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Consolidation Cooking in European Short Sea Shipping

Bruce Barnard, Special Correspondent
Shipping lines on the busy North Sea and Baltic routes are jostling for position ahead of another round of consolidation as the private equity funds and buyout firms that rushed into the market during the boom days of easily available capital and debt finance and strong traffic growth are bowing out.
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News & Analysis

 
Seaway Ports Optimistic Despite Drop in Cargo
13 Jun 2013
The St. Lawrence Seaway reported cargo shipments from March 22 to May 31 totaled 8.1 million metric tons, down 12 percent compared to the same period in 2012.
 
Shreyas Shipping's Profit Jumps 175 Percent
06 Jun 2013
Shreyas Shipping and Logistics, India’s leading coastal container carrier and multimodal logistics company, posted a consolidated net profit of Rs. 15.40 crore (about $2.75 million) in fiscal year 2012-13, up 175 percent from $1 million a year earlier.
 
High Water Forces Upper Mississippi River Closure
04 Jun 2013
The Coast Guard captain of the Port of St. Louis has restricted traffic on the upper Mississippi River following high water.
 
TIGER Funding Awarded for Two Rail Projects
29 May 2013
Ray LaHood, secretary of the U.S. Department of Transportation, has assigned $10.9 million, via a Transportation Investment Generating Economic Recovery grant, to the City of West Memphis, Ark., to expand the city’s ports.
 
EU Agreement Targets Improved Inland Navigation
24 May 2013
The European Commission’s director-general for mobility and transport and the Central Commission for the Navigation of the Rhine’s secretary general sign agreement to improve inland navigation operations.
 
DFDS Loss Widens on Flat North European Cargo Markets
22 May 2013
Denmark’s DFDS reported its pre-tax loss in the seasonally weak first quarter widened to 118 million kroner ($ 20.5 million) from 98 million kroner ($17 million) a year earlier, as cargo traffic stalled on its key North Sea and Baltic shipping routes.
 
BG Freight Line Expands Intra-European Feeder Services
20 May 2013
BG Freight Line, the short sea specialist based in Rotterdam, the Netherlands, will increase the frequency of its services to Liverpool, England, in June.
 
Shreyas Shipping to Launch India Coastal Feeder
15 May 2013
Shreyas Shipping and Logistics announced plans to launch a coastal container service between West India and South India.
 
Samskip Multimodal Boosts Netherlands-UK Capacity
15 May 2013
Samskip Multimodal has increased capacity on short sea services connecting Rotterdam, the Netherlands, to Hull, U.K.
 
New York State’s Canal System Opens for the Season
10 May 2013
New York State’s 524-mile canal system opened for the season this week, welcoming commercial traffic and recreational boaters, Times Union reports.

Companies in the news

COSCO
DFDS
Finnlines
Grimaldi Group
Hanjin Shipping
Hapag-Lloyd
NYK Line
Port of Oakland
Port of Rotterdam
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