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
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