OOCL: high earnings with similar volumes 
Chinese liner OOCL, an affiliate of Cosco Shipping since 2018, has released its results for Q4/2021 and the full year 2021. For Q4/2021, revenues rose by 101.4% to USD 4.9 billion compared to the same period in 2020. Nevertheless, liftings declined by 16.9%, loadable... more
1.7 million t of fertilisers transported
In 2021, the network owned by Russian Railways (RZD) shipped about 65 million t loading volumes of chemical and mineral fertilisers, an increase of 3.6% compared to 2020, and an absolute historical record. In addition, RZD transported more than 1.7 million t of fertilisers... more
Scrapping of vessels at historic low
The Junio Cargo Analyst Joey Daly has analysed the changes and trends in the shipping industry's demolition market, making use of data of the maritime intelligence provider Vessels Value. It is striking that the need for capacities in the container and bulker markets led to a... more
Reaching Manila by barge instead of truck
Manila-headquartered International Container Terminal Services, Inc. (ICTSI) is building up its Cavite Gateway Terminal (CGT) in the province of Tanza, Philippines. The terminal and port operator recently invested yard and wharf operations with the deployment of additional... more
Toyota chooses Stuart Reilly
Toyota Material Handling UK (TMHUK) has appointed Stuart Reilly to the position of rental & used director. With more than three decades’ experience of the materials handling industry, Reilly has been with TMHUK for over 20 years, during which time he has held leadership... more
Expanding framework for Indian waterways
Improving the safety of the inland waterways is a constant issue in India. Now that the inland vessels act 2021 was passed by the Indian parliament, the Indian Register of Shipping has drafted ten different rules in consultation with ministries, state governments, and various... more
Brookes Bell picks Caroline Young
Brookes Bell, a multi-disciplinary technical and scientific consultancy, has hired a technical sales executive for The Lab, its independent advanced testing and inspection facility which opened last year. Before joining Brookes Bell, Caroline Young worked for ITP Energised... more
Four lifting experts join Mycrane
Mycrane, the world’s first digital platform for the search and selection of cranes, has chosen four experienced executives to strengthen its team. Joining the global B2B platform, all with many years of experience in the lifting industry, are: Erik Altena (top left) as head... more
GMCG Global welcomes Nandlal Aher
GMCG Global, a maritime consulting group, has named Nandlal Aher managing director for India and East Africa to strengthen its presence in the region. As part of his new role, Aher will also be responsible for the company’s offshore division as its new global head. He brings... more
Certification for new tank car model
Freight car manufacturer United Wagon Company (UWC) in Russia has been granted a certificate from the federal railway certification register for its new model of tank car for transporting chemicals. The first batch of freight cars, destined for transportation and logistics... more