Ageing containership fleet poses challenges 
The average age of containerships has reached 14.2 years, the highest among major shipping sectors, says Niels Rasmussen, chief shipping analyst at Bimco, one of the largest international shipping associations representing shipowners. Over the past 13 years, the container... more
Port of Antwerp-Bruges increases market share
The Port of Antwerp-Bruges has witnessed a 6% decline in total cargo throughput over the last nine months compared to the previous year due to continued economic and geopolitical instability worldwide. Container transport demand has declined significantly, while other cargo... more
Financial growth at ICS
The Institute of Chartered Shipbrokers (ICS) celebrated a successful year at its recent annual general meeting, reporting significant financial growth. The Institute saw a 12.5% increase in total income compared to the previous year. This growth reflects the Institute’s... more
HGK: a takeover to add tank containers
HGK Shipping has increased its capacity by taking over Köppen’s tank container logistics business, adding approximately 1,000 tank containers to its fleet. This acquisition enables HGK Shipping to connect production facilities with container terminals in vital chemical industry... more
Upcoming changes in The Alliance’s networks
In response to market conditions, The Alliance is adjusting its services as follows. (pb) Transpacific-East Coast Network EC4: Suspension until further noticeEC1: Updated service with Xiamen callEC2: Updated service with Yantian callEC5: Updated service with Charleston and... more
Crane simulator to boost port safety
Tees Dock has made a GBP 400,000 (EUR 460,000) investment in a full mission crane simulator designed to enhance the training and safety of crane drivers and port workers. Manufactured by Globalsim, this simulator is the only one of its kind in northern England. It... more
DP World to upgrade Tanzanian port
DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to modernise and operate the multi-purpose Dar es Salaam Port. The agreement aims to enhance transport and logistics services in Tanzania and the region. DP World will invest over USD... more
Imagesa Türkiye: a maritime collaboration
Sea & Ports Group and Link Logistics are forming a joint venture named Imagesa Türkiye, a new maritime agency within Sea & Ports Group, set to commence operations on 1 November 2023. Focusing on representing Marguisa Shipping Lines, this venture aims to expand Sea... more
Spict invests in sustainable technology
South Pacific International Container Terminal (Spict) in the Port of Lae, Papua New Guinea, has expanded its operations by acquiring two new Mitsui hybrid rubber-tired gantries (RTG). These gantries use a combination of a smaller diesel engine and a lithium-ion battery,... more
Drydocks World's LNG vessel conversion
Drydocks World, a DP World subsidiary, has successfully converted two Liquefied Natural Gas (LNG) vessels, the ‘Tango Floating Liquefied Natural Gas’ (FLNG) and ‘Excalibur Floating Storage Unit’ (FSU), to enhance LNG production off the coast of the Republic of Congo. The... more