DSV CEO on ocean freight: "Currently a flat market" Container lines warn the EU against going too far in climate efforts Improved conditions boost sales for Wintershall Dea Dan-Bunkering case begins: Bunker Holding CEO seeks acquittal of jet fuel sales to Syria New ships and higher rates boost Klaveness carrier in third quarter Alfa Laval reports strong maritime order intake Wärtsilä grows orderbook despite continued Covid-19 effects DP World reports growing volumes in third quarter DSV reshuffles management following integration of major acquisition Carriers to pay fees for idling containers in US ports Employee at Bunker Holding subsidiary charged for corruption Container lines send heaps of empty containers to Asia Wallem Group appoints new CEO BW LPG chief exec reports average day rates down by USD 15.000 in 2021 Freight rates for furniture eat up almost entire profit Prosafe bags contract with Totalenergies Brent oil takes out USD 86 as Saudi Arabia vows caution on supplies Fire on board container ship off coast of Canada is under control Saudi Aramco pledges to reach net-zero emissions by 2050 Analysis from Maersk Mc-Kinney Møller Center shows path to decarbonized shipping by 2050 Long Beach logjam of container vessels grows to 80 Major increase in damage claims leads Skuld to notify customers of substantial price hikes Zim acquires seven second-hand container vessels California governor signs order to tackle container congestion Exmar to develop CO2 tanker in joint venture DNB warns banks not to repeat grave mistake during upturn in shipping Oil service firm loses nearly USD 60 million in three months IKEA sustainability manager: Green solutions should not cost more APM Terminals and Chinese ZPMC enter strategic alliance on maritime automation Aker Offshore Wind takes "key strides" in third quarter OSM Maritime sets up recruitment platform for shipping Dry bulkers on European shortsea routes profit from bottlenecks in freight market Shipping contributes to growth at DNB in third quarter How will product tanker shippers make their way if all cities do as New York? China power crisis boosts coal imports from Indonesia to record Monjasa announces new chair Golden Ocean CEO sees the strong bulk market extend into 2024 Aker Solutions gets potential Arctic billion-dollar contract Seaspan's customers have ordered 70 ships – all fossil-fueled European Shippers Council announces new president For Coca-Cola, chartering vessels is by no means a foreign concept Three container carriers welcome demand from major customers: "2040 does not scare us" UN says fossil fuel projects wrecking climate goals Skuld cautions shipowners about cases involving contaminated bunker fuel Shipowners rushing to place orders for mid-sized container vessels in 2021 Shipowners on EU proposal: Loopholes risk undermining efforts towards green shipping Port of Rotterdam reports substantial volume growth MPC Container Ships secures new credit facility and divests six vessels Kuehne+Nagel more than doubles earnings in third quarter Ikea, Amazon, Unilever commit to zero-emission ocean freight by 2040 Belgian logistics group acquires Spanish company South Carolina Ports names coming CEO Containers piling up at Port of Felixstowe Extreme container rates can push shippers into bankruptcy 87 vessels scrapped at Asian beaching yards in the third quarter US ports to extend opening hours Multipurpose market red-hot but short on capacity DCSA: Customers' lack of focus delays digitization of container market FMC urges container carriers to clarify fees Prosafe reports highest fleet utilization since 2019 Berenberg sets up two new shipping funds APM Terminals assigns climate exec Celsius places order for large LNG vessels Logistics group Shipco Transport appoints new management Ikea maintains climate targets for ocean freight despite criticism from NGOs Price difference between spot rates and contracts runs to USD 20,000 Norway calls on IMO to introduce global CO2 quotas for shipping Poseidon Principles set to raise ambitions in coming weeks Chinese energy crisis threatens to disrupt global supply chain Coast guard boards vessel that dragged anchor near pipeline More container vessels queued off Long Beach – fewer globally Media report: CMA CGM and Maersk exploring possibilities of acquiring logistics company Expanding opening hours poses a major challenge in Port of Los Angeles FMC chair on pressured freight market: "Everyone is responsible, but no one is to blame" Danske Bank makes commitment to CO2 neutral loan portfolio by 2050 Fredriksen increases stake again in Frontline rival Euronav UN's Guterres blasts shipping and aviation – climate targets are too lax "Mixed lobbying" hinders Maersk from elite status on climate efforts Viking Supply Ships secures new capital to cover expected negative cash flow The upturn gathers momentum for Pacific Basin and Fruergaard MSC wants action in order to help seafarers left behind with no food or money Maersk invests in Dutch company focused in green fuel A single vessel risks having to pay more than EUR 1,000 a day for EU's carbon quotas Significant drop in pirate attacks in Gulf of Guinea Norwegian maritime operators create offshore wind alliance Equinor to improve financial health of problematic oil field Martin Linge Torm CEO on unusual tanker market: "Not a sustainable new normal" Bunker sales drop to 15-month low in Singapore Biden confronts supply chain crisis stretching past his grip LNG lobby takes a swipe at Søren Skou John Fredriksen expands shareholding in Avance Gas CMA CGM announces temporary stop to calls on Port of Savannah on US East Coast Feverish dry bulk market leads operators to crank up speed by a few knots Chief execs in shipping see upturn extend far into the 2020s Shipping analyst: Christmas is not canceled Container routes between Asia and Europe hard hit by port delays IEA warns world isn't investing enough for future energy needs Upturn prompts Norden to sell out of dry bulk fleet Cadeler receives offshore wind order in the Netherlands Maersk Broker to advise on climate: "The vast majority is on the verge of taking the first step" Maersk diverts ships from UK due to port congestion UK deploys patrol ship in West Africa to strengthen maritime security DP World and CDC pledge USD 1.7 billion infrastructure spending in Africa ports deal Cyclone closes one of world's busiest ports – bottlenecks ensue Former Dan-Bunkering CEO might become key witness in criminal proceedings Shipyards take longer to build capesize vessels Rising US crude oil production could benefit tanker market Solid growth in ferry traffic between Ireland and France post-Brexit Port lockdowns in China help DSV to fifth upgrade of the year Oil majors' joint climate venture orders two specialized CO2 carriers US and EU importers seek alternative transport methods in lieu of container freight John Fredriksen becomes major shareholder in Frontline's competitor DSV and Maersk rank in top three by revenue in Denmark Golden Ocean orders four additional newbuilds in China A day in December 2016 could prove decisive in Dan-Bunkering case Boom in container market driven by US consumers Maersk naval officers suspended following rape accusation Seadrill receives "overwhelming" support for rescue plan from lenders Global corporate-tax overhaul advances as 136 nations sign on OOCL's revenue surges in the third quarter despite drop in volumes Greeks remain silent, while Swedes stand their ground in dispute with Danish Shipping on carbon quotas Herman Billung felt bad for investors when the stock price plummeted: "It was damned unpleasant" 57 container vessels queuing off Long Beach Container rates shake off last week's decline Flex LNG exec has seen "the craziest gas week in history" Deutsche Post announces upgrade following good third quarter Hapag-Lloyd vessel no longer suspected of causing oil leak off US coast Ørsted selects wind carrier Cadeler as supplier for German projects Scrapping of tanker vessels hits 39-month high European shipping players in wrangle over responsibility for paying carbon quotas DFDS and J. Lauritzen set up joint bunker company Shell flags financial impact of gas market swings, hurricane Norway has issued 15 notices, but refrains from taking ballast water samples NGOs pressure Ikea to opt for sustainable shipping Key executives awarded new titles in Dan-Bunkering's top management Wärtsilä to install air bubble lubrication system on Maersk vessel Moody's: Oil market lacks USD 500 billion to ensure sufficient output Authorities suspect ship of causing major oil spill off California "Anything but shipping" drove progress at Stolt-Nielsen in third quarter ICS calls for target of net zero emissions by 2050 Growth plan to push Hempel into the global top ten of paint producers Stena joins new LNG collaboration EU court rejects Scandlines' appeal in Fehmarn Belt financing case Herman Billung on historically strong market: "Somewhat of a fairy tale" Australia bans dry bulk vessel for underpaying seafarers Stolt-Nielsen CEO expects imminent upturn in chemical tanker Pricing of container ships continues to climb despite fewer sales Hapag-Lloyd extends contract of COO for five years Nine people sentenced to prison in Singapore for extensive bunker fraud Veritas Petroleum Services warns of harmful bunker oil being used in major European ports At least seven shipbreaking fatalities in Bangladesh during third quarter Bourbon's Norwegian business booked major deficit in 2020 Yara explores ammonia bunkering and distribution in Japan China expected to up coal import in fourth quarter – promising sign for dry bulk Concordia Maritime secures new agreement for repayment of eight vessels Solstad sells seven ships for scrapping at Norwegian shipyards Investment firm Stonepeak acquires Canadian Teekay LNG Partners Oil steadies near seven-year high as OPEC+ sticks to output plan Seaspan receives first container ship with 69 more to come Secretary General at ECSA leaves post – two temporary replacements appointed Norwegian shipping families invest in offshore wind Investors start reaping the returns in extreme container market Belships expands fleet with two dry bulkers Fredriksen's Flex LNG projects booming rates after several tough years Coca-Cola charters three dry bulkers to ensure production Shipping expats turn their backs on Singapore due to strict lockdowns Dutch carrier orders methanol-powered offshore installation vessel Bottlenecks have put container capacity equivalent to CMA CGM's fleet out of operation Qatar places USD 760 million order with China for LNG vessels Prominent shipping profiles bound for Global Maritime Forum in London Ultrabulk Asia exec takes new top position in Dubai Höegh Autoliners orders world's largest car carrier from Chinese shipyard Lack of EU support strains DFDS' ambitious ferry project MOL exec ponders potential governmental intervention in container crisis Container rates decline after record streak Strong interest in second-hand vessels despite signs of weakness in Chinese economy Hapag-Lloyd scraps further LNG retrofitting of vessels: More expensive than expected Scan Global continues expansion with British acquisition Australia has seen "compelling evidence" of vessels violating environmental rules for ballast water Maersk and DSV see supply chain issues extend into 2022 Equinor unveils its tax payments Denmark, Norway and Sweden haven't submitted ballast water data to the IMO Rates in long-term container contracts up 90 percent Hapag-Lloyd open to acquiring more port terminals Norvic Shipping sees daily rates upwards of USD 40,000 for its 110 vessels High rates in store for capesize owners through the rest of the year Esvagt aims for two new contracts within US offshore wind Equinor valued at more than USD 78 billion OPEC expects rising oil demand towards 2045 Klaveness and Unifeeder test alternative fuels on vessels in operation Norwegian shipowner has traded ships for more than USD 1 billion New propulsion system can yield fuel savings of 22 percent Bunker Holding to invest in supply of sustainable fuels European Commission views LNG as crucial to achieving climate targets in shipping CMA CGM expands air division with two new Boeing 777 freighters Shipowners to gather during climate summit to discuss decarbonization efforts in shipping Danish Shipping supports proposal to postpone deadline for ballast water data Union Bulk reaps the rewards of expensive commodities and high container rates Container carriers' geographic focus remains unchanged despite increased capacity on major routes Hapag-Lloyd buys stake in Wilhelmsen container terminal Los Angeles chief: West Coast ports need more funds Bawat CEO: "Unfortunate" if submission of ballast water data to IMO drags on Schedule reliability among container lines drops to historic low Broker Cleaves upgrades bulk forecast for the rest of the year K Line signs sustainable loan to invest in decarbonization TotalEnergies says global oil consumption will plateau before 2030 Norwegian investors buy drilling rig for less than 1 percent of original cost Klaveness CEO expects that the next MEPC meeting will produce ... nothing Credit rating agency tests 70,000 ships' impact on climate Orders for container newbuilds reach record high Maersk sells container factory MCI to Chinese CIMC Seaspan orders ten new container vessels Prominent Norwegian group behind new large ammonia facility for shipping Carriers and customers put aside mutual "disloyalty" by opting for longer contracts Container shipping across the Atlantic has gone up more than 200 percent Former BW LPG chief exec takes over as CCO at Synergy World's key ports hit hardest by delays Oil price reaches highest level in three years OSM lost to Synergy in battle over prestigious Maersk Tankers agreement 11 vessels involved in identity laundering to cover up illegal activities Peter Liese is the go-to when seeking to change EU's CO2 quotas Congestion keeps growing – 427 vessels idle in major container ports Danish Maritime criticizes new ballast water proposal: "We cannot support it" Strong demand has US oil imports on the rise Big recruiter says the shipping sector must use green transition as bait for talent Bank loans are becoming a headache for drilling companies: "It is a concern" Samskip strengthens Baltic activities through acquisition Norges Bank predicts sharper decline in oil investments next year Container spot rates continue to break records Shipping groups propose new deadline for submitting ballast water data to IMO Svitzer brings in global head of decarbonization from Hempel Christian Ingerslev to bank heavily on commercial management going forward Maersk buys stake in Silicon Valley electrofuel startup in race to ditch oil A.P. Møller Capital makes changes to board of directors Change of company ownership took new G&O CEO by surprise Hyundai Heavy Industries' new CO2 tanker design greenlit Synergy Group takes over Maersk Tankers' technical ship management business Several prominent investors involved in Portchain's new capital injection Norwegian oil lobby confident in continued extraction Shell to deploy electric ferries in Singapore K Line orders eight LNG-powered car carriers Maersk Tankers CEO views climate summit as a potential lever for IMO's efforts MSC buys air bubble system for 30 of the company's coming container vessels Bunker Holding on the hunt for acquisitions among largest competitors Borr Drilling to produce green hydrogen in North Sea Clarksons sees slow improvement in offshore sector Cosco aquires one third of Hamburg's Tollerort terminal Wärtsilä enters ammonia collaboration with Samsung Heavy Industries US ports climb list of largest container terminals Trafigura urges prompt climate regulation of shipping More than 150 maritime players call for alignment with Paris Agreement in shipping Ardmore points to one viable climate initiative for all ships BHP exec finds that congestion in supply chain is "eating up" bulker capacity OECD expects substantial growth in global economy in 2021 Maersk exec considers the supply of green methanol a "fundamental challenge" Flexport far from reaching ambitious target of leveling up to logistics majors Mikael Skov views dual-fuel engines as too expensive for mid-sized product tankers Norway's petro export hits highest level since 2008 FMC continues investigation into eight carriers' fees EU aims to include entire value chain in carbon accounting for new fuels ConocoPhillips to buy Shell Permian assets for USD 9.5 Billion CMA CGM has informed customers following data leakage Stena Line to deploy electric ferries German environmental group demands prodution shutdown from Wintershall Dea Anglo-Eastern CEO calls treatment of seafarers "absolutely shameful" Clipper vessel heavily damaged after collision China boosts soy import from Brazil DFDS expects slow growth in passenger traffic on the English Channel Container vessels spend more and more days waiting off major ports MSC places bid for Brazilian carrier CMA CGM hit by new cyberattack Authorities find no evidence of collusion between container carriers Hyundai Heavy Industries' IPO debut garners major capital injection Hapag-Lloyd seafarers spent more than a year aboard vessel Banks predict more upgrades from container carriers 141 ships are waiting off major ports in US and China Green politicians call for removal of LNG on EU shortlist of new fuels Two dry bulk carriers raised share value by more than 150 percent this year Cosco reaches settlement with furniture group in spectacular case – without MSC Ikea: Shipping plays a vital role in reaching climate neutrality in 2030 Søren Skou eyes a strong market for the rest of the year Daily rates climb on European routes Maersk upgrades guidance once again – expects major billion-dollar profit for 2021 Chinese ports resume activities after being shut down by typhoon MSC aims for climate neutrality by 2050 Only one flag state has submitted data on ballast water to IMO Blue Water Shipping takes on Canadian expansion Shipping insiders caution against new capacity as prices surge FMC to issue new guidance on detention and demurrage Chevron triples green investments to USD 10 billion Søren Toft: "We've done our utmost to ease the operational stress" Chinese coal import from Australia drops 98.6 percent Equinor CFO: Oil and gas "cash-engine" drives renewables portfolio H&M Group includes all new fuels, even LNG, in ocean transport HSBC projects significantly higher earnings for Maersk in 2022 DFDS exec aims for growth in logistics following acquisition Norwegian trade organizations concerned about Norway's shipyard industry Fredriksen sells seven dry bulk vessels at big profit Piracy in Gulf of Guinea is a source of concern for shipping despite fewer attacks Professor: US and China should reach a compromise and end trade war Carriers cancel nearly half of sailings between China and Middle East DFDS initiates integration of HSF Logistics Reform of US shipping act to be processed in December at the earliest Sustainable ship financing has grown considerably in one and a half years Shipping in the initial phases of solid super cycle, execs say European Commission Director defends ETS and FuelEU initiatives Competition authority launches investigation into Australian port operators Subsuppliers critique Vestas, Ørsted for sourcing towers from Asia Danish ministry admits to "considerable uncertainty" when calculating state aid for shipping CMA CGM to invest in Brittany Ferries Norway's incoming government pledges to offshore wind, while oil could sow strife Study points to Mexico as obvious choice for green fuel supply Congestion grows – 59 container vessels queuing up off Los Angeles OPEC sees stronger demand for oil this year and next Prosafe's deferral of debt extended into 2022 CMA CGM and Hapag-Lloyd's spot rate freeze is a "sensible first move" Unilever has become an important factor in shipping's green transition Niche container lines are far more reliable than the majors Røkke sells Ocean Yield to US-based asset manager Harvard's USD 42 billion fund to stop investing in fossil fuels Oslo Stock Exchange shows 2021's winners so far in an extreme shipping market New tanker vessels cost more despite low orderbook British shipowners call for zero carbon emissions by 2050 Maersk has most of its customers on long-term contracts Container lines take steps to curb the extreme market Søren Skou calls for ban on oil-fueled vessels Oslo IPO to finance future growth at Western Bulk US West Coast export drops to lowest level in years while bottlenecks continue Amazon, Ikea and Walmart join new FMC shipper committee Container rates trend upwards for 18th week in a row Exmar reports growth after sale of vessels Evergreen orders 24 container vessels – the second highest newbuild count relative to fleet CMA CGM freezes spot rates until February 2022 Anglo-Eastern enters green partnership with Lookout Maritime CMA CGM partners up to make substantial investment in Abu Dhabi's largest port Prominent prosecutor to lead spectacular lawsuit against Dan-Bunkering Golden Ocean orders three new vessels Equinor and Vår Energi join Horisont Energi in major ammonia project Bunker One establishes bunker service in Mauritius The number of cyber attacks against maritime companies quadrupled last year Maritime regulators discuss competition in strained freight market Tanker vessels below break-even as pandemic drags on Drewry on Guinea: Bauxite export will continue despite military coup Thor Stadil acquitted in long-running legal battle Container shipowners cash in on high charter rates TotalEnergies reshuffles executive committee Wärtsilä CEO calls for urgent political action to decarbonize shipping Denmark