Golden Ocean buys back shares totaling more than USD 1m

Golden Ocean increases its share buy-back after the price has dropped. ”We actually think our share is undervalued,” says CEO Ulrik Andersen.

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Emma Mazhari, head of Green Sourcing & Portfolio Management at Maersk. | Photo: Sune Høegh

It is still uncertain when Maersk's new vessels can sail on green fuels

Shadows of a Ukrainian sniper team during the summer of 2022. | Foto: Privatfoto

Luke has left his shipping job to defend Ukraine as a soldier at the frontline

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Container carriers earned USD 13bn in first quarter

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CEO Torben Carlsen sees a big potential for DFDS in Türkiye. | Foto: Dfds - Pr

DFDS exec hopes for reforms after finished Turkish election

Avance Gas eyes strong year with fewer newbuilds than expected

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Improving time schedule reliability for container ships
Major carriers have improved their time schedule reliability, and ships are now less delayed than in the past two years.
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Sohmen-Pao warns shipping against forcing in the green transition
The biggest challenge for sustainable shipping is the lack of a ”silver bullet,” says BW Group Chairman, Andreas Sohmen-Pao.
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Seaborne reefer freight estimated to grow in 2023
The reefer market is expected to outpace the traditional dry cargo market during the current year, Drewry writes.
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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.
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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.
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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.
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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.
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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.
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.
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BW LPG finance chief steps down
Elaine Ong has decided to leave the gas carrier ”to pursue other interests” while an internal candidate temporarily takes over the role.
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Norden acquires Thorco Projects
The Danish shipping group takes over ownership of operator Thorco Projects, currently owned by the Stadil family.
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Hunter enters segment for transport of liquid CO2
Carrier Hunter Group, which sold all of its tankers last year, is gearing up for a new business venture with its establishment of Hunter Carbon Carriers.
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CEO of German shipping company elected new Bimco president
Sabrina Chao has concluded her two-year tenure as president of the shipping organization that has now chosen her successor.
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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.
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Dorian LPG's net result surges by USD 100m
Dorian LPG adds four vessels to its fleet, following a record year for the company. Fewer Covid-related restrictions in China spur hope of improved demand, the gas carrier writes.
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Torben Carlsen is new chair of Danish Shipping
The DFDS chief exec replaces Jacob Meldgaard as chairman of the board at industry organization Danish Shipping.
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Ørsted breaks ground on large plant for production of e-methanol for ships
The utility has pledged to provide Maersk with green fuel for the carrier’s upcoming methanol vessels.
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Bulk freighter briefly grounded in Suez Canal now refloated
Chinese vessel Xin Hai was grounded in the crucial waterway early Thursday morning but has now been refloated by canal tugboats.
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The Höegh family plans to sell shares after rally
The majority shareholder in car carrier Höegh Autoliners plans on selling up towards 12 million shares. Recently, Maersk also divested Höegh shares after a share value upswing.
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Startup tanker carrier multiplies profit
Idan Ofer’s LNG carrier, Cool Company, is negotiating contracts for new ships after massive headway was made in early 2023. CEO points to market as ”strong and stable.”
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