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
Special shipment from South Korea to Poland
Hyundai Engineering contracted Deugro to 120,000 freight tonnes of petrochemical equipment, from South Korea and China to Police, Poland. The project in question encompassed a number of oversized and heavy lift (OSHL) units, including an 889 t and 96 m propylene-propane... more
A federal grant to cut emissions
In Florida, the federal department of transportation’s (DOT) maritime administration has awarded a grant of USD 23.5 million to support Jaxport's programme to reduce emissions with the sustainable solutions (express) project. This programme is a USD 47 million public-private... more
Major relocation in Yokohama to come
The Yokohama Kawasaki International Port Corporation (YKIP) and the CMA CGM Group have signed a reservation agreement for the Honmokufuto D5 container terminal in Port of Yokohama. This move is part of the preparations for the relocation of CMA CGM’s current container... more
Twelve sisters complete
It is the end of a long journey. The last of twelve hybrid ro-ro ships of the Grimaldi Green 5th Generation (GG5G) class was recently delivered from the Chinese Jinling shipyard in Nanjing. The “Eco Italia” flies the Italian flag, has a length of 238 m, a beam of 34 m, a... more