wants to halt global oil exploration with new alliance DFDS plans to launch its first green ship no later than 2025 Peter Sand lands new position at Norwegian analysis platform Scan Global Logistics enters its 7th acquisition this year Maersk joins Buffett to invest in startup promising green fuel Fredriksen's shipowner buys vessels in weak tanker market Upturn in multipurpose driven by container and offshore wind Strong demand pushes up price for car carriers ICS and Bimco appear to be out of sync on global carbon levy Oslo-listed shipping companies improve their ESG rating Bjørn Højgaard: Nuclear power is required to reach climate target before 2050 Smaller Dof investors oppose debt restructuring Hyundai Heavy Industries sets IPO price Military coup threatens crucial export of bauxite Scan Global lands sixth acquisition this year with takeover of New Zealand freight forwarder Container lines earn at least USD 500 per container in second quarter of 2021 EU approves DFDS' acquisition of HSF Logistics FMC to investigate discrimination against hazardous chemical products IUMI reports improvement in marine insurance market – cautiously optimistic ICS proposes global carbon levy to accelerate green transition Delivery of new container vessels extends into 2025 This is your shipping calendar for December 2022 Hempel completes new acquisition on path to growth target Russia lifts restriction in Northeast Passage Western Bulk seeks listing and private share offering European container ports significantly less impacted by congestion Saudis cut oil prices to woo buyers as OPEC+ boosts supply US court approves Seadrill's reorganization plan This is your shipping calendar for November 2022 This is your shipping calendar for October 2022 This is your shipping calendar for September 2022 This is your shipping calendar for August 2022 This is your shipping calendar for July 2022 This is your shipping calendar for June 2022 Noble declares force majeure on drillship following Hurricane Ida Scan Global roars ahead in the first half of 2021 and upgrades guidance Verdict due soon in long-running lawsuit against Thor Stadil Container rates set new record for 17th week straight A notice from the government gave Torben Carlsen time to prepare DFDS for the lockdown World's first green ammonia terminal receives governmental grant Fjord Line fears protected natural areas could thwart investments in fast ferry Maersk Oil Trading hires new head from Monjasa Canadian Fednav orders ten dry bulk vessels OOCL orders ten new container vessels Distinguished analyst to spearhead new shipping hedge fund Subsea 7 and OHT form management team for new wind merger Ships account for 13.5 percent of greenhouse gases in European transport Appeal case involving Norwegian shipowner heads to court next year 376 container vessels queuing off ports around the world Maritime software developer acquires Oceanbolt Ikea buys its own containers and charters its own vessels HMM makes peace with seafarers in wage dispute Odfjell Drilling CEO warns that drilling industry clean-up comes too late Increase in capacity hasn't eased pressure on container market, say shippers NTG upgrades forecast following acquisition Seaspan to deliver another five LNG container ships Golden Ocean to freight containers in strained market Italy's Rina group acquires tech supplier DNV Maritime CEO: Ammonia and methanol will first be widely available in the next decade Covid-19 outbreaks trigger logistics disruptions in Vietnam and Malaysia Prosafe files for restructuring proceedings in Norway New Clipper CEO is on track for the carrier's best result in years Concordia bags additional liquidity through vessel sale New strategy and management at Ultrabulk to underpin sustained upturn in dry bulk More seafarers vaccinated against Covid-19 Orders for ships with alternative fuel systems have doubled in two years Per Lange bows out: "After 40 years in shipping, I deserve a little more time with my family" A majority of new container ship orders feature scrubbers MAN Energy Solutions expects to see dual-fuel make up half the market in 2025 TotalEnergies says worst Covid trouble for Tyra has passed Oil heads for biggest monthly loss this year before OPEC+ meet Havyard's orderbook shrinks significantly in first half of 2021 Nordic American Tankers open to fleet expansion Prosafe following new court defeat: Restructuring continues unaffected Borr Drilling expects to deploy more rigs in 2021 Cosco sees huge jump in profits in the first half of the year Per Lange steps down as CEO as von Appen family takes the reins of Ultrabulk Port of Hamburg reports significant volume growth in first half Mikael Skov dismisses overcapacity in tanker market despite profusion of red figures Hapag-Lloyd places order for 75,000 containers in China Can Maersk achieve schedule reliability of 90 percent by the end of the year? Svitzer appoints new head for Germany and Scandinavia Hafnia suffers loss for the third consecutive quarter Analyst firm projects significant capacity injection between Asia and North America Golden Ocean CEO expects 2022 to turn out even better with booming dry bulk upswing Prosafe loses court battle for hotel rig CMA CGM sees earnings growth of 280 percent in the second quarter Tropical storm Ida slashes oil output on path to hit Louisiana Norden's employees came together via fitness app during the pandemic Police raid several shipowners in case concerning illegal scrapping Tax provision drags Höegh LNG further into the red Maersk's methanol ships need more than all of Denmark's available output of renewable energy Container rates set new record for 16th week in a row Long-term contracts triger profit for Sovcomflot in strained tanker market OHT books small deficit ahead of merger with Subsea 7 Navios merges to form shipowning giant on the NY Stock Exchange Ziton's board open to potential sale Noble Corp trims fleet of drilling rigs Delayed container ships are a week behind schedule Robert Uggla acknowledges dilemma involving unavailability of green fuel for new Maersk fleet Siem Offshore calls for further consolidation in the market for offshore vessels BW LPG finds that newbuild orders cloud gas market outlook Odfjell Drilling sees growth from increased exploration Covid-19 pandemic hits Color Line with new deficit Tanker carrier Hunter saw negative daily rates in the second quarter HMM seafarers have deposited their letters of resignation and sent CVs to MSC Golden Ocean books huge profit in the second quarter Frontline enters the red in dismal tanker market 2020 Bulkers boosts earnings following conversion of charter deal Europe's first green investment fund for shipping is ready Four of the world's largest dry bulk operators earned USD 408 million in six months MAN hopes Maersk order will spur interest in methanol engines MSC and Hapag-Lloyd won't veer from fuel plans Solstad Offshore expects to sell 25 vessels within 2021 Dof exits second quarter with profit while chasing rescue plan Eight container carriers generated USD 25 billion in operating profits in first half Hundreds of ships stand in the way of upturn in OSV market Rio Tinto resumes operations in South African mine John Fredriksen disposes of Seadrill shares Growth in offshore wind division secures Boskalis a profit Solstad books another deficit despite better contracts Equinor receives order upon "serious" regulation breaches Tanker market is on the rise after bottoming out – earnings to turn black in 2022 Maersk requires 360,000 tonnes of green methanol a year for its new container fleet Newly appointed managing director at V.Group predicts sustained LNG growth over the next 20 years Panama Canal maintenance risks causing delays for tanker vessels Cadeler triples revenue in first half of the year Maersk places order for eight container vessels Ships resume docking at Ningbo port after two-week shutdown DSV on bottlenecks: "Out of control at the moment" Prosafe's management disposes of all shares Hard-pressed Dof secures work for more offshore vessels Equinor and Maersk Drilling maintain membership in controversial oil lobby Nordic Shipholding set to turn the key, as merger plan founders Skyrocketing Baltic Dry Index has doubled in a year Committee recommends zero-emission investment targets for Norwegian oil fund The majority of Norwegian oil remains below the ocean floor MSC and Maersk's 2M alliance loses market shares on US-Asia route Can Maersk achieve schedule reliability of 90 percent by the end of the year? Navig8 Chemical Tankers completes name change Fredriksen's holding company to launch bid for Avance Gas Transocean and Dolphin Drilling make billion-dollar bid for Seadrill's rig fleet New Covid-19 outbreak hits China while queue of container vessels grows off Long beach Maersk Drilling CEO calls for scrapping of up to 50 floating rigs A message from the COO made Sveinung Støhle extremely relieved: "That was a milestone" OOCL's half-year result soars on par with competitors "Cheap money" paves the way for acquisition wave in logistics Head of Valaris steps down – interim CEO has been appointed Hamburg Commercial Bank is back to profiting from shipping and expands its maritime activities Seadrill suffered USD 600 million loss in first half of 2021 Maersk Drilling books profit following guidance upgrade MPC Container Ships raises guidance after strong second quarter Maritime & Merchant Bank declares tanker the big joker in shipping DFDS is unfazed by competition from Irish Ferries in the English Channel Weak market for chemical tanker results in third quarterly deficit at Odfjell DB Schenker rejects DSV comments in an internal memo: No grounds for a hostile takeover 2.7 million containers queued off the world's ports – Ningbo shutdown worsens bottlenecks Zim upgrades guidance significantly after landing major profit in second quarter DP World reports growth in hot freight market during first half year Rindbo sees tangible improvement in tanker pushed to 2022 Norwegian investor takes big loss from Transocean in 2020 This is your shipping calendar for April 2022 This is your shipping calendar for May 2022 USD 80 million sits between Norden's best and worst scenarios for 2021 Port of Los Angeles sees rise in handled container volumes for the 12th month in a row Wallenius Wilhelmsen has brought stacked vessels back into operation 30 "superjumbo" container vessels expected to launch in 2023 Higher steel prices and lower sales result in red figures at DSME Lauritzen Bulkers set to book first profit since 2010 following market boom NTG struggles to find room on board container vessels Belships posts black figures on the back of major market upturn Norden delivers best quarterly profit in six years Woodside and BHP form new energy company DHL acquires German logistics company Eneti delivers profit and leaves dry bulk for good DFDS is paying a heavy price for EU's review of HSF Logistics takeover Norwegian authority criticizes safety on Maersk Drilling rig DSV's acquisition leads to new regional management and layoffs China port congestion worsens as Ningbo shuts for seventh day Northern Drilling cancels contract with DSME Newly merged BW Epic Kosan's results hit by higher costs Lower freight rates pull down Flex LNG Maersk Container Industry expects third consecutive profit in 2021 DFDS reports growth in second quarter – maintains expectations NTG quadruples its bottom line in "extraordinary" freight market DB Schenker calls for temperance in purchase speculations This is your shipping calendar for March 2022 An open invitation from DSV can be the first step towards the world's largest logistics company Esvagt buys vessels from major Nordic banks Chaotic container market sees new carriers enter the scene Analyst casts doubt on super cycle in dry bulk Odfjell sells ships and exits gas market Shipping bank stepped up loan disbursement in first half of the year DSV announces DB Schenker as potential acquisition candidate Oil companies to produce biofuel in existing plants DSV Panalpina completes billion-dollar acquisition and raises guidance World's third-busiest port remains partially shut in China This week's top stories on ShippingWatch Climate scientist on green transition in shipping: It's coming – with or without legislation Maersk Tankers' HR chief: "I think people are more reticent to approach conflicts in a virtual context." Container rates set new record for 14th week straight Five ships were hit by armed robberies in Asia during July HMM doubles its revenue in second quarter Euronav CEO calls on shipowners to scrap more than 50 vessels Okeanis Eco Tankers reports big decrease in charter rates Oil pares weekly gain with Delta variant concerns hanging over market Viking Supply Ships eyes clear signs of recovery in 2022 Concordia Maritime gets approval for rescue plan following another major loss Queues of dry bulk vessels off China reach highest level in seven years Dry bulk vessel snaps in two after grounding in Japan CMA CGM notifies customers of delays following terminal shutdown in China New figures show low rate of vaccinations among seafarers Alarming climate report touches a raw nerve on LNG use Euronav points to uncertain prospects for tanker recovery Hapag-Lloyd foresees easing of overheated market in 2022 at the earliest Dutch company kicks off big decom program in North Sea Svitzer adds two tugs in extended contract with Suez Canal Authority Major Chinese port closes container terminal as a worker tests positive for Covid-19 TFG Marine puts a figure on its bunker volumes Vestas struck by historically high transport prices The container market won't normalize materially until far into 2022, says FMC chair Golden Ocean leaves Capesize pool Hyundai Heavy Industries indicates share price for IPO CMA CGM sued under special US law on Cuban trade – Maersk, BBC and DSV hit by similar cases Fewer container vessels had scrubbers installed in the first half year US politicians will force carriers to prioritize US export with new bill Tidewater forecasts improvement despite new loss Media: Esvagt put for sale by owners Torm tempted to make more acquisitions in weak product tanker market Analyst firm predicts major rise in reefer rates Wilhelmsen family member's demand for investigation gets denied by court DHT drydocks vessels during weak tanker market Seaspan-owner Atlas Corp raises its full-year guidance Torm swims against the tide and books second quarter profit despite weak market International Seaways eyes signs of improvement for hard-pressed sector DB Schenker warns container lines against entering logistics Saudi Aramco follows big oil competitors as profit surges Maersk appoints new Chief People Officer Seadrill and Northern Ocean announce settlement over rigs Port congestion reaches record level following slight improvement in the spring UN panel: Global temperature will soon exceed critical threshold Maersk CEO sees no risk of intervention in container market TotalEnergies mulls stake in world's largest offshore wind farm Thor Dahl Shipping makes bank on sale of three older container vessels in 2020 Container boom generates chaotic upturn for multipurpose and heavy lift sector Dearth of investments in container ports is a growing problem in the industry Navig8 Chemical Tankers is set to change its name Lise Demant views the pandemic as a lesson in true people management Maersk reports big growth in logistics – but very little came from new acquisitions This is how Maersk will spend its billions of dollars in the coming years Star Bulk keeps growing in booming dry bulk market Container rates increase for the 13th consecutive week Daughter of Hin Leong Trading founder charged in major fraud case Eagle Bulk delivers its best operating profit yet Maersk books record results and announces new acquisitions "Shocked" MSC denies allegations of collusive manipulation of container market Seaspan extends charter agreements for ten container vessels Japanese companies test out first carbon capture system aboard vessel Eneti acquires Seajacks in drive to become leading wind carrier Scorpio Tankers posts another major loss and predicts a grim tanker market for the rest of the year DHL's logistics division reaps the benefits of supercharged freight market Teekay Tankers goes red but eyes recovery in the long term Esvagt strikes huge deal with Totalenergies Western Bulk aims for listing in third quarter FMC fast-tracks inquiry into eight container carriers' extraordinary surcharges Daily rates on multipurpose market doubled in a year Noble reports further losses in second quarter Azane Fuel Solutions was created during the pandemic using Teams Earnings keep sliding for Dorian LPG Rolls-Royce sells engine supplier Bergen Engines DB Schenker defends carriers in red-hot container market MOL orders four LNG-fueled car carriers – and aims for 90 vessels The lucrative east-west routes have attracted many vessels New suspected attack on freight vessel in Gulf of Oman Dry bulk operator Diana Shipping books first profit in two years Ten pirates sentenced to years in prison in Nigeria Shipowner Danaos secures contracts at high rates through next year With two fatalities, shadow war escalates to new dramatic stage for shipping companies High freight rates in container market drive up consumer prices Maersk estimated to have war chest in the range of USD 30 billion BP's sales grow, earnings drop Restructured Valaris eyes beginning of upturn after pandemic Transocean expects drilling market to improve in 2022 Maersk upgrades its full year expectations massively US furniture shipper sues Cosco and MSC for "manipulating" container market Delta variant brings uncertainty to prospects of tanker upturn Scan Global Logistics closes in on new acquisition Maersk Tankers and Cargill's bunker venture is operational and now has a name WinGD initiates research project to bet on ammonia and methanol Subsea 7 boosts bet on offshore wind with new acquisition Petoro sends more than USD 6 billion into Norway's Petroleum Fund Inmarsat to attract maritime customers with new satellite communications network US blames Iran for ship attack, plans ‘appropriate response’ This is your shipping calendar for February 2022 Hapag-Lloyd upgrades its full-year forecast Profits dip at World Fuel Services despite progress in first half of the year René Kofod Olsen views technology as a complement not a replacement Chevron revives buyback with USD 3 billion pledge after oil rebound Italian d'Amico forecasts stronger tanker market due to low orderbooks Port congestion and sky-rocketing freight rates hit Barbie Safe Bulkers' daily rates have risen from USD 8,000 to USD 21,000 in a year This is your shipping calendar for January 2022 ONE sees significant progress in the last three months MAN finds German partner for green hydrogen production Container reliability worsened in June Finnlines sees gains despite Covid-19 restrictions New Pacific Basin CEO presents strategy in first public appearance Norway has signed the Paris deal, yet drilling on the Norwegian shelf is not slowing down DSV Panalpina says market normalization could easily drag out to 2023 TotalEnergies delivers big-time growth in the second quarter Shell benefits from oil recovery Oil prices and production send Lundin skyward DSV Panalpina upgrades expectations for the full year 2021 Shipping faces critical shortfall of officers Hapag-Lloyd adds 10 more vessels to its orderbook from Greek owners Freight volumes drop "significantly" to pre-pandemic levels Novozymes wants sustainable shipping but is unwilling to pay extra Ardmore hopes for low growth in the number of new product tankers Higher revenue did not save Subsea 7 from a loss on the bottom line Rio Tinto returns 75 percent of its profit to investors in half-year payout Equinor lifts profit in second quarter Sea freight is expected to boost half-year revenue at DSV The 'new' Seadrill estimated to be worth 1.2 billion dollars Demand predicted to grow for specialized vessels to install and upkeep offshore wind Wintershall Dea nearly doubles profit from Covid-19 quarter MAN to supply methanol engine for Maersk's CO2 neutral container vessel BP to collaborate with Maersk's research center on alternative fuels Sea Cargo Charter expects to raise ambitions in first half of 2022 Singapore ups competitiveness within offshore and marine South Korean shipyard gears up for sea trial of autonomous LNG vessel Belgium vaccinates foreign seafarers calling on ports Port of Rotterdam sees gains from container market upswing Transport & Environment demands firm EU targets for maritime fuels Equinor to produce hydrogen in North Sea 67 people fell overboard as a wind turbine installation vessel capsized Hutchison Port Holdings reports growth in first half after pandemic impact Dry bulk boom could last all the way into 2023 Five carriers raise huge sums in sustainability-linked credit facilities DP World forms joint venture for new route through the Arctic Seadrill lands comprehensive restructuring deal WHO lists seafarers as a prioritized group for vaccination Last week's top stories on ShippingWatch The pandemic reminded Ulrik Andersen to avoid micro-management Analyst points to "strong probability" of another upgrade for DSV Engine-maker WinGD helped by container surge after hitting decade-low NGO and asset manager urge shipping industry to invest in green initiatives Container rates climb for 11th week straight Oil closes out wild week with rally intact as bulls fight back Solstad Offshore lands three new contracts Wärtsilä CEO points to flexible technology as shipping's path to green transition American shipowners view EU quota plans for shipping as threat to global initiatives Carriers faced two major challenges