The largest container ships have driven fleet growth in the container industry for many years, and this trend is set to continue. Meanwhile, demand for smaller container vessels will continue to decline, estimates Alphaliner.
US authorities found several tons of cocaine on board an MSC ship, with an estimated market value of USD 1 billion. Two crew members admit involvement, show court documents.
The crew of the Frontline ship which was attacked in the Gulf of Oman last week has now either returned back home of back on board the ship, informs the company.
With a four-point business strategy, DFDS' new CEO has set his own ambitious goals for development and growth at the shipping company ahead of 2023. ShippingWatch provides an overview. Also, find the whole strategy below.
Six crew members died in 2015 when a Thorco vessel collided with a chemical tanker and sank. Singapore authorities have now cordoned off the area so the wreck can be salvaged.
Costs have been cut to the bone at Christiania Shipping, and with the first operating profit secured, the next step for the former Herning Shipping is to renew its fleet and maybe participate in consolidations. CEO Axel Eitzen expects black figures on the bottom line for this year as well, he tells ShippingWatch.
The cost of producing hydrogen from renewable sources could go down significantly from 2030, according to a new report from the International Energy Agency. Ports could play a key role in scaling up the use of hydrogen globally.
John Fredriksen-owned tanker operator Flex LNG has debuted on the New York Stock Exchange, and the company is thereby listed in two countries.
Last week's attack on two tanker vessels in the Gulf of Oman could cause tanker rates to spike significantly in the region, estimates analyst firm Platts. The increased risk could also cause an increase in insurance premiums.
Shipping organization Bimco predicts a tough outlook for the dry bulk sector, in which trade war and swine fever have caused Chinese imports of soybeans to drop significantly this year.
Several tanker companies have ships headed for the Gulf of Oman and during the next few days they will decide whether to continue doing business in the region. There are concurrent reports of high day rates, the head of a larger tanker pool tells ShippingWatch.
DFDS presents four new strategic and financial targets aimed at growing the company's operating profit over the next five years. A third of growth should come from acquisitions. Read the main points here.
11 of the world's biggest shipping banks now require shipping companies to meet certain climate targets in order to obtain financing. Maersk supports this decision and several Asian banks are expected to join.
Chartered tonnage represents an increasing share of fleets at the world's biggest container lines, according to SeaIntelligence. Only two out of ten of some of the world's biggest shipping companies, like Maersk, oppose the trend in earnest.
Arne Fredly-controlled Hunter Group has sold a VLCC newbuild before its delivery. The company sells it for USD 98 million, which is more than was paid build the vessel.
According to a study, ammonia is a viable fuel alternative in shipping's climate change mitigation efforts. From 2030, tankers may be able to sail on the ammonia they transport themselves, the company behind the report tells ShippingWatch.
The Danish ISPS contact group, represented by the Danish Maritime Authority among others, has revised its recommendations for Danish vessels in the Gulf of Oman following last week's attack on two tankers.
US-based commodity trader Hudson Shipping Lines will not use vessels with scrubbers installed once the new sulfur regulations enter force from January.
Frontline is exercising "extreme caution" when it comes to sending more ships through the Gulf of Oman following last week's attack on two tanker vessels. Both vessels are now in the United Arab Emirates, while Frontline's crew is in Dubai.
Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.
Although Frontline does not yet know the cause of yesterday's explosion on its vessel Front Altair, the tanker company now rules out a malfunction on the ship, management informs ShippingWatch.
Maersk and Russian company Rosatomflot want to explore the possibility of being part of the shipping route through the Northeast Passage. Maersk does not intend to deploy its own vessels on the route at the moment.
Shipping and logistics company DFDS and Volvo Trucks join forces in new collaboration to develop and test Volvo's autonomous transport.
China will raise duties on steel tubes and pipes from the US and Europe. The tariffs will range between 57.9 percent to 147.8 percent and will take effect from June 14.
US officials have released a video they say show Iran was involved in an attack on an oil tanker near the entrance to the Persian Gulf on Thursday, one of a pair of incidents that have raised tensions between the US and the Islamic Republic over the past day. Watch the video here.
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
Executive, Operations - BW LPG
