Martin Fruergaard becomes the third Nordic CEO to head Hong Kong-based dry bulk shipping company Pacific Basin since 2000. Why has the company again picked a Scandinavian? And why Fruergaard, the chief executive of a gas ship operator?
Shippers sending the cheapest goods are hit the hardest by the towering container rates. There are too few containers and too little space on the ships, and shippers with "high-value" commodities will push those with "low-value" goods aside, writes Sea-Intelligence.
The EU has informed European shippers and freight forwarders that the container lines' currently huge price increases are not enough to launch an investigation into competition conditions. But the EU would like to discuss the market situation with competition authorities in the US and China, says European Shippers' Council.
The pirate attack Saturday on container ship MV Mozart in the Gulf of Guinea took a violent turn, informs security firm Dryad Global: One crew member was allegedly killed and 15 kidnapped by the pirates.
A removable electric bow is now in operation on a tug boat in Finland in a pilot project testing the efficiency of the technology. The bow can potentially turn ice-strengthened vessels into icebreaker vessels for the winter season.
Civil rights movement Black Lives Matter raised a difficult dilemma for Uffe Østergaard, president of Hapag-Lloyd America, in 2020 and constituted a greater leadership challenge than the coronavirus pandemic. Should he address it internally in the organization or not?
Freight forwarder DB Schenker is yet again transporting goods from the EU to the UK after customs difficulties led the company to temporarily halt its service. Meanwhile, DHL suspends some of its freight modes in the other direction due to challenges.
Organizations Rightship and Intercargo have joined forces to create new industry standards. A newly founded NGO will work to enforce the standards in safety, environment and operations, which are also supported by the International Chamber of Shipping.
If the pirates in the Gulf of Guinea are to be dealt with, seafaring nations must band together and copy the almost ten years old approach from the Gulf of Aden, says Maersk's head of safety. Security analyst agrees. Maersk has reached out to Hapag-Lloyd and CMA CGM.
For the second time in just a short period, a container ship has lost a large number of containers in the Pacific. A Maersk ship is the latest example, and the incidents are noteworthy, says shipping analyst.
Tanker operator Alba Tankers, which was created out of OW Bunker's dramatic collapse, has added millions of dollars to its bottom line, shows annual report. In recent years, the shipping company has bought new ships and increased its workforce by almost 100 people, executives tell ShippingWatch.
Employees at the US' two biggest - and currently extremely busy - ports should be moved forward in the vaccination programs, so that the ports are not at risk of shutting down, say several politicians in the US.
A network of oil trading firms have now been sanctioned because it, according to the US authorities, has helped state-owned Venezuelan oil company PDVSA selling oil worth hundreds of millions of dollars.
Will Joe Biden's presidency benefit shipping or will his influence be minimal? ShippingWatch asks several executives from major container, tanker and dry bulk companies what they think, and their answers show that opinions differ.