Hapag-Lloyd, one of the world’s leading shipping giants, has reported impressive financial results for the first nine months of 2024, with growth driven by strong demand and higher freight rates. The global shipping company, which plays a critical role in connecting Africa to international markets, saw a 5% increase inContinue Reading
In a strategic move to enhance global logistics capabilities, Kuehne+Nagel has acquired a 51% majority stake in IMC Logistics (IMC), a leading U.S.-based provider of marine drayage services. This acquisition, a testament to Kuehne+Nagel’s growth strategy, strengthens its access to North America’s critical logistics networks while setting the stage forContinue Reading
Germany’s leading container shipping company, Hapag-Lloyd, has announced its acquisition of the ship management firm Hamburger Lloyd, marking a pivotal development in the maritime sector. Both companies, based in Hamburg, share a long-standing partnership; before the acquisition, Hamburger Lloyd managed 29 vessels for Hapag-Lloyd. Founded in 2007, Hamburger Lloyd initiallyContinue Reading
As significant excess capacity continues to flood the shipping market, with more expected next year, the key question facing analysts is when the market will finally reach a balance. According to the CEO of maritime consultancy Sea-Intelligence, the most optimistic scenario involves a 3.8% year-on-year growth in container volume startingContinue Reading
The signing ceremony took place in Dubai and was attended by notable figures including His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World; Captain Rado Antolovic, PhD, CEO of Drydocks World; You Ruikai, Chairman of ZPMC; and senior management from both companies. The design, construction, testing,Continue Reading
Congo Terminal, a subsidiary of Africa Global Logistics (AGL), is making a substantial investment to build a new port terminal at Pointe-Noire. An allocation of €400 million (around $447 million) has been set aside for this project, which will feature a 750-meter quay with a depth of 17 meters, aContinue Reading
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members who were found in a full cargo hold. This is the second incident of its kind, as a similar accident occurred on another vessel carrying coalContinue Reading
Cleveland Cascades is to supply a Free Fall System to its customer located in Huelva, Spain. The System is to load Copper Concentrates at rates of up to 1,800tph from a Luffing Boom Shiploader. Supplied with a Pivoting Head chute, this system will work through an operating range of -15°Continue Reading
Oldendorff Carriers contracts with Harbor Lab to provide global transparency in port transactions and revolutionise disbursement accounting Harbor Lab’s software platform is deployed across Oldendorff Carriers fleet. Oldendorff Carriers is an industry leader in using technology to streamline processes to save money through accurate invoicing and bring transparency to disbursementContinue Reading
The Unifeeder Group has signed a long-term time-charter agreement for two new methanol-capable container feeder vessels and has an option for an additional two similar vessels. German-based ship owners, Elbdeich Reederei, will build and manage the 1250 twenty-foot equivalent unit (TEU) vessels which will be delivered in 2026. Unifeeder GroupContinue Reading
