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New headquarter in Casablanca

Hapag-Lloyd brings competition to bustling Moroccan port

Tanger - The German Shipping line Hapag-Lloyd has announced it will set up a permanent base of operation in Morocco in a move to expand its global network. With additional personnel and new offices in the country, the company hopes to realize its growth ambitions

India

DP World to invest Rs 2,000 crore in various Tamil Nadu projects

Karur - Logistics services major DP World will come up with fresh investments to the tune of around Rs 2,000 crore in Tamil Nadu, including setting up of a new container terminal, cold storage and sea food processing zone among other units. The other projects lined up include a free trade zone with an integrated rail siding, minor port in the Eastern Coast of Tamil Nadu and inland container depots in Erode, Karur and Tirupur

No forecast for 2021

ONE profits soar to US$3.5b from $105m in 2019

Tokyo - Japanese container line headquartered in Singapore ONE has reported a US$3.5 billion profit for 2020 - an astonishing leap from the $105 million profit declared for 2019. The earnings surge came on the back of a 21 per cent increase in annual revenue

The decision

Turkey to increase southern Mersin province’ capacity

Mersin - The country’s Transport and Infrastructure Ministry stated that the capability of a port in Turkey’s southern Mersin province is going to be extended from 2.8 million to 3.6 million twenty-foot equivalent unit (TEU). Two mega container ships with a length of 400 meters (1,312 feet) is going to be capable to harbor at the same time at the Mersin International Port

Statistics

Port of Antwerp limits damage during corona crisis

Antwerp - The total throughput of the Port of Antwerp fell by 4.9% in the first half of the year compared to the same period in 2019. After a strong first quarter, the port experienced a decline in the transhipment of all flows of goods, with the exception of the container sector. Despite the impact of the coronavirus crisis on global production and logistics chains and a pandemic-driven drop in demand, the port remained 100% operational

Statistics

Port of Piraeus sees marginal container volume growth in Q1

Piraeus - Greece’s largest port – Piraeus – saw marginal increase in the number of containers handled in the first quarter of 2020. Despite the great decline in international trade due to COVID-19, Piraeus managed to marginally increase the number of containers handled on an annual basis

Freight rates

COVID-19 to cut shipping container fleet and slow pricing recovery

London - The outbreak of the coronavirus has disrupted container supply chains around the world and depressed the demand for vessels and boxes. It will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020, although better than in 2019

Statistics

Throughput volume falls at Port of Rotterdam

Rotterdam - In what the Port of Rotterdam called an “exceptional first quarter” the port experienced a 9.3% decrease in throughput compared with the same period for 2019. Throughput in the first quarter 2020 was 112.4 million tonnes compared with 123.9 million tonnes in 2019