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
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