Global Ship Lease's figures and charters 
London-based Global Ship Lease recently reported its latest results. On 30 August 2022, the average remaining term of the company’s charters was 3.1 years on a teu-weighted basis. Contracted revenue on the same basis was USD 2.4 billion. Overall, contracted revenue was USD 2.8... more
Navigation from space
The Grimaldi Group has received the green light for the GSAB (Grimaldi Satellite Assisted Berthing) project. The European Space Agency (ESA) has assigned the group a navigation innovation and support programme (Navisp) with the contribution of the Italian Space Agency (ASI)... more
Empties take their toll
A new container yard for empties has opened in the Port of Shanghai. It is intended to help the Shanghai International Port Group (SIGP) tackle the flow of empty containers. Located in the Yangshan Special Comprehensive Bonded Zone, the yard is expected to handle a... more
Gdansk to open new deep water quay in 2024
DCT Gdansk, the container terminal in the Baltic Sea and a member of the PSA Group, ordered ten new semi-automated rubber tire gantry cranes (ARTG) from Konecranes. The company has also committed itself to retrofitting its current fleet of 15 Konecrane RTG cranes. Further... more
Design for ship running 100% on hydrogen
Aurelia Green Ship Concept Design has won the Certificate of Approval in Principle issued by Rina for a ro-ro cargo vessel with electric propulsion using highly compressed H2 as fuel. Rina was founded in Genoa in 1861 under the name Registro Italiano Navale, one of the... more
Antwerp-Bruges-Duisport
German inland port Duisport and the Port of Antwerp-Bruges recently inked a long-term partnership. Both CEOs, Duisport's Markus Bangen and Antwerp-Bruges' Jacques Vandermeiren, sealed the collaboration in the presence of Flemish prime minister Jan Jambon. Both ports plan to... more
Fresh money for Wallenius Wilhelmsen
In Q2/2022, Wallenius Wilhelmsen saw its revenues grow by 4.0% to USD 1.19 billion, driven by shipping volumes and fuel surcharge revenues. Ebitda amounted to USD 311.0 million, more than doubling the ebitda of Q2/2021 and on par with Q1/2022. Global supply chain issues... more
Felixstowe getting worse
Peter Williams, trade flow analyst at Vessels Value, recently gave his assessment of the current difficulties in the UK’s supply chains: Due to the continuing disagreement between the Port Operator Hutchinson Ports and their dockers in Felixstowe, congestion at the port have... more
Quicker turnarounds in Subic Bay
Subic Bay International Terminals (Sbitc) is deploying four additional rubber tired gantries (RTG) to enhance its landside operations to support growth prospects in North and Central Luzon in the Philippines. The terminal has an annual capacity of 600,000 teu. Scheduled for... more
New Orca generation on the attack
Heavy lift and project cargo carriers the German SAL Heavy Lift and Dutch Jumbo Shipping have inked agreements for four newbuilds and two optional new generation heavy lift vessels. The vessels will be built at the Wuhu Shipyard in China. SAL Hea vy Lift and its partner Jumbo... more