Weight gain for Spanish fleet in 2018 
Spain's weight has grown in the maritime field. On 1 January 2019, the merchant shipping fleet controlled by Spanish shipping companies had 220 merchant ships, weighing almost 4.5 million gt. Compared to 2017, there are 9 units more and tonnage rose by 8.9%. The portion of... more
LNG-fuelled tugboats are in use
A delivery ceremony was recently held Kobe port (Japan) for the LNG-fuelled tugboat MOL ordered from Kanagawa dockyard. At the event were officials from the Kobe district transport bureau, the ministry of land, infrastructure, transport and tourism (MLIT), port and urban project... more
Hapag Lloyd expects no changes in freight rates
Hamburg-based carrier Hapag-Lloyd reported significantly improved figures in 2018. The group net result increased to EUR 46 million, up EUR 13 million from 2017. On a pro-forma basis and when compared to the combined business of Hapag-Lloyd and UASC for FY 2017, transport... more
Multicargas terminal poised to expand
In Brazil, the Multicargas terminal (T-MULT) of Açu Port, in operation since 2016 and located in the north of the state of Rio de Janeiro, presents itself as a new option for cabotage in Brazil. With 160,000 sqm of bonded area, a depth of 14.5 m and the ability to receive... more
Biggest ULCV to date calls Jaxport
Florida (USA)-based Jaxport recently set a new port record with the arrival of the Zim vessel "Cape Sounio", the largest containership so far to call Jacksonville. The 11,000 teu Zim-operated ship is deployed a service offered by the 2M alliance. The 2M alliance is... more
The risk of abandoned containers overseas
Bifa, the trade association for UK freight forwarding and logistics companies, is warning its members about the cost of containers abandoned overseas for which they may be liable. The association says that often its member company has closed the file with the goods shipped... more
ZIM still not out of the red
The Haifa (Israel)-based carrier Zim witnessed a classic result on two fronts in 2018: while revenues surged by 9.1% to USD 3.3 billion (2017: almost USD 3 billion) and volumes shot up by 10.8% to 2.9 million teu (2017: 2.6 million teu), ebitda and the net result declined.... more
West of England - positive about the future
The West of England, a mutual marine insurer, has announced a positive renewal period and a modest increase in renewing premium. Owned mutual tonnage has grown over the year to 90 million gross tons (gt) including the addition of new members at renewal and a further 1.5 million... more
PISR and HSSA join forces
An ambitious ship registry and the oldest shortsea shipping association in Europe set up an alliance. Palau International Ship Registry (PISR) and the Hellenic Shortsea Shipowners Association (HSSA), both operating from Piraeus (Greece), recently signed an agreement to support... more
Sturdy ships for Royal Arctic
KfW IPEX Bank is providing EUR 16.43 million to finance two more transport ships for the Royal Arctic Line. The Greenland-based shipping company already completed a loan for the construction and final financing of two similar vessels in November 2018. Those units are... more