Central players such as Höegh Autoliners as well as Chevron’s and Shell’s tanker carriers particularly point to one specific solution for shipping’s major challenge with decarbonization, as made clear at the Marine Money shipping conference in New York.
The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.
The product tanker market, which has seen rates skyrocketing in 2022, is robust and doesn’t stand to lose momentum in the years to come, say the CEOs of Torm, Scorpio and Hafnia at shipping conference Marine Money in New York.
EVP and Head of Ferry Division at DFDS Peder Gellert Pedersen, who for more than ten years has been in charge of DFDS’ biggest business area, will retire on Aug. 1. His replacement has not yet been announced, but ShippingWatch provides a qualified guess.
Even though DFDS and competitor P&O Ferries have changed their partnership agreement on the English Channel after criticism from UK competition authorities, the agreement is still being examined in France.
The European Parliament has reached a new agreement on how the shipping industry may be incorporated in the EU’s Emissions Trading System. According to ECSA, the decision arrives at a ”make-or-break” moment for the industry.
Most container carriers have stopped sailing to the Port of St. Petersburg in Russia, where container volumes have declined drastically since February. Two major liner companies, however, still call at port on some routes, writes Alphaliner.
Almost a quarter of European companies with investments in China consider moving somewhere else, according to survey by the European Chamber of Commerce in China. ”A potential early-warning indicator” of supply chain changes, says analyst.
A more exposed dry bulk market has made Norden neutralize its position within dry bulk, moving the exposure to tanker instead. ”We have fully covered ourselves,” says CEO Jan Rindbo to ShippingWatch after the carrier’s third upward adjustment this year.
Shipbroker Lightship Chartering with Morten Have as main shareholder has delivered its ”best fiscal year ever.” The financial report reveals a wide-scale growth plan, but management does not elaborate on it.
The court case against the presumed pirate withheld by Danish frigate Esbern Snare in the fall in the Gulf of Guinea after an exchange of fire will take place on November 21 in the City Court of Copenhagen, according to the prosecution authority.
For the second consecutive year, Denmark is best at complying with regulations for safety, health and certificates aboard ships. This is evident from annual report over international port state controls, the Paris MoU.
The culture in the maritime industry needs to change, states Maersk Chair Robert Mærsk Uggla after the carrier has been sued by two women accusing Maersk of having failed to protect them from assaults.