2021 a strong year for HHLA 
The revenues of Hamburger Hafen and Logistik AG (HHLA) increased by 12.7% to almost EUR 1.5 billion in 2021 (EUR 1.3 billion in 2020), despite the effects of the pandemic and the war in Ukraine. The group’s operating result (ebit) leapt to EUR 228.2 million, compared to the... more
More Californian container handling
The Port of Long Beach and the Port of Los Angeles have delayed their consideration of the “container dwell fee” until 25 March - and probably further. Still, the San Pedro Bay ports – Long Beach and Los Angeles combined – have seen a 64% decline in aging cargo on the docks... more
UK-Cherbourg link in the making
A new multimodal terminal is being planned for the port of Cherbourg. The hub is scheduled to start operations in 2024. It will link the South West of France to UK via Cherbourg. The project will involve Brittany Ferries building a railway terminal in Mouguerre (Greater... more
The Bahamas go for South Korea
The Bahamas flag registry is exploring growth opportunities in Asia. To this end, it has created a representation in South Korea through an agreement with marine and logistics provider Ben Line Agencies. Captain Jahangir Hussain, regional director for Asia, commented: “South... more
How bad is the situation in Shenzhen?
In its recent analysis, Chicago-based software developer and intelligence provider Four Kites reports that China’s zero-Covid policy is having a severe impact on the supply chains across the country. At Shenzhen, normally the country’s second busiest port, a trend of sharply... more
Wan Hai's next investment
Demand for maritime cargo capacities remains high, with prices still soaring. The German Danz und Tietjens Schiffahrtsgruppe sold a vessel to the Chinese liner Wan Hai for almost USD 110 million. The German company had bought the 5,500 teu unit “Allegoria”, which was built... more
Maritime cyber security still underestimated
In a recent report, maritime consultant Cyber Owl and law firm HFW found that where cyberattacks in the maritime industry result in the payment of a ransom, shipowners pay more than USD 3 million on average to the perpetrators. The research is based on a survey of more than 200... more
ME4 adds King Abdullah Port calls
Maersk’s ME4 service, which links the Middle East to Europe, has extended its port rotation by adding a call at King Abdullah Port (Saudi Arabia). The Danish carrier has thus brought its maritime service closer to its 100,000 sqm warehouse in the Saudi Arabian Port. Maersk’s... more
Shore power in Rotterdam operational
A partnership of three – Eneco, the Port of Rotterdam Authority and Heerema – has implemented a shore-power project. It allows vessels to switch off their engines in the port and plug into the electricity grid for their energy supply. The connection, built by Heerema, Eneco... more