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Tanker market finds itself in "completely abnormal times"

The VLCC rates continue to soar, and the question everyone is asking themselves is for how long this development will continue. The rates are now rubbing off on product tanker, where LR2 ships have started to sail with crude oil, analysts say.

MSC confirms option for five mega ships

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Container line MSC is the buyer behind the five mega ships which South Korean shipbuilder DSME will build. This is not a new order, as the company has exercised options related to previous orders, says MSC.

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Nearly all Norway's AHTS vessels are deployed

Norway's AHTS fleet utilization is approaching the maximum, reports media, while rates are moving up. A low quantity of ships in the market combined with many rigs at work prompt analysts to take a positive outlook on late 2019.

Alphaliner: Scrubber-equipped container ships can sail faster

Container ships equipped with scrubbers will be able to speed up in 2020 due to their ability to tank and burn cheap bunker, thus providing a competitive advantage, writes Alphaliner. Maersk and MSC via their 2M Alliance look set to benefit in particular, the firm reports.

France wants EU tax on ship fuel

France wants an EU tax on ship fuel and planes to bring down greenhouse gas emissions. Several major shipping lines like Maersk and BW Group have previously recommended one type of tax on shipping's fuel.

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Project cargo to generate growth at G2 Ocean

Norway's G2 Ocean is now betting heavily on the project cargo segment, in which the merged shipping company has just opened two new offices. According to its CEO, project cargo attracts the main part of new customers.

DFDS and Stena Line bag new Brexit contracts with the UK

The UK government has awarded a series of new Brexit contracts that will ensure freight of medicine to the UK after Brexit. DFDS and Stena Line are among the ferry operators which have secured some of the contracts, which are worth several million pounds.

Maersk Growth has invested in 15 startups

Maersk Growth has funded 15 startups in an 18-month period. The recipients are digital companies enlisted to help Maersk acquire a larger section of the shipping sector's value chain.

DSME has won an order for five mega ships

Daewoo Shipbuilding & Marine Engineering has secured an order for five new container ships set for delivery next year. The contract is worth a triple-digit million-dollar figure.

Trump raises tariffs on Turkish steel

The US on Monday imposed new sanctions against Turkey. According to President Donald Trump, tariffs on Turkish steel will be raised to 50 percent, a move that comes in response to Turkey's offensive in northern Syria.

Kuehne + Nagel customers start rejecting carbon-heavy routes

Logistics major Kuehne + Nagel is already seeing customers willing to pay more to have their goods transported in a climate-friendly manner. "This will become the deciding factor in the coming years," EVP of Sea Logistics tells ShippingWatch.

VLCC rates hit USD 300,000 per day

VLCC rates have climbed to USD 300,000 per day, the highest level in 15 years, analyst firm writes. The rates have increased massively over the past month, and the current situation is "not normal circumstances", according to the analysis.

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