heavy machinery transport
heavy machinery shipping

Shipping News


ARI Media
- Aug 3, 2017
- 2 min
U.S. commodities post big outflows
U.S.-based commodities funds posted the largest withdrawals of 2017, bleeding $1.2 billion during the latest week and sending a contrarian signal to rising oil and gold markets, Investment Company Institute (ICI) data showed. Crude oil futures and gold have both generated more than 4 percent returns apiece over the last month, but withdrawals accelerated for U.S. funds heavily invested in those assets. Kristina Hooper, global market strategist at Invesco Ltd, said the selling
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ARI Media
- Jan 23, 2017
- 3 min
A (Supply) Chain Reaction?
In 2016 the shipping industry saw significant supply side adjustments in reaction to continued market pressures. For shipbuilders this meant a historically low level of newbuild demand with fewer than 500 orders reported in 2016, and the volume of tonnage on order declined sharply. Meanwhile, higher levels of delivery slippage and strong demolition saw fleet growth fall to its lowest level in over a decade. Pressure Building Up 2016 was an extremely challenging year for the s
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ARI Media
- Dec 22, 2016
- 1 min
US to Phase Out Oil in Arctic
The United States and Canada are moving closer to phase out the use of heavy fuel oil (HFO) from vessels operating in the Arctic waters through a strategy to rid the region of the dirtiest marine fuel, according to the Clean Arctic Alliance. Namely, the countries are launching the first processes ever to identify sustainable shipping lanes throughout their connected Arctic waters, in collaboration with Northern and Indigenous partners. The US and Canada have also agreed to pr
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ARI Media
- Dec 12, 2016
- 1 min
Cocaine Found on Maersk Ship
Mexican authorities have seized some 278 kilograms of cocaine from a container carried by the 63,200 dwt containership Laura Maersk. According to the information provided by the Mexican government, the vessel, operated by Danish shipping giant Maersk, brought the container to the port of Manzanillo, where the illicit content was discovered. A total of 295 packages were hidden inside a cargo of magnetic rollers. The container with the cocaine was reportedly loaded onto the 200
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ARI Media
- Dec 12, 2016
- 1 min
Maersk, MSC and HMM Enter Cooperation
Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation. The cooperation is a combination of slot exchanges and slot purchases between the three parties, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM. Although the cooperation is outside the scope of MSC and Maersk Line’s 2M vessel sharing agreement, it “will pro
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ARI Media
- Dec 5, 2016
- 3 min
Shanghai on the Up
Dynamic and bustling: Shanghai is the world’s busiest container port and China’s economic powerhouse. Moving through Shanghai during rush hour requires steady nerves. Millions of people on their way to work throng into the urban canyons of the economic metropolis at the same time on buses, in cars and on motorbikes. The streets are jammed, noise levels are high and the air is heavy. “Commuters on the underground trains are lucky if they find a place to stand – although you ca
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ARI Media
- Dec 5, 2016
- 3 min
Fed Warns Trump to Be Smart
Without mentioning President-elect Donald Trump by name, Federal Reserve officials warned that the incoming administration’s fiscal policy must be intelligently designed to spur the economy while maintaining a rainy-day fund to help the economy withstand another downturn. “Smart” government spending and tax reform could help the economy grow, said Chicago Fed President Charles Evans in a speech to the Executives Club of Chicago, according to Reuters. Earlier, New York Fed Pre
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ARI Media
- Nov 18, 2016
- 3 min
Trump and the Shipping Industry
Investors seem to think that the newly elected American President, Donald Trump will prove beneficial to the shipping industry, as the latest shipping stocks surge has shown. On the other hand, it could just be a blip of the markets and normal service will be resumed as soon as more information regarding policies emerge. Still, as Allied Shipbroking pointed out in its latest weekly report, it looks as though the market started to have severe mood swings as to what a Trump pre
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ARI Media
- Nov 1, 2016
- 4 min
Dry Bulk: Supply Side Is Worse
Back in May, BIMCO disclosed a projected “road to recovery” for the dry bulk shipping industry. The main message back then on what the dry bulk sector must do to return to profitability was, and still is: “Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market”. As promised, BIMCO will monitor and report back to the dry bulk shipping industry on the progress made towards a recovery. 2016 must be the turning point in addressing the fundamenta
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ARI Media
- Nov 1, 2016
- 4 min
Shipping With Wind Propulsion?
As Maritime Holland readers undoubtedly know, the 2015 Paris Climate Agreement makes no reference to the shipping industry. However, this doesn’t mean that the sector is not making its own progressive steps on the matter. The recent contract between Switijnk Shipping, a family-owned Dutch shipping company, and C-Job Naval Architects for a Flettner Freighter is one example of how the shipping sector is independently and pro-actively looking for sustainable shipping solutions.
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ARI Media
- Oct 25, 2016
- 1 min
Global Oil Demand Growth
Global oil demand will rise by 1.2 million barrels per day (bpd) in 2017, steady from 2016 global demand growth levels, despite gains in Chinese consumption, the chief of the International Energy Agency (IEA) said on Tuesday in Singapore. Talking on the sidelines of Singapore’s International Energy Week, the IEA’s executive director Fatih Birol said that oil demand growth could weaken, if prices kept rising. International benchmark Brent crude oil futures have almost doubled
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ARI Media
- Oct 25, 2016
- 1 min
How To Get The Lowest Rates
Let's face it, at some point, we'll need to ship something. Whether it's a parcel or an entire business, sometimes finding the best deal is overwhelming, as there are so many options and forwarders to choose from. At ARI, you can relax and feel comfortable knowing that you're not only getting a great deal on your shipment, but you're getting the best service around. And our expertly trained staff will work with you to get the lowest prices, guaranteed. There's a reason we're
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ARI Media
- Oct 4, 2016
- 3 min
"Shipping Fiasco Was Unavoidable" Says Hanjin Chief
Hanjin Group Chairman Cho Yang-ho, the largest stakeholder of the group’s cash-strapped Hanjin Shipping, said Tuesday the recent shipping fiasco sparked by court receivership of the shipping line was “unavoidable.” “It was an unavoidable situation derived from the aggressive supply of government-backed foreign shipping lines and their low price strategies,” Cho said in a parliamentary audit for the state-run Korea Development Bank. KDB is the main creditor of Hanjin Shipping.
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