DP World: robust growth in H1/2023 
DP World’s financial results for the first half of 2023 show robust growth, with a 13.9% increase in revenue to USD 9.0 billion and a 7.0% rise in adjusted ebitda to USD 2.6 billion, reflecting a 28.9% adjusted ebitda margin. The growth is driven by a full consolidation of... more
Wallenius Wilhelmsen steers a steady course
Wallenius Wilhelmsen reported steady Q2 results with USD 477 million in ebitda and USD 396 million in operational cash flow. CEO Lasse Kristoffersen highlighted challenges such as port delays due to biosecurity clearance processes in Australia and congestions in key regions.... more
More eco-friendly vessels for X-Press Feeders
Shortly after ordering six new 1,250 teu container vessels with dual-fuel engines, the Singapore-headquartered shipping company X-Press Feeders stated delivery of third and fourth unit of its most recent series of 7,000 teu containerships. The whole sequence is twelve 7,000 teu... more
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