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
First hybrid vessel delivered to Finnlines
It is the first vessel to be delivered to Finnlines as part of its EUR 500 million newbuilding programme - and an ecological leap forward. “Finneco I”, a hybrid ro-ro vessel planned and ordered in 2018 with two ro-ro vessels, was built from June 2020. The construction of the... more
Newbuild's first call in Rostock
The new ro-pax ferry "Nils Holgerson" has called at the overseas port of Rostock for the first time. The newbuild from China will be used by the ferry company TT Line in triangular traffic between the German ports of Travemünde, Rostock and the Swedish port of... more