Shipping will be at the forefront of recovery, says UNCTAD
Global maritime transport is expected to drop by 4.1% this year as a result of the coronavirus, reports UNCTAD. However, the organisation expects maritime trade growth to bounce back in 2021 and increase by 4.8%,...Read more
Charter rates keep rising
Charter rates for multipurpose vessels keep rising bit by bit since the sudden fall at the beginning of the year. Day rates increased by 114 dollars to USD 6,729 this month, Toepfer’s multipurpose shipping index...Read more
C.H. Robinson moves large batch of air coolers
PRESS RELEASE – C.H. Robinson Project Logistics has transported 18 air coolers from Oklahoma to the Port of Houston and onto ocean vessels bound for the Middle East. The transport was carried out for one...Read more
IMO’s CO2 plan swarmed by disagreement
IMO’s plan to legislate a 40% reduction in maritime CO2 emissions within ten years has resulted in a mixed response from shipping organisations. The environmental movement, on the other hand, has sharply criticised the plan...Read more
Spliethoff adds sixth P14-type vessel to its fleet
PRESS RELEASE – Spliethoff has acquired an additional P14-type vessel. The vessel is renamed Plantijngracht (former name: ‘St. Pauli’) and reflagged to the Dutch register. The vessel is currently in Algeciras to undergo maintenance and...Read more
UAL starts direct service between Netherlands and East Africa
PRESS RELEASE – Universal Africa Lines is starting a new, direct service between Northwest Europe and East Africa, with calls planned in Mozambique, Tanzania and Kenia.Read more
SAL buys Intermarine to expand its Americas business
SAL Heavy Lift has bought a majority stake in Intermarine. Together, the companies want to become an “unrivalled shipping setup” within the Americas and cross-Atlantic trade. Former BBC Chartering CEO Svend Andersen has been brought...Read more
UHL and Marguisa create joint venture to continue Africa services
United Heavy Lift and Marguisa have established a joint venture called United Marguisa Lines to continue their joint services to Africa. “The first year of the joint sailings has proven valuable to many clients and...Read more
Blue Water Shipping target of hacker attack
Blue Water Shipping has been the target of an attempted hacker attack but with the help of experts, the company was able to prevent an actual breach of the system, the freight forwarder announces on...Read more
DB Schenker delivers world’s largest rail mounted machine in Australia
PRESS RELEASE – DB Schenker has delivered almost 200 components for the world’s largest rail mounted vehicles with a total weight of 90,000 freight tonnes. They were transported by land and sea over a distance...Read more
Shipping ever safer but fires are cause for concern
The number of shipping disasters involving the complete loss of a ship fell to its lowest level ever last year. On the other hand, the growing number of serious fires on container ships is giving...Read more
Dutch shipowners angry about delay in protection against pirates
Dutch shipowners are angry that entry into force of the Merchant Shipping Protection Act has been delayed. This law allows the use of private armed security on board Dutch ships to protect them from pirates....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 moreCharter 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
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
ITF: “Enough is enough, seafarers should exercise right to leave ships”
The International Transport Workers’ Federation (ITF) has said it will now assist hundreds of thousands of seafarers to exercise their right to stop working, leave ships, and return home. After weeks of calling on governments...Read more“Substantial segments of German fleet endangered in existence”
The German shipowners association VDR warns that the pandemic has an even bigger impact on the country’s shipping industry than the financial crisis of 2008. “Substantial segments of the German merchant fleet are foreseeably endangered...Read moreShips sound their horns for the 150,000 seafarers stuck at sea
By May 15 there will be 150,000 seafarers stuck at sea as countries around the globe are denying shore access in fear of the coronavirus. Today at noon, ships around the world will sound their...Read more