MOL procures loan for sustainability 
The Japanese carrier MOL recently made use of another transition-linked loan with Sumitomo Mitsui Banking Corporation. This is Japan’s first global commitment line agreement using this kind of loan. It is a financial instrument designed to assist companies that are taking action... more
Changes in cargo flows
The Copenhagen-based maritime agency provider Sea-Intelligence recently published an analysis of the cargo streams on the North America West Coast (NAWC). Compared to 2019, volume growth in 2022 stagnated during the first two months of the traditional Q3 peak season and... more
PSA keeping the balance in 2022
Singapore-headquartered PSA International (PSA) has reported its results for 2022. In total, the Group handled container volumes of 90.9 million teu globally. Compared to 2021, the group’s volume decreased by 0.7%. The flagship PSA Singapore contributed 37 million teu (-0.7%),... more
Another way of Californication
The Japanese container shipping company Ocean Network Express (ONE), headquartered in Singapore, has signed agreements to acquire a 51% stake in two terminals on the US West Coast - Tra Pac and Yusen Terminals (YTI). MOL and NYK as well as Macquarie Infrastructure Partners... more
The Alliance and the Atlantic
Falling volumes are causing problems in the deployment of ultra large container ships (ULCS). The Alliance is now focusing on Asia and Northern Europe. In its estimation, the Asia-Northern Europe trade is regaining in importance. Hapag-Lloyd, ONE, HMM and Yang Ming have thus... more
For a change in East Africa
A feeder service was recently enhanced in East Africa. The French line CMA CGM announced that it has deployed more capacity on its feeder service connecting Kenya to the island of Zanzibar (Tanzania) A second vessel, the ‘Onego Bora’, which is solely operated by CMA CGM, has... more
USD 630 million investment in ammonia options
The Naples-based Grimaldi Group has ordered five new ammonia-ready PCTCs (pure car and truck carriers). This new project, which also includes an option for a further two vessels, comes just over two months after the latest order for the construction of five more PCTCs. Thus,... more
Banking on East Africa 
New service linking India, UAE, Kenya, Tanzania. Three shipping lines have one eye clearly focused on expected growth of 8% for East African economies. They are set to cooperate on a joint service that will connect India and the United Arab Emirates to Kenya and Tanzania. more
An Italian takes the helm
Zeno D’Agostino new president of the top European ports organisation in Brussels. Verona, Naples, Trieste – and now Brussels. Former Espo vice-president Zeno D’Agostino was unanimously elected president of the pan-European ports association at its AGM at the beginning of... more
A difficult and protracted re-birth
Back on the open sea – a Fratelli Cosulich ship no longer blockaded in Ukrainian port of Mariupol. Nine months can be rather a long time in shipping. That was the time it took the shipping line Vulcania, a subsidiary of the long-established Genoese company Fratelli Cosulich, to... more