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  • Wild Swings in Freight Rates the New Normal Amid Uneven Recovery July 4, 2020
    By Ann Koh (Bloomberg) –Sharp swings in container freight rates are likely to continue this quarter as shipping companies struggle to gauge demand amid an uneven global recovery from the coronavirus. The cost to ship containers slumped earlier this year as the pandemic pummeled demand, with rates bottoming out in late April. They rebounded steadily […]
  • Total Sends Oil Rig to South Africa for Rare Frontier Drilling July 3, 2020
    By Paul Burkhardt (Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp., Total’s partner in the project, […]
  • Höegh Xiamen Declared a Total Loss After Fire in Jacksonville July 3, 2020
    The car carrier Höegh Xiamen has been declared a total loss following a fire that broke out onboard last month in Jacksonville, Florida, its owner announced Friday. Norway-based Ocean Yield ASA said it expects to receive insurance proceeds in Q3 2020 of about USD 26 million, which is close to the book value of the vessel. Net […]
    Mike Schuler

RSS Green marine – Offshore Energy

  • Kleven Verft files for bankruptcy after loan termination July 6, 2020
    Management of the Norwegian shipbuilder Kleven Verft AS, and its two subsidiaries Kleven Maritime […] The post Kleven Verft files for bankruptcy after loan termination appeared first on Offshore Energy.
    Jasmina Ovcina
  • Log carrier loses power off New Zealand coast July 6, 2020
    A Singaporean-registered log carrier has suffered engine failure in the shipping channel at Port of Tauranga between Mauao (Mount Manganui) and Matakana Island, New Zealand. The post Log carrier loses power off New Zealand coast appeared first on Offshore Energy.
    Naida Hakirevic
  • Maersk to acquire Swedish customs service specialist July 6, 2020
    A.P. Moller – Maersk has reached an agreement with Bridgepoint Development Capital to acquire […] The post Maersk to acquire Swedish customs service specialist appeared first on Offshore Energy.
    Jasmina Ovcina

RSS The Loadstar

  • PR: AP Møller Mærsk to acquire European specialist KGH Customs Services July 6, 2020
    PRESS RELEASE Copenhagen, 6 July 2020. AP Møller Mærsk announces that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. This will further enhance Maersk’s capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to […]
  • Air cargo market: ‘the first steps towards a structural market recovery?’ July 3, 2020
    Air freight volumes are on the rise – but forwarders remain concerned about capacity and airport congestion. The latest data from Clive Data Services show June volumes were 6% up on May, while the last week of the month saw volumes 12% higher than the last week of May. With the demand for PPE slowing, […]
    Alex Lennane
  • Container freight rates still on the up – a peak season after all? July 3, 2020
    The Shanghai Containerized Freight Index (SCFI) comprehensive index continued its positive run this week, rising 5.4% to 1,055.13 as the major tradelanes all registered gains. The Asia-US west coast component of the SCFI recorded another 8.5% jump in container spot rates, to $2,920 per 40ft, while rates to the US east coast increased by 4.7% […]
    Mike Wackett

RSS Air Cargo World

  • Clive: Air cargo is ‘slowly getting back on its feet’ July 2, 2020
    The latest air cargo market analysis from CLIVE Data Services suggests air cargo is taking its first steps toward structural market recovery. Air cargo has continued to see unexpected levels of activity throughout the pandemic, creating an atypical peak season. As the changes caused by the pandemic, including an increased demand for personal protective equipment, […]
    Ashley Mowreader
  • ANA Cargo appoints new EMEA VP July 2, 2020
    Japan-based All Nippon Airways (ANA) has appointed Sadami Sugimoto as its new vice president of cargo and mail in the Europe, Middle East and Africa (EMEA) region, effective July 1. According to ANA, Sugimoto takes over from Kiyohisa Nakazawa, who will take up another role in the ANA Group. “In this new era of living […]
    Jeff Lee
  • Washington cherries hit a few bumps on the way to airports July 2, 2020
    Each summer the Pacific Northwest sees a glimmer of sunshine and a large number of cherry exports to Asia. This year’s crop may take a different route from orchard to export as a decrease in passenger flights requires shippers to explore different transport options.  Cherry season starts in California in mid-May and is followed by […]
    Ashley Mowreader

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RSS Aviation Week Network

  • DARPA Eyes New Weapon Concepts In 2021 Program Plans February 17, 2020
    DARPA Eyes New Weapon Concepts In 2021 Program Plans [email protected]… Mon, 02/17/2020 - 09:45 A multi-target air-to-air weapon and gun-armed close-support missile are among new projects DARPA plans to launch in fiscal 2021. New approaches to communicating in contested environments, attacking signals and countering laser weapons are also on the list. The Defense Department is […]
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  • New Positions, Promotions, Honors And Elections (Feb. 10, 2020) February 7, 2020
    New Positions, Promotions, Honors And Elections (Feb. 10, 2020) [email protected]… Fri, 02/07/2020 - 09:00 Surrey Satellite Technology Ltd. has hired Phil Brownnett as managing director. He had been UK managing director of geointelligence at Airbus Defense and Space. He succeeds Sarah Parker, who has left the company. Brownnett has extensive experience in oil exploration and […]
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  • Upcoming Events January 25, 2020
    Upcoming Events amy.hardcastle… Sat, 01/25/2020 - 01:36 To list an event, send information in calendar format to Donna Thomas at [email protected] For a complete list of Aviation Week Network’s upcoming events, and to register, visit (Bold type indicates new calendar listing.) Jan. 27-30—Helicopter Association International Expo (HAI HELI-EXPO) Anaheim Convention Center, Anaheim, California, […]
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