LA port stable despite global trade slowdown
In August, the port of Los Angeles saw a notable 3% increase in container traffic, handling 828,000 teu compared to the same month last year. This uptick marks the port's first yoy monthly growth in 13 months. The boost was driven by a 7% increase in loaded imports and a... more
The Alliance: service adaptations in PNW
The Alliance is responding to the current market situation by implementing changes in its Asia to Transpacific-Northwest Coast Network. The company will temporarily suspend the PN3 service and enhance the PN2 service to maintain comprehensive customer coverage. The key... more
Iumi’s annual market analysis
The International Union of Marine Insurance (Iumi) presented its annual marine insurance market analysis at a conference in Edinburgh, Scotland this week. The report highlights positive trends, with a global premium base of USD 35.8 billion in 2022, an 8.3% increase from the... more
A boost for Novi Sad
DP World has invested EUR 8 million in a new vertical quay at Serbia's Port of Novi Sad, boosting teu capacity by 500,000 t. This investment is part of a broader EUR 30 million commitment to upgrade the port's facilities. DP World aims to make the Port of Novi Sad the... more
Rhenus to grow in Amsterdam Port
The Rhenus Group is set to acquire a 49.99 % stake in Rietlanden Terminals, which operates two terminals at the Port of Amsterdam, Europe's fourth largest seaport. This move strengthens Rhenus' European port network and aligns with the Port of Amsterdam's sustainability strategy... more
Superstars for Finnlines
Finnlines, which operates ro-ro and passenger services in the Baltics and the North Sea, has introduced two new vessels on the Kapellskär–Långnäs–Naantali route, with the first vessel, the 'M/S Finnsirius', making its maiden call at the port of Kapellskär on 15 September... more
“Neither doom nor bloom”
Insights from Hapag-Lloyd’s CEO at 45th anniversary of Propeller Club, Port of Basel. The 45th anniversary of the Propeller Club in Basel saw Rolf Habben Jansen, CEO of Hapag-Lloyd, underline the fact that looking into the future requires some knowledge of the origins. His... more
Ukrainian 'blockade runner' chooses Cagliari
The first containership from Ukraine found its first Western port in Cagliari, Sardinia, recently. About 48 hours of berth operations were required to unload 2,100 containers of the first containership that had overcome the blockade of the port of Odessa and which, after a... more
Insights from carbon intensity indicator
Clarksons' data reveals that around two-thirds of the world's fleet capacity would receive A to C ratings on its Carbon Intensity Indicator (CII). The IMO's 2020 decarbonisation framework aimed to reduce emissions from the maritime sector through efficiency standards and... more
New ownership for FRS Iberia
International ferry company FRS is divesting its subsidiary FRS Iberia, known for operating ferry routes between Spain and Morocco, to Danish ferry company DFDS. This move allows FRS to expand in new national and international markets. Founded in 2000, FRS Iberia manages... more