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Italy supports China's Belt and Road initiative

The time is right for a more "effective relationship" between Italy and China, says the Italian Prime Minister after announcing his support for China's strategy to build a Silk Road-style global trade network.

Celsius expects several large gas ship investments this year

Jeppe Jensen Breakwater Shipping

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.

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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.

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.

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.

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Stena Line sees challenges in CO2 neutrality

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."

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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