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The Alliance will safeguard customers against Hanjin situation

As the first of the three major container alliances, The Alliance is now establishing a trust fund to help the carriers deliver stranded containers if one of the members becomes insolvent. The initiative comes in the wake of criticism from US shippers in particular following the collapse of Hanjin Shipping.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

Nordic Shipholding lowers guidance again

Nordic Shipholding has decided to downgrade its expectations for 2017 once again. The company now expects a slightly bigger deficit than before, says the carrier in its interim report.

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