following Brexit – one of them still looms Port chief sees US import surge "easily" lasting into 2022 France's TotalEnergies and Technip to explore low-carbon LNG International Seaways adds ten ships to Norden pool Flat opening in oil market with diverging impulses Stena orders several new E-Flexer ferries Smaller exporters are still plagued by Brexit – whereas larger ones see challenges dwindle FMC launches audit unit to examine container market Scrubber suppliers tie their hopes to surging oil price South Korean yards hit by higher steel prices in second quarter Record-low retail inventories keep US container import under pressure Shipping lines scrap far fewer container vessels Singapore's grip on Asian bunker market challenged by China Shell appeals historic climate verdict Fire on Stolt Tankers vessel ignited due to incorrect storage of cargo Climate plan positions EU as the lead of climate regulation in shipping Report lists top polluting US retailers based on emissions from ocean freight Maersk Broker and McKinsey partner up to help shipping with green investments MSC and Oldendorff join methanol association Alfa Laval notes higher activity in second quarter Trøim's new dry bulk venture headed for Oslo's OTC exchange Wärtsilä's orderbook grows in first half of the year Sea freight soars at Kuehne+Nagel Supertankers without scrubbers book lowest earnings in two decades DNV to examine risks of offshore hydrogen production Dof secures two contracts in Brazil Scrap prices surge in busy shipping market MOL buys stake in methanol freight firm to boost the alternative fuel Logistics companies prepare for stricter customs system in the next phase of Brexit Panama Canal transits rise as world trade recovers from pandemic International Seaways finalizes acquisition of Diamond S Oil retreats after OPEC+ seals pact to loosen the taps into 2022 Last week's top stories on ShippingWatch European ports support EU's climate plan, but with reservations Joint venture to build world's first ammonia bunkering facility in Norway Eimskip appoints new CFO Container rates surge for the tenth week in a row Shell and MSC join forces for LNG push in shipping Anders Onarheim took over as CEO just as the world closed down Cosco orders ten container vessels Ever Given's owner braces for "thousands" of legal claims EU Commission takes climate plan a step further than carriers hoped for Aker companies improve results in second quarter Svitzer bags long-term agreement with LNG company X-Press Feeders makes initial payment to Sri Lanka in compensation case Port of Los Angeles predicts high consumer demand for the rest of 2021 "World's biggest climate free-loader" to "EU overreach" - reactions to climate plan range broadly Digital venture Zeronorth makes acquisition Maersk to redesign ocean network in West & Central Asia Maersk supports most parts of the new EU plan Shipowner Danaos acquires six container vessels Confirmed: Here is the EU's climate plan for shipping Siem Offshore finds new CFO internally Ceva head on extreme freight market: "I doubt that we'll ever see it again" Container market is putting pressure on Denmark's largest port Wärtsilä expects to have ammonia blend engine running this year The price of new container vessels skyrockets Concordia Maritime open to fleet sale with rescue plan Trøim raises USD 30 million for new dry bulk venture Aker's hydrogen venture sets off in deficit Noreco closes second quarter with stronger results Ceva has reviewed contracts and looks to broaden its business in major turnaround Kuehne+Nagel appoints new managing director of Singapore and Malaysia divisions Shipping chaos here to stay with most seafarers unvaccinated IEA warns of much tighter oil market unless OPEC+ boosts supply DNB reverses past impairments from shipping customers in first half of 2021 Media: EU to seek medium-sized model for climate regulation in shipping Aker Offshore Wind deepens deficit FMC signs MoU after Biden's intervention in container industry DFDS' freight volumes climbed in June HMM secures financing for eight newbuilds Analyst firm warns that stagnation in global trade could threaten carriers Piracy against merchant vessels falls to lowest level since 1994 Carriers in response to Biden: US demand is to blame for high rates and delays Singapore implements stricter rules for crew changes Cobham Satcom expects tripling of revenue: "The growth has come as a surprise" Shell enters Norwegian hydrogen project Global Maritime Forum expects to hold annual meeting in London this fall Biden emphasizes the need to open competition in the shipping industry Container rates climb to record levels for the ninth consecutive week Last week's top stories on ShippingWatch Shipping investor Tor Olav Trøim and management buy shares in Borr Drilling DP World takes another step forward in logistics with acquisition bid New FMC chair prefers that shipping comes up with its own solutions Fire extinguished following explosion aboard vessel in Dubai's Jebel Ali port Biden to urge FMC to crack down on unfair competition in container market Kuehne+Nagel makes acquisition in Norway Rates for US-bound freight approaching 10,000-dollar mark Navigare sells off vessels for the first time Hapag-Lloyd completes acquisition of Dutch container carrier Cosco expects to add billions of dollars to its half year profit With the next generation set up in management, USTC aims to scale up OHT and Subsea 7 join forces to target wind installation Blue Water appoints Ørsted profile to lead renewables division in US Solstad secures work for five vessels DHL raises its expectations for 2021 MSC closes in on position as world's largest container line Shell and Uniper team up to advance European hydrogen Bunker One increases its physical operations in "most challenging year" Ever Given now sailing from Suez Canal three months after grounding Unifeeder surpasses X-Press Feeders after long awaited acquisitions Report points to ammonia as best alternative fuel choice for shipping Capesize vessels profit from longer coal transports Container lines' buying rush rains on yards and brokers Zim and Seaspan strike yet another deal for LNG-fueled newbuilds Euronav teams up with shipyard to build ammonia-fitted vessels Fred. Olsen Windcarrier wins Vestas contract 35,000 vessels still lack ballast water systems a few years before deadline Aker Solutions secures big contract for subsea business Crashed Hamburg Süd vessel expected back in operation soon CMA CGM teams up for collaboration on bio-LNG production Container market primed for bonanza in 2021 Team Tankers has delivered seven out of eight vessels to Torm Sail-maker Anemoi aims for 50 installations per year in 2025 Shipping lines responsible for massive CO2 emissions in 2020 according to EU OPEC+ shows no signs of healing rift just before talks resume Container carriers plan for record capacity during peak season World's most talked-about canal sees top line soar in first half of 2021 Unifeeder finalizes much-awaited acquisitions MSC Chief Executive sees bottlenecks and crowded terminals last well into 2022 Shareholders of container carriers gained extremely high returns in past 12 months Navig8 Chemical Tankers enters sale and leaseback agreement with Chinese company Global Maritime Forum expands management and creates new CEO role Ever Given set to leave Suez soon following settlement Oil fund warns that climate targets could threaten returns Hafnia secures three-digit million-dollar loan agreement Bestseller's CO2 agreement with Maersk comes with additional cost Seadrill subsidiary lands rescue plan – hedge fund is critical The US has vaccinated more than 20,000 seafarers New DFDS rival on Dover-Calais starts by lowering ticket prices OECD adopts historic agreement on global minimum tax NTG raises its guidance for 2021 Aker Solutions forms new offshore company with AF Gruppen Twice as many container vessels changed hands in first half of the year than in 2020 Growing number of pirate attacks on ships in Singapore Strait MAN to supply more Hapag-Lloyd ultra-large vessels with engines Turning point in dry bulk has shipowners dreaming of multiple-year boom 800 Stolt Tankers seafarers to be vaccinated in third quarter Indicator shows worsened crew change crisis DP World buys logistics provider Charter cost has tripled for Unifeeder compared to last year Kuehne+Nagel sells a fourth of Chinese freight forwarder Maersk selects shipyard to build CO2 neutral vessel Seaborne trade is now higher than before Covid-19 lockdowns Oil set for best half since 2009 as demand recovery accelerates Maersk exec put on blast in US for sharing enthusiasm about BMW service Rio Tinto suspends work in South African mine and declares force majeure V. Group brings in new head of LNG activities from Shell Cadeler picks Chinese shipyard for large order for new wind installation vessels Bunker Holding reports significant decline during Covid-year Monjasa expands in the Middle East with new collaboration Three container lines stand out as winners in fight for extra capacity CFO resigns from Siem Offshore Borr Drilling receives warning from New York Stock Exchange Norden on dry bulk after yet another upgrade: "It's pretty intense" Belships signs new contracts at higher rates Esben Poulsson to step down as ICS chair in 2022 – Grimaldi set to succeed him Retail group enters agreement for CO2 neutral freight with Maersk Alfa Laval and Wallenius team up to supply wind propulsion systems Engine manufacturer benefits from order wave in container segment Lloyd's Register sells business to increase focus on maritime industry Frontline adds more supertankers to fleet Norden upgrades forecast again HMM places billion-dollar order for 12 new container vessels Seaspan places another large order and now has 45 newbuilds on the way CMA CGM skips large French port following "heavy congestion" 545 container vessels more than two weeks delayed in 2021 Green Hydrogen Systems' CFO announces resignation Supplier to provide LNG pumps for 22 container vessels Bunker surcharge generates major earnings for container carriers amidst record year USTC-owned Uni-Tankers goes into the red again Pioneer Marine announces dissolution and fleet sale Bunker decline shaves off a third of profit at Selfinvest Six days in Suez: The inside story of the ship that broke global trade Quarrel between pilots may explain Ever Given's grounding Blue Ocean Capital hires APM Terminals profile for top position Cyprus to vaccinate 40,000 seafarers Trade union reprimands shipping industry for lack of seafarer rights Green EU politician is optimistic about climate policy for shipping Every single vessel must prepare annual carbon report for the EU Nigeria to remain on insurers' riskiest waters list despite plea Hamburg Süd removes cargo from damaged container vessel in Brazil Evergreen expects release of Ever Given to take time Offshore carriers move away from traditional markets to focus on offshore wind Stadil-owned Thornico group sued after trouble in bankruptcy estate Seaspan to charter 17 container vessels to Cosco Prosecutor files additional 105 charges against Hin Leong founder Keppel and Sembcorp Marine begin negotiations on shipyard merger ONE and Hapag-Lloyd commit to Tradelens Star Bulk restructures debt and saves interest costs South Africa could become leading hub for developing zero carbon fuels Aker considers expanding factory to supply shipping with green ammonia Norwegian bank predicts consolidation wave in drilling over the next year NGO: EU proposal for Green Deal locks in fossil marine fuels Søren Toft highlights weak infrastructure as biggest challenge for container market Seaspan orders two new container vessels Norway awards oil licenses to seven companies NGO conditionally accepts green ammonia as the future fuel for shipping Collusion case involving Eimskip and Samskip is "without precedent" Insurer announces agreement on Ever Given after long-term dispute Sterling Shipping CEO on new dry bulk venture: "We're a small fry" It will take months to clear stacked containers in Yantian MPC Container Ships open to more acquisitions Partly Maersk-owned Höegh Autoliners considers a potential listing Global demand for marine fuel declined in first quarter of 2021 Oil climbs above USD 73 with report pointing to falling stockpiles MPC Container Ships acquires Arne Blystad's Songa Container Unifeeder wastes a fourth of its capacity on waiting at congested terminals Norwegian Shipowners' Association accuses IMO of lacking leadership CMA CGM's owner family sticks to target of expansion Søren Toft warns that the EU's CO2 plan will lead to greater emissions Hapag-Lloyd places order for six new megaships Container chiefs' exclusive Box Club now closed down Portchain to find fresh capital and double in size this year Shipping banks feel the pressure to live up to green targets Cadeler readies fleet to lift larger wind turbines Maersk Supply Service secures biggest project contract so far KPI Oceanconnect increased market share in 2020, though earnings went down Several countries to dispatch warships in fight against pirates in the Gulf of Guinea CMA CGM launches five-point strategy towards transforming the company German shipping is finally out of the woods Bottleneck forces Hapag-Lloyd to skip Port of Rotterdam ONE owner upgrades full-year forecast by 120 percent Hamburg Süd vessel collides with quay in Brazil Customers can expect new rate increases on the Pacific in coming weeks Eimskip admits to "collusive behaviour" with Samskip in longstanding competition case Royal Arctic Line fears large extra bill following Arctic fuel ban Ever Given owner makes counter-offer in Suez Canal dispute Shipowners and NGOs blast IMO's "hopelessly weak" climate result Klaus-Michael Kühne expects normalized freight market in second half of 2021 Maersk believes the IMO suffers from a "fundamental divide" Norwegian investor buys shares in rig company Transocean Political majority allocates funds to hydrogen project MEPC proceeded as expected – and herein lies the problem for shipping Ulstein Group reports stronger operating profit for 2020 Argentine port workers strike for access to Covid-19 vaccines Tradelens hopeful that major Maersk rivals will soon be integrated Shell jumps aboard Norwegian offshore wind tender New electronic payment system will make banking easier for seafarers Hafnia partner drops environmental appeal and cancels lease for large methanol project Denmark and Norway are top performers on international port state control list EU Commission rejects action against overheated container market Maersk's digital venture Tradelens has embarked on Chinese roll-out Nuclear startup hires profile from Maersk Drilling SDK Freja targets specific acquisitions following "best ever performance" Ardmore joint venture to promote hydrogen despite skepticism in the industry US consumption causes busiest period to date for ports in LA and Long Beach Analyst firm: Shipping industry paid only 7 percent in taxes for 15 years DSV Panalpina reduces scope of exclusive transportation deal with Vestas Chinese coal shortage endures and boosts earnings in dry bulk market "Two major problems undermine the IMO's role as regulator of the shipping industry" Transocean secures work for two rigs in Norway Dan-Bunkering boosts earnings before tax by 28 percent Yantian hurts reliability more than Suez despite rising activity Climate scientist calls on Poseidon Principles to embrace far higher ambitions Brussels leans towards limited scope for the inclusion of shipping in ETS Norden to gather USD 100 million in bond issuance Currency losses and tax bill send Clipper Group in the red Esvagt receives an additional DKK 200 million for US wind venture Belships seals deal to purchase Japanese-built Ultramax bulk vessel Bunker company Peninsula secures two-year credit of USD 350 million US and EU lament the IMO's carbon plan but settle for low ambitions Ziton must raise new capital following breach of loan requirements Irish Ferries announces start date on Dover-Calais route Busiest season for container lines approaches – but ships are already overflowing Equinor announces new intermediate targets on the path towards climate neutrality DFDS sets up shore power facility for ferries Costamare enters dry bulk with acquisition of vessels Soaring freight rates are starting to inflict real pain on small shippers Aker group's wind company joins forces with BP and Statkraft in Norwegian offshore wind Sri Lanka demands UDS 40 million from X-Press Feeders with more claims to come Bunker Holding and Wärtsilä to explore island in the Baltics for a "green gas station" Norwegian government proposes policy to maintain fossil fuel extraction APM Terminals appoints new head of Asia region Robert Uggla sees major upturn in personal venture Hafnia partner puts development of controversial methanol factory on hold Shipping investor Tor Olav Trøim sets up new dry bulk company Bottleneck in Yantian port continues to grow despite partial reopening DSV Panalpina raises expectations for the full year Total Energies to explore ammonia as a fuel for shipping Odfjell predicts upturn and strong growth for chemical tanker market in second half of 2021 Sea Europe appoints new chair Hapag-Lloyd looks to address industry's "worst operational crisis in many years" Risk analysis ordered by manufacturers finds pollution level from scrubbers "acceptable" The next four days will define how shipping delivers on decarbonization by 2030 Bottlenecks from Yantian make ONE put surcharge on reefer containers Burnt debris has spread 150 km from X-Press Pearl off Sri Lanka Thor Stadil to bank on chartering vessels after major losses Trafigura books billion-dollar profit in first half of 2021 Tufton adds chemical tankers to Stolt Tankers' fleet Gard appeals ruling in compensation case against tanker carrier Shipping bank warns: Chinese ship financing poses risk to European shipping Ship carrying dead captain will arrive in Italy next week Wrist plans to buy its way to large-scale growth in revenue by 2024 Five container lines exceeded all of 2020 in first quarter of 2021 Maersk narrows bidders for USD 1 billion refrigerated container unit Western terminal in major Chinese port reopens following Covid-19 outbreak Shell CEO promises stronger climate efforts but still appeals court ruling Japanese collaboration to design detachable sails for large vessels DSV Panalpina predicts "new normal" for container market by next spring World's first large retrofitted LNG-powered vessel arrives in Hamburg DSV Executive VP compares Chinese bottlenecks to Suez blockage Container rates skyrocket following Covid-19 outbreak in South China Crew change challenge peaks with dead captain stuck on board ship for months Wrist's top line took a tumble in 2020 Rolf Habben Jansen wants CO2 tax reinvested in sustainable fuels Christiania Shipping opens the way for participation in mergers Bunker Holding company sees lower profit despite increased volumes The World Bank raises growth forecast for world economy Gearbulk announces renegotiated agreements with Japanese shipowners Cosco looks to buy shares in container terminal in Port of Hamburg Shipping banks to reassess green ambitions after next climate summit G2 Ocean kicks off major expansion of Singapore office Spain now supports the Hong Kong Convention More than 300 organizations sign declaration against piracy in Gulf of Guinea Environmental regulator shuts case on former Maersk vessels scrapped in Alang The number of vessels being diverted away from Chinese ports is climbing rapidly The IMO pledges to assist in containing pollution from burnt-out container ship in Sri Lanka World Bank stands firm on warning against LNG in shipping Norway's opposition to CO2 research fund meets disappointment from shipowners Transocean defers payment of USD 400 million and postpones delivery of two drillships Trafigura and Yara join forces to develop ammonia-powered fuel Container market risks chaos into 2022 following Covid-19 outbreak in China Euronav sells oldest tanker vessel and earns USD 9.3 million Shipping lawyers expect more climate court battles after Shell ruling Semco Maritime opens new office in Poland US shopping spree behind global container boom Ceva Logistics sees improved operating performance in overheated container market New global corporate tax collides with shipping industry's tonnage tax CMA CGM Group reports quarterly profit of just above USD 2 billion Major shareholder Blackrock defends Shell following court battle on climate Celsius Shipping almost done with exit from dry bulk MSC and Nordic shipowners endorse carbon levy but do not set price Maersk to expand its cargo airline and aims for more aircraft Danish Shipping designates ballast water requirements as "the convention from hell" Sri Lanka braces for marine pollution as remains of X-press Pearl sinks off Colombo Exxon activist expands boardroom presence with third seat Prosafe agrees to a rescue plan with lenders Insurer responds to allegations against Ever Given and master Monjasa's owner books new major profit in private company Eagle Bulk continues fleet expansion with new vessel purchases Michelin to sell inflatable wing sails for ships Maersk expects further delays after Covid-19 outbreak in major Chinese port Søren Skou's carbon levy proposal met with reservations in shipping industry Tanker rates still weighed down by the pandemic and low demand Only slightly more than half of OSVs are currently employed Shortage of naval officers on track to record levels Shippers fear container capacity shortage will stunt growth Norway supports controversial CO2 calculator that may penalize green companies Two extraordinary cases