Work in Port of Bilbao continues 
Green light has been given for the expansion of the AZ1 dock in the port of Bilbao. The Port Authority has called a tender for enlarging the AZ1 dock, valued at EUR 28.8 million, and to be carried out in 18 months. The work will provide 231 m of new berthing and add 49,760... more
Relocating to Panama
It is a big shift. Svitzer Americas, a unit of the Maersk Holding providing towage and marine solutions, has been headquartered in Miami, USA, for many years, but in early 2020 it decided to move to Panama. The Panama Design Center (PDC) in Panama City is now welcoming its new... more
Return of the northern route? 
The cards are being reshuffled after the temporary blockage of the Suez Canal. The Arctic route is generating more interest. more
Jumbo and SAL team up
The joint venture of Jumbo Shipping, the Dutch maritime heavy lift transport and engineering contractor, and SAL Heavy Lift, the Germany-based breakbulk and project cargo company, becomes effective today, 16 April 2021. Combining their fleets and all commercial activities,... more
Panama keeps low profile
The Panama Canal Authority (ACP) has decided to postpone the planned price increases on canal transit fees which were due to come into effect in mid-April. This decision was influenced by a joint letter sent by the associations International Chamber of Shipping (ICS), Asian... more
The flood of the rare
Hapag-Lloyd is investing heavily and threefold in a basic raw material for the shipping industry: containers. The Hamburg carrier has ordered 150,000 teu from China – both dry boxes and reefer containers. The order is not brand-new, since some of the boxes were already... more
Italians side with the Spanish
Naples-based Grimaldi Group and Madrid-based Armas Trasmediterránea Group have inked a memorandum of understanding (MoU) for a programme of cooperation. The agreement secures the purchase of five ro/pax vessels and two terminals in the ports of Valencia and Barcelona by the... more
U-Ming secures USD 45 million loan
U-Ming Marine Transport Corporation, a publicly listed bulk carrier company headquartered in Taiwan, has secured its first sustainability-linked loan (SLL) of USD 45 million with E.Sun Commercial Bank. For this purpose, U-Ming underwent a rigorous due-diligence process that... more
Works in Felixstowe enter next stage
The terminal and port operator Hutchison Ports Port of Felixstowe has further enhanced its deep-water berth capacity following the completion of strengthening and dredging works to berth 7 on Trinity Terminal. Berth 7 – one of the Port of Felixstowe’s nine container berths -... more
A peak in Long Beach
While the run on the US West Coast ports continues, the Port of Long Beach achieved its busiest month and the second-best quarter in its history in March 2021. Although March is traditionally one of the slowest months in the shipping calendar, throughput amounted to more... more