Tradelens is now starting to focus more on terminal operators and trucking companies after several major shipping companies have decided to join the platform. According to Maersk CEO Søren Skou, Maersk is capable of forcing them to join. "Because if they want to do business with us they have to supply data," he says.
Maersk Container Industry's revenue has fallen by more than USD 100 million in the second quarter of 2019 compared to the same period last year. Reefer revenue also declined.
Greek Dryships Founder and CEO George Economou has bought the remaining shares of the company, taking the company off the New York Stock Exchange.
Svend Andersen is stepping down for good as CEO of large heavy lift company BBC Chartering. His replacement has already been found.
The first half of 2019 was a cold shower for most of the LNG market, says Flex LNG's chief executive in connection with the gas carrier's presentation of yet another deficit. However, he believes improvement might be just around the corner.
There will be consequences if Greece assists a tanker that was previously detained in Gibraltar, the US warns. The vessel's name has been changed from Grace 1.
A large proportion of the world's offshore supply ships are still out of work, Maersk Supply Service estimates. 25 percent of the company's ships are presently laid up.
Maritime investment fund Dee4 Capital Partners, led by Carsten Mortensen, takes delivery of its first two product tankers. The fund previously informed that it has entered agreements on three vessels in total.
Eight Ukrainians and nine Chinese have been kidnapped from two vessels in the world's most dangerous waters in the Gulf of Guinea.
Soy bean exports from the US to China will not return to normal levels for a while, shows new analysis from shipping organization Bimco.
Container vessel MSC Gülsün, the largest in the world, has arrived in Europe upon completion of its maiden voyage from China.
Nordic American Tankers' red figures on the bottom line diminished in the second quarter of 2019 compared to the year prior, shows the company's most recent interim report. Nordic American Tankers experienced significantly higher rates in 2019.
Recent years' extensive consolidation among major container liner companies has created the most stable rate environment in the global container industry ever seen, according to Sea-Intelligence.
Product tanker rates remain low in the second half of the year, and if this trend continues, Torm will end up booking a deficit for the third quarter. CEO Jacob Meldgaard is positive, however, about the remainder of the year, in which several factors are expected to boost the sector.
Setbacks in Borr Drilling and Golar LNG stock hit investor Tor Olav Trøim with losses totaling USD 222 million in asset values in one year, according to a Norwegian newspaper which reports that the sum corresponds to what Trøim received from Seadrill in 2014.
The trade war has not had the effect on Maersk that some observers feared. The tariffs mean nothing, but American consumer habits do, says CEO Søren Skou, who would like to meet with Donald Trump when he visits Denmark, where Maersk is headquartered.
Sweden's Concordia Maritime felt the effects of a weaker product tanker market in the second quarter, which triggered a combined deficit for the first half of the year. However, CEO believes in a "turnaround" in the fall.
Stena's CEO Erik Hånell hopes that Thursday's release of an Iranian oil tanker in Gibraltar might help move along discussions about the company's own vessel currently being detained in Iran.
US-based Eagle Bulk, led by CEO Gary Vogel, is moving to Denmark. The office will be headed by former head of chartering at Clipper.
Maersk's "strong" results for this year's second quarter leads Clarksons to believe that, despite turmoil in the global in the global economy, the container line will reach its USD 5 billion guidance for the full year. "We see the likelihood of the company reaching its full year guidance as high," writes the analyst firm.
The Iranian tanker vessel Grace 1 has been released by UK authorities in Gibraltar, where it had been held since early July. US authorities filed last-ditch request to seize the tanker.
Shipping company Norden has just landed at six-year contract with Enviva, the world's largest wood pellet producer.
Brexit has become an even more painful headache for DFDS, which recently downgraded its full-year guidance to the surprise of several analysts.
Logistics must grow in Maersk's new strategy, but the freight forwarding business in Damco noted a setback in the second quarter and helped drag down Non-Ocean. CEO Søren Skou is not pleased and heralds full focus and acquisitions – five areas are interesting here, he says.
Dry bulk shipping company Golden Ocean was, like its competitors, hit hard by poor market conditions and grew its deficit. The third quarter will be better, CEO asserts.
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