OOCL's revenues keep rising 
Cosco affiliate Orient Overseas Container Line (OOCL), headquartered in Hong Kong, has reported its figures for Q3/2022. The revenues passed the threshold of USD 5 billion, a significant increase of 16.9% compared to Q3/2021 (USD 4.31 billion). Yet, cargo flows went down by... more
A butterfly for Morocco
CMA CGM’s short sea lines division is strengthening its links to the Maghreb. Its new butterfly Morocco shuttle service will commence as from week 45 between ports of Morocco, France, and Spain. The weekly service (starting ex Agadir on 10 November 2022) between Agadir &... more
For better navigation in Bahrani waters
The Middle East Navigation Aids Service (Menas) has signed an agreement with the Bahrain Ports and Maritime Affairs (PMA) to remove and replace three abandoned light beacons in the Northwest of Bahrain and to survey all Aids to Navigation (AtoNs) in Bahraini waters. The... more
Antwerp terminal earmarked for renovation
Nine long years lie ahead. The port of Antwerp-Bruges and PSA Antwerp have agreed on the comprehensive renewal of the quayside and facilities at the Europa Terminal. The work will be carried out in three phases and make the terminal fit for the latest generation of ultra-large... more
Igoumenitsa awards tender to a consortium
The bidding process is over and a consortium has won. It is made up of Grimaldi Euromed, Minoan Lines Shipping, and Investment Construction Commercial & Industrial, and they will now thus acquire a 67% stake in the share capital of Greece’s Igoumenitsa Port Authority. Their... more
Carl Büttner now British
London-headquartered Lomar Shipping, a maritime subsidiary of the British Libra Group, has acquired Bremen-based hitherto family-led Carl Büttner Holding (CB). The negotiations for the acquisition of the 166-year-old owner and ship management company started in Q4/2021 and... more
Europe’s network of the future 
Duisburg and Antwerp enter long-term partnership. Another step has been taken in the field of energy transition, hinterland connections and infrastructure. The inland port of Duisport and the port of Antwerp-Bruges have signed a long-term cooperation agreement. This will further... more
Situation on US inland waterways critical
According to Reuters, the water level of the Mississippi River is becoming more and more critical for inland navigation. A certain points, barges' queues are growing. Near Lake Providence, Louisiana, about 100 tow boats hauling some 1,600 barges were lined up waiting to pass... more
MSC extends service in Southern Pacific
The carrier MSC is extending its Noumea Express service in order to include the Fiji islands, due to market demand. This service will connect MSC’s global network to and from Lautoka and Suva on a fortnightly basis via Sydney/Brisbane, enhancing the company’s presence in the... more
Poseidon, ONE et alia going for Atlas
The takeover of Atlas Corp., the holding with Seaspan as a major global containership lessor in its portfolio, is around the corner. On behalf of a consortium composed of David L. Sokol, chairman of the board of directors of Atlas , certain affiliates of Fairfax Financial... more