Celsius has moved quickly on the four large LNG ships that have now been ordered, but Chairman Jeppe Jensen does not expect the ordering to stop here. And Qatar's announced order for 60 ships does not change the company's plan to keep growing, he tells ShippingWatch.
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.
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.
A postponement of Brexit gives DFDS a better chance to prepare, and that is good news for the shipping company, CEO Niels Smedegaard tells ShippingWatch.
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.
Norwegian shipbuilder Havyard Group has uncovered serious deviations in its 2018 books. The company is now in dialog with both creditors and customers as its share price plunges Friday.
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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."
World Fuel Services has dropped two claims against Hansa Heavy Lift, which is in the process of being dissolved. This seems to indicate the Hansa's remaining ships are nearly sold.
The five largest listed oil and gas companies have spent nearly USD 200 million per year interfering with climate change mitigation policies, a new report shows.
Italian product tanker shipping company d'Amico International Shipping booked a deficit of USD 55.1 million last year. This is due to factors including "historically low rates," says CEO Paolo d'Amico.
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)
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.
It is not just a question of whether the container sector's unique Block Exemption Regulation should be dissolved or extended. The EU Commission now floats the notion that the exemption could be adjusted, says EU Commission director general for competition according to media.
Wintershall landed a solid result last year and expects to complete its merger with DEA during 2019. Bolstered by the acquisition, the German company sets its sights on becoming "the largest independent European gas and oil company," the CEO says.
Shipping companies could risk fines and prison sentences if they circumvent the regulations for shipbreaking, warns shipping lawyer. He cites a Dutch verdict that could apply elsewhere in Europe.
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.
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.
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.
Paddy Rodgers, who will soon step down as CEO of Euronav, notes that last year's weak rates in the tanker market had a positive effect on the balance between supply and demand.
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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.
The US president says he will wait until he is sure China is complying with any trade deal before he rolls back tariffs.
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.
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.
Shipping company Clipper has sold its entire dry bulk fleet to instead focus on being an operator in the segment, reports media Søfart citing anonymous sources.
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.
Chartering and Operations Shipping Trainee Program - ZEAMARINE
Marine Controller for International Shipping Company - J.Lauritzen
