CMA CGM raises USD 2 billion for internal investments 
While reporting its quarter result of the current year, CMA CGM said that "the group has lightened its capital structure, which should help it to raise more than USD 2 billion in cash by mid-2020.” The sum is intended to extend the group’s debt maturities and reduce its net... more
Atlantic Container Line goes for 15-year contract in UK
The Atlantic Container Line (ACL), which is part of the Neapolitan Grimaldi shipping group, has agreed a new 15-year contract extension for container and roll-on/roll-off operations at the port of Liverpool (UK) until 2035. At this stage, ACL, which celebrated its 50... more
Dualog and NYK continue digitalisation strategy
Tromsø (Norway)-based Dualog and Tokyo (Japan)-headquartered NYK have agreed on a long-term industrial research and development project. It is supported by Innovation Norway, the Norwegian government's instrument for innovation and development of Norwegian enterprise and... more
Floating terminal in Australia completed
In Australia, a division of Singapore-headquartered transhipment and logistics group Rocktree has completed the engineering and design for a new floating terminal for the Bauxite Hills Mine, which is operated by Australia’s Metro Mining Limited. Australia, Guinea and Brazil are... more
DFDS goes up despite Brexit downturn
In Q3/2019, the Danish ferry operator DFDS revenue increased 2% to DKK 4.5 billion (EUR 600 million), while ebitda was on the level of 2018. For the first nine months of 2019, revenues rose 7% to DKK 12.6 billion (EUR 1.69 billion) and ebitda before special items improved 4% to... more
PSA Marine and Wartsilä agree on technology partnership
The Helsinki (Finland)-headquartered technology group Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The parties have agreed on specific areas of collaboration, including the use of electric... more
Global container throughput keeps rising
In the course of the month of October, the container throughput index released by the RWI – Leibniz Institute for Economic Research and the institute of Shipping Economics and Logistics (ISL) kept going up moderately by 0.6 points to 139.9 this year. At the same time, the... more
Piraeus-Rijeka intermodal express service is up and running
Led by Cosco Shipping and railfreight partner Ocean Rail Logistics, a new service recently started from the Adriatic Gate Container Terminal (AGCT), the Croatian subsidiary of International Container Terminal Services, Inc. (Ictsi), at the port of Rijeka. The new service... more
First SNG-run vessel on its way
The 2017-retrofitted ‘Wes Amelie’, a 1,036-teu feeder container ship operated by Unifeeder, will become the first vessel in shipping to run on synthetic natural gas (SNG) generated by wind energy. MAN Energy Services, Wessels Marine, Unifeeder and Nauticor are cooperating on the... more
