Global integrated container logistics company A.P. Moller - Maersk posted improved earnings and free cash flow for 2019, despite weaker market conditions and global container growth of only 1.4 percent.However, the Danish business conglomerate…
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Hamburg Süd Invests in the Mediterranean
Hamburg Süd is now exclusively represented by its own offices in Italy and Spain after business was previously partially handled by agents and joint-venture organizations. Furthermore, in Egypt the company has taken full management of Hamburg…
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NWSA January Container Volumes Drop
The Northwest Seaport Alliance’s total container volume for January 2020 was 263,816 twenty-foot equivalent units (TEUs), a 19.1% decrease from January 2019.Following an unprecedented international container throughput for the same month last year — ti...
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Radio Holland Renews MSA with Jumbo
Jumbo Shipping has renewed its MSA (Managed Service Agreement) contracts with Radio Holland,The renewal of the MSA contracts concerns four vessels and has been established for the next four years.Jumbo renewed the MSA contracts with Radio Holland…
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Baltic Index Gains for Fifth Session
The Baltic Exchange's main sea freight index rose for the fifth straight session on Thursday, supported by an uptick in demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bul...
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Shipping Industry Faces $370 mln Hit From New Panama Canal Charge
A new "freshwater" charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus.The P...
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Japanese data on cruise ship coronavirus infections backs quarantine strategy
Newly released data from a Japanese research institute appears to back the government's case that its quarantine strategy for the Diamond Princess cruise ship was successful in stemming contagion of the coronavirus among passengers.
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Finland Accedes to Cape Town Agreement
Finland has become the latest State to become Party to the Cape Town Agreement on fishing vessel safety, said International Maritime Organization (IMO).The Agreement outlines regulations designed to protect the safety of crews and observers…
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First Subsea Guards NnG OWF
First Subsea, part of the First Tech Group based in Aberdeen, has won the inter-array cables protection contract from DEME at the Neart na Gaoithe (NnG) offshore wind farm (OWF).The cable protection system will be designed to protect the cable…
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EDS Wraps Up Horns Rev 3 Work
UK high voltage engineering specialist EDS HV Group has completed consultancy work at Vattenfall's 407MW Horns Rev 3 (HR3) wind farm off Denmark.Vattenfall’s Horns Rev 3, located off the coast of Denmark, contains 49 8.3MW MHI Vestas turbines…
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