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Torm-owner has bought up shares in courted competitor

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Torm majority owner Oaktree Capital has bought up shares in competitor Ardmore Shipping, which Hafnia previously attempted to take over. The equity fund is now the tenth-largest shareholder in the Irish tanker operator.

DSV scrambles for container slots on the Pacific

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Blanked sailings are causing delays and have sent Transpacific container rates soaring. "Within the past month, it has run amok," says Carsten Trolle, CEO of Air & Sea at DSV, in an interview with ShippingWatch.

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Maersk resumes blanked sailings on the Pacific

Maersk has resumed the sailings on the Pacific that it blanked in the second qurter. As such, the company follows in the footsteps of Chinese OOCL, which has also reinstated several blanked sailings in October.

Scrapping of old tankers reach 30-year low

Over-production and muted demand for oil now result in older tanker vessels seeing the lifespan extended as floating oil storages, according to a new analysis from broker SSY.

Shipping profiles race to conquer booming wind market

The interest in getting a slice of the wind market, which is expected to grow by 15 percent per year ahead to 2030, now has both old acquaintances and brand new players within offshore and dry bulk jumping to get in on the action. Maersk, Scorpio and Arne Blystad's OHT are just three among many.

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