Privately owned dry cargo operator Clipper Group has had two financially strong years in dry bulk market. An influx of cargoes from customers in the overheated container market has contributed, tells Clipper Group’s CEO in an interview with ShippingWatch.
In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.
The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.
The timing proved unfortunate when DFDS took over Turkish carrier U.N. Ro-Ro in 2018. An economic crisis in Türkiye made for a difficult start, but bottlenecks and supply chain chaos following the pandemic have boosted DFDS’ investment in the company.
For the last six months, three container liners have had their credit rating upgraded by Moody’s, while three other carriers have been given an improved ”credit outlook”, going from ”stable” to ”positive”, writes Alphaliner.
The EFTA Surveillance Authority has taken note of the ongoing debate on a Norwegian law proposal on equal pay for international seafarers operating in Norway. The bill has caused strong reactions from several shipowners’ associations.
The extraordinarily lucrative times for shipping are over, says Maersk’s chief financial officer in an interview with Børsen.
French offshore ship operator Bourbon now launches a dedicated offshore wind vessel operator under the name Bourbon Wind. The new company will pursue large-scale projects, says CEO.
Platform Vesselsvalue, which serves as a database of the global commercial fleet, will now also monitor ships’ carbon intensity performance, CII, the new IMO requirement set to come into force at the turn of the year.
Increasing production in Türkiye after years with coronavirus and strained supply chains makes Blue Water Shipping increase its presence in the country, which is becoming a gradually more important site of production for European companies.
The European Community Shipowners’ Associations echoes the criticism from national associations regarding the Norwegian law proposal on seafarers’ pay and working conditions. The proposed law seems to overstep several international laws, according to the organization.
The Covid-19 pandemic and supply chain chaos have made Türkiye a more attractive site of production, prompting hectic activity for freight forwarders and carriers: ”Our customers are investing heavily in equipment,” says DFDS head to ShippingWatch.
Progress on the tanker market has led to more ship trades. Volumes in H1 have increased significantly in value, according to numbers from VesselsValue. Maersk Broker confirms growing activity.
Shippers and carriers are increasingly moving ships away from Californian ports, which are having problems with container pile-ups and looming strikes. This means that the title of busiest port in the US has moved eastward.
Seaspan’s owner, Atlas Corp, has received an increased bid from the consortium, which includes the container carrier ONE.
Greenlandic ports have in recent years become better connected to the world than previously. This is due to a collaboration deal with Icelandic Eimskip, but according to Royal Artic Line’s CEO, ambitions go beyond that.
Swiss-Italian shipping and logistics group MSC increases its air freight activities by establishing a new company.
For the second time in a few weeks, almost 2,000 port workers cease working at the UK’s largest container port, Felixstowe. 600 employees at the Port of Liverpool are already on strike.
South Korean conglomerate Hanwha, which could be overtaking shipyard DSME, plans to use the acquisition to increase its activities within sustainable shipping.
Safeen Feeders, a company under AD Ports Group, signs an agreement with Invictus Investment to create a new international dry bulk company.
Dry bulk spot rates have fallen dramatically throughout 2022 compared to the high levels seen last year, and there are no prospects of rates reaching the 2021 level any time soon, Cargill Ocean Transportation CEO Jan Dieleman tells ShippingWatch.
Last year’s enthusiastic display in shipping regarding the green energy transition is harder to see now, after elevated costs and energy prices have stolen the spotlight, says chief executive of Belgian shipping group CMB Alexander Saverys to ShippingWatch.
With the sale to Alfa Laval-owned Stormgeo, bunker planning system Bunkermetric will be applied to thousands of ships. Now it’s about helping vessels navigate increasingly complex supply chains and environmental demands. The new owner is looking for more acquisitions.
Shipbuilding group DSME has signed a memorandum of understanding with conglomerate Hanwha Group about a sale of Korea Development Bank’s 50-percent equity position, according to a news agency. The state-owned bank has previously stated that the yard ought to be sold quickly. Updated.
Mounting assignments and improved day rates have invigorated the Danish offshore service operator. Development over the past six months contrast sharply with activity levels seen in recent years.
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