Charter rates bounce back a little
The charter rates for multipurpose vessels have bounced back a little, shows Toepfer Multipurpose Shipping Index. Rates increased slightly in August to USD 6,492 per day for a 12,500 dwt geared vessel.Read more
Structural simulation models increase efficiency in supercargo transport
The structural assessment process for heavy-lift transport projects on multi-purpose vessels can vastly benefit from existing finite element (FE) models, says DNV-GL. The simulation model can help to quickly determine if and how super heavy...Read more
DSV and BBC sued for USD 97 million for using confiscated port in Cuba
American Sugar is suing Goldwind, DSV Panalpina and BBC Chartering under a controversial law for using its confiscated port in Cuba. The sugar trader demands USD 97 million in damages, the exact amount the port...Read more
Breakbulk Europe cancelled for 2020
Breakbulk Europe has been cancelled for 2020. “Government regulations impose a ban on all events and exhibitions with 1,000 or more participants until 31 October 2020, which means it is impossible to deliver the event...Read more
Video: Load-out and commissioning of IHC pipelay system
Royal IHC has delivered a J-Lay system following one of the most complex mobilisation operations ever seen in the North East of England, according to the company. The system will be installed onto ZPMC’s multi-purpose...Read more
Wallenius Wilhelmsen ships 39-metre long drag conveyor for Intrame
PRESS RELEASE – Wallenius Wilhelmsen has transported a 39-metre long drag conveyor across the Atlantic for Spanish manufacturer Intrame. Together with other parts of a dismantled asphalt plant, the cargo was transported over sea from...Read more
Schlumberger cuts 21,000 jobs
Schlumberger is cutting 21,000 jobs in response to the pandemic and related oil crisis. CEO Olivier le Peuch says the second quarter “has probably been the most challenging quarter in the past decades.” The company...Read more
Shipping ever safer but fires are cause for concern
The number of shipping disasters involving the complete loss of a ship fell to its lowest level ever last year. On the other hand, the growing number of serious fires on container ships is giving...Read more
Dutch shipowners angry about delay in protection against pirates
Dutch shipowners are angry that entry into force of the Merchant Shipping Protection Act has been delayed. This law allows the use of private armed security on board Dutch ships to protect them from pirates....Read more
AAL ships large cable carousel for Formosa 2 project
PRESS RELEASE – AAL Shipping has delivered a 23-metre diameter cable carousel to Jan De Nul for the Formosa 2 offshore wind farm project, 9.5 kilometres off the coast of north-west Taiwan.Read more
BigLift ships three reactors from Port of Venice to Thailand
PRESS RELEASE – Three mega reactors manufactured by Porto Marghera based ATB Group have left the Port of Venice for Thailand on board BigLift’s heavy load carrier Happy Star. The reactors’ diameters range from 5.4...Read more
Drewry: charter rates won’t recover until end of 2021
Charter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained, says...Read more
Wilson CFO: “There should be fewer, bigger players”
The European shortsea sector has been struggling for over a decade. “Consolidation is much needed, says Wilson Shipping’s CFO Stig Vangen. “There should be fewer, bigger players because the options are running out. And it...Read more
Wagenborg expands ro/ro service with new Baltic line
Wagenborg Shipping Sweden is expanding its ro/ro liner services in the Baltic region. The company has now started a new ro/ro line between Riga in Latvia and Oxelösund in Sweden.Read more
GALA completes largest contract to date: the Trans Adriatic Pipeline
German Albanian Logistics Agency (GALA) has completed its largest contract to date: handling the logistics of the offshore section of the Trans Adriatic Pipeline (TAP), which connects Albania and Italy as part of the Southern...Read more
Maersk ships millions of masks to North America… by air
Maersk Special Project Logistics (SPL) has shipped 53.3 million N95 facial masks from Asia to North America between April and May. Not wit its container vessels, but by air, using multiple full Boeing 747-400F and...Read more
United O7 expands in the Middle East with Dubai office
United Heavy Lift and Ocean7 Projects have expanded their Middle East presence by opening a new office in Dubai under their joint United O7 brand. The office will focus on chartering and is headed by Anup...Read more
AAL moves generators for Siemens
PRESS RELEASE – AAL Shipping ahs transported two 350-tonne Siemens generators for gas-fired power plants in Europe and Iraq. The units were built at Siemens energy hub in North Carolina in the US. Read more