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Maersk to test biofuel on ultra-large container ship

Maersk will test biofuel on one of its ultra-large Triple-E ships. The project is part of the shipping company's target of zero net emissions in 2050, carried out in collaboration with major companies such as Shell, Heineken and Unilever.

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Hapag-Lloyd believes in better market in 2019

Hapag-Lloyd has more faith in the global economy than its competitor Maersk and expects solid growth in 2019, according to the annual report for 2018 in which the German liner company reports improved earnings.

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Norway considers expanding scrubber ban

The ban on open-loop scrubbers in Norway could be expanded to more than the five fjords where it is currently prohibited to eject wash water, reports Lloyd's List.

Stena Line sees challenges in CO2 neutrality

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It is possible to reduce CO2 emissions by 35 percent in 2030, says Stena Line's CEO Niclas Mårtensson, who does not wish to commit the carrier to a zero-emissions target like Maersk. "We will deliver what we say."

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Maersk keeps a close eye on South Korean yard merger

Maersk will carefully monitor the impending merger of the two South Korean shipbuilding majors Hyundai Heavy Industries and DSME. With an expected 21 percent market share, the merger could impact the liner company, which is among its major customers. (updated)

Pacific Basin is looking to grow its fleet

Hong Kong-based Pacific Basin has tripled its owned fleet in seven years, and the company wants to do more acquisitions of second-hand ships, CEO Mats Berglund tells ShippingWatch.

HMM acquires scrubbers for 19 container vessels

South Korea's major shipping line orders scrubbers for 19 container vessels. Part of the financing comes from a newly-established fund, where contributors get first priority in contract negotiations for fuel and scrubber installations.

Hansson accused of silencing former CFO

A former CFO is suing Nordic American Tankers. In court, she said the shipping company's CEO Herbjørn Hansson had muzzled her to keep her from disclosing the company's financial problems to the board. Hansson rejects the claims.

Topaz extends contracts for 12 offshore ships

12 offshore ships from Topaz Energy and Marine, operating for BP in Azerbaijan, has secured contract extensions ranging from three to six years. "This contract extension adds important secured revenue," says CEO René Kofod-Olsen.

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Uber expands its freight business to Europe

Uber is not entering one European country, for now, with its freight business. In an interview with ShippingWatch, Uber has previously hinted at potential for collaboration with players such as DSV and Kuehne+Nagel.

New OECD report casts doubts on liner companies block exemption

Most of the consortia cooperation between liner companies exceed the threshold they must remain below to benefit from the EU's consortia block exemption, concludes a new report by the International Transport Forum, a body under OECD. This is noteworthy for three reasons, says ITF.

Oil fund's watchdog will contact shipowners on beaching

With shares in Maersk and Teekay, the world's biggest investor, Norwegian wealth fund, expects to pass judgement on carriers who scrap ships in India already by this fall. The chairman of the fund's Council on Ethics tells ShippingWatch that shipping companies will now be contacted.

EU Commission casts critical eye on South Korean merger

Competition and customers – in this case, shipping companies – are the key points for the EU Commission's assessment of the merger between two of South Korea's yards. The German anti-trust authorities also react to the merger.

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