Amazon scales up intermodal game in Europe
Global e-commerce giant Amazon seems to be taking decisive steps to decarbonise its European supply chains. The company has revealed that during 2023, rail and sea transport’s share in its logistical solutions increased by 50 per cent. Trucks still play an important role in first and last-mile operations; however, Amazon claims it is committed to […]
Opinion: Shining a Light on Grey, Not Green, Alternative Fuels
The benefits of alternative maritime fuels are a current topic that is not always fully explained. For LNG, we understand that there is a reduction in carbon of up to 23% in the two stroke engines which dominate the installed base. Adding increasingly available bio-LNG products produced from waste as a drop-in fuel and implementing […]
PKP Cargo’s overall performance drops, but EBITBA stays positive
The overall performance of PKP Cargo, the Polish state-owned cargo carrier, dropped for the first three quarters of 2023. The volumes were down by 18 per cent year-on-year, while the performance in tonnes-kilometres also declined by 16 per cent. At the same time, the company reported an increase in EBITDA and a return to profit […]
The middle corridor can fulfil different but equally important roles
“Here is an idea. Why not make the Middle Corridor a humanitarian corridor to transport essential goods such as food, energy, health (medical, pharmaceuticals etc)? These goods are always and critically needed, and the Middle Corridor will be less subject to geopolitical tension.” It is one of the suggestions by Leila Batyrbekova, founder of ECATA […]
Royal Caribbean Takes Delivery of Icon of the Seas, the World’s Largest Cruise Ship
Royal Caribbean International has taken delivery of the world’s largest cruise ship, Icon of the Seas, from Meyer Turku shipyard in Turku, Finland. Delivery comes after more than seven years since the order was placed and 900 days of design and construction. Icon of the Seas is the first vessel in a series of three […]
Just two bidders left in race to take over HMM
Widespread reports in South Korea suggest the battle to take over HMM, the country’s flagship line, now has just two parties interested with logistics group LX Group dropping out of the race. HMM’s creditors, including state-run Korea Development Bank and Korea Ocean Business Corp, have put up for sale a stake of about 58% in […]
Chaotic scenes in the Red Sea as Israeli-linked ships are targeted
In chaotic scenes not seen since the 2011 peak of the Horn of Africa piracy crisis, global merchant shipping faced a weekend of terror wrought by Houthis, Iranians and the reemergence of pirates off Somalia. At the centre of all attacks have been ships with links to Israel, and the incidents of the past 72 […]
MSC Slaps Surcharge on Boxes Through Restricted Panama Canal
MSC has slapped a bumper $297 per teu surcharge on shipments transiting the Panama Canal in response to the increasing capacity reductions. It followed the announcement on Tuesday by CMA CGM of a $150 per teu ‘Panama Adjustment Factor’, valid from 1 January. MSC’s surcharge, almost double that of the French carrier, will begin two weeks earlier, on […]
Alex Saverys becomes CEO at Euronav as CMB takes back control
The Saverys family-controlled Compagnie Maritime Belge (CMB) officially took control of Euronav yesterday with John Fredriksen selling his stake in the tanker giant in return for 24 Euronav VLCCs. Now with 49.05% of the shares in Euronav, CMB unveiled a brand new management yesterday with Alexander Saverys taking over from Lieve Logghe as CEO, to […]
Products from Thailand are soon to be on their way by rail to Europe
The first official rail freight service between China and Thailand is a fact. The inaugural train departed on 17 November from Chengdu, and by now, it should already have reached its destination in Map Ta Phut, Thailand. This is the first official link launched between the two countries using the China-Laos railway. Since the service […]
