Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.
The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.
DFDS reports growth in revenue as well as earnings in the second quarter. The positive development continues despite the situation in Turkey, currently creating uncertainty, says CEO Niels Smedegaard.
Dubai-based port and terminal operator DP World reported a smaller profit for the first half of the year despite a considerable increase in revenue.
A Norwegian-based yard will construct the world's first autonomous and zero-emission container vessel, which is expected to be completed in 2020. The vessel is the result of a collaboration between supplier Kongsberg and fertilizer company Yara.
The German container carrier has invested in a large number of containers for its reefer ships, bringing its capacity up to 100,000 reefer containers.
Marine and towage group Boskalis suffered a massive deficit for the first half of the year, as weak activity in Offshore Services dragged the group down despite positive developments in other business units.
Singapore-based gas carrier Epic Gas reduced its deficit in the second quarter. CEO sees an improving LPG market.
There could be large savings to gain for tanker carriers if they install scrubbers on modern VLCCs before the sulfur cap is implemented, show calculations made by Drewry.
Norwegian oil service company Aker Solutions will install 35 kilometers power umbilicals for a Chinese oil company in the South China Sea.
Nobody seems to have a well-documented explanation for where the bad bunker currently plaguing the shipping sector really comes from. Meanwhile, each day brings a new case of damaged engines. A Norden ship is the latest to report issues with bad bunker.
Norden's dry bulk business is doing well, as expected. But the tough market for tanker vessels drags down the recovery, shows the shipping company's second quarter interim report.
Bunker prices alone are not responsible for container carriers' losses in the first half of 2018. The carriers themselves have not done enough to reduce capacity, says analyst firm Alphaliner. Evergreen tops the list with a huge order book.
Maersk Line has procedures in place to avoid being impacted by the widespread issue of contaminated bunker which has plagued several shipping companies recently.
Over the summer, German dry bulk operator Oldendorff has sold 13 ships to an Asian buyer that will lease them back to Oldendorff immediately.
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Legal Counsel - Swire Blue Ocean A/S
Experienced Chartering profile - Norient Product Pool ApS
IT Operations Manager for International Shipping Company - J. Lauritzen
Operations Specialist - Laytime - NORDEN
