Foto: Peter Hove Olesen/Politiken/Ritzau Scanpix

Maersk sells part of its business with the US government

Maersk has sold a subsidiary that provides transportation services for the US Navy. The business covers a handful of tankers.

For subscribers

"As an SME – as we still like to call us today – and with the customers we are serving globally we really need to latch on and grow substantially to stay relevant to our customers," says Constantin Conrad, CEO, Leschaco Group. | Foto: Leschaco

Logistics

German logistics company wants to grow 250 percent by 2030

The third generation of the family behind Leschaco wants to grow the company, and fast. Leschaco needs to grow significantly, says the CEO.

For subscribers

Regulation

Lynn Loo urges shipping to take steps outside its comfort zone

The CEO of Global Centre for Maritime Decarbonisation believes the shipping industry must be ready to take a little more risk to achieve its climate goals.

For subscribers

"The biggest challenge for the green transition in shipping is the supply of green fuel, and more initiatives like these are needed," Morten Bo Christiansen tells ShippingWatch. | Foto: Maersk Pr

Container

Maersk praises Cosco's plans to move into green methanol

”More initiatives like these are needed,” says Morten Bo Christiansen from Maersk, which has 25 methanol-powered ships in the pipeline.

For subscribers

Did you read?

DSV's strategy could block acquisition of DB Schencker

In its latest three acquisitions, DSV has dismissed about 45 percent of the new employees when the acquisitions were integrated.

Foto: Shannon Stapleton/Reuters/Ritzau Scanpix

Tanker

Russia still relies on Europe to ship its oil despite price cap breach

Russia is still relying on European shipping to transport its oil even as the country’s supplies exceed Group-of-Seven price caps, according to a researcher.

For subscribers

Norden's contract in Gabon runs for ten years and requires the shipping company to invest around DKK 280m. | Foto: Magnus Møller

Bulk

Norden's venture in Gabon runs smoothly one month after military coup

The shipping group has a major collaboration with a French-owned mining company in Gabon, where the military has taken power.

For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Jobs

See all jobs

An ammonia bunker ship that can be loaded with 150 tonnes of ammonia. Ammonia capacity needs to be significantly increased, according to the IEA. | Foto: Stefan Sauer/AP/Ritzau Scanpix

Regulation

IEA: Ammonia is crucial for shipping's green transition

In order for shipping to help keep the temperature rise below 1.5 degrees Celsius, ammonia should be the most widely used fuel in the industry by 2050, according to a new IEA report.

For subscribers

Did you read?

Maersk to produce three million tonnes of green methanol from 2030

APM Holding has established a new company to produce three million tonnes of green methanol annually from 2030. The coming production facilities will require billions of euros in investments.

For subscribers

The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.

Offshore

Fredriksen company loses legal dispute with shipyard

Major South Korean shipbuilder Hanwha wins an arbitration case against John Fredriksen-controlled Northern Drilling regarding a cancelled order for two deepwater rigs.

For subscribers

Bulk

Norwegian carrier gets state funding for new ammonia vessels

Viridis Bulk Carriers expects to order its two ammonia vessels by the end of 2023 with support from the Norwegian state-owned investment fund Enova SF.

For subscribers

Ports

German ports fear public savings

The expansion of German wind power and the import of green fuels are at risk if the state of Lower Saxony implements planned savings in the ports.

For subscribers

Regulation

IEA: Green fuels keep climate goals alive

The window of opportunity to keep the temperature rise below 1.5 degrees has narrowed and will require more international cooperation and ambition, according to a new report from the IEA.

For subscribers

Did you read?

CMA CGM and Maersk will need help in new green lobbying alliance

Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.

For subscribers

Nina Østergaard Borris took over as CEO of the family business USTC last year from her father Torben Østergaard-Nielsen. | Foto: Ustc / Pr

Article series: Suppliers

Nina Østergaard Borris poised to continue her father's legacy at USTC

For subscribers

Read the article here

”We are happy with the results. Obviously, in funds like ours, you will see that the returns are slightly lower in the beginning during the build-up phase, where you invest in vessels and get contract coverage on them,” says Henrik Ramskov. | Foto: Pr / Navigare Capital Partners

Carriers

Navigare Capital cashes in from sale of several ships

The Danish investor, whose owners include Robert Mærsk Uggla, has taken advantage of high vessel prices. The timing was right, says the managing partner.

For subscribers

The coronavirus pandemic gave shipping a bad image as a workplace because thousands of seafarers were trapped on their ships for many months. Here, a seafarer is vaccinated in Bremen, Germany. | Foto: Mohssen Assanimoghaddam/AP/Ritzau Scanpix

Carriers

Union warns: Shipping still struggles to attract women

Shipping desperately needs female workers, but a cultural change is needed, says one union leader, as the work environment is ”extremely hostile.”

For subscribers

Lidl's shipping company, Tailwind Shipping Lines, has a total of eight ships with a combined capacity of approximately 108,000 teu. | Foto: Horst Galuschka/AP/Ritzau Scanpix

Container

Lidl's shipping company makes changes to get more customers in store

Tailwind Shipping Lines was launched during the pandemic, when the German discount chain was struggling to get goods on the shelves.

For subscribers

Shanghai to set up first pan-Pacific green corridor with Los Angeles

The corridor is set up with some of the biggest shipping lines of the world like Maersk and CMA CGM.

For subscribers

Tanker

Russia exempts gasoils, bunker fuel from export ban

Russia’s government has amended its fuel-export ban, excluding bunker fuel, gasoils and some middle distillates from the export ban imposed last week, shows decree published in the its legal database.

For subscribers

Cadeler has two vessels for installing wind turbines at sea, with more on the way. | Foto: Cadeler

Offshore

Danish shipping company tops list of offshore wind turbine installations

Cadeler’s vessels have installed more than twice as many wind turbines as the nearest competitor, according to a report.

For subscribers

Grain exports from Ukraine plummeted in September as a result of Russia's bombing of the country's ports. | Foto: Stringer/Reuters/Ritzau Scanpix

Bulk

Ukraine's grain exports halves in one year

According to Reuters, Russia’s bombardments and blockades of Ukraine’s ports have significantly cut the country’s grain exports.

For subscribers

Ports

Less freight risks mass layoffs at major UK port

Declining container volumes require the owner of the Port of Liverpool to make savings, which could result in 125 dockworkers becoming redundant..

For subscribers

ShippingWatch.com

Star Bulk buys back own shares from Oaktree Capital

Oaktree Capital Management reduces its stake in the dry bulk carrier from about 25.2 percent to 17.2 percent.

For subscribers

Tanker

Russia's new ban could send more countries on a frantic hunt for diesel

The shortage of diesel could be exacerbated by Russia’s decision to shut down exports, according to brokerages.

For subscribers

Regulation

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

For subscribers

Job changes

Mattias Hellström
New position: Global Chief Commercial Officer
New employer: Svitzer
Erik Nøklebye
New position: CEO
New employer: Wallenius Lines
Jesper Sørensen
New position: Head of Alternative Fuels and Carbon Markets
New employer: KPI Oceanconnect