ICTSI holds the fort 
Filipino port and terminal operator International Container Terminal Services, Inc. (ICTSI) has released its unaudited consolidated financial results for the first nine months of 2020. Revenues from port operations amounted to USD 1.1 billion, moving sideways compared to the... more
Intermodal link for French inland ports
Another step forward in the efforts to expand multimodal connections between ports in France: About a year after launching its operations between inland ports Rouen and Bonneuil-sur-Marne, Marfret's container rail service is expanding between Normandy and Ile-de-France with an... more
Krems with wind under its wings
Total throughput in the port of Krems an der Donau remained stable at around 1.1 million t from January to September 2020 (-0.5% compared to the previous year). River-based throughput increased by 30% to 416,000 t, which includes 200,000 t of bulk solids that are temporarily... more
The mega trip reborn
Chinese carrier Cosco Shipping has placed orders for seven new container vessels with a capacity of 23,000 teu each. The overall investment is estimated at USD 1.1 billion. Cosco's affiliate Orient Overseas International inked the respective agreements to build the ultra... more
Baltic service to UK launched
Northern England's Teesport has recently handled the “Balt VI”, a first vessel of the new cargo service operated by Containerships, an affiliate of CMA CGM, from the Baltics. The service from Klaipeda was launched in October and provides additional capacity for shippers... more
Bargelink and Timcocom team up
Bargelink, the marketplace for European inland shipping and the Freighttech company Timocom have formed a strategic partnership to combine their assets. Every month, around 700 barges and up to 200,000 t of freight are offered over Bargelink. In total, there are over 1,500... more
ONE improves results significantly
The wave of good news from carriers continues. Japan’s Ocean Network Express (ONE) reported a profit leap of 326% for the second quarter of its fiscal year 2020, which runs from April 1 to March 31. The Singapore-based container carrier said its Q2 profit came to USD 515... more
Pilot project in Algeciras
The Spanish Port of Algeciras has been running a pilot project in cooperation with Maersk Line, APMT, Marmedsa, and the digital platform portxchange to optimise port calls and thereby reduce emissions. The aim of the pilot is to improve the end-to-end port call process,... more
Steady course in Jacksonville
Florida-based Jacksonville Port Authority (Jaxport) has reported the results of its fiscal year 2020 that runs from 1 October till 30 September. About 1.28 million teu were handled, down 5% from 2019, which was a record year. Almost 547,500 vehicles crossed through the port,... more
Three Japanese carriers for Russian LNG
The Japanese shipping company MOL inked charter agreements for three icebreaking LNG carriers with LLC Arctic LNG 2, in which the Russian company Pao Novatek holds the largest share, through a wholly owned MOL subsidiary on 28 October. The three vessels will be built by... more