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
End of the oligopolistic era nigh? 
The EU Commission, having spent a year evaluating the special anti-trust conditions for shipowners, has now decided to let them expire on 25 April 2024. Even though the commission hasn’t identified a lack of competition, or shipowners dominating the supply chain in the maritime... more
Who holds the older units?
In its latest report, Alphaliner pointed out that approximately 20% of containership fleet capacity, or almost 3 million teu, is 20 or more years old. This corresponds to about 1,200 container vessels which, due to their age, will not meet the IMO’s sustainability goals at this... more
South Korean shipbuilders take the lead
According to Clarksons Research, ship orders worldwide totalled 2.49 million compensated gross tonnages (cgt) in October this year. This represents a dip of 44% compared to the same month in 2022. Out of these orders, South Korea was able to secure 1.54 million cgt (62%),... more
Eco-friendly shipping fund launches
HFW, a global sector-focused law firm, has facilitated the launch of the shipping industry's first sustainable fund named Low Emission Methanol Shipping Company (Lemsco). The fund, created by maritime investment advisor Promarine, is starting with an initial portfolio of... more
Greek and Chinese shipping companies on the rise
Greek and Chinese shipping companies now own 34% of the global fleet's cargo capacity, according to Bimco's chief shipping analyst Niels Rasmussen. Greek shipowners control 19% of the cargo carrying capacity and maintain a high share in the dry bulk, tanker, and gas carrier... more
Nearshoring trend: data reveals truth
The concept of nearshoring suggests that as companies move production closer to consumer markets, average sailing distances for shipped goods would be reduced. According to Sea-Intelligence, for North America, there has been an increase in the average sailing distance for... more
Free access to Shipnext platform for ICS students
The Institute of Chartered Shipbrokers (ICS) and Shipnext, a digital SaaS platform, have partnered to enhance education in the shipping industry for its students. Shipnext provides a range of digital solutions, including instant data processing, freight-matching,... more
Record highs for ICTSI earnings
International Container Terminal Services Inc (ICTSI) has reported a 4% increase in net income to USD 484.5 million for the first nine months of 2023, with ebitda and net income reaching record highs. The company saw a 7% growth in throughput and revenues. Despite the... more