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BDO: Shipping Confidence Rises

“It is encouraging to begin the year with a small uptick in confidence. Despite continuing doubts and fears about trade wars, China’s GDP, uncertainty over exchange rates, President Trump’s decision-making, Brexit and general political instability in many parts of the world, shipping can still find reasons to be cheerful,” said Richard Greiner, Partner, Shipping & Transport at BDO. Image: BDO

Even in the face of a raft of geopolitical and trade disputes that have conspired to instill uncertainty in many industries, confidence in the shipping industry rose in the last three months says the latest Shipping Confidence Survey from BDO, a survey that was launched 11 years ago.The survey says …The average confidence level rose to 6.

Diamond S Shipping Taps Kilcullen as CFO

US-based tanker owner Diamond S Shipping Inc. said it has appointed Kevin M. Kilcullen as its new Chief Financial Officer.Kilcullen comes to Diamond S from Oslo-listed chemical and product tanker owner/operator Team Tankers International Ltd., where he served as CFO for three years. Prior to that, he was CFO at Principal Maritime LLC,

Port Authority: 'A strong start to 2019'

Tonnage on river increases 60 percent from 2018Through the first two months of 2019, the Port of Little Rock and its stevedorer, LSI, have seen a year-to-year increase of 33 barges, a 62% increase in activity. Additionally, tonnage is up 49,000 tons year-to-year (60%) with a total of 130,400 tons.  Commodities

Rhenus Acquires World Net Logistics

Image: Rhenus Group

European logistics provider Rhenus Group has acquired South African freight forwarding and logistics specialist World Net Logistics (WNL).The takeover of the Johannesburg-headquartered firm WNL is still subject to approval by the relevant cartel authorities.In addition to having a dense network of business sites in South Africa,

ZIM: Higher Revenues, But a Loss in 2018

Pic: ZIM

The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However, the global container liner had a net loss in 2018 of $119.

HMM Intros Scrubber Installation Fund

Photo: From left to right: Young-Jun Yoon (CEO of PANASIA), Jun-Sup Shin (CEO of DSEC), Myeong-Ho Ha (CEO of Hyundai Corporation), Ho-Seon Hwang (KOBC), C.K. Yoo (President & CEO of HMM), Seok-Won Seo (President & CEO of SKTI), Kwang-Hun Ahn (CEO of Hyundai Global Service), and Ki-Cheon Nam (CEO of Multi Asset Global Investments)

South Korean shipping company Hyundai Merchant Marine (HMM) announced that it has signed a memorandum of understanding (MOU) to establish a win-win fund for scrubber installation in preparation for IMO 2020 and to seek cooperation in the shipping-related industries.The total investment amount will be KRW 153.

IAMPE's Newest Class Of Maritime Port Executives

Photo: IAMPE

The International Association of Maritime and Port Executives (IAMPE) has announced the latest group of Maritime Port Executives who completed the accredited seminar the week of March 11th at DHS/USCG Headquarters in Washington, DC.The latest class of graduates include LCDR. William Albright, USCG-MPE; Mr.

Maersk Sells Total's Shares

Image: Maersk

Danish business conglomerate  A.P. Møller - Mærsk said it is putting up for sale its shares in the French oil company Total S.A, which Mærsk got in exchange for its oil business Maersk Oil in early 2018.Maersk Oil Trading and Investments (MOTI) is offering its entire stake of 17,

Team Tankers CFO Resigns

Image: Team Tankers

Team Tankers International, the owner and operator of chemical tankers for the seaborne transportation of liquid chemicals worldwide, announced that Kevin Kilcullen has resigned his post as chief financial officer (CFO)."Kevin Kilcullen today tendered his resignation as Chief Financial Officer

BW Group Buys LPG Carrier Epic Gas

Pic: BW Group

The world’s biggest operator of liquid petroleum gas ships BW Group has purchased majority stake of Epic Gas and is looking to buy the remaining shares completing the takeover.BW, based in Norway and Singapore, is making the move after acquiring a 54.7% stake from existing owners, said a press release.

Nakilat Buoyant on LNG Shipping

Pic: Nakilat

Qatari marine company Nakilat said that it continued to push boundaries and successfully implemented several long-term growth strategies by strengthening its international presence and diversifying its fleet towards maintaining global leadership in liquefied natural gas (LNG) transportation.Nakilat

Kirby Selects Furuno for Towboat Newbuilds

Photo courtesy of Furuno

Kirby Inland Marine selected Furuno as the electronics of choice for its new generation of Subchapter M towboats. The first of three new vessels, MV Bailey, will soon enter service into the Kirby fleet of over 300 towboats and nearly 1,000 inland barges operating in U.S. waters. The bridge features Furuno electronics including Radar,

AAPA, Port Industry Mourn Loss of Steve Cernak

Steven M. Cernak

Mr. Cernak was AAPA’s immediate past Chairman and its 2019 Cruise Award recipient.Port Everglades Chief Executive and Director Steven M. Cernak passed away over the weekend, following a long, valiant battle with cancer. He was the immediate past Chairman of the American Association of Port Authorities

Cruise Meet at Posidonia Forum

Photo: Posidonia

The biennial Posidonia Sea Tourism Forum will be held from May 28-29, 2019, at the Domotel Kastri Conference Center, in Athens’ northern suburbs. Here there will be more than 30 senior cruise executives responsible for ports and destinations from the world’s biggest cruise lines, including MSC Cruises,

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