Red Sea Gateway opens a new chapter 
The Red Sea Gate Terminal (RSGT), a terminal operator representing a partnership between the Saudi Industrial Services group Sisco and the Malaysian Mining Company (MMC), has officially taken over operations in the northern section of Jeddah Islamic Port, previously known as... plus
K Line to adjust previous forecasts
The Japanese liner K Line is planning to record the extraordinary loss on valuation of investment securities in the consolidated financial results for the fiscal year ending 31 March 2020. These are investment securities classified as “available-for-sale securities”, where... plus
Night-time closure for traffic on the Rhine
Inland navigation on the Upper Rhine also feels the effect of the unprecedented Covid-19 pandemic from which France and especially the region Alsace are currently suffering. Under these circumstances, the lock operators on the Upper Rhine, Wasserstraßen- und... plus
A bigger slice of Hapag-Lloyd
Special circumstances demand special measures. In this case, Kuehne Holding, in contrast to earlier statements, has further increased its share in the Hamburg-based carrier Hapag-Lloyd through its subsidiary Kuehne Maritime. After having bought its first stake of Hapag-Lloyd... plus
Fostering trimodal solutions at duisport
Duisport has developed a trimodal container terminal as part of the new logistics concept for the logport VI location, including the basic conditions for legal approval. The area measures roughly 430,000 sqm and has a 500 m quay wall. The aim of the town of Duisburg and the... plus
Ro-ro terminal at Stockholm in the making
The last two of nine ramps for rolling goods have been installed at the Stockholm Norvik Port. Five were delivered to the recently newly rebuilt Värtahamnen Port and two to the reconstructed Port of Kapellskär. The ro-ro terminal is scheduled to open in September and will be... plus
Mixed results for Cosco Shipping Ports
There was a year before corona. In 2019, the Chinese port and terminal operator Cosco Shipping Ports witnessed rising revenues, which surged by 2.7% to USD 1.02 billion, but declining profits, which went down by 7.1% to USD 272.7 million. Nevertheless, adjusted net profit rose... plus
Obligatory sale of Long Beach terminal pays off 
The decision of the committee on foreign investment in the United States to make Orient Overseas International (OOIL) sell its stake in Long Beach happened at the right time - for the seller. Since China’s Cosco Shipping acquired a majority stake in OOIL in July 2018, the US... plus
EU redefines conditions for Fehmarn project
For Scandlines and Stena Line, the decision taken by the European Commission regarding the Fehmarnbelt fixed link at the end of March further speciifies the existing conditions for the project. After another review, the European Commission concluded that the public financing... plus
ONE extends network to and in North Africa
The European branch of the Ocean Network Express, the Japanese container shipping conglomerate headquartered in Singapore, is extending its footprint in North Africa. The carrier has appointed two new third-party agents - the Algerian branch of the Spanish Romeu Group and... plus