All Rates articles – Page 4
-
Cap Pro
Dover Conventional Oil Field, US
Sector: Oil - Upstream
Project Status: FID
Region: North America -
NewsDSV posts strong results for 2022
In posting its results for 2022, Denmark’s DSV has reflected on another volatile year for the forwarding market. It predicted a continuing slowdown in volumes for the first half of 2023 and further consolidation in the coming years.
-
NewsAllseas Global Project Logistics insolvent
UK-headquartered Allseas Global Project Logistics was declared insolvent at the end of 2022. Industry analyst Alphaliner reports that the division owes GBP34 million (USD41.3 million) to creditors, as well as GBP12 million (USD14.6 million) to other parts of the Allseas Group.
-
NewsWorld Bank details economic headwinds
The markets generating heavy lift and project cargoes have proven resilient to economic and political shocks, but the global economy is certainly feeling the impacts. While not all economies will fall into recession this year, the World Bank expects headwinds to slow down almost all developed and emerging markets.
-
NewsMultipurpose shipping in position to weather 2023 storms
While multipurpose vessel rates are expected to soften through 2023, the rate of decline is expected to be less than in competing sectors such as containerships and handysize dry bulk carriers, according to the latest forecasts from Drewry.
-
NewsFreeport East receives government approvals
The UK’s Freeport East has received final approvals from the UK government to develop the port, supported by funding worth GBP25 million (USD30 million).
-
NewsLack of capacity management leaves container market exposed
Old habits die hard, according to analyst Drewry, which in its latest Container Forecast report explained that rather than control capacity, the market’s instinct to preserve volumes and lower prices to secure short-term bookings kicked in.
-
ArticleReflecting on ‘the best career I can imagine’
Chris Kent has spent 50 years working at some of the project logistics industry’s most recognisable companies. He spoke with HLPFI editor David Kershaw about his storied and “thoroughly enjoyable” career.
-
NewsJSL Global moves concrete segment factory
Project forwarder JSL Global (JSL) has coordinated the relocation of a concrete segment factory from its original site in Qatar, via the port of Hamad, to Constanța (Romania) and onward to its final destination.
-
ArticleFrench focus shifts offshore
France’s wind energy sector, both onshore and offshore, continues to provide plenty of work for the heavy lift and project logistics community, and ports are preparing for a surge in activity.
-
ArticlePolitical turmoil clouds promising outlook for UK project logistics
Prime ministers have come and gone at a comical rate but a strong pipeline of energy-related work is spurring on the UK project logistics sector. However, current political turbulence will have an impact on project pipelines, if prolonged.
-
NewsTotal Movements supports Mexican heavy lifts
Total Movements has coordinated the transport of cargoes for an energy project from Mumbai to Altamira, Mexico.
-
NewsHeadwinds to slow European road freight
A report from Transport Intelligence (Ti) suggests that the European road transport market will come under more pressure in 2023. The analyst expects this market to expand by just 1.1 percent in real terms to reach EUR389.3 billion (USD406.2 billion) next year.
-
NewsMain concerns for years ahead
Inflation and geopolitical tensions are set to dominate concerns for the global supply chain over the next five years, according to a DP World study released November 14.
-
NewsThe costs of decarbonisation
Shipping industry analyst Drewry has published its first industry-wide costings to transition European cargo shipments to greener fuels, with the extra bills running to as much as USD14.5 billion.
-
NewsHapag-Lloyd preparing for turbulent 2023
German container shipping line Hapag-Lloyd reported exceptionally strong results for the first nine months of year. Its outlook for full year 2022 was equally impressive, with EBITDA expected in the range of USD19.5-21.5 billion and an EBIT of USD17.5-19.5 billion.
-
NewsMaersk: rates starting to normalise
Shipping group Maersk delivered strong results for Q3 2022. Revenue compared to the same period last year increased by around 37 percent to USD22.8 billion, while EBITDA and EBIT both rose by approximately 60 percent to USD10.9 billion and USD9.5 billion, respectively.
-
NewsA stagnating fleet and slower growth
In its latest multipurpose and heavy lift shipping market outlook, Drewry predicts further charter rate declines heading into 2023.