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 The initiative launched by A.P. Moller-Maersk and its tech partner IBM will be withdrawn from the market.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
Negative impact on world trade
In October 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) declined sharply to 120.8 points from the 124.2 points (seasonally adjusted) registered the month before,... more
Low waters leaving their mark on the Rhine
For 9M/2022, the Swiss Rhine ports (SRH) posted a throughput result that is almost a quarter (24.5%) behind the comparable period in 2021. In addition to the effects of the war in Ukraine, traffic flows were held back by the prolonged period of low water in late summer. This led... more
Ammonia import terminal rises from the waters
The Port of Antwerp-Bruges is planning to open its new import terminal for sustainable ammonia by 2027. To assist with the import and storage of green energy and raw materials, the companies Fluxys, Advario Stolthaven Antwerp and Advario Gas Terminal are pooling their expertise... more