Topic: COVID-19

Breakbulk Middle East cancelled for 2021

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
|Comment|author: Tobias Pieffers

Pandemic drives up vessel operating costs

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
|Comment|author: Tobias Pieffers

Wilson maintains profitability through cost control

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
|Comment|author: Tobias Pieffers

Recession 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
|Comment|author: Tobias Pieffers

Charter rates continue upward trend

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
|Comment|author: Tobias Pieffers

BIMCO: Sharp rebound in shipping unlikely

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
|Comment|author: Tobias Pieffers