HMM also sees the tide turning 
South Korea-based carrier HMM has reported its 2022 results as the last of the big shipping companies in line. Revenues of USD 14.5 billion (+34.7% compared to 2021) stood against a net profit in 2022 of USD 7.9 billion, an increase of 34.8%. Despite a 3.5% decline in... more
More capacity on Belgian-British route
The shipping line P&O Ferries is chartering additional capacity from Finnlines. The two companies are joining forces to respond to the demand of trade flows between Belgium and UK on the Zeebrugge-Teesport route. The Finnlines vessel “MS Finnpulp” will be chartered for... more
Vessel S&P service backed by Baltic Exchange
Squire Patton Boggs (SPB), a Cleveland (OH, USA)-based international law firm with 42 offices in 20 countries, has partnered with The Baltic Exchange, owned by the Singapore Exchange (SGX) Group. The contribution of the company, which achieved a turnover of over USD 1... more
World fire impacts Hamburg
At the presentation of its 2022 results, Germany's biggest port said that "in 2022, international crises impacted the Port of Hamburg’s seaborne cargo throughput." In total, Hamburg's terminals handled 6.8% less than in 2021, with volumes amounting to 119.9 million... more
Tailwind aiming at the niches
The shippers' experiment continues. Tailwind Shipping Lines, the liner of the German retail group Lidl, is launching its second Asia-Europe service. It is named Tiger Express (TEX), after the Bengal tiger, the national animal of Bangladesh. The new offer follows the inauguration... more
Laurels for FLS at the BB Middle East
The UAE-headquartered project forwarder Fleet Line Shipping (FLS) has again won Hapag Lloyd’s highest customer award for break bulk and OOG cargo - for the sixth consecutive year. Active for more than 18 years, FLS provides logistics services also involving its own NVOCC Line... more
A vision for Melbourne
The Philippines-based port and terminal operator International Container Terminal Services (ICTSI) has outlined its future vision for the Victoria International Container Terminal (VICT) at the Port of Melbourne. The operator is planning an investment of AUD 500 million (USD... more
New shuttle service in East Med
Singapore-headquartered Ocean Network Express (ONE) is launching a new service, the Israel Express (ILX). This weekly Israel shuttle will connect Israel to the hub of Damietta in Egypt. The service was created in response to the growing demand for both import and export... more
A mixed bag for the port of Brussels
The inland port of Brussels experienced a slight drop in its waterway traffic in 2022, while container throughput set a new record. With nearly 6.8 million t transported by inland ships at the port of Brussels, port activity in Brussels is 5% below the results of 2021 (7.1... more
More than 70 million t annually
The Mediterranean Port of Barcelona handled 70.9 million t of freight in 2022, almost 7% more than in 2021. With this throughput, the port passed the throughput threshold of 70 million t for the first time, handling even more cargo than before the pandemic. The previous record... more