Shipping banks have previously made a classic mistake during a market upturn, essentially causing an acceleration of the subsequent downturn. In an interview with ShippingWatch, maritime bank major DNB warns against repeating it.

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

APM Terminals has entered a collaboration with ZPMC, which will develop and supply a strategically important automation of APM Terminals' equipment worldwide. The alliance will ensure a long-term collaboration on the development of cranes and other port equipment.

Money keeps leaking from the company, which on the other hand reports that its portfolio of opportunities and projects has grown and matured.