In the name of the climate, tonnage provider Eastern Pacific Shipping prohibits customers in its commercial management business to transport coal. Ultrabulk COO Hans-Christian Olsen doesn’t believe it’s the right way to go.
An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.
The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.
Container shipping companies earned USD 190bn in 2021, expects Drewry, and 2022 is set to become even better with an estimated sector profit of USD 200bn despite limited growth in freight volumes.
Maersk Supply Service has established a company set to launch floating charging stations for ships. The company aims to supply 50-100 ports with chargers over a five-year period as part of the Maersk subsidiary’s transition away from oil and gas. Updated.
Accidents at the much-debated beaching yards in Asia, where the majority of the world’s ships are scrapped, killed one and led to serious physical injuries for ten workers in Q4 2021, according to NGO.
High demand for commodities and gas made emissions from shipping increase by 4.9 percent last year, according to analyst firm. Thus, pollution was higher than in 2019, prior to Covid-19.
Anne Brown Frandsen is appointed new CFO at Maersk Broker. She joins from architectural firm Bjarke Ingels Group.
A labor union dispute in France means that since Jan. 14 ferry operator DFDS hasn’t been able to transport unaccompanied freight between Calais, France, and Sheerness, the UK. Efforts to find a solution are protracted.
European shipping has difficulties borrowing money. With a new maritime investment fund, Norwegian asset manager NRP Maritime Asset Management aims to offer capital to small and middle-sized shipping companies.
A worse-than-expected start to 2022 for dry cargo is far from enough to change the expectations of Golden Ocean and CEO Ulrik Andersen. The market will still be lucrative and may be so well into 2024, he tells ShippingWatch.
There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.
TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.
Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.
If the European Parliament’s significant change to the EU’s proposal for shipping’s carbon quotas is carried through, the Emissions Trading System will go from having polluters pay to polluters being paid, says the World Shipping Council.
Crude tanker company DHT Holdings has employed two CEOs since 2010, but now, Trygve P. Munthe is retiring, making Svein Moxnes Marfjeld the sole chief executive going forward.
So-called back-haul shippers are strained by high container rates, however, the difference from head-haul routes, which sail cargo the opposite way from Asia to the US, is increasing. Back-haul is thereby less interesting to carrier, writes Sea-Intelligence.
Important US west coast harbors under Port of Los Angeles handled record-large cargo amounts in 2021, a year otherwise plagued by significant delays and accumulating containers at terminals.
Crude prices have already surged 10 percent this year due to concerns regarding tighter supply.
A member has chosen to step down from MPC Container Ships’ board with immediate effect, states the shipowner.
Hafnia is in the process of acquiring 12 vessels from its largest rival, Scorpio Tankers, in a cash transaction estimated at USD 360m. It could prove difficult for Hafnia to finance such a large deal with the current stock prices, analyst tells ShippingWatch.
Shipping line Norden wants all ships to be able to sail on green fuels in 2030. Until then, the company is not through with buying fossil-fueled ships, head of climate solutions tells ShippingWatch.
Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.
Bottlenecks in the US and Europe greatly impact Chinese port Shenzhen as upcoming holidays are likely to further slow shipment of goods out of China.
Norwegian hotel rig provider Prosafe, which completed a large-scale restructuring in December, comes out of 2021 with the highest fleet utilization in six years.
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