MacGregor not to be sold 
The Nasdaq Helsinki-listed Cargotec has suspended its sales activities for its business line MacGregor. The company is also maintaining the conclusion drawn from its internal evaluation that "MacGregor will not be part of Cargotec’s portfolio in the future" and will... more
Two more calls for ships from Stockholm
Sun Line Shipping has launched a new service to call Rotterdam, Stockholm and Hull. In November, the shipping company, a subsidiary of Thor Svecon Group (TSG), increased its fleet and introduced the container ship “Perseus” on the route. The vessel has a 660 teu cargo capacity... more
A good year for ICTSI so far
The Philippines-based International Container Terminal Services (ICTSI) has published its unaudited consolidated financial results from January to September 2022. Revenues from port operations amounted to USD 1.64 billion, an uptick of 20% compared to 9M/2021 (USD 1.37... more
Matson feels transpacific drop
The Honolulu-based Matson Navigation Company recently reported its Q3/2022 results, disclosing its deployment strategy. Chairman and CEO Matt Cox spoke of "lower demand in the transpacific trade lane”. The carrier thus decided to end its temporary CCX service about six... more
Seven LNG carriers in a row
NYK affiliates have inked a long-term time-charter contract with Qatar Energy. Seven liquefied natural gas (LNG) carriers will be deployed for the state-run energy company. The shipbuilding contracts for the LNG carriers with a capacity of 174,000 cbm each go to the South... more
OOCL adds another triangle connection
OOCL has launched its new East Africa Express 5 (EAX5) service in the Asia – Africa region to extend its network coverage in the emerging markets. In addition to OOCL’s current loops EAX1 / 3 / 4, this complementary service will offer direct connections between India, the... more
An office in New Zealand
Haifa-based ZIM has launched its own agency in New Zealand, replacing the current third-party agent. The new office will be led by David Mitchell, the current country manager, who will now join the ZIM team. He will report to Danny Hoffman, ZIM EVP Intra-Asia. The new agency... more
From Gibraltar to Algeciras
GAC is opening an office in Algeciras. It is actually only the first of several new locations the company is planning to set up in Spain. The move, which comes three years after the opening of GAC Gibraltar, represents the latest step in the company’s European growth... more
Two new terminals in Deendayal
Green light for an extension project in Deendayal Port (formerly Kandla Port, India): a private-public partnership will invest approximately USD 720 million in two deep-water terminals in the gateway, 450 nautical miles north of Mumbai. One of the terminals will have an... more
60 e-tractors for Port of Long Beach
A new project is to replace diesel yard tractors at Long Beach Container Terminal with approximately 60 electric, human-operated yard tractors. The Port of Long Beach has announced that it will receive a USD 30.1 million grant from the US department of transportation to... more