ONE also expanding its fleet 
Another round of ten Very Large Container Ships (VLCS) is in the pipeline. The Ocean Network Express (ONE), headquartered in Singapore, recently inked two ship building contracts at the same time. One contract was signed with Hyundai Heavy Industries, the second with Nihon... more
New hybrids on Grimaldi's seas
It was of course Malta that hosted the breaking of the champagne bottle. The christening ceremony for “Eco Malta”, the latest ro-ro vessel delivered to the Grimaldi Group, took place in the port of Valletta. It is the sixth unit of a dozen hybrid sister ships belonging to the... more
Upgrade for Timor Port
New equipment has been acquired for the Tibar Bay deep sea port close to Dili, the capital city of East Timor. Timor Port, a subsidiary of Bolloré Ports, recently received two tugs, two STS gantries and four RTG gantry cranes. The delivery was made on a semi-submersible vessel... more
Index shows clear decline in China
In April 2022, the container throughput index published by the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) declined to 122.8 points from 123.3 points (seasonally adjusted) the month before, according to the latest flash... more
On how a carrier can buy back stocks
At its 2022 annual general meeting, Evergreen International, a corporate shareholder (4.96%) in Evergreen Marine, launched a request via its representative, lawyer Chu-chun Wu. He said that "Evergreen Marine should buy back stocks in the form of "treasury stocks"... more
Trois-Rivières managed 2021 well
Canada’s Trois-Rivières Port Authority (TRPA) has reported its 2021 results. The port, located at the confluence of the Saint-Maurice and Saint Lawrence rivers, welcomed 217 vessels, recorded cargo traffic of 3.9 million t and achieved a net profit of CAD 3.88 million (USD 3... more
Queuing up at the Panama Canal
According to data collected by Bloomberg, the number of vessels waiting to pass through the Panama Canal is rising. A week ago, there were 101 vessels waiting their turn to make the 64.5 km journey through the canal, six more than the average so far this year. The lockdown in... more
A new Asian-African link
A new African connection is on. Hapag-Lloyd is launching its new bi-weekly service Maputo Express (MAX) at the beginning of June 2022. The direct service will rotate between only three ports: Jebel Ali, Dubai, Mundra, India, and Maputo in Mozambique. The new link will thus speed... more
Green label in Gabon
The Owendo Container Terminal (OCT) in the port of Owendo in Gabon has been granted the Green Terminal label. The certification was issued after an audit conducted by Bureau Veritas in early May 2022. This audit includes the check-up of work procedures, building infrastructure... more
