AAL vague on IMO 2020 approach
AAL is the second large multipurpose shipping company to publicly announce its strategy for the upcoming IMO 2020 sulphur regulations. But although the company is clear about switching to low sulphur compliant fuel, its calculation method remains vague. Like many other shipping companies, AAL has decided that “migration to the use of low sulphur fuel…
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Cargotec finally completes takeover TTS Group’s marine business
Cargotec has completed the acquisition of the marine and offshore businesses of cargo handling equipment manufacturer TTS Group, following a lengthy regulatory approval process in China. The agreement to buy TTS Group’s marine and offshore division was first announced in February 2018, when Cargotec, through its subsidiary MacGregor, signed an agreement to acquire the businesses…
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Tadano completes USD 215 million takeover of Demag
Tadano has completed the takeover of mobile crane builder Demag after obtaining regulatory approvals in all relevant countries. The company bought Demag from US-based Terex Corporation for USD 215 million. In a letter to his customers, Tadano CEO Koichi Tadano said the transaction brings together two of the top names in the lifting equipment industry….
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Baker Hughes sees LNG orders increase by 32%
General Electric’s oil field services provider Baker Hughes beat expectations for the second quarter thanks to strong growth in the LNG market. The company booked USD 6.6 billion in orders and recorded an operating income of USD 361 million, up 25% year-on-year. Baker Hughes is one of the largest suppliers of equipment to the oil…
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Zeamarine announces IMO 2020 cost recovery measures
Starting September 1, customers of Zeamarine will pay a Low Sulphur Surcharge of USD 35 per freight ton to recover the costs from the IMO 2020 sulphur regulation, which forces shipping companies to reduce their sulphur emissions. In a customer advisory, Zeamarine states it has evaluated the ways in which the company can comply with…
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United Wind Logistics completes “ultra-heavy” offshore wind transport
United Wind Logistics has completed the transportation of 20 large monopiles from Rostock in Germany to Taichung in Taiwan. The transport was carried out for Jan de Nul Group, who has been contracted to expand the Formosa wind farm. Aboard two chartered Heavy Load Transport Vessels, the “ultra-heavy and outsize cargo” safely reached Taichung port,…
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Zeamarine awarded huge contract for Australian mining project
Zeamarine has been awarded a large ocean transportation from Schenker Australia Pty Limited for the BHP South Flank mining project in Western Australia. The project scope encompasses the transportation of approximately 450,000 freight tons from China to Port Hedland in Australia. The BHP South Flank Project is located in the Pilbara, Western Australia and will…
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Role change in Port of Rotterdam’s breakbulk sector
After more than 10 years in the role, Robert Jan Timmers has stepped down as breakbulk business developer in the Port of Rotterdam. Twan Romeijn has been appointed to take over his duties effective immediately. For 10 years, Timmers has been of the key persons in Rotterdam’s breakbulk sector. During this time he managed the…
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