One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.
Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.
Within the past year, it is above all the lucrative trades on the east-west routes that have attracted extra container capacity, according to figures from Alphaliner. Africa, on the other hand, has lost several large vessels.
Drilling company Noble Corporation booked an adjusted deficit of USD 22 million in the second quarter of 2021 following a financial restructuring in February and exit from Chapter 11.
After an extended period on the market, Rolls-Royce sells Norwegian engine supplier Bergen Engines to UK engineering group Langley Holdings.
Reports of a freight vessel being hijacked in the Gulf of Oman leads to new accusations between Iran and the West following a series of attacks on the merchant fleet in the region. The hijacking may already have been resolved, according to various media.
Despite progress in the demand for liquefied petroleum gas, US-based gas tanker operator Dorian LPG struggles to reverse its declining earnings.
The hijacking of a Chinese fishing boat in 2020 has resulted in ten pirates being sentenced to 12 years in prison in Nigeria. The government asked the court to send a strong signal that piracy in the Gulf of Guinea will not be tolerated, writes security firm Dryad Global.
Mitsui OSK Lines (MOL) has ordered four LNG-fueled car carriers at two shipyards. The order for new vessels is part of the Japanese carrier's environmental target of a fleet of 90 LNG-fueled ships by 2030.
In the second quarter of 2021, shipowner Diana Shipping with a fleet of 37 dry bulk vessels booked its first profit in two years.
The funds will not be used for more vessels, but what then is Maersk planning to spend the estimated USD 30 billion in its war chest on following the announcement that the full-year result in 2021 will be significantly higher than what was expected just a couple of months ago?
Record-high freight rates and pressure in the container market push up consumer prices. For example, it is now 25-40 percent more expensive to build a new house, says the CEO of Scan Global, while also pointing to other factors in the upward tendency.
The shadow war between Iran and Israel has until recently been kept off the seas, but with events now also taking place in the maritime domain, the "shadow war" could pose a threat to shipping companies. According to a new report, attacks are becoming less careful and more risky.
The oil giant wasn't able to keep pace with 2021's first quarter, though the company remains far ahead of its USD 17.5 billion deficit from the second quarter of 2020.
Drilling major Valaris, recently restructured, exits the second quarter with a billion-dollar net loss, largely due to impairments and other costs. But demand improves on the back of pandemic-related downturn, says the CEO.
Transocean exits the second quarter with a significantly reduced deficit, and the drilling major's CEO projects improved rates and utilization from the turn of the year.
On the back of the historic upturn in the global container market, Maersk upgrades its guidance for its 2021 operating profit by USD 5 billion. The global demand is expected to grow with up to eight percent this year, according to the carrier.
The red-hot container market warms shipowner Danaos, which comes out of the second quarter with advancements in all areas. Notably, the company has secured contracts at high rates that don't even begin until mid-2022.
Maersk Tankers and commodity trader Cargill's new bunker venture has launched operations and now has a name. More employees will be hired, and there is room for growth, Cargill's Head of Ocean Transportation tells ShippingWatch
The quickly spreading Delta variant may postpone the prospects of an improved tanker market, analysts tell ShippingWatch, while pointing to the carriers they believe will manage best during the downturn.
Scan Global Logistics expects to land a new acquisition within the next six to ten weeks. In the meantime, the logistics company is opening two new offices in South Africa. The timing is right, CEO tells ShippingWatch.
The U.S. now formally blames Iran for the attack on an Israeli-linked oil tanker off the coast of Oman, which resulted in two casualties, with a warning of an "appropriate response."
Swiss engine designer WinGD sees ammonia as the right choice for shipping in the green transition, and the company invests EUR 30 million in research projects to develop engines that can run on ammonia and methanol.
US furniture shipper MSC Industries sues two of the world's largest container carriers for manipulating the container market and forcing shippers onto the expensive spot market.
Inmarsat makes satellite communications available to new customer segments, including shipping and maritime customers.
Vessel Manager in TORM 
Payroll Specialist to new crewing organisation in offshore wind - Cadeler 
Junior LNG Analyst - London 
Dry Cargo Brokers for Simpson Spence Young - Bidsted, Copenhagen 
