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Monday, April 6, 2020

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Brokers’ say global googly a macroeconomic disaster

Global trade is in turmoil after the googly thrown at it by the Coronavirus, which has turned the outlook sharply from the expectation of...

Talia F crew suffered three-hour ordeal

Seventeen crew members on board the MSC Talia F, which was attacked by pirates suffered a three-hour ordeal as the attackers searched for hostages...

Port of Hamburg calls out misleading empties reports

There is no scarcity of empty containers at the Port of Hamburg said the port’s CEO Axel Mattern following an extensive survey of the...

PIL admits to financial stress

Pacific International Lines (PIL) boss Teo Siong Seng has admitted on 23 March 2020 that the company is in talks with several creditors, including...

Outlook bleak for Q2 says Sea-Intelligence

US output could fall “a staggering 24%” in the second quarter of this year as the Danish consultancy Sea-Intelligence reports that a combination of...

MSC vessel attacked off W. African coast

Seven crew have reportedly been taken hostage and another ten crew are have retired to the security of the onboard citadel and are in...

OOIL books US$1.35 billion profit on US terminal sale

Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...

Maersk’s crisis preparations: fail to plan and you plan to fail

Covid-19 crisis management is a must for supply-chains since the beginning of this year and if shippers were interested in how shipping lines were...

MABUX bunker index – 20 March

In the topsy turvy world that is the global crude oil market bunker fuel of all types, in all regions increased their prices in...

An unusual year in store for box shipping says Hapag CEO

In what must count as liner shipping’s most significant understatement Hapag-Lloyd CEO Rolf Habben Jansen said today that this year “will be a very...

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MABUX bunker index – 3 April

The members of Organization of the Petroleum Exporting Countries (OPEC) have not achieved to agree on an emergency low-level meeting to discuss a market...

Konecranes receives reach stackers record-order

Konecranes won its largest-ever reach stacker contract, for 39 units,from German distributor Richter Fördertechnik GmbH & Co. KG, in March 2020. Deliveries for the Konecranes...

MSC suggests short sea shipping solution

MSC says its short sea services in Europe can help meet any present and future domestic and foreign trade demands, especially as Covid-19 crisis...

Major shipping carriers update schedules due to pandemic crisis

The largest container shipping companies continue to update their schedules, as they are forced to make service adjustments and omit many sailings. As the coronavirus...