The reasons for damage - and its cost 
Marine and transport insurer Allianz Global Corporate & Specialty (AGCS) analysed more than 240,000 claims worldwide between January 2017 and December 2021, totalling a value of around EUR 9.2 billion, and identified a number of loss and risk trends. Fires accounted for... plus
Market for PCTC in motion
The vessel “Höegh Trapper” is for sale - for a purchase price of USD 53,2 million. The owner Ocean Yield has noted that Höegh Autoliners, through its subsidiary Höegh Autoliners Shipping, has declared an option pursuant to a certain bareboat charter party to purchase. Three... plus
A double award in Auckland
Ports of Auckland and Damen Shipyard’s “Sparky” have won the outstanding collaboration prize the at Sustainable Business Awards for a joint technical development. “Sparky”, the world’s first full-sized ship handling electric tug is the result of a six-year collaboration... plus
From coast to coast
Chicago-based intelligence provider Four Kites is seeing a shift in US trade. Since strikes and port congestion spilled over West Coast ports like Los Angeles and Oakland over the past year, many shippers have opted for ports along the US East Coast. As of August 2021, US... plus
For a joint study of ammonia
The Japanese carrier MOL will cooperate with Jera to launch a study of transporting ammonia to be used as fuel. Jera is currently the major power generation company in Japan, producing about 30% of the country's electricity. One purpose of the study is to assess shipments to... plus
Oman's Muscat on the map
A new node in its network: the Danish shipping company A.P. Moller – Maersk (Maersk) has made Khazaen Dry port (KDP), part of Asyad Group, a new port of call. KDP enjoys a strategic location with proximity to the Saudi-Omani border, UAE-Oman border, the Port of Sohar, the Port... plus
Port of Oakland still standing
The Californian Port of Oakland on the US West Coast witnessed an uptick in its October 2022 throughput. Total loaded container volume grew by 5.9% compared to October 2021. The port handled almost 146,000 loaded teu compared to 138,000 teu in October 2021. Full exports... plus
No queuing up in SC Ports
South Carolina Ports on the US East Coast saw a busy October 2022 in container throughput. SC Ports reported a 9% container growth year-over-year, as 257,000 teu moved through the three terminals Wando Welch, North Charleston, and Hugh K. Leatherman. Imports remain strong,... plus
Jeddex service upgraded
The service will run more often. CMA CGM is readjusting its Jeddex service so that will now offer weekly departures and cover the Indian Ocean market with the inclusion of Longoni on top of Mombasa. Transit time will be 42 days. Six vessels with capacities of up to 1,700 teu... plus
AD Ports on the offensive
Abu Dhabi-based AD Ports Group has acquired a 100% stake in Noatum, a global logistics player headquartered in Spain. The Noatum Group is present in 26 countries and generates yearly revenues and ebitda of AED 6.91 billion (EUR 1.80 billion) and AED 555 million (EUR 145... plus