Maersk reshuffles its brands 
Having posted stronger-than-expected results for Q2/2020, tripling its net income to USD 443 million in comparison to USD 153 million in Q2/2019, Maersk is redesigning its portfolio. The Safmarine and Damco brands will be fully integrated and no longer marketed by the end of... more
New Japanese tugs for Indian ports
The fourth in a series of 13 tugs, built by Kanagawa Dockyard in Kobe, Japan, has been delivered to the multinational Adani Group, headquartered in Ahmedabad in India. The Indian Register of Shipping (IRClass) praises the successful delivery of tug, "Dolphin" No.... more
Calling Cork
Containerships, an affiliate of CMA CGM, is adding a call to the Irish Port of Cork. This enhancement to the Beni service starts on 1 September. This direct short sea connection links Cork further to Rotterdam. The intermodal network connections via Rotterdam include not... more
Swire's new vessel in the Pacific 
Swire Shipping deploys the “Chefoo”, its new 2,400 teu vessel, on its South East Asia service. This service connects South East Asia to Papua New Guinea and Solomon Islands. Jeremy Sutton, general manager, Swire Shipping, commented on the new deployment: “Communities in the... more
Port of Lübeck feels the impact
All in all, the Lübecker Hafen-Gesellschaft mbH (LHG) lost around 8% of its throughput in H1/2020 compared to the strong first half of 2019. However, the picture is more diverse. While trucks and trailers declined by 10%, the drop of cargo volumes in the general cargo, heavy... more
Cosco Ports out of the doldrums?
The terminal and port operator Cosco Shipping Ports (CSP) reported its interim results for the six months ended 30 June 2020 on an ambiguous note. While revenues dropped to USD 452.7 million (-12.6%) in comparison with the same period last year, gross profit suffered a... more
Panama Canal extends relief measures
The trend is pointing upwards: after weak months of May and June, transits at the Panama Canal climbed from 845 in June to 933 in July, and August is showing a similar curve. As the Covid-19 pandemic continues to impact the global economy, the Panama Canal is extending its... more
Port of Brussels only partially hit
It is not surprising that the waterway traffic at the Port of Brussels felt the impact of the global health crisis in the first half of 2020. Thus, clean traffic fell by 13% for the first six months of 2020 (while 2019 was a record year for Brussels port activity), showing a... more
A favourable H1/2020 for OOCL
The Hong Kong-headquartered Orient Overseas (International) Limited Group (OOIL), which was acquired by Cosco Shipping in 2018, recently reported its results for H1/2020. Remaining in the black, the group achieved a profit of USD 102.1 million, compared to USD 139.0 million... more
Recent sales in the Swiss maritime fleet
The Geneva office of the law company Holman Fenwick Willan (HFW) has reported having been involved in the sale of almost half of the entire Swiss maritime fleet. HFW advised Swiss shipowner Massoel Shipping on eight separate vessel sales, representing 40% of all... more