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Europe

Set Alert for Lloyd's List Regional :: Europe

Port delays could see cargo damage claims rise

A court has found in favour of a vessel owner after a cargo of soyabeans from Brazil became spoiled due to discharge delays in China. The judge ruled that the cargo owners could recover damages, in addition to demurrage, to compensate them for cargo claim liabilities

Ports and Logistics Dry Bulk

Carbon capture could cut decarbonisation costs by 50%, says study

Carbon capture and storage, used in industries such as cement production or energy, is a new concept in the shipping industry that may help to drive down emissions. However, it could take time as development is only at the conceptual stage

Ports and Logistics Technology and Innovation

Congestion surcharge introduced at Felixstowe as costs rise

CMA CGM will be implementing a surcharge of $150 per teu for imports and exports between Asia and Felixstowe from October 1 to recover costs from congestion issues at the port 

Europe United Kingdom

UK can lead shipping’s green recovery — with the right support

If the UK maritime sector is to gain a substantial share of a global blue economy set to be worth over £2tn by 2030, it needs innovation and the right environment set by the government, says the head of the Chamber of Shipping

Europe United Kingdom

Peel Ports says Liverpool is solution to Dover’s truck queues

Peel Ports calls for cargoes to be shipped from ports nearer to traditional manufacturing and transport hubs to avoid supply chain congestion

Europe United Kingdom

CMA CGM set to buy 30% stake in Dubreuil Group Aero

The acquisition of the stake in the French private airline group will enable CMA CGM’s expansion in the airfreight space

CMA CGM Containers
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Germany

Set Alert for Lloyd's List Europe :: Germany

MPC Capital incurs impairment on container unit restructuring

Deutsche Börse-listed former KG house, a co-investor in MPC Container Ships, has seen profits fall sharply thanks to its exposure to the box shipping sector, although tankers proved a positive

Germany Norway

Hapag-Lloyd chief holds shippers to commitment to ease supply chain recovery

Hapag-Lloyd calls for commitments from customers to be honoured to ease disruption as capacity supply returns to normal

Europe Germany

34 Bremen/Bremerhaven (Germany)

German port loses 600,000 boxes overnight following the Hapag-Lloyd pullout but plans to regain lost ground

Top 100 Ports Containers

17 Hamburg (Germany)

Strong hinterland links help raise German port's throughput figures

Top 100 Ports Containers

Hamburg adds to boxports’ coronavirus woes

Europe’s third-largest container port experienced a considerable decline in box traffic during the first six months of 2020. The slowdown in China accounted for an important part of that drop, but some signs of a recovery are apparent, according to the port’s leadership

Containers Ports and Logistics

Pandemic impact ‘definitely not over,’ says Hapag-Lloyd chief

Container lines will need to continue to manage capacity to keep costs down but be prepared to reintroduce services to meet increased demand

Europe Germany
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Greece

Set Alert for Lloyd's List Europe :: Greece

TEN posts record second-quarter profit

New York Stock Exchange-listed tanker owner reports second-quarter net income of $49.6m, compared with a $300,000 profit in the year-earlier period

International Greece

Euroseas hails strong boxship market amid unpredictability

Chief executive Aristides Pittas said the improved strength of the market for intermediate boxships was reflected in a charter extension for the company’s 5,610 teu Akinada Bridge

Europe International

Diana sells 14-year-old panamax

The US-listed bulk carrier owner has been clearing out middle-aged and older panamaxes from its fleet, having divested six vessels last year. The company is taking a more defensive posture. It will use proceeds of sales to bolster reserves or repay debt as it girds itself against the effects of the coronavirus backdrop

Greece Dry Bulk

Marinakis buys boxship trio from NSC Group

Evangelos Marinakis’ Capital Maritime group is understood to be acquiring the ships privately, while Nasdaq-listed affiliate Capital Product Partners, which controls a fleet of larger neo panamax boxships, continues eyeing up opportunities of its own

International Europe

Greek owners call for EU relief for shipping

Shipping companies are ‘beating heart’ of broader European maritime cluster, say Greeks, but need ship finance options from within the European Union to maintain strategic role

Europe Greece

Greek owners curb Venezuelan oil shipments, keeping exports at 80-year low

Greek-owned tankers are still shipping Venezuelan crude, but in much smaller volumes and only to European or Indian refineries, as part of diesel-for-crude swaps

International Greece
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UK

Set Alert for Lloyd's List Europe :: United Kingdom

Port delays could see cargo damage claims rise

A court has found in favour of a vessel owner after a cargo of soyabeans from Brazil became spoiled due to discharge delays in China. The judge ruled that the cargo owners could recover damages, in addition to demurrage, to compensate them for cargo claim liabilities

Ports and Logistics Dry Bulk

Carbon capture could cut decarbonisation costs by 50%, says study

Carbon capture and storage, used in industries such as cement production or energy, is a new concept in the shipping industry that may help to drive down emissions. However, it could take time as development is only at the conceptual stage

Ports and Logistics Technology and Innovation

Congestion surcharge introduced at Felixstowe as costs rise

CMA CGM will be implementing a surcharge of $150 per teu for imports and exports between Asia and Felixstowe from October 1 to recover costs from congestion issues at the port 

Europe United Kingdom

UK can lead shipping’s green recovery — with the right support

If the UK maritime sector is to gain a substantial share of a global blue economy set to be worth over £2tn by 2030, it needs innovation and the right environment set by the government, says the head of the Chamber of Shipping

Europe United Kingdom

Peel Ports says Liverpool is solution to Dover’s truck queues

Peel Ports calls for cargoes to be shipped from ports nearer to traditional manufacturing and transport hubs to avoid supply chain congestion

Europe United Kingdom

UK-backed ferry company with no ships goes bust

A sorry chapter in UK shipping history comes to a close with the demise of a shipping company that never was

Europe United Kingdom
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Norway

Set Alert for Lloyd's List Europe :: Norway

Seadrill suspends debt payments, hires restructuring advisers

Seadrill announced forbearance agreements on some of its debts due this month. The Oslo-listed offshore driller has hired the same stable of restructuring advisers that led it through Chapter 11 two years ago as it tries to restructure $7.3bn in debt.

Norway United States

Pool claims push Skuld to first-half loss

Positive contributions from including offshore, hull, charterers and freight, demurrage and defence and from investments wiped out by contributions to other clubs’ major casualties

International Norway

Private equity hires prompt speculation over future of Fredriksen empire

Funds have started circling with interest after John Fredriksen, one of the last of shipping’s true tycoons, hired in fund managers to restructure his empire away from shipping

Norway Tankers and Gas

Hull and machinery claims down, Cefor data shows

Hull and machinery has so far taken only a modest hit from coronavirus, with P&I and loss of hire worst hit, according to the latest half-yearly statistical report from Cefor. Total losses, claims costs and claims frequency are all down, but that probably reflects reduced activity

International Norway

Green dreamers discouraged from seeking accelerator backing

Yara Marine Technologies needs to diversify away from scrubbers. One initiative among several agreed by management has been to work with start-ups on a green maritime technology. The company will ensure proposals’ relevance to the industry 

Norway Technology and Innovation

Seadrill offers up oil services stakes in restructuring talks

Rig operator Seadrill has offered stakes in Archer and Seabras to holders of its new secured notes. To carry out a future debt deal, the company may end up back in Chapter 11 bankruptcy proceedings less than three years after its last Chapter 11 case in Houston 

Norway Finance
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