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Start a free company trial todayMore from ShippingWatch
Box carriers to see big drop in earnings – are fighting for volume already
The leading container liners are still making a lot of money, but earnings will see a steep decline in Q4, forecasts Alphaliner. Carriers have begun ”fighting for volume,” according to Xeneta.
Costamare reveals more details about new dry cargo operator
With a USD 200m commitment, the shipowner has launched a new dry bulk operating platform with presence in a number of shipping hubs.
Maersk drops blockchain platform
Tradelens, a blockchain platform established by Maersk, is being scrapped by the shipping giant over the next few months due to a lack of support from the industry.
Frontline is confident in prolonged tanker upswing
Tanker operator Frontline’s earnings increased in Q3, and CEO Lars H. Barstad predicts a ”prolonged strong cycle” in the tanker market.
EU is hooked on Russia LNG and paying billions to keep it coming
While the EU has banned imports of Russian coal and is about to launch similar measures for oil, the union’s LNG imports from Russia are increasing, and an embargo is not on the horizon.
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