German container shipper Hapag-Lloyd on Friday said the coronavirus outbreak would curb business growth at least until mid-year after reporting a jump in 2019 profit and proposing a higher dividend.Larger rival Maersk on Friday also warned of…
Cost-cutting and price rises will help Maersk deliver higher first-quarter earnings than a year ago, the shipping giant said on Friday, though it scrapped its full-year forecast due to uncertainty caused by the coronavirus pandemic.The Danish company said its guidance on earnings before interest…
Passengers who have tickets to travel back to their home countries will be allowed to disembark from the coronavirus-hit Costa Luminosa cruise ship in Marseille, the port authority and the cruise operator said on Thursday.A port official told Reuters that 639 passengers…
Event organizers say they have been forced to postpone Seawork and its co-located exhibition the Marine and Coastal Civil Engineering Expo (M&CCE Expo), due to be held from June 9-11 and Speed@Seawork, due to be held on June 8, in the U.K., due to the coronavirus pandemic…
The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent? BIMCO expects that the strict…
The American Association of Port Authorities (AAPA) has elected Mario Cordero, executive director of California’s Port of Long Beach, to serve as the association’s next Chairman of the Board.Cordero will be installed as Chairman on the final day of AAPA’s 2020 Annual Convention…
Operations are have been suspended at Houston's Bayport and Barbours Cut container terminals after a worker tested positive for COVID-19.Both public terminals are closed and operations are temporarily suspended while a thorough investigation is being conducted…
The Port of Savannah is bringing online 400,000 TEUs of annual container capacity at just the time when many port customers are seeking new storage options.'With slowing demand related to the coronavirus, port users need space to stage their cargo until that demand returns…
DSC Dredge’s Director of International Dredge Sales, Charles Sinunu, was invited to US Ambassador Miller’s residence to attend the opening reception celebrating the official launch of the US-Bangladesh Trade Show 2020 in Dhaka, Bangladesh. Chargé d'affaires Wagner inaugurated the 27th U…
The deadline to take the 2020 MarTID survey of mariner training practices has been extended to March 31, 2020, and your participation is vital to its success.Take the survey today:Vessel operators: https://www.surveymonkey.com/r/2020MarTIDOperatorTraining institutions: https://www…
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with marine gas oil (MGO) accounting for 12.5%, BIMCO reports…
As companies globally are increasingly shifting to remote working to help stop the spread of Coronavirus, Hanseaticsoft has put together a series of tips to help shipping companies keep their business and workforce agile.Some of the biggest companies in the world including Oracle…
Test results from the individuals suspected to be the first cases of COVID-19 in any South African seaport have all come back negative, Transnet National Ports Authority has confirmed.Earlier this week two vessels, the general cargo vessel MV Corona and the cruise ship AIDAmira…
China's iron ore futures erased earlier losses to end flat on Thursday, regaining support as miner Vale SA said it may temporarily halt activities at its Malaysian distribution center as a safety measure against the coronavirus pandemic.Iron…
Dan-Bunkering (Monaco) S.A.M. appointed Hans Lind Dollerup as Managing Director.Dollerup entered Dan-Bunkering and the industry in 2002, and his employment has taken him from Denmark, where he was born and raised, to Monaco, Houston, Florida and now back to Monaco…