King Willem-Alexander tours Duisport 
Willem-Alexander, the King of the Netherlands, visited Duisburg Port (Duisport) on Tuesday, 14 November 2023, to show his appreciation for the port’s efforts to develop a European hydrogen network with the Port of Rotterdam and other partners. Duisport CEO Markus Bangen... plus
Yang Ming: profit amidst shipping slump
The Taiwan-headquartered carrier Yang Ming reported a consolidated revenue of NTD 35.9 billion (USD 1,160.72 million) in Q3/2023. Net profit amounted to NTD 2.81 billion (USD 90.73 million). For the first three quarters of 2023, the consolidated revenue was NTD 107.9 billion... plus
MOL & Kyuden launch LNG ship "Reimei"
Mitsui O.S.K. Lines (MOL) and Kyushu Electric Power (Kyuden) have introduced "Reimei", a Panamax coal carrier powered by LNG, which began operations on 14 November 2023. Launched at Namura Shipbuilding's Imari Shipyard, "Reimei" serves to transport coal to... plus
Another trio for Arkas
Arkas Line, which owns the largest fleet of container vessels in Turkey, has acquired three new vessels from MPC Container Ships, a Norwegian container operator. This expansion brings the carrier’s total fleet count to 50 vessels and increases its total capacity to 87,335 teu.... plus
RBT welcomes Neo Bossa line
Rio Brasil Terminal (RBT), operated by ICTSI at the Port of Rio de Janeiro, Brazil, recently received the maiden call of the Sirius/Neo Bossa service, a joint operation by CMA CGM and Maersk. The service commenced with the docking of the 9,000 teu "Maersk Lota",... plus
CMA CGM's Q3 earnings dip
CMA CGM Group, a global provider of sea, land, air, and logistics services, reported revenues of USD 11.4 billion in Q3/2023, with maritime shipping and logistics sectors adjusting contributions amid market downturns. Ebitda plummeted to USD 2.0 billion, a 78.2% drop from... plus
La fin de l’ère des oligopoles? 
La Commission européenne a décidé, au terme d’un processus d’examen d’un an, de ne pas proroger le règlement d’exemption en faveur des consortiums de transport maritime qui va expirer le 25 avril 2024. Certes, elle n’a pas détecté de manque de concurrence ou domination des... plus
Who holds the older units?
In its latest report, Alphaliner pointed out that approximately 20% of containership fleet capacity, or almost 3 million teu, is 20 or more years old. This corresponds to about 1,200 container vessels which, due to their age, will not meet the IMO’s sustainability goals at this... plus
South Korean shipbuilders take the lead
According to Clarksons Research, ship orders worldwide totalled 2.49 million compensated gross tonnages (cgt) in October this year. This represents a dip of 44% compared to the same month in 2022. Out of these orders, South Korea was able to secure 1.54 million cgt (62%),... plus
Eco-friendly shipping fund launches
HFW, a global sector-focused law firm, has facilitated the launch of the shipping industry's first sustainable fund named Low Emission Methanol Shipping Company (Lemsco). The fund, created by maritime investment advisor Promarine, is starting with an initial portfolio of... plus