Correction

Article about Diamond S Shipping on March 12th.

On March 12th, ShippingWatch brought an article about the canceled Diamond S Shipping IPO on the New York Stock Exchange. Among other things, the article stated that a majority of the carrier's fleet of a total 33 MR product tankers consisted of so-called Pump Room Design vessels. This is not correct. 32 of the vessels in the fleet are Deep Well Tanker designs. ShippingWatch apologizes for the mistake.

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Affinity takes big hit by dropping Russia business: "Very painful"

UK ship brokerage boss says company has suffered from the decision not to undertake Russia-related activity because of that country’s invasion of Ukraine.

Affinity reports satisfactory year despite profit plunge

Affinity buys London-based Vortex Shipbroking

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Container

Maersk settles case about fired whistleblower

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Logistics

DB Schenker owner to lay off 30,000 after huge loss

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Container

CMA CGM benefits from acquisition while ocean freight lags behind

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Container

MSC confirms commitment not to sail north of Russia

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Ports

Key ports in China have been busy in the first half-year

Archival photo. a picture of the Houthi attack on Greek ship in the Red Sea on June 12, 2024. | Foto: Houthi Media Centre/Reuters/Ritzau Scanpix

Russian commodities aren’t safe in Red Sea as Houthis attack

Despite stating that they would not attack Russian and Chinese shipping in the Red Sea, commercial shipping of Russian commodities in the Red Sea is among the most attacked by the Houthis.

Customers will have to be patient after fire on Maersk ship

The owner of the fire-ravaged Maersk Frankfurt has declared general average for the ship and its cargo.

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Spot rates out of China decline for the third week in a row

After large increases a month ago, freight rates are now on the decline again for the third week in a row.

Startup wants to stop irresponsible ship recycling

Renable will make ship recycling responsible and efficient in a climate-friendly way that is actually cheaper than today, says co-founder.

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Foto: Florence Lo/Reuters/Ritzau Scanpix

Chinese trading platforms drive up air freight prices

Temu and Shein in particular, which have become popular among many Western consumers in a short time, are contributing to the rising prices, analysts estimate.

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DB Schenker is owned by the state-owned railroad group Deutsche Bahn with Richard Lutz as CEO.

DB Schenker says sale is proceeding as owner report major loss

The freight forwarder is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned group.

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DB Schenker owner to lay off 30,000 after huge loss

Deutsche Bahn will shed a large number of employees over the next five years.

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Container

CMA CGM benefits from acquisition while ocean freight lags behind

The French shipping group increased its revenue, but the overall result did not follow suit. On the other hand, the logistics business is making strong progres.

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Logistics

DB Schenker says sale is proceeding as owner report major loss

The freight forwarder is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned group.

For subscribers

Container

Maersk settles case about fired whistleblower

Maersk’s US subsidiary must change its practices after firing a whistleblower who raised concerns about safety on a ship. Updated.

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Suppliers

Affinity takes big hit by dropping Russia business: "Very painful"

UK ship brokerage boss says company has suffered from the decision not to undertake Russia-related activity because of that country’s invasion of Ukraine.

For subscribers