kept Navig8 Chemical's CEO occupied in 2020 Søren Skou proposes USD 150 levy per ton carbon emissions from vessels CMA CGM chairman Rodolphe Saadé is sticking to his LNG-guns NGO proposes significant global carbon levy on bunker fuel to reach climate goals Taiwanese container carriers see major progress in the first quarter Improved oil demand pushes prices to highest level since October 2018 Subsea 7 bags major contract with Equinor in Brazil Pension companies endorsed Shell's climate plan before rejection by Dutch court New study supports great potential for ammonia-powered ships New powerful climate alliance promises "at least" 200 zero-emission vessels by 2030 Customers predict container market normalization in 2022 at the earliest Hard-pressed Dof secures extended deferral of major debt Stena Bulk adds two tanker newbuilds to fleet Growing number of seafarers stranded aboard vessels beyond contract expiration Sri Lanka to sue owners after fire on X-Press Pearl Golden Ocean points to the biggest area for lowering fuel consumption Climate activist buys into large companies to intensify CO2 plans Strong dry bulk market makes Norden raise its guidance again Swire Shipping supports carbon levy in shipping Depreciations send Weco Shipping into the red for 2020 New head of air & ocean set to catapult NTG to new heights Wedellsborg launches new tanker venture with former Stena executive at the helm Maersk expresses frustration at IMO's new CO2 target proposal for 2026 Covid-19 outbreak in Chinese container port causes more delays Harsh criticism of the run-up to IMO's crucial climate summit P&O Ferries struggles to raise capital for future operation Borr Drilling lost USD 58 million in the first quarter Seadrill chairman steps down amid restructuring Egyptian court delays hearing in Suez compensation case Maersk vessel refloated after grounding in Suez Canal Avance Gas off to a good start with high rates in 2021 Søren Skou puts pressure on IMO to adopt a CO2 tax Seadrill sells five rigs for scrapping Shipyards in Asia see record growth in orderbook for new container vessels Shipping analyst highlights positive signs despite major delays in container industry BW LPG and Klaveness call on Poseidon Principles to raise its ambitions Siem Offshore expects increasing demand through the rest of 2021 Jacob Meldgaard after Shell ruling: Oil companies have had "a sheltered existence" SCA chair claims blames Ever Given's grounding on high speed Maersk Drilling divests more rigs Wärtsilä develops autonomous ship to reduce bottlenecks Aker Offshore Wind appoints former wind boss as CEO Shipping companies risk court battle on CO2 emissions following Shell ruling Irish Ferries remains silent about cooperation between DFDS and P&O Ferries Vitol expands with new bunkering service for shipping Covid-19 cases will affect Gard's business well into 2021 Suez Canal Authority reports death during the refloating of Ever Given Frontline books profit despite more than halving the top line Seadrill appoints new members to management Dutch court orders Shell to significantly reduce CO2 emissions Norwegian players want share of booming wind market New owners have taken over world container fleet in a turbulent decade for the industry Nordic Shipholding still believes in a merger Dof remains dependent on forbearance from creditors Strong dry bulk market materializes in quarterly result for Belships Hafnia pushes pessimism aside and hopes for more mergers in product tanker Equinor behind new large-scale North Sea offshore wind project Solstad reduces deficit and is cautiously optimistic about 2021 Container liners think IMO's new CO2 rules disproportionately affect reefer transport Navigare Capital acquires VLCC tanker for nearly USD 70 million Yards face busyness with thousands of upcoming environmental retrofits DFDS enters partnership with English Channel competitor Explosion worsens fire aboard newly built container ship Hafnia expects gradual improvement after loss in the first quarter Esvagt nears ownership change and US breakthrough Subsea 7 bags major contract with Petrobras of up to USD 700 million Agility shareholders approve billion-dollar sale to DSV Panalpina Celsius Shipping plans to buy more tankers in a 2021 characterized by low prices Suez Canal Authority will free Ever Given for a deposit Collapsed Singapore oil trader founder appeals USD 20 million order Confidential report deems Maersk's port contract in Ghana harmful KPI Oceanconnect has a "clear appetite" for more acquisitions Monjasa refrains from setting a target for more women: "We're in a reasonable place" Scan Global eyes new acquisitions in the US and UK as part of growth plan European countries are open to quotas as well as a CO2 tax Trillion-dollar oil investments threatened by green transition ShippingWatch is closed Monday, May 24 DB Schenker is a "once in a lifetime" opportunity – but the timing is off for DSV Stranded Australian coal cargo arrives in China after 356 days at sea Maersk joins US vaccination program for seafarers New partnership eyes a perfect storm in heavy lift Germany subsidizes Essberger Tankers' acquisition of eight LNG-powered tankers DSV Panalpina rumored to show interest in buying DB Schenker Is Maersk Drilling losing its upper hand in the drilling industry? OECD and the Netherlands warn against LNG as a transitional fuel to reach climate goals South Korean DSME hit by fewer orders in first quarter Golden Ocean sees best quarterly result ever MPC Container Ships expects the strong container market to last up to three years High demand sends earnings soaring at Star Bulk Maersk Drilling sees largest quarterly orderbook growth since 2017 Zim ups its full-year expectations after doubling revenue Only a few pirate groups are behind the many Gulf of Guinea kidnappings EQT eyes potential Nordic ferry merger after major Danish and Norwegian acquisitions IEA says shipping will not be climate neutral by 2050 Dorian LPG's revenue drops in strained gas market Maersk Drilling upgrades full-year outlook Several shareholders vote against reelecting Sohmen-Pao as chair of BW LPG Euronav: Long-term emission plans need to be feasible Sluggish oil market activity hit Esvagt hard in 2020 Frontline buys six supertanker newbuilds Evergas and Ultragas join forces to transport CO2 IEA calls for an end to new oil extraction from 2021 in climate plan Eneti still owns 12 dry bulk vessles and orders a WTIV ship worth USD 330 million Shipping majors want the IMO to raise its 2050 ambition EU to coordinate dialog between maritime players in service of the climate Brent crude tops USD 70 with bullish demand outlook NGO criticizes carrier alliance for "unethical" communication on ship emissions US goods inventories at record low despite booming inbound container transport IMO is trying to introduce CO2 rules that virtually everyone in shipping disagree with Higher freight rates boost logistics operator NTG's results BW LPG's profit shrinks in the first quarter Maersk advocates for a "significant" CO2 tax Major shipping players join forces to combat piracy in Gulf of Guinea Agility had its eyes set on both Uti and Panalpina before billion-dollar sale to DSV ONE vessel caught fire off the US West Coast Banks' scrapping initiative extends to drilling rigs Danish regulator investigates Maersk ships headed for Alang Semco to handle recommissioning of the Tyra field Maersk Broker sees container and dry bulk upturn kick-start vessel sales Maersk considers participating in US vaccination program for seafarers Navig8 Chemical deepens deficit and cancels contracts with owner Seadrill secures multimillion-dollar contract in Africa The value of Blystad's container fleet skyrockets OSM Maritime postpones crew changes for Indian seafarers HMM delivers best ever operating profit in the first quarter Maersk ready to accelerate its growth in logistics Canada's Teekay profits from growing LNG demand Crews from Torm and Anglo-Eastern ships to be vaccinated under new US program Golar LNG finds new CEO internally DFDS does not think three carriers can be profitable on the Channel Wilhelmsen CEO sees pandemic strain services business in the first half year Prosafe appeals hotel rig verdict to Norway's Supreme Court Klaveness Group divest ships and halves container fleet ShippingWatch is closed Thursday, May 13 BW Epic Kosan books a profit for the first quarter marked by merger Torm builds a historically large product tanker fleet despite a weak market High freight rates in the North Atlantic after weak growth German terminal operator expects steady progress in 2021 Product tanker scrapping has already reached levels of 2019 and 2020 Hapag-Lloyd sees significant improvement in the first quarter Danaos Corporation sees highest rates in ten years Suez Canal to be expanded following blockage chaos Maersk is "convinced" that its logistics business is a growth engine Carriers battle for free quotas before EU presents its CO2 proposal DFDS' logistics acquisition is being scrutinized by EU's Competition Commissioner Golden Ocean: "We have placed our bets well" MSC charters 11 LNG-fueled container ships Insurer says claim against Ever Given remains "exceptionally large" Ikea denounces LNG as the fuel to decarbonize shipping DFDS' freight volumes advanced by 50 percent in April Maersk sets a target for return on invested capital ahead of 2025 Weak tanker market results in major loss for Diamond S Diamond Offshore names new CEO and chairman Borealis Maritime earns 300 percent on sale of older container vessel New UN guidelines aim to protect human rights for seafarers Upturn surprises Ultrabulk: "We did not expect the quarter to be this strong" Dry bulk in significant progress but China's climate targets could change demand Unfitness case against Thor Stadil and Thorco executive set to begin Alfa Laval buys StormGeo following bidding war CMA CGM sees biomethane as the next step for much criticized LNG Container market boom continues to surge in US consumer demand Egypt offers to cut compensation claim for blocking of canal Maersk Container Industry expands order backlog in the first quarter Scorpio Tankers reports major deficit and faces mounting uncertainties in 2021 Renowned analyst sees two players ready for growth despite declining bunker market Oil companies' upturn expected to spread slowly to drilling Shipping companies order LNG-fueled vessels ships like never before Skuld books profit with help from investments How would Søren Skou feel about being CEO of the world’s second-largest container line? Tidewater divests more vessels in major fleet clean-up Eagle Bulk sees sustained momentum for dry bulk in second quarter Genco plans to buy more vessels during dry bulk boom It took the Suez Canal ten days to return to normal after Ever Given Celsius Shipping is headed for a full exit from dry bulk Norden is "taking market shares" to profit off the dry bulk upturn Trøim invests in LNG-powered dry bulk newbuilds P&O Maritime Logistics faces a crucial decision in its transformation Bjørn Højgaard expects a worsened crew-change crisis in 2021 Ardmore starts 2021 in deficit – but takes positive market outlook Prosafe considers appealing hotel rig verdict to Norway's Supreme Court Weak chemical tanker market sends Odfjell further in the red Euronav loses USD 71 million in the first quarter Norden upgrades outlook again despite first quarter deficit Stock value of major container carriers has gone up 400 percent EU proposes new regulation to stem Chinese state aid Wintershall terminates contract with Seadrill's accident-plagued rig Søren Skou believes in a significant improvement in reliability this year Resurrected Noble Corporation debuts with quarterly deficit DHL bags its best quarterly result to date Maersk records growth in logistics and terminal activities in the first quarter Ever Given ordered to remain in the Suez Canal Maersk books record result for the first quarter of 2021 DHT Holdings sees weak tanker market continue into the second quarter Valaris completes large-scale restructuring Port of Rotterdam and steel giants to lead the way for green hydrogen as a replacement for coal EU forced to postpone proposal on CO2 quotas for shipping Industry alliance rejects that wash water from scrubbers pollutes the ocean Aker Offshore Wind continues to lose money The container market upturn could last until 2024 Dan-Bunkering appoints new CEO Rio Tinto set to charter up to six LNG dry bulk vessels from Eastern Pacific Five years after taking over Søren Skou has only partially delivered on what he promised Tor Olav Trøim divests a considerable share of 2020 Bulkers Seaspan delivers record fleet expansion Australia finds numerous violations among ships with ballast water systems DNB is in its fifth year of working to restructure strained drilling and supply companies Jefferies expects multimillion-dollar synergies from DSV acquisition Singapore bars ship crew changes from more South Asian nations Strong container market leads Cosco to believe in "marked growth" this year World Fuel Services' fuel sales more than halved in the first quarter "I haven't seen such a bad first quarter since the early 80s" Seadrill hemorrhages money during restructuring ONE expects 2021 to be characterized by major uncertainty CMA CGM orders 22 new container ships at Chinese shipyards Cadeler raises capital for fleet expansion Oil giants in tough balancing act despite promising upturn Norvic Shipping sees Indian lockdown as a source of uncertainty despite strong dry bulk market ShippingWatch closed on April 30 A global CO2 tax on shipping could be years into the future Subsea 7 expects more work in coming months John Fredriksen companies are working on a new biofuel Belships is optimistic despite red numbers in 2020 Alfa Laval sees improvement despite weak first quarter Equinor improves markedly and books best quarterly result since 2014 Drilling company Valaris takes huge impairment in first quarter NGO considers EU's 2030 target unrealistic for shipping Hapag-Lloyd hopes for a more stable market in third quarter Synergy Group CEO expects Covid-19 to stick around for several years Maersk Decom to secure more customers using new calculator Concordia Maritime negotiates with banks and owner after new major loss DSV chief executive on the quality of service in the container industry: "Worse than ever" 2020 Bulkers books significantly higher profit in the first quarter Maersk's cargo airline appoints new CEO XO Shipping plans to expand staff after new record profit Four in ten container vessels arrived on time in March Carsten Mortensen's Dee4 Capital reports black figures in first full fiscal year Maersk Broker makes lowest profit in three years DSV Panalpina has a detailed plan at the ready for integrating new billion-dollar acquisition BP lures investors with share buybacks after trading windfall Empty inventories could extend container upturn even further Japanese shipyards join forces to up climate ambitions Seadrill secures drilling contract with Equinor in Brazil Diamond Offshore leaves bankruptcy protection and replaces CEO Kuehne + Nagel CEO outlines chaotic and constrained 2021 market DSV Panalpina announces billion-dollar acquisition and upgrades 2021 outlook DSV Panalpina acquires Global Integrated Logistics business from Agility Maersk upgrades full-year guidance by several billion dollars MPC executive says "boiling hot" container market will last for at least another two years Equinor is on the lookout for seven new energy-efficient tankers Los Angeles ports are slowly chipping away at their ship backlog "Expectations for DSV have not diminished after Kuehne + Nagel's quarterly result" Maersk, ONE and MSC are losing market shares to other top-ten container carriers Bimco and ICS disagree on impact of IMO's new climate regulation Supertankers will not see upturn until fourth quarter Schlumberger fares better than expected Kuehne + Nagel CEO sees "tense market" continue for the rest of 2021 Hong Kong's OOCL doubles its revenue in the first quarter World bank calls LNG a dead end as fuel for shipping Italian d'Amico's Dry Cargo business gets new CEO CMA CGM sticks with LNG despite World Bank's criticism of the fuel Chinese import "on steroids" results in Baltic Dry Index record Torben Carlsen believes in a better 2021 – but passenger numbers still weigh on DFDS Semco Maritime trims business and ups operating result in tough pandemic year Singapore yard pulls down Keppel's result in the first quarter Delayed container vessels are first on the agenda in DHL's talks with carriers Danish minister regrets carriers' and Maersk's need to scrap vessels outside EU DFDS raises its 2021 outlook Shell challenges World Bank in dispute over future shipping fuel Port major DP World got off to a better-than-expected volume start to the year MAN sees four potential climate tracks for shipping Shipping leaders agree that collaboration on CO2-reduction trumps competition Wärtsilä earns less in the first quarter and sees orderbook shrink Euronav says the IMO 2030 target is crucial for climate effort Bottlenecks push record number of containers through Long Beach and LA Greek shipowners have gained prominence among Hamburg's shipping banks Avance Gas orders two more newbuilds with dual fuel engines German shipowners say a technological revolution is needed to reach new 2050 goal US stance on CO2 could radically change the IMO's climate agenda Equinor reports fewer accidents and personal injuries OW Bunker compensation claim suffers another blow BW Group, ONE and Sembcorp invest in new decarbonization center in Singapore EU to define whether shipping can be called sustainable EU significantly raises 2030 target for CO2 emissions Credit ratings have seen a rise at several container majors in 2021 Shipping organizations want world leaders to discuss CO2 tax US wants to cut shipping's CO2 emissions to zero by 2050 Maersk sees Suez-related bottlenecks continue into third quarter Maersk Drilling enters Brazil with new rig agreement Sohmen-Pao calls transition to CO2-free fuels "a minefield to navigate" Singapore plans center for decarbonization Record number of dry bulk ships traded in March DHL hones in on its customer portfolio in cleanup during Covid Three French ports merge into new giant – sets aside USD billions for investments Hafnia and BW LPG invest in digital company Maersk Drilling, DFDS and Hafnia join project to test fuel cells on methanol Maersk Supply Service finds new chief commercial officer Oakland tops LA area as waves of ships inundate world's ports Scorpio Tankers wins last year's race on operating margins – 2021 looks tough Hapag-Lloyd and Port of Rotterdam defend LNG as a fuel for shipping "Methane slip has become an overused argument for those wishing to justify inaction" Yara and BAR Technologies to install sails aboard Cargill vessel Maersk, MAN and Total partner up to make the use of ammonia safer Analyst firm sees historically strong year ahead for dry bulk Bulk company Falcon sues World Fuel Services over off-spec bunker delivery Seaspan secures USD 300 million through sustainability-linked bonds Suez blockage repercussions will last until June in Europe Norway demands compensation after salvage of Dutch ship World Bank rejects LNG as usable fuel to reach climate goal by 2050 Shipping majors bet on different paths in decarbonizing shipping Asia sees drop in pirate attacks in first months of the year Engineer sentenced to prison for cocaine find on MSC ship Crisis-stricken Prosafe to pay USD 55 million to shipyard after lost lawsuit Berenberg eyes "huge gap" in German ship financing Monjasa wants to climb the list of the world's biggest bunker companies DP World demands damages in port dispute Wallenius-owned company launches first of three battery-powered vessels Svitzer moves regional headquarter to Panama Trafigura invests in development of MAN's ammonia engine Oldendorff thinks IMO's carbon calculator is cause for a great deal of confusion Hapag-Lloyd warns customers that bookings could get canceled DNB sees investors take an increased interest in shipping 15 kidnapped seafarers from De Poli chemical tanker in Gulf of Guinea are now released Maersk Tankers divests six product tankers Wärtsilä thinks hydrogen will only play a "niche role" in shipping Seadrill enters settlement with subsidiary after dispute Investor Blue Ocean Capital expects further consolidation in European ports Panama Canal postpones price increases after letter of concern Almost half of all pirate attacks take place in Gulf of Guinea Ship management firm predicts growing political pressure to achieve climate goals before 2050 Evergreen affirms authority's million-dollar claim and calls it "unsubstantiated" Supercharged container market rubs off on Pacific Basin's bulk rates – at decade-high IEA upgrades outlook for global oil consumption Hapag-Lloyd places major order for new containers Hitecvision-owned venture to bet on offshore wind Panama Canal raises booking fees Ever Given's shipmanager hopes to avoid negative fallout from Suez accident The IMO to expand council by 12 additional member states Maersk's position as world's largest is coming to an end Danish Maritime Authority turns case about Norden's false logbooks over to the police Greek alliance with environmental NGO on carbon quotas attracts attention Egypt to seize Suez ship Ever Given pending USD 900 million compensation Language changes in job postings to attract more women at Odfjell Turkey proposes ban against the use of open-loop scrubbers Monjasa lifts bunker sales to record levels in 2020 Lauritzen Bulkers: Operators and the climate are in a tight spot Eimskip books operational profit in the first quarter Former