Accelleron: good FY/2022 and plans for the future 
Accelleron is looking back on a positive first financial year as an independent company: the Swiss supplier of turbochargers for heavy-duty applications, which was spun off from ABB, ended 2022 with sales of USD 780.5 million and grew by 3.2%. Despite the difficult... more
More capacity between France and Caribbean
During the visit of a delegation to Guadeloupe, French Guyana, and Martinique on 20 - 24 March 2023, Dunkerque-Port and its deputy director general Daniel Deschodt were able to meet numerous players in the Antilles’ transport sector. As a major provider of transport... more
EUR 1 billion for Maasvlakte II
The partnership's been inked. The port of Rotterdam and APM Terminals have agreed on an investment of more than EUR 1 billion. The joint project is to extend the Maasvlakte II container terminal, covering a site of approximately 475,000 sqm, with 1,000 m of deepsea quays. ... more
First yard in Bangladesh certified by NYK
The Japanese Group NYK (Nippon Yusen Kaisha) has certified PHP Ship Recycling Facility as the first yard in Bangladesh for complying with NYK’s standards for ship-recycling measures pertaining to the environment, safety, occupational health, and respect for human rights. The... more
A contract to reach net zero goal
Netherlands-based Samskip Group has signed a ship building contract with India’s Cochin Shipyard (CSL) for two hydrogen fuel powered vessels. Samskip Group wants to go into “zero carbon emission free shipping services” and is pursuing the “goal of reaching net-zero by 2040,”... more
EUR 3.5 million for Flagship Founders
Flagship Founders, a Berlin-based venture studio founded in 2020, has developed a successful new approach to building ventures in the maritime industry. Partner companies such as F. Laeisz, Starthub Ventures or Philipp Ahrenkiel, invested EUR 3.5 million in this company, in a... more
ONE now holds 28.7% of Poseidon
Poseidon Acquisition Corp., an entity formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, chairman of the board of Atlas, and Ocean Network Express (ONE) and certain of their respective affiliates, has... more
ATI: solid results for 2022
Asian Terminal Inc. (ATI) posted solid results for 2022 in terms of revenues, handling of teu and the transit of passengers in the international container ports of Manila and Batangas, in comparison to 2021. Revenues increased by 19.2% (PHP 13.62 billion) and 12.7% for... more
A long-term agreement at Port of Gulfport
Under a twenty-year term agreement with the Mississippi State Port Authority which came into effect on 23 March 2023, Ports America will invest USD 43 million to develop the vacant Terminal 4 at the Port of Gulfport (Mississippi) into a cargo-handling terminal. This will not... more
Developing Vietnam's container port capacity
Netherlands-based APM Terminals has formed a strategic partnership with the Vietnamese company Hateco Group for a project to develop two new deep-water berths at Lach Huyen port in Haiphong City and thus boost the trade of goods between the north of Vietnam and European and... more