Shipping News
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Faces : A true sailor’s heart – Captain Ole Stücker
Becoming a captain at the age of 33 is no longer a rarity, Stücker admits, but !! When Ole Stücker disembarked in July 2021, he was still a chief mate. But when he went back on board at the beginning of October, he was a captain – and a freshly…
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A.P. Moller – Maersk reports record Q1 results while further developing customer relationships
Copenhagen: A.P. Moller – Maersk (Maersk) delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55pct. to USD 19.3bn, EBITDA more than doubled to USD 9.1bn and free cash flow increased to…
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2022 : Belgium’s Antwerp and Zeebrugge ports to merge
The unified port is anticipated to become the largest port for the throughput of vehicles in Europe. The Belgium-based ports of Antwerp and Zeebrugge have agreed to merge, which will see them manage a throughput of 278 million tonnes a year together, creating Europe’s largest export port. The unified port,…
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Maersk Drilling awarded additional three-well contract with Aker BP
Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of 86 days and…
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SmartLogisticsChallenge and 8 Major Logistics Trends Shaping Logistics Management in 2022
This year’s #SmartLogisticsChallenge saw numerous UAE-based start-up companies present their innovative logistics solutions to a team of experts at DP World, UPS, and Dubai Chamber of Commerce & Industry. The seven shortlisted finalists presented their ideas to us at the DP World Flow Pavilion at Expo 2020 Dubai earlier this…
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Abdullah bin Damithan, CEO & Managing Director DP World UAE & Jafza
Jebel Ali Free Zone (Jafza), DP World’s leading trade and logistics hub, held a ground-breaking ceremony for the first phase of its new “Jafza Logistics Park”, which is scheduled for completion in 2023. The purpose-built trading and logistics development will accommodate the growing number of warehousing, processing and logistics activities…
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Keith Svendsen new CEO appointed for APM Terminals July 1st
Morten Engelstoft, current APM Terminals Chief Executive Officer, has decided to retire. He will be succeeded in the CEO role by current COO Keith Svendsen, with Henriette Hallberg Thygesen appointed as the company’s new Chairperson. Following a successful 36 year career with A.P. Moller – Maersk, Morten Engelstoft has decided…
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Container freight rates: in recent months the ports of Northern Europe have been cheaper than their Mediterranean rivals
Oslo, Norway –– April saw the third consecutive monthly climb in long-term contracted ocean freight rates, with shipping costs rocketing by 11.1% globally to stand 109.9% up year on year. The data, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, demonstrates how supply chain…
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Finnlines takes delivery of first hybrid Ro-Ro vessel
Finneco I, which is the first of three ro-ro vessels in the Eco class, was built at the China Merchants Jinling Shipyard. Shipping operator Finnlines has taken delivery of the first hybrid roll-on/roll-off (Ro-Ro) vessel, called Finneco I, in the company’s €500m Newbuilding Programme. The programme was launched for the…
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