Hapag-Lloyd signed a binding agreement today (25 January) to acquire a 35% stake in J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Furthermore, the German shipping company inked a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company […]

French carrier CMA CGM has announced a new rail service solution for export cargo from Semarang and Surabaya in Indonesia to worldwide destinations via the Jakarta gateway with an intermodal transit time of one day. The company noted that the new offering, which is expected to commence in February, will provide coverage of Jababeka and […]

Source: Maritime Bulletin The 1989-built container ship Anil capsized and sank in Asaloyeh port in Iran on 24 January during cargo operations and as a result, several containers fell at sea and were afloat in the harbor. The official IRNA news agency reported the vessel overturned because boxes were configured incorrectly at the port’s dock […]

The Valencia Containerised Freight Index (VCFI) ended 2022 with a 13.10% drop in December compared to November. The Port Authority of Valencia (PAV) noted that it is the index’s fourth consecutive month of decline in a year marked by uncertainty and market ups and downs. Congestion levels have continued to fall in recent months, but […]

C1, a climate tech start-up, has raised growth capital from Maersk Growth, the venture capital arm of A.P. Moller – Maersk, in order to accelerate the scaling of their ultra-efficient catalysis, which will enable mass production of green methanol without the usual premium paid for sustainably produced methanol. According to a statement by C1, besides […]

Source: hvzeeland.nl According to Maritime Bulletin, the 5,000 TEU container ship CMA CGM Barracuda ran aground in the Netherlands on 13 January. The 2007-built vessel was sailing from the port of Antwerp in Belgium to the port of Hamburg in Germany when at around 01:00 (local time) it ran aground in front of Kruiningen on […]

Port of Singapore Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record volumes in the previous year. Despite the fall of 3-4% in global container trade, the Port of Singapore achieved its second busiest year in its history. […]

A post-panamax ship operated by Maersk Line, the 7,849 TEU GSL Eleni, has been docked at Ogden Point, Canada, after losing its steering functions over the New Year weekend. The incident occurred nearly a year after an SM Line-operated ship, SM Busan, had to be docked at the same place on 2 January 2022, after […]

Four of five seafarers on a general cargo ship carrying containers are feared dead after going missing when the vessel sank on 3 January. In the early morning local time on 3 January, the Mongolian-flagged 2001-built 890 dwt Long Shun, sailing around Matsu Islands in Lienchiang County, sent a distress signal, indicating that it was […]

A container vessel lost stability while unloading cargo at India’s Mundra Port over the weekend, briefly disrupting normal operations. The Panama-flagged, 1999-built  arrived at Mundra International Container Terminal (MICT) from Jebel Ali on 7 January. MICT is operated by DP World under a concession arrangement with the Mundra port owner Adani Group (APSEZ). As a […]