The German container carrier has invested in a large number of containers for its reefer ships, bringing its capacity up to 100,000 reefer containers.
A Norwegian-based yard will construct the world's first autonomous and zero-emission container vessel, which is expected to be completed in 2020. The vessel is the result of a collaboration between supplier Kongsberg and fertilizer company Yara.
Marine and towage group Boskalis suffered a massive deficit for the first half of the year, as weak activity in Offshore Services dragged the group down despite positive developments in other business units.
Singapore-based gas carrier Epic Gas reduced its deficit in the second quarter. CEO sees an improving LPG market.
The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.
Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.
DFDS reports growth in revenue as well as earnings in the second quarter. The positive development continues despite the situation in Turkey, currently creating uncertainty, says CEO Niels Smedegaard.
There could be large savings to gain for tanker carriers if they install scrubbers on modern VLCCs before the sulfur cap is implemented, show calculations made by Drewry.
Nordic American Tankers is strained by a weak crude oil freight market and exits the second quarter with sliding figures across the board. The carrier, as usual, still pays out dividends.
It may not be one of the world's largest container carriers, but it is still remarkable that Taiwanese Wan Hai has been able to deliver a profit in the second quarter – unlike all its competitors.
Over the summer, German dry bulk operator Oldendorff has sold 13 ships to an Asian buyer that will lease them back to Oldendorff immediately.
A former managing director for Monjasa's offices in Dubai has been hired by competitor Trafigura. Until 2015, the two companies had a close partnership in the lucrative bunker oil market in West Africa.
Nobody seems to have a well-documented explanation for where the bad bunker currently plaguing the shipping sector really comes from. Meanwhile, each day brings a new case of damaged engines. A Norden ship is the latest to report issues with bad bunker.
Maersk Line has procedures in place to avoid being impacted by the widespread issue of contaminated bunker which has plagued several shipping companies recently.
Bunker prices alone are not responsible for container carriers' losses in the first half of 2018. The carriers themselves have not done enough to reduce capacity, says analyst firm Alphaliner. Evergreen tops the list with a huge order book.
Norden's dry bulk business is doing well, as expected. But the tough market for tanker vessels drags down the recovery, shows the shipping company's second quarter interim report.
The only product tanker in Stena Group, Concordia Maritime, exits the first half of the year with a larger deficit than from the same period last year.
The discrete Norwegian investor Sole Shipping, which has a large back catalog of sale and leaseback deals with prominent shipping companies, is ready for more deals with carriers after the company entered a million-dollar financing agreement with Hafnia Tankers recently.
Liner shipping company HMM booked a bottom line deficit for the first half of 2018. The 2M alliance partner is weighed down by increased bunker prices.
Problems with contaminated bunker oil have become part of the case concerning a Thorco ship that ran aground in June (shown in photo). A bunker company says that Thorco has asserted a damages claim involving delivery of faulty fuel. The carrier declines to confirm the information.
Political and economic trouble is raging from Venezuela to Nicaragua to Haiti, and the crises have triggered a rise in crime. Particularly in the waters off Venezuela.
Freight rates are now 14 percent lower than the historic correlation between rates and bunker prices would normally indicate, concludes Seaintel in its latest newsletter.
The world's seventh-largest container liner, Evergreen Marine, booked a bottom line deficit in the second quarter. The loss came despite the fact that the company increased its revenue.
China's Ministry of Transportation wants to expand the country's LNG infrastructure, so more ships shift from using heavy fuel over to liquefied natural gas. The announcement arrives after the country threatened sanctions on US LNG last week.
After DFDS' acquisition of Turkish carrier U.N. Ro-Ro shortly before summer, the company's stock has mow been impacted by the financial turmoil in Turkey. This marks the largest decline in ten years.
Legal Counsel - Swire Blue Ocean A/S
Operations Specialist - Laytime - NORDEN
IT Operations Manager for International Shipping Company - J. Lauritzen
Experienced Chartering profile - Norient Product Pool ApS
