Foto: Clement Rossignol/reuters/ritzau Scanpix

EU shipowners want to tighten demands for fuel suppliers

European ports and shipowners bid welcome EU agreement on fuel demands, but ports want flexibility in infrastructure while shipowners want binding demands for suppliers.

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Hafnai's CEO, Mikael Skov, will receive about 595,000 new options in the listed carrier. | Foto: Hafnia

Tanker

Hafnia rewards management with new share options

The tanker carrier awards new share options to CEO Mikael Skov as well as another executive following a record-breaking profit.

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Carriers

Japan shipper seeks government support for Russia insurance risk

While the CFO of carrier Nippon Yusen KK claims the private insurance sector alone can’t cover for shipping companies’ risks from Russia’s war in Ukraine, the Japanese company has asked its government to guarantee insurance instead.

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Geneva-based carrier MSC has several Chinese-owned ships in its fleet. These include vessel MSC Zoe, which is ultimately owned by the Chinese state-owned Bank of Communications. | Foto: Bodo Marks/AP/Ritzau Scanpix

Regulation

Taiwan risk makes carriers look for alternatives to Chinese yards and banks

Shipowners in Europe have quietly begun searching for alternatives to China’s shipyards and financial institutions, several shipping banks divulge.

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Did you read?

Hackers have gained access to customer data from Maersk

The hacker group Anonymous Sudan aims to punish Danish companies for Rasmus Paludan’s desecration of the Quran.

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Container

Hackers have gained access to customer data from Maersk

The hacker group Anonymous Sudan aims to punish Danish companies for Rasmus Paludan’s desecration of the Quran.

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix

Tanker

John Fredriksen joins Euronav board following vote

The Saverys family gets a representative on the Belgian tanker operator’s board as well following an extraordinary general assembly.

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Carriers

Case of fired Maersk captain will return to court at US Coast Guard

Possible misjudgments in harassment case against former Maersk captain Mark Stinziano mean that the case will return to court. Maersk rejects the notion that he could be rehired.

For subscribers

Did you read?

Taiwan risk makes carriers look for alternatives to Chinese yards and banks

Shipowners in Europe have quietly begun searching for alternatives to China’s shipyards and financial institutions, several shipping banks divulge.

For subscribers

Foto: Ries van Wendel de Joode / Port of Rotterdam

Carriers

Cargo ships must use 2 percent green fuel in EU from 2025

The EU reaches agreement on new legislation which entails that freighters must initiate cuts to greenhouse gas emissions from fuels.

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Tanker

Commercial officer leaves Maersk Tankers

Eva Birgitte Bisgaard, who joined Maersk Tankers in 2020, steps down with immediate effect.

For subscribers

Regulation

Norwegian shipowners: IMO must secure climate neutrality by 2050

Instead of focusing on intermediary targets in 2030 and 2040, it ought to be top priority at the coming UN MEPC meeting to tighten the target for 2050 markedly, says Norwegian Shipowners’ Association.

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Suppliers

Media: Private equity firm to sell Wrist Ship Supply after 15 years of ownership

Altor Equity acquired the company in relation to a takeover of the now bankrupt oil group OW Bunker in 2007.

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Did you read?

Commercial officer leaves Maersk Tankers

Eva Birgitte Bisgaard, who joined Maersk Tankers in 2020, steps down with immediate effect.

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Article series: Offshore

Mærsk family's holding company acquires Maersk Supply Service

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Read the article here

Maersk prepares for possible sale of four companies with 8,000 employees

The kite will be installed aboard Corona Citrus, a vessel from 2019. | Foto: K-line

Bulk

Japanese K-Line installs kite system aboard one of its vessels

The carrier intends to lower emissions from one of its coal-carrying bulk vessels through use of wind power.

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Carriers

Maersk Training with profits for second year in a row

Maersk Training, which had a rough few years and could be heading for the sales list at Maersk, believes in positive earnings in 2023 as well.

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Logistics

Scan Global promises female board members after ownership transfer

The expanding Danish logistics company has no female board members and only recently hired its first female executive member. Unsatisfactory, CEO admits, promising changes in short time.

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Bulk carriers are sailing record-large wood volumes to the EU

Higher prices on coal make EU countries import large volumes of wood biomass, setting a new record in February, broker firm writes.

For subscribers

Foto: China Stringer Network/Reuters/Ritzau Scanpix

Regulation

Shipping could become early victim of Taiwan conflict

Commercial shipping’s importance for global economy is a blind spot among US national security advisers, warns US expert.

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Tanker

Russian oil could end up in tanks of European ships through simple maneuver

Even though many shipowners would like to avoid Russian fuel in their ship tanks, it might still turn out that way due to a legal loophole in the EU sanctions.

For subscribers

Container

Greek shipowners see much uncertainty ahead: "No one is able to predict the outcome"

Newbuild orders and financial turmoil pose a challenge to container carriers. ”The best scenario would be that the market moves sideways,” states Danaos.

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Carriers

Norway's minister of finance affirms: No changes to carriers' tax benefits

A proposal on rejecting Norwegian carriers’ tax scheme, which is similar to the Danish tonnage tax, won’t be effectuated, ensures Norway’s minister of finance after strong reactions from the industry.

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Container

Maersk has called off the most voyages after drop in demand

A.P. Moller-Maersk tops the list of carriers that have pulled vessels off of shipping routes as a reaction to the declining market.

Container

OOCL expects gradual container market recovery later in 2023

The container rates’ decrease is now less marked and demand seems stable, writes OOCL in its financial report.

For subscribers

Foto: Thomas Peter/Reuters/Ritzau Scanpix

Bulk

Bulk operators are optimistic: "All trends are positive in China right now"

China will carry dry cargo carriers through 2023, industry players including Genco Shipping and Taylor Maritime Investments state.

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Job changes

01/06/2023
Morten Axel Petersen
New position: Group CFO
New employer: Desmi
Niels Wammen-Jensen
New position: Group VP, Government Affairs, Europe
New employer: MSC
Palle Laursen
New position: Head of Marine
New employer: Royal Caribbean Group

Tanker

Stolt Tankers acquires new ships for Caribbean routes

A strengthened chemical tanker market prompts Stolt Tankers to expand its fleet.

For subscribers

Tanker

New chemical carrier goes public with seven tanker vessels

Newly founded Stainless Tankers aims to benefit from a tanker market upswing in the upcoming years after which the fleet will most likely be put up for sale again.

For subscribers