Decline in charter rates doubles in pace
The decline in charter rates for multipurpose vessels is accelerating. The average charter rate for a 12,500 dwt multipurpose vessel currently stands at USD 6,863, 5% lower than in March 2020. Charter rates are falling as...Read more
How Logistics Plus moved 3 modules in China from 9,000km away
Amidst the chaos of the coronavirus, freight forwarder Logistics Plus has managed the complete delivery of three modules for an FRSU-project in China, the heaviest weighing 425mt. To workaround travel and quarantine restrictions, the company...Read more
Geodis creates air and rail services for urgent shipments
PRESS RELEASE – Geodis has established a number of air charter services to assist cargo owners with urgent shipments between China, Europa and the United States during the ongoing Coronavirus crisis. Rail alternatives are also...Read more
DSV opens cargo air bridge between US and China
PRESS RELEASE – DSV has opened a new air cargo service between Shanghai and Huntsville, Alabama in response to the decrease in the daily airfreight capacity as a result of the coronavirus. Due to the...Read more
DHL signs wind contracts with three Chinese manufacturers
DHL Global Forwarding has signed three contracts with Chinese wind turbine manufacturers to ship components like blades, towers and nacelles to project sites across the world. The contracts have an accumulated weight of more than...Read more
Lubbers Global Freight: “We want to be present in all major energy hubs”
As the new kid on the block, Lubbers Global Freight wants to rapidly grow as a specialized freight forwarder for the energy markets. Following a recent takeover in Singapore, the company is now close to...Read more
FESCO moves nuclear submarine parts
PRESS RELEASE – Under a state contract, FESCO has moved nine multisectional blocks of nuclear-powered submarines and a tanker from Kamchatka Territory to a decommissioning site in Primorye Territory. FESCO provided the full range of logistics services...Read more
Asia to become dominant market for wind energy, new study shows
PRESS RELEASE – Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt in 2018 to over 2600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA)...Read more
Confidence in shipping drops due to trade war
PRESS RELEASE – Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from maritime consultant BDO. Yet...Read more
Renewable energy capacity growing at fastest rate since 2015
After stalling last year, the renewables energy market is back on track with double-digit growth according to the International Energy Agency (IEA). The growth is driven in particular by solar power and onshore wind energy,...Read more
Cargolux sets new heavy transport record to China
Cargolux Airlines has delivered the largest single piece of freight it has ever flown into mainland China. The Luxembourg-based airline says there has been solid demand growth for this kind of transport over the past...Read more
Cargotec finally completes takeover of TTS Group’s marine business
Cargotec has completed the acquisition of the marine and offshore businesses of cargo handling equipment manufacturer TTS Group, following a lengthy regulatory approval process in China. The agreement to buy TTS Group’s marine and offshore division...Read more
The common interest of Trump, Xi and project carriers: LNG
A swift trade deal between the US and China could propel the US to the top of China’s LNG supplier list, shows a report from Morgan Stanley. That would be a win-win-win for Trump, Xi...Read moreTrade war jeopardizes forecast wave of LNG shipments
The escalation of the trade war between the United States and China jeopardizes the construction of several mega LNG projects, likely postponing the forecasted wave of project cargo shipments that are needed to build the...Read more
China hits back with tariffs on more than 5,100 American products
Despite Trump’s warning not to retaliate, China will hit back with import tariffs of 5% to 25% on 5,140 American products with a total worth of USD 60 billion, after Washington increased tariffs on Chinese...Read more
Trump pulls trigger on extra tariffs, escalating trade war
United States president Donald Trump today pulled the trigger on a new round of tariffs on Chinese goods, escalating the trade war with China which was seemingly coming to an end. China has said it...Read moreTrump vows to increase Chinese tariffs
U.S. President Donald Trump said on Sunday he will raise tariffs on 200 billion dollars of Chinese goods from 10% to 25% as early as Friday and impose tariffs on another 325 billion dollars worth...Read more