A terminal for EUR 10 million 
AD Ports Group has announced that Noatum Terminals, part of Noatum Group, has acquired 100% of APM Terminals Castellón in Spain for EUR 10 million. The deal includes a long-term agreement with the stevedoring union, ensuring stability and productivity. The acquisition... more
Zim connects Asia with East Med
Zim Integrated Shipping Services has expanded its ZMP service, which connects Asia with the East Mediterranean, to include a new stop at Cai Mep Port in Vietnam. This addition positions Zim as the sole major carrier offering a direct connection from Vietnam to the East... more
Trois-Rivières' first 2024 vessel
The 'Lowlands Hope' sailing under the Singapore flag was the first vessel of 2024 to dock at the Port of Trois-Rivières in Quebec on 2 January, after a 17-day Atlantic crossing. Departing from Sao Luis, Brazil, with 21 Indian and Filipino crew, it carried alumina for Alcoa -... more
Grimaldi Group expands in Greece
The Grimaldi Group, an Italian private shipping company, has acquired a 67% majority stake in the Heraklion Port Authority (HPA) for the price of EUR 80 million. This move comes after its recent acquisition of the Igoumenitsa Port Authority. The Heraklion port, the largest... more
Tangier port: bigger and greener
APM Terminals Med Port Tangier in Morocco has recently completed phase 2 of its expansion, increasing its capacity by over one million teu. The upgrade adds seven new container stacks, a 400 m berth and features 14 automated gantry cranes and eleven hybrid shuttle carriers... more
Global shipping: latest stats
In November, the RWI/ISL Container Throughput Index, which measures global shipping activity, saw a slight uptick to 124.5 points, mainly due to a rise in container handling in Asian ports outside China. This growth was however offset by declines in Chinese and European ports.... more
24,000 teu nuclear ship unveiled
China's Jiangnan Shipyard introduced the world's largest nuclear-powered containership at the Marintec China 2023 trade fair in Shanghai recently. With a 24,000 teu capacity, this design features advanced molten salt reactors, enhancing safety and efficiency. Its propulsion... more
Hydrogen hub in Abu Dhabi
AD Ports Group and Masdar have signed an MOU to develop a green hydrogen production hub within Khalifa Economic Zones Abu Dhabi (Kezad). This initiative aligns with the UAE’s national hydrogen strategy, aiming to increase local hydrogen production to 1.4 million t annually by... more
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