Hapag-Lloyd weathers H1 well
The Hamburg-based carrier Hapag-Lloyd improved its financial result significantly in H1/2020, but lost volumes. While revenues rose by 2,5% to EUR 6.4 billion (EUR 6.2 billion in H1/2019), earnings before interest and taxes (ebit) surged by 14% to EUR 511 million, thereby... more
Weekly Tarros Line East Med service
The Tarros Group has added the Italian port of Ravenna as a new node in its network, making the hub part of the new Tarros container service to and from several Eastern Mediterranean destinations. The shipping group has thus returned to Ravenna after a number of years of... more
Kribi criteria fulfilled
Ongoing throughput growth in many ports in Sub-Saharan Africa has whetted the appetite of several international port and terminal operators. ICTSI advanced recently when it signed a 25-year contract in Kribi. more
Go-between for state and market
Changing the guard isn’t always a clean break – but Hans-Peter Hadorn’s succession is different. Since 2008 the director of the Port of Switzerland of many years standing has helped to create the organisation as we know it. The search for his successor focuses on the... more
From top to toe
The French line CMA CGM has introduced a Mediterranean service, improving connections between Turkey and southern Italy. Railway links to northern Italy will augment the calls. Options to and from Malta and Tunisia remain. more
Predecessor and successor
At the beginning of June Zeno D’Agostino, the president of Italy’s Port Network Authority of the Eastern Adriatic Sea, who has been in office since November 2016, was deposed. Mario Sommariva was appointed temporary managing commissioner in his place. In Trieste, the new (and... more
DFDS loop in Sète celebrates first anniversary
DFDS Mediterranean Business Unit, DFDS' Turkish subsidiary, started its trips to Sète on 9 July 2019 with a twice weekly service. Now, celebrating its first anniversary, the trips are operated three times a week. Vessels with capacities of 300-TIR-trucks are deployed.... more
APM strengthens Tangier terminal
APM Terminals, a subsidiary of Maersk Group, recently completed the upgrade of its automated terminal in the Port of Tangier, Morocco. The stacking area in Tanger is now organised into 21 storage blocks, with each block operated by two fully automated Kuenz ASC’s. A Siemens... more
Moody's mood worsening
It comes as no surprise that the rating agency Moody's sticks to its negative outlook for the global shipping sector for the coming 12 to 18 months. The outlook has been negative since March 2020. Yet, Moody's investors' service now draws an even gloomier picture in a new... more
How to avoid container incidents?
A new White Paper urges counter measures against the increasing number of container-related incidents caused by poorly stowed, undeclared or misdeclared dangerous cargoes. The National Cargo Bureau (NCB) – a US inspection body authorised to certify compliance with dangerous... more