Profit Wallenius Wilhelmsen slides over weaker project cargo demand
Challenges in biosecurity and weaker project cargo shipments in the Atlantic negatively impacted the Wallenius Wilhelmsen’s fourth quarter results. The operational profit mounted to 168 million dollars, a decrease of 8% compared to last year. The...Read more
No second chance for Hansa Heavy
There will be no second chance for German shipping company Hansa Heavy Lift. Insolvency administrator Christoph Morgen has confirmed that the shipping line ‘will no longer have a business model at its disposal from March...Read more
‘Commercially speaking, I never should have done it’
After a five-day journey through farm fields Mammoet has delivered the Corendon Boeing 747 from Amsterdam Schiphol Airport to Corendon’s Village Hotel, where it will become a 5D-attraction. ‘Commercially speaking, I never should have done it,...Read more
Deteriorated dry bulk market bad news for breakbulk recovery
Hopes of a dry bulk recovery have diminished now that day rates for Kamsarmax and Supramax bulkcarriers have nosedived and declined with as much as 40% since October last year. That could lead to increased...Read more
Boskalis wins 55 million dollar transport job
Boskalis has won a large contract for the transportation of LNG-modules for a North American export facility. The contract has a value 55 million US dollars with additional options for extensions, worth up to 30 million. The...Read more
Iran open for business again… sort of
A new initiative launched by the Foreign Ministers Jean-Yves Le Drian (France), Heiko Maas (Germany) and Jeremy Hunt (United Kingdom) allow European companies to do business with Iran again. Through a special purpose vehicle called INSTEX...Read more
‘Always worry about performance’
‘Always worry about performance.’ Words of advice from the late Hans Kahn, who founded Jumbo Maritime back 1968. In honour of their founding father Jumbo Maritime has released a tribute video in which Dutch heavy weights...Read more
Pirate boss who attacked Dutch ship faces extradition
The pirate boss responsible for attacking the Dutch multipurpose vessel FWN Rapide of shipping line ForestWave in April of last year will likely be extradited to the Netherlands. The man, against whom an international arrest...Read more