HHLA sets sustainable growth targets for 2018
Hamburger Hafen und Logistik AG (HHLA) was able to strengthen and, in some cases, expand its market position in a challenging environment in the 2017 financial year. There was a clear improvement in key financial indicators. The Group’s revenue...
HHLA acquires Estonia’s biggest terminal operator Transiid...
Hamburger Hafen und Logistik AG (HHLA) acquires Estonia’s biggest terminal operator Transiidikeskuse AS. A corresponding contract was signed on 26 March. The new subsidiary will be allocated contractually and organizationally to HHLA I...
Stena joins smart electric initiative in Sweden
Stena Line joined an industry cooperation for smart electric transport which aims to increase the electrification of shipping. By joining the 'Electromobility for Shipping' initiative, the cruise operator joins the Swedish Shipowners' Associat...
Danish Shipping: New trade restrictions are deeply worrying
Although the US has decided to exclude Europe from new tariffs on steel and aluminium, new restrictions on trade between the United States and China raise concern. There is an urgent need for new diplomatic efforts to prevent an escalation, says ...
ABS leads discussion on 2020 Sulfur Cap, Cybersecurity and D...
ABS, a leading provider of classification and technical services to the marine and offshore industries, held its annual Germany National Committee meeting last week. The gathering of ABS members and industry leaders discussed global issu...
Polaris buys two 110K LR2 TKs
Polaris Shipping announced that it is entering tanker business, buying two 110,000-dwt tankers. The units are two LR2 tankers Daehan Shipbuilding is building. The first unit, Polar Ace had been delivered on March 22, and the second unit Polar ...
HFO expected to be rare in spot market
An industry expert has recently forecasted that global ship operators will have difficulty in procuring heavy fuel oil (HFO) in spot market. According to John LaRese, the Technical Liaison Manager for ExxonMobil Marine Fuels & Lubric...
KR publishes SOx Guidebook II
Korean Register of Shipping (KR) recently published ‘Guidebook II’ to help the industry to respond to global SOx regulations. IMO is implementing global 0.5% SOx cap from 2020, and shipping companies have to choose between several options:...
SEA/LNG voices support for IMO fuel ban
SEA/LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today voiced its support for the carriage ban on non-compliant fuels proposed by the IMO when the 0.50% sul...
HHM abandons five VLCC options
Hyundai Merchant Marine (HMM) is said to have abandoned its options for new very large crude carriers (VLCCs). According to industrial sources, HMM has decided not to exercise additional five options which were attached to an earlier agreement...
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