Shipping will be included in the EU carbon trading system in 2023 if the IMO CO2 deal is not in effect from 2021. This is the decision from the Parliament's Environment Committee Thursday, directly opposing a previous recommendation from the Industry Committee and the wishes of shipowners.
Digitalization emerges as the theme when outlining the reasons behind the nomination of Jim Hagemann Snabe to chair Maersk Group and replace Michael Pram Rasmussen who is stepping down. Here is a portrait of Snabe and a focus on some of the digital challenges.
That Klaus Rud Sejling would end up as Chief Executive of a Maersk company has been in the cards for years, according to people who know the man. They describe the ambitious CEO, who has yet to turn 40, as the model of a Maersk Chief Executive. ShippingWatch presents a portrait of Damco's new CEO.
Over two days of this week, hundreds of managers from Maersk Transport & Logistics voiced their thoughts on the future of Maersk at a seminar in Copenhagen. It involved talking strategies and growth goals for the new Maersk. Two management teams in particular are critical to the outcome.
The UN International Maritime Organization has adopted a concrete strategy for the organization's work for the first time. The strategy includes seven guiding points and three principles which will be thought into all aspects of the work, Jesper Loldrup, Head of the Office of the Secretary-General's Policy and Planning Unit, tells ShippingWatch.
Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.
The maritime sphere in Europe is far from in agreement when it comes to limiting CO2 emissions from shipping. While the shipowners are highly critical of the European Parliament's plan to include CO2 in a cap trading system, the ports praise the proposal. "Most unfortunate," say the shipowners.
The final months of 2016 brought improvements on the routes from Asia to the east coast of South America. But there is still a long way to go in terms of the activity noted on the routes in the past, writes analyst firm Drewry, warning against excessive optimism.