Hamburg Süd CEO takes over as chief executive of the Offen Group BW-dominated Navigator Gas takes over Ultragas in multimillion-dollar trade Fredriksen ups his stake in Avance Gas after private placement Unexpected alliance between shipowners and NGO wants expanded EU CO2 quota system Lloyd's Register says IMO's new CO2 calculator penalizes efficiency MPC Container Ships raises expectations for 2021 Euronav secures new sustainability-linked loan Oldendorff ship attempted robbed in Singapore Strait CMA CGM proposes plan to rebuild Beirut's port within three years Navigare Capital Partners is looking for new investors for shipping fund DNV foresees upcoming "wave" of newbuilds in shipping Container congestion has at best stabilized at a "high plateau" DHL headed towards best first quarter ever Camilla is what the shipping world wants to attract more of Scan Global buys Spanish logistics company Few newbuild orders and ship sales benefit European shortsea market DFDS perceives CO2 quotas as a new currency that can be traded 36 carriers reported to the police by Denmark's EPA for emitting too much sulfur Sohmen-Pao will soon chair three Danish shipping companies Hapag-Lloyd CEO expects container market congestion to last until third quarter Coal dispute between China and Australia alters trade patterns in dry bulk CMA CGM launches first bio-fueled service Digitization softened the top line blow at DNV Maersk opens for short-term bookings again after Suez blockage Maersk Drilling's share price doubled in 2021: "We've surpassed our competitors" Golden Ocean and Odfjell work towards new CO2 rules, without knowing what they entail Stena Bulk aims for climate neutrality by 2050 Weak product tanker market pressures rates at Stolt Tankers Everfuel signs MoU to supply hydrogen for zero-emission shipping DSV is 800,000 containers short of what it expected from Panalpina acquisition MAN to develop ammonia-powered engine through new project Salvage crew regains control of listing ship in the Norwegian Sea Maersk Training books massive loss in the year of Covid-19 Authorities in Suez Canal discuss compensation with Ever Given's owner Salvage specialists are trying to save listing multipurpose ship off Norway Platform backed by Maersk, MAN and Norden aims to increase supply of green fuel Commodity shipping rates are surging and the rally is not over Lightship Chartering enters offshore with new business leg The nine largest container carriers tripled earnings in 2020 More than half of vessels in the global fleet contain asbestos Container majors agree on standardized digital tracking Former APL Chief Exec Lars Kastrup becomes new co-president of PIL Red-hot container market pushes multipurpose rates to pre-Covid levels Seaspan Corporation projects strong market ahead of 2024 IMF boosts global growth forecast, warns of diverging rebound Oldendorff's fleet climbs to 750 vessels after new purchases Rising production from oil countries could increase pressured VLCC rates Hempel acquires Australian coatings manufacturer Sohmen-Pao set to become new chairman of wind carrier Cadeler Seaspan expands fleet with two new container vessels Wedell-Wedellsborg and Sohmen-Pao invest in new dry bulk platform Seadrill plans to shave large chunk off debt in restructuring Maersk warns customers of Suez effect in other parts of the network ShippingWatch closed for Easter Merger of International Seaways and Diamond S creates huge tanker company DSV after Suez blockage: "We’re facing a very unpredictable freight market" Federal Maritime Commission appoints new Chairman Strong container market leads ONE owner to raise forecast PIL has completed large-scale restructuring Blue Water Shipping plans to replace Kazakh cash cow with multiple revenue streams The Höegh family buys all stocks in Höegh LNG and delists the company Ørsted to build one of the world's largest hydrogen plants Hin Leong founder set to face another 23 charges of forgery Seaspan buys six container newbuilds Diamond S Shipping could be on track for sale to International Seaways Suez crisis prompts Maersk to temporarily shut down short-term contracts Shippers say the EU disregards container carriers' poor service Maersk says capacity could drop up to 30 percent in coming weeks Navigare Logistics and Mosvold to build carrier with zero-carbon fleet Biden administration to multiply offshore wind capacity by 2030 Celsius Shipping confirms purchase of two MR newbuilds Ultrabulk books deficit despite expectations of profit in 2020 Maersk appoints chief technology officer as new member of Executive Board Depreciations in Lauritzen Foundation lead to major loss in 2020 DFDS to face new competitor on English Channel routes Hamburg politician and pilots call for local safety measures after Suez incident Complicated claims in the wake of the Suez blockage Queues in Suez may have repercussions on container market for up to three months Digital shipping exchange grew big-time in 2020 Eagle Bulk sets sights on more ships following multiple acquisitions USTC Group buys another company Paolo d'Amico highlights two crucial factors for the product tanker market Maersk estimates Suez clean-up will take at least six days Suez Canal Authority says Ever Given has been refloated Lauritzen Bulkers gains customers from pressured container market Suez Canal Authority confirms that Ever Given has been partially refloated Media: Ever Given is partially or entirely freed Suez Canal Auhority considers launching "Plan C" MSC calls Suez blockage "one of the biggest disruptions to global trade in recent years" A.P. Møller Holding expects even bigger profit in 2021 Suez blockage sends oil prices and tanker rates soaring Ineos divests Norwegian oil business Authorities bank on tide to help refloat grounded ship in Suez Canal OOCL earns close to USD 1 billion in record year Maersk Supply fined for dramatic shipwreck: "We should have chosen a different approach" J. Lauritzen significantly reduced its deficit in 2020 after divestment and capital injection Container ships reroute south of Africa to circumvent Suez Canal 2021 may set a record for trade in used dry bulk vessels Norden's chairman calls Israel-instructions "inappropriate" Drilling industry sees first signs of desired consolidation Maersk Supply Service fined USD 24,000 in protracted shipwreck case Floatel lands debt restructuring and secures new credits Wilhelmsen allocates USD 500 million to new business investments Maersk considers air routes to circumvent blocked Suez Canal Hamburger Hafen & Logistik expects growth in volumes in 2021 Jefferies predicts Maersk could earn as much as USD 15 billion this year Blue Water exceeds record result but expects lower profit in 2021 Owner of grounded container ship in Suez Canal risks million dollar claims Two dredgers sent to refloat grounded container ship in Suez Canal Nordic Shipholding expects new deficit if merger fails to materialize Danish Maritime Authority to investigate Norden's fake logbooks Grounded container ship causes delays for liner majors in Suez Canal Hafnia secures sustainable loan of over USD 300 million Equinor breaks record after consecutive oil finds MAN to supply engines for new supertankers Borr Drilling secures new contracts Recent months show an "order wave" for ultra-large box ships Nordic Shipholding's equity is negative – hopes for merger Snabe on Maersk Container Industry: Time will tell whether we are the right owners DHL to invest up to EUR 7 billion in climate target ahead to 2030 Suez Canal blocked by ultra-large container ship in both directions Shareholder praises Maersk for quality boost – but criticizes chairman remuneration Maersk has "substantial" logistics acquisitions and decarbonization on its list of biggest risks UK may include shipping in new emissions trading platform Klaveness CEO accuses IMO's new CO2 rules of punishing efficient carriers Port company takes over Lim family's stake in oil terminal Unifeeder's acquisition schedule delayed by Covid-19 S&P upgrades Hapag-Lloyd's credit rating Zim exits 2020 with a profit of half a billion dollars Norden significantly upgrades its 2021 guidance Another accident hits Seadrill rig two weeks after orders to improve safety Moody's raises credit rating for Maersk Even the disposal of waste bags was detailed in instructions to conceal Norden's transports to Israel Big ships snag unusual cargoes as dry bulk market tightens Red-hot market prompts Maersk customers to sign perpetual contracts Media: Wilhelmsen family was hiding wealth abroad Robert Uggla takes large ownership stake in secretive A.P. Møller company Cargill CEO becomes chair of shipping players' new set of CO2 rules Qatar Petroleum puts contracts for huge LNG fleet out to tender Erria continues the work towards re-establishing its equity Norden has instructed captains to fabricate fake logbooks World's largest oil firm saw collapsed earnings in 2020 Equinor has chartered 40 ships in efforts to lower carbon footprint Scrubber installations have doubled in one year Better days for Norwegian offshore pull up rates on service ships Danish frigate has the mandate to arrest pirates and seize weapons in Gulf of Guinea Grimaldi sticks to scrubbers despite record low fuel prices in 2020 Marine Capital drops LNG and bets on offshore wind Awilco to list new offshore wind company A strong fourth quarter was not enough to pull Navigator in the black for 2020 Bunker Holding company terminates contract with the Danish Defense before trial Celsius Shipping books million-dollar profit from vessel sales DP World felt Covid-19 in 2020 ONE and Hapag-Lloyd want to join Tradelens – and have wanted to for over a year and a half Niledutch was Hapag-Lloyd's only possible acquisition target China is the sole driver for iron ore exports in early 2021 Emanuele Grimaldi has one clear favorite among alternative fuels Portchain secures contract with Maersk's Russian port company Shipowners call on EU to support Denmark in the fight against piracy Norwegian shipping bank to increase lending in 2021 Hapag-Lloyd expects to surpass last year's result in 2021 IMO is "concerned" about seafarers trapped in coal conflict between Australia and China Hapag-Lloyd buys Dutch container line focused on Africa 15 kidnapped crew members in Gulf of Guinea are "doing well" Esvagt CEO expects steady flow of orders following US offshore joint venture Solstad Offshore sells two ships Five Japanese lenders are now part of Poseidon Principles NGO questions Maersk's carbon-neutral vessel Tradelens project now has Asian competitor with Hapag-Lloyd as shareholder Container carriers fare better through Covid-19 than previous crises Carbon-neutral shipping projects are on the rise in Asia Shortage of new shipping containers adds to global trade turmoil Denmark deploys naval vessel to Gulf of Guinea Esvagt enters joint venture with Crowley aimed at US offshore wind market Maersk company has halved staff, closed two factories and focused the business: "These were not easy decisions" Korean yard group to build LPG vessels worth in excess of USD 700 million Three Asian bunker hubs report of increased bunker sales in 2020 Wilhelmsen and Østensjø to take wind venture public Lauritzen Foundation injected capital into strained dry bulk carrier twice in 2020 Ardmore to establish hydrogen venture with two partners Only six tankers left the market in the first months of the year Panama wants IMO to help crews stranded in China and Australia's coal conflict Russian Sovcomflot advances in 2020 despite plunge in fourth quarter Dee4 Capital orders new tankers with JV-partners Miserable tanker market turns VLCC rates negative: "Not sustainable" US ports start to ease number of queued container ships Ceva Logistics misses its 2020 breakeven target Analyst firm sees container market imbalance last for months Maersk Supply Service adds former Vestas CEO to the board Gas rates drop significantly on the heels of strong start to the year Iranian investigator believes Israel attacked Iranian container ship OSM Maritime opens office in Copenhagen Italy's d'Amico expects low fleet growth for tanker in coming years CMA CGM books billion-dollar profit in the fourth quarter Noble Corp books impairments totaling USD 4 billion – but orderbook goes up Danish minister wants to launch a naval vessel to combat piracy in Gulf of Guinea International shipping recommends tax on CO2 emissions Dorian has examined the possibility of vaccinating its own seafarers Covid leads Viking Life-Saving to lay off 300 employees 15 crew members kidnapped from chemical tanker in Gulf of Guinea Air and Ocean declined at NTG in tough pandemic year Shell charters ten new LNG-fueled supertankers Sohmen-Pao becomes chairman of new large gas carrier BW Epic Kosan Norwegian carriers start 2021 with record number of laid up vessels BW Offshore pursues IPO after large wind acquisition Glencore makes changes to its top management Habben Jansen wants carriers to up the orderbook Hafnia aims to reach IMO target two years ahead of schedule Players test "vital shortcut to carbon-neutral shipping" Solstad CEO embarks on large-scale fleet clean-up DFDS saw volumes go up in February – passenger business remains strained Singapore court approves liquidation of Hin Leong UK industry sees port delays after Brexit Nordea tightens demands on fossil energy investments Exmar secures approval for new ammonia-powered gas ship Hafnia calls for more mergers – climate and digitization exclude small players Monjasa deploys another tanker to the Panama Canal Major shipping nations now support IMO's billion-dollar fund for green research Maersk mulls USD 1 billion sale of Maersk Container Industry Ship forced to wait 269 days finally unloads Australian coal in China Trusted Fredriksen representative says new Seadrill rescue is "more brutal" Cadeler lands biggest contract to date through agreement with Siemens Gamesa Maersk and Keppel to explore ammonia in new study EU awaits crucial information on South Korean shipyard merger Container carriers step up lobbying effort Idan Ofer's Eastern Pacific Shipping plans to use natural gas to make its fleet green OECD ups prognosis for global growth in 2021 Major banks to align shipping loans with climate targets: "This is a marathon, not a sprint" Prosafe expects all floatels in operation in 2021 after "lost year" Former Scorpio Bulkers lost more than USD 600 million in 2020 after exit from dry bulk Maersk Product Tankers sees muted market on the heels of major profit Stena Line wants every third leader to be female from next year Five percent of marine fuels should be green by 2030 Stena Bulk is working on a concept hybrid vessel DHL handles 2.9 million teu at sea in 2020 despite lower freight volumes DSV and DHL see container bottlenecks spread to Singapore Vestager to examine competition in red-hot container market Seaspan continues shopping spree with order for six newbuilds A phone call from Toyota turbocharged Corvus' green shipping project Höegh family wants to delist gas carrier from stock exchange New survey on overheated container market flunks carriers' service and prices Industry players to post billions into Singapore's maritime sector Key Saudi Arabian oil site attacked, sending Brent above USD 70 Hafnia expects more active vessels to strain product tanker in 2021 Eastern Pacific Shipping and MAN select ammonia and methanol as future fuel Maersk Supply Service to deploy women in pairs: No one should be alone in a macho environment Port of Rotterdam awards bunker licenses to 27 companies US offshore carrier Tidewater sold more than 50 vessels in 2020 Eagle Bulk executive sees best time charter rates in years OSM Maritime removes managerial level after CEO's exit A few weeks ago the LPG market was basically a money printing machine Logistics chain bottlenecks trigger longer contracts for container carriers China's modest growth target signals policy shift from world Seaspan adds more container ships to its orderbook Oil rallies toward USD 65 with Saudi supply gamble reverberating Boskalis in setback despite advancing in offshore DFDS, Klaveness and Trafigura want EU to bet on ammonia and hydrogen February snowstorm in Texas hits tanker companies Norden pays the price of a "catastrophically bad tanker market" in 2021 Bottlenecks lead Kuehne + Nagel to focus on its key customers Grindrod Shipping: Customers still not ready for CO2 tax Frontline and Euronav chief execs: OPEC+ could kickstart tanker market Fredriksen's Seadrill books a deficit of almost USD 5 billion Norden expects significantly lower result in 2021 after record year Valaris gets rescue plan approved Court in Singapore approves PIL's large-scale rescue plan Maersk Etienne case leads Italian police to investigate NGO Maersk appoints executive to work on future fuels Container CEOs jointly attack US ports for having insufficient infrastructure Hafnia raises wages to achieve its diversity target Eneti will draw on US institutional capital to become a major player in offshore wind Hempel continues acquisition hunt after challenging year SAL Heavy Lift and Jumbo launch new joint venture in fleet operations Seaspan buys two container ships on long-term charter contracts Sale and purchase volumes for container ships reach highest level in four years Kuehne + Nagel reveals acquisition price of Apex International CMA CGM buys 50 percent of TTIA terminal in Algeciras New swine fever mutations in China could impact dry bulk and reefer Niels Smedegaard joins Molslinjen as board chair Akastor and Baker Hughes establish joint drilling venture V.Group's fourth CEO in three years: "The many changes may indeed have been a distraction" Hempel to raise its coating prices globally Awilco establishes new company and enters offshore wind One third of Lim family ships have new owners Maersk: "We're actually dismayed by the level of service we're forced to provide right now" Havila books profit on the heels of approved rescue plan Overheated container market could last until next spring Hurtigruten ended 2020 with large deficit despite large-scale aid schemes Torm CEO sees no burning platform in the green transition Gas major BW LPG eyes strained market in the second quarter Danish Ship Finance's bottom line shrinks in tough pandemic year World Fuel Services' fuel sales declined in 2020 Israel blames Iran for alleged explosion on board ship in Gulf of Oman Torm books profit for 2020 despite red fourth quarter Seven oil companies want in on new licenses for the Norwegian shelf Belships records deficit after several profitable years Nordic American Tankers books full-year profit despite red fourth quarter Banks prefer to invest in newbuilds despite uncertainty about future fuels Rodolphe Saadé promises better service – if the customers want to pay for it Japanese financing firm to buy new LNG ships through billion-dollar fund Hunter Group is optimistic about tanker market after profitable 2020 Borr Drilling lost more than USD 300 million in the midst of restructuring CMA CGM deploys six large LNG-powered container ships on USA-China CEO of new gas major will focus on green ships and the bottom line for the coming years Nigeria will deploy drones, planes and boats in fight against pirates in the Gulf of Guinea Solstad CEO wants banks to take charge of consolidation Eimskip saves millions of euros on employees after cutbacks Rainmaking will raise upwards of USD 30 million for maritime startups Hitecvision acquires British oil fields from Exxon Mobil Worried Odfjell Drilling more than triples its result for the year Strong tanker year sends Canada's Teekay in the black for 2020 Pacific Basin reports significantly stronger start to the year than usual Dof exits 2020 with massive deficit – rates are too low to handle towering debt Decade-high rates make MPC Container Ships project six-fold increase in earnings this year Former Maersk profile joins IBIA board of directors Keppel makes changes to its chairmanship Hafnia and bunker supplier introduce mass flow meters and digital bunkering in ARA The port in Singapore joins ammonia fuel development project Wintershall Dea lost EUR 839 million in 2020 EU expects to hold first meeting in migrant contact group in March Maersk proposes new board member DFDS will operate green ammonia-powered ferries Grimaldi orders six new multipurpose RoRo ships Norwegian shipping wants money from carbon levy returned to the sector Creditors in distressed bunker company risk incurring major losses Maersk's orderbook has become more regionally focused MAN Energy Solutions ready with methanol engines for the first feeder ships Security firm rebukes EU for sluggishness in fight against pirates in Gulf of Guinea Euronav and Hunter Group sell ships Nordea did not issue a single new loan to offshore in 2020 Blystad-controlled Songa Container is ready to profit on strong container market Aker to list new hydrogen venture Hin Leong files winding-up application Energy coalition with CMA CGM eyes the first results from climate projects Maersk Tankers and Cargill establish joint bunker venture Transocean projects stronger contract activity later this year DFDS and Maersk will use carbon-free ammonia from new huge facility Svitzer's plans for remote controlled vessel enter next stage Task force to ensure more women in Norway's maritime industry Maersk Tankers launches yet another new business leg Competition raid on Norwegian shipping companies fails to produce result Higher oil prices strengthen investment perspective in scrubbers Half-empty warehouses in the US could extend container market boom for rest of 2021 Drilling company prepared to buy several rigs from Fredriksen's Seadrill Lloyd's Register appoints new executive trio to grow maritime business