Maersk Line and two of the liner company's subsidiaries have been working closely with major Russian aluminum producer Rusal, which is now hit hard by new sanctions imposed by the US.
The number of dry bulk shipping companies in Denmark has increased significantly in the past three years, and numerous new offices have been established in the country's capital region. ShippingWatch provides an overview of the new players.
Reefer carrier Seatrade has decided to appeal the scrapping verdict issued against the company and two of its executives in March, the company tells ShippingWatch.
Classification bureau DNV GL points to seven alternatives to traditional shipping to reach sulfur and greenhouse gas reduction targets.
Dutch Seatrade will appeal the verdict which found the company and two directors guilty of illegal scrapping in March, reveals the carrier to ShippingWatch.
The International Energy Agency's latest oil market forecast promises good news for tanker carriers, reports Clarksons Platou.
The world's two biggest liner companies, Maersk Line and MSC, could in practice benefit from South Korea's massive state aid to carrier Hyundai Merchant Marine, says shipping analyst Lars Jensen.
The volume of container vessels sold for scrapping has plummeted to a level which according to Alphaliner could threaten the fragile recovery of the container market.
Japanese commodity traders fear they could become sanction targets and unable to pay Russian mining company Rusal in US dollars.
The global recovery could end already in 2020, projects the IMF. Reduced effects of US tax reforms and lower growth in China factor in.
One in every three ships were inspected over the past three years for compliance with sulfur requirements in North Europe. Five percent of the ships did not meet the requirements, according to a new report from the EU Commission, which proposes more initiatives with global sulfur rules.
Carriers should consider carefully if LNG is a viable solution with the IMO's new CO2 targets, says Tristan Smith, leading maritime academic at University College London. According to ShippingWatch's information, the CO2 targets will be included when Hapag-Lloyd finally makes a decision on LNG at the next board meeting.
Container carrier Pacific International Lines (PIL) delivers a strong 2017 result with growth in the operating result of 269 percent.
Morgan Stanley lowers its estimates after a weak start to the year and ahead of the first quarter interim reports from listed dry bulk shipping companies.
The Thornico group's dry bulk operator, Thorco Bulk, has changed its name to Trithorn Bulk, effective immediately. A natural development for the company, says management.
US-based Flexport is looking to multiply its business within a few years as part of efforts to become one of the world's ten biggest freight forwarders. ShippingWatch provides an inside look at one of the most talked-about startups in the shipping sector.
Maersk Line will not be sending goods for or receive payments from individuals and companies on the US sanction list imposed on Russia.
The International Chamber of Shipping stresses to ShippingWatch that no carrier will be able to avoid participating if the content of the IMO's CO2 deal is to be realized. Hapag-Lloyd thinks the deal will ensure fair competition in the industry, but it will require more investments.
The CEO of family-owned shipping group Vroon steps down after having settled a credit agreement with the company's lenders.
Three factors could threaten what looks like a cautious recovery for liner companies in terms of supply and demand ahead of 2021, says SeaIntel in a new analysis.
For the first time in years, Greece's Danaos Corporation exits a fiscal year without having been forced to book major impairments. But the business is facing pressure on multiple fronts, says the shipowner.
The ban on carrying high-sulfur fuel on board vessels was approved by the IMO's Marine Environment Protection Committee on Friday. This could strengthen enforcement of the global sulfur cap, authorities say.
With Friday's CO2 agreement, the global shipping sector has for the first time set a specific target for its efforts to reduce greenhouse gas emissions. Many stakeholders praise the agreement, describing it as "historic." Others say the deal reflects the sector's power in the IMO. Find the reactions here.
The dry bulk sector's workhorses, Capesize vessels, are noting a surge in rates for the first time in weeks, boosting the benchmark index by 7 percent.
After long-term preparations that led to two weeks of intense negotiations in London, the IMO's crucial meeting to settle a plan for shipping's CO2 reductions is now over and an agreement is settled. Emissions must be halved by 2050.
Student Assistant, Corporate Finance & Strategy - TORM
Controller - Fortuna Seaside Bulk Carriers
Experienced shipping employee to our headquarters - ESS-FOOD A/S
