Donald Trump orders tighter sanctions on Iran following the country's alleged involvement in strikes on Saudi Arabia's biggest oil facility.
With the latest delivery of mega-ships to MSC, the global container fleet now exceeds 23 million teu, writes Alphaliner. The fleet has shown steep growth this year, as stronger freight rates shipowners hesitant to scrap vessels.
Maersk Tankers confirms that it is in negotiations with Malaysian shipping company AET to acquire seven chemical tankers. Vessels Value estimates the market value to be USD 140 million.
In the spring, Jens Ismar resigned as CEO at Western Bulk, but now he makes a comeback in the gas sector with a new top position at gas carrier Exmar.
The parent company behind container line OOCL is carrying out a managerial reshuffle, which, among other things, entails a new CEO. He comes from Cosco, which recently acquired the Hong Kong-based company.
The chief executive of Russian state-owned tanker company Sovcomflot is stepping down. The new CEO was found internally.
Bulk carrier Pacific Basin is buying four dry bulk vessels for around USD 74 million. Part of the payment is being made via new equity emissions transferred to the ships' sellers.
Following the recent drone attacks on its oil processing facilities, Saudi Arabia has just entered the US-led seaborne oil protection coalition, which also includes Australia, Bahrain and the UK.
A new joint venture between MPC Capital and Zeaborn is underway, says MPC. The companies will merge two units of shipbrokering activities, and the new venture is expected to launch operations on Nov. 1. Corrected
Wallenius Wilhelmsen acknowledges that the public attitude to CO2 is quickly developing into a demand for zero emissions, and that this could lead to an adjustment of the shipping sector's target of a 50 percent reduction by 2050. Maersk says that the 2030 target is a crucial step.
Shipping company Norden dismisses 11 employees, who are losing their jobs because technical operation of the company's dry bulk ships is being outsourced to a Singapore-based operation. This happens as a part of Norden's strategy to shift its business toward buying and selling dry bulk vessels.
It comes as a surprise to Samskip that the Icelandic Competition Appeals Committee has rejected the protests voiced by the shipping company against the collaboration between Eimskip and Royal Arctic Line.
LNG is the way forward in the next decade in terms of environmental fuel for the shipping sector, says a new report by classification bureau DNV GL.
Ship operator Navig8 Chemical Tankers reduced its bottom line deficit, which now stands at USD 3.7 million. Meanwhile, the company's revenue grew slightly in the period.
"If it's that obvious, why don't you just start," says DFDS' environment chief, Poul Woodall, to shipping companies planning on using slow steaming to reduce CO2 emissions. The ferry operator has a proposal for how planning could reduce one route's emissions by 40,000 tons per year.
The attacks on two Saudi oil facilities entailed a higher risk profile for shipping companies in the Persian Gulf, Risk Intelligence CEO Hans Tino Hansen assesses. However, there is nothing the companies themselves can do to affect the situation, he says.
The tanker market is fraught with increasing anxiety and uncertainty after two oil facilities were attacked by drones in Saudi Arabia, fanning the flames of existing tensions. "Not good," Kim Ullman, CEO at Concordia Maritime, tells ShippingWatch.
Shipping organization Bimco expects low growth in transported containers for the rest of 2019. This will worsen the balance and paint a "disturbing picture" for the industry this year and the next.
Maersk Tankers and commodity trader Cargill enter strategic collaboration in which the parties create a joint MR pool, which will consist of more than 60 vessels.
Samskip's protests against Eimskip and Royal Arctic Line's transatlantic partnership have now been rejected by the Icelandic Board of Appeal. However, the starting date for the joint service operation is postponed once again.
Dry bulk shipping company Golden Ocean increases its investment in Singapore Marine, which the former acquired a stake in during spring.
John Fredriksen-controlled Ship Finance International gets a new name, agreed upon at the latest general assembly. The Bermuda-based shipping line is still trading under the SFL designation on the stock exchange, however.
Video footage emerged Monday showing the hours ahead of two Maersk ships sinking while under tow. Maersk stakeholder KLP also expressed concern about the shipping company's shipbreaking partners in India after a yard worker died.
Maersk does not think it is a good idea to adopte global legislation to regulate speed limits in order to reduce CO2 emissions. Such a measure would reward reactionary shipping companies, argues the shipping line.
Stock prices at the three major South Korean shipbuilders rose considerably over the past month. This is especially due to a wave of new orders, and the trend is expected to continue throughout the year, news agency writes.
Lauritzen Bulkers seeks Head of Global Operations
TECHNICAL DIRECTOR to Celsius Shipping
Vessel Performance Manager
Cash Management Specialist
Experienced Bunker Trader - Dubai
Manager for Technical Services
Freight Trader - COLI Bulk Carriers GmbH
