ShippingWatch is closed this Friday, April 26th

ShippingWatch is closed today, Friday April 26th, due to a Danish holiday.

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CMA CGM projects challenging year after tought first quarter

Excess capacity will push freight rates down for the remainder of the year, expects French container major CMA CGM. First quarter will be the company’s best in 2023.

Container

Vincent Clerc: The West could provoke China to invade Taiwan

Western critics that equate China and Russia are wrong, as the Beijing regime ”represents a rational government,” argues Maersk’s CEO.

Regulation

”You cannot equate China with Russia. The dynamics are very different. It represents a rational government that has an agenda for its country that is not simply about beating up the neighbor," states Maersk's CEO, Vincent Clerc. | Foto: Carsten Lundager / Danske Rederier

Norden avoids inheriting large claim in relation to acquisition of Thorco Projects

The oil carrier has purchased Thorco Projects’ entire business but won’t inherit a court case entailing a million-dollar claim. Both parties are pleased with the transaction.

Carriers

Report: At least 10 percent of popular fuel in Rotterdam is questionable

A new report determines what carriers have said for some years now: There are problems with bunker quality in the Netherlands and Belgium.

Suppliers

Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix

Elaine Ong has decided to leave the gas carrier ”to pursue other interests” while an internal candidate temporarily takes over the role.

Tanker

Lloyd's Register drops carrier certification due to sanction breach

Carrier Gatik needs new certification for its vessels come June 3, as Lloyd’s Register removes the company after alleged breaches of sanctions.

Archival picture. The pictured tanker is not related to Gatik Ship Management nor to transportation of sanctionized Russian oil. | Foto: Pr-foto Green Instruments

The ShippingWatch newsletter will return on May 30 following an extended weekend due to a bank holiday.

The ShippingWatch newsletter will return on May 30 following an extended weekend | Foto: JAIME REINA/AFP / AFP

Alfa Laval to make Chinese box ships methanol compatible

According to Swedish Alfa Laval, a Chinese shipowner seeks having four mega container vessels fitted for the fuel.

Viktor Friberg, head of marine separation & fuel supply systems, Alfa Laval. | Foto: Alfa Laval/ Pr

Port group PSA buys into Vietnamese logistics firm

Singapore-based port company PSA International strengthens its focus on logistics by acquiring stake in Vietnamese freight forwarder.

Ports

Containers being loaded in the Port of Ho Chi Minh City, Vietnam.

DP World cuts 5 percent of its CO2 emissions

The Dubai-based port company was able to eliminate 5 percent of its CO2 emissions across its global business.

The Danish shipping group takes over ownership of operator Thorco Projects, currently owned by the Stadil family.

Thorco Projects falls under the Stadil family's Thornico group. | Foto: Casper Dalhoff

Shipowner hesitant towards green methanol despite its widespread adoption among carriers

Eastern Pacific Shipping is yet to order any newbuilds with green methanol compatibility due to lack of access to the fuel, says CEO.

French carrier CMA CGM and South Korean HMM have both ordered ships that can sail on green methanol. | Foto: Daniel Bockwoldt/AP/Ritzau Scanpix

Former Maersk exec appointed chairman of Scan Global Logistics

Nils Smedegaard Andersen has previously served as CEO of Danish business giants Maersk and Carlsberg and now becomes the chair of Scan Global Logistics.

Logistics

Foto: Thomas Emil Sørensen/Jyllands-Posten/Ritzau Scanpix

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Front page now

CMA CGM projects challenging year after tought first quarter

Vincent Clerc: The West could provoke China to invade Taiwan

Norden avoids inheriting large claim in relation to acquisition of Thorco Projects

Report: At least 10 percent of popular fuel in Rotterdam is questionable

BW LPG finance chief steps down

Lloyd's Register drops carrier certification due to sanction breach

Further reading

Vincent Clerc: The West could provoke China to invade Taiwan

CMA CGM projects challenging year after tought first quarter

Report: At least 10 percent of popular fuel in Rotterdam is questionable

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