Large damages in shipping make Skuld and other insurers increase premiums Crew can finally be repatriated after 43 months at sea Kuehne + Nagel buys Asian logistics company with 1,600 employees Tanker and bulk contribute to profit for Klaveness Combination Carriers Impairments send BW Offshore into the red Habben Jansen now says container boom could continue into third quarter Maersk Drilling moves jobs from Norway to Poland to cut costs Year-end rally secures Avance Gas large 2020 profit Top diplomat wants network of ships in the Gulf of Guinea to fight piracy Frontline looks into muted tanker market from the start of the year GP Global subsidiary seeks debt moratorium in Singapore Maersk vessel lost 260 containers US steps up heat on container carriers to ease port congestion Dolls on deck is one of Teekay's measures to keep pirates away Golden Ocean CEO points to best start for dry bulk in years Norwegian consortium to build Europe's first green, large-scale ammonia plant Dorian-CEO expects new spike in LPG rates after record start to 2021 DHL will pay extra green bill for customers' LCL general cargo Scorpio Tankers lost more than USD 76 million in the fourth quarter Port of Los Angeles takes steps to battle port congestion Dry bulk operators could face earnings boom in coming years "Record low" order book strengthens Star Bulk's optimism for dry bulk Golden Ocean to buy 18 bulk ships from Fredriksen companies Maersk ship lost "several hundred containers" in the Pacific Aker group books record value surge Customers will pay higher price for Maersk's first carbon neutral ship BW Offshore invests EUR 60 million in French offshore wind company Red-hot container market consolidated Chinese ports' global dominance DSV executive: We should be pleased if the second half of 2021 returns to normal Epic Gas reports profit ahead of merger with Lauritzen Kosan Søren Skou sees many practical issues with upcoming carbon quotas from the EU Maersk aims to operate carbon neutral ship by 2023 Maersk Tankers' digital venture opens office in Greece IMO wants to put piracy in the Gulf of Guinea on the international agenda Monjasa acquitted by Danish Supreme Court court in case about towering oil profit Wilhelmsen, Yara and Equinor in bid to develop the world's first carbon-free dry bulk ship Hapag-Lloyd expects strong earnings growth in first quarter Analyst firm projects the tanker market will bottom out in first half of 2021 Oaktree fund joins forces with Australian bank to finance smaller ships BHP lifts outlook and pays record dividend during supercycle talk Ship sales weigh down Røkke's Ocean Yield in fourth quarter Long-term container contracts increase by upwards of 75 percent German HCOB ready for new shipping loans in 2021 S&P increases DSV's credit rating: Demonstrated resilience throughout the pandemic Maersk is now the only liner company without large newbuilds on order Mærsk Mc-Kinney zero carbon research center calls for Chinese partners Aker Solutions in the red after turbulent year and merger Lauritzen Bulkers opens new office in Hong Kong Former Wrist Ship Supply CEO gets three new jobs Seadrill loses equity holding in Seadrill Partners with new rescue plan Ørsted expects significant growth in offshore wind in Europe DSV wants to enable customers to pick greener routes 90,000 oil jobs could disappear within a decade Two major European ports join forces 15 kidnapped seafarers from Hapag-Lloyd chartered vessel released Seaspan orders LNG-fueled container newbuilds Maersk Drilling CEO sees three major obstacles for strained drilling sector Maersk points to four future fuels: Several barriers still need to be overcome CMA CGM buys planes and establishes new air cargo division Seadrill subsidiary settles forbearance agreement after parent company's Chapter 11 petition Western Bulk says 2021 could bring best dry bulk market in years Hafnia's partner in US methanol plant appeals environmental rejection South Korea's biggest yards increase order target for green ships Dreadful year for drilling sector hits Maersk Drilling with billion dollar loss Eneti, formerly Scorpio Bulkers, sells five ships for USD 88 million ONE completes test of biofuel on the Atlantic Eagle Bulk buys three new ships DSV Panalpina invests heavily in new 2025 strategy DNB acknowledges overly generous loans to distressed offshore sector BW Offshore impairs further and plans to invest in offshore wind Brexit deal hampers UK exporters' freight across the Channel Around one in two Maersk ships arrive late – now Søren Skou wants to correct course Equinor's international problems exposed yet again Odfjell expects slower beginning to 2021 Seadrill files for Chapter 11 in the US for the whole group German terminal operator saw its result plunge by EUR 100 million last year Weak fourth quarter pushes Ardmore into the red DFDS is hesitant about earnings target from its growth plan Maersk reports significantly increased prices in key contract negotiations Unifeeder and X-Press Feeders increase fleets by more than 20 percent since January Norway's DNB further reduces its loans to shipping Media: Port operator assumes control of Lim family's crown jewel Equinor finishes 2020 with fourth quarter deficit of USD 500 million Maersk expects to earn even more money in 2021 DFDS expects to improve its revenue by upwards of 25 percent in 2021 DSV Panalpina launches ambitious 2025 targets for each division Two people have perished at shipbreaking yards in Turkey Valaris nears a solution after reaching agreement with several creditors Analyst expects to see Seadrill in Chapter 11 a few months from now Major container line deflates hopes of imminent resolution to container shortage Prosafe CEO is optimistic about 2021 despite USD 1 billion loss Hapag-Lloyd bags financing for six new container ships Total withstands crisis with profit near USD 900m Crew can soon go ashore after months aboard MSC ship Weak tanker market makes DHT push forward yard stays Container lines blank fewer sailings than expected for Chinese New Year Seaspan expands fleet with order for two container newbuilds Growth sidestepped DP World despite 71 million teu throughput The EU's largest trade agreement to date fades out of sight with climate discussions New Nigerian naval chief issues warning to corrupt personnel CEO says offshore wind could become one of Norway's five top exports by 2030 Norwegian Pro Fuels sold to Singapore company Maersk sues Glencore for bad bunker oil – wants million dollar compensation Seadrill files for Chapter 11 in the US for Asian subsidiaries Oil price climbs above USD 60 per barrel China set to unload some stranded Australian coal amid ban Maersk's acquisition "war chest" doubles in size to USD 20 billion NGO urges EU to include LNG and voyages outside the region in quota system Major bulk players have diligently purchased vessels from Scorpio's fire sale Scandlines has to postpone its climate target Bunker supplier Peninsula adds LNG to its offering Banks face major losses on Hin Leong after potential buyers have withdrawn CMA CGM to expand US headquarters Euronav is ready to deploy USD 700 million Vale to pay USD 7 billion for one of the worst ever mine disasters Cartel case has cost Wallenius Wilhelmsen USD 485 million in total Seadrill gets another extension on payments to creditors Hamburg Süd appoints new CEO Stolt Tankers' new CFO will help pursue a listing for the company Scrap yards disagree with Maersk: Plenty of space at approved EU shipbreakers Danske Bank expects new losses on offshore Up to 30,000 vessels may be non-compliant with the new EEXI regulation Prosafe doubles its deficit in 2020 to USD 950 million Euronav CEO awaits normalization of global oil markets after tough months Fjord Line's new CEO inherits a million lost passengers and a tough crisis Congestion in Los Angeles spreads to nearby ports Navig8 Chemical Tankers sells five vessels with leaseback agreements Alfa Laval's orderbook shrinks due to lower newbuild activity Analyst firm: Crude oil demand may have peaked in 2019 Evergreen orders upwards of 20 new ships Biden's administration makes Ørsted CEO optimistic about approval in the US Why should new crew change alliance make a difference in 2021 when politicians remained mute in 2020? MSC ship loses containers en route to China Frustrated Maersk wants EU speed up approval of shipbreaking in India Congestion in major ports hits container lines with loss of revenue DSV Panalpina secures higher rating from Moody's Iran releases crew of South Korean tanker Dorian LPG to buy back shares for USD 100 million The European shipbuilding industry can expect more layoffs and a lower order book Scorpio Bulkers sells seven ships to Star Bulk as part of exit from dry bulk MPC Container Ships has settled new charter deals for 41 ships Shipowners split their fleets up in two according to new carbon efficiency requirements Maersk Supply Service appoints new CFO BP lost USD 5.7 billion last year FMC urges Biden to prioritize vaccines for maritime employees More than 400 ships ended up on the beaches of South East Asia last year – 10 workers were killed Offshore supplier terminates all employees and sells vessels Bulk carriers head into record year for grain and soy product transports to China PIL secures approval for life-saving rescue plan Maritime battery supplier expands with production of fuel cells Authorities are trying free kidnapped seafarers from Hapag-Lloyd-chartered vessel Biggest gateway for US imports hit by record ship bottleneck Nordea and Danske Bank have more than USD 25 billion in oil, coal and gas Seadrill's forbearance agreement with creditors expires Media: Exxon and Chevron discussed merger Eagle Bulk vessel attacked by pirates off Ghana Concordia CEO fears new ship ordering rush in product tanker More than half of the world's container ships arrived late in December Dof extends forbearance with creditors in limbo ahead of rescue plan Gas ship operator launches world's largest LNG ship type Analyst firm: Stable rates make projected Maersk earnings look conservative ONE earns nearly one billion dollars in lucrative container market Keppel splits offshore business in two and bets on green solutions Navigare expands its fleet with the purchase of new tankers Two of Scandinavia's biggest banks now own ten offshore vessels APM Terminals boosts green transition for US container terminal Scan Global makes acquisition in North America Zim debuts on New York Stock Exchange with big drop Bimco sees imbalance in supply chains continuing into 2021 Tough fourth quarter sends Concordia Maritime into the red for 2020 2020 Bulkers continues its streak of booking solid profits Multi-purpose operators benefit from offshore wind and red-hot container market Big freight rate increases could boost Maersk's operating profit in first quarter Easier crew changes compensate for sliding rates at Stolt-Nielsen's tanker operator Departing Wärtsilä CEO puts faith in vaccine roll-outs after tough 2020 Here is Joe Biden's executive order set to double offshore wind by 2030 and make shipping greener Dan-Bunkering case to commence in October - court earmarks 18 court days Zim lowers its equity offering and price target in IPO Container lines use lucrative 2020 to pay down debt and not on new ships and acquisitions EU working with several models for including shipping in quota system Bunker Holding closes subsidiary's London office after tough year Massive congestion in Long Beach is the wild card in the container sector Wan Hai orders 12 container newbuilds and gains ground on competitor Oldendorff joins development of rotor sails for dry bulk ships Jeff Bezos' fund is part of new association for more climate-friendly freight Keld Demant steps down as chairman of Global Risk ahead of strategy change Nicolas Sartini gets new job after leaving CMA CGM Hapag-Lloyd reports operating profit of USD 3 billion in pandemic year DFDS' new major acquisition comes after years of courting the owner family IMF upgrades its global growth forecast United Heavy Lift establishes joint venture with Zech Fond for new ships MAN to supply engines for Hapag-Lloyd's new mega-ships Hapag-Lloyd believes that container demand will remain high for the next six months Maersk Tankers venture now has 1,300 ships linked to its platform BP drastically cuts oil exploration Equinor and Total in dispute about faulty wells Sveaas' investment firm becomes one of the major owners of Trøim's Borr Drilling Diamond Offshore announces comprehensive restructuring plan DFDS buys Dutch logistics company with 1,800 employees Shipping heavyweights join forces to solve crisis of stranded seafarers Maersk Broker in partnership with platform for alternative ship financing Unemployed supertankers are about to get junked on Asia's beaches Odfjell Drilling signs million-dollar contract with Lundin Energy What is going on with Pacific Basin and Nordic CEOs? Bunker supplier Peninsula expands in North Europe Bunker Holding company sees fierce competition after oil price plunge Shippers with "low-value" goods hit hardest by soaring rates Shippers and freight forwarders: EU to discuss red-hot container market with US and China OOIL raises USD 120 million for new ships and containers One killed and 15 seafarers kidnapped in pirate attack on container ship in the Gulf of Guinea Seaspan brings in USD 200 million from sustainbility-linked bonds A new motorized bow turns tugboats into icebreakers Black Lives Matter stirred up a dilemma for the president of Hapag-Lloyd America Kristian Siem loses ownership control of Siem Offshore DB Schenker resumes freight to UK – DHL suspends some freight in the other direction MSC fired warning shot to ward off presumed pirate attack Borr Drilling raises millions after securing approval for rescue plan V.Group replaces CEO of ship management unit New NGO to enforce standards created by Rightship and Intercargo Prosafe reaches deal with oil company after canceled contract Maersk exec: "We have seafarers that are afraid of pirates – that shouldn't be the case in 2021" Maersk ship is latest example of remarkable container losses in the Pacific Maersk is looking into the possibility of vaccinating its employees Alba Tankers has bought new ships and made USD 16 million in five years Major bulk ships now earn more than five times more than supertankers This is Bourbon Offshore's strategy on how to emerge from the crisis Politicians want dockworkers in LA and Long Beach moved up in vaccination queue US blacklists oil traders and tankers for violating sanctions on Venezuela Maersk ship loses 750 containers in the Pacific Joe Biden signs decree returning the US to the Paris agreement Will Joe Biden benefit shipping? Chief executives disagree Cyprus to lure in shipping companies with "green" tonnage tax Singapore to make huge cash injection in PIL and dilute the ownership Martin Fruergaard replaces Mats Berglund as CEO of Pacific Basin Elon Musk's aerospace company buys two rigs from Valaris Scorpio Bulkers has now sold more than 26 ships as part of dry bulk exit Aker poaches Equinor wind chief Zim to raise triple-digit million dollar sum through US listing Hafnia's US-based methanol plant is rejected by environmental authorities Crisis-stricken Borr Drilling gets green light for rescue plan Maersk Product Tankers divests the world's first ship equipped with rotor sails Equinor and Maersk Drilling continuously assess membership of oil lobbies Lundin and Wintershall emerge victorious from Norwegian licensing round Wärtsilä announces start date for new CEO Søren Skou expects to order Maersk's first carbon neutral vessels in three years CEO sees one impediment in particular for trending wind market Freight prices between China and Europe more than tripled Maersk faces a financial litmus test once the container market stabilizes Singapore is ready to vaccinate more than 10,000 maritime workers Analyst firm sees record-high LPG rates soften Unusual 2020 pushed millions of containers to the second half of the year Major shipping nations disagree on military solution in Gulf of Guinea Investment firms buy terminal in Rotterdam Bourbon Offshore saw activities diminish 20 percent in 2020 Waiting time off major US container ports surpasses large-scale conflict a few years ago Maersk center and Svitzer will work to convert green fuel into electricity Analyst: Towering freight rates in container market are not due to blank sailings Total withdraws from major US oil association Coronavirus crisis gives boost to Tradelens Maersk Drilling finalizes contract with Total United Heavy Lift expands its fleet with eight newbuilds DNB after leaked backup plan on Borr Drilling: Rescue plan is still the primary goal Outgoing chief exec of Wallem Group criticizes charterers in coal conflict near China OOCL's earnings soar on strong container market Analyst expects strain on earnings for Frontline, Hunter and Nordic American Tankers China considers measures to increase capacity and stabilize container rates Maersk calls for increased military protection in piracy-plagued Gulf of Guinea Seadrill company decides not to make interest rate payment Blystad's OHT opens in Denmark with former Maersk, Deme and Ørsted people Fuel trade almost halved in Asia in 2020 Odfjell raises millions of dollars through sustainable bonds Maersk ship attempted boarded by pirates in Gulf of Guinea Danish Shipping hopes for special agreement to allow shipbreaking in India OSM Maritime on new corona restrictions: We are close to the situation seen in the spring Shell climbs to the top as the biggest bunker supplier in Singapore Neon leaves Denmark after remarkable entry that led competing marine insurer to shut down Interpol searching for captain and shipowner after huge explosion in Beirut Flexport: Red hot container market calls for 500,000 new containers Oldendorff, Golden Ocean and Star Bulk still have ships waiting off China: "Completely unprecedented" Robert Uggla calls for moderation in Maersk boom: "Container shipping is a cyclical industry" DFDS upgrades its 2020 guidance for the third time Trøim-owned tanker and gas company sold in billion dollar transaction Price of EU carbon quotas climbs to all-time high Svitzer kicks off 2021 with more questions than answers Bank DNB ready to act if Borr Drilling fails to settle rescue plan Denmark assumes responsibility of European naval effort in Strait of Hormuz Media report Shell to dismiss over 300 in North Sea MSC and Søren Toft join association working to develop hydrogen as future fuel Fidelity leads USD 2 trillion investor group seeking seafarer aid Minister's efforts to secure support for joint pirate effort in Gulf of Guinea fall flat Scorpio Tankers enters several sale-and-leaseback agreements DHL's freight forwarding business lifts its result for the full-year 2020 US crude exports did not result in the boost tanker carriers anticipated in 2020 The pandemic stress tested Maersk's new strategy and its customers' opinions Norwegian tax cuts could create boom in oil projects in 2022 DSME fails to meet its order target for 2020 Hapag-Lloyd vessel attacked by pirates near South America Winter LNG boom creates most expensive cargo ships in history Another senior executive leaves Trafigura and Fredriksen's bunker company Brexit final dash reduces DFDS' setback in cargo volumes Ultraship to digitalize its sailing through agreement with Wärtsilä Hempel set to invest billions in growth plan Owner of Minerva Bunkering buys majority of supplier in large deal Freezing weather in Asia sends energy prices soaring, catching markets off guard Scorpio Tankers projects new recovery for product tanker New report shows difficulty in hitting EU's 2030 climate goals 2020's weak spring in the container market could be recovered in strong final stretch Iran wants frozen funds released following seizure of South Korean tanker DFDS takes Oslo ferry temporarily out of service after new restrictions Nearly 50 drilling rigs retired in 2020 China's iron ore import could be the growth-driver in the dry bulk market in 2021 Analyst firm: Shippers should prepare for increase in bunker surcharge Port of Antwerp is testing sensors for autonomous ships Dry bulk index goes up more than 10 percent Cadeler looks ahead to enormous growth in the market for offshore wind installations Ship orders slump 50 percent with owners unsure which green fuel to use 25-year-old rule prevents permissions for shipbreaking in India Norwegian shipowners want Nigeria to resolve piracy issues in the Gulf of Guinea Close to half of shippers want more logistics partners in 2021 Container spot rates increase for the 13th consecutive week Northern Offshore Services provides seven ships for Ørsted Container volumes almost fully recovered despite large drop in the spring of 2020 Ceva Logistics expands reefer services with new acquisition in Morocco 71 dry bulkers remain idle off the coast of China with no prospect of offloading Odfjell issues sustainable bonds for upwards of NOK 1 billion Rates for the largest gas vessels surpass USD 100,000 per day Maersk appoints new head of green transition Sale of three South Korean shipyards enters final phase Trafigura will lower its carbon emissions 30 percent by 2023 at the latest Norwegian Shipowners' Association hopes for demand growth in 2021 Saudi cuts prompt oil price increase EU's shipping carbon quotas may come into force as soon as January 2022 Scorpio Bulkers announces new name as part of dry bulk exit Maersk prepares for a farewell to record high rates in first half of the year Shipping shares on the Oslo Stock Exchange dropped 11 percent in 2020 USTC-heir makes first move to adjust the organization Hin Leong's court-appointed managers seek to