VGM panic starts

As part of an Executive Order aimed at strengthening maritime cyber-security, the Biden Administration plans to invest over US$20B over the next five years in port infrastructure including funds for recreating the domestic port crane industry

HGK Shipping, which is Europe’s largest inland waterways shipping company, is acquiring the tank container business of Köppen GmbH, which is a leading provider of inland and intermodal transport services for the chemical industry.

Mediterranean Shipping Company (MSC) has started calling at the Red Sea port of Neom in Saudi Arabia and, in conjunction with its logistics arm Medlog, will invest in the port. Initially, cargo moving to/from Neom, formerly called Duba, will be relayed over King Abdullah Port (KAP), which is located just over 500 miles to the south

Bulk wine shipments are on the rise and flexitanks are in a good position to play a bigger role in this trade.

Korea’s CyberLogitec, a subsidiary of EUSU Holdings, has signed a contract for four software modules with Japanese container shipping company Kambara Kisen.

Politicians in the Netherlands and Belgium are looking to the shipping industry to help fund new security measures to clamp down on the narcotics trade.