Hapag-Lloyd closing the case 
What started off well in September 2022 has now come to a close. The antitrust authorities have given their green light with regards to Hapag-Lloyd’s acquisition of a minority stake in the Spinelli Group based in Genova. The carrier has acquired 49% of the shares in the... more
Recent developments in global piracy
The ICC International Maritime Bureau (IMB)'s report on global piracy in 2022 sums up 115 recorded incidents of piracy and armed robbery against ships – compared to 132 in 2021. In total, 107 vessels were boarded, two vessels hijacked, five attack attempts failed and one vessel... more
Asyad goes Singapore
Oman-based Asyad Shipping has opened the company’s first international office in Singapore to expand its business portfolio into the Asian market. Earlier this year, Asyad Shipping commissioned a new container line that connects Oman directly to Singapore and Malaysia to... more
Upgrade around the horn of Africa
Ocean Network Express (ONE) has upgraded its Maputo/Mombasa India Middle East (MIM) service, with weekly departures to start at the end of this month. In line with this change, ONE will be assigning more of its vessels to the MIM service. The increased frequency will begin... more
OOCL's next behemoth takes to the water
The joint venture between Cosco Shipping and Kawasaki Shipbuilding, Dalian Cosco KHI Ship Engineering in China has completed the new 24,000 tea container unit built for Hong Kong-headquartered carrier OOCL. The most recent ultra-large vessel has a total length of 399.99 m, a... more
Shanghai still ahead in 2022
In terms of throughput, Shanghai is again ahead of Singapore in 2022. Despite the pandemic shutdowns, the Shanghai International Port Group (SIGP) handled more than 47.3 million teu last year. While container volumes were volatile in Q2/2022, July set a new monthly high with... more
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