Port of Auckland: financial rebound in 2023 
Port of Auckland has announced robust financial results, marked by substantial recovery and a near doubling of dividends to be paid to Auckland council. The directors have declared a final dividend of NZD 15.0 million for the year, totalling NZD 30.0 million, a rise of NZD... more
DHL to continue solar ship route in Berlin
DHL Group is extending its successful pilot project in collaboration with partners Behala and Solarwaterworld in Berlin until the summer of 2024. The project involves electrically powered solar ships for package transport, and due to its success, it will continue for at least... more
DP World: global expansion ahead
Dubai-based terminal and port operator DP World is set to enhance its container handling capabilities by adding approximately 3 million teu of capacity by the end of 2023. This expansion will increase the group's total capacity to around 93.6 million teu. Notable... more
GAC opens office in East Malaysia
GAC Malaysia, a shipping and logistics solutions provider in Southeast Asia, has inaugurated a new office in Kota Kinabalu, enhancing its regional presence to cater to evolving shipping and energy demands. This 14th office will collaborate with the Labuan office, delivering a... more
Drought hits Panama Canal shipping
The ongoing drought at the Panama Canal, a critical global shipping route, has led to prolonged ship delays. In response, the Panama Canal Authority has extended shipping restrictions until 2 September 2023, limiting daily passages from 36 to 32 ships and requiring vessels to be... more
Port of Hamburg: throughput and trade trends
Economic challenges in Europe and geopolitical issues worldwide continue to impact business at the port of Hamburg. Nevertheless, the port saw its bulk cargo throughput growing by 7.7% to 19 million t, while general cargo declined by 11.1% to 39.2 million t in H1/2023.... more
Trans-Caspian terminal construction launched
According to press reports, Kazakhstan and Georgia have started to build a terminal in the port city of Poti (Georgia) to enhance freight traffic on the Trans-Caspian International Transport Route (TITR). The total investment is estimated at USD 15 to 20 million. Both... more
New wind technology sets sail
In a pioneering partnership, Cargill, BAR Technologies, Mitsubishi Corporation, and Yara Marine Technologies are introducing innovative wind propulsion technology for commercial shipping. Mitsubishi's 'Pyxis Ocean', chartered by Cargill, is the first ship to be retrofitted... more
Wilson Sons releases H1/2023 results
Brazil's Wilson Sons, a port and maritime logistics provider listed on B3's Novo Mercado, reported a 23% yoy rise in H1/2023 net income to BRL 197 million (USD 39.6 million). Q2/2023 net income surged by 583% to BRL 111 million (USD 22.3 million). H1/2023 net revenue grew 9% to... more
Rhenus Cuxport expands for auto market
Rhenus Cuxport, a port terminal operator, is extending its presence in the automotive logistics market by expanding into a 110, 000 sqm area in the hinterland of the Cuxhaven deep-sea port. The move anticipates Germany's shift from car exports to imports due to Asia's... more