Full-year operating profit up by 32 percent.Container shipping firm Hapag-Lloyd said volume growth and a modest recovery in freight rates in the second half of 2018 helped push operating profit 32 percent higher, lifting shares in the German group on Monday…
China's imports of U.S. soybeans nearly doubled in January from the previous month as cargoes booked after a Sino-U.S. trade truce arrived in the world's top oilseed importer, according to Chinese customs data published late on Monday.China brought in 135…
Swedish manufacturer of diesel engines for marine industry Scania announced that Karin Rådström has been appointed Executive Vice President and Head of Sales and Marketing.She takes up her position on 1 March and will report to Henrik Henriksson…
The recent call of the 2,500-TEU capacity Safmarine Nuba at the Matadi Gateway Terminal (MGT), an ICTSI Group company, opened the door to major new shipping system benefits for the Democratic Republic of the Congo (DRC).Deployment of a vessel…
San Francisco-based freight forwarder Flexport announced a unding injection of $1 billion led by the venture capital (VC) arm of Japanese investment firm SoftBank Group.'We’re excited to share how we’re accelerating and further realizing that…
Maastricht Maersk, the latest next-generation Triple-E vessel known for improved energy efficiency and environmental performance, has arrived for the first time to Rotterdam on her westbound voyage from Asia.Welcoming the maiden voyage of the most modern vessel in the fleet to Rotterdam…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Houston.The global shipping company…
The electrical capacity of the APM Terminals Barcelona has also been improved, leading to a reduction in CO2 emissions of 600 tonnes per annum, said the international container terminal operating company headquartered in The Hague.As part of…
Event heralds new era of world-class supply chain service. Crowley Maritime Corp. christened the U.S.-flag combination container/roll on-roll off (ConRo) ship MV Taíno today in San Juan, where the company’s investments have ushered in a new era of world-class supply chain services in the U…
The London P&I Club saw further growth in its mutual owned entry following the conclusion of the recent P&I renewal season.The club’s director of underwriting, Reto Toggwiler, says, “Our mutual membership saw year-on-year growth of approximately of 3…
U.S. crude stocks rise to 454.5 mln barrels as crude exports from U.S. hit record 3.6 mln bpd.Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.International Brent crude futures hit a new 2019 high of $67…
Hapag-Lloyd Cruises is introducing a new user-friendly concept for digital learning that is new to the expedition ship world, as the Hanseatic Nature, Inspiration and Spirit will feature an innovative touch wall when they launch.The study wall will measure 6 meters by 1…
Jaxport, the port of Jacksonville, Florida, had its best ever January container volumes, with total container movements increasing 16 percent over the same period last year.Nearly 121,400 twenty-foot equivalent units (or TEUs, the industry standard…
Uncertainty mounts in dry bulk shipping against a backdrop of weaker growth in Chinese imports, said BIMCO.'The extent of the freight rate recovery in 2018 was limited – when compared with initial expectations – by a faster-growing fleet. Q4-2018 wasn’t as strong as it often is either…
A report into the RORO passenger ferry, Pride of Kent, striking a jetty and grounding in Calais, France on 10 December 2017 has now been published by UK’s Marine Accident Investigation Branch (MAIB).It said that the ferry Pride of Kent struck a jetty and then grounded while departing Calais…
