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
Coli und Global renewables head jointly for Japan
Global Renewables Shipbrokers (GRS) from Hamburg is starting a strategic partnership with Coli Schiffahrt & Transport in the offshore renewables market in Japan. The aim of the cooperation is to provide joint project development of offshore wind farm projects in the land of... more
HMM issues convertible bond for new investments
The South Korea-headquartered carrier Hyundai Merchant Marine (HMM) plans to issue a convertible bond with a volume of KRW 660 billion (USD 562.4 million). The shipping company is highly indebted with KRW 4.1 trillion KRW (USD 3.49 billion). Due to the shipping company's... more
Largest LNG tanker newbuilding
The energy multinational Total intends to launch the largest ship to supply liquefied natural gas (LNG) built to date. With a capacity to load up to 18,600 cbm of LNG, the new tanker will be chartered by the Japanese shipping company Mitsui OSK Lines (MOL). This ship will be... more
Jaxport in upbeat mood at the end of fiscal year
The Jacksonville Port Authority (Jaxport), one of Florida’s major container ports, achieved record volumes in containers, vehicles and overall tonnage during the fiscal year ending 30 September 2019. Altogether, the port handled almost 1.34 million teu, a rise of 5% in... more
OOCL gains ground in 2019
OOCL has reported its unaudited operational results for Q3/2019, which ended on 30th September this year. The Hong Kong-headquartered company saw an uptick in volumes (+4.1%) compared to the same period last year. Total revenues in the period rose by 5.8% to USD 1.65... more
Basra Gateway Terminal extension goes on stream
The two new berths, Berths 25 and 26, of the Basra Gateway Terminal (BGT), have started operations. Their opening also marks the completion of the operator ICTSI’s USD 250 million investment programme in Iraq. Located in Umm Qasr’s North Port, BGT operates a container terminal... more
Two digital steps forward for Haropa - Le Havre
Two new contracts for the digital development of its services have been signed by Haropa - Le Havre. The industrial partnership with Airbus aims to develop a common software solution for their respective systems Styris (Radar-VTS) and S-Wing (digital port management service).... more
Record level of global container fleet capacity
The liner's appetite for new capacities seems to be insatiable. The business intelligence provider Alphaliner has presented current figures, showing that the global container fleet´s capacity has just passed the threshold of 23 million teu. The latest deliveries were the two... more