US President Joe Biden increases pressure on the shipping sector, which will be made greener. Specifically, he also sets a target of doubling US energy production from offshore wind by 2030. Read the full executive order here.
A planned large-scale US-based methanol facility, which has tanker operator Hafnia as a co-investor, has been rejected by environmental authorities. The reason cited is that greenhouse gas emissions would be "extremely large". Hafnia was set to transport some of the product to Asia. Updated.
Maersk CEO Søren Skou steps up in an attempt to alleviate the fierce criticism voiced by shippers and, most recently, US regulators about the pronounced logistics issues in a currently red-hot container market. He has, among other things, met with the FMC, one of the fiercest critics.
Tanker operators have reason to root for sitting US President Donald Trump, while the dry bulk and container lines should hope for Democrat Joe Biden to win when the US president election is decided on Tuesday, projects VesselsValue.
Maersk CEO Søren Skou understands to a certain degree why the US has launched a showdown with China, but he adds that he remains concerned about the growing protectionism. He does not believe that a presidential election will alter the countries' relationship, he tells Berlingske.
A complaint from the US Government Accountability Office has made Wallenius Wilhelmsen "look at the alternatives" in a large billion-dollar contract the car carrier has signed with the US Department of Defense. The complaint concerns the role played by the Department of Defense.
All signs indicate that the US retail industry will soon need to replenish its inventories following the coronavirus crisis. This is good news for the container lines, which are already sailing at the highest rates in a long time.
US pressure on the shipping sector to halt trading with Venezuela has made several classification bureaus terminate agreements with tanker vessels. Insurance companies and flag states are also tightening requirements.
Another two Greek shipping companies will now no longer carry Venezuelan oil. This comes after pressure from the US, which is trying to choke Venezuela's oil export in an attempt to target the country's president, Nicolás Maduro.
Four tanker ships with ties to Greece have been blacklisted by the US for sailing with oil from Venezuela. According to a ship database, the ships are ultimately controlled by several well-known Greek shipowners.
Maersk has canceled an exclusive arrangement with a competitor to APM Terminals in the US and will now move the routes to its own terminal. The competitor fears having to close due to the sudden cancellation.
The US oil market saw a complete collapse on Monday, with prices as low as USD -37 per barrel of crude. They rose again on Tuesday, but the fundamental problem remains unsolved. Now Trump wants to fill reserves, US media write.
Maersk accuses the four largest railroad companies in the US of having illegally fixed fuel surcharge prices at "extraordinary meetings, phone calls and e-mails" from 2003 to 2008. The railroad companies reject the accusations.