Cargill Ocean Transportation (Cargill) has looked at alternative approaches to the long-held industry practice of ‘sail fast then wait’ in relation to port calls and, as a new report from the Global Maritime Forum (GMF) sets out, the results of the Cargill initiative showed ‘meaningful emissions savings’ across a range of operational and commercial settings. As the GMF report highlights, commercial ships can spend between 4-6% of their operating year waiting outside ports. While previous studies have examined the potential of port call optimisation, GMF points out that ‘real voyages are shaped by factors that generalised models cannot fully capture’, […]

Dr. Raid Al Rubaiey will succeed Emile Hoogsteden as CEO of SOHAR Port and Freezone with effect from 11 October. SOHAR Port and Freezone is a joint venture between the Port of Rotterdam Authority N.V. and the Sultanate of Oman (ASYAD Group), and Dr. Al Rubaiey, who currently serves as Deputy CEO of SOHAR Port and CEO of SOHAR Freezone, will take over the leadership reins from Hoogsteden, who has held the position for more than four years. Fabio Grandchamp has also been appointed Deputy CEO of SOHAR Port and Freezone. He is the former Chief Operating Officer of the […]

A.P. Moller Capital has announced that, through a separately managed fund vehicle backed by A.P. Moller Holding, it has entered into a definitive agreement to acquire a majority stake in maritime infrastructure company Euroports Group. Following completion of the transaction, A.P. Moller Capital will become the majority shareholder in Euroports alongside SFPIM and PMV, who will remain shareholders. In a statement issued today (28 September), A.P. Moller Capital confirmed that the new consortium led by its majority ownership will jointly support Euroports, while preserving the company’s existing management structure, governance framework and strategic direction. Euroports operates more than 50 deep-sea […]