Hapag Lloyd expects no changes in freight rates 
Hamburg-based carrier Hapag-Lloyd reported significantly improved figures in 2018. The group net result increased to EUR 46 million, up EUR 13 million from 2017. On a pro-forma basis and when compared to the combined business of Hapag-Lloyd and UASC for FY 2017, transport... more
Multicargas terminal poised to expand
In Brazil, the Multicargas terminal (T-MULT) of Açu Port, in operation since 2016 and located in the north of the state of Rio de Janeiro, presents itself as a new option for cabotage in Brazil. With 160,000 sqm of bonded area, a depth of 14.5 m and the ability to receive... more
Biggest ULCV to date calls Jaxport
Florida (USA)-based Jaxport recently set a new port record with the arrival of the Zim vessel "Cape Sounio", the largest containership so far to call Jacksonville. The 11,000 teu Zim-operated ship is deployed a service offered by the 2M alliance. The 2M alliance is... more
The risk of abandoned containers overseas
Bifa, the trade association for UK freight forwarding and logistics companies, is warning its members about the cost of containers abandoned overseas for which they may be liable. The association says that often its member company has closed the file with the goods shipped... more
ZIM still not out of the red
The Haifa (Israel)-based carrier Zim witnessed a classic result on two fronts in 2018: while revenues surged by 9.1% to USD 3.3 billion (2017: almost USD 3 billion) and volumes shot up by 10.8% to 2.9 million teu (2017: 2.6 million teu), ebitda and the net result declined.... more
West of England - positive about the future
The West of England, a mutual marine insurer, has announced a positive renewal period and a modest increase in renewing premium. Owned mutual tonnage has grown over the year to 90 million gross tons (gt) including the addition of new members at renewal and a further 1.5 million... more
PISR and HSSA join forces
An ambitious ship registry and the oldest shortsea shipping association in Europe set up an alliance. Palau International Ship Registry (PISR) and the Hellenic Shortsea Shipowners Association (HSSA), both operating from Piraeus (Greece), recently signed an agreement to support... more
Sturdy ships for Royal Arctic
KfW IPEX Bank is providing EUR 16.43 million to finance two more transport ships for the Royal Arctic Line. The Greenland-based shipping company already completed a loan for the construction and final financing of two similar vessels in November 2018. Those units are... more
Pearls in the Pacific? 
The maritime carrier Matson’s container services from the US west coast to Hawaii, Alaska and the Pacific Islands have established its status as a strong niche player since 1958. In 2018 it was its California – China services, however, that improved its result. more
Equipment enhancement at ICTSI's Lae terminal
Lae (Papua New Guinea)-based South Pacific International Container Terminal (Spict), a subsidiary of International Container Terminal Services (ICTSI), recently took delivery of three new hybrid rubber tyred gantries (RTGs). The equipment is part of the ICTSI Group’s ongoing... more