Jesper A. Andersen has been in charge of Norden's capesize department since September last year. | Foto: Norden

Norden exec is ready to take cape expansion to the next level

For Jesper A. Andersen, the historically high newbuild prices of the large capesize ships are not an obstacle due to Norden’s strong relations in Japan.

Norden was caught out by early recovery in dry bulk

Rindbo has abandoned top down management: "My role is not to be the smartest person"

For subscribers

Crown Prince Mohammad Bin Salman appears to be scaling back his ambitions for the desert project Neom, which has run into funding problems. | Foto: Handout/Reuters/Ritzau Scanpix

Logistics

DSV's partner expected to scale back major projects in Saudi Arabia

There have been rumors and reports that the Neom mega project has run into both financing problems and lack of approvals.

For subscribers

ShippingWatch.com

Asian shipowners on Australia exit: We have a weaker voice

The Asian Shipowners’ Association says it was a request for further discount by the Australian shipowners which led to the two parties parting ways.

For subscribers

Ulrik Lackschewitz, CEO, Hamburg Commercial Bank (HCOB).

Suppliers

Hamburg Commercial Bank buys competitor's shipping portfolio

The Hamburg bank is opening a shipping office in the Netherlands following the acquisition of shipping loans of almost USD 1bn from NIBC.

For subscribers

Tanker

Chemical tanker prices approach record highs

Years of underinvestment in the global fleet have pushed prices close to all-time highs.

For subscribers

V.Group chief executive René Kofod-Olsen | Foto: V. Group

Suppliers

V.Group takes on Erasmus Shipinvest vessels

Under a new agreement, V.Group will manage a ”double-digit” number of vessels for the Greece-based shipowner.

For subscribers

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Fuel Supplier to lead Dry Cargo for Dan-Bunkering Europe

Senior Naval Architect

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The last drought left floating houses and boats stranded on the dried up Puraquequara Lake in Manaus, Amazonas state, Brazil on October 5, 2023.

Container

Maersk warns of low water levels in the Amazon River

This could cause problems getting cargo through the Amazon River from September until early 2025, says the container major.

Maersk has high hopes for rail freight that sidesteps Russia

Hapag-Lloyd expects rates to drop before the end of the year

For subscribers

Did you read?

DHL reshuffles executive team for its European business

The logistics major appoints new head of ocean freight in Europe from competitor DB Schenker.

For subscribers

Offshore

Cadeler wins contract for up to half a million euros per day

One of the carrier’s new installation vessels will install 72 offshore wind turbines off the east coast of Scotland from late 2026.

For subscribers

Rear Admiral Vasileios Gryparis | Foto: Alexandros Avramidis/Reuters/Ritzau Scanpix

Regulation

Eu force says fending off Houthis requires double the fleet

Efforts to protect commercial shipping in the Red Sea will not be effective unless EU-deployed naval force is doubled, says the fleet’s head of operation.

For subscribers

Since November, the Red Sea has been the scene of numerous attacks on ships from the Houthi movement in Yemen. | Foto: Louiza Vradi/Reuters/Ritzau Scanpix

Carriers

Drone attack in Red Sea damages merchant ship

All crew members on board the ship are reported safe after the drone attack on Sunday.

For subscribers

Container

Opinion: US strike could fuel rate surge like Ever Given did

If dockworkers on the US East Coast strike, it could have the same effect as when the ship Ever Given blocked the Suez Canal, writes Lars Jensen.

For subscribers

Article series: Container

Opinion: Carriers should explain to customers why rates are soaring

For subscribers

Read the article here

Opinion: Surge in freight prices follows same pattern as the pandemic

Opinion: Dark clouds are gathering on the horizon for the big container lines

Opinion: Carriers should make contingency plans for Middle East unrest

Logistics

DSV says customers have learned their lesson from pandemic chaos

One type of customer in particular is willing to pay anything as supply chains are once again strained, says DSV Asia Pacific’s regional HQ.

For subscribers

Ports

MSC's entry into Hamburg's port operator moves one step closer

Fierce public opposition was not enough to stop the budget committee of Hamburg’s city government from approving the sale.

For subscribers

Foto: Nathan Howard/Reuters/Ritzau Scanpix

Container

Crew free to head home three months after Baltimore accident

The agreement for the crew to return home is on the condition that they remain available to give testimony.

For subscribers

New EU sanctions to hit Russia's shadow fleet and gas trade

The purpose of imposing sanctions on Russia’s natural gas is to make the country’s exports to China and India more expensive.

For subscribers

Emanuele Grimaldi has been re-elected as chairman of the ICS board. | Foto: ICS

Carriers

Grimaldi gets two more years at the helm of ICS

Armed attacks on cargo ships are among the issues on the agenda of the International Chamber of Shipping’s president.

For subscribers

A Russian tanker. No connection to the Andromeda Star. File photo. | Foto: Tatiana Meel/Reuters/Ritzau Scanpix

Regulation

Aged tanker avoids police report after collision in Danish waters

The Danish Maritime Authority will not file a police report on the 15-year-old tanker MS Andromeda Star, which collided in a Danish strait in March.

For subscribers

”The EU has put taxes on CO2 emissions to help close the price gap between fossil and green fuels. Therefore, we all have to act accordingly”, says the CEO of DFDS. | Foto: Dfds - Pr

Regulation

DFDS chief rejects basis of green energy debate: "It doesn't really matter"

Lawmakers have decided that shipping must pollute less, making it pointless to discuss whether green energy is better used elsewhere, says Torben Carlsen.

For subscribers

Clarksons is based in London. | Foto: Kin Cheung/AP/Ritzau Scanpix

Suppliers

US regulator fines Clarksons for rule breaches

The National Futures Association has fined the London-based shipbroker USD 250,000 for a number of violations.

Clarksons has had "positive start to the year"

Clarksons hires specialist for offshore broking team in Oslo

For subscribers

Foto: Yann Tessier/Reuters/Ritzau Scanpix

Suppliers

Insurer Britannia says it is in "robust financial shape"

UK protection and indemnity insurer Brittania, which aims to return to underwriting balance, has seen claims rise.

For subscribers

From left: André Risholm CEO at Amon Maritime, Steinar Kostøl CTO at Amon Maritime and Nils Kristian Nakstad Managing Director at Enova.

Carriers

Amon Maritime launches new joint venture with state funding

The new joint venture, Amon Gas, receives NOK 180m in funding to build two ammonia-fueled gas carriers.

For subscribers

The Hanwha industrial group supplies products for both civilian and military purposes. | Foto: Mike Stewart/AP/Ritzau Scanpix

Suppliers

South Korea's Hanwha buys US shipyard from Røkke company

The acquisition of Philly Shipyard gives the Hanwha Group access to the US shipbuilding market.

For subscribers

Job changes

Mohamed Badawy
New position: COO
New employer: Folk Maritime

Container

Maersk has high hopes for rail freight that sidesteps Russia

The shipping group has stopped sending goods by freight train through Russia and has high hopes for growth on alternative railroad from China to Europe.

For subscribers