First quay cranes arrive in Papua New Guinea 
South Pacific International Container Terminal (SPICT), a unit of International Container Terminal Services Inc (ICTSI) located in the Port of Lae, can now handle larger box ships, thanks to the arrival there of two new ship-to-shore cranes, the largest port-handling equipment... more
Deepwater port operational in Timor-Leste
Tibar Bay Deepwater Port, a new port that will improve logistics services in Timor-Leste and develop into a regional transhipment hub, was officially inaugurated recently. The first public-private partnership in the country is in line with current developments in the maritime... more
Ammonia-powered vessel on the horizon
K Line has revealed that it has teamed up with the Itochu Corporation, the Nihon Shipyard Co, the Mitsui E&S Machinery Co and NS United Kaiun Kaisha and together they have obtained approval in principle from the Nippon Kaiji Kyokai classification society to design an... more
Saab stepping back from port management
Saab is selling most of its shares in Maritime Traffic Management (MTM), a provider of management solutions for vessel traffic, ports and terminals. The shares will be purchased by funds advised by Agilitas Private Equity, for an enterprise value of approximately EUR 40 million.... more
A shipping platform to vanish
Trade Lens’ days are over. The initiative launched by A.P. Moller-Maersk and its tech partner IBM will be withdrawn from the market. “Trade Lens was founded on the bold vision to make a leap in global supply chain digitalisation as an open and neutral industry platform.... more
E-power for inland navigation in Brazil
Hidrovias do Brasil has commissioned a new project to retrofit its push-barge ‘Herkules V’, to improve efficiency, reduce emissions, and lower operating costs in its inland shipping services in Brazil. The Finnish technology group Wärtsilä will carry out a major re-powering... more
A new service to call in Egypt?
New options for goods traffic between Egypt and Russia are currently under negotiation. Andrey Severilov, chairman of the board of directors of the Fesco Transport Group, is in contact with Yasser Moustafa, the head of the commercial bureau of the Egyptian embassy in Russia, to... more
GAC is in love with Sweden
The Middle East-based GAC Group has acquired Finland-based ESL Shipping's Swedish subsidiary Norra Skeppningsgruppen (NSG). This is already the second Swedish ship agency purchased by GAC in 2022. The transfer of NSG to GAC Sweden was completed at the beginning of December.... more
IGS service to roll
The Ocean Network Express (ONE) is launching a new weekly India Gulf Service IGS to connect India to/from UAE. With this new offer, ONE is responding to a rise in demand due to the increase in trade between the two countries after they signed the comprehensive economic... more
New York-New Jersey on track
The US Port of New York and New Jersey (Panynj) is also benefitting from the shift of cargo flows from the West to the East Coast. Altogether, about 19% more cargo was handled in October 2022 compared to the same month in 2021. Yet, volumes fell by 5.9% compared to September... more