Cosco enjoys a convincing Q3/2019 
The number of major shipping lines back in black is on the rise in 2019. The Chinese Cosco Holding, which encompasses OOCL, also achieved a convincing result in Q3/2019. Operating income of RMB 1.57 billion (USD 221 million) shows an increase of USD 600 million (262%) over the... more
Processing more cars at Philaport
Pennsylvania’s governor Tom Wolf has opened the new Southport Auto Terminal in the port of Philadelphia (USA). The new hub represents an investment of some USD 100 million from the commonwealth of Pennsylvania’s funding. It is a major part of the USD 300 million port development... more
K Line's woodchip carrier to set sail in 2022
Nippon Paper Industries has entered into an agreement with Kawasaki Kisen Kaisha (K Line) on a consecutive voyage contract for a new 3.6 million CFT woodchip carrier to be delivered in 2022. The vessel will be in dedicated service to carry woodchips for paper materials and also... more
“Own risk – own management” 
Just a few months have passed since DP World took over P & O Ferrymasters. The move accelerated the transformation of P & O Ferries’ logistics subsidiary from a British company to a logistics operator that aims to spread beyond the borders of Europe. In Rotterdam managing... more
Global container throughput remains stable
The container throughput index released by the RWI – Leibniz Institute for Economic Research and the institute of Shipping Economics and Logistics (ISL) crept up by the small amount of 0.7 points to 139.5 in September this year. At the same time, the figures for the three... more
MOL raises income in first half of financial year 2019
In the first half of its financial year 2019 (August till September), the Japanese carrier MOL’s revenues went down to USD 5.32 billion, a drop of 45.5% compared to the preceding Q2/FY 2018. The operating profit in H1/FY 2019 also shrunk to 111.6 million USD, whereas in H1/FY... more
Significantly more perishables pass through Valenciaport
Valenciaport, the port authority of Valencia (APV, Spain), improved its performance in the export of perishables in 2019. Fruit and vegetables handling has grown above 21% this year, reaching 644,000 t so far, and could achieve volumes greater than 800,000 t at the end of... more
Eurogate CT introduces new offer in Jadeweserport
New option among the ports in Europe’s northern range: since 1 November 2019, the Eurogate Container Terminal Wilhelmshaven has been offering all shipping companies and shippers the opportunity to store their standard containers for 20 calendar days free of charge. To mark... more
Growth in world maritime trade slows down
The UN conference on trade and development (Unctad) in Geneva (Switzerland) has published the 2019 edition of its Review of Maritime Transport, covering the development of maritime freight, world fleet, rates and markets, ports and regulatory and legal framework in 2018. The... more
Hapag-Lloyd passes sulphur cap costs on to shippers
The Hamburg-headquartered shipping group Hapag-Lloyd will introduce a surcharge on the "IMO 2020 transition", passing on costs caused by the change in regulations on marine fuel. Classifying the IMO 2020 sulphur cap as "a milestone for the shipping industry to... more