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
Enhancing ship management in Saudi Arabia
Columbia Ship Management has entered into a joint venture with Spectrum Group, which is based in Khobar on the coast of the Gulf in Eastern Saudi Arabia, with the aim to create a new, technologically advanced ship management service for Saudi Arabia and the neighbouring Middle... more
Second PCTC runs on LNG and battery
UECC's second LNG battery hybrid pure car and truck carrier (PCTC) has hit the water. It is also the second out of three LNG battery hybrid sistership newbuilds at the Jiangnan Shipyard in China. Hull number H2664 was launched at the Shanghai yard on 16 August. Time is up:... more
Omani takes next step on the seas
MOL and Asyad Shipping have welcomed the appointment of the first Omani captain to serve on board an LNG carrier jointly owned by the two shipping companies. The Japanese line MOL has played a role in supporting the development of Oman’s shipping industry since 2003, when... more