Spot rates stabilise and ocean carriers stay optimistic as contract talks loom
Source : Loadstar Container spot rates held steady this week, but they will finish 2017 significantly below the levels of a year ago, potentially diminishing carrier hopes of anything other than modest annual contract increases. The Shanghai…
Bitcoin Points Way to `Massive Change’ for Commodity Trading
Source : Luzi Ann Javier (Bloomberg) Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw…
Project ” Platinium Fighters ” 138313 from California USA to Tessenderlo Belgium
Source : Damian Strauss Damian Strauss has shipped an antique fighter plane to Tessenderlo from Tracy California together with our OL Network colleagues. This is a 1955 North American Aviation T-28B “Trojan”…
Container shipping rates in calmer waters as carriers look ahead to new contracts
Source : Loadstar Annual contract negotiations for container shipping freight rates between Asia and North Europe are “progressing well”, according to one carrier source. Some early deals have been done showing a 10%…
Hamburg Süd fleet could be cut as Maersk faces up to takeover conditions
Source ; Loadstar Following the completion of Maersk Line’s $4.4bn acquisition of Hamburg Süd on 30 November, the Latin American specialist could see its fleet reduced significantly due to regulatory restrictions on the…
EU Blacklists 17 Tax Haven Countries
Source: Maritime News European Union finance ministers have adopted the first ever list of tax havens, which includes 17 countries that fail to meet agreed tax good governance standards, the European Commission informed. The…
Merger with MacAndrews means OPDR shipping name will disappear after 135 years
Source : The Loadstar CMA CGM has announced that from 1 January, it will merge its shortsea subsidiaries, MacAndrews and OPDR, as MacAndrews. MacAndrews was acquired by CMA CGM in 2002, while the 1882-founded…