Maersk Line and two of the liner company's subsidiaries have been working closely with major Russian aluminum producer Rusal, which is now hit hard by new sanctions imposed by the US.
The number of dry bulk shipping companies in Denmark has increased significantly in the past three years, and numerous new offices have been established in the country's capital region. ShippingWatch provides an overview of the new players.
Reefer carrier Seatrade has decided to appeal the scrapping verdict issued against the company and two of its executives in March, the company tells ShippingWatch.
Classification bureau DNV GL points to seven alternatives to traditional shipping to reach sulfur and greenhouse gas reduction targets.
The world's two biggest liner companies, Maersk Line and MSC, could in practice benefit from South Korea's massive state aid to carrier Hyundai Merchant Marine, says shipping analyst Lars Jensen.
The volume of container vessels sold for scrapping has plummeted to a level which according to Alphaliner could threaten the fragile recovery of the container market.
Dutch Seatrade will appeal the verdict which found the company and two directors guilty of illegal scrapping in March, reveals the carrier to ShippingWatch.
Bunker company Monjasa does not see itself as an acquisition target nor a player looking to buy in an industry where consolidation has intensified.
Japanese commodity traders fear they could become sanction targets and unable to pay Russian mining company Rusal in US dollars.
The International Energy Agency's latest oil market forecast promises good news for tanker carriers, reports Clarksons Platou.
NordLB once again booked a profit before taxes in 2017 and trimmed almost EUR 5 billion from its portfolio of shipping loans. Shipping was the biggest item among the bank's provisions for non-performing loans.
A court in Houston approved Seadrill's rehabilitation plan Tuesday, and the company expects to leave its Chapter 11 status behind within 90 days.
Even though several ports operate with green tariffs, it is far from enough. Ports need to use more financial mechanisms and be part of the sector's climate battle, writes International Transport Forum in a new report.
One in every three ships were inspected over the past three years for compliance with sulfur requirements in North Europe. Five percent of the ships did not meet the requirements, according to a new report from the EU Commission, which proposes more initiatives with global sulfur rules.
The global recovery could end already in 2020, projects the IMF. Reduced effects of US tax reforms and lower growth in China factor in.
Carriers should consider carefully if LNG is a viable solution with the IMO's new CO2 targets, says Tristan Smith, leading maritime academic at University College London. According to ShippingWatch's information, the CO2 targets will be included when Hapag-Lloyd finally makes a decision on LNG at the next board meeting.
US-based Flexport is looking to multiply its business within a few years as part of efforts to become one of the world's ten biggest freight forwarders. ShippingWatch provides an inside look at one of the most talked-about startups in the shipping sector.
MAN Diesel & Turbo will supply engines for the 11 ultra-large vessels of 23,000 apiece ordered by MSC.
Container carrier Pacific International Lines (PIL) delivers a strong 2017 result with growth in the operating result of 269 percent.
In a comprehensive questioning by the Danish financial police in 2016, OW Bunker's now-deceased CEO Jim Pedersen denied any knowledge of the out-of-control credits at Dynamic Oil Trading, revealed a court session last Friday in the ongoing criminal trial.
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