Energy as a critical factor 
Pursuing a four-pronged strategy to transform energy use and to reduce emissions. CMA CGM is seeking to link the transition to new propulsion and fuel options with its decarbonisation strategy. Over the next five years the carrier is set to pour USD 1.5 billion into research... more
Fresh cash for Xeneta 
Xeneta, an ocean and air freight rate benchmarking platform headquartered in Oslo, has completed another investment round. USD 80 million were raised by Apax Digital, the growth equity arm of Apax, with participation from New York-based Lugard Road Capital. This investment... more
Barcelona coalition for sustainable shipping
The Port of Barcelona and the main operators in the cruise sector, both cruise companies and terminals, have agreed to create a working group to speed up the connection of ships to the general electricity grid once they are docked, using clean energy that is certified 100%... more
A new stakeholder for the Spinelli Group
The Genoa-headquartered Italian Spinelli Group is selling part of its shares to Hamburg carrier Hapag-Lloyd. The German container liner-shipping company will acquire a 49% stake in the Spinelli Group from existing shareholders, while the Spinelli family will continue to hold the... more
A future for the port of Belawan
According to Reuters a new partnership has been set up to jointly develop the Belawan New Container Terminal (BNCT) in Sumatra. The partners are the Indonesian state-owned port operator Pelindo, a consortium based on the country's sovereign wealth fund INA and the Dubai-based... more
Hybrid initiative in the ro-ro segment
New hybrid ships are set to enter the ro-ro segment. The logistics and shortsea shipping provider and terminal operator CLDN and the Finnish technology group Wärtsilä have jointly developed a new hybrid design for two new ro-ro vessels. The propulsion arrangement is such that... more
Pirates high and dry in Somalia
Piracy’s threat to global shipping is dwindling, at least in the coastal areas of Somalia. Six international shipping organisations consider the Indian Ocean to no longer be a high-risk area, as there have been no attacks on merchant vessels off Somalia since 2018. Thus the... more
Port luck for Buenaventura
Colombian port welcomes new lines and new investors. Maritime links between the Far East and Latin America have once more improved, thanks to Yang Ming, Wan Hai and PIL, amongst others. North American investors, in turn, have spotted the potential around the Panama Canal on the... more
LNG to China via MOL
Tokyo-based MOL is focusing on its LNG activities. Through a wholly owned subsidiary, the carrier signed a long-term charter contract for three newbuilding LNG carriers with ENN LNG (Singapore). The ENN holding’s headquarters are in Langfang City in Hebei Province, China.... more
Medgulf sails on 29 September
CMA CGM will be starting its new Medgulf service at the end of September 2022, connecting Southern Europe, North Africa, the US Gulf and Mexico. Six container vessels will be deployed. The service will call at Tangier, Genoa, Valencia, Miami, Veracruz, Altamira, Houston and... more