Hamburg Port rebounds in Q3/2023 
The Port of Hamburg experienced a modest rebound in container throughput in Q3/2023, with a 2.4% rise to two million teu compared to Q3/2022. This recovery, particularly highlighted by record US traffic and a resurgence in Asia trade, marks a positive shift from the 7.4%... more
Climate-friendly island supply ship launched
In a significant step towards climate-neutral maritime operations, a new sail-hybrid supply vessel for the Marshall Islands has been launched in South Korea. Developed in a collaborative effort by the Emden/Leer University of Applied Sciences, Kostec, Asia Shipbuilding, and... more
Hydrogen path: EU ports unite
The Port of Bilbao, Duisport, and the Port of Amsterdam have partnered to create a renewable hydrogen corridor connecting Spain, the Netherlands, and Germany. The initiative, aligning with EU ambitions, leverages the Port of Amsterdam as a conduit to the German market,... more
Challenging seas for Finnlines
Finnlines reported a revenue of EUR 513.2 million for January-September 2023, 8% down from 2022. The result for the period was EUR 56.9 million, with ebitda at EUR 131.7 million. The economic outlook within the EU is challenging, with minimal growth expected. Despite a... more
Cosco partners with Varamar
Varamar DMCC and ASL Shipping, a Cosco group entity, have entered a strategic partnership to enhance their trade operations. Offering services for various types of cargo, Varamar operates mainly in the 3,000-30,000 dwt range and has expanded globally with ten branches. Cosco... more
ZIM Q3 results: a test of resilience
ZIM Integrated Shipping Services reported a significant net loss of USD 2.27 billion for Q3/2023, primarily due to a non-cash impairment loss of approximately USD 2.1 billion. This loss is a stark contrast to the net income of USD 1.166 billion in Q3/2022. The company's... more
An easier way to calculate emission costs
UECC, a European ro-ro carrier, has introduced a standardised method for calculating emission costs for its customers to comply with the requirements of the EU Emissions Trading System (EU ETS), which will also apply to the maritime sector from 1 January 2024. This system... more
Cargo growth at SC Inland Ports
In October 2023, SC Ports’ Inland Port Greer reported a record handling of 17,000 containers, marking a 42% increase from the previous year. Inland Port Dillon also saw a significant uptick, with a 31% rise in the number of containers processed. To accommodate growing... more
King Willem-Alexander tours Duisport
Willem-Alexander, the King of the Netherlands, visited Duisburg Port (Duisport) on Tuesday, 14 November 2023, to show his appreciation for the port’s efforts to develop a European hydrogen network with the Port of Rotterdam and other partners. Duisport CEO Markus Bangen... more
Yang Ming: profit amidst shipping slump
The Taiwan-headquartered carrier Yang Ming reported a consolidated revenue of NTD 35.9 billion (USD 1,160.72 million) in Q3/2023. Net profit amounted to NTD 2.81 billion (USD 90.73 million). For the first three quarters of 2023, the consolidated revenue was NTD 107.9 billion... more