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
EMS Chartering opens branch office in St. Petersburg
German logistics company EMS Chartering has expanded ist network with a new office in St. Petersburg. Since the beginning of June, Senior Representative/Chartering Manager Alexey Yemtsov takes care of the market in Eastern Europe.Read more
AAL moves 38 yachts in one go
AAL Shipping has shipped 38 private yachts on deck in a single sailing from Fort Lauderdale to Southampton and Antwerp. The cargo covered an area of 2,500 square metres, or half a football field, and...Read moreDecline in charter rates starts to slow
Average charter rates kept falling in the past month but the decline has significantly slowed in pace. In June, the average day rate for a 12,500 dwt multipurpose vessel fell by 60 dollars compared to...Read more
Höegh Autoliners names Andreas Enger as new CEO
PRESS RELEASE – Effective 8 September 2020, Andreas Enger will become Höegh Autoliners’ new CEO. He currently serves as Chief Financial Officer (CFO) and will take over from current CEO, Thor Jørgen Guttormsen. Andreas will continue...Read more
Gebrüder Weiss opens new office in South Korea
Austrian logistics provider Gebrüder Weiss has opened a new Air & Sea office in the South Korean capital of Seoul, effective June 1st. The new location will be manned by fifteen employees and provide project...Read more
Wilson and Arkon create shortsea shipping giant
Wilson and Arkon Shipping have signed a deal to join forces and create Europe’s largest shortsea shipping company with a fleet of more than 130 vessels. Read more
Wagenborg opens new office in Terneuzen
PRESS RELEASE – Wagenborg has opened a new office in Terneuzen to expand its services in the Netherlands and Belgium. Specifically, the office will support the company’s ro/ro liner service to and from the Baltic...Read more