Seaspan's growing order book 
The Hong Kong-based Seaspan Corporation, an affiliate of the Atlas Corporation, is planning to acquire more newbuilds. Its agreement with "a major shipyard" that was not specified, includes the order of four 7,700 teu dual-fuel liquefied natural gas containerships. The... more
Jacksonville's deepened channel is wide open
Jacksonville (Florida) recently celebrated the completion of the Jacksonville Harbour deepening project. Covering 13-miles (21 km), the project is also funded by the US federal authorities. The federal shipping channel was taken down to a depth of 14.3 m from its previous... more
175 candles on the cake
These are early congratulations, since the first founding of the future Hapag-Lloyd took place on 27 May 1847 – almost exactly 175 years ago. Shipowners and merchants in Hamburg created the Hamburg-Amerikanische Packetfahrt-Actien-Gesellschaft (Hapag) that day. It was not... more
Big investment for Panama
It's a big deal: Notarc Management Group (NMG), a Latin American-focused private investment and asset management firm, which launched its Panama Development Fund (PDF) last year, is going to acquire and accomplish the Panama Canal Container Port (PCCP), a USD 1.4 billion modern... more
The return of the idle fleet?
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... more
More containers down the Rhine
In Q1/2022, throughput at the Swiss Rhine ports was just under 1.2 million t, 7.8% below Q1/2021 (1.26 million t). The big winner was the container sector with almost 37,000 teu (+31%). Export traffic recorded an uptick of 13.2% to 243,292 t, while import traffic, which is... more
Sustainable laurels for Valenciaport
Environmental sustainability is today's battle cry. In this context, the Port Authority of Valencia (PAV) has won a prize at the World Sustainability Awards, the “port Oscars” in environmental matters, granted by the International Association of Ports and Harbours (IAPH) in... more
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