The time of the tankers 
Vitol Marine Fuels, a subsidiary of the Vitol Group headquartered in Rotterdam and Geneva, has acquired the Singapore-based bunkering specialist Sinanju Tankers Holdings (“Sinanju”). The Singapore bunkering licence holding entity has been renamed Vitol Bunkers and from 1... more
Cosco Shipping: 2019 results meet expectations
Cosco Shipping looks back on a satisfactory performance in 2019. During the reporting year, the group handled 25.74 million teu in container shipping, +18.1% compared to 2018. Of these volumes, Cosco Shipping Lines carried 18.78 million teu, while Orient Overseas Container Line... more
Indian Register convoys vessel conversion
International ship classification society Indian Register of Shipping (IRClass), has classed its first vessel under the Lebanese flag. The vessel - which is named "Jouri" - was converted from a vehicle carrier to a livestock carrier under the survey of IRClass which... more
Red Sea Gateway opens a new chapter
The Red Sea Gate Terminal (RSGT), a terminal operator representing a partnership between the Saudi Industrial Services group Sisco and the Malaysian Mining Company (MMC), has officially taken over operations in the northern section of Jeddah Islamic Port, previously known as... more
K Line to adjust previous forecasts
The Japanese liner K Line is planning to record the extraordinary loss on valuation of investment securities in the consolidated financial results for the fiscal year ending 31 March 2020. These are investment securities classified as “available-for-sale securities”, where... more
Night-time closure for traffic on the Rhine
Inland navigation on the Upper Rhine also feels the effect of the unprecedented Covid-19 pandemic from which France and especially the region Alsace are currently suffering. Under these circumstances, the lock operators on the Upper Rhine, Wasserstraßen- und... more
A bigger slice of Hapag-Lloyd
Special circumstances demand special measures. In this case, Kuehne Holding, in contrast to earlier statements, has further increased its share in the Hamburg-based carrier Hapag-Lloyd through its subsidiary Kuehne Maritime. After having bought its first stake of Hapag-Lloyd... more
Fostering trimodal solutions at duisport
Duisport has developed a trimodal container terminal as part of the new logistics concept for the logport VI location, including the basic conditions for legal approval. The area measures roughly 430,000 sqm and has a 500 m quay wall. The aim of the town of Duisburg and the... more
Ro-ro terminal at Stockholm in the making
The last two of nine ramps for rolling goods have been installed at the Stockholm Norvik Port. Five were delivered to the recently newly rebuilt Värtahamnen Port and two to the reconstructed Port of Kapellskär. The ro-ro terminal is scheduled to open in September and will be... more
Mixed results for Cosco Shipping Ports
There was a year before corona. In 2019, the Chinese port and terminal operator Cosco Shipping Ports witnessed rising revenues, which surged by 2.7% to USD 1.02 billion, but declining profits, which went down by 7.1% to USD 272.7 million. Nevertheless, adjusted net profit rose... more