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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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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