Favourable figures for the American Club 
The American Club witnessed a positive outcome to the recently-concluded 2019 P&I renewal season. Its mutual P&I business saw tonnage increase by more than 1.6 million gt as of 20 February 2019, in comparison to the previous year, and by just under 900,000 gt in regard... more
Good January at Jaxport
The Florida-based Jacksonville Port Authority (Jaxport) had a good start into the year. CEO Eric Green announced that container movements had increased by 16% compared to the same month in 2017. Almost 122,000 teus were handled. The port’s Asian container volumes continue... more
New port strategy of Djibouti continues
On 22 February 2018 the State of Djibouti prematurely terminated the Doraleh container terminal concession, which was granted in 2006 to Doraleh Container Terminal (DCT), a company mainly managed by DP World. While the legal proceedings around the withdrawal of the... more
Merger of Hapag-Lloyd with UASC bears fruit
The Hamburg-based carrier Hapag-Lloyd achieved a more satisfactory result in 2018 than in previous years. On the basis of preliminary and unaudited figures, its Ebitda surged by almost 8% to EUR 1.14 billion (2017: EUR 1.05 billion). Ebit rose by 7.2% to EUR 443 million (2017:... more
Scrubbers are the order of the day
Another contract for marine scrubbers underlines the ongoing transformation of the world's shipping fleets - and yet more business for supplier CR Ocean Engineering (Croe). A USA-based shipping company is now retrofitting more vessels with the respective air pollution... more
Port of Gothenburg on a rising tide again
The port of Gothenburg noted a pleasing upswing in 2018. Volume growth intensified during the year and was strongest during Q4/2018 with +27%. The increase can be compared with the downturn in volumes during the industrial dispute at the Swedish port’s container terminal in... more
Maersk on the defensive
Maersk reported that its profitability was in line with the latest guidance for 2018. Ebitda amounted to USD 3.8 billion, 8% more than in 2017. The improvement in operating earnings was driven by higher freight rates, efficiencies gained from the integration of continuing... more
Laurels for GAC in India
The office of the additional commissioner of customs at Krishnapatnam Port (India), has named GAC India the top steamer agent for financial year 2018-2019. Among all agencies, the award winner handled the most port calls during FY 2018-2019. From April 2018 to January 2019,... more
Den Hartogh and MOL set up new partnership
The Japan-based unit MOL Chemical Tankers (MOLCT) has acquired a 20% stake in Den Hartogh Holding. After the acquisition, both parties will sign a partnership deal aimed at jointly expanding the transport of liquefied chemical products, via tank containers, parcel chemical... more
Full year figures for Spanish Ports confirm good 2018
The full year 2018 results for Spanish ports are generally favourable. According to data published by Puertos de Estado, a total of 550.7 million t were moved in 2018, 3.5% more than in 2017. In the period under review, the volume of goods in international transit rose by... more