MOL banks on hybrid bonds 
Japanese shipping company MOL has submitted an amended version of the shelf-registration statement regarding the issuance of publicly offered hybrid corporate bonds (no collateral and subordinated corporate bonds) to the director-general of the Kanto Local Finance Bureau.In... plus
Hapag-Lloyd can afford further acquisitions
Hamburg-based carrier Hapag-Lloyd has released its audited results for 2020. While revenues went up by 3.3%, amounting to USD 14,6 billion, ebitda grew significantly by 38.6% compared to 2019, passing the threshold of USD 3 billion. The group's net result witnessed a great... plus
Three stand united for hydrogen
Ardmore Shipping, owner and operator of tankers, Element 1 (E1), headquartered in Bend, Oregon, and Maritime Partners, headquartered in New Orleans, have formed an equal share partnership called "e1 Marine" to bring E1’s methanol-to-hydrogen technology to the marine... plus
Valenciaport started well in 2021
A good start for Valenciaport in January and February this year: The port handled 13,5 million t of goods and more than 917,000 teu, an increase of 5.89% and 3.53%, respectively, compared to the same period in 2020. The increase in traffic contrasts with the number of ships... plus
Duisport and Singapore JV invest in China
Multimodal Investments (MIPL) is the name of the new Singapore-based joint venture company that was jointly established by PSA Northeast Asia Supply Chain, a subsidiary of PSA International, and multimodal Duisburger Hafen AG (Duisport). The JV will invest in multimodal... plus
Nile Dutch sails to Hamburg
Hamburg-headquartered carrier Hapag-Lloyd has inked an agreement with container shipping company Nile Dutch to take over all its shares. Financial details were not disclosed and the transaction is subject to regulatory approval. Rotterdam-based Nile Dutch runs 19 agencies... plus
Investors for a blockchain BL model
Wave BL, a developer of blockchain networks to support paperless trade in the shipping industry, saw a joint investment in a Series B Financing round of carrier ZIM and Marius Nacht, an Israeli serial entrepreneur and investor. The two investors co-lead a round of approximately... plus
More renewable fuels in the Netherlands
Neste, a major producer of renewable diesel, is expanding its production site in Rotterdam, where the company already runs a factory on the Maasvlakte. Although Neste also has plants in Sluiskil and Vlaardingen in the Netherlands, the acquisition of the Rotterdam-based Bunge... plus
Less congestion on West Coast?
Despite the Port of Long Beach's busiest February so far, the congestion in front of the ports of Los Angeles seems to be easing. Long Beach handled almost 772,000 teu in February, a significant upswing of 43.3% in comparison to the same month in 2020. Imports lead the way... plus
River transport links Paraguay with Brazil
Brazil Tec Plata, the Argentine subsidiary of International Container Terminal Services, recently welcomed a new service that links the ports in Paraguay to the Port of La Plata, and from there, to the main ports in Brazil. The service, which made its first stopover at the... plus