Maritime Logistics Professional

Maritime Logistics Professional

Friday, June 18, 2021

Deutsche Bank Set for $1 Bln Windfall from Zim Bets

Deutsche Bank is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday.Citing unnamed sources familiar with the matter…

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Port Logistics

GAC Building Logistics Facility in Ras Bufontas Free Zone

Construction is underway on GAC Qatar’s new 27,000m² multi-user contract logistics facility after the groundbreaking ceremony in the Ras Bufontas Free Zone.It follows the signing of an agreement between GAC and Qatar Free Zones Authority (QFZA) in February this year. The facility is expected to be completed by early 2022.

Cruise

Lindblad Expeditions Sets Sail Again

This week guests boarded National Geographic Quest for the first time in over 15 months, and also saw the restart of National Geographic Venture in Alaska, and National Geographic Endeavour ll in Galapagos.Sven Lindblad, Founder and Co-Chair of the Board joined the first Alaska voyage and shot the rainbow photograph above.

Intermodal

Port Delays: Wait Times at Yantian Port Mount

Blank sails likely at Port of Yantian as median dwell times climb to over two weeks, shows project44 data Vessel delays at the Yantian Port, a deepwater port in Shenzhen, has been worsening over the last week and the port is expected to remain congested throughout the month, based on pro-ject44’s container dwell time data.

Company News

Maryland Port Administration, Port of Baltimore Joins CDMCS

The Maryland Port Administration (MPA), Port of Baltimore, officially joined the Council for Dredging and Marine Construction Safety (CDMCS), a national unified safety voice for the dredging and marine construction industry.The Port of Baltimore is one of the busiest seaports in the United States…

Contracts

Stena RoRo E-Flexer Côte d'Opale Delivered to DFDS

The RoPax vessel Côte d'Opale – Stena's fifth E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai) – was delivered May 17, 2021 in a ceremony with representatives from Stena RoRo, DFDS and the shipyard.The ship, at 214m long will become the longest ferry operating in the…