All News

Companies

MSC takes control of Log-In Logistica

MSC has acquired a 67% stake in Log-In Logistica on 21 Jan 2022

Services

BAL launch South China-Vietnam service

BAL Container Line has launched a new South China-Vietnam Express (SVX) service that connects Nansha, Da Chan Bay and Ho Chi Minh City. The 706 teu BAL STAR initiated the service at Nansha on 18 December 2021. The ship was previously chartered by BAL to CK Line and was operating on the South Korea, China, Vietnam route until 13 December 2021. The BAL STAR calling at Da Chan Bay on 20 December 2021BAL Container Line is the liner operating arm of the Shandong Lecang Group. The company was found

Companies

Maersk acquires LF Logistics for $3.6Bn

Maersk has reached an agreement on 22 December 2021 to acquire LF Logistics from current owners Li & Fung (78.3%) and Temasek Holdings (21.7%) for a total enterprise value of $3.6 Bn, with an additional earn-out of up to $160M from future earnings. The transaction will involve LF Logistics' In-Country Logistics (ICL) business which has a projected revenue of $1Bn with an adjusted EBITDA of $250M in 2021, implying a 14.4x EBITDA multiple on the purchase price. The ICL business operates a network

Ports

Savannah vessel queue fully cleared

Remarkable progress at US East Coast but no improvements seen in the US West Coast

Companies

MSC eyes Bollore's Africa terminal assets

Bollore announced on 20 December 2021 that MSC has made an offer to acquire Bollore Africa Logistics for €5.7 Bn (US$6.4 Bn). MSC has until 31 March 2022 to put in a final bid. Bollore Africa Logistics is the biggest transport and logistics operator in Africa with 250 subsidiaries and some 21,000 employees in 49 countries, including 47 in Africa. It is present in 42 ports and operates 16 container terminal concessions and  7 ro-ro terminals, with over 90% of its revenue coming from its port op

Companies

Emirates, CUL & GFS to launch new Vietnam Gulf India service

Emirates Shipping (ESL), China United Lines (CUL) and Global Feeder Shipping (GFS) will jointly launch a new Vietnam Gulf India/Vietnam-Gulf Express (VGI/VGX) service in January 2022. The service will turn in 5 weeks and call at Ho Chi Minh City, Laem Chabang, Port Klang, Sohar, Jebel Ali, Nhava Sheva, Port Klang, Ho Chi Minh City. 4 ships will be used initially with one blank sailing in each 5 week cycle. The first sailing is scheduled at Ho Chi Minh City on 18 January with the 2,741 teu GFS

Services

Samudera starts Singapore-Nhava Sheva service

Samudera has started a new Singapore-Nhava Sheva service using 2 ships of 1,800 teu, the SINAR SUNDA and SINAR SORONG. The service is branded as the Nhava Sheva Singapore Express (NSX) with COSCO and ONE already signed up to take slots on the service, with COSCO retaining the NSX name while ONE calls the service Singapore India Express (SIX). The first sailing started on 13 December 2021 from Singapore.

Services

GSL, OOCL & PIL launch new China-Malaysia service, while CNC goes alone with its own China-Korea-Malaysia link

Gold Star Line (GSL), OOCL and PIL have launched a new service connecting China and Malaysia, marketed respectively as the CM1, CSS3 and CSS. The service was originally scheduled to start on 18 December but the first sailing was delayed at 24 December, serving Qingdao, Shanghai, Xiamen, Nansha, Singapore, Port Klang, Penang, Port Klang, Pasir Gudang, Nansha, Qingdao. It will deploy 4 ships of 2,500 to 2,800 teu, with GSL providing 2 ships, the 2,872 teu AS CASPRIA and 2,554 teu ALS VESTA, whil

Companies

New Ellerman service takes shape

The Ellerman name is revived by Iain Liddell for a new service connecting China to the UK but the service will be marketed under the UniOcean Lines brand. The service has kicked off on with the 2,464 teu BUXHANSA that called at Ningbo on 7 December 2021 and Dachan Bay on 11 December. The ship is currently heading to the Tilbury in the UK. Ellerman has also taken the newly delivered 2,756 teu CAPE HELLAS, that has been chartered for 30 months at a reported daily rate of $54k. The ship docked at

Feedertech and X-Press Feeders launch new Straits India Service (SIS/SIX)

DP World's Feedertech and X-Press Feeders have started a new Straits India Service (SIS)/Straits India X-Press (SIX) that call at Singapore, Port Klang, Nhava Sheva, Mundra, Singapore. The service will turn in 3 weeks with 3 ships of 1,570 to 1,790 teu. The maiden voyage was performed by Feedertech's 1,714 teu ORNELLA from Singapore on 25 November 2021. Feedertech will also deploy the 1,794 teu AS SICILIA with X-Press providing the 1,794 teu HAIAN MIND. The service will call at the DP World ter

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