Zacks Investment Research Downgrades Genco Shipping & Trading (NYSE:GNK) to Hold
Genco Shipping & Trading (NYSE:GNK – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report...
Category : Freight
Shipping urged to prepare for potential next pandemic
Stronger, long-term cooperation between industry, international bodies and governments is required to address the increasing challenges and changes to the maritime labour market in the...
ZeroNorth releases new open Vessel Reporting Platform for shipping industry
New platform is aimed at boosting decarbonisation efforts across the sector by improving data standardisation and transparencyCopenhagen, Denmark; 26 April 2022: Technology company ZeroNorth has...
Australia’s Toll Holdings to pay US$6m for ‘reckless disregard’ of US sanctions | US news
The Australian company Toll Holdings must pay US$6.1m for its “reckless disregard” of US sanctions targeting terrorism, the manufacturing of weapons of mass destruction and...
Spirit of Britain departs Port of Dover as P&O restarts freight services
The Spirit of Britain has left the Port of Dover, in Kent, as P&O Ferries resumed Dover-Calais sailings for freight customers on Tuesday evening. The...
San Marino Ship Register announces new hire in technical team
The Republic of San Marino continues to expand its presence in the shipping sector, following the successful opening of its international shipping registry to pleasure...
Kuehne+Nagel Q1 2022 airfreight earnings climb 103% YoY despite Asia-Pacific disruptions
Switzerland-based freight forwarder Kuehne+Nagel’s gross-profit airfreight revenues for Q1 2022 were up 103% year over year to roughly $850 million, despite airfreight disruptions in the...
Baltic index hits four-week high on capesize gains
The Baltic Exchange’s main sea freight index rose to a four-week high on Tuesday, boosted by gains in the capesize segment, while panamax fell for...
Crisis or hiccup? Assessing the logistics impact of China lockdowns
A mixed bag of circumstances and time horizons are creating diverging narratives about whether shipping delays stemming from the shutdown of Shanghai and other Chinese...
New shipping facility prompts complaints, ‘No Truck’ signs along rural MO roads
A new shipping and distribution center is wreaking havoc for Missouri residents living along a once peaceful rural road, prompting the city to make moves...