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
North Vietnamese terminal hits the mark
In Vietnam, Tan Vu terminals at the Hai Phong Port in Dinh Vu Industrial Park handled its one millionth teu in mid-November. While the ports in southern Vietnam tend to be the busiest, this is the first time a port in northern Vietnam has handled one million teu in a year,... more
Wartsilä: new ship technology for fuel conversion 
Technology group Wärtsilä is launching its two-stroke marine engines to future fuels with zero or low carbon emissions on the market in Q1/2022. MSC's fleet management division was a partner in this project. According to Wärtsilä, the new technology is "an important... more
PIL: earlier USD 1 billion payback
Record freight rates continue to impact the high sea shipping industry. In Singapore, Pacific International Lines (PIL) has announced that PIL will be making an early repayment to creditors who were subject to the scheme of arrangement (scheme) which PIL entered into as part of... more
Growth in seafreight to last until 2027
In a recent study, Dublin-based analyst Research and Markets reported that the global market for seafreight forwarding, estimated at 64 million teu in the year 2020, is projected to reach a revised size of 72 million teu by 2027. Packaging, one of the segments analysed in the... more