Japanese carriers rake in billion-dollar sum from ONE ownership stakes

Carriers reap rewards from ownership shares in box carrier ONE despite significant set-backs in the first quarter.

Three Japanese carrier groups book Q1 capital gains of a combined USD 1.9bn from their ownership shares in container carrier Ocean Network Express (ONE).

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ONE's profit stoops deeply along freight rates
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Japanese K-Line installs kite system aboard one of its vessels
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Foto: Peter Hove Olesen/Politiken/Ritzau Scanpix

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German logistics company wants to grow 250 percent by 2030

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Lynn Loo urges shipping to take steps outside its comfort zone

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Maersk sells part of its business with the US government

Maersk has sold a subsidiary that provides transportation services for the US Navy. The business covers a handful of tankers.

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Maersk praises Cosco's plans to move into green methanol

”More initiatives like these are needed,” says Morten Bo Christiansen from Maersk, which has 25 methanol-powered ships in the pipeline.

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Lidl's shipping company, Tailwind Shipping Lines, has a total of eight ships with a combined capacity of approximately 108,000 teu. | Foto: Horst Galuschka/AP/Ritzau Scanpix

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The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.

Offshore

Fredriksen company loses legal dispute with shipyard

Major South Korean shipbuilder Hanwha wins an arbitration case against John Fredriksen-controlled Northern Drilling regarding a cancelled order for two deepwater rigs.

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Japanese carriers rake in billion-dollar sum from ONE ownership stakes

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ONE's profit stoops deeply along freight rates

Japanese K-Line installs kite system aboard one of its vessels

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Front page now

Maersk sells part of its business with the US government

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk praises Cosco's plans to move into green methanol

Russia still relies on Europe to ship its oil despite price cap breach

Norden's venture in Gabon runs smoothly one month after military coup

IEA: Ammonia is crucial for shipping's green transition

Fredriksen company loses legal dispute with shipyard

Norwegian carrier gets state funding for new ammonia vessels

German ports fear public savings

IEA: Green fuels keep climate goals alive

Navigare Capital cashes in from sale of several ships

Further reading

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk sells part of its business with the US government

Maersk praises Cosco's plans to move into green methanol

Lidl's shipping company makes changes to get more customers in store

Fredriksen company loses legal dispute with shipyard

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