High demand and a shortage of vessels in the heavy lift sector result in a brimming orderbook and solid optimism at United Heavy Lift. "The market we've seen this year is fantastic," says Managing Director Andreas Rolner.
EU plans to incorporate shipping in its CO2 quota system, but the EU's proposal is too soft to ensure decarbonization, according to report published by consultancy. Without a steep price on CO2, the EU merely promotes the cheapest fuel savings.
Germany's new government was officially installed today. According to German media, coalition parties have struck a secret deal related to the state-owned Deutsche Bahn's divestment of DSV rival DB Schenker. DSV has previously expressed interest in a purchase.
For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.
Deutsche Post DHL Group, which includes logistics branch DHL Global Forwarding, announces a change in top leadership. Current CEO Frank Appel, who's been heading DHL for more than 13 years, has his contract extended until 2023, after which his replacement will take over. Being updated.
Problems with overfilled ports have in the past five months entailed shipping companies skipping one in four planned calls at a European port, writes Alphaliner.
Getlink-owned Eurotunnel expresses satisfaction with competition authorities looking into whether ferry operator DFDS has an unfair competitive edge on the English Channel, Eurotunnel tells ShippingWatch.
Private equity firm 3i, an owner of Esvagt since 2015, wants to add even more years to its ownership of the offshore and wind service operator. 3i is confident in "attractive" growth prospects for the offshore wind markets in the US and Europe, the company tells ShippingWatch.
Alongside shipbuilder Shin Kurushima Dock, K Line means to develop a concept for a car-carrying vessel that can use ammonia as fuel.
China has imposed a 14-day local lockdown due to a rise in Covid-19 infections, writes S&P Global Platts citing several unnamed industry sources.
Two companies in particular hold strong positions in terms of reaping the fruits from the wind turbine installation vessel market, which in a few years could see a situation similar to the current container market, analyst tells ShippingWatch.
DNB Markets estimates that Esvagt has a value of nearly DKK 7 billion after 3i Infrastructure opted to buy the entire offshore and wind carrier amid a sales process. "We were surprised, but in a positive way," says Esvagt CEO Peter Lytzen to ShippingWatch.
With a new "green offer", DSV aims to make it possible for customers to reduce their shipping-related environmental impact considerably, allowing the company "to keep supply chains flowing in a more sustainable way", says DSV Chief Executive Jens Bjørn Andersen.
The container and dry bulk markets appear to be in for a cool-down after record-high growth rates in 2021. However, demand is still strong, as a result of which the market will remain at a stable level, assesses Moody's in a prognosis.
Foreign container lines are the targets in a new legislative draft aimed at compelling container carriers to transport US agricultural exports. The draft bill receives full backing from export coalition.
On Monday, 85 container vessels were waiting outside the Ports of Long Beach and Los Angeles, according to VesselsValue – a reduction of two from ten days ago. However, fewer containers are waiting in terminals.
Shipping company Torm is divesting nine tankers after a long period with low rates in the product tanker market. The buyer is a Chinese leasing company, and the total price comes to USD 172 million.
Container lines get another breather at the Ports of Long Beach and Los Angeles for removing containers that have idled too long at the terminals. The ports are postponing a dwell fee by one week.
Concerns of the Omicron variant have abated, leading oil futures to close 5 percent higher on Monday. The optimism will be "highly susceptible to even hints of the Omicron's destructive power", according to analyst.
Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.
Cadeler has gone through major changes in the past few years, and 2022 will be "super busy" for the wind carrier as well. CEO Mikkel Gleerup is open to acquisitions in a market that is expected to face consolidation.
European Commission top profile Frans Timmermans joins the shipping industry in urging the International Maritime Organization to pursue fast climate action.
German dry bulk shipping company Oldendorff has struck a deal with ship management company Synergy Group to take on operation of 17 vessels shortly after Synergy set up an office in Hamburg.
US private consumption is still at a record high, and demand for goods into the country doesn't seem set to wane in the near future, writes Sea-Intelligence.
Rates on multipurpose vessels continue their upswing, and even the coming Christmas and New Year's period will not curb their skyrocketing significantly, according to Toepfer. High demand and lack of tonnage drive developments.
Claims Executive, Skuld Copenhagen 
Ocean Vessel Operation Manager, Charter & Project 
Senior Charterer 
Chartering Manager 
Head of Operations for B-Gas A/S in Copenhagen 
Chief Operating Officer 
Technical Inspectors and Marine / Nautical Inspectors 
Sales Director 
