Greek and Chinese shipping companies on the rise 
Greek and Chinese shipping companies now own 34% of the global fleet's cargo capacity, according to Bimco's chief shipping analyst Niels Rasmussen. Greek shipowners control 19% of the cargo carrying capacity and maintain a high share in the dry bulk, tanker, and gas carrier... plus
Nearshoring trend: data reveals truth
The concept of nearshoring suggests that as companies move production closer to consumer markets, average sailing distances for shipped goods would be reduced. According to Sea-Intelligence, for North America, there has been an increase in the average sailing distance for... plus
Free access to Shipnext platform for ICS students
The Institute of Chartered Shipbrokers (ICS) and Shipnext, a digital SaaS platform, have partnered to enhance education in the shipping industry for its students. Shipnext provides a range of digital solutions, including instant data processing, freight-matching,... plus
Record highs for ICTSI earnings
International Container Terminal Services Inc (ICTSI) has reported a 4% increase in net income to USD 484.5 million for the first nine months of 2023, with ebitda and net income reaching record highs. The company saw a 7% growth in throughput and revenues. Despite the... plus
Appeal against Gateway Basel Nord approved
On 19 October 2023, Switzerland’s federal administrative court ruled in favour of an appeal by Swissterminal against the Swiss government's financial contribution with regard to the planned trimodal Gateway Basel Nord (GBN). The court ordered that the contested rulings must... plus
DP World's investment in London Gateway
DP World has marked a decade at London Gateway with a GBP 56 million (USD 69 million) investment in four automated stacking cranes (ASCs), bolstering the company’s supply chain infrastructure in the UK. These cranes, supplied by Finnish manufacturer Konecranes, are part of... plus
Ten new vessels for AD Ports
AD Ports Group is acquiring ten offshore vessels for approximately USD 200 million from E-NAV to reenforce its operations in the Middle East and Southeast Asia. These vessels, with an average age of nine years and younger than the industry norm, are diverse in type and are set... plus
ZEX: revamped China-LA route
Zim Integrated Shipping Services has re-introduced its Zim e-commerce Xpress (ZEX) line, a service connecting South China to the US West Coast and tailored for the e-commerce sector. ZEX offers a 12.5-day transit from China to Los Angeles, guarantees on space and equipment... plus
German partnership for water logistics
HGK Shipping and Salzgitter Flachstahl have signed a contract for the long-term lease of three dry cargo ships, aiming to shift more logistics to inland waterways. The agreement follows a memorandum from August 2023 that designated HGK Shipping as Salzgitter's main inland... plus
Shipping to and from Israel
The Israeli container carrier Zim recently confirmed that, besides deploying its vessels for ‘national needs’, the shipping line will continue its civil business and continue to accept bookings and transport containers to and from Israel. Nevertheless, Hill Dickinson, an... plus