The ship industry briefing

The latest news, views and numbers you need to know this month

News in Numbers









ICTSI unit Contecon Manzanillo to invest $230m for expansion project

International Container Terminal Services (ICTSI) business division Contecon Manzanillo plans to make an investment of $230m to expand its terminal’s facilities and enhance its infrastructure.

Source: Ship Technology

Taylor Maritime increases stake in Grindrod

Dry bulk shipping company Taylor Maritime Investments has struck a $77.9m deal to acquire a 22.6% interest in Singapore’s Grindrod Shipping Holdings.

The deal was a private, off-market purchase from a unit of Remgro, the biggest shareholder of Grindrod Shipping, and is anticipated to be completed before 28 February 2022.

Source: Ship Technology

DP World reaches agreement to develop DRC Banana Port

Dubai-based port operator DP World has entered into a final collaboration agreement with the Government of the Democratic Republic of the Congo (DRC) to develop a deep-sea port at Banana on the country’s 37km Atlantic Ocean coastline.

This development follows the parties amending the initial contract by signing a term sheet including contract modifications earlier in the year.

Source: Ship Technology


Wärtsilä Voyage has secured an order to supply radio and integrated navigation systems for ten icebreaking liquefied natural gas tankers, which are to be built for the Arctic LNG-2 project. The new contract, which was placed in January, will now be implemented in partnership with Samsung Heavy Industries shipyard.

Source: Ship Technology


Stephen Cotton, General Secretary of the International Transport Workers’ Federation, rejects claims made by the Australian federal government that Australia’s current supply chain challenges are unique to that country

“Most of the world is experiencing supply chain disruption of some form right now, and globally unions are working with industry to attempt to alleviate the pressure that has mounted due to an unprecedented global health crisis. The ITF takes a global view on supply chains and we encourage Australian media and decision-makers to do likewise.

"We understand the reality that policies and disruption experienced in one part of the world will have an impact all the way down the supply chain, ultimately delaying goods reaching consumers. Simply put: the disruption, delays and shortages that we’re seeing in global supply chains are not an Australian-only phenomenon and it is definitely not an MUA-related phenomenon."

Speaking at the organisation's  32nd Assembly, IMO Secretary-General Kitack Lim stresses the importance of the role IMO plays in the effort to decarbonize shipping

"Our collective actions must show our dedication to contribute towards the global issue of climate change. We can only achieve these goals by working together on a global scale and IMO provides the forum for shipping to do its part. The world is watching us.

"The way forward is complex, but by working together I have every confidence that we will ensure that shipping will decarbonise and make a key contribution in the fight against climate change and for cleaner oceans.

"Collaborative and considerate actions are key to making sure no one is left behind. Shipping will continue to drive world trade. The work of IMO is more relevant than ever. As a part of the United Nations family, we will continue to seek outcomes in support of sustainable development and a brighter future for our planet."