Before the crest of a wave
Global container-shipping capacities are set to grow the most in 2024. The building of new containerships has its own ‘me-too’ logic. High demand for freight volumes in 2021 and 2022 triggered a boom in orders. This additional shipping space is now set to steadily increase... more
Corpus Christi: record throughput in 2023
The port of Corpus Christi in Texas, USA, recorded a historic high in annual tonnage in 2023, surpassing 200 million t for the first time. The 203 million t throughput is 8.1% up from the previous year. A significant portion of this growth was due to a 12.5% uptick in crude oil... more
Second-largest drop in trade capacity
The now month-long Red Sea crisis has caused the second-largest drop in trade capacity in recent times and destabilised service networks, particularly affecting Asia-Europe routes. The Sea-Intelligence Trade Capacity Outlook report compares this event with standard market... more
Alta Signa's marine underwriting bid
Alta Signa Europe, a managing general agent (MGA), launched its new European marine underwriting business on 18 January this year. Focusing on core marine insurance lines, the unit is backed by partners like Axeria Iard, Sirius Point, and Sompo International and led by Francesco... more
Red Sea tensions: a global impact
Missile attacks in the Red Sea – most recently on two commercial vessels, the 'Gibraltar Eagle' and the bulk carrier 'Zografia'- continue to disrupt global supply chains. Despite air and missile strikes by the USA, the UK, and their allies in Houthi-controlled Yemen, the... more
Building a medical logistics hub in Kenya
Mitsui O.S.K. Lines (MOL) and MOL Logistics (MLG) have partnered with Revital Healthcare, a Kenyan medical supplies manufacturer, to create a healthcare logistics centre in Mombasa's special economic zone. The alliance will consolidate and improve the distribution of medical... more
A peak year for the port of Kiel
The port of Kiel reported record volumes of 7.89 million t of cargo and 2.82 million passengers in 2023, marking its busiest year in terms of freight and passenger traffic. This includes 1.64 million ferry passengers and 1.19 million cruise passengers. The port experienced... more
A new order on the horizon?
A new era of alliances is in the making. Hapag-Lloyd and A.P. Moller-Maersk have agreed to launch a new alliance, called the 'Gemini Cooperation', in February 2025. The break-up of 2M, an alliance between Maersk and MSC, was already announced in January 2023. Now Hapag-LLoyd... more
Terminal operator rebranded
Carrix, a marine terminal operator based in the USA and the Americas, has rebranded Ceres Terminals (Ceres) as SSA Marine. Announced in January 2024, this move is a follow-up to the acquisition revealed in September 2023. The integration expands SSA Marine's coverage in North... more
The clean dozen
Ocean Network Express (ONE) has contracted Jiangnan Shipyard and Yangzijiang Shipbuilding to build six 13,000 teu methanol dual-fuel container ships each, set for delivery from 2027. This initiative marks ONE's entry into methanol-fuelled shipping. Methanol is known for its... more