Ship financing steady - so far 
The Petrofin index for global ship financing has registered its first rise in eleven years according to its report which was published in mid-September. This index was established in 2008 with a reference value of 100 points. After falling to its historical low in 2020 with... more
Great works in the Port of Shanghai 
A challenging project: the Port of Shanghai is investing 55 billion renminbi (about EUR 8 billion) in a new container terminal, Chinese media reported. The expansion is expected to amplify annual handling capacity to 60 million teu. The Shanghai Port Group also recently... more
How expensive is the Suez Canal?
The Suez Canal will become more expensive next year, with the Suez Canal Authority (SCA) in Egypt raising its transit tolls by 15% for all types of ship as from January 2023. Only bulk carriers and cruise ships will pay just 10% more than in 2022. This increase follows a 6%... more
Marine biofuel bunkering ship-to-ship a success
It's a first-timer: Total Energies Marine Fuels has completed the refuelling of a CMA CGM containership in Singapore with sustainable marine biofuel. The 4,300 teu “CMA CGM Montoir” was bunkered via ship-to-ship. The biofuel is made of Vlsfo (very low sulphur fuel oil)... more
Handling record at Abidjan's Terra terminal
The port of Abidjan’s ro-ro terminal Terra witnessed a weekly record between 22 and 29 August 2022, when it handled exactly 2,687 vehicles. The vehicles – mainly saloon and city cars or construction machines – were transported on the “Matorell” and “Pleiades Spirit” vehicle... more
Air and sea marriage sealed with a kiss
Atlas Air Worldwide's affiliate Atlas Air and MSC Mediterranean Shipping Company recently inked an agreement that enables MSC to expand its reach and capacity for its customers. Under the terms of the long-term ACMI (aircraft, crew, maintenance, and insurance) agreement,... more
More owls to watch the sea
Another funding round has been completed. The 2019-founded British start-up Cyber Owl raised USD 5.1 million in funding to support the accelerated adoption of their Medulla cyber risk monitoring solution. The need is there. Thetius, an independent maritime research... more
Transformation the key
Fortify data exchange and combine transports. Greek logistics providers have to reinvent themselves too, because the major economic trends won’t bypass Greece either, any more than the digital transformation of services will. The Global Maritime Agency’s Anthony Doukas has some... more
Milestone for Saudi port project
Hutchison Ports has inaugurated its Jazan facility in Saudi Arabia. The commission was granted in February 2021. In its first phase, the port will consist of three industrial berths, a single point mooring (SPM) facility for the Saudi Aramco refinery, and three commercial berths... more
Fourteen for Yang Ming
The latest addition to Yang Ming's fleet is the newbuild "YM trillion" with a capacity of 11,000 teu. The vessel is chartered from Shoei Kisen Kaisha and was built by Imabari Shipbuilding. The company ordered a total of fourteen 11,000 teu newbuildings through... more