In an open letter to the EU’s parliament and member states, a number of Europe’s major maritime associations call for earmarking income from shipping’s CO2 quotas for the industry’s green transition.
Since August last year, the global merchant fleet has grown by nearly 3 percent. The number of scrapped ships is heading for lowest level in 15 years, writes Clarksons Research.
U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.
The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.
The extraordinarily lucrative times for shipping are over, says Maersk’s chief financial officer in an interview with Børsen.
The timing proved unfortunate when DFDS took over Turkish carrier U.N. Ro-Ro in 2018. An economic crisis in Türkiye made for a difficult start, but bottlenecks and supply chain chaos following the pandemic have boosted DFDS’ investment in the company.
Seaspan’s owner, Atlas Corp, has received an increased bid from the consortium, which includes the container carrier ONE.
Greenlandic ports have in recent years become better connected to the world than previously. This is due to a collaboration deal with Icelandic Eimskip, but according to Royal Artic Line’s CEO, ambitions go beyond that.
The Covid-19 pandemic and supply chain chaos have made Türkiye a more attractive site of production, prompting hectic activity for freight forwarders and carriers: ”Our customers are investing heavily in equipment,” says DFDS head to ShippingWatch.
With the sale to Alfa Laval-owned Stormgeo, bunker planning system Bunkermetric will be applied to thousands of ships. Now it’s about helping vessels navigate increasingly complex supply chains and environmental demands. The new owner is looking for more acquisitions.
Major shareholder in Golden Ocean and Frontline, Norwegian-Cypriot shipping magnate John Fredriksen, is Norway’s richest person, according to magazine Kapital. More wealthy Norwegians are moving abroad, and wealth tax could be main reason.
IKEA will no longer lease space on board container ships to have its products brought to shelves across the world, the global furniture group confirms. But the company is trying to avoid congested ports.
Lars Christian Zøhner will be heading the European business of new wind service operator Cyan Renewables. The company aims to build up a fleet of offshore vessels through acquisitions, with the first purchase in Europe set to land as early as this year, and the scope will be ”significant.”
Lars Christian Zøhner will be heading the European business of new wind service operator Cyan Renewables. The company aims to build up a fleet of offshore vessels through acquisitions, with the first purchase in Europe set to land as early as this year, and the scope will be ”significant.”
Large demand and limited supply of car vessels are behind an unusually good period for Gram Car Carriers. Day rates for one-year contracts could surpass USD 100,000, according to analyst firm.
Lobby organization Sea-LNG criticizes new NGO report from ICCT, which is charged with using ”outdated” numbers and drawing ”flawed” conclusions. ICCT report forecasts need of multiplication of state subsidization for e-LNG.
Fund management company A.P. Moller Capital, filing under A.P. Moller Holding, is in the process of establishing a new billion-dollar fund, reports business daily Børsen. The fund’s first investment is within logistics.
Ikea has sold the containers it purchased last year when chaos reigned on the global freight market. The furniture group now focuses on other solutions in the strained supply chains. Others such as retail chain Lidl have gone in the opposite direction.
Clipper’s Danish company, Clipper Group, divests RoRo carrier Seatruck Ferries to CLdN in a large-scale transaction. The dry bulk operator’s focus strategy is thus in place and a significant debt removed.
Last year’s enthusiastic display in shipping regarding the green energy transition is harder to see now, after elevated costs and energy prices have stolen the spotlight, says chief executive of Belgian shipping group CMB Alexander Saverys to ShippingWatch.
Elevated costs and energy prices might postpone shipping’s green energy transition, says BW Group Chair Andreas Sohmen-Pao in an interview with ShippingWatch on the consequences of the current geopolitical situation for shipping.
The EU ”clarifies” its interpretation of sanctioned Russian coal, now saying cargoes to third countries are allowed. Sanction lawyer says carriers have incurred economic losses due to the EU’s hitherto regulatory interpretation.
A range of NGOs call upon EU nations to lower the minimum size of ships covered by the Emissions Trading System, and to let the system encompass offshore vessels. Transport & Environment points out that member countries are imaking new exemptions for up to EUR 20bn.
The currently growing fleet of LNG-driven merchant ships could face an enormous loss of value ahead of 2030 compared with vessels on traditional fuel due to better economy in retrofitting the latter ships, according to a new report.
”I think that if you normalize over some years, then we will come to see higher energy prices than what we were used to but lower than the ones we have now,” says Mikkel Gleerup, chief executive of offshore wind operator Cadeler.
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