Singapore investment in US-American player 
The New York-based private equity firm Greenbriar is selling one of its assets to PSA International, a port and terminal operator headquartered in Singapore. Based on the agreement, 100% of the shares of privately-held BDP International change hands. The transaction is... more
UPM extends contract with Anker
Finnish company UPM-Kymmene Oyj, a major company in the bio, forestry, pulp and paper industry, has extended its contract for the handling of forestry products with Anker Schiffahrts-Gesellschaft, part of the Leschaco Group. From 1 January 2022, Anker Schiffahrt will... more
MOL deepens level of integration
On 30 November 2021, the Japan-headquartered shipping company MOL decided to acquire common stock of the Daiburu Corporation in Osaka and Utoc Corporations in Yokohama, respectively, through tender offers for the purpose of making both companies wholly-owned subsidiaries.... more
China's performance balancing world trade
The container throughput index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose from 122.3 points (seasonally adjusted) to 123.3 points in October, according to the current flash estimate. The Chinese... more
Evergreen pumps up volume
Taiwan-headquartered Evergreen Marine has ordered two new ultra large container ships of 24,000 teu. The container units will be built by China's Jiangnan Shipyard. The investment is valued at USD 320 million. Delivery dates have not made public so far. A 24,000 teu pair of... more
A closer look at financial highlights
It is well known that carriers are currently experiencing a boom with sky-rocketing financial results. The Copenhagen-based maritime consultancy Sea-Intelligence has analysed the financial and volume performances of the major carriers in Q3/2021. Due to record-high freight... more
Barcelona's innovation plan adopted
The Port of Barcelona’s management board has validated the port's innovation plan. The ultimate objectives of this roadmap, which includes the proposals set out in the Port of Barcelona’s fourth strategic plan, are to strengthen the role of the port as a driver for economic... more
CMA CGM: another big investment
CMA CGM has contracted the South Korean Hyundai Mipo Dockyard (HMD to build a series of ten 2,000 teu ice-class vessels. The vessels will run on dual-fuel engines and can therefore rely on liquefied natural gas. The order was said to be worth a specific USD 627 million.... more
First hybrid LNG battery PCTC enters service
A dual-fuel LNG battery hybrid PCTC, a technological innovation, has entered service for UECC. The maritime car carrier company took delivery of the vessel, to be named “Auto Advance”, being the first in a series of three newbuild pure car and truck carriers (PCTC) and measuring... more
Port of Brussels to more than double capacity
The Port of Brussels' board of directors have decided to extend the container terminal in the outer port. The current area of 16,700 sqm will be increased by 42,000 sqm, amounting to a total area of nearly 60,000 sqm. This decision comes as the current terminal has reached... more