AAL 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 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 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 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
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
PRESS 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 more
Norwegian 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
Industrial 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
Dry 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
New 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 more
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
The Covid-19 pandemic is forcing freight forwarders to expand their services in order to secure contracts. “We have to rethink how we handle project forwarding and offer additional services like engineering”, said managing director Maria...Read more
The charter rates for multipurpose vessels continue to crawl back up from the low levels of June and July this year. Toepfer’s Multipurpose Shipping Index for October shows an increase of 70 dollars to an...Read more
At the Project Cargo Summit, taking place on 23 and 24 September, Peter Sand of BIMCO presented his outlook for project cargo, heavy lift and breakbulk shipping. He sees ‘an industry under pressure’. Yet, there...Read more
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
Breakbulk Americas is the latest event to have been cancelled as the coronavirus pandemic remains cause to prohibit events and restrict international travel. Organizer Hyve Group has rescheduled the event to return to Houston from...Read more
Freight forwarder Agility has recorded a sharp decline in net profit but was able to remain profitable in the first half of 2020. “If the crisis has demonstrated anything, it is the essential value of...Read more
Offshore contractor Boskalis has recorded a net loss of more than EUR 96 million in the first half of the year as a result of a substantial write-off on ships and goodwill of almost EUR...Read more
Jumbo Offshore partnered with Solis Marine to prepare its vessel Jumbo Javelin for the transport and installation works at the Yunlin Offshore Wind Farm in Taiwan, after the company’s engineering team itself was unable to...Read more
