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
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
ITF: “Enough is enough, seafarers should exercise right to leave ships”
Crew changesThe 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”
ShippingThe 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
Crew changesBy 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 moreShipowners provide plan for crew changes worldwide
SeafarersAn alliance of shipowners has come up with a plan for safe crew changes in identified key ports all over the globe. Due to travel restrictions, over 100,000 seafarers are stuck on ships putting enormous...Read more
Governments urged to facilitate crew change of 100,000 seafarers
ShippingThe shipping industry has urged governments around the globe to facilitate the movement of seafarers to keep world trade moving. Every month, 100,000 seafarers need to be changed over from the ships which they operate...Read more
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
Industry lashes out over coronavirus-related seafarer treatment
The maritime industry is frustrated by the treatment of seafarers who are left stranded on board of their ships as a consequence of the coronavirus. Travel restrictions are hampering crew changes causing logistical difficulties and...Read more
Charter rates start to slide as coronavirus spreads
Charter ratesThe charter rates for multipurpose vessels are starting to slide as a result of lower demand caused by the coronavirus. The average day rate for a 12,500 dwt MPV/HL vessel dropped with nearly 200 dollars...Read more
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
Roll Group continues Asia expansion with own yard
Project logisticsRoll Group has signed a contract with Bintan Offshore Marine Center (BOMC) to help develop a large offshore centre on the Indonesian island Bintan, where the company will ultimately also create its own operations and...Read more
Ray Fitzgerald rejoins Crowley as COO
PeoplePRESS RELEASE – Crowley Maritime Corporation has announced that Ray Fitzgerald will rejoin the company March 1 as Chief Operating Officer (COO). He will report to Tom Crowley, company chairman and CEO, and will be based...Read more
In memoriam: Wilhelm Wilhelmsen passes away at 82
PeoplePRESS RELEASE – Wilhelm Wilhelmsen has passed away on 22 February at the age of 82. Through a long career, he was a well-respected business leader and spokesperson for Norwegian shipping and the maritime industry...Read more
Cargo Equipment Experts and Priority Cargo Network merge
Priority cargoPRESS RELEASE – Cargo Equipment Experts CEE and Priority Cargo Network have merged their activities under the brand of Priority Cargo Network with immediate effect. The move is expected to present more opportunities to member companies...Read more
Meriaura adds coaster to fleet
ShortseaPRESS RELEASE – Meriaura Shipping has added a new ship to its fleet, the 4,450 dwt M/V Friendland. According to the company, the vessel has a favourable dead weight/volume ratio (7200 m3) and is, therefore,...Read more
Carisbrooke saves money with ‘DIY’ ballast water system installation
PRESS RELEASE – UK shipowner Carisbrooke Shipping has adopted a novel approach to ballast water treatment (BWT) compliance, installing its latest two systems during normal operations and with its own crewmembers, ensuring zero downtime and...Read more
Shipping sector proposes to raise USD 5 billion to battle CO2
PRESS RELEASE – The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from...Read more