Stay updated with breaking news from Hellenic Shipping. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos. ”It is a record high; I had never seen freight reach that amount,” said Luigi Ferrini, Senior Vice President of Hapag-Lloyd in Brazil. A year ago, the...
Stifel sees healthy 2021 for waste sector Equity research firm sees disciplined management and sector growth benefiting waste company bottom lines next year. For all that COVID-19 has done to the state of North American public health and the economy in 2020, the waste sector has maintained profitability and is set to see more profits accrue in 2021, says Baltimore-based equity research firm Stifel. The company and its Group Head and Managing Director of Diversified Industrials Michael E. Hoffman have released a Solid Waste 2021 Outlook report predicting “room for upside surprise” for wast...
By Tsvetana Paraskova - Dec 17, 2020, 1:00 PM CST Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping industry. Driven by stricter sulfur emissions standards and the ongoing global drive towards a lower-carbon future, the world’s top shipping operators and manufacturers are raising the share of vessels in the fleet powered by alternative fuels. LNG has so far emerged as the top choice among fuels alternative to marine gasoil and low-sulfur fu...
Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping industry. Driven by stricter sulfur emissions standards and the ongoing global drive towards a lower-carbon future, the world’s top shipping operators and manufacturers are raising the share of vessels in the fleet powered by alternative fuels. LNG has so far emerged as the top choice among fuels alternative to marine gasoil and low-sulfur fuel oil to power ships, paving the way for another gr...
Originally published 9/29/2020; updated 12/11/2020 In early September, Doosan Infracore Co., South Korea’s largest construction equipment maker, announced the opening of preliminary bidding for a controlling stake in its operations. At that time, Hyundai Heavy Industries Group emerged as a top-tier bidder. On December 10th, it was announced that Hyundai Heavy has been selected as the preferred bidder. Respective parties including creditors were informed Thursday morning. The sale of Doosan Infracore is part of the restructuring process for the beleaguered Doosan Heavy Industries & Con...