Port indices climbing worldwide, says Drewry 
British maritime analyst Drewry has drawn some conclusions out of the latest development of its global container port throughput index. In July 2020, the index crossed the level of 130 points for the first time this year, but did not reach the same mark as in 2019. Despite... more
Two rating agencies on Jaxport's side
One of the Big Three rating agencies, Moody’s, has confirmed the Florida Port in Jacksonville's (Jaxport) rating. The mark remains at ‘A2 Stable’ credit rating. In its report, Moody's investor service put emphasis on the port’s diversity of business, stable revenue, favourable... more
Digital US contract platform goes Europe
The New York Shipping Exchange (Nyshex), a digital freight contracting platform for container shipping, has raised USD 13.5 million from investors to support further expansion of the business. The company reported that these means will be used to attract new shipper segments and... more
SAL's step over the Atlantic
This may be the beginning of a wonderful marriage. SAL Heavy Lift and Intermarine, two well-known brands in the heavy lift shipping arena, join forces within the Americas and for cross-Atlantic trade. SAL Heavy Lift, a member of the Harren & Partner Group, acquire a major... more
Confidence in shipping on the rise
Carriers seem to be finding the way out of the valley of tears, gradually. One of the Big Three in Ratings, the Agency Standard & Poor’s (S&P), has just upgraded its perspective on the carrier Hapag-Lloyd. The shipping company's credit rating was raised one notch... more
New terminal active in Wilhelmshaven
Mosolf has commenced operations at its auto terminal in Wilhelmshaven. The terminal operator will handle vehicles and other rolling cargo at the German Northern port and plans to develop further lines of business in the medium term. Wilhelmshaven is now the newest of 38 business... more
Nordic ro-ro operations about to begin
The final preparations for the opening of the new ro-ro terminal in the Stockholm Norvik Port are underway. Sweden’s newest port currently covers an area of 440,000 sqm. The last of eleven million paving stones was laid at the end of September. The construction work to build... more
Rates through the roof 
The record current spot market rates just represent the beginning for the London-based analyst Drewry. The firm’s experts see the concentration of shipping companies, alliances and capacity management as heralding a new era. more
Ship managing unit with two stakeholders
The multinational Thome Group and the Hamburg-headquartered shipping company Carsten Rehder have decided to cooperate in a joint venture. A new company, Thome Shipmanagement Germany, with the Thome Group and Carsten Rehder as the two shareholders, will be set up to take over... more
Another cyber victim
The International Maritime Organisation (IMO) has confirmed that it has been hit by a cyber-attack against its IT-systems. The UN organisation spoke of “technical issues” at first, but declared by the end of the week on its official Twitter account that the troubles - the... more