Cosco partners with Varamar 
Varamar DMCC and ASL Shipping, a Cosco group entity, have entered a strategic partnership to enhance their trade operations. Offering services for various types of cargo, Varamar operates mainly in the 3,000-30,000 dwt range and has expanded globally with ten branches. Cosco... more
ZIM Q3 results: a test of resilience
ZIM Integrated Shipping Services reported a significant net loss of USD 2.27 billion for Q3/2023, primarily due to a non-cash impairment loss of approximately USD 2.1 billion. This loss is a stark contrast to the net income of USD 1.166 billion in Q3/2022. The company's... more
An easier way to calculate emission costs
UECC, a European ro-ro carrier, has introduced a standardised method for calculating emission costs for its customers to comply with the requirements of the EU Emissions Trading System (EU ETS), which will also apply to the maritime sector from 1 January 2024. This system... more
Cargo growth at SC Inland Ports
In October 2023, SC Ports’ Inland Port Greer reported a record handling of 17,000 containers, marking a 42% increase from the previous year. Inland Port Dillon also saw a significant uptick, with a 31% rise in the number of containers processed. To accommodate growing... more
King Willem-Alexander tours Duisport
Willem-Alexander, the King of the Netherlands, visited Duisburg Port (Duisport) on Tuesday, 14 November 2023, to show his appreciation for the port’s efforts to develop a European hydrogen network with the Port of Rotterdam and other partners. Duisport CEO Markus Bangen... more
Yang Ming: profit amidst shipping slump
The Taiwan-headquartered carrier Yang Ming reported a consolidated revenue of NTD 35.9 billion (USD 1,160.72 million) in Q3/2023. Net profit amounted to NTD 2.81 billion (USD 90.73 million). For the first three quarters of 2023, the consolidated revenue was NTD 107.9 billion... more
MOL & Kyuden launch LNG ship "Reimei"
Mitsui O.S.K. Lines (MOL) and Kyushu Electric Power (Kyuden) have introduced "Reimei", a Panamax coal carrier powered by LNG, which began operations on 14 November 2023. Launched at Namura Shipbuilding's Imari Shipyard, "Reimei" serves to transport coal to... more
Another trio for Arkas
Arkas Line, which owns the largest fleet of container vessels in Turkey, has acquired three new vessels from MPC Container Ships, a Norwegian container operator. This expansion brings the carrier’s total fleet count to 50 vessels and increases its total capacity to 87,335 teu.... more
RBT welcomes Neo Bossa line
Rio Brasil Terminal (RBT), operated by ICTSI at the Port of Rio de Janeiro, Brazil, recently received the maiden call of the Sirius/Neo Bossa service, a joint operation by CMA CGM and Maersk. The service commenced with the docking of the 9,000 teu "Maersk Lota",... more
CMA CGM's Q3 earnings dip
CMA CGM Group, a global provider of sea, land, air, and logistics services, reported revenues of USD 11.4 billion in Q3/2023, with maritime shipping and logistics sectors adjusting contributions amid market downturns. Ebitda plummeted to USD 2.0 billion, a 78.2% drop from... more