Indian Register celebrates 10 years in IACS 
This year, the Indian Register of Shipping (IR Class) marks ten years of full membership of the International Association of Classification Societies (IACS). Having been an associate member since 1991, IR Class became a full member in 2010 and has actively participated and... more
JV for storage in Indonesia
A letter of intent (LOI) to set up a joint venture company has been inked by Chandra Asri Petrochemical Tbk (Chandra Asri), a major Indonesian petrochemical company, and the tank storage company Royal Vopak (Vopak). The collaboration aims at the construction of a new jetty... more
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
