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Another one bites the dust

The move towards a container shipping oligopoly continues with the proposed sale of OOCL to Cosco. The path towards oligopolisation in container shipping took another step forwards with the proposed $6.3 billion sale of Hong Kong-based Orient Overseas International Ltd. (OOIL) to Chinese state-owned Cosco Shipping Holdings Ltd. (Cosco) and Shanghai

Mammoet loads out 7,400 tonne platform

A 7,400 tonne oil platform was loaded out by Mammoet Russia before its transport to Lukoil’s Vladimir Filanovsky field in the Caspian Sea. It was the the offshore, ice-resistant, stationary platform LSP-2 which Mammoet loaded out onto a barge using an hydraulic push up system. The Filanovsky field is the largest

Volga-Dnepr’s possible Ruslan successor

Volga-Dnepr, Russia’s biggest cargo airline, is not only devising technical specifications for the modernization and continuation of its fleet of Antonov An-124-100 airlifters but is also investigating the prospects for the creation of a new future replacement super heavy cargo transporter. Ideally, the new heavy freighter would be 35% to 40%

Harren & Partner to acquire SAL Heavy Lift

Bremen-based shipping company Harren & Partner and “K” Line, Tokyo, have reached an agreement for Harren & Partner to acquire German carrier SAL Heavy Lift on 27 July 2017. SAL will become the new dominant player in the super heavy lift segment (900 t to 2,000 t crane capacity). SAL Heavy Lift, founded

Rio Tinto moves forward with driver-less heavy-haul project

GLOBAL mining company Rio Tinto says automation of its Western Australia Pilbara iron ore heavy-haul rail network (**Autohaul) is progressing well, with around 20% of all train kilometers now operating in autonomous mode, albeit with drivers still on-board managing the remaining safety and reliability systems. Improvements to system performance continue and

Delivering a soybean crushing plant to Saudi

PFN member, Central Oceans has delivered the first units for a new soybean crushing plant in Saudi this week and are looking forward to complete all deliveries timely over the course of the coming weeks. The project team worked very hard on ensuring the safe turn-key transport of the equipment and executed

Volga Dnepr Speeds Up Delivery of 197 Tonnes of Automotive Cargo

Volga-Dnepr Airlines’ team of specialists in Asia Pacific was quick to respond to an urgent request to transport 197 tonnes of sensitive automotive machinery from Japan to the United States. The airline’s Hanoi-based Load Planning experts were on hand to quickly assess the cargo and prepare the most efficient plan for

Project cargo shippers, carriers build hope on Ex-Im Bank

Project logistics shippers and carriers are hoping that the Export-Import Bank of the United States, a political football for years, can get off the sidelines soon. Ex-Im Bank supporters’ hopes were raised in June when President Trump nominated a chairman and board member for the bank, which since 2015 has been

Cosco-OOCL merger will further limit options for shippers

The eye watering $6.3 billion that Cosco Shipping Holdings and Shanghai International Port Group are paying for Orient Overseas (International) Ltd. is great news for shareholders of the Hong Kong-listed carrier, but shippers were not all that impressed. “The soup is getting even thinner,” is how an Asia-Europe BCO described the takeover bid that was

U.S. Shale Gas Booming

The United States has led the pack in the shale revolution, profiting more than any other nation. The U.S. enjoys the benefit of having the majority of its wells located domestically, thanks to vast natural shale formations, allowing the nation to keep all profits for themselves without any negotiations or diplomatic