Hutchison Ports banks on Egypt 
The Egyptian government and Hutchison Ports recently enhanced their cooperation by initialling agreements for two new concessions to operate container terminals in Ain Sokhna Port and El Dekheila Port. Marking the event, an initialling ceremony was hosted by Mostafa Madbouly,... more
Hapag-Lloyd improving its fleet
The Hamburg-based carrier Hapag-Lloyd is set to launch its first retrofit programme in the next five years. The investment volume “will be in the three-digit million range”, the shipping line said in a media release. The goal is to modernise the technology of its existing... more
OOCL – profits up, newbuildings down
Hong Kong-based Orient Overseas Container Line (OOCL), which was taken over by Cosco in 2018, handled 7% less containers in H1/2022 than in the same period last year, that is to say 3.65 million teu, down from 3.93 million teu.The line’s revenues increased by 61% to USD 11... more
Valenciaport steaming ahead to cleaner operations
The latest fleet expansion of the Port Authority of Valencia (PAV) concerns 13 electric vehicles and four hybrid vehicles. This initiative is part of the gateway’s ‘Valenciaport 2030’ programme, a commitment to zero emissions.Furthermore, the PAV has put several charging points... more
LNG links NYK to Qatar
NYK has inked a long-term time-charter contract with Qatar Energy, the monarchy’s state energy company, for seven LNG carriers. The new sister vessels will be equipped with an X-DF 2.1 iCER and air lubrication system, both of which will contribute to a reduction of GHG emissions... more
Investments in South Carolina Ports
Works to upgrade of the Wando Welch Terminal at the Port of Charleston (South Carolina Ports) are coming to a close. The fifteenth and final crane was recently moved into position along the waterfront. With five cranes to a berth, Wando Welch Terminal is now capable of... more
Russia's fifteen projects in the Far East
According to information from the Russian news agency Tass, Russia’s Far Eastern seaports will be expanded. As statistics showed, the current annual cargo turnover of seaports in the Far Eastern Basin amounted at 131.2 million t (down 0.9% compared to the year before). It is... more
Hydrogen for luxury fashion in Venice
In Venice, Nippon Express Italia (NX Italy) has launched an eco-friendly delivery service using hydrogen-powered primarily to luxury fashion shops. These boats are equipped with removable hydrogen generators, and they emit far less carbon than gasoline and diesel engines. To... more
Wan Hai: more profit, new vessels
The Taiwan-based carrier Wan Hai saw its profits rise in Q2/2022 and is now investing in the expansion of its fleet. The liner's net profit rose to USD 1 billion in the second quarter, a significant uptick of almost 59% compared Q2/2023. Nevertheless, profits declined by 26%... more
Towing them with biofuels
Automotive carrier UECC is entering into a new partnership for decarbonisation with Svitzer, a subsidiary of AP Moller-Maersk. The companies have inked a three-year contract for Svitzer’s Eco Tow product that will see biofuels introduced on Svitzer tugboats performing towage... more