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Multipurpose rates continue to increase

On Monday 16 April, a fire broke out in the engine room on board DFDS’ ro-ro freight ship Finlandia Seaways, which connects Rosyth in Scotland and Zeebrugge in Belgium. An injured crew member was airlifted to hospital, where he is being treated for injuries caused by smoke inhalation. The ship was towed

DFDS makes EUR 950 million acquisition

"With the acquisition of U.N. Ro-Ro, we are expanding into one of Europe's most attractive freight markets which is operationally similar to northern Europe. This gives us opportunity together with the existing strong management team to leverage our network, fleet, experience and skills to develop the business further while supporting

Shipping Is Too Inefficiency And Needs Overhaul

Zeaborn is very serious when it says "mean and lean". There is enough of fat that can be cut off to save on costs. Stylish Head Offices, just to mention one. "We can deliver ship management spending half the money," the management tells ShippingWatch. Shipping has suffered from inefficiency over the

Ex Beluga CEO Stolberg gets prison sentence

Yesterday's verdict in the trial of Niels Stolberg and three co-defendants brought to a conclusion a long-running trial which began in January 2016 Stolberg was sentenced to three and a half years in prison having been indicted and found guilty on several charges of credit fraud and false accounting while he was

Heavy lift operators adjusting to changing industry

Specialist heavy-lift companies RollDock and SAL Heavy Lift have decided to form a pool, but BigLift has ended a venture with the former.  February 2018 saw RollDock and SAL Heavy Lift, two leading players in the heavy-lift market, join forces for roll-on/roll-off and float-in/float-out heavy-lift cargoes. Both are well known for

HHLA Rebranding Polzug

Polzug Intermodal in Georgia was taken over by a subsidiary in February and now operates under the new name “HHLA Project Logistics”. The company offers specialist transport solutions for the entire Caucasus region and neighboring areas of central Asia, including Afghanistan, dealing with heavy and oversized loads and unique requirements every

Pooling Is The New Norm As RollDock And SAL Share Their Assets

A new adventure has commenced between RollDock and SAL Heavy Lift. Both companies represent industry leading brands and solutions within their respective fields of heavy cargo transportation. RollDock has over the past decade developed into a world recognized Roll on / Roll off + Float in / Float out carrier

Mid-month rate increase fails to lift Asia-Europe spot rates

Asia-North Europe spot rates slipped below $700 per TEU this week, an indication that carriers either decided not to implement previously announced Nov. 15 price increases on the trade or rising surplus capacity simply made it irrelevant. . Rates on the Shanghai-Rotterdam route declined by $39 to $689 per TEU, only the

COSCO switching Jebel Ali for Port Khalifa

Abu Dhabi Ports and COSCO Shipping Ports Limited (CSP) held a ground-breaking ceremony for the CSP Abu Dhabi Container Terminal at Port Khalifa, marking the start of the shipping giant’s plan to expand Port Khalifa’s annual container handling capacity by 3.5-million TEU.  A new agreement between CSP, the world’s leading ports operator, and

SAL Engineering Established

SAL Engineering GmbH is established as an independent Engineering house within the Harren & Partner Group. SAL Engineering (not to confuse with the Italian SAL Engineering) becomes a sister company to SAL Heavy Lift GmbH, and is utilizing from the know-how, and practical experience that has been obtained over the past 35 years