Finnlines growing in these difficult times 
Traffic in the Baltic Sea started well in 2022. In Q1/2022 the Finnlines Group reported revenues of EUR 157 million (124.1 million in Q1/2021), an increase of 27% compared to the same reporting period in the previous year. Cargo volumes also surpassed 2021’s level and revenues... more
Laurels for port software provider in Santos
The software firm T2S Tecnologia has received a ‘Brazil Quality Summit 2022’ international award, in the category ‘Brazilian company of the year’. The honour recognises the 19 years of sterling IT services focusing on the port sector provided by T2S. The award will be handed... more
U-Ming Marine investing for Taiwan
The U-Ming Marine Offshore Company (Umo), a Taiwanese joint venture, has acquired two second-hand crew-transfer vessels (CTVs). The JV between the U-Ming Marine Transport Corporation, established in 1984, and World Marine Offshore, from Denmark, completed their reflagging... more
Cosco still doing fine?
The first quarter of 2022 could be the calm before the storm for Cosco Shipping Ports. Throughput moved sidewards compared to Q1/2021, amounting to 30.3 million teu, a slight increase of 0.3%. Yet, revenues surged by 21.4% to USD 329.7 million on the back of "effective... more
Stockholm increases throughput in first quarter
The Swedish Ports of Stockholm performed well in Q1/2022. Container and bulk throughput soared strongly by 16 and 19%, respectively, compared to Q1/2021. Ro-ro transport saw a rise of 73,000 t of freight, up 4% from Q1/2021, due to the introduction of two new ro-ro routes.... more
A good year for international agent
The Pérez y Cía. Group, which was founded as a maritime agent in 1853 in Santander, Spain, has reported its results for 2021, posting revenues of EUR 377 million and an ebitda of EUR 56 million. After a management reshuffle in 2019, the group has diversified its operations,... more
Spanish Ports growing less
According to data published by the Puertos del Estado, the Spanish state ports handled 133.1 million t of goods in the first quarter of 2022, 5.1% more than in Q1/2021. All in all, growth rates declined over Q1/2022 (from 9.4% in January to 8.6% in February). Containerised... more
Maersk explains withdrawal from Russia
How does a big logistics player get out of its Russian and Belarussian business? Maersk has now explained its line of action. The carrier's offices in Far East Russia, Novorossiysk and Kaliningrad are expected to close down during the summer of 2022. The Saint Petersburg and... more
Another unit on the Baltic Sea
A new ship is operating on the Baltic Sea route between Rostock and Nynäshamn. The ro-ro unit M/S “Eliana Marino” completed its premiere voyage on 25 April for Hansa Destinations, which is a subsidiary of the Swedish Redder AB Gotland. With twice the cargo capacity, there... more
MSC wants more
Clarksons reports that the Mediterranean Shipping Company (MSC) has ordered its next round of container newbuilds. This time, the Swiss shipping company has opted for wharfs in both China and South Korea to build 14 LNG capable units with a capacity 8,000 teu and six vessels of... more