DFDS will from the turn of the year open a direct route between Ireland and France, which will provide "direct and paperless" transport between the EU countries for trucks and drivers, says the company.
Container freight rates from China to the rest of the world continued to soar this week, reaching the highest level in several years. This week, freight rates from Asia to Europe took the lead.
During the migrant crisis aboard Maersk Tankers ship Etienne, Danish authorities were working on a "Tunisia track," in which they explored various support options for the African country, reveals right of access to documents. "We closely examined all possible solutions," Minister of Foreign Affairs tells ShippingWatch.
ICS, Bimco and two other major shipping associations have penned an open letter to Amazon-founder, Jeff Bezos. They want Bezos, the richest man in the world, to fight for the thousands of seafarers still stranded at sea.
More than 50 dry bulk vessels with coal from Australia have now been stranded off the coast of China for weeks, writes Bloomberg. Nearly 1,000 seafarers are estimated to be affected. Norden follows the situation closely.
The US maritime authority now increases its monitoring of the three big container alliances following recent months' booming container rates. This happens just a few months after China summoned the container lines for a meeting to discuss a ceiling on rates.
It is highly likely that the shipping industry will again be affected by a migrant crisis similar to the one that played out on board Maersk Etienne this summer, say industry associations, which call for a plan to avoid such repeats. But it remains unknown how to prevent such a situation from happening again.
Shipowner MPC Container Ships has experienced a significant transformation of the container market, in which a crisis plan in a nightmare summer has been replaced by doubling rates and the best market in years, CEO tells ShippingWatch.
Consolidation in the market for chemical tanker vessels continues, as Team Tankers has sold its European fleet of chemical tanker ships to a Dutch operator.
Hin Leong founder rejects major bank HSBC's accusations of falsified documents. According to the founder, the documents were issued by mistake, reports Bloomberg. HSBC has sued the founder and his family for more than USD 80 million.
LNG and methanol, produced by using fossil fuels, is not much better than conventional bunker oil when it comes to reducing greenhouse gas emissions, concludes new report from International Transport Forum under OECD.
In collaboration with Ørsted, ABB and Ballard Power Systems, DFDS plans to operate a brand new ferry powered by electricity produced from hydrogen fuel cells. The partners have applied for EU funding.
Hunter Group, controlled by Norwegian Arne Fredly, projects that the new wave in the coronavirus pandemic has pushed a recovery in the tanker market even further down the line. The company reports a solid profit for the third quarter.
Explosion caused damages to the hull of an oil tanker. Saudi Arabia accuses Yemen's Houthis of placing mines in the water.
Shipping association Bimco plans to up its relationship management at the IMO by opening a new office in London.
For 38 days, 27 migrants lived on board tanker Maersk Etienne, which became the center of a political game in which no one wanted to accept the migrants. A political solution failed to materialize and Maersk Tankers ultimately had to seek help elsewhere. Now the company calls for an international solution.
John Fredriksen's Frontline has so far seen rates subside in the fourth quarter and fleet earnings are set to decrease further in the time to come. The shipping company has just signed new loan agreements.
The major container lines are these months building up capacity on the Pacific after each of them withdrew a large number of ships when the pandemic hit. Maersk and MSC's 2M alliance leads the charge.
Going forward, World Shipping Council will have two chairmen, sharing the job, namely ONE's Jeremy Nixon and Hapag-Lloyd's Rolf Habben Jansen.
Singapore-based container line PIL, in the midst of a large-scale restructuring, has just published its interim report for the first half of 2020, which shows a big dip in revenue and a bottom line deficit.
Tanker shipping company Nordic Shipholding books a USD 9.5 million deficit for the third quarter. The deficit is largely due to impairments on ships totaling USD 8.7 million. New loan agreement is expected to land soon.
The peak season has been called off for tanker operators, which are heading into a winter with low freight rates, projects shipping association Bimco. Hopes for a "seasonal boost" have been shattered by new coronavirus lockdowns.
The market for LPG will be positive for the remainder of 2020 and into 2021, predicts Avance Gas. The shipping company projects daily rates of USD 40,000 and is keeping a close eye on the oil price.
Container volumes sent through Port of Hamburg went down in the third quarter by close to 5 percent, to 2.3 million teu, a significantly lower drop than in the previous quarter. This could indicate a turnaround in the economy, says Germany's biggest port.
A container ship chartered by Maersk has run aground after it collided with another grounded ship near Indonesia. The incident happened over the weekend.
Head of Bunkers - Fednav
Maritime Data Scientist - Bunker Metric
Shipping Trainee - Ultrabulk
