US patent for routing forecast tool
Athens & London-based Signal Group's forecasting algorithm "Carrier path prediction based on dynamic input data", has been awarded a US patent. The software tool is based on artificial-intelligence (AI). The algorithm, which has drawn inspiration from the field... more
Tanger Med's TC3 exploits full capacity
Tanger Alliance at the TC3 terminal in Tanger Med in Morocco has enhanced its equipment. The terminal has just received the final two of eight Liebherr ship to shore container cranes. They entered service in April 2021 and bring the operational capacity of the new terminal -... more
New East Africa service is on
The new East Africa Service 3 (EAS3) is now in operation. The sailings cover routes between China, South-East Asia, Kenya and Tanzania. The port rotation is the following: Shanghai ▪ Ningbo ▪ Nansha ▪ Singapore ▪ Port Kelang ▪ Mombasa ▪ Dar Es Salaam ▪ Port Kelang ▪ Singapore ▪... more
More exports go via Stockholm
Exports via the Stockholm Norvik Port container terminal keep rising, which is also due to the shortage of empty containers in Sweden. The access to empty containers at Stockholm Norvik has led to more export goods being shipped via Sweden’s new port. Logistics company... more
Wan Hai sets new sails
Shipping company Wan Hai Lines recently reported its results for Q1/2021. Wan Hai's revenue was up a significant 114% from Q1/2020, to TWD 38.62 billion (USD 1.37 billion), while net profit took a great leap of 157% to TWD 14.78 billion (USD 526.09 million). The Chinese... more
Memphis blockage of Mississippi over
The Mississippi River, which was blocked near the International Port of Memphis till Friday, has been reopened for barge traffic. The US Coast Guard emphasised that the shutdown of the waterways, which caused a backlog of more than 1,000 barges, is now over. Again it was a... more
Less emissions in ro-ro classes
An in-depth study, validated by Rina (Registro Italiano Navale), has been published on the energy efficiency index of ro-ro ships belonging to different classes. An assessment which evaluated CO2 emissions in terms of km per distance (nautical miles) and cargo capacity... more
Carriers sponsor climate change campaign
The skipper Boris Herrmann, whose Team Malizia gained notoriety in 2020 when he competed in the Vendee Globe 2020 ocean race while carrying the message “A Race We Must Win” on the sails of his yacht, signed an official partnership contract with carriers Hapag-Lloyd and Kuehne +... more
MOL Plus makes first strike
Founded in late April 2021, MOL Plus, a venture capital fund (CVC) firm owned by Mitsui O.S.K. Lines (MOL) has now chosen its first investment. The investment pool is JPY 4 billion (USD 36 million). The CVC’s first project is the “Real Tech Fund”, operated by Real Tech... more
Ikea banks on barges in Paris
Having won a bid for project sites organised by Haropa-Ports of Paris, Ikea France is setting up a logistics warehouse at Limay. The publicly owned site, approximately 160,000 sqm, will enable the Swedish retailer to develop a customer distribution centre covering around 72,000... more