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Vestdavit aims to make a big splash at Nor-Shipping by showcasing an actual full-size PLR-5000 davit on its corporate stand at the upcoming maritime exhibition in Norway.

Normally mounted on the decks of naval or coastguard vessels for launch of smaller craft, the impressive davit with 5000kg lifting capacity is set to have similar pulling power with the expo crowd to that seen in the market as sales of the PLR have surged over the past few years.

Please find attached confirmation (click here) that INVL Baltic Sea Growth Fund (“the Fund”), one of the largest private equity investment funds in the Baltic region is pleased to announce that leading private medical chains InMedica and MediCA Group have successfully completed the largest merger partnership in Lithuanian healthcare clinic deal history to date.

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* Ukrainian Antonov An-124 delivers emergency aid from the United Arab Emirates to Poland
* Shipment is covered by Kuehne+Nagel's 10 million Swiss franc pledge of aid for the Ukrainian people

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Nearly a week after P&O Ferries fires a quarter of its workforce without notice, the company continues to attempt to justify its actions while the U.K. government is investigating legal actions. Ferry service on most of the company’s routes continues to be suspended while labor unions are organizing protests in London and at ports across the UK and calling for a boycott.

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A key oil export terminal on Russia's Black Sea coastline has been damaged in a storm, potentially cutting off Kazakhstan's main oil export pipeline for months. The shutdown could take an additional one million barrels per day off the market - one percent of global production - at a time when supplies are already tight.

Washington, March 22, 2022 – The American people are looking for solutions to supply chain congestion resulting from the impacts of COVID-19. Unfortunately, the Ocean Shipping Reform Act of 2022, S.3580, which was marked up today by the Senate Commerce Committee, addresses none of the root causes of the U.S. landside congestion.

SOARING air cargo rates are making it possible for Finnair to reinstate long-haul passenger flights to Asia despite the added cost of detouring around Russia after the nation closed its airspace to Western airlines, reports New York's FreightWaves.

BRAZILIAN plane-maker Embraer is optimistic about China's booming aircargo market, with the company willing to support the sector's further progress in cooperation with local partners, reports Xinhua.

AMERICAN ULD maker Satco has opened a US$10 million air cargo safety research centre (ARC) for Unit Load Devices (ULD) featuring a fire safety test facility, reports London's Air Cargo News.

OCEAN carrier consolidation appears to be a major contributing factor for the substantial increase in shipping costs that began in the middle of 2020, according to RaboAgrifinance vice president research Roland Fumasi.

US CONGRESSIONAL moves to end "most favoured nation" trade relations with Russia hit a stumbling block over the procedures for re-establishing relations in future, reports Bloomberg.

THE US telecoms regulator has voted to revoke the authorisation for Chinese telecoms operator Pacific Networks to provide telecommunications services in the US, Reuters reports.

P&O Ferries, a leading ferry company in the UK, has fired 800 employees through a three-minute pre-recorded video, reports NBC News.

Hong Kong, [21] March 2022 – Pacific Basin Shipping Limited ("Pacific Basin" or the "Company", 2343.HK), one of the world's leading dry bulk shipping companies, has signed an agreement with the Ocean Technologies Group to implement its recently launched Ocean Learning Platform.

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Logistics specialist extends its network in Europe and overseas, increasing net sales to 2.5 billion euros / Strong demand for e-commerce / 112 million euros invested in expanding locations / Continuing focus on digital services and green logistics


The magazine SEA has been published since 1935
International business magazine JŪRA MOPE SEA has been published since 1999
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The magazine JŪRA has been published since 1935.
International business magazine JŪRA MOPE SEA has been
published since 1999.

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