New giants on the horizon 
OOCL is maintaining its contracts with shipyards Nantong Cosco KHI Ship Engineering (NACKS) and Dalian Cosco KHI Ship Engineering (DACKS) for five newbuilt container vessels. Each unit at a cost of USD 155.68 million will have a nominal capacity of 23,000 teu. The carrier... more
Chinese ebb in the port of Long Beach
A tandem torpedo hit the Californian port of Long Beach at the beginning of the year. The total number of boxes handled in January and February declined 7.1% compared to the same period in 2018. Lingering effects from the United States’ trade war with China on ship calls and the... more
China believes in Wilhelmshaven 
China Logistics first expansion into Europe will take it to the JadeWeserPort in the German state of Lower Saxony. The ambitions of the state-owned company are almost as great as the hopes of the port operator. more
Maritime volume contraction like in 2009?
The Copenhagen (Denmark)-based maritime consultancy Sea-Intelligence predicts a Corona-caused decline of shippers' demand similar to the aftermath of the global financial crises in 2008 and 2009: "This implies a potential volume loss of 10% equal to 17 million teu... more
MacGregor's service to cover the Americas
MacGregor, part of the Finnish Cargotec Group, has announced that following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively, it will extend its coverage and capability to support all service need of customers on the American Continents. Based in six... more
Remote cranes on Russian grounds
The Russian company Kyshtym Copper Electrolytic Planta, subsidiary of the Russian Copper Company, is going to install a warehouse next to the new Copper Electro Refinery. Special equipment is needed in this working place in Kyshtym in the Chelyabinsk Region, between... more
Overcoming digital hurdles
The trend towards paperless customs clearance procedures is continuing apace. The service provider Zoll-Fit told the ITJ about the advantages digital processes offer its pilot project in Rheinfelden. more
DP World: organic growth and acquisitions
DP World looks back in joy on its results of 2019. Both organic growth and acquisitions led to a significant uptick in revenues to USD 7.69 billion (+36.1%). Adjusted ebitda increased by 17.7% while the profit of USD 1.33 billion stood for a rise of 4.6% in comparison to 2018.... more
Port of Los Angeles' corona loss so far
The 544,000 teu handled in the port of Los Angeles in February stand for a 22.9% decrease in volumes compared to last year. While February imports decreased 22.5% to 270,000 teu compared to 2018, exports decreased 5.7% to 134,000 teu. Empty containers declined even more... more
Wilhelmshaven reaches Top 20
In the rankings of the Deutsche Gesellschaft für Güterverkehrszentren (DGG), which are published once every five years, the Güterverkehrszentrum (GVZ) of the Jade Weser Port Wilhelmshaven has reached the Top 20 of Europe's freight centres for the first time. On an international... more