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Hapag-Lloyd expects rising freight rates this year

Reuters reported that German container shipping line Hapag-Lloyd expects freight rates to be several percentage points higher this year than in 2016, one of a number of factors that should help the company improve its profitability. Chief Executive Rolf Habben Jansen, said that “Freight rates are still unstable in early 2017.

Greece Considering 3 Bids For Port In Thessaloniki

The state privatizations agency said, as the country tries to privatize parts of its infrastructure to meet bailout terms, Greece has received three binding bids for a majority stake in its second-largest port in Thessaloniki. The offers came from Philippines-based International Container Terminal Services (ICTS); Dubai-based Peninsular and Oriental Stream Navigation

Progress With Offshore Wind For ALE

Over the last nine months, ALE has performed almost 400 transport operations and executed over 300 lifts for multiple offshore wind contracts in the UK. ALE has set up a dedicated facility and operations team who are working on several offshore wind projects throughout Europe. ALE has been contracted for the supply

PFN Members Present At BreakBulk Europe

With more than 8,000 visitors expected at this year’s event and network with than 500 cargo owners — the decision makers for projects around the world Oil & Gas • Energy • Infrastructure • Water • Engineering, Procurement & Construction • Global Manufacturers Executives from the following companies attended last year’s event: Arcelor Mittal, GE, Wärtsilä,

IATA Cargo Handling Manual for Cargo Handling

The International Air Transport Association (IATA) announced, during the World Cargo Symposium in Abu Dhabi, the launch of the IATA Cargo Handling Manual (ICHM) to help airlines and cargo handlers work together more effectively while improving safety and efficiency in air cargo operations. The ICHM is the first complete set of

Volga-Dnepr An-124-100 races fire-fighting helicopters

Helicopter Express (Georgia) called upon Volga-Dnepr Airlines’ expertise in fast response transportation services for an urgent delivery of helicopters to fight the outbreak of wildfires that are plaguing the Chilean countryside. Helicopter Express, contractors to the U.S. Forest Service (USFS) and the Department of Interior (DOI), are highly-respected experts in fire-fighting

Subsea 7 acquires Seaway Heavy Lifting

Subsea 7 chief executive Jean Cahuzac said: “Our investment to acquire the remaining shares in Seaway Heavy Lifting, such that it becomes a wholly-owned subsidiary of our Group, is aligned with our strategy to grow and strengthen our business for the long-term. Consolidating Seaway Heavy Lifting into the Group increases

ABC charters souring

Russia's AirBridgeCargo's (ABC's) charter business is souring, with an increase of 47 per cent in charter flights it operated from year-on-year compared to 2015. Mr. Sergey Lazarev (General Director) at ABC said that the carrier has a strong reputation for on-time performance and proven expertise in managing safe deliveries of high value equipment

Spliethoff Orders Six Multipurpose Ships

Amsterdam-based shipping company Spliethoff has ordered six multipurpose vessels from Chinese shipbuilder Zhejiang Ouhua Shipbuilding. Each of the six new buildings will have a length of 165 meters and a tonnage of 18,000 dwt.  The vessels, which belong to the company’s new R-Class, are designed in accordance with the Polar Code and