MSC carries on both shoulders 
Recently, Alphaliner pointed out that MSC is currently investing heavily in used vessels instead of newbuilds. In its race with Maersk over the title of the biggest global carrier, MSC has spent over a quarter of a billion dollars on second-hand container vessels. Based on... more
Share sale raises almost USD 100 million
For the first time since 2013, the Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has raised money by the equity offering of shares. The group achieved an output of PHP 4.7 billion (USD 97 million) from the sale of 40 million common shares of the... more
K Line welcomes newbuild
K Line has taken delivery of the “Cape Ace” 100,000-dwt bulker which was completed by Namura Shipbuilding, Imari Shipyard & Works. The vessel, compliant with the common structural rules for bulk carrier (CSR-BC), has wide shallow hull shape with six cargo holds which... more
Brexit on the other side of the channel
Normandy’s channel ports - Le Havre for Haropa and Caen-Ouistreham, Cherbourg and Dieppe for Ports of Normandy - have joined forces to help supply chain actors to be as ready as they can be for Brexit when it comes into force on 1 January next, producing a series of handy fact... more
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