ICTSI's financial discipline pays off 
In FY/2023, International Container Terminal Services, Inc. (ICTSI) reported a net income of USD 511.53 million, a 17% decline from the previous year, primarily due to non-cash impairment charges. However, excluding these charges, the recurring net income rose by 7% to USD... more
Automated future at Sines
PSA Sines in Portugal has introduced six new fully automated rubber-tired gantry cranes (aRTGs), as part of its transition towards fully automated yard equipment. Added to the existing twenty-nine, the new units will be used to enhance productivity, safety, and sustainability at... more
50 vessels, one alliance
Jumbo Shipping, SAL Heavy Lift, and Intermarine have formed a new commercial joint venture called JSI Alliance, combining their fleets and commercial activities for breakbulk and project cargo. Set to launch on 1 March 2024, the alliance brings together the companies’ expertise... more
P&O Ferries charting a cleaner course
P&O Ferries significantly reduced its carbon emissions in 2023, cutting nearly 50,000 t with the introduction of a new hybrid ferry and the fleet support centre for fuel and energy efficiency. This follows a reduction of over 85,000 t in 2022. T he fleet support centre... more
Germany's first remote operations centre
Seafar, a Belgian provider of technology and services for remote-controlled and crew-reduced inland shipping, and its partners HGK Shipping and Reederei Deymann have set up Germany's first remote operations centre in Duisburg. Officially opened on 28 February in the presence... more
MOL's plastic recycling trial
MOL and Idemitsu Kosan are launching a demonstration test to recycle used plastic waste generated on a very large crude carrier (VLCC). The test, conducted on the VLCC “Suzukasan” chartered by Idemitsu Tanker Co., will use the waste plastic as raw material to produce oil through... more
Study for an e-fuel supply chain
MOL, Itochu, HIF, and JFE Steel have partnered to explore the feasibility of a comprehensive supply chain for synthetic fuel and CO2 marine transport using green hydrogen. The study will first examine the use of e-fuel at JFE Steel and then cover CO2 capture in Japan, its... more
Linking Jacksonville with South America
The ocean carrier MSC Mediterranean Shipping Company has combined two existing container services to create a new direct route between the Jacksonville Port Authority (Jaxport) and the West Coast of South America. This new Ecuador-NWC and Scan Baltic-USA rotation, which now... more
Economic waves hit Hamburg port
The port of Hamburg faced geopolitical and economic challenges in 2023, resulting in a 4.7% decline in seaborne cargo volumes compared to 2022. Container throughput decreased by 6.9%, but showed a slight recovery in the second half of the year. Despite these difficulties, bulk... more
Unity in shipping renewed until 2032
Cosco Shipping and its partners, including CMA CGM, Evergreen, and OOCL, have agreed to extend the Ocean Alliance until 2032, seeking to maintain reliable services for customers amidst the evolving global trade landscape. Since its inception in 2017, the alliance has... more