New link from Tec Plata to Brazil and Asia
Philippines-based International Container Terminal Services Inc's (ICTSI) subsidiary in Argentina is working with a port administrative entity to launch a new feeder service to connect the re-opened Port of Santa Fe to Brazil and Asia. Through its partnership with the Santa... more
Maersk running on methanol
The obligation to reduce the emissions of cargo vessels continues to influence the shipping industry. The next row of vessels to be built by Hyundai Heavy Industries (HHI) for Maersk with a nominal capacity of approx. 16,000 teu each have a specific feature. All eight... more
After Rotterdam, it's Hamburg
Singapore-headquartered Ocean Network Express is opening a dedicated container depot in the Port of Hamburg in partnership with Universal Container Services (UCS), following the companies' joint activities at their dedicated ONE depot in Rotterdam, which came on stream in 2019.... more
Run on newbuilds continues
The next tsunami of new vessels is on the horizon. Industry service Alphaliner reports a run on newbuilds in H1/2021 by shipping lines, non-operating owners, investment banks and lessors alike. In fact, orders for about 300 vessel to be built at wharfs in China, South Korea and... more
Records also for OOIL
The first six months of 2021 were good to the Hong Kong-based Orient Overseas (International) (OOIL), a Cosco affiliate and the holding company of the liner Orient Overseas Container Line (OOCL). Profit in H1/2021 amounted to USD 2.8 billion, the group's best result so far.... more
More Seafrigo in Antwerp
The joint venture that Le Havre-headquartered Seafrigo’s recently launched with Antwerp Cold Stores to form the basis for its new LCL (less-than-container) reefer service between the Belgian city and New York City, is growing. The company has therefore decided to further expand... more
A form of distress at sea
The tune is well-known, as it’s being played over and over again. The world’s major carriers aren’t only maximising profits thanks to exploding prices, whilst putting in questionable performances, but have also not adjusted their fee structures to the exceptional situation. more
Gothenburg's traffic recovering slowly
Freight volumes are coming back: Sweden’s Port of Gothenburg handled 411,000 containers in H1/2021 – an increase of 2% compared to the same period in 2020. The addition of new rail destinations in the spring supported the growth of intermodal hinterland traffic. In H1/2021,... more
DP World strengthens Jeddah
DP World has ordered more than 80 Kalmar Ottawa T2 terminal tractors for its South Container Terminal (SCT) in Jeddah Islamic Port. The delivery of the equipment is scheduled for Q2/2022. Jeddah Islamic Port is the largest port in the Kingdom of Saudi Arabia and a major... more
India revises inland navigation law
The ship classification society Indian Register of Shipping (IRClass) helped draft the inland vessels bill which was recently passed by the Indian parliament. The inland vessels act 2021 repeals the earlier inland vessels act 1917, which required major revisions, and is... more