Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.
With major ports mined and few exits out of Ukraine, small ships are piling up in an attempt to export grain. CEO of bulker company BPG Shipping/Kronos Bulkers Gennadiy Ivanov presents his views of the impact of the war.
The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.
Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.
Despite a big, long-awaited sale, Henrik Sørensen continues at the helm of his life’s work, maritime technology provider Desmi. In an interview with ShippingWatch, the Danish owner elaborates on the decision to sell a majority stake and the next step for the pump manufacturer.
Digital company Zeronorth changes its board. Robert Mærsk Uggla steps down and will be replaced by a new representative from A.P. Moller Holding.
Hunter Group subsidiary Hunter Tankers sells its entire fleet for a total of USD 383m.
Central players such as Höegh Autoliners as well as Chevron’s and Shell’s tanker carriers particularly point to one specific solution for shipping’s major challenge with decarbonization, as made clear at the Marine Money shipping conference in New York.
Maersk Drilling’s merging partner Noble sells five rigs. Divestment of rigs is a precondition for having the merger approved by UK competition authorities.
Danish wind carrier Cadeler has been contracted to transport and install 60 turbines at offshore wind farm Moray West in Scottish waters. Work is slated to commence in early 2024.
The Ukraine war’s disruption of global fuel markets has increased prices on clean tanker freight.
The product tanker market, which has seen rates skyrocketing in 2022, is robust and doesn’t stand to lose momentum in the years to come, say the CEOs of Torm, Scorpio and Hafnia at shipping conference Marine Money in New York.
EVP and Head of Ferry Division at DFDS Peder Gellert Pedersen, who for more than ten years has been in charge of DFDS’ biggest business area, will retire on Aug. 1. His replacement has not yet been announced, but ShippingWatch provides a qualified guess.
LNG will have to be a much bigger part of Celsius’ portfolio, even though prices on ships have soared. ”I see it going on for many years,” said Chair Jeppe Jensen during Marine Money in New York.
The European Parliament has reached a new agreement on how the shipping industry may be incorporated in the EU’s Emissions Trading System. According to ECSA, the decision arrives at a ”make-or-break” moment for the industry.
The British competition authorities postpone assessment of the merger between Maersk Drilling and Noble to Sept. 1.
Emanuele Grimaldi replaces Esben Poulsson as chairman of the International Chamber of Shipping, ICS.
Particularly two cases of harsh weather, where container ships from ONE and Maersk lost 2,550 boxes to the sea, have made the number of lost containers increase markedly in the past two years, according to new report.
Thursday, disagreement regarding a wage raise for German port workers unleashed a 24-hour strike at a number of German ports. German ports are already heavily strained by volumes of import containers piling up.
Even though DFDS and competitor P&O Ferries have changed their partnership agreement on the English Channel after criticism from UK competition authorities, the agreement is still being examined in France.
With another large donation, the A.P. Moller Foundation has now given approximately USD 100m to the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.
A number of leading employees in Maersk Broker’s dry bulk company, MBBC, including CEO Frank Mortensen, have left their positions within short time. Mortensen believes he has been fired, however, Maersk Broker’s CEO does not agree.
The culture in the maritime industry needs to change, states Maersk Chair Robert Mærsk Uggla after the carrier has been sued by two women accusing Maersk of having failed to protect them from assaults.
Rates are soaring, demand is increasing, and there are few available ships on the offshore market. However, hundreds of supply vessels are still in layup, and they will probably stay there for a good while to come, predicts one analyst.
Container carrier Maersk will allegedly double its order for methanol vessels with an additional 12 ships, writes media. Maersk declines to comment.
Senior Legal Counsel with a focus on Offshore Renewables 
Head of Vessel Operations 
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Data Scientist - Transition, Modelling & Analytics Finance Controller Safety Leadership & Transformation Manager IT Operations & Project Lead Accountant Assistant - Creditor & Payment Team 
Head of Airfreight 
