Hiab unveils new recycling crane
Hiab, a division of Cargotec, has introduced the new JONSERED iZ.18R HD recycling crane, featuring the advanced SPACEevo control system for enhanced productivity and safety. This new model marks JONSERED’s entry into the 18 to 19 tm market segment, offering a robust and durable mechanical structure. The JONSERED iZ.18R HD, equipped with the SPACEevo control […]
Hapag-Lloyd introduces 66 new trainees
In Hamburg, 66 young men and women are beginning their training with Hapag-Lloyd. Among them, 14 will train as ship mechanics, while 18 will become assistant officers, with roles split between 14 nautical, three technical, and one electronic. Additionally, 17 trainees will pursue shore-based careers, such as shipping agents. Hapag-Lloyd is also welcoming 17 dual […]
AA Cargo makes domestic network freight capacity available on cargo.one
American Airlines Cargo and cargo.one have extended their partnership to bring all of the US carrier’s domestic freight capacity to the latter’s digital air cargo booking platform. US forwarders using the cargo.one platform now have improved digital access to American’s domestic network, which spans more than 115 US destinations, being able to book general cargo […]
Qatar Cargo adds online allotment booking
Qatar Cargo has expanded its digital offering by adding a new feature that allows forwarders to book their allotments through its online booking portal. The development means that customers using the cargo airline’s Digital Lounge system will be able to directly book allotments and gain instant confirmation of their bookings. Until now, users of the […]
DSV and Dimerco warn of tight peak out of Asia despite freighter moves
DSV and Dimerco are warning of tight capacity out of Asia for the peak season despite carriers re-allocating capacity from trades with overcapacity. In a market update, Taiwan-headquartered forwarder Dimerco said it was important for customers looking to ship from China to the US and Europe to plan for the fourth quarter early as capacity […]
Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago. The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in July were down slightly […]
World Bank deciphers the correlation between disruption and increasing box rates
The 2020s have marked a period of unprecedented disruption for liner shipping, which in turn has created the conditions for the greatest earnings the sector has ever recorded. Quantifying how this disruption – whether it be covid, the drought in Panama, or the Red Sea shipping crisis – equates to freight rates increasing has hitherto […]
New Jones Act shipping firm launches
Crowley and SEACOR Holdings have officially launched Fairwater Holdings, combining the pair’s American petroleum and chemical tanker fleets. Fairwater is active in all major Jones Act coastwise tank vessel trades. The fleet consists of 31 owned vessels, including medium-range product tankers, aframaxes and articulated tug-barges (ATBs). Fairwater also provides shipmanagement services for 20 third-party owned […]
MOL showcases landmark wind-assisted gas carrier
One ship type that has yet to embrace wind power could soon see sails installed. Japanese shipping giant Mitsui OSK Lines (MOL) has just received an approval in principle from ClassNK for the design of a membrane LNG carrier featuring two of MOL’s Wind Challenger sails. Detailed design work is currently underway for a new […]
Prokopiou tanker venture emerges
A new shipping venture from the Prokopiou clan in Greece has emerged with brokers reporting a first LR1 purchase. Marielena Procopiou, the daughter of Greek tycoon George Prokopiou, is behind a new shipowning outfit named Akrotiri Tankers. The company quietly made its first purchase in May, adding the 2008-built, 77,000 dwt Hafnia Thames from Hafnia. The ship […]