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
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
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
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
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
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
ShippingAfter almost two years of intensive negotiations and preparations, Jüngerhans has succeeded in securing financing for 10 heavy-lift ships.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
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 more
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
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
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
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 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
Project logisticsThe 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
ShippingThe 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
Project Cargo Summit 2020The 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
EventsBreakbulk 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
Project logisticsFreight 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
