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Maritime

Noi Mahoney Friday, July 26, 2019

Universal Africa Lines adds Port Houston to its liner service

The Netherlands-headquartered shipping line Universal Africa Lines (UAL) recently added Port Houston’s City Docks to its liner service that connects the Gulf of Mexico and Mexico with West Africa. UAL, which specializes in servicing the oil and gas industry and tailoring logistics solutions for clients shipping to difficult areas, will now offer up to three […]

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FreightWaves SONAR platform now has Drewry’s world container indices

International shipping has become one of the largest drivers of domestic shipping volumes in the United States over the past several years. Knowing when and where container volumes are moving can be a leading indicator of when domestic shipping volumes are going to create disruptions in the U.S. freight market. FreightWaves continues to add more […]

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Schulte Group launches VC unit for maritime startups

Schulte Group has launched INNOPORT, a venture capital unit that invests in global maritime startups. “We want to build bridges and open doors wherever possible,” said Yiannis Sykas, INNOPORT chief and director of strategy and product development at Bernhard Schulte Ship management, in a release. “INNOPORT provides startups with the right network and the right […]

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FreightWaves Staff Friday, May 17, 2019

BW LPG makes US$23.5 million loss

BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.

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