Global fleets rise in value says Vessels Value 
According to information provided by the research and data mining company Vessels Value (VV), the top ten global fleets have gone up in value by USD 17.6 billion. While the Greek fleet increased its total value by over USD 5 billion in one year, the total asset value of the... more
Good fuels and blockchain savings
It is a special coalition: BHP, the Japanese shipping company NYK, Good Fuels and Bloc recently delivered sustainable biofuels to the BHP-chartered, NYK-owned bulk carrier "Frontier Sky". The CO2 savings have been verified with Bloc’s blockchain fuels assurance... more
More cargo for port of Liverpool
The British retailer B&M is increasing its cargo volume into the port of Liverpool by 30% "following frustrations with delay-struck southern ports", as the port operator Peel Ports put it. After completing a successful trial at the port of Liverpool, the... more
Hapag Lloyd redeeming ahead of deadline
The Hamburg-based carrier Hapag-Lloyd has decided to partially redeem EUR 170 million of its senior note at a fixed redemption price of 103.375% on 11 February 2019, prior to its maturity in 2022. The senior note was issued in February 2017 with an aggregate principal amount... more
Record year for port of Barcelona
Attaining new heights: The port of Barcelona was able to increase its container throughput by 15% in 2018. The port lifted a record 67.7 million t across all cargo sectors last year, a 10% increase year-on-year. Container traffic last year was in excess of 3.4 million teu -... more
Supply vessel for offshore activities enters service
A supply vessel with extensive functions has started service for Rhenus Offshore Logistics, working in conjunction with A1 Offshore Solutions. The customer TenneT uses the ship for supply trips to offshore platforms as well as inspections and repair work on structures and... more
Team Lines goes offboard
The shipping company Team Lines, which belongs to the Belgium-based Delphis Group, will stop all activities of Team Lines Deutschland with effect from 11 February. The feeder shipping company recently informed the customers and partners in a letter, blaming the... more
Joint action to foster inland waterways in India
The Indian register of shipping and the government of Assam, a state in India’s north-east, have signed a memorandum of understanding to enhance the state’s inland water transport system and to improve commuter safety. The MOU follows the funding agreement between the government... more
All's well that ends well for crew of MSC Mandy
The six crew members who had been kidnapped from the containership “MSC Mandy” during a pirate attack about 55 miles off the coast of Cotonou (Benin), on 1 January 2019, are now free. Seven to nine pirates with automatic firearms and knives boarded the 2,700 teu vessel,... more
Port Synergy - growth in 2018, upgrade in Le Havre
The France-based Port Synergy Group processed just over 2.3 million teu in 2018, 9% more than in 2017. The group’s share of the container market in France amounts to about 50%. The boxes are handled by its two main subsidiaries - GMP and Euro Fos. The two container terminals are... more