2,000 redundancies at Maersk, Safmarine and Damco cease to exist
Maersk is laying off 2,000 employees as a result of the large-scale reorganisation that started at the beginning of September. The end of Damco had been in sight for some time, but the Danish shipping...Read more
SAL buys Intermarine to expand its Americas business
SAL Heavy Lift has bought a majority stake in Intermarine. Together, the companies want to become an “unrivalled shipping setup” within the Americas and cross-Atlantic trade. Former BBC Chartering CEO Svend Andersen has been brought...Read more
CLdN ramps up capacity between mainland and UK
PRESS RELEASE – CLdN is ramping up preparations for the end of the Brexit transitional phase on 31 December 2020 by introducing additional capacity on its UK routes. As from last week, 25% extra capacity...Read more
UHL and Marguisa create joint venture to continue Africa services
United Heavy Lift and Marguisa have established a joint venture called United Marguisa Lines to continue their joint services to Africa. “The first year of the joint sailings has proven valuable to many clients and...Read more
Blue Water Shipping target of hacker attack
Blue Water Shipping has been the target of an attempted hacker attack but with the help of experts, the company was able to prevent an actual breach of the system, the freight forwarder announces on...Read more
Turn crisis into opportunity with the Project Cargo Summit 2020 Online
The world economy has taken a massive hit, but as entrepreneurs and economists will often tell you, crises also present opportunities. During the online edition of the Project Cargo Summit 2020 on the 23rd and...Read more
Rhenus moves heavy components using Antonov aircrafts
PRESS RELEASE- Rhenus Projects USA has transported a steam turbine rotor and a couple of rotor casings using Antonov AN-124 aircrafts. Both shipments required additional engineering to safely load the components. Read more
Throughput port of Rotterdam falls sharply, but less than feared
Throughput in the port of Rotterdam decreased by 9.1 per cent in the first half of the year compared with 2019, amounting to 218.9 million tonnes. Container throughput was only 3.3 per cent down on...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
Conoship and Kenzfigee design breakbulk transshipment barge
Ship designer Conoship International and crane specialist KenzFigee have joined forces to design a cost-efficient crane barge combination for the transhipment of dry and breakbulk cargoes.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
Charter rates have bottomed out
The charter rates for multipurpose vessels have bottomed out. Toepfer’s Multipurpose Shipping Index for July shows the rates bouncing back a notch to 6,391 dollars per day for a 12,500 dwt geared vessel. Read more
PSA Antwerp invests in expansion of breakbulk capabilities
PSA has invested heavily in its Breakbulk Terminal in the port of Antwerp in the past few months. The terminal operator has added several new cranes to increase its steel handling capabilities. Read more
Maersk introduces penalty for misdeclared out-of-gauge cargoes
Maersk is introducing a new penalty fee for the misdeclaration of out-of-gauge cargoes. The container carrier says it is experiencing too many incidents with shipments causing issues due to wrongly declared dimensions. The surcharge is...Read more
Wagenborg nearly quadrupled its profit in 2019
Royal Wagenborg significantly improved its profit last year. The company’s operating result more than doubled from 27 to 71 million euros, while the net profit jumped from 13 to 44 million euros. This year the...Read more
UHL names DUO Shipping as exclusive agent for Turkey
United Heavy Lift (UHL) has signed an agreement with DUO Shipping to be the company’s exclusive commercial representative in Turkey. The contract takes immediate effect and will help the German project carrier to expand its...Read more
UAL Fortitude commences first sailing on new Mediterranean service
PRESS RELEASE – On June 24, the UAL Fortitude will commence its first sailing on Universal Africa Lines’ new liner service between the Mediterranean and Black Sea to West Africa.Read more
Thorco Projects’ asset-light strategy pays off amidst corona crisis
Thorco Projects’ asset-light strategy is paying off. Since the start of the new strategy in 2016, the company has been steadily increasing its sales and profit and so far, the coronavirus has not caused any...Read more