Just over a year after its launch in August 2019, Maersk’s AE19 ocean-rail product from Asia to Europe becomes a permanent weekly service responding to increased customer demand, says a press release published on Maersk website.
What Is It?
In...
Panama Canal seeks a portfolio of water management solutions to improve the quantity, quality and control of its water supply.
The company plans to shortlist the most-qualified firms by the end of year, through bidding.
The need for...
Diana Shipping Inc. announces time charter contract for m/v Newport News with Koch, says a press release published on their website.
Time charter contract
Diana Shipping Inc. has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for...
Damen Shipyards Group delivered a Fast Crew Supplier (FCS) 2710 to Rederij Groen.
This, the first delivery of the new FCS vessel in the Netherlands, took place in Scheveningen.
The vessel has been named Green Waves. It has been less than...
The container shipping industry posted a combined profit of $2.7bn in the second quarter of this year.
The positive results were despite every line experiencing declining revenue and year-on-year volumes.
Hapag-Lloyd posted the highest profitability, at $146.40 per...
Ebitda grew by 30% to $1.05bn, with the operating margin up 86% to $497m in the shipping industry.
The group generated operating cash flow of more than $1.1bn, despite the COVID situation.
The group secured a €1.05bn guaranteed...
A leading provider of Satellite-AIS data services 'exactEarth', announces the successful launch of the ESAIL microsatellite.
The ESAIL satellite was launched on September 3rd onboard the Arianespace Vega (VV16) flight from Europe's spaceport in Kourou, French Guiana.
It is...
The Baltic Briefing has issued the tanker report for the 36th week of this year. The report dated 4th September 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
Middle East market
The Middle...
Leading global logistics service provider DB Schenker approved a Stability Package for customers of its competitor Damco.
Intended for affected companies, the package includes an offer to take over short-term service agreements of up to two months’ contract...
Manifold Times reports Singapore's successful recovery from the exit of major player Hin Leong Trading.
"This is something only few ports can pull off," believes the CEO and Board Member of international bunkering firm Fratelli Cosulich.
Timothy Cosulich, was presenting at...
