ZIM's new outlook on 2022 
For the Haifa-headquartered shipping company ZIM, business in Q1/2022 continued the previous year's trend. Unlike some other carriers, ZIM was able to grow its volumes by 5% compared to Q1/2021. The company's adjusted ebitda amounted to USD, 2.5 billion, while net profit reached... more
WCI on a stable high
Drewry's World Container Index moved sidewards (-0.1%) this week, maintaining the level of USD 7,648.18 per feu. A comparison with the same period in 2021 shows the difference. The WCI is 24.7% higher than the same week in 2021. In detail, freight rates on Los Angeles –... more
13 million boxes too much?
The transport time is the secret. The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the data provided by Hapag-Lloyd, looking at the development in both the size of the equipment fleet as well as the number of transported containers over the past... more
Maritime transition to new energies
The maritime transport sector is continuing its transition to new sources of energy for ship propulsion, according to data from the analyst Clarkson Research Services. Newbuilds are leading from the front. 63% of the GT tonnage ordered in 2022 belongs to ships that can be... more
Laurels for a green newbuilding
The ‘Auto Advance’, the Norwegian shipping line UECC’s first multi-fuel LNG battery hybrid PCTC, recently won the ‘Shippax Ro-Ro Technology & Environment Award’. The accolade, a trade award combining the ro-ro, ferry and cruise industries, was awarded at a ceremony that... more
Emissionless catamarans in Stockholm
The first two routes of a ground-breaking fast electric ferry, the ‘Beluga24’, have been set in Stockholm. Passengers travelling to and from the communities of Täby and Österåker will be the first to benefit from the vessel's high-speed, emissions-free technology The vessel... more
Corrigendum - Fiata calls for a turn of the tide on the seas
The FIATA HQ Meeting in Geneva, one of the annual gatherings of the global organisation’s 40,000 freight forwarders, is addressing one of the palpitant challenges, the vertical integration of the industry – by the carriers. President Ivan Petrov spoke of the “drastic misuse... more
A mixed picture in Hamburg
The Port of Hamburg witnessed different trends in the market In Q1/2022. While container handling rose by 1.8% to 2.2 million teu, total throughput declined by 2.8% to 31.2 million t. The sanctions against Russia that came into effect in March have not yet shown their full... more
Eimskip not affected by Russia's war
In Q1/2022, Eimskip also benefitted from the positive trends in the shipping industry. The group achieved good volumes in imports and exports to and from Iceland, progress in its trans-Atlantic services and a strong financial improvement in the Faroe Islands. Revenues went... more