Antonov 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
The 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
PRESS RELEASE – Wallenius Wilhelmsen has decided to reactivate the last three of its vessels that were placed in cold layup last spring due to the COVID19 pandemic. Reactivation will take place in the third...Read more
The Blue Water Group has booked a record profit of EUR 25.8 million in 2020, despite the pandemic and a cyberattack causing significant turmoil. The record result was achieved by optimisation and positive development of...Read more
The crew change crisis caused by Covid-19 restrictions continues to cause challenges, despite some improvement in the numbers, the Secretary-General of the International Maritime Organization has warned. Currently, some 200,000 seafarers are waiting to be...Read more
The Russian market of oversize cargo transport keeps growing at a steady pace despite the pandemic and the associated negative economic consequences, say leading transport companies operating in this field.Read more
The offshore wind market and Dutch business have kept Van Oord on track in 2020, delivering “solid results despite it being one of the most challenging years in our 150-year history”, says CEO Pieter van...Read more
Following the success of the online edition of the Project Cargo Summit 2021 in February, the next edition, which was scheduled as a physical event on 22 and 23 September this year, will be organised...Read more
Shell has booked its largest-ever loss of USD 21.7 billion as a result of the corona crisis. Large write-offs during the first lockdown already resulted in the largest quarterly loss in the company’s history. Shell...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
With many countries around the world in lockdown, event organizers are bracing themselves for another year without live events. Two major shipping events have already been cancelled or postponed. Read more
Nearly fifty drilling platforms were scrapped in 2020, which is significantly more than in previous years, reports the French financial services provider Kepler Chevreux.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
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
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
