An MOU for a Shanghai FTZ 
Port and terminal operator DP World has inked a memorandum of understanding (MOU) for an engagement in the Lin-Gang Special Area, a free-trade zone (FTZ) in Shanghai. The MOU was signed in a virtual ceremony with the Shanghai Lin-Gang Economic Development Group. DP World will... more
Finnlines going strong
Finnlines transported 572,000 cargo units, shipped 99,000 cars, and carried 514,000 private and commercial passengers from January to September 2022, generating a revenue of EUR 558.4 million, which is 31% up from the same period in 2021. The result for the reporting period... more
Ongoing expansion down under
Wisetech Global, the Australian developer of the logistics software ‘Cargowise’, has further extended its portfolio by acquiring Shipamax, a provider of data entry automation software for the logistics industry. The Shipamax platform was founded in 2016 and is headquartered... more
5G tests in Duisport
Work on a 5G test field in the port of Duisburg has begun. The objective is to test the semi-automated control of port cranes via mobile phone technology and to increase throughput without requiring additional space. Over the next two years the German state of North... more
Large investment by ADP
Abu Dhabi Ports (ADP), which operates ten hubs and terminals in the United Arab Emirates, has agreed to buy a controlling stake in Dubai-based Global Feeder Shipping (GFS), investing approximately USD 800 million to this end. This comes hot on the heels of ADP investing around... more
The deal is on
It was a long struggle, but the outcome is clear. Atlas, the holding with Seaspan as a major global containership lessor in its portfolio, has agreed with Poseidon Acquisition on the sale of its shares. Poseidon is a consortium which was formed for this purpose by certain... more
Behemoths on methanol
Sometimes it is not the seven dwarfs, but the seven giants. The Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco, has extended its orderbook. Seven newbuilds with dual-fuel methanol-compatible engines and a capacity of 24,000 teu each have been... more
NYK banking on Indonesian energy
It is a strategic agreement. The Japanese carrier NYK has now reached a basic agreement allowing it to invest in PT Pertamina International Shipping (PIS), a shipping subsidiary of the oil and gas company PT Pertamina (Persero) based in Indonesia. The parties are planning to... more
Ocean money for logistics investment
For A.P. Moller - Maersk (Maersk), Q3/2022 turned out to be just as bountiful as expected. Compared to the previous quarter, turnover rose by 37% and ebitda even increased by a whopping 60%. CEO Søren Skou spoke of the "16th consecutive quarter of year-on-year profit... more
A birthday brand is born
DCT Gdansk has changed its name to Baltic Hub. Celebrating its 15th anniversary this year, the terminal operator underlined that the name change testifies to its ambitions to become the major player hub in the region. Currently, it is investing heavily in its infrastructure,... more