Hapag-Lloyd has announced it plans to issue a sustainability-linked senior note. Hapag-Lloyd AG plans to issue a sustainability-linked corporate senior notes of €300 million (US$356 million), which will comply with the principles of the International Capital Market Association (ICMA). A consortium of banks has been engaged to hold meetings with potential investors in the near […]

ZIM has announced its financial results for the fourth quarter and full year 2020. Source: https://www.vesselfinder.com Zim has generated the highest net income in its 75-year history during the last year despite the outbreak of the pandemic, according to Eli Glickman, the company’s president and CEO, who stated that the all-time records and the milestones […]

DKT Allseas will operate a new service, which will link the Chinese ports of Shanghai and Ningbo with the Port of Liverpool in the United Kingdom. Source: Peel Ports DKT Allseas will launch a new service from China to Liverpool in April aiming to support customers who are facing increased ocean freight rates, as well […]

A new digital era begun at the Port of Piraeus through the first ever private mobile network delivered by Vodafone in Greece on behalf of PPA and PCT. The Port of Piraeus aims to accelerate the digitalisation of its processes and applications after its agreement with telecommunications company Vodafone for new technologies that will offer […]

CMA CGM and Hapag-Lloyd have announced new rates for a number of key trades out of Asia. CMA CGM and Hapag-Lloyd have announced new charges from Asian ports to various destinations worldwide, effective from 1 April, following similar increases in North Europe and Mediterranean prices. CMA CGM will apply an increase of US$200/20′ and US$400/40′ from […]

Adani Ports signs Letter of Intent to develop Colombo’s West Container Terminal in Sri Lanka. Source SLPA. Adani Ports & SEZ announced it has signed a Letter of Intent (LoI) with the Sri Lankan government to develop and operate the strategic West Container Terminal (WCT) at Colombo Port. Adani will develop the controversial WCT on […]

In 2019 the expectation was that 2020 would be all about the sulphur cap. As it happened the switch to low sulphur fuels was pretty much seamless and the world had other things to concern itself with. Even so some misconceptions around VLSFO remain. IMO 2020 compliant fuels have been in use for over a […]

Zhonggu Logistics will start the China-Vietnam 1 (CV1) service, its first overseas route on 20 March. Source: https://www.vesselfinder.com China’s largest domestic container carrier, Zhonggu Logistics, will launch its first overseas route, a China-Vietnam service, on 20 March. The China-Vietnam 1 (CV1) service will call Shanghai, Ningbo, Ho Chi Minh and back to Shanghai, and marks […]

CMA CGM and Hapag-Lloyd have published new prices in North Africa and the Mediterranean from April. Source: https://www.vesselfinder.com CMA CGM and Hapag-Lloyd have announced new rates in North Europe and the Mediterranean, which will take effect on 1 April. Firstly, CMA CGM will implement a peak season surcharge of US$500 per TEU from Red Sea […]

Global Ports said that Portchain’s intelligent berth planning system will be an effective technology enabling its customers to monitor berths and cargo handling status in real time. Global Ports have launched earlier in March a new digital project to optimise the allocations of berths at First Container Terminal (FCT) and Petrolesport (PLP) in the Greater Port […]