Shipping Should Not Ignore New Revenue Standard
Source Maritime News Although the new revenue standard IFRS 15, set to come into force from January 1, 2018, will have a limited impact on the shipping industry, “it can’t be entirely…
Source Maritime News Although the new revenue standard IFRS 15, set to come into force from January 1, 2018, will have a limited impact on the shipping industry, “it can’t be entirely…
Source Loadstar Container spot rates from Asia to the US, and Asia to Europe were given a lift this week ahead of August GRI and FAK increases. The increase was most…
source Loadstar Container exports from North Europe to North America increased 5.7%, year-on-year, in the first five months of the year, but Drewry is “sceptical” that this growth can be maintained for the…
source : Drewry Strong cargo growth, driven by vigorous retail restocking, will result in global demand growth this year of some 4%, compared to a capacity increase of about 3%, according to the latest…
There was evidence this week of continued softer Asia-North Europe freight rates just ahead of the peak season. Container spot rates on the route have been ticking down for a number of weeks,…
Mike Wackett Singapore-based Pacific International Lines (PIL) could be the next container line to appear on the acquisition radar of the mega-carriers. According to Alphaliner, PIL’s niche status, particularly on the…
Source: Alexander Whitman The port of Antwerp has formed a committee to tackle the severe barge congestion hampering major European container gateways. The move came as port chief executive Jacques Vandermeiren warned that greater capacity…
A storm is brewing in the city of Hamburg over the port authority awarding the development of the 42ha Steinwerder South container terminal project to a Chinese conglomerate. Hamburg Port Authority (HPA) launched…
Source: Drewry maritime The price represents a 31% premium on Friday’s closing price of HKD 60 and values OOIL at around HKD 49.2billion (USD 6.3bn). On the completion of the deal, Cosco will…
Dear Customer, With regret we have to inform you about the current situation in the ports of Rotterdam and Antwerp. Both ports are heavily congested and situation has not improved over the last…