A labor union dispute in France means that since Jan. 14 ferry operator DFDS hasn’t been able to transport unaccompanied freight between Calais, France, and Sheerness, the UK. Efforts to find a solution are protracted.
Crude tanker company DHT Holdings has employed two CEOs since 2010, but now, Trygve P. Munthe is retiring, making Svein Moxnes Marfjeld the sole chief executive going forward.
A member has chosen to step down from MPC Container Ships’ board with immediate effect, states the shipowner.
There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.
Car carrier Höegh Autoliners, co-owned by Maersk, raises expectations for the whole year and orders four new ships able to sail on methanol.
GMS, procurer of ships for recycling, targets media that the company says have published untruths about its scrap vessel trading. GMS doesn’t name these media, however.
New gas shipping line Cool Company, a joint venture between Eastern Pacific and Golar LNG, will have a market value of USD 375m, the parties disclose in connection with a capital raise.
The shipping group’s venture subsidiary has partaken in UK-based 7bridges’ Series A round, which brought in USD 17m for the company.
A labor union dispute in France means that DFDS since Friday, Jan. 14, hasn’t been able to sail unaccompanied freight between Calais in France and Sheerness in the UK.
A record-high number of offshore wind installation ships were ordered in 2021, reveal figures from Clarksons Platou, also showing increased day rates for larger vessels.
Tanker operator Hafnia is in negotiations with Scorpio Tankers on buying 12 LR1 product tankers, the carrier confirms in a stock exchange notice Thursday.
Container lines have been ordering new ships like never before – a quadrupling of vessel orders from 2020 to 2021, reveal figures from VesselsValue. But overcapacity in 2023 and 2024 isn’t likely to lead to a price war with major rate drops, says analyst.
Unlike the oil industry, where a number of firms are blacklisted, Denmark's Pensam has not banished any shipping companies from the fold. The pension provider and investor is, however, not content with a shipping company just adhering to the IMO's target.
Berenberg expects "at least" two years' worth of good market conditions in container shipping. Its focus is on asset-based financing of smaller vessels and over-capacity is not an issue, says Berenberg's head of shipping.
Using towage vessels on biofuel, Unifeeder aims to cut 90 percent of carbon emission when company ships make use of towage service on the River Thames. Svitzer is supplier of the carbon-reductive service.
Co-founders such as Ørsted have dropped out, and the ambition to get 30 companies on board in 2021 did not succeed for climate initiative Sea Cargo Charter, which counts Norden, Cargill and Klaveness among its members. According to the partners behind, the first year has still been a success.
Although 82 armed assaults on merchant ships took place in Asia in 2021, this is a decrease by 15 percent compared to the previous year, shows annual report by Recapp ISC. In the Singapore Strait, developments are headed in the wrong direction.
Rates on dry bulk ships in the spot market have dived in recent weeks, with capesize ships now sailing at rates below their break-even point, show numbers from Clarksons. However, the broker does see spot rates climbing in the months to come.
The European Parliament suggests charteres should be made responsible for paying shipping's CO2 quotas. ECSA believes that an EU directive should intervene and regulate the contratcts with the ship owner. Read the parliament's position here.
Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.
A new report from classification bureau DNV ranks the world's leading maritime cities. Find the complete list here.
Norwegian carrier Torvald Klaveness has designated the successor to Lasse Kristoffersen, with the new chief executive taking over on April 1.
Vessel Madrid Bridge, chartered by Japanese carrier ONE, dropped around 60 containers in the ocean earlier in January, agent to the ship's owner confirms to ShippingWatch.
Maersk is raising expectations of its underlying operating result for the full year following a Q4 in which volumes declined slightly and rates surged by 80 percent.
Number of piracy attacks against merchant ships is at the lowest level since 1994, according to IMB's annual report. The Gulf of Guinea – where Danish frigate Esbern Snare was in action in November – is still the hotspot for piracy at sea.
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