ONE adds Nagasaki unit
Ocean Network Express (ONE) has announced the creation of a new subsidiary, One Dejima, in Nagasaki City, Japan. This initiative, supported by the Nagasaki Prefecture, Nagasaki City, Fukuoka Financial Group, and the Juhachi-Shinwa Bank, aims to extend ONE's global network and... more
EU ETS: shipping's big bill
The International Transport Intermediaries Club (Itic) has raised concerns about the financial impact of the European Union's Emissions Trading Scheme (ETS) on the shipping industry, predicting that costs could reach billions. The ETS, effective from 1 January 2024, will... more
Maersk's methanol ship to set sail
Maersk is planning to introduce its first large methanol-capable ship in spring 2024, to serve Hamburg on the AE7 route between Asia and Europe. The 16,000-teu vessel, constructed by Hyundai Heavy Industries, is equipped with a dual-fuel engine that operates on methanol,... more
German ports need a strong rail network
The seventh Railway Conference in Hamburg, held on 11 December 2023, highlighted the need to maintain a robust rail network for the Northern German seaports. The Hamburg port, which handles over half of its hinterland traffic by rail, moved 47.3 million t of cargo last year.... more
End-to-end logistics 2.0
How DP World’s intermodal approach in the United Kingdom is setting an example. Shippers tend to strive for integration and for the simplification of their logistics concepts. DP World is developing an answer to this in the United Kingdom, where not only capacities such as the... more
Freight rates hit 2019 levels
The container shipping industry is experiencing a downturn in 2023, with a nearly 2% year-on-year decline in container volumes and a significant drop in freight rates, returning to 2019 levels by September. Despite these reductions, chartering costs remain 25% above 2019... more
O. Brunoni and Allmarine join up
In Switzerland, O. Brunoni and Allmarine will merge their business activities as from 1 January 2024. The managements of both companies have mutually agreed to operate under the single brand O. Brunoni in future. O. Brunoni has also won Zim, globally the tenth largest... more
Cosco’s blockchain e-bill hits 100k
Cosco Shipping has issued its 100,000th blockchain-based electronic bill of lading to a Shenzhen-based e-commerce customer, marking a significant milestone in digital trade facilitation. This achievement reflects Cosco's commitment to digital innovation, having served over 7,500... more
Spanish Ports stay on deck
Spanish ports moved 397.6 million t of goods from January to October 2023, 4.0% less than in the same period of 2022 and just 0.3% above the figure for 2021. Both containerised goods, which total 132.9 t (-8.2%), and bulk liquids, with 131.4 t (-3.7%), recorded notable... more
Cosco & BP forge new strategic paths
Cosco Shipping and BP have signed an MOU to leverage the strengths of both entities, enhance synergies, and explore new avenues of collaboration. The strategic partnership involves expanding the use of Castrol marine lubricants, the transport of hydrocarbons, offshore... more