Vestas increases revenue by 67% despite “challenging circumstances”
Vestas has increased its revenue by 67% in the second quarter to a total of EUR 3.5 billion. While the pandemic is creating some difficulties, the turbine manufacturer is confident about the remainder of 2020...Read more
Russia forecasts significant growth in super-heavy cargo transports
The Russian market for super heavy cargo is expected to grow by 2 to 4% annually in the next few years. In addition to the domestic power industry, the development of hydrocarbon reserves in Northern...Read more
Rhenus moves heavy components using Antonov aircrafts
PRESS RELEASE- Rhenus Projects USA has transported a steam turbine rotor and a couple of rotor casings using Antonov AN-124 aircrafts. Both shipments required additional engineering to safely load the components. Read more
Wallenius Wilhelmsen ships 39-metre long drag conveyor for Intrame
PRESS RELEASE – Wallenius Wilhelmsen has transported a 39-metre long drag conveyor across the Atlantic for Spanish manufacturer Intrame. Together with other parts of a dismantled asphalt plant, the cargo was transported over sea from...Read more
AAL ships large cable carousel for Formosa 2 project
PRESS RELEASE – AAL Shipping has delivered a 23-metre diameter cable carousel to Jan De Nul for the Formosa 2 offshore wind farm project, 9.5 kilometres off the coast of north-west Taiwan.Read more
BigLift ships three reactors from Port of Venice to Thailand
PRESS RELEASE – Three mega reactors manufactured by Porto Marghera based ATB Group have left the Port of Venice for Thailand on board BigLift’s heavy load carrier Happy Star. The reactors’ diameters range from 5.4...Read more
Drewry: charter rates won’t recover until end of 2021
Charter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained, says...Read more
Conoship and Kenzfigee design breakbulk transshipment barge
Ship designer Conoship International and crane specialist KenzFigee have joined forces to design a cost-efficient crane barge combination for the transhipment of dry and breakbulk cargoes.Read more
Wilson CFO: “There should be fewer, bigger players”
The European shortsea sector has been struggling for over a decade. “Consolidation is much needed, says Wilson Shipping’s CFO Stig Vangen. “There should be fewer, bigger players because the options are running out. And it...Read more
Wärtsilä wins 200 MW power plant contract in South America
PRESS RELEASE – Wärtsilä has won a contract to supply a flexible baseload 200 MW power plant to a country in the Northern Andes. The plant will be powered by 11 Wärtsilä 50SG engines running...Read more
GALA completes largest contract to date: the Trans Adriatic Pipeline
German Albanian Logistics Agency (GALA) has completed its largest contract to date: handling the logistics of the offshore section of the Trans Adriatic Pipeline (TAP), which connects Albania and Italy as part of the Southern...Read more
AAL moves generators for Siemens
PRESS RELEASE – AAL Shipping ahs transported two 350-tonne Siemens generators for gas-fired power plants in Europe and Iraq. The units were built at Siemens energy hub in North Carolina in the US. Read more
Charter rates have bottomed out
The charter rates for multipurpose vessels have bottomed out. Toepfer’s Multipurpose Shipping Index for July shows the rates bouncing back a notch to 6,391 dollars per day for a 12,500 dwt geared vessel. Read more
EMS Log strengthens presence in Southern Germany
PRESS RELEASE – German transport specialist EMS Log has opened a new branch office in Seelbach, Baden-Württemberg, on July 1. Head of the office in Southern Germany is Jürgen Menge, who has extensive experience in...Read more
Wagenborg nearly quadrupled its profit in 2019
Royal Wagenborg significantly improved its profit last year. The company’s operating result more than doubled from 27 to 71 million euros, while the net profit jumped from 13 to 44 million euros. This year the...Read more
UHL names DUO Shipping as exclusive agent for Turkey
United Heavy Lift (UHL) has signed an agreement with DUO Shipping to be the company’s exclusive commercial representative in Turkey. The contract takes immediate effect and will help the German project carrier to expand its...Read more
CLdN starts direct service between UK and Spain
CLdN has started a new pure ro/ro service between the UK, Ireland and Spain to keep cargo moving amidst the corona crisis. With all cargoes being moved unaccompanied by truck drivers or passengers, the service...Read more
UAL Fortitude commences first sailing on new Mediterranean service
PRESS RELEASE – On June 24, the UAL Fortitude will commence its first sailing on Universal Africa Lines’ new liner service between the Mediterranean and Black Sea to West Africa.Read more