The return of the idle fleet? 
According to the Swedish maritime platform provider Xeneta, carriers are starting to "balance demand and capacity to protect rates." A capacity reduction of 517,300 teu - or 25% of the initial capacity offering - was witnessed on the Far East to US West Coast corridor... more
WCI on a stable high
Drewry's World Container Index moved sidewards (-0.1%) this week, maintaining the level of USD 7,648.18 per feu. A comparison with the same period in 2021 shows the difference. The WCI is 24.7% higher than the same week in 2021. In detail, freight rates on Los Angeles –... more
13 million boxes too much?
The transport time is the secret. The Copenhagen-based maritime consultancy Sea-Intelligence recently analysed the data provided by Hapag-Lloyd, looking at the development in both the size of the equipment fleet as well as the number of transported containers over the past... more
Maritime transition to new energies
The maritime transport sector is continuing its transition to new sources of energy for ship propulsion, according to data from the analyst Clarkson Research Services. Newbuilds are leading from the front. 63% of the GT tonnage ordered in 2022 belongs to ships that can be... more
Corrigendum - Fiata calls for a turn of the tide on the seas
The FIATA HQ Meeting in Geneva, one of the annual gatherings of the global organisation’s 40,000 freight forwarders, is addressing one of the palpitant challenges, the vertical integration of the industry – by the carriers. President Ivan Petrov spoke of the “drastic misuse... more
Egyptair turns to Boeing conversions
Egyptair has signed a contract for an B737-800 freighter conversion (capacity 23.9 t) with Aeronautical Engineers (AEI). The aircraft is scheduled to commence modification by the authorised AEI Conversion Centre, Commercial Jet, in Miami, FL in October 2022. Once completed, this... more
IAPH chooses Michael Luguje
Michael Achagwe Luguje, managing director, Ghana Ports and Harbours Authority (GPHA), Ghana, has been elected as vice president for the Africa Region of the International Association of Ports and Harbours (IAPH) by a vote of confidence of the region’s members. Luguje holds a... more
Mali remains Isago certfied
Assistance Aéroportuaire du Mali (Asam) was first certified by Isago (Iata ground operations safety audit) in December 2016. The Malian ground handling company has regularly renewed this certification since then. The ground handling services offered by Asam at Bamako's... more
For more cocoa from Côte d'Ivoire
The French Group Bolloré Transport & Logistics Côte d’Ivoire built a new cocoa loading station in 2021. Located in the port area of San Pedro, in the south-west of Côte d'Ivoire, the facility was inaugurated on 13 May 2022. This automated infrastructure will speed up... more
Joint venture on three seas
Bremen Overseas Chartering and Shipping (BOCS) and UAL (Netherlands) are launching a new joint venture to expand shipping routes and capacities between the Mediterranean, the Black Sea and West Africa. The combined forces will operate under the name of UAL BOCS Shipping Line... more