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
Green Laurels for Barcelona
The Port of Barcelona was awarded the lean & green initiative, promoted by the Spanish association of manufacturers and distributors (Aecoc), for reducing its carbon footprint by 20% in a period of five years through "a set of concrete actions". The port joined... more
Enhancing BMT in Algeria
Bejaia Mediterranean Terminal (BMT SPA), operated by Portek International in a joint venture with the Algerian port authority, Enterprise Portuaire de Bejaia, is expanding its equipment. Since its first foray into port operations in 1999, Portek breached the one million teu... more
TTI Algeciras to change hands
HMM has agreed to sell its 50% stake minus one share in Total Terminal International Algeciras (TTI Algeciras) to CMA CGM. The container terminal in the south of Spain is owned by HMM and HT Algeciras, which is a special purpose company wholly controlled by HMM. HMM directly... more
Cool chain for Ethiopia
After several years of preparation, the first intermodal transport of perishables from Ethiopia to Europe is underway. The first reefer container with 24 t of avocados was loaded onto a train in Ethipia and will be shipped via the port of Djibouti to Europe. Preparations for... more
Container flows on the rise
The container throughput index of the German RWI – Leibniz institute for economic research and the institute of shipping economics and logistics (ISL) shows a significant upturn from June to July, rising from (corrected) 110.2 to 116.2 points. The index is therefore now... more