This week's top stories on ShippingWatch

Frontline's entry into the booming tanker market, new uncertainties about China's economy, and the half-year result from Germany's Hapag-Lloyd as well as a long line of LPG-players were just some of this week's top stories on ShippingWatch.

BY OLE ANDERSEN

Optimism in the strong tanker market was fueled further by the sector's biggest player. The market looks good for the next five years, said Frontline CEO Robert Hvide Macleod in an interview with ShippingWatch.

Frontline CEO: Five strong tanker years ahead

Frontline turns a profit and targets more acquisitions

Maersk Tankers CEO Morten Engelstoft. Source: Maersk

Maersk Tankers eyes strong market throughout 2015

Uncertainties surrounding future growth in China's economy made shares on the global exchanges plummet, and this development also hit numerous already-struggling shipping shares.

Shipping shares tumbled in global market turbulence

Rio Tinto will boost iron ore exports to China

German container carrier delivered a better result than seen in a long time in an industry where the future looks more than bleak.

Hapag-Lloyd: Big dive in demand sent rates plummeting

Hapag-Lloyd maintains profit in first half of 2015

Wave of mega-ships strains container carriers ahead of 2018

Profits dive at China's merger-ready CSCL

SeaIntel: Mega-ships set to hit Asia-Australia

The week also brought interim reports from a long line of leading tanker players enjoying the historically good market.

BW LPG in big growth and high expectations for 2016

Avance Gas almost doubled its bottom line

Team Tankers maintained momentum in Q2

Frontline CEO: Five strong tanker years ahead
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Hapag-Lloyd: Big dive in demand sent rates plummeting
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SeaIntel: Mega-ships set to hit Asia-Australia
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Regulation

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

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Peder Simonsen CFO in Golden Ocean points to congestion as a main reason as to why freight rates haven't increased yet when demand is good. | Foto: Pareto Securities

Bulk

A simple reason could explain low dry bulk rates despite good demand

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Foto: Abdel Hadi Ramahi/reuters/ritzau Scanpix

Logistics

Dubai challenges Singapore as shipping's favorite city

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Ports

Opinion: Europe's key ports have become better connected after Covid

ShippingWatch.com

Cosco to build production chain for green methanol

For subscribers

Carriers

Russia’s diesel ban threatens to roil global markets – if it lasts

For subscribers

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025
There will not be enough liquefied natural gas to replace the EU’s imports of Russian LNG until 2025 or 2026, says the chief executive of Totalenergies.
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John Fredriksen has increased his wealth by NOK 81bn this year
The Norwegian-Cypriot shipping magnate is by far Norway’s richest man and has earned over NOK 200 million a day since last year.
Hapag-Lloyd rolls out Starlink internet to entire fleet
A test of Elon Musk’s satellite internet has ”revolutionized” communication for employees at sea and allows for remote maintenance of ships, according to the shipping company.
For subscribers
European Energy gets new partner for methanol plant
The sale to the Japanese trading company received the stamp of approval from the EU Commission in August, and the deal has now been finalized.
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CMA CGM and Maersk will need help in new green lobbying alliance
Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.
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Habben Jansen calls on energy majors to do more for the green transition
Ships are not the problem in shipping’s green transition – the problem is rather the lack of green fuels, and the big oil companies should help out, says Hapag-Lloyd’s chief executive.
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Chief executive: Bolloré acquisition will transform Ceva's air cargo business

The price of air freight has dropped significantly, and the market will become ”complex” in the coming years, says the chief executive of Ceva Logistics.

For subscribers

Regulation

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

For subscribers

Logistics

Dubai challenges Singapore as shipping's favorite city

Singapore is still the favorite city of maritime executives, but high costs of living and skyrocketing rental prices make an increasing number of people look to Dubai, according to survey.

For subscribers

Hapag-Lloyd and CEO Rolf Habben Jansen wanted to buy the majority of the large port company, Hamburger Hafen und Logistik, but was instead defeated by rival MSC. | Foto: Vera Eckert/Reuters/Ritzau Scanpix

Ports

Hapag-Lloyd were in talks to acquire state-owned port company

Chief exec reveals to German media that he was first informed of the sale to rival MSC in a call from a senator the day before the deal was announced.

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ShippingWatch.com

Cosco to build production chain for green methanol

The Chinese shipping giant will establish a chain of production facilities for green methanol in partnership with a state-owned energy company and the world’s largest container port in Shanghai.

For subscribers

Freddie Lee (left) and Carsten Mortensen, both partners in Dee4 Capital Partners, together with Reefer RoRo AG, will build a green reefer vessel for banana export to Europe. | Foto: Pr-foto

Container

Carsten Mortensen wants to build green reefer ship for banana export

Together with ex-executives from Maersk Line Reefer and Lauritzen Cool, the former CEO of shipping company Norden and BW Group will gather investors to build a new, green reefer vessel.

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