Topic: Shipping

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
|Comment|author: Adnan Bajic
MV Lone with fly-jib

SAL buys Intermarine to expand its Americas business

ShippingSAL 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
|Comment|author: Adnan Bajic

Charter rates have bottomed out

Charter ratesThe 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
|Comment|author: Adnan Bajic

Wagenborg nearly quadrupled its profit in 2019

ShippingRoyal 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
|Comment|author: Adnan Bajic

Jumbo: “Our ships continue sailing”

ShippingFollowing the Dutch measures to slow down the spread of the coronavirus, Jumbo Shipping has reported its ships have received the necessary instructions and, for now, continue their schedule. The company’s offices have been closed...Read more
|Comment|author: Adnan Bajic

Fuel prices take a massive nosedive

CoronavirusFuel prices have taken a massive nosedive since the beginning of the year with low sulphur fuel prices in Singapore dropping from USD 734 per tonne on January 1st to USD 415 per tonne today. The...Read more
|Comment|author: Adnan Bajic