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Mega-ships will continue to drive fleet growth

The largest container ships have driven fleet growth in the container industry for many years, and this trend is set to continue. Meanwhile, demand for smaller container vessels will continue to decline, estimates Alphaliner.

How Torben Carlsen will achieve DFDS' new strategy

With a four-point business strategy, DFDS' new CEO has set his own ambitious goals for development and growth at the shipping company ahead of 2023. ShippingWatch provides an overview. Also, find the whole strategy below.

Efforts to salvage Thorco's wreck begin

Six crew members died in 2015 when a Thorco vessel collided with a chemical tanker and sank. Singapore authorities have now cordoned off the area so the wreck can be salvaged.

Christiania Shipping ready to expand fleet following first profit

Costs have been cut to the bone at Christiania Shipping, and with the first operating profit secured, the next step for the former Herning Shipping is to renew its fleet and maybe participate in consolidations. CEO Axel Eitzen expects black figures on the bottom line for this year as well, he tells ShippingWatch.

Gulf of Oman tanker attack could spike rates

Last week's attack on two tanker vessels in the Gulf of Oman could cause tanker rates to spike significantly in the region, estimates analyst firm Platts. The increased risk could also cause an increase in insurance premiums.

Many tanker carriers have ships heading to the Gulf of Oman

Several tanker companies have ships headed for the Gulf of Oman and during the next few days they will decide whether to continue doing business in the region. There are concurrent reports of high day rates, the head of a larger tanker pool tells ShippingWatch.

DFDS launches significant growth plan

DFDS presents four new strategic and financial targets aimed at growing the company's operating profit over the next five years. A third of growth should come from acquisitions. Read the main points here.

Tankers may sail on ammonia from 2030

According to a study, ammonia is a viable fuel alternative in shipping's climate change mitigation efforts. From 2030, tankers may be able to sail on the ammonia they transport themselves, the company behind the report tells ShippingWatch.

Commodity trader boycotts scrubbers

US-based commodity trader Hudson Shipping Lines will not use vessels with scrubbers installed once the new sulfur regulations enter force from January.

Frontline hesitant to send more ships to the Gulf of Oman

Frontline is exercising "extreme caution" when it comes to sending more ships through the Gulf of Oman following last week's attack on two tanker vessels. Both vessels are now in the United Arab Emirates, while Frontline's crew is in Dubai.

This week's top stories on ShippingWatch

Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.

Maersk to explore arctic route with Russian company

Maersk and Russian company Rosatomflot want to explore the possibility of being part of the shipping route through the Northeast Passage. Maersk does not intend to deploy its own vessels on the route at the moment.

US says video shows Iran was involved in an attack on tanker

US officials have released a video they say show Iran was involved in an attack on an oil tanker near the entrance to the Persian Gulf on Thursday, one of a pair of incidents that have raised tensions between the US and the Islamic Republic over the past day. Watch the video here.

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