Maersk COO Søren Toft looks with concern at the latest numbers for container growth so far in 2019, he says in an interview with ShippingWatch. ONE Chief Executive Jeremy Nixon expects growth in the global economy of as little as 2.5 percent.
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Container liner APL booked a large deficit in 2018 and is now going through the same cost reduction plan as its owner, CMA CGM. According to Alphaliner, part of the losses is due to APL selling vessels to help CMA CGM.
More container ships will be taken out of service in the last months of the year to have scrubbers installed. Upwards of 30 ships are expected to be removed from the global fleet every month, writes Alphaliner.
The US will not extend the waivers to exempt export of Iranian oil from sanctions. This could make rates in the tanker market increase, projects Clarksons.
Two Swedish shipping companies join forces to establish a new ship operator that will sail from ports in Sweden and Finland. The company has five ships so far and plans to order upwards of four LNG-powered newbuilds.
After a two year wait, the partnership between Royal Arctic Line and Eimskip has now been approved by the Icelandic authorities. "This was the last turn before the finish line," Royal Arctic Line CEO Verner Hammeken tells ShippingWatch.
The LNG market is "fragmented", and there is potential for greater consolidation, John Fredriksen's Flex LNG says to ShippingWatch. The shipping company says it is prepared to buy up, according to CEO.
A structural flaw in the hull of Stellar Daisy made the large bulker sink in 2017 in an accident that cost 22 lives, concludes casualty investigation report. The report rejects liquefied cargo as main cause of the wreck.
Greek shipowner Costamare has chartered out 10 container vessels in the first quarter. Among the charterers are shipping companies Maersk, Evergreen and ONE.
The UK Chamber of Shipping points to a lack of certainty in the debate concerning open-loop scrubbers. Rather, critics seem guided by commercial motivations, says the lobby association.
Thorco Projects is staying out of the acquisitions that have characterized the project cargo market in recent years. "I'm just delighted that it's not me," Chairman Thor Stadil tells ShippingWatch.
HMM's new chief executive will this week visit Maersk in Copenhagen as well as MSC in Geneva "to consolidate the relationship" with the 2M alliance. HMM's agreement with the container alliance expires in April 2020.
Qatar's huge LNG vessel order could end up exceeding 100 ships, says the country's energy minister in connection with the order being sent to tender.
BBC Chartering has once again overtaken Cosco's specialized ship operator to become the largest company in project cargo. Thorco goes down on the list, though its CEO tells ShippingWatch that he does not recognize the numbers.
Tanker company d'Amico International Shipping has raised more than EUR 42 million in a new equity issue. The fresh capital will be used to bolster the shipping company's balance ahead of an expected rate recovery with the 2020 sulfur regulations, says CEO Paolo d'Amico.
Maersk and IBM's blockchain platform Tradelens now gets another shipping line on board – a player which already collaborates with Maersk in the 2M Alliance.
Several container liners want to blank sailings between Asia and North Europe in May and June, but it will probably not be enough to save rates, notes analyst firm Alphaliner.
ShippingWatch will be closed for Holy Thursday, Good Friday and over Easter. We will be back on April 23 with the latest news in shipping and offshore.
Growth in China's economy proved better than expected in the first three months of 2019. The economy continues to grow at an impressive rate, says analyst.
Dry bulk operator Scorpio Bulkers has made a new sale and lease back agreement. This time, six vessels are sold off to be chartered back again.
As CEO of the liner sector's new association, Thomas Bagge will try to gather the world's biggest shipping lines to set out joint standards for the sector. He wants more shipping companies on board.
Offshore shipping companies Eidesvik Offshore and Havila have signed new contracts with oil major Equinor. Both contracts have a duration of four months.
Going forward, Finnish Containerships, owned by CMA CGM, will be calling in Malmö Port as part of a new route, says the port company.
Songa Bulk, which sold its entire dry bulk fleet last year, has made an agreement to merge with company Axxis Geo Solutions.
United Heavy Lift sees positive signs in a strained market for project cargo, which is characterized by mergers and acquisitions. But the shipping company, which recently welcomed two new co-owners into the fold, is pursuing a different strategy, the company says in an interview with ShippingWatch.
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