OOCL feels the pressure 
Hong Kong-based Orient Overseas Container Line (OOCL), an affiliate of Cosco since 2018, recorded more volumes, but significantly less revenues in Q4/2023. The revenues almost halved (-49%), falling from USD 3.18 billion in Q4/2022 to USD 1.62 billion in Q4/2023.... more
Four heavy-lifts for Intermarine
Intermarine, a multi-purpose carrier based in the Americas, is planning to add more vessels to its fleet in collaboration with the Jumbo-SAL-Alliance. The significant expansion includes four heavy-lift vessels, acquired on a long-term charter, to be deployed on global trade... more
A jolly crew
Ignazio Messina & C., a Genoese shipping company, has taken over the 'Jolly Giada', a full-container ship, at the Port of Algeciras, completing its first phase of planned acquisitions in the container vessel market. The 'Jolly Giada', a sister ship of the recently... more
ICTSI's green pledge for 2050
International Container Terminal Services, Inc. (ICTSI) has committed to net zero greenhouse gas emissions from its direct operations (scope 1) and purchased electricity (scope 2) by 2050. The company aims to reduce these emissions by 26% per container move by 2030, compared to... more
No more pin codes in Antwerp
Starting on 15 January 2024, the port of Antwerp-Bruges will implement the certified pick-up system for the release of import containers, replacing the current pin code system. This mandatory digital platform ensures a safer, more transparent, and efficient container... more
Market share won, boxes lost
Antwerp’s throughput suffered in 2023, yet the merger with Bruges still paid off. Altogether, 271 million t of cargo were handled in the major Belgian seaport in 2023, down 5.5% from the previous year. The port attributed the decline to "geopolitical tensions and slowing... more
Silver bullet for Montevideo terminal
The Terminal Cuenca del Plata (TCP) in Montevideo (Uruguay) in Latin America is investing in new equipment. TCP, a company owned by Katoen Natie (80%) and National Port Authority ANP (20%), has earmarked more than USD 500 million for the expansion of the specialised container... more
Record fleet expansion ahead
According to Bimco, a record 350 new container ships were delivered in 2023, totalling 2.2 million teu and surpassing the 2015 record. Container fleet capacity increased by 8%, the highest growth rate since 2011, with ships over 15,000 teu dominating. 2024 anticipates even... more
Japanese wind power union
Mitsui O.S.K. Lines (MOL) has formed a capital alliance with Hokutaku, Japan's largest wind turbine maintenance company. With this alliance, effective from 9 January 2024, MOL acquires a majority stake in Hokutaku. Independent of specific manufacturers, Hokutaku services around... more
Top-ranking carriers switch places in 2024
In January 2022, MSC took the crown from Maersk as the world's largest shipping line with a fleet of 645 units and a combined capacity of almost 4.3 million teu. While Maersk’s fleet shrank in 2023 by 112,500 teu or 2.7%, MSC added a little more than one million TEU of capacity... more