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
Thessaloniki and Ashdod bond 
The Port Authority of Thessaloniki and Ashdod Port Company, Israel, have inked a new agreement. The new cooperation focuses on innovation, with a particular emphasis on cybersecurity and operational efficiency. At the same time, both parties are planning joint initiatives to... more
NAL Maroc Agency in new hands
Following approval by the Moroccan antitrust authorities, Sea & Ports recently completed the full acquisition of NAL Maroc Maritime Agency, of which the Spanish group had already purchased 51% of the shares in 2022. The Sea & Ports Group, headquartered in Madrid, has... more
Everything from a single source
DP World – transforming itself from a terminal and port operator to a supply chain architect. The trend towards being able to offer as many services as possible can be seen in almost every large transport and logistics company worldwide today. The practical implementation of... more
CMA CGM starts "NC Levant"
France-based CMA CGM is launching its new offering "NC Levant". Starting next Monday, 10 July 2023, in Salerno (Italy), the service is intended to improve reliability and performance on the following rotation: Felixstowe (Great Britain), Hamburg (Germany),... more
Konecranes contracted to equip container terminal
Konecranes has won a public tender from Copenhagen Malmö Port (CMP) to supply container handling equipment for a new container terminal in the port. Located a few kilometres away from the existing container terminal, in Ydre Nordhavn, the new terminal will welcome eight... more
Elcome: a bridgehead in Vancouver
The Dubai-headquartered maritime systems and services provider company Elcome International has opened a new office in Vancouver, Canada. It is its first presence in North America. Elcome plans to use the new sales and service centre near the Port of Vancouver as a means to... more
Rerouting Transpacific-West Coast service
The Alliance member Hapag-Lloyd has announced that, "in consideration of the present market situation, the Alliance will make changes to the Asia to Transpacific-West Coast Network by temporarily suspending the PS5 service and enhancing the existing PS3, PS6, and PS7... more