Two new heavyweights for NYK
One of the Japanese NYK Group companies, NYK Bulk & Projects Carriers, is to expand its fleet. The shipping company has signed a contract with Nanjing Jinling Shipyard, which is part of the China Merchants Group, to build two heavylift vessels. The two new units will be... more
ACL switches terminals
Atlantic Container Line is on the verge of changing the terminals for its A-service vessels in the port of Virginia, USA. The transfer of vessel operations from the Portsmouth Marine Terminal (PMT) to Norfolk International Terminal (NIT) will take place in mid-September 2019.... more
H1/2019 marks a turnaround for OOIL
The Hong Kong-based Orient Overseas (International) Line (OOIL), an affiliate of Cosco Shipping, witnessed a turnaround in its business activities in H1/2019. "Despite an economic environment filled with uncertainties and with seemingly slowing growth in terms of demand for... more
CCPO opts for smart software to measure engine performance
The fleet of 55 ships of the Hamburg (Germany)-based ship manager CPO Containerschiffreederei (CCPO) and the vessels in ship management (111 company-owned and third-party ships) are the first ships to adopt ABB’s digital solution to further reduce fuel costs and environmental... more
What options does the sulphur cap leave?
The International Maritime Organisation (IMO) 2020 regulations, which cut the maximum level of sulphur content permitted in fuel by more than 85%, officially come into force on 1 January, but could start to impact operations as early as Q4/2019. Graham Little, managing... more
Drewry sees volatility - and volumes - on the rise
In its recent assessment, the London (UK)-based maritime consultancy Drewry sees increased volatility in global container throughput, driven by tariff wars and, in the case of the UK, Brexit. After its all-time high in May 2019, the global container port throughput index... more
Disappointing financial year for Imperial Logistics
Imperial Logistics, which is headquartered in South Africa, has taken a critical look at its own operative performance at the end of its latest financial year (July 2018 - June 2019). In spite of a 6% rise in revenue to ZAR 49.7 billion (USD 3.25 billion), the operating profit... more
Port of Cork doubles facilities in preparation for Brexit
In the Republic of Ireland, the port of Cork has doubled the size of its customs facilities in preparation for the likelihood that the United Kingdom (UK) will leave the European Union (EU) with a no-deal Brexit on 31 October 2019. After close examination of historical data and... more
The calm before the storm?
The container throughput index published by the RWI – Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) showed a surprising record result for July 2019. According to the current flash estimate for July, the index reached the... more
Port in Mayotte in the Indian Ocean turns smart
The Longoni port community in Mayotte, part of an archipelago in the Indian Ocean to the Northwest of Madagascar and the 101st department of France, is enhancing its port community software. Through its company ICM+, Mayotte has consolidated its commitment to the smart port... more