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 more
Zeamarine 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
North Sea Port’s breakbulk volume also takes hit
Following the dramatic decline of breakbulk volumes in Antwerp, North Sea Port has also recorded a significant drop in the throughput of breakbulk. Cargo volume fell by 6.6% to 11 million tonnes in 2019. Part...Read more
Breakbulk volumes in Antwerp take massive hit
Conventional breakbulk volume in Antwerp has taken a massive beating in 2019, dropping 18% year-on-year. Port of Antwerp describes the decrease as “a consequence of the turbulence in the world”, pointing at the ongoing trade...Read moreZeamarine in “period of re-establishment”
Zeamarine has responded to media reports following a managerial change at the company which sees insolvency expert Sven Lundehn take the position as chair of the board. Lundehn has been called in to oversee “a...Read more
Swire Shipping extends South Pacific network
PRESS RELEASE – Swire Shipping will be entering a new vessel sharing partnership from New Zealand to Tonga, Samoa (Apia), Cook Islands and Fiji. This service will depart every 10 days from Auckland. “Today’s launch will enable...Read more
Zeamarine in serious trouble, calls in restructuring specialist
Zeamarine has gotten into severe financial problems and is rumoured to be losing millions. The company has hired a restructuring specialist to replace co-founder and managing partner Hendrik Jan Többe as chair of the board. Majority...Read more
SAL Heavy Lift expands fleet with three large vessels
SAL Heavy Lift will buy three “large ladies” capable of lifting 800 tonnes from Heino Winter Group. The vessels will join SAL’s global semi-liner service as many of the company’s existing heavy-lift vessels are tied...Read more
Toepfer foresees good news on multipurpose demand side
Multipurpose and project carriers can pour an extra glass of champagne on New Year’s Eve as the outlook for 2020 is positive, according to shipbroker Toepfer Transport. “There’s good news on the demand side as...Read more
Wilson acquires new tonnage from Arklow and Carisbrooke
Shortsea shipping specialist Wilson has acquired two vessels from Arklow Shipping to further expand its fleet. The purchase follows hot on the heels of an agreement with Carisbrooke from which the Norwegian shipping company also...Read more
DFDS acquires Huisman Group
PRESS RELEASE – To further expand and develop DFDS’ European logistics services, DFDS has acquired 100% of the share capital of the Dutch logistics company Huisman Group BV headquartered in Wijchen. “Huisman Group is an excellent...Read more
Port of Brownsville set to welcome USD 39 billion in LNG investments
PRESS RELEASE – The Port of Brownsville is one step closer to welcoming three new LNG projects with an investment totalling USD 38.75 billion after the Federal Energy Regulatory Commission (FERC) approved their proposals today...Read more
G2 Ocean: “Project cargo will become a bigger part of our income”
G2 Ocean is on a mission to expand its project cargo business. “We believe we have an interesting value proposition. Our goal is to double in size in the next five years”, Vice President Project...Read more
UECC secures USD 70 million in green financing for new car carriers
UECC has secured USD 70 million in green financing for its new hybrid LNG and battery-driven car carriers, taking the company beyond IMO’s target of 40% carbon reduction by 2030. The new vessels will be...Read more
Wagenborg returns to profit despite loss of revenue
Royal Wagenborg has returned to profit in 2018 despite a drop in revenue related to its exit from the Caspian Sea. Improved freight rates and an increase in long term customer contracts lifted results in...Read more
Rhenus and Arkon order eco-friendly multipurpose vessels
Rhenus and Arkon have ordered four eco-friendly multipurpose vessels with a deadweight of 4,200 tonnes each. The vessels will boast a hybrid propulsion system and are designed with an open-top notation opening up new cargo...Read moreMPV-market expected to grow by 2% despite weakened economy
The fragile global economy has weakened the outlook for the multipurpose shipping industry but despite the challenges and uncertainties, the market is still expected to grow by 2% annually until the end of 2021, forecasts...Read more