In a tight market, heavylift operators must be 'more competitive and work together'
Demand in the multipurpose and heavylift shipping sector grew just 2.8% last year and “competition continues ...
Movers of project cargo are already feeling the impact cutbacks in capital expenditure being implemented by the global oil giants.
BP, the world’s third-largest oil and gas company, today announced it is reducing investment by up to $6bn this year following a 20% fall in profits for the final quarter of 2014. The company is the latest to rein back on exploration projects as the crude oil price languishes at around $50 per barrel, close to a six-year low.
Exxon Mobil, ConocoPhillips ...
MSC Elsa 3 sinking – now the 'blame game' begins
After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
Shippers hold their breath as Trump appeals court ruling that tariffs are illegal
Bad news for shippers as wave of transpacific rate increases continues
Houthis claim Red Sea safe for box ships not calling at port of Haifa
No deals with carriers, say Houthis – Red Sea safe for non Israel-affiliated ships
Rapid transpacific capacity build-up continues – can USWC ports handle it?
Schenker's Shirley Sharma Paterson moves to K+N as global head of sales
Carriers on the hunt for open tonnage again as transpacific rates soar
Dates to watch for in the latest chapter of TACO's tariff travail
Evergreen chief warns of USWC congestion as demand for ocean capacity grows
Freighter capacity on the rise, with air cargo demand expected to pick up
Uncertainty drives Yang Ming fleet boost as focus switches to Asia-Europe trades
Liner schedule reliability improving, with Gemini carriers leading the way
Red Sea crisis has driven most new capacity into extended Asia-Europe trades
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