More money for Nyshex 
Nyshex witnessed another funding round with an additional USD 15 million. The money came from existing investors. The investment was led by New Road Capital Partners, along with Collate Capital, Blumberg Capital and the New York Angels. The platform's technology is used by... more
Mixed picture for global container throughput 
The container throughput index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) rose by 1.6 points (seasonally adjusted) to 125.1 in May, according to the current flash estimate. The value of the Chinese ports'... more
DP World's expansion paying off so far
The first six months of 2021 were good to DP World. The port, terminal, logistics and short sea operator generated revenues of USD 4.94 billion (+21.3%), while net profit for the period rose to USD 585 million (+75,4%). In volumes, DP World handled 38.6 million teu over the... more
Bremenports invests in its infrastructure
The project has been approved. Bremenports can now begin the construction of the Columbus quay on schedule. Managing director Robert Howe: "We plan to start in October. This means that we can meet our goal and begin building the Columbus quay just after completion of the... more
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