03 June 2020 – Your weekly bunker update powered by InterContinental BunkeringBrent crude futures for August were up 78 cents, or 2%, at $40.35 a barrel, by 0636 GMT. The contract climbed to as high as $40.53, the highest since March 6, after gaining 3.3% on Tuesday.U.S. WTI crude futures
Andreas Enger named as next CEO of Höegh Autoliners
Effective from 08 September 2020, Andreas Enger will be the next Chief Executive Officer (CEO) of Höegh Autoliners.Enger currently serves as Chief Financial Officer (CFO), and will take over from current CEO, Thor Jørgen Guttormsen. Andreas will continue to chair Posten, Norway's state-owned postal service.Following the planned succession Thor Jørgen
New Steel Arch Bridge set to relieve Bottleneck in Rotterdam
Held Shipping signs with Korean Register for entire fleet
Held, a german ship management company has signed a 5-year agreement for Korean Register (KR) to provide ISO 9001 Certification, ISM Company Audit (DOC), ISM Ship Audits (SMC) and ISPS and MLC compliance services for the company’s fleet of more than 30 vessels.Held Shipping classed its first vessel the “Maria
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AAL Responds to U.S. Breakbulk Demand
BBN has learned that heavylift company AAL has scheduled 12 MPP sailings calling to West Coast, Gulf and East Coast US ports over May and June 2020 in response to increased demand from american global shippers.According to seanews, AAL is refocusing efforts on the Asia-North America trade lane where
Cargo-Partner Opens New Offices in the Netherlands & Belgium
Cargo-partner has opened two offices in Liège, Belgium and Roermond, the Netherlands to extend their service offering in airfreight, road transport, and warehouse logistics.The airport of Liège in Belgium is one of the most important airfreight hubs in the region and has recently stood out with strong volume growth. Project-cargo
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"For breakbulk bookings, all the parties, from container or multipurpose lines, through forwarders and project shippers, even the planners, operators and owners, all need to ensure a smoother process flow for breakbulk, from quotation to execution, to gain a level of speed and flexibility to reduce the documents as well
Subsea 7 to reduce fleet by 10 Vessels due to significant deterioration O&G Market
Subsea 7 issue further details of their cost reduction programme including an overall reduction in headcount of approx. 3,000 from the global workforce of 12,000, by the end of the second quarter 2021.It is anticipated that two-thirds of the reduction would affect the non-permanent workforce and one-third of the reduction
Some Light in Shipbuilding Lull
We have all witnessed a lull in newbuilding activity, a trend also noticed during the 2009-2010 crisis. But, this week some new build vessels have been added to the order book!According to Splash247, China Merchants Energy Shipping (CMES) has officially contracted four new 62,000dwt multipurpose heavylift vessels to be constructed