All Rates articles – Page 16
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Shipping confidence on the up
June 22 - Shipping confidence reached its equal highest rating in the past three years in the three months to end May 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
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Tackling vessel oversupply
June 16 - A panel of shipping industry experts have argued that there is no need for either market-based or regulatory intervention to break a period of sustained low freight rates, erosion of asset value and oversupply.
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Hebron heads to final position
June 13 - The Hebron project has announced that it has commenced the tow-out of the platform from the Bull Arm construction site, Mosquito Cove, Newfoundland and Labrador, to the Hebron field in the Jeanne d'Arc Basin, located about 350 km offshore Newfou
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Politics hinders Ex-Im Bank
June 9 - The ongoing drama surrounding the future of the US Export-Import (Ex-Im) Bank - the government's official export credit agency (ECA) - has taken several dramatic twists recently. While its future has been secured, the bank remains hamstrung by a
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Uber Freight launches
May 19 - The Uber Freight app is a new service from the ride-hailing company that pairs up trucking companies, including independent operators, with loads that need to be hauled from one place to another.
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Malaysia to lift cabotage rules
May 15 - Effective June 1, 2017, the government of Malaysia will abolish its cabotage restrictions on routes between East Malaysia (Sabah, Sarawak and Wilayah Persekutuan Labuan).
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Tidewater to file for Chapter 11 bankruptcy
May 15 - Hampered by a global slowdown in oil-drilling activity and a prolonged slump in oil prices, New Orleans, USA-based Tidewater Inc announced that it will file a prepackaged bankruptcy plan aimed at removing USD1.6 billion in debt.
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Luxembourg constructs aircraft stands
May 10 - Luxembourg Airport has started the construction of four cargo aircraft stands, capable of accommodating Boeing 747s and one specifically designed for the Antonov AN-124, in response to increasing growth rates.
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Strong start for DSV
May 2 - DSV has reported a net revenue of DKK18.2 billion (USD2.7 billion) for the first quarter of 2017, in comparison to DKK15.3 billion (USD2.2 billion) for the corresponding period of 2016.
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Port of Palm Beach signs ten-year contract
April 28 - The Port of Palm Beach District approved a new ten-year contract with its largest tenant, Tropical Shipping, in an agreement that includes options for both parties to extend the partnership with four five-year terms.
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Weak year for Grieg shipping arm
April 7 - In 2016, Grieg Star recorded a loss of NOK64 million (USD7.4 million), against a net deficit of NOK476 million (USD55.3 million) in 2015, says its parent company, Grieg Group.
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MOL marks Malaysian enhancement
March 30 - Mitsui OSK Lines (MOL) has acquired a 20.9 percent share in Malaysian logistics company, PKT Logistics Group.
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Recovery in sight, says Drewry
March 29 - Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of recovery are now evident with momentum expected to build over the next few years, according to global ship
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Shipping not a picnic, says accountant
March 23 - Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
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FIATA and CLECAT voice capacity concerns
March 15 - The International Federation of Freight Forwarders Associations (FIATA) and CLECAT, the European Association for Forwarding, Transport, Logistics and Customs Services, have voiced concerns about current capacity levels and service uncertainties
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Hapag-Lloyd hit by low freight rates
March 2 - Hapag-Lloyd has announced that due to lower average freight rates, revenue decreased to EUR7.7 billion (USD8.1 billion) in 2016, compared to EUR8.8 billion (USD9.2 billion) in 2015.
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Panalpina's volumes rise while profits fall
March 2 - Despite Panalpina recording its highest air freight volumes since 2007, its gross profit margins in both air and ocean freight declined in 2016.
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Erring on the side of caution
February 24 - Speaking at a recent Journal of Commerce webinar this week, Susan Oatway, associate director of Drewry Maritime Research, outlined some of the challenges, which still face the multipurpose and heavy lift shipping sector.
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BDP grows in Peru
February 20 - BDP International has opened an office in Lima, Peru, supporting the logistics and transportation company's efforts to grow its Latin American presence.
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Boskalis to report impairment charge
February 17 - Citing the strongly deteriorated market conditions in the offshore energy sector and the resulting outlook, Royal Boskalis Westminster (Boskalis) will report a non-cash impairment charge of EUR840 million (USD891.6 million) in its annual res