News Archives - The Loadstar

DFDS to launch first Egypt-Italy ferry service for a decade

Gavin van Marle — Tue, 05 Nov 2024 13:39:27 +0000

DFDS has shown its intent to expand its Mediterranean market share, today unveiling a new weekly ferry service between its growing Italian hub of Trieste and the Egyptian port of Damietta.
The move represents the Danish operator’s first foray into the Egyptian market and comes just days after it cancelled its €500m purchase of the international network of Turkish transport group Ekol Logistics.
It is also the first direct ferry connection between ...

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Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Martina Li in Taiwan — Tue, 05 Nov 2024 13:31:51 +0000

Asian container ports Shanghai, Ningbo and Kaohisung are working through congestion after Typhoon Kong-Rey blew through last week.
And Kong-rey, which made landfall in Taiwan on Thursday, was the strongest typhoon to lash Taiwan since 1996.
According to EconDB, Kaohsiung, the island’s main container port, is experiencing 100% delays for all incoming box ships, which amount to 69 over the next seven days.
ONE’s vessel schedule shows the 1,100 teu Contship Era arrived in ...

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DHL lowers profit expectations after weaker-than-expected Q3

Alexander Whiteman — Tue, 05 Nov 2024 13:20:06 +0000

DHL singled out its Global Forwarding division for a weaker-than-expected third quarter, and confirmed it was lowering its profit forecast for the year.
Despite growing group revenues, up 6.2% year on year over the three month period to October, at €20.6bn $22.4bn), DHL was only able to translate this into a barely noticeable 0.1% uptick in profits, to €1.37bn, failing to eat into the 14.2% year-to-date decline in EBIT of €4bn.
Chief ...

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Ripples from standstill at strike-bound Canadian ports could spread inland

Charlotte Goldstone — Tue, 05 Nov 2024 13:03:50 +0000

Turmoil persists at Canada’s ports, with warnings that this could lead to spikes in road and rail freight, and congestion at ‘Plan-B’ US west coast gateways.
Yesterday, the International Longshore and Warehouse Union Ship & Dock Foremen Local 514 began an industry-wide, open-ended strike against all BC Maritime Employers Association (BCMEA) member companies.
The association issued a coast-wide lockout notice in response, effectively shutting down the principal ports of Vancouver ...

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X-Press Pearl claims case reopened after allegations of corruption

Angelo Mathais India correspondent — Tue, 05 Nov 2024 12:29:46 +0000

The 2021 X-Press Pearl fire, reportedly the worst maritime disaster in Sri Lanka, has become controversial amid allegations of corruption in handling compensation claims under the previous government.
The island nation had a political leadership change in September, with left-leaning Anura Kumara Dissanayake elected as its new president.
Containership X-Press Pearl, owned by Singapore-based X-Press Feeders, burned for almost two weeks before sinking off the Sri Lankan coast, sparking serious environmental concerns. The ...

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Law firm urges shareholders to join probe into ATSG sale to Stonepeak

Alex Lennane — Tue, 05 Nov 2024 12:02:00 +0000

ATSG shareholders are being encouraged to join an investigation into whether the proposed sale of the group to investor Stonepeak is fair.
On the announcement of the deal yesterday, which would see shareholders receive $22.50 per share – a premium of about 29.3% on Friday’s closing share price, and a 45.5% premium on the volume-weighted average price – investor rights law firm Halper Sadeh urged shareholders to join it to investigate ...

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How to avoid ‘a wave of regulatory pain’ from Fuel EU Maritime rules

Charlotte Goldstone — Tue, 05 Nov 2024 11:47:53 +0000

Companies need to be prepared for the introduction of FuelEU Maritime in less than two months – those without updated digital solutions could find themselves riding “a wave of regulatory pain”, according to director of performance at smart shipping innovation platform Navtor, Jacob Clausen.
The regulation, coming into force on 1 January, sets targets for the greenhouse gas (GHG) intensity of the energy used on a ship, with targets getting stricter every five ...

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Cargo operations at Brazil’s Guarulhos Airport on brink of collapse

Ian Putzger Americas correspondent — Tue, 05 Nov 2024 11:36:13 +0000

Cargo operations at Latin America’s largest air cargo gateway, Sao Paulo’s Guarulhos Airport (GRU), are on the verge of a meltdown.
Airline groups are appealing to the federal government to impose emergency measures, including a five-day embargo for dry cargo, in a last-ditch effort to avert the collapse of cargo traffic at the airport.
Video footage of the airport shows warehouses overflowing with cargo and rows of pallets outside, some occupying aircraft ...

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Bernardo Nunes returns to Chapman Freeborn as new COO

Alexander Whiteman — Mon, 04 Nov 2024 17:27:19 +0000

Bernardo Nunes has returned to Chapman Freeborn as its chief operating officer.
Mr Nunes rejoins the broker from WorldACD where he spent nine months, first as an external advisor before going full-time as the data platform’s director of innovation until his departure.
CEO Eric Erbacher said: “This is an exciting time for Chapman Freeborn and I am confident that Bernardo’s leadership will help us reach new heights as we work towards our ...

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Carriers drop calls at Hamburg after congestion builds at CTA

Gavin van Marle — Mon, 04 Nov 2024 14:08:50 +0000

Congestion issues continue to plague Hamburg’s flagship automated Container Terminal Altenwerder (CTA), due to operator HHLA’s modernisation programme, forcing carriers to drop sailings into Germany’s largest port.
Jan Kolditz, director of IT and terminal development of HHLA, told The Loadstar on the sidelines of the recent World Ports Conference in Hamburg that CTA was replacing its entire fleet of ship-to-shore cranes.
“All 14 are being replaced as they have come to the ...

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