High times for ZIM also 
ZIM has reported its latest consolidated results: The Haifa-based carrier handled 884,000 teu in Q3/2021, an increase of 16% compared to the same period last year. Revenues were at USD 3.14 billion, an uptick of 210% compared to the USD 1.01 billion in Q3/2020. Adjusted... more
China Straits Service to run before year's end
Besides its Gulf China Service (GCS) to be launched on 23 November, Pacific International Lines (PIL) is also introducing a new weekly direct loop connecting key ports in China, Singapore and West Malaysia. The China Straits Service (CSS) will set sail on 18 December 2021 from... more
High rates well into 2024?
Starting out from the China Containerized Freight Index, the Copenhagen-based shipping consultancy Sea-Intelligence has defined five periods each of sustained rate decreases and of sustained rate increases, specially the average percentage point drop per week over the full... more
Hamburg's way out of the blues
It has not returned to pre-pandemic levels yet, but the Port of Hamburg is on the move. In the first nine months of 2021, the port's total throughput amounted to 95.8 million t, a 2.9% gain compared to the period of January to September 2020. Bulk cargo grew strongly,... more
Two for cyber security at sea
Bureau Veritas (BV) and insurance consultancy Bessé are teaming up to improve protection against cyber-attacks in the maritime sector. This partnership will be key to help shipowners comply with IMO and IACS requirements. BV has developed a set of rules (NR 659) which make... more
Long Beach paves the way
The US West Coast Port of Long Beach moved almost 7.89 million teu in the course of the first ten months of 2021. This is an upswing of 21% compared to the same period in 2020. Although congestion and limited capacity at marine terminals slowed imports at the Port of Long... more
More Messina Line in Koper
The Italian shipping group Ignazio Messina has a new weekly ro-ro service that will link the Port of Koper, Slovenia, with East and South Africa, the Persian Gulf and India. The link will be operated by the group’s shipping arm Messina Line and its agent Neptune International... more
APM Terminals to develop in Rijeka
In November 2021, APM Terminals (51%) and Enna Logic (49%) signed a concession agreement to design, construct and operate a new container terminal, Rijeka Gateway. On Croatia's North Adriatic coast, the project will be developed in two phases, with phase one due for... more
21 countries for green corridors
On 10 November 2021, 22 countries signed the so-called Clydebank Declaration for the development of carbon-free 'green' corridors for maritime transport. The signing occurred during the Climate Summit COP26 in Glasgow. USA, Japan, Germany, Norway, the Netherlands, UK, Australia... more
A good season for Hapag-LLoyd
Higher freight rates and rising transport volumes have the cash registers ringing at Hapag-Lloyd. In the first nine months of 2021, revenues rose by an outstanding 70% to EUR 15 billion, while ebitda stood at EUR 6.8 billion and ebit at EUR 5.8 billion. At the same time, group... more