Drewry has downgraded its outlook for multipurpose shipping, which includes both breakbulk and project cargo vessel types, in light of weaker projected global economic growth, greater competition from dry bulk and container sectors, as well as slower ship demolitions. The bedrock to MPV demand is the demand for dry cargo and
Project Freight Network (PFN) member, the Karl Gross Group, has another exclusive partner: NATCO SA. The South African freight forwarder is present with offices in Johannesburg, Durban, Cape Town and Port Elizabeth. This offers good conditions for our company group to further develop our growth strategy.
Volga-Dnepr Airlines (VDA) has backtracked on its controversial decision in September to stop working with charter brokers. A sign the company is hoping to attract more business in what is proving a difficult year. It has also been offering customers improved terms on charters, such as no cancellation fees, as well as
Leading international heavy lift and transport specialists Mammoet and ALE are in takeover talks. Netherlands-based Mammoet has confirmed it is negotiating with UK-headquartered ALE in a bid to acquire it. A joint statement from the two companies is as follows: “Today, Mammoet Holding B.V. and ALE Heavylift have
Heavylift company AAL has introduced a new regular Europe-Far East multipurpose service with its 19,000-dwt S-Class heavylift vessels. The new service will offer regular sailings and flexible port calls between Northern Europe’s ARA range and the Baltic region, Middle East, Southeast Asia and over to the Far East. In addition
One crew member has been reported deceased while fifteen more were seriously injured in an LNG tanker explosion at the port of Aliaga, Turkey. At the time of the incident, the Italy-flagged tanker Syn Zania was anchored at the Petkim petrochemical plant operated by the Azerbaijani state oil company SOCAR, media