X-Press Feeders aims to ensure lower operating costs and carbon emissions from the carrier’s fleet through Zeronorth’s digital platform.

A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.

Freight forwarder Flexport observes an increase of capacity on the logistics market. But according to the company, it has nothing to do with a market slowdown. ”We have seen improvement,” says Global Head of Ocean & Trucking to ShippingWatch.

Dutch bank NIBC is experiencing growth in its shipping business as the portfolio passes the billion-euro mark.

Hydrogen needs a heavy lift and much stronger regulation to ensure that it will play a significant role in the general energy mix by 2050, according to DNV Group CEO Remi Eriksen.

Good times in shipping positively affected the 2021 earnings of a German wind-down agency following the crisis at shipping bank HSH Nordbank.

Large incidents within the offshore segment were one of the main drivers behind the red numbers on Skuld’s bottom line last year. However, it is most likely very coincidental, CEO Ståle Hansen says. World’s largest P&I club, Gard, does not share the experience.

In the next ten years, more than 100 new vessels for installation and maintenance of offshore wind are needed, and the offshore wind market is growing strongly. But shipping banks continue as bystanders for the time being.

A year has passed since StormGeo went from being owned by a private equity firm to getting a commercial business as its owner. One aspect in particular has changed for StormGeo, the CEO tells ShippingWatch.

In its quarterly report, Keppel Corporation announces progress in the process of landing a merger deal with Sembcorp. An agreement is to be landed by April 30, 2022.

DNV is in full swing with the process of exiting Russia. CEO Remi Eriksen tells ShippingWatch that he expects to have it completed within a few weeks. The process will entail that 90 Sovcomflot ships exit DNV’s business.

DNV reports its best results to date. CEO Remi Eriksen says the year just gone was an especially good one for the maritime branch, where the company landed a record-high number of the newbuild orders. The CEO expects to see good numbers for 2022.

More than half of the container fleet is at the bottom of the barrel regarding the new CO₂ regulation which categorizes ships on their carbon intensity. The consequence could be speed reductions, Maersk Broker Advisory Services says.

Hans Ulrik Nørgaard is appointed managing director at Maersk Broker Advisory Services.

US maritime tech company Nautilus Labs secures new funding of USD 34m in its sixth year of operation and has expansion plans for locations, products and people. Chief executive tells ShippingWatch that scale will be important going forward.

Like many other western companies, the classification firm pulls out of the Russian market.

From March 1, it will be more expensive for most vessels to sail through the Suez Canal, according to Leth Agencies. Chemical and LPG tankers to be affected the most.

Insurance firms have increased costs for shipping activity in the Black Sea, report several media.

Owner Henrik Sørensen once again opens to selling Danish pump company Desmi, reports business daily Børsen. The move occurs after a previous sales process was called off in the fall of 2020.

Danish group Bunker Holding has agreed to collaborate with US company Renewable Energy Group on supplying biofuels to the US and European markets.