More insight – Page 11
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NewsMixed fortunes in North America
In announcing its second-quarter financial results, heavy haulage and crane solutions provider, Entrec, said the outlook for its business in the USA continues to be positive, but warns that a more cautious approach is needed in Canada.
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NewsHeightened security risks take their toll
Assaults on commercial shipping in the Strait of Hormuz, including attacks on six tankers and the seizure of the UK-operated vessel Stena Impero, have raised concerns about navigation through the world’s busiest shipping channels.
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NewsZeamarine outlines Sulphur 2020 surcharges
Zeamarine will introduce a bunker adjustment clause on September 1, 2019 as it prepares for the implementation of the IMO Sulphur 2020 regulations.
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NewsIntercargo warns of Sulphur 2020 safety issues
The International Association of Dry Cargo Shipowners (Intercargo) has expressed growing concern about the implementation of the IMO 2020 sulphur cap and the availability of safe, compliant fuels.
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NewsA record year for offshore project sanctioning?
Offshore project sanctioning in 2019 has surpassed USD50 billion in value, according to industry analyst Rystad Energy.
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NewsITI and FHS to open Florida training centre
Florida Handling Systems (FHS), a Mazzella Company, and Industrial Training International (ITI) have confirmed that they will develop a training centre in Bartow, Florida.
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NewsESTA joins EC best practice project
The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
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NewsGulf of Guinea still piracy hot spot
Of the 75 seafarers taken hostage or kidnapped for ransom worldwide this year so far, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon – according to the International Maritime Bureau (IMB).
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NewsMaersk sets ambitious logistics goals
A.P. Møller Mærsk reportedly wants half of its earnings to come form inland logistics, according to a report in the Wall Street Journal (WSJ).
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NewsBleaker outlook for multipurpose sector
Drewry has downgraded its outlook for the multipurpose shipping market in light of weaker projected global economic growth, greater competition from dry bulk and container sectors, and a lack of ship demolition activity.
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NewsLogistics confidence in the UK drops
Optimism in the UK’s logistics industry has fallen to its lowest level on record, according to the latest Logistics Confidence Index from Barclays and accountancy and business advisory firm BDO.
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NewsCanada approves ELD mandate
Last month, Canada’s transport ministry finalised an electronic logging device (ELD) mandate that will come into force on June 12, 2021, aligning the country’s vehicle regulations with the USA.
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NewsICS updates sulphur 2020 guidance
With six months to go until the implementation of the global sulphur cap on marine fuel, the International Chamber of Shipping (ICS) has updated its guidance for shipping companies.
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NewsGlobal trade barometer falling says DHL
For the first time since its launch in January 2018, the DHL Global Trade Barometer (GTB) indicates a slight contraction of worldwide trade for the next three months.
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NewsSlower growth hits oil markets
World trade growth has fallen back to its slowest pace since the financial crisis ten years ago and the consequences for oil demand are becoming apparent, according to the International Energy Agency (IEA).
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NewsContainer shipping swaps consolidation for logistics
Global container shipping lines are increasingly moving into the logistics business as they turn their back on large-scale consolidation activity, according to analyst Fitch Ratings.
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NewsMultipurpose charter rates remain stable
Time charter rates in the multipurpose shipping sector have remained stable over the last month, according to the latest data from shipbroker Toepfer Transport.
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NewsLet’s go fly a “K”ite
Kawasaki Kisen Kaisha (“K” Line) is installing an automated kite system onto one of its bulkers.
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NewsPCN adds to summit agenda
The Project Cargo Network (PCN) is bolstering the agenda of its annual summit with four video sessions that have been produced by lifting and rigging industry expert Marco J. van Daal.
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NewsShipping Company Groningen launches ShipFund
The heavy lift and multipurpose shipping sector faces its own set of unique challenges when it comes to attracting finance for both tonnage and operations.