Shipping and logistics company DFDS upgrades its expectations for 2020 again. This is the company's second upgrade since the outbreak of Covid-19. Earlier in the year, the company made two downgrades.
Shipping company Wilhelmsen is working with a series of partners to have a hydrogen-powered ship in the water by 2024. The project has now received millions in funding from an EU program.
Maersk's former climate director, John Kornerup Bang, will soon help a company outside the shipping industry in its efforts to become more sustainable. He starts in the new position next week.
Maritime supplier Alfa Laval received fewer orders in the latest quarter compared to the same period last year. But things have improved since earlier this year, writes the company.
A complaint from the US Government Accountability Office has made Wallenius Wilhelmsen "look at the alternatives" in a large billion-dollar contract the car carrier has signed with the US Department of Defense. The complaint concerns the role played by the Department of Defense.
A new investigation concludes that a dangerous cargo that spoiled was likely the cause of the fire that broke out in the cargo hold of container ship Maersk Honam. Five seafarers were killed in the accident.
Scorpio Bulkers continues to trim its fleet by divesting another dry bulk vessel. The sale is the seventh in less than a month.
V.Group expands its partnership with Greek shipowner Costamare, which will add another 41 vessels to the ship management company's portfolio. Costamare's office in Shanghai will furthermore be integrated with V.Group's as part of the deal.
Finnish shipping company Viking Line, which competes with companies such as DFDS, is hit hard by the coronavirus crisis. Sales have gone down by more than 60 percent in the third quarter, and the Finnish government has stepped in with a state-backed loan to ensure liquidity.
A court in Mauritius has denied a petition to grant the captain of now sunken MV Wakashio, Sunil Kumar Nandeshwar, bail.
Hydrogen looks like the best contender for ship fuel of the future, says Shell. The oil major's global head of shipping notes that other parts of the transport sector are also looking to hydrogen, which reduces costs related to infrastructure.
Credit rating bureau Moody's now has a more positive outlook for four European container lines, including Maersk, than it did prior to the coronavirus crisis. Things are looking different for the Asian carriers.
Icelandic container line Eimskip now expects a growing operating profit for the third quarter. The improvement comes after a weak growth in volumes, writes the company.
Uncertainty about the global economy and global trade has led to the lowest newbuild order book for commercial vessels since 1989, shows new analysis from Danish Shipping.
Norwegian ferry operator Color Line berths one of its Kiel ferries and sends 400 employees home on so-called temporary layoffs. This means that a total of 1,000 employees are now temporarily laid off.
At an extraordinary general assembly, offshore ship operator Solstad has received approval for a rescue plan. CEO says the resolutions of the agreement, which has taken a year and a half to settle, "mark a new beginning for Solstad."
The US Department of Justice has charged six Russian intelligence agents with being behind a cyberattack that hit Maersk, among others, costing the shipping group up to of USD 300 million.
Norwegian ferry operator Fjord Line has canceled all sailings between Hirtshals in Denmark and Bergen and Langesund in Norway. "It's a dramatic situation," says Fjord Line, which cancels the sailings for the rest of the year.
The new management of Ocean Tankers, accountancy EY, estimates that the operator could run out of money soon, and therefore plans to return the company's fleet of nearly 150 chartered vessels to their owners.
The French oil supermajor has shipped off a climate-neutral cargo of liquefied natural gas to China's CNOOC.
Kuehne + Nagel has utilized a short-time scheme during the coronavirus crisis to lower the working time of some employees, this initiative saved the company costs totaling CHF 77 million. The bottom line grew despite a drop in revenue in the third quarter. Updated.
It cuts into US agricultural and forestry exporters' earnings when container lines do not sufficiently communicate when the exporters are able to drop off their containers at port terminals, reveals a survey by Agriculture Transportation Coalition.
Maersk Tankers CEO Christian Ingerslev explains why the first influential shipping companies call for the industry to embrace regional climate legislation. Bimco fears that this could undermine the IMO process, the organization tells ShippingWatch.
Golden Ocean is on the lookout for a new COO after Thomas Semino has "reached an agreement" with management to step down from his position, John Fredriksen's dry bulk carrier informs.
Drilling company Transocean has received a warning from the New York Stock Exchange, as the company's equity has been trading below USD 1 for a period of 30 days. The company now has six months to correct the price before its listing becomes at risk.
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Junior Procurement Officer for Stena Rederi A/S 
