Marine insurers concerned about their own future
The international trade association of marine insurers, IUMI, has expressed concern about whether insurers will be able to keep their heads above water in the long term.Read more
Qatar Airways flies 75 horses from Schiphol to Shanghai
A very unique shipment safely arrived at its destination last week. A total of 75 horses were transported across the entire Eurasian continent, from Hilvareenbeek to Shanghai. The horses weighed an estimated total of 22,5 tonnes. Despite the Gerdine...Read more
Official launch of the Allseas Shipping Company
Following the success of the China Xpress service, Allseas Global Logistics has officially launched its new shipping line. The Allseas Shipping Company is the first British registered shipping line in 40 years. It specialises in...Read more
Maersk completes acquisition of Senator International
Danish integrated container logistics company Maersk completed the acquisition of international freight forwarding, shipping and logistics company, Senator International, which was announced on June 2nd, 2022.Read more
Antonov flies 70 tonnes of oxygen concentrators to Delhi
AirfreightAntonov Airlines has transported 70 tonnes of oxygen concentrators from Tel Aviv to Delhi for its Indian general sales agent Flywell Aviation and supply chain service provider Delhivery. The 2,500 concentrators were loaded onboard one...Read more
Rates for European shortsea vessels improved by 30% in past six months
ShippingThe charter rates for shortsea vessels in the European shortsea market have improved dramatically over the past six months, the new Shortsea Index of German shipbroker Toepfer Transport shows. The rates have increased by more...Read more
AAL adds two G-class vessels to its fleet
ShippingAAL Shipping is taking delivery of two additional G-class multipurpose vessels, expanding its core fleet to 720,200 total deadweight (dwt). The Pacific Action and AAL Gladstone have both served in the AAL fleet before and...Read more
AntwerpXL postponed to December 2021
Industry eventsAntwerpXL has been postponed from March 2021 to 7-9 December 2021 due to the continuing circumstances surrounding the pandemic. The live event will be held at the Antwerp Expo in Belgium.Read more
Breakbulk Middle East cancelled for 2021
EventsBreakbulk Middle East is the first Covid-19 casualty of the planned breakbulk events this year. The postponement of the event to next year follows hot on the heels of the cancellation of Transport Logistic 2021...Read more
Wallenius Wilhelmsen takes 9 vessels out of cold layup
ShippingWallenius Wilhelmsen will reactivate up to 9 of its 16 vessels that are currently in cold layup. Reactivation will take place during the first quarter of 2021 and the reactivated vessels will replace capacity currently...Read more
Jüngerhans succeeds in difficult heavy-lift fleet restructuring
ShippingAfter almost two years of intensive negotiations and preparations, Jüngerhans has succeeded in securing financing for 10 heavy-lift ships.Read more
France and UK reopen border for freight traffic
Transport companies and trade associations are relieved that the border between England and France is reopening for freight traffic. However, it will take days before all the trucks that have accumulated on the British side...Read more
Pandemic drives up vessel operating costs
ShippingPRESS RELEASE – Vessel operating costs have risen at their fastest pace in over a decade this year due to higher insurance cover premiums and Covid-19 related expenses. Yet, they are expected to moderate in...Read moreWilson maintains profitability through cost control
ShortseaNorwegian shortsea carrier Wilson Shipping is reporting fairly stable earnings despite the lower day rates and difficult market circumstances due to Covid-19. In the third quarter, the company’s operating profit amounted to EUR 11.5 million,...Read more
Machinery volumes to decline as Caterpillar’s sales fall by 23%
ConstructionIndustrial manufacturer Caterpillar is shipping out a lot less machinery as a result of the pandemic. Third-quarter sales have fallen by 23% to USD 9.9 billion, compared to USD 12.8 billion in the third quarter...Read more
“Charterers preventing crew change must be held accountable”
ShippingDry bulk representative Intercargo is criticising charterers that prevent crew changes during the period of the charter. The organisation says it has learned that in a number of instances, charterers in the dry bulk sector...Read more
Pacific Drilling latest rig operator to file for Chapter 11 bankruptcy
Oil & GasNew York-listed Pacific Drilling is the latest rig operator to file for a voluntary Chapter 11 bankruptcy in the US to get out of a major debt. Several other rig operators have made a similar move...Read moreRecession not as bad as initially feared
Although the global economy is still predicted for a recession in 2020, the intensity of it is now lower than previously anticipated, analysis of the IMF projections by shipping consultant SeaIntelligence shows. Compared to June,...Read more