Clothing and furniture companies are moving their production increasingly closer to the West, which could provide major benefits to DFDS and not so much to Maersk.

Container line CMA CGM will give a rebate to US importers who pick up their containers quickly at the terminals in Long Beach and Los Angeles in order to ease bottlenecks. The incentive program will provide up to USD 200 per container.

The Norwegian oil company has failed to deliver both on its transformation strategy and shareholder returns, says Noreco Chair Riulf Rustad as the group's CEO, David B. Cook, announces his resignation Monday.

The four suspected pirates detained aboard Danish frigate Esbern Snare for assault with attempt to kill in the Gulf of Guinea will likely be prosecuted in Denmark or in the West African region. This could be Nigeria, Togo or Ghana, according to senior researcher.

Just a year after announcing the Sea Cargo Charter, co-founder Ørsted has decided to back out of the initiative. "Not the right forum for us," the company explains but denies that too low climate ambitions are to blame. Chair of the charter has expressed openness to raising the level of ambition.