Turn Services acquires Bayou 
Turn Services, which offers marine related services for waterborne transportation of cargoes for the dry cargo and petrochemical segments, is taking over Bayou Fleet from the Durant family. Located on the Lower Mississippi River in Hahnville, Louisiana, Bayou Fleet provides... more
Levant next goal for CMA CGM
Marseille-based CMA CGM is launching a standalone NC Levant weekly service from the port of Southampton in the UK, connecting northern Europe with the Eastern Mediterranean and Levant region from 8 January 2021. The NC Levant Express will deploy five vessels with capacities... more
Nova Marine acquires another vessel
Lugano (Switzerland)-based shipping company Nova Marine Carriers has acquired another handy size bulker. The company finalised the purchase of a 37.000 dwt handy-size bulk carrier that has been renamed “Sider Supreme”. Delivered by the Japanese yard Minami Nippon in November... more
Great expectations in Gothenburg
The Swedish Port of Gothenburg has embarked on the building of a new terminal, the largest port expansion since the 1970s. Dredged material is currently being reused as filling material in the construction of the port´s next major investment. Since autumn 2018, 1,500 piles... more
Just a short-term trend? 
Rising freight rates, little free charter capacity, low bunker prices – developments are positive for major container shipping lines, despite the pandemic. It remains to be seen whether the trend will continue. An analysis was provided recently by Falk von Seck, professor for... more
Baltic Rail Gate sets the mark, again
Baltic Rail Gate (BRG) was able to handle the 100,000th load unit at its terminal recently. Like many other logistics companies, the subsidiary of the Lübecker Hafen-Gesellschaft (LHG) and the Frankfurt-based Kombiverkehr looks back on a difficult year. “In April and May we... more
Baltic Exchange assists investors
The Baltic Exchange, one of London's oldest institutions and an affiliate of Singapore Exchange (SGXL.SI), has launched a new service for shipping investors that provides a snapshot five-year view of the financial prospects for dry bulk carriers. The Baltic Exchange Investor... more
Joint action for safety at sea
Prevention at Sea (PaS) and KPMG in Cyprus have signed a memorandum of understanding (MoU) with the aim to jointly design, develop and promote services and products that reduce safety risks to the maritime industry and ensure a safe business environment. The MoU was signed... more
BCT to push combined transport
In Poland, the Baltic Container Terminal (BCT) in Gdynia has joined the EU-backed ‘Comodalce’ project, which fosters further railway solutions. BCT has taken measures that have lifted its intermodal rail traffic to around 30% of its annual container throughput.The terminal... more
In carriers’ seventh heaven
In line with many other shipping lines, Hapag-Lloyd has raised its forecast for financial 2020 on the basis of a better-than-expected business performance in the ongoing Q4/2020. The group expects an ebitda of EUR 2.6–2.7 billion (up from EUR 2.4–2.6 billion) and an ebit of EUR... more