ZCT becomes a weekly service 
Haifa-based shipping company ZIM is upgrading its ZIM Container Service Turkey (ZCT) to a weekly service, effective mid-May 2022. The transatlantic ZCT thus provides an enhanced connection between Turkey and the US East Coast. The port rotation, starting as of May 2022, will... more
Scandlines sails out of the storm
Compared to 2020, ferry operator Scandlines increased sales by 20% to EUR 328 million last year, retaining its ebitda margin at 41%. In 2021, the company’s two ferry routes on the Baltic Sea generated revenues of EUR 260 million (2020: EUR 216 million). While traffic figures... more
Duisport's look across the borders
The Duisport Group is looking back on an exceptionally good financial year 2021. At the company’s annual press conference, CEO Martin Bangen attributed this success in part to the company’s broad-based business model. Sales increased by 18.9% to EUR 346.8 million (2020: EUR... more
Rotterdam also feeling the impact
It has been a difficult start of the year for Rotterdam, too. 113.6 million t of freight passed through the port in Q1/2022, 1.5% less than the 115.2 million t in Q1/2021. While the throughput of mineral oil products and iron ore declined, the handling of LNG and other liquid... more
More LNG for Yang Ming
Taiwan-based shipping company Yang Ming will equipped five new 15,000 teu container vessels with dual-fuel LNG power. In a press release, Yang Ming described LNG as a "mature low-carbon alternative" to regular fuel, reducing each unit's gas emissions' footprint by 20%.... more
New TEX service to start next month 
Hamburg-based carrier Hapag-Lloyd will launch the new regular service Turkey East Coast Express (TEX) in mid May 2022. The weekly service will call the three Turkish ports of Izmit, Aliaga and Mersin and connect them eastbound with the US East Coast ports of New York,... more
DP World moving up steadily
DP World saw its throughput rising in Q1/2022. The operator handled a total of 19.3 million teu worldwide, with gross container volumes increasing by 1.7% year-on-year on a reported basis and up 1.9% on a like-for-like basis. Notably the terminals in the ports of Qingdao... more
Antwerp growing in all segments but one
In Q1/2022, the Belgian Port of Antwerp’s throughput declined slightly by 1.5% compared to the same period last year, amounting to a total of 58.3 million t. The container segment was particularly hit, its volume going down by 11.6% in teu. This is "partly the result of... more
Thor's hammer now part of the fleet
“Thor” has joined the fleet of Harren & Partner, a German shipping and logistics group. It is a 2010-built dynamic positioning (DP2) jack-up crane vessel designed to carry out maintenance projects at offshore wind energy plants as well as wind turbine installations. With... more
OOCL confirms the trend
Hong-Kong-based Orient Overseas Container Line’s results in Q1/2022 were in line with current developments in the shipping industry: revenues grew by 71%, while volumes went down. In its quarterly report, the liner spoke of "severe congestion around the network"... more