MOL expands chemical tanker business 
Mitsui O.S.K. Lines (MOL) has announced that its subsidiary, MOL Chemical Tankers, is set to acquire Fairfield Chemical Carriers (FCC) in a deal valued at around USD 400 million. This acquisition is in line with MOL's strategy to expand its presence in the chemical tanker... more
A new Dutch marine duo
Global Transport Solutions (GTS) has acquired Ship Spares Logistics (SSL), creating a marine logistics partnership in the Netherlands. GTS specialises in maritime supply chain solutions through its Marinetrans brand, while SSL offers marine logistics services such as barge... more
A tailwind for Ventofoils
The Dutch company Econowind is pushing ahead with the building of its wind propulsion system Ventofoils to enhance the efficiency and sustainability of sea-going vessels. The Investment and Development Agency for the Northern Netherlands (NOM) and Horizon Flevoland have now... more
UK ports go digital
CNS, a DP World company specialising in digital trade solutions, is introducing its CNS port community system (PCS) in UK ports. The cloud-based platform, replacing 'Compass,' offers HMRC compliance, enhanced ease of use, cross-platform integration, and adaptability to... more
Atlantic eco voyage
The ‘Avontuur’, a cargo sailing ship of ‘Timbercoast cargo under sail’, is setting sail on its twelfth Atlantic voyage, providing an eco-friendly solution for transporting goods across the sea. A diverse crew of fifteen individuals from various countries will spend months... more
ZIM and MSC forge operational pact
ZIM and MSC have signed an operational cooperation agreement to enhance efficiency and service quality on multiple trade routes. The partnership involves vessel sharing, slot purchases and swaps. The aim is to offer cost efficiencies while maintaining a high-quality service for... more
Maersk expands in Colombia and Panama
Maersk has opened new fulfilment centres in Colombia and Panama and is investing over USD 200 million to strengthen its logistics infrastructure in Latin America and the Caribbean. The new facilities will provide high-value solutions for regional and international customers, the... more
Less throughput in Hong Kong
In Q2/2023, the Port of Hong Kong saw a decline in throughput compared to Q2/2022. The handling of containers dropped to 3.69 million teu, marking a nearly 22% yoy decrease, as reported by the regional census and statistics department. Overall cargo throughput also fell,... more
Panama Canal: restrictions extended
The Panama Canal has prolonged its restrictions by ten months due to the ongoing drought. The measures include reducing the daily ship capacity from 36 to 32 and lowering the maximum allowable draft to 13.4 m, down from 15.2 m. Waiting times for transits have increased,... more
Fesco's H1/2023 performance
Russia's Fesco Transportation Group recorded significant growth across various sectors in H1/2023. International cargo shipping rose by 30% to 199,000 teu compared to H1/2022. Intermodal transport saw a 25% increase, reaching 306,000 t teu, while coastal shipping surged by 17%,... more