Rates are on the climb in the European shortsea market. Among the reasons are the low number of newbuild orders as well as ship sales to other markets limiting supply, writes shipbroker Toepfer in a new report.
First it was Hafnia. Then a few months ago it was BW Epic Kosan. And now wind carrier Cadeler also adds Andreas Sohmen-Pao as chairman of the board. The appointment is a seal of approval, says Cadeler CEO Mikkel Gleerup.
China's refusal to accept Australian coal means that other countries are now exporting coal to the major dry bulk nation. One such country is South Africa, which now ships coal to China for the first time in years. But the situation does not significantly change carriers' demand, notes Bimco.
French container line CMA CGM plans to launch a service running purely on biomethane in May. The service needs 12,000 tonnes of biomethane, which should be enough to operate two 1,400 teu vessels for one year, writes the group.
The container market continues to be affected by the week-long traffic jam in the Suez Canal, which has further exacerbated container ship delays and pressure on ports. But the situation is now improved, and Maersk thus opens for short-term and Spot bookings again.
Although the upcoming climate requirements for shipping still remain unclear, including how to measure the efficiency of a ship, shipping majors such as Odfjell and Golden Ocean are well on their way to prep their fleets for the upcoming regulations, they tell ShippingWatch.
The start to 2021 proved challenging for Stolt-Nielsen's chemical tanker carrier, Stolt Tankers. According to chief executive, rates and earnings were strained due to product tanker carriers bidding on chemical tanker cargoes. Most recently, the Suez Canal blockage has caused delays.
When DSV acquired Panalpina, CEO Jens Bjørn Andersen proclaimed that the joint company would carry 3 million containers annually. Last year, however, freight volumes ended almost 1 million containers below this prediction. Earnings "weigh the heaviest," says EVP, while stating several reasons for the disparity.
Authorities in the Suez Canal are negotiating financial compensation with Japanese Shoei Kisen Kaisha for possible damage caused by megaship Ever Given throughout the nearly seven day blockage of the Suez Canal, writes the Associated Press.
The supply of sustainable fuels must be increased, and this has led players such as Norden, Maersk and MAN to support a new platform where producers can get feedback on developments. The platform is fund-supported and will be free of charge.
Lightship Chartering steps into a brand new segment from its office in Dubai, the shipbroker's CEO Sune Fladberg tells ShippingWatch. And the company is also looking to return to tanker after several of the company's tanker brokers departed last year.
Asbestos can be found aboard most vessels in the global merchant fleet despite rules banning the harmful material, writes maritime testing agency in a new report. This places shipowners in a difficult position.
Container lines such as ONE, MSC, CMA CGM and more have now adopted joint standards for digital container tracking through organization DCSA, which works for digitization and standardization in the container industry.
Lars Kastrup, former CEO of container line APL, has been appointed co-president of Singapore-based PIL, the container line confirms after ShippingWatch learned of the appointment earlier Wednesday. The co-presidents also join the company's board. Updated.
The many orders placed recently by the world's biggest shipowner, Seaspan, are an expression of a colossal confidence in the current market, COO Torsten Holst Pedersen explains in an interview with ShippingWatch. He rejects the criticism of LNG, put forward by, among others, Maersk.