freeze Lim's assets Wallenius Wilhelmsen reactivates nine cold stacked vessels "It is time to take control of your supply chain" Upturn in Maersk's share price could continue until Chinese New Year Final dash in 2020 drives order book for container ships above 10 percent OPEC+ agrees to limit production with Saudi Arabia favoring output cut John Fredriksen appoints new CEO of Avance Gas Boskalis acquires offshore service competitor 2020 was a dreadful year for raising capital in the shipping sector Robert Uggla takes over close to one fifth of Maersk Tankers from the family company Color Line sends home another 500 employees Corona restrictions are unchanged and the new normal for Cpt Debie Morera and his crew Shippers and freight forwarders call on EU to intervene in overheated container market South Korea deploys naval vessel to Strait of Hormuz Shipowners call off fears of UK becoming "European Singapore" after Brexit Odfjell is optimistic about chemical tanker in 2021 on the heels of the best result in 12 years Evergreen container ship loses 36 containers Lightship opens office in Singapore and hires former Ifchor director Shipping stocks fell 26 percent in 2020 Zim to raise USD 100 million with New York IPO Iran seizes Korean oil-products tanker in the Persian Gulf Pacific Drilling exits Chapter 11 following successful restructuring Mine found on tanker vessel near Iraq Bjørn Vang expects long-term contracts to increase by up to 50 percent Container lines' weak reliability in the US is exaggerated Kuehne + Nagel gets approval for sale of British business unit to US competitor Here are five decisive things to keep an eye on in 2021 Maersk is on track to become a modern tech company Arne Fredly sees many shipping companies as "pure fraud" Argentinian labor strike is over - 162 dry bulkers were hit Two container lines in particular expanded their fleets in 2020 Chief executives eye better days ahead for dry bulk Maersk's share price is back at its former glory Shipyards receive another order for ultra-large container ships Maersk Broker merges several activities ShippingWatch will be closed for New Year This year's most read stories: Maersk and DB Schenker, Toft's new job, cyber attack Toft on departure from Maersk: I felt ready to try something new Siem Offshore still waits for clarification from its Brazilian creditors Maersk CEO acts on logistics issues in red-hot container market after US pressure South Korean container lines join forces in regional alliance 140 dry bulk ships with soybeans hit by strike in Argentina Rig company Awilco takes new step in dispute with Keppel A flood of new ships puts pressure on bulk until mid-2021 Sohmen-Pao offers the financial strength that Lauritzen Kosan needs China's regulator approves South Korean yard merger Spetalen's Saga Pure invests in carbon capture technology Clipper expands its fleet with purchase of two ships DFDS dodged the "worst" outcome of the British deal with the EU Bunker Holding eyes more acquisitions EQT to buy majority stake in Norwegian transport major 2020 will be a historically dreadful year for oil impairments Uni-Tankers will hunt for acquisitions in 2021 Borr Drilling appoints new CFO again Container rates continue to skyrocket Danish Shipping fears it will see fewer jobs in British waters ONE to expand its fleet with six of the world's largest container ships Steen Lund believes climate requirements will boost Rightship's CO2 ratings Environmental agency sharpens its assessment of Hafnia's methanol project Cosco and Maersk declared winners of new Asian free-trade agreement Merry Christmas from ShippingWatch DHL expects no container market stabilization until second half of 2021 Stena Line once again sails passengers from the UK Hapag-Lloyd orders six new ultra large container ships BW and Lauritzen create new gas major: BW Epic Kosan Conoco Phillips reports major oil discovery in Norway DFDS employees awarded shares worth USD 18 million BW LPG buys stake in John Fredriksen-controlled company Corona and crew changes have been a costly affair for Anglo-Eastern Greenpeace loses oil case in Norway's Supreme Court, considers EU appeal Kitack Lim criticizes charterers' "no crew change" clauses The Stadil family sells dry bulk company Trithorn Bulk Monjasa deploys new vessel in West Africa as floating storage Morten Engelstoft plans digital transformation of Maersk ports BW LPG plans to install dual-fuel engines on board 15 ships in total Bottlenecks rattle world economy backbone of container shipping Suez Canal extends rebates for ships No normal seasonal fluctuations in container spot rates this year Shell still divesting and forced to book major impairment Maersk calls for international action after new piracy attack in Gulf of Guinea DFDS and Stena Line hit by new restrictions after UK's Covid mutation MSC implores China to allow crew change on bulk vessel off coast Traders at odds with China import ban keep coal cargoes in limbo Scorpio Bulkers books USD 500 million write-down on vessel values Eagle Bulk plans to raise millions for new vessel purchases Crew on board Maersk vessel safe after pirate attack Container freight rates continue upward at slightly slower pace Pandemic could backpedal bunker sales: "IMO 2020 has been a real life-saver" Wilhelmsen strife continues: Cousins raise offer for CEO Eimskip forecasts results for remaining year and 2021 MOL accuses seafarers of "unsafe behavior" ahead of Mauritius grounding Axel Eitzen puts his son in charge of Christiania Shipping Container lines' schedule reliability drops to historic low A.P. Møller Holding injects EUR 20 million into hydrogen firm Maersk Drilling considers entering offshore wind and hydrogen Congestion grows in Chinese iron ore ports Scorpio Tankers beat product tanker rivals despite rate downturn in third quarter ICS shoots down Danish and Norwegian wish for carbon levy Drilling rigs lost billions of dollars in value in just one year Seaspan to raise millions of dollars for acquisitions Shell and Nordkraft launch hydrogen partnership in Norway Maersk secures three-year contract with Novo Nordisk to ship insulin Bunker Holding increases its lead as the world's biggest bunker supplier Keppel to build large wind vessel in the US Former Maersk exec becomes CEO at mining group Alfa Laval to lay off 600 due to oil industry downturn UK wants to challenge Singapore's shipping hub status Norwegian shipowner appeals prison sentence in shipbreaking case Norden sells two tankers and buys two bulkers Carriers flock to trending wind market – but entry costs exclude many Equinor awards big offshore order to Aker Solutions For the first time in 15 years container spot and charter rates see a synchronized rise Bourbon set to divest nearly 100 ships with rescue plan Eimskip's shareholders decline new offer from fishery group 3 out of 15 loan portfolios in Poseidon Principles align with climate target Oil firm Equinor appoints new CFO BW Group takes over 39 percent of US gas tanker carrier in million-dollar deal Large insurance claims lead Skuld to book a deficit for the first nine months Hurtigruten hit by extensive cyber attack UK outlines future halt to oil extraction BP sued for alleged part in Hin Leong case EU criticizes shipowners for using controversial recycling maneuver Newspaper: Maersk risks blacklisting from new contracts in Brazil Seadrill's forbearance agreements expire without new ones in place Torm satisfied with USD 90 million scrubber investment despite oil price drop Australia says coal import ban by China would breach WTO rules OPEC trims demand forecast for 2021 CEO anticipates soaring LNG rates BW Rhine explosion is yet another attack on shipping and Saudi interests Overheated market leads CMA CGM to deploy additional capacity Longest Arctic sailing season tops off a year of climate disasters Noble has sold its last bulker Scan Global is in talks with two acquisition targets Media: Maersk accused of corruption in Brazil Container shortages will continue into the new year Hafnia vessel hit by explosion in Saudi Arabia Cosco sells stake in leasing company to new Chinese state fund Media: Owner plans to shut down major German shipping bank Ursula von der Leyen: Hard Brexit is the most likely scenario Maersk and ONE have to decline bookings in Asia due to overheated market Freight rates on Asia-Europe climb to highest level since 2014 MOL appoints its CEO as new chairman Nordic Shipholding extends loan agreement and plans to sell two vessels Container shipowners' lobbyists reject simple solution to extreme situation EU agrees to reduce emissions by "at least 55 percent" Christiania Shipping completes its refinancing Carbon levy could more than double the price of traditional fuel Next year's oil consumption is not enough for a tanker recovery Equity fund plans to grow ferry operator in the Nordics following takeover Fidelity calls for urgent action to help stranded seafarers Shell appoints new global head of shipping Bjørn Vang Jensen joins Sea-Intelligence's management team Former Panalpina CEO to give Scan Global international dimension on new advisory board MOL to transport coal on board wind-powered vessel Hydrogen could undercut the LNG market Equity fund EQT buys ferry operator Molslinjen Stena Line calls for special implementation phase after Brexit Trafigura divests shareholdings in Scorpio Tankers and Frontline Maersk Drilling appoints new CFO Team Tankers is effectively for sale EU to put shipping first in line for green fuels DSV Panalpina open to joining platforms such as Tradelens Hapag-Lloyd halts pick-ups of empty forty-foot reefer containers Analyst predicts another uncertain year for shipping stocks MAN bags principle approval for new design for methanol-powered product tanker Danish Shipping calls for carbon levy on shipping Vestager asks Italy to put an end to tax exemptions for its ports Investment slump has created an aging fleet of small and medium-sized container ships Norway's police see beaching as a threat to the environment and have another case in their sights following prison sentence Kjell Inge Røkke overtaken as Norway's richest person Hapag-Lloyd upgrades its 2020 earnings forecast due to strong market Freight forwarders can look forward to 5 percent annual growth after tough 2020 Container majors agree on digital bill of lading standards Seaspan expects significant earnings from five new container ships Hapag-Lloyd will decide whether to order newbuilds in the first half of 2021 Rice could become part of Maersk's future fuel mix DFDS sees significant inventory buildup among exporters to Great Britain Maersk Product Tankers sells 14 product tankers Norwegian shipowners say CO2 levy for shipping is a necessity Investors sought for 'green ammonia' plant upgrade in Norway The price made Ziton call off large-scale share issue Singapore-based yard terminates another contract with rig operator Ocean Bunkering set to close shop after Hin Leong scandal CMA CGM shuts down bookings from Asia to Europe until the end of December This is how Ørsted kicked off climate talks with its key suppliers Media: Creditors rage against Fredriksen's Seadrill Maersk drilling bags contract ONE tallies final number of containers lost in the Pacific Danish oil extraction to stop completely in 2050 – license tenders disappear Half of all new dry bulkers delivered in 2020 are equipped with scrubbers Cadeler in talks to buy new installation vessel and cranes worth USD 400 million Container freight rates continue to soar Vitol pays USD 135 million in settlement with authorities in bribery case Swedish investment bank applauds DSV's strategy after latest acquisition Maersk Tankers expands pool with ships from the Lim family's shipowning business Ziton plans to raise millions of euros to purchase vessel Stena has said farewell to 1,400 employees in 2020 Oil advances toward USD 50 after OPEC+ clinches compromise deal Bimco calls on the EU to approve ship recycling in India Former Endofa partner acquitted by High Court in case concerning oil trades Startup established by former Maersk people has surpassed 1,000 ships Family members turn down purchase offer from Thomas Wilhelmsen ONE may have lost more than 1,900 containers near Hawaii Requirements for eco investments could force some shipowners out entirely Trafigura injects more than USD 60 million in hydrogen project DSV Panalpina buys South African company Small and medium-sized vessels benefit from tight container market China to allow Australian coal cargo ashore despite ban Former Panalpina CEO to advise Scan Global's executive leadership Extreme market out of China has DSV chartering ships and containers: "Extraordinary" Singapore banks tighten control after oil trade scandals Greek shipowners oppose the EU's ETS plans: Want tax on fossil fuels instead New tanker pool will invest USD 200 million in more efficient ships Aker Solutions probed for providing false information in Malaysia Postponed OPEC+ meeting triggers oil price drop Søren Toft must break with 50 years of patriarchal hierarchy at MSC Container lines' operating margins soar to decade-high UN to make seafarers key workers during the coronavirus crisis Oil companies paid 21 percent less in taxes last year Celsius bags charter deals for new LNG vessels OECD cuts global forecast, warns governments to maintain support Maersk and CMA CGM want EU to award free allowances to the most efficient ships Exxon Mobil books USD 20 million impairment Four seafarers kidnapped from product tanker in West Africa Hafnia's US methanol project encounters new environmental resistance Seadrill subsidiary applies for bankruptcy protection Maersk initiates DKK 10 billion share buy-back program Yara's plans of an autonomous container ship enters a new phase Søren Skou expects growth from Maersk's blockchain venture in 2021 Opec+ talks delayed as countries fight over oil output Every seventh newbuild is built to sail on alternative fuels Container lines' schedule reliability is in "freefall" ONE expands its fleet with eight huge vessels and opens up for newbuilds Canceled and postponed contracts trigger new major loss for Borr Drilling Rightship picks new CEO with roots in Maersk and DNV GL CMA CGM looks to forestation projects to offset its climate footprint Songa Container postpones remaining scrubber installations Japan and South Korea warn EU against carbon quotas on shipping Dry bulk market sees biggest influx of ships since 2016 Norwegian shipowner sentenced to prison in scrapping case Scorpio Bulkers sells four ships to Pacific Basin Maersk's biggest customer disappointed with the container line's large-scale logistics ambitions Chinese blacklisting of Australian coal hits four Golden Ocean ships 128 seafarers kidnapped in Gulf of Guinea this year after new incident Norwegian investor sells shares in strained offshore ship operator DFDS opens direct route between Ireland and France Container rates continue to skyrocket with sharp increases on Asia-Europe Denmark looked into support for Tunisia during migrant crisis on board Maersk ship Shipping associations want Jeff Bezos to fight for stranded seafarers More than 50 dry bulkers with Australian coal stranded off China Bimco to become "more proactive" at the IMO with new London office Hin Leong founder denies accusations of falsified documents DFDS to operate a hydrogen-powered ferry from 2027 Arne Fredly's tanker operator postpones market recovery after new infection wave The US increases its container alliance monitoring on the heels of rate boom MPC's nightmare summer has transformed into the best market in years Shipowners fear another Maersk Etienne case and call for political action Team Tankers sells European chemical tanker fleet OECD report criticizes LNG and methanol for not being climate-friendly fuels Greek oil tanker sails into mine off the coast of Saudi Arabia Avance Gas sees a positive market looking into 2021 Nordic Shipholding expects to land new loan agreement shortly Bimco calls off peak season for tanker operators Maersk Tankers after 38-day-long migrant crisis: There was no solution in sight Strained PIL reports large net loss for first half of the year Maersk-chartered ship runs aground after collision Frontline faces a fourth quarter with significant rate drops Maersk and MSC lead charge in capacity buildup on the Pacific Port of Hamburg sees drop in cargo volumes leveling out Nixon and Habben Jansen appointed chairmen of World Shipping Council Virus outbreak on ship costs Ziton millions on the bottom line in 2020 Port of Rotterdam has no plans for mass flow meters Equipment shortages lead to more boxes being shipped on other vessels than planned Maersk Drilling signs contract with Total for USD 100 million Oil climbs to highest level since August Three seafarers on bunker ship kidnapped in West Africa DSV's IT chief on integration: The cleanup was greater than expected Borr Drilling's equity emission significantly oversubscribed Diana Shipping has lost more than USD 100 million in 2020 Rescue plan for crisis-stricken rig company approved by court in the US Søren Skou put pressure on the Danish government to help stranded seafarers German oil player hit by low commodity prices Nordic Shipholding races against time to settle debt agreement IMO raises sulfur content limit to 0.53 percent Bourbon's comprehensive restructuring delayed by offshore crisis Strait of Singapore sees significant increase in robberies New wind plans require far more offshore wind service vessels Container lines headed for highest profit in eight years Nordic Shipholding impairs and downgrades its guidance Strained Seadrill secures postponement from some of its creditors CMA CGM Group reports profit of above USD 500 million NTG hires new CEO of air and ocean from Vestas Stena Line reopens route between Denmark and Sweden Maersk Drilling prepares to scrap rigs to improve drilling market MPC Container Ships optimistic about 2021 after Q3 deficit "It may allow people to do nothing for the next few years" Accounting firm puts the Lim family's chemical tankers up for sale Hafnia books small profit despite significant rate drops Bankrupt Stadil company owes millions to Maersk Maersk Drilling raises the bottom of its guidance despite lower revenue Seadrill keeps losing money – has yet to settle rescue plan First supertanker sold for scrapping in 512 days Søren Skou after break from DB Schenker: You win and lose customers Shipping executives believe a vaccine can shorten the tanker downturn DB Schenker hires former Panalpina employees for managerial roles European Union unveils EUR 800 billion offshore wind plan Defense minister meets with Torm chief to discuss pirate attacks Norden ups handysize focus in Asia and the Pacific Maersk Tankers sells vessel that rescued migrants this summer Golden Ocean pleased with its bet on the largest bulk vessels New sanctions on Iran hit shipping companies with ties to religious leader Shipowners have yet to take part in container lines' rate boom Israel's Zim sees recovery continue after record profit Maersk earmarks billions for investments over the next two years Skou unfazed by criticism: "I think our customers are pleased we are doing well" "The alternative to MEPC agreement would have been chaos" Equinor unexpectedly ups Johan Sverdrup output South Korean shipyard to build ten supertankers State prosecutor calls for prison sentence for Bunker Holding CEO Utilization drops significantly in Maersk's port division Thomas Wilhelmsen submits counter-offer to buy out relatives New ships expand fleet of Fredriksen's Flex LNG Maersk doubles its profit in the third quarter Star Bulk CEO: Dry bulk market is driven by global stimulus projects Maersk upgrades its full-year guidance IMO approves much-discussed proposal on how to lower short-term emissions DCSA has settled several new standards Shippers do not want a "Chinese ceiling" on container freight rates Oldendorff sells six ships to Chinese leasing company DFDS to sell duty free alcohol and tobacco to increase revenue after Brexit PIL misses loan payment amid talks to secure financial aid CMA CGM introduces carbon compensation scheme for customers Cadeler plans to raise USD 100 million through IPO in Oslo CMA CGM confirms Chinese pressure after sky high container rates Nordic American Tankers maintains positive market outlook Aker Offshore Wind to increase investment in floating offshore wind Secretary general wants IMO to focus on long-term climate goals Shipping companies say bunker licenses in Rotterdam are not enough to solve problems Danish Shipping celebrates major Asian trade deal Toll Group confirms divestment plans Several fear a useless outcome from this week's MEPC talks Yang Ming handled fewer containers in the third quarter 14 seafarers kidnapped from heavy lift vessel in Gulf of Guinea Maritime & Merchant views bulk and container in a more positive light Container lines move capacity to the Transpacific at speed Maersk Drilling receives contract extension on drill ship from Brunei Shell MSC is gaining ground on Maersk as the world's biggest container line PIL presents details of state aid package totaling USD 600 million Media: Banks divest their debt in Seadrill ahead of tough negotiations One factor overshadowed the pandemic at Hapag-Lloyd in 2020 A supply vessel now costs the same as a cheap one-room apartment in Oslo BW LPG earned less money in this year's weakest quarter HMM still in the black but sees several worrying signs ahead Bank predicts new round of upgrades from container lines Henrik Ramskov and Peter Borup to join new Rainmaking initiative Product tanker carrier d'Amico exits third quarter in the red 2020 Bulkers continues positive streak Tailwinds continue at