HL shows steady performance in 2020 
As forecast, the Hamburg shipping company Hapag-Lloyd achieved revenues of USD 10.5 billion after the first nine months of the year, almost on par (-1%) with the same period in 2019. Yet, ebitda climbed by 20.4% to more than USD 2 billion. While ebit rose by a significant... more
Sea Intelligence on demand in Q4/2020
The Copenhagen (Denmark)-based maritime consultancy "Sea Intelligence" recently analysed the latest demand data for September 2020 published by Container Trade Statistics (CTS). Global demand grew by 6.9% in comparison to September 2019, with positive growth in all... more
Eurogate in transformation
The management of the Eurogate has initiated a comprehensive transformation programme with the aim of achieving sustainable improvements in productivity and cost reductions of EUR 84 million p.a. across the group. This programme is to be implemented in full by 2024. From... more
THE Alliance till the end of 2020
The alliance of Hapag-LLoyd, HMM, ONE and Yang Ming, called THE Alliance, has announced service adjustments to better match resources and "fluctuating demand" of the global shipping market. Between Asia and North Europe, the FP1, FP2, FE2, and FE3 will maintain... more
UN shipping report for 2020 gloomy
In its shipping report "Review of Maritime Transport for 2020", Unctad shows the following picture: In 2019, the global fleet grew by 4.1% to approx. 98,000 commercial vessels while maritime trade volumes expanded by 0.5% reaching a total level of 11.08 billion t,... more
New West Africa Service in 2021
Singapore-headquartered Ocean Network Express (ONE) plans to launch a new weekly Europe - West Africa Service (EWX). The first voyage is scheduled to start in February 2021. The port rotation will be: Hamburg – Rotterdam – Antwerp – Le Havre – Algeciras – Tangier – Dakar – Tema... more
ICTSI goes blockchain
Philippines-based International Container Terminal Services (ICTSI), an international port and terminal operator active in 19 countries, has signed on to connect its current 31 terminals to the platform of Trade Lens, a blockchain software jointly developed by IBM and Maersk,... more
Digital maritime highway 
Fenix is a new pan-European project that has been designed to realise a fast and secure international trade lane. One of the results of the undertaking is to make trade between the ports of La Spezia and Casablanca more efficient. more
Finnlines assumes its role
Finnlines’ turnover and profitability have declined significantly compared to 2019 due to decreased cargo and passenger volumes. Yet, the carrier, which is of strategic importance especially for Finland and Sweden, has neither laid down any vessels or altered any services -... more
Upswing for Qatar Ports
Qatar's ports witnessed growing volumes in October. 330 vessels visiting the Port of Hamad, the Port of Ruwais and the Port of Doha led to a rise in throughput of 17% last year, as Mwani, the port owner and operator, reported. The three ports handled almost 128,500 teu,... more