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Blank sailings point to ocean space shortages well into the summer

Analysis highlights high levels of cancellations from late April to mid-June, although ‘one bright spot for shippers is a general reduction in blank sailing rates as schedules move closer towards la...

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UK logistics ‘resilient’ throughout COVID-19 pandemic

But industry body warns that the cost of moving goods and services is likely to increase in the short to medium term, as the economy feels the impact of the health crisis. Logistics businesses have sh...

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Scan Global Logistics and TransGroup transition to one brand

The companies say the move, five years since becoming ‘one family legally’, will provide ‘a stronger global presence’ and remove any confusion. Ambitious Scandinavia-based freight group Scan G...

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Hengyi Petrochemical orders MR tanker fleet at GSI

China-based petrochemical group Hengyi Petrochemical Co. Ltd. has ordered up to eight 49,600-ton chemical/product tankers at local Guangzhou Shipyard International (GSI) shipyard. As informed, thi...

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Genco adds fuel-efficient Ultramax pair to its fleet

Bulk shipping company Genco Shipping & Trading Limited has inked a deal to acquire two 2022-built 61,000 dwt Ultramax vessels to be constructed at Dalian Cosco KHI Ship Engineering (DACKS). The...

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Infranode supports Yilport Oslo’s green transitio

Nordic infrastructure fund Infranode has decided to invest in Yilport Oslo, a subsidiary of Yilport Holding, supporting Oslo Port’s effort to become the first fossil-free port in the world. As i...

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Two 8,500 TEU scrubber-fitted boxships delivered to Seaspan

Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., has taken delivery of two 8,500 TEU containerships. The ships are arranged on a long-term charter with a global liner. Further details...

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Development Bank of Japan joins Poseidon Principles

Development Bank of Japan Inc. (DBJ) has become a signatory to the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. DBJ joins a number of Asian financ...

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