A big takeover for Abu Dhabi Ports 
In mid-September 2022, the Abu Dhabi Ports Group completed the acquisition of a 70% equity stake in the Egyptian companies Transmar International Shipping Company (“Transmar”) and Transcargo International (“TCI”). The total value of the transaction amounts to AED 514 million... plus
Less stress in Los Angeles
In August, container throughput at the Port of Los Angeles declined for the first time in almost two years. The port handled an estimated 806,000 teu this month, approximately 15% less than the same period in 2021. Seasonal reasons apply, as Port of Los Angeles executive... plus
A hydrogen bridgehead in Gothenburg
In partnership with Nilsson Energy, a hydrogen filling station for heavy vehicles is being planned in the hinterland of the Port of Gothenburg. The facility will be right next to the entrance to the Gothenburg ro-ro terminal. It will supply green hydrogen only and is set to be... plus
L’énergie, facteur critique 
Une stratégie à quatre axes dédiée à la transformation énergétique et la prévision des émissions. CMA CGM souhaite combiner la transition vers les nouveaux modes de propulsion et les carburants alternatifs avec sa stratégie de décarbonation. Le groupe investit sur cinq ans 1,5... plus
Fresh cash for Xeneta
Xeneta, an ocean and air freight rate benchmarking platform headquartered in Oslo, has completed another investment round. USD 80 million were raised by Apax Digital, the growth equity arm of Apax, with participation from New York-based Lugard Road Capital. This investment... plus
Barcelona coalition for sustainable shipping
The Port of Barcelona and the main operators in the cruise sector, both cruise companies and terminals, have agreed to create a working group to speed up the connection of ships to the general electricity grid once they are docked, using clean energy that is certified 100%... plus
A new stakeholder for the Spinelli Group
The Genoa-headquartered Italian Spinelli Group is selling part of its shares to Hamburg carrier Hapag-Lloyd. The German container liner-shipping company will acquire a 49% stake in the Spinelli Group from existing shareholders, while the Spinelli family will continue to hold the... plus
A future for the port of Belawan
According to Reuters a new partnership has been set up to jointly develop the Belawan New Container Terminal (BNCT) in Sumatra. The partners are the Indonesian state-owned port operator Pelindo, a consortium based on the country's sovereign wealth fund INA and the Dubai-based... plus
Hybrid initiative in the ro-ro segment
New hybrid ships are set to enter the ro-ro segment. The logistics and shortsea shipping provider and terminal operator CLDN and the Finnish technology group Wärtsilä have jointly developed a new hybrid design for two new ro-ro vessels. The propulsion arrangement is such that... plus
Pirates high and dry in Somalia
Piracy’s threat to global shipping is dwindling, at least in the coastal areas of Somalia. Six international shipping organisations consider the Indian Ocean to no longer be a high-risk area, as there have been no attacks on merchant vessels off Somalia since 2018. Thus the... plus