Georgi upgrades to Hermes cargo management technology
Hermes Logistics Technologies (HLT) has rolled out its latest cargo management system (CMS) for the Georgi Group in Frankfurt. The German logistics and road feeder services specialist signed a contract with HLT in May to replace an existing CMS at its cargo handling facilities at Frankfurt and Leipzig/Halle airports and the Hermes 5 SaaS service […]
Air France KLM Martinair pulls cargo capacity from Latam to focus on Asia
Air France KLM Martinair Cargo (AFKLMP) is pulling freighter capacity out of the Latin American market to increase its focus on the rapidly growing market out of Asia. The carrier today announced that Martinair would launch a new Boeing 747-400 freighter service between Amsterdam Schiphol and Hong Kong via Dubai offering around 110 tonnes of […]
Subsea 7 and SLB alliance lands new contract with BP
Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB’s OneSubsea has secured a new contract from UK supermajor BP for work on the Murlach development in the UK North Sea. The deal worth up to $150m covers the engineering, procurement, construction and installation of the subsea pipelines and production systems on the former […]
Dark fleet additions see Cook Islands become a top 30 flag
A flag featuring the Union Jack of the United Kingdom has become a go-to register for Russian-linked ships. Gabon has been elbowed out by the Cook Islands in the top 30 flag leaderboard compiled by Clarksons Research, becoming a significant home for the so-called dark fleet of tankers trading Russian, Iranian, and Venezuelan oil. Splash […]
Second ship sinks in same area of the Philippines in the space of two days
In the same area of the Philippines authorities are having to contend with oil spills as a second tanker sank on Saturday evening, just two days after another ship went down. The Philippine Coast Guard (PCG) reported over the weekend that they discovered leaks on the sunken tanker Jason Bradley. The small, 39 m long […]
Pan Ocean in bulker buildup
Korean owners have been raiding the secondhand market for modern tonnage this summer. A few weeks ago, HMM was reported to have made its seventh acquisition in two months, purchasing the four-year-old, 82,000 dwt dry bulk carrier BW Kobe for $37m. Now, another big name in local shipowning circles, Pan Ocean, is on the move. Pan Ocean, […]
Diana Shipping fixes $167m refinancing
Greece’s Diana Shipping has secured a new $167.3m loan from Nordea to refinance its existing commitments with the Nordic bank. The New York-listed shipowner said the proceeds of the new loan, secured by 10 vessels, have been utilised to refinance two loans maturing in October 2027 and June 2028 secured by 12 bulkers. “This strategic […]
Grounded vessel breaks apart off South Africa
The Panama-flagged general cargo vessel, Ultra Galaxy, beached on its side in a remote area of South Africa’s west coast since early July, broke apart into four sections over the weekend in stormy conditions with the South African Maritime Safety Authority (SAMSA) reporting an oil spill. Some 125 people from local communities have been enlisted […]
Goa-based Fomento Group cuts shipowning arm in two
Eight years after entering shipowning, Fomento Group has sold half of its four strong fleet. In May, it offloaded the 2016-built Fomento One newcastlemax to Greek owner Evangelos Marinakis for $55.9m, a ship the Indian miner had ordered at Daehan Shipbuilding in South Korea a decade ago. A second newcastlemax from the same yard is […]
Lila Global adds second MPP
Dubai-based Lila Global has expanded its fleet with a large secondhand heavylift multipurpose vessel, which it says will further boost its capacity and versatility. The shipowning arm of Anil Sharma’s cash-buying giant Global Marketing Systems (GMS) has welcomed the 2003-built Lila Mombasa after picking it up at action for $7.5m. The Dalian New Yard-built 30,300 […]