Hapag-Lloyd – boosts earnings in the third quarter IMO approves guidelines for crew changes during Covid-19 DFDS has to reconsider its ambitious 2023 strategy after Brexit and Covid-19 Golden Ocean hires CCO with experience from Western Bulk Crisis-stricken Dof books new million-dollar losses on fleet Teekay Corporation sees improvement in the third quarter Maersk doubles capacity on intercontinental rail route through Russia German terminal operator launches major cost-cutting initiative Wallenius Wilhelmsen keeps ships stacked after small profit DFDS maintains its 2020 guidance Bunker Holding surprised by charges in Syria sanctions case Nicolas Sartini leaves CMA CGM Dan-Bunkering formally charged with supplying jet fuel to Syria Shell plans to dial down oil at its large Singapore refinery Odfjell also wants to be climate neutral by 2050 Torm's overheated spring turned into a cold shower over summer: "We're challenged" Norwegian dry bulk operator points to low order book after new deficit Container shortage pushes rates to highest level since 2009 Denmark wants to increase maritime security in Gulf of Guinea Torm reports slight profit for the third quarter Noreco in deficit despite favorable price deal Port company hooks 31 terminals up to Maersk's digital platform Wind service operator Cadeler adds prominent people to its board DHL transported fewer containers in the third quarter China is now the world's largest reefer importer: "It's very significant" Seaspan slightly upgrades its results forecast CEO takes over ownership of tanker pool from George Economou Customers criticize DNV GL in espionage case Strained PIL launches comprehensive restructuring Bunker companies were hit by dual-shock in Singapore DHT Holdings' result plunges on diving supertanker rates Color Line cancels passenger traffic between Denmark and Norway Prosafe extends contract on hotel rig with room for 500 oil workers Three ships attacked within six hours in Singapore Stolt Tankers forms joint venture with Essberger Tankers in Europe DNB sees offshore moving in the wrong direction Growth in container transport escalates market imbalance Large-scale merger in the Norwegian oil sector secures crucial approvals UK tightens restrictions on ferry freight from Denmark after mutated coronavirus Shippers are dissatisfied with high prices, poor information and container shortages BW Group becomes major shareholder in wind service operator Cadeler Call for action after pirate attack on Torm ship Major bank sues Lim family for alleged fraud in Hin Leong 17 million corona-infected mink lock down Danish maritime hub Danaos impressed with container lines' recovery during coronavirus Boskalis maintains full-year guidance despite Covid-19 Havyard shuts down newbuild operations and lays off 100 in Leirvik EU Commission downgrades GDP forecast for 2021 significantly Tyra project delayed nearly a year due to production problems Eagle Bulk eyes turnaround in the dry bulk market despite growing deficit Euronav projects new scrapping of supertankers Banks could end up as co-owners of debt-plagued Prosafe Concordia plans to get rid of the hangover from spring's tanker party Full inventories result in losses at Scorpio Tankers Anders Grønborg becomes head of sales at Bunker Holding Seven European countries join forces ahead of MEPC meeting Odfjell launches new pool with Navig8 Chemical Tankers Icelandic fishery group resumes efforts to buy Eimskip Euronav secures Poseidon-compliant loans and credits Norden CEO on China: "They have recovered faster than the rest" Bunker Holding owner hunts new golden eggs to diversify business Maersk Drilling signs contract with Dutch Petrogas Japanese shipowner plans to finish clean-up of oil spill by January Creditors sell out of shares in strained Solstad Ardmore books deficit in third quarter after big rate drop Jan Rindbo on suspenseful US election: Quick clarification is crucial BW LPG completes test of dual fuel vessel Kuehne + Nagel ranks 15 container lines based on carbon emissions Israel's ZIM buys another 1,000 reefer containers Ship sales gain traction again after worst quarter since 2008 Danske Bank expects losses on oil and gas Østergaard's SDK sets its sights on air & sea in next acquisitions MSC buys several container vessels managed by Zeaborn Norden upgrades its 2020 guidance again More than 4 million containers passed through Port of Shanghai in October Climate requirements will radically change the bunker industry Concordia says market is hung over after the oil party at the start of the year Habben Jansen believes in growth in 2021 and a record-low orderbook Transocean books USD 69 million deficit in third quarter Lauritzen Bulkers expects profit in 2021 Singapore to tighten up with new financial code of conduct in the wake of oil scandals Kjell Inge Røkke's shipowning unit hires Danske Bank shipping chief Charterers face criticism for blocking crew changes aboard dry bulkers Torben Østergaard-Nielsen's company buys logistics operator Freja Former EU Commissioner joins board of Maersk's research center EU environmental committee will out-phase open-loop scrubbers on ships Tankers for Trump – bulkers and boxships for Biden Gas rates down almost 50 percent for Dorian LPG World's 15 biggest container lines see schedule reliability drop further Covid-19 has oil traders storing diesel aboard supertankers DB Schenker has moved business from Maersk to MSC Seadrill risks defaulting on loans after expiration of forbearance agreement Lundin Energy's sales halved in the third quarter Yet another drilling company files for Chapter 11 in the US DSV says customer needs have changed: "We see more complex supply chains" Cosco places billion-dollar order for new megamaxes Siem Offshore gets respite from creditors until New Year Poseidon Principles believes in accession from important Chinese lenders Exxon Mobil reports big net loss and downsizes Hafnia launches test of coal-based fuel Despite serious cyberattacks, IT security is lackluster at several container majors MOL disappoints on revenue – but delivers surprising profit World Fuel Services sees low demand continue into 2021 US firms interested in Israel port after passing last time Total back in black after billion-dollar losses at the start of the pandemic ONE grows profit four-fold in first six months on booming rates Maersk Tankers' digital venture expands its board Wärtsilä expands business to include sale of rotor sails DSV expects more big clashes when the time comes for new acquisitions Aker BP reports solid profit for third quarter Siem Offshore expects more vessels to be laid up Søren Skou: Presidential election will not change relationship between US and China Equinor doubles deficit following billion-dollar impairment 2020 Bulkers moves to the main exchange in Oslo DSV is done integrating billion-dollar acquisition Panalpina Bimco: 500 days since last scrapping of a supertanker Cargill to install sails on product tankers Hafnia's methanol plant lost an important supporter when the governor had a change of heart Nordic American Tankers to issue new bonds for millions of dollars Kuehne + Nagel's workforce is down by 5,000 in 2020 Total inks deal with Hafnia for new LNG vessels Maersk layoffs come as surprise to Hamburg Süd employees Prosecutor calls for prison sentence for Norwegian shipowner in scrapping case The world's biggest bunker port seeks new LNG suppliers DSV Panalpina buys freight forwarder Prime Cargo Maersk has installed scrubbers on board nearly 100 vessels Hafnia's methanol project faces criticism: "Not as green as advertised" Container ships are now even worse at arriving on time Scorpio Bulkers books major deficit for the third quarter and initiates bulk exit BP books modest third quarter profit US introduces new round of sanctions on Iranian oil companies Portchain launches pilot with German container port Container executives expect US import boom to slow down Maersk aims harsh criticism at IMO after climate negotiations One in four floater rigs could end up as scrap following the pandemic Container lines increase capacity on the Pacific big-time United Heavy Lift opens office in Houston Fierce criticism of IMO meeting: "Financial interests beat out green ambitions" Maersk wants to copy Uber and to conquer untapped billion-dollar market Special forces free hostages from oil tanker in the English Channel China to manifest its growth dominance with new five-year plan Endofa doubles claim against former partner DP World expects stable year after growth in container volumes Large fuel bill has been turned into billion-dollar savings for container lines Robert Bugbee heralds Scorpio's full exit from dry bulk OOCL lifted both revenue and volumes in the third quarter IMO meeting criticized for postponing tough discussion DFDS' cost reduction measures increase layoffs by 150 employees Nordea lowered its exposure to shipping and offshore Wärtsilä hit by low ordering activity Danske Bank points to the climate winners and losers in shipping Gas leak at Tyra field had two people in mortal danger Japan's NYK Line buys Total out of LNG company DFDS upgrades its 2020 outlook again Equinor's CFO steps down – replacement found internally BW Offshore liquidates subsidiary and expects new large impairment Wilhelmsen and partners get EU millions to develop hydrogen-powered ship Port of Rotterdam introduces long-awaited bunker license next year Maersk's former climate director lands new job outside shipping More diesel in ship fuel raises risk it may turn into sludge Alfa Laval's order book shrinks Carsten Trolle provides behind-the-scenes look into DSV's acquisition process BP's market value drops to 26-year low Wallenius Wilhelmsen's billion-dollar contract at risk after complaint in the US Offshore sector accounts for more than half of DNB's non-performing loans Investigation points to dangerous cargo as likely cause of fire on Maersk Honam Scorpio sells another dry bulker V.Group adds 41 container ships to portfolio Throughput drops in Rotterdam: Too early to say whether the worst is over Viking Line hit by plunge in sales - government steps in with million-euro loan Mauritius court denies bail to captain of sunken Japanese ship DSV prepares for peak season by adding air freight capacity Shell's shipping chief sees hydrogen as the best contender for fuel of the future European container lines exit coronavirus crisis with improved credit ratings Maersk Drilling bags USD 30 million contract in Angola Eimskip reports increased earnings for third quarter Global order book for new commercial vessels at 30-year low Color Line sends 400 employees home Solstad gets green light for restructuring: "A new beginning" Norwegian offshore wind sector wants billions of NOK from government for development Russian agents charged with large-scale cyberattack against Maersk Fjord Line cancels sailings between Denmark and two Norwegian cities Crisis-stricken Ocean Tankers to return all vessels to shipowners Total delivers carbon-neutral LNG Hin Leong's bunker company has licenses revoked in Singapore Kuehne + Nagel saved CHF 77 million on personnel during Covid-19 DSV: The financial crisis was worse than the corona crisis US agricultural sector criticizes container lines US oil giant to acquire rival in billion-dollar transaction Maersk Tankers: Regional regulations could create clarity for the sector Golden Ocean makes third change to management in less than a year Transocean gets warning from New York Stock Exchange Textainer sees container shortage persist well into 2021 Outgoing Ørsted CEO to join A.P. Møller Holding as advisor Zim appoints new chairman The global fleet of container ships is developing in two directions Former energy minister set to join Solstad board Six green NGOs warn IMO against watering down carbon target Maersk terminates agreement with DB Schenker after attempt at hijacking customers Strained Seadrill books new contract in the Gulf of Mexico Scorpio Bulkers has sold ships for more than USD 100 million in one month Svitzer expands its business in Germany Transocean faces criticism after layoff round: "Has created a culture of fear" Norden sells tanker vessel after brief ownership Maersk writes off hydrogen as fuel for containerships in the short-term Singaporean shipowner to test biofuel aboard tanker vessel CMA CGM and MSC complete their Tradelens data integration Trøim's gas company gets some much-needed tailwind with contract in Brazil Klaveness CEO: The battle about CO2 quotas on shipping is lost Stena Line to deploy two new ferries in the Baltic Sea next year Navigare buys two dry bulk ships from Scorpio Hapag-Lloyd upgrades 2020 guidance after strong third quarter Kidnappings of seafarers increase big-time the Gulf of Guinea APM Terminals sees growth opportunities during the pandemic Maersk Tankers and Torvald Klaveness urge shipping to embrace regional climate regulation Strained PIL asks for another postponement of its 2019 report Hapag-Lloyd gets highest credit rating from Moody's since 2010 Greece's minister for shipping lashes out at EU's carbon quota plans CMA CGM's new LNG vessel sets record Seaspan kept ships from being returned during the pandemic CMA CGM refinances loan of more than EUR 500 million Pacific Basin's vessels see 10 percent higher earnings Shipping employees are looking to re-locate closer to home after coronavirus Ferry operators bag new Brexit contracts totaling more than GBP 70 million Fjord Line to lay off employees again - CEO steps down Hunter Group to collect data from its tankers CEO of family-owned yard group steps down after 22 years CO2-neutral vessels could be ready as early as 2024 Maersk layoffs will not affect the group's headquarters China will allow crew changes in ten ports Analysts disagree on when the tanker market will recover Strong industry forces want focus on carbon neutrality at MEPC Offshore operator under Chapter 11 sells off its fleet Maersk lays off 2000 employees and upgrades its full-year guidance China Navigation bets on project cargo with former Zeamarine employees IEA sees oil demand suffering long-lasting blow from coronavirus Hygo gets new CEO after corruption accusations against former chief exec Analysts see new acquisitions on the horizon at DSV after major upgrade Container majors' schedule reliability has gone down over the past nine years Shipping will feel the US election on two points in particular Norwegian oil strike called off France's Le Havre port to collect dirty washwater from scrubbers Two factors determine whether fuel cell engines become successful Danish government creates work group to avoid new Maersk Etienne situation Japanese carrier orders two zero-emission electric-powered tankers Container market resumes growth - but demand is lopsided CMA CGM's systems up and running again after cyberattack DSV Panalpina upgrades full-year guidance Equinor admits major US failure: "This is tough reading" Rolf Habben Jansen predicts long-term coronavirus consequences Container rates withstand traditional pressure from China's Golden Week Opec does not expect biofuels to play a significant role in the coming 25 years The coronavirus crisis takes a big toll on suppliers' revenue Svend Andersen on comeback: "I didn't think I would be the chief executive ever again" Norwegian shipyard extends shutdown following new Covid-19 infections Eimskip will soon take delivery of last ship for RAL partnership Only one bidder left for Denmark's eighth oil license tender Swire Blue Ocean pursues IPO in Oslo Total withdraws from latest oil tender in Denmark V.Ships appoints new managing director for Germany Partnership to supply LNG for Singapore and Europe Shipowners disappointed by the EU's migration pact: Merchant vessels are not included Booming rates boost container lines' appetite for newbuilds Stolt-Nielsen expects strong chemical tanker market to continue DHL raises its full-year guidance Billion-dollar expansion of biggest Nordic refinery dropped after climate protests BW Group acquires stake in company developing bio fuels Stormgeo-owner wants to drive consolidation in route systems for shipping Strike threatens production at Equinor's biggest oil field Equinor hit by major bills and delays on prestige projects Two container lines in particular benefit from booming freight rates on Pacific Court allows case on unfitness against Thor Stadil and Thorco execs China is building mega refineries just as fuel demand stalls PwC looking for buyers for bunker supplier in Singapore Cargill, Trafigura and Norden want shipowners to publicly disclose CO2 emissions MAN and DSME get approval for ammonia-powered mega-ship design Frontline CEO Macleod steps down The world's biggest bunker port will expand its LNG capacity IMF sees global economy on track for recovery Transocean once again fighting to avert bankruptcy Former director of bunker company sued for more than USD 150 million All commercial vessels in Nigeria now have three months to get their papers in order Major merger creates new British oil giant Hafnia ready with dual-fuel methanol vessels in 2024 Startup with Hapag-Lloyd among its customers targets bigger slice of digital shipping market Shipping executives are more worried about an economic crisis following covid-19 Exxon Mobil plans 1,600 job cuts in Europe MSC believes in hydrogen as the future fuel for the container sector Equinor criticized for plans to take advantage of climate summit Svend Andersen returns to multi-purpose with Intermarine takeover Moody's raises the outlook for Maersk to "positive" Frontline and Euronav remain optimistic in spite of new oil peak scenarios Euronav sells tanker at a profit after just 11 months of ownership Bunker CEO charged in case of oil theft from Shell CEO leaves Maersk partner due to alleged ties with Jeffrey Epstein's ex Shipping nations' joint proposal lacks concrete content Two subsidiaries under CMA CGM are now fully back online after cyberattack Standard & Poor's raises Hapag-Lloyd's credit rating North Sea rig strike escalates and shuts down four oil fields Hackers may have gained access to information about 1400 Blue Water employees Container lines' rate boom can be explained by one key driver in the US S&P upgrades its outlook for CMA CGM Wintershall Dea completely electrifies Germany's biggest oil field New ownership structure underway for Christiania Shipping "I haven't been struggling making the uncomfortable decisions" Maritime startup adds dry bulk carrier to roster with over 200 ships signed up Equinor shaves 30 percent off exploration budget EU leadership sets the stage for state aid battle Maersk fined in Denmark for violating the firearms act Strained offshore ship operators continue talks with creditors Dee4 Capital Partners to expand its fleet with credit arrangement This is your shipping calendar for December 2021 Fund director replaces longtime member of Monjasa board Shipping nations join forces in surprise proposal ahead of new climate meeting BP Singapore oil traders leave after probe on disputed deals Seafarer admits to knife murder aboard MSC chartered vessel IMO hit by cyberattack DSV Panalpina hires new head of sea chartering from SAL Heavy Lift Clipper's new CEO plans to buy more ships after tough years Mads Meldgaard and two others leave Team Tankers Seadrill announces new CEO amid talks with creditors Peter Norborg reveals new job day after exit from Clipper This is your shipping calendar for January 2021 This is your shipping calendar for February 2021 This is your shipping calendar for March 2021 This is your shipping calendar for April 2021 This is your shipping calendar for May 2021 This is your shipping calendar for July 2021 This is your shipping calendar for August 2021 This is your shipping calendar for September 2021 This is your shipping calendar for October 2021 This is your shipping calendar for November 2021 CMA CGM suspects data breach from cyber attack Esvagt secures millions of dollars to kick off new wind venture René Kofod-Olsen becomes new CEO of V.Group Wärtsilä appoints new chief executive Perfect combination sends container lines' operating margins soaring Seadrill extends forbearance period with its creditors Peter Norborg steps down as CEO of Clipper Borr Drilling founder Trøim subscribes to shares in equity offering Analysts see new guidance upgrades in store at Maersk ZIM confirms plans for listing and hires bank to help Chief exec of Trøim's latest IPO goes on leave following corruption accusations Keppel considers sale of offshore business CMA CGM releases new update on cyberattack: Operations are functioning Silence from CMA CGM about cyber attack confounds observers Bimco nominates its presidential candidate for 2021 Hamburg's biggest terminal operator enters Italy with new investment Norwegian scrubber producer to raise millions for hydrogen project for ships Sovcomflot to raise more than USD 500 million on the Moscow stock exchange Shipping's climate exam could be made more difficult by the pandemic Borr Drilling postpones capital injection deadline again Container lines' schedule reliability fell to new low in August Scorpio Bulkers kicks off wind venture with sale of dry bulker Bondholders ready with loan for strained Valaris DHL to offer carbon neutral freight of small goods 17 seafarers have tested positive for coronavirus on Oldendorff vessel CMA CGM confirms cyber attack Monjasa has navigated through sulfur regulation, pandemic and oil collapse in 2020 Hapag-Lloyd expects container availability to remain a challenge for months Equinor commences billion-euro expansion Analyst firm: Tougher competition between the world's ten largest container lines IT issues shut down CMA CGM websites Maersk Supply Service and Ørsted