Jaxport retains stable credit rating 
The port of Jacksonville, Florida’s largest container gateway, was pleased that Fitch Ratings recently confirmed the A rating of the port's approximately USD 130 million in outstanding revenue bonds. The credit rating agency issued the port with a ‘stable’ rating outlook.... more
Rhine ports steady the ship
The first quarter of this year went rather well for the Port of Switzerland, the operator of the Swiss inland ports on the River Rhine. The port authority’s three hubs handled 1.26 million t of goods in Q1/2021, 2.9% less than the 1.29 million t in the same period last year.... more
A ship management takeover
Columbia Shipmanagement (CSM) and Seatrans have set up a joint venture, called Stödig Ship Management. CSM said that the strategic partnership with the Norwegian shipowner and operator, which specialises in services for chemical tankers, ro-ro, offshore/energy as well as bulkers... more
Port of Douala gearing up for growth
Cameroon’s Régie du Terminal à Conteneurs (RTC) has ordered two Konecranes Gottwald harbour cranes. RTC expects the volume of cargo passing through the port of Douala to continue to rise, which is why it needs extra capacity in the terminal that handles most of Cameroon’s... more
ONE takes great leap in 2020
In 2020, Singapore-headquartered Ocean Network Express (ONE) generated a turnover of USD 14.4 billion, which is a significant 21.3% above the level of FY/2019 (USD 11,9 billion). Profit saw a peak with USD 3.5 billion, a multiple of the profit in the previous year (USD 105... more
Far East-UK traffic particularly hit
By the end of 2020, the cost of shipping goods from China to Northern Europe - one of the major trade routes - had quadrupled from levels at the start of the year. “The container crisis is increasing the pressure on British retailers and manufacturers at a time when... more
Circles in the sand in Brussels
Like the Port of Brussels, the Belgian football club Royale Union Saint-Gilloise cares about the environment and tries to contribute to a greener world. So the club decided to join forces with the Port of Brussels to organise the delivery of sand by river. After arriving at... more
Container flows on a stable high
The Container Throughput Index published by RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) shows a slight, seasonally adjusted increase from (revised) 121.4 to 122.6 in March. Overall, the indicator has thus been moving... more
More traffic for Cork
Naples-based Grimaldi Group in launching a twice weekly direct ro-ro service from the Irish port of Cork to Antwerp as from the second week of May 2021. The vessel deployed is the Italian-flagged ro-ro unit "Eurocargo Bari", which has a length of 200 m, a beam of... more
22 newbuilds for CMA CGM
Just like a number of other carriers, Marseilles-headquartered CMA CGM Group is ordering container vessels of three different sizes. Evergreen recently placed an order for 20 units, now the French group has contracted the China State Shipbuilding Corporation (CSSC) for 22... more