Double drought 
Low water levels for US inland waterways. The Mississippi River is running low on water and threatening exports in 2023 – as was already the case in 2022. more
Stake in HMM up for grabs 
The bidding process for South Korea's key global container carrier, HMM, is drawing to a close. The majority stake is held by state policy bank KDB and Korea Ocean Business Corporation after the bankruptcy of Hanjin Shipping in 2017, with around 58% of their 75% ownership being... more
Anemoi rotor sails cut fuel and emissions
The installation of rotor sails on the 82,000 dwt Kamsarmax bulk carrier, TR Lady, was completed in June 2023, marking a collaboration between Tufton Investment Management, Anemoi Marine Technologies and Cargill. Equipped with three 5x24 m Rotor Sails, TR Lady harnesses wind... more
Kaohsiung port's Terminal 7 officially opened
Already in operation since May 2023, the newly built Terminal 7 at Kaohsiung Port, Taiwan, played the main role at the official opening ceremony arranged by Evergreen Marine Corp. (EMC), one week ago. The event was presided over by EMC’s chairman, Y.I. Chang, and president, Eric... more
Q Terminals Group grows footprint in Europe
Q Terminals Group, a joint venture of Qatar Ports Management Company and Qatar Navigation, has acquired a majority stake in Kramer Holding, a logistics and container services provider at the Port of Rotterdam. The Dutch company operates in key locations with tri-modal transport... more
Luka Koper expands storage capacity
Luka Koper has bolstered its reefer capabilities by adding 315 new reefer plugs, which now total over 1,000 units. This is to prevent interruptions in cold chains during peak seasons. The upgraded section accommodates five reefer containers, thus boosting efficiency. ... more
IRS to classify hybrid electric catamarans
Indian Register of Shipping (IRS) has been awarded the task of providing classification services for six hybrid electric catamarans commissioned by the Inland Waterways Authority of India (Iwai). These vessels, built at Hooghly Cochin Shipyard, will serve inland ferry routes... more
DP World: robust growth in H1/2023
DP World’s financial results for the first half of 2023 show robust growth, with a 13.9% increase in revenue to USD 9.0 billion and a 7.0% rise in adjusted ebitda to USD 2.6 billion, reflecting a 28.9% adjusted ebitda margin. The growth is driven by a full consolidation of... more
Wallenius Wilhelmsen steers a steady course
Wallenius Wilhelmsen reported steady Q2 results with USD 477 million in ebitda and USD 396 million in operational cash flow. CEO Lasse Kristoffersen highlighted challenges such as port delays due to biosecurity clearance processes in Australia and congestions in key regions.... more
More eco-friendly vessels for X-Press Feeders
Shortly after ordering six new 1,250 teu container vessels with dual-fuel engines, the Singapore-headquartered shipping company X-Press Feeders stated delivery of third and fourth unit of its most recent series of 7,000 teu containerships. The whole sequence is twelve 7,000 teu... more