The risk of abandoned containers overseas 
Bifa, the trade association for UK freight forwarding and logistics companies, is warning its members about the cost of containers abandoned overseas for which they may be liable. The association says that often its member company has closed the file with the goods shipped... more
ZIM still not out of the red
The Haifa (Israel)-based carrier Zim witnessed a classic result on two fronts in 2018: while revenues surged by 9.1% to USD 3.3 billion (2017: almost USD 3 billion) and volumes shot up by 10.8% to 2.9 million teu (2017: 2.6 million teu), ebitda and the net result declined.... more
West of England - positive about the future
The West of England, a mutual marine insurer, has announced a positive renewal period and a modest increase in renewing premium. Owned mutual tonnage has grown over the year to 90 million gross tons (gt) including the addition of new members at renewal and a further 1.5 million... more
PISR and HSSA join forces
An ambitious ship registry and the oldest shortsea shipping association in Europe set up an alliance. Palau International Ship Registry (PISR) and the Hellenic Shortsea Shipowners Association (HSSA), both operating from Piraeus (Greece), recently signed an agreement to support... more
Sturdy ships for Royal Arctic
KfW IPEX Bank is providing EUR 16.43 million to finance two more transport ships for the Royal Arctic Line. The Greenland-based shipping company already completed a loan for the construction and final financing of two similar vessels in November 2018. Those units are... more
Pearls in the Pacific? 
The maritime carrier Matson’s container services from the US west coast to Hawaii, Alaska and the Pacific Islands have established its status as a strong niche player since 1958. In 2018 it was its California – China services, however, that improved its result. more
Equipment enhancement at ICTSI's Lae terminal
Lae (Papua New Guinea)-based South Pacific International Container Terminal (Spict), a subsidiary of International Container Terminal Services (ICTSI), recently took delivery of three new hybrid rubber tyred gantries (RTGs). The equipment is part of the ICTSI Group’s ongoing... more
Big Lift operates vessels of new cooperation
Big Lift Shipping is to operate the four heavy transport vessels of the new cooperation it inked with Chung Yang Shipping. The combination of two pairs of sisterships – the "Bi Lift Barentsz" and "Big Lift Baffin", plus the "CY Interocean I" and... more
One, two, three - DCT is sold
People have been aware of the negotiations since 2018: now, the consortium around the port operator PSA International has inked the acquisition of Poland's largest port container terminal for a total of EUR 1.1 billion. The international group of investors, which includes... more
22 plant modules shipped to Texas by AAL
The breakbulk and project heavy lift carrier AAL has shipped 22 petrochemical plant modules from the Wilson Heavy Industry Company in Nantong (China), to the ethylene glycol II expansion project (EGEP) in Point Comfort TX (USA) on behalf of the Pacific Ocean Group. The 22... more