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
CNC launches Bay Bengal Express
CNC, CMA CGM's sole Intra-Asia short sea operator since 2019, is introducing the Bay Bengal Express 6 (BBX6) service, connecting ports in Bangladesh, Malaysia, Vietnam, and China. Described as a direct link from Ho Chi Minh to Port Klang and Chittagong, it establishes a... more
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