Industrial equipment manufacturer JCB halts all UK production
PRESS RELEASE – Industrial equipment manufacturer JCB has stopped production at all of its UK manufacturing plants as disruption resulting from the worldwide Coronavirus pandemic causes an unprecedented reduction in global demand. The company has halted...Read more
WW reduces fleet and cancels dividend in COVID-19 response
PRESS RELEASE – Wallenius Wilhelmsen (WW) is taking “decisive action” in response to the coronavirus. The company will reduce its active fleet by sending 10 vessels into cold lay-up, scrapping another four vessels and possibly...Read more
Governments urged to facilitate crew change of 100,000 seafarers
The shipping industry has urged governments around the globe to facilitate the movement of seafarers to keep world trade moving. Every month, 100,000 seafarers need to be changed over from the ships which they operate...Read more
Coronavirus forces organizers to postpone and cancel breakbulk events
The outbreak of the coronavirus is having a major impact on the transport and logistics industry but event planners are faced with tough decisions as well. An increasing number of breakbulk and project cargo events...Read more
Demand growth for multipurpose shipping wiped out by coronavirus
There’s little chance left that multipurpose and heavy-lift vessels will see any demand growth this year following the outbreak of the coronavirus. “Any anticipated recovery will not be sufficient to offset contractions of the first...Read more
Zeamarine closes offices in Denmark
Zeamarine is closing its operations in Denmark. The Danish subsidiary has filed for bankruptcy resulting in the closure of two offices and 23 employees being sent home, confirms local liquidator Hafnia Law. The German breakbulk carrier...Read more
Port of Rotterdam handles more breakbulk in 2019
The Port of Rotterdam handled 2.9% more conventional breakbulk in 2019 as a result of an increase in extra cargo packages, the port authority states. The growth is somewhat surprising as Europe’s leading breakbulk port,...Read more
Charter rates for multipurpose vessels remain stable so far
Despite the coronavirus, a very low Baltic Dry Index and problems at Zeamarine, charter rates for multipurpose and heavy-lift vessels so far seem to remain stable, according to Toepfer’s Multipurpose Shipping Index. Toepfer’s Multipurpose Index measures...Read more
Zeamarine officially insolvent as restructuring continues
The German booking and operation offices Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering have come under court supervision while the restructuring of the Bremen-based MPV-operator continues, meaning the company is officially insolvent. In the first official...Read more
Coronavirus likely to hit multipurpose shipping hard too
Amidst the chaos and uncertainty, analysts find it difficult to estimate the exact impact of the coronavirus on the multipurpose and heavy-lift shipping industry but certain is that key markets and competing sectors are heavily...Read more
Breakbulk Europe returns to Bremen in 2021
Breakbulk Europe will return to Bremen for the fourth consecutive year in 2021. “Bremen has proved to be a good fit for the Breakbulk attendees with its historical charm, modern amenities, maritime environment and visitor...Read more
Intermarine reopens for business with three Americas services
Intermarine has reopened its doors for business launching three services covering the US Gulf, the Caribbean and South America. Intermarine disappeared as a brand following a merger with Zeaborn to form Zeamarine in 2018. The...Read more
Meriaura adds coaster to fleet
PRESS RELEASE – Meriaura Shipping has added a new ship to its fleet, the 4,450 dwt M/V Friendland. According to the company, the vessel has a favourable dead weight/volume ratio (7200 m3) and is, therefore,...Read more
Intermarine brand revived as Zeamarine spins off US business
Intermarine has been resurrected as an independent shipping company as Zeamarine is spinning off its Americas business as part of the restructuring process announced in December. The company will be managed by Richard Seeg, who...Read more
Rhenus orders electric harbour crane for deepsea terminal in Rotterdam
PRESS RELEASE – Breakbulk and heavy-lift terminal operator Rhenus Logistics has ordered the first electric mobile harbour crane in the Netherlands for its deepsea terminal in Rotterdam. The eco-efficient Konecranes Gottwald crane will use external...Read more
Mammoet and LADOL create project cargo hub in Lagos
PRESS RELEASE – Nigerian company Lagos Deep Offshore Logistic Base (LADOL) and Mammoet, the global have signed a strategic partnership aimed at expanding LADOL’s project cargo capacity for industrial sectors in West Africa. The partnership will enable...Read moreZeamarine rumoured to offload at least 15 vessels
Zeamarine is rumoured to be offloading at least 15 vessels as part of the business restructuring announced last month. That corresponds to a quarter of its current 67-vessel fleet. The vessels will likely join the...Read more
Drewry expects double-digit growth in charter rates for larger ships
The outlook for the multipurpose shipping industry is brightening. Despite the rising geopolitical risk and economic uncertainty, Drewry forecasts that average earnings for breakbulk and heavy-lift shipping companies will rise 6% in 2020 and continue...Read more