Eimskip took the cake in 2021 
Iceland-based shipping group Eimskip has reported its figures for 2021. While revenues rose by a significant 32.1% to EUR 882.7 million (EUR 668.3 million in 2020), adjusted ebitda took a leap of 85% to reach EUR 114.3 million (EUR 61.7 million in 2020). The container liner... more
A new hub for shipbuilding?
The International Maritime Industries (IMI), a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries, and Columbia Shipmanagement (CSM) are widening the scope of their partnership. CSM’s maritime service portfolio, engineering expertise and network... more
From four to six sisters
The newbuild programme that AAL Shipping (AAL) launched with the initial order of four 32,000 deadweight (DWT) multipurpose vessels in November 2021 has now been extended. Classifying the new units as ‘Super B-Class’, the Singaporean liner designed the vessels jointly with... more
Eight for decarbonisation in Antwerp
Halving CO2 emissions by 2030: the initiative launched by a consortium comprising Air Liquide, BASF, Borealis, Exxon Mobil, Ineos 7, Total Energies, Fluxys and the Port of Antwerp aims to support the industry's efforts by establishing a joint CO2 infrastructure. The project... more
Stopgap or new approach? 
Retailers in the USA charter transport space most frequently. more
CMA CGM's second strike in Lebanon
Marseille-headquartered CMA CGM Group recently won the bid for the concession of the Beirut Port container terminal, which involves the management, operation and maintenance of the facility for a ten-year period starting in March 2022. The French liner already accounts for... more
Ro-ro activities return to Karachi
It's the new beginning of an old story. The Pakistan International Container Terminal (Pict) achieved a new operational milestone with its recent handling of Messina Line’s Jolly Quarzo, the first ro-ro vessel to call the terminal. This marks the resumption of ro-ro services at... more
K Line's new terminal in Yokohama
In April 2022, K Line and Daito Corporation will jointly launch the K Line Group’s first finished-vehicle terminal in Japan, at Yokohama. The Japanese shipping group leases the terminal from Yokohama Port Terminal Corporation (YPC) and operates it at Yokohama port, which is... more
Port of Barcelona celebrates strong recovery
The port of Barcelona looks back in joy on its business year 2021, attributing its success to its recovery plan and investments. On the one hand, the port was “a major player in the accelerated recovery of the economy and employment from the pandemic fallout,” said Damià Calvet,... more
2M and ZIM redefining cooperation
2M and ZIM have formally adjusted their operational cooperation agreement which is currently subject to regulatory approval. From 2 April 2 2022 onwards, ZIM and the 2M alliance partners will operate their joint services on the Asia – US East Coast (USEC) and Asia – US Gulf... more