Interesting laden import growth in Q2/2023 
The Copenhagen-based maritime intelligence provider Sea-Intelligence reports that, at 2.7%, the annualised NAEC (North American East Coast) laden import growth regained momentum in Q2/2023 compared to pre-pandemic 2019 figures. To avoid pandemic-related distortions, annualised... more
ZIM navigates challenges in Q2/2023
ZIM Integrated Shipping Services reports Q2/2023 financial results, revealing USD 1.3 billion in revenues, a net loss of USD 213 million, and adjusted ebitda of USD 275 million. Amid challenging container shipping market conditions, Q2 showed reduced earnings and an 87%... more
MCT resumes MHT shipping service
Mindanao Container Terminal (MCT), part of International Container Terminal Services (ICTSI), has resumed the Mindanao-Hong Kong-Taiwan (MHT) service by Wan Hai Lines. The weekly service, connecting Subic, Cebu, and Mindanao to Hong Kong and Taiwan, has returned due to... more
AD Ports Group: growth in Q2/2023
AD Ports Group reported a significant 66% YoY revenue increase in Q2/2023, reaching AED 2.1 billion (USD 571 million). The result was driven by a good performance in maritime, ports, and digital clusters, alongside acquisitions. Adjusted for acquisitions, revenue grew by 44%... more
HGK Shipping and Salzgitter Group join forces
HGK Shipping and Salzgitter Group have signed a memorandum of understanding (MOU) to enhance sustainable logistics on waterways. The partnership focuses on efficient transport, minimising emissions, and optimising cargo space. Salzgitter Flachstahl and Deumu, subsidiaries of... more
NYK: more wind energy to reduce emissions
A new approach for NYK Bulkship (Atlantic): the subsidiary of the NYK Group is planning to implement wind-assisted ship-propulsion on a bulk carrier under a long-term charter contract with Cargill International. With this project, the partners aim to decrease greenhouse gas... more
Pursuing growth in the Dominican Republic 
P&O Maritime Logistics has won a contract with DP World in the Dominican Republic to enhance vessel capacity and frequency in the port of Caucedo. The agreement, commencing on 7 December 2023, involves deploying three advanced tugs, including two newbuildings, equipped... more
ICTSI’s surging net income
In H1/2023, International Container Terminal Services (ICTSI) achieved a 7% rise in net income to USD 313.8 million. Throughput grew by 9% to 6.28 million teu, mainly due to MNHPI’s contribution and trade improvement. Revenues increased by 10% to USD 1.16 billion, with... more
Adani Ports setting sail
Adani Ports, a ports, terminals and logistics group based in India, has announced its results for the first quarter of its current financial year, which began on 1 April 2023. Net profit surged by around 83%, driven by a substantial rise in cargo volume and improved margins due... more
Singaporean sustainability
AAL Shipping (AAL) is pushing ahead with its business reporting and to this end recently released its ‘Sustainability Report’ for 2022. In it the shipping line shares elements of its efforts in the environmental, social and governance field (ESG). The report shows up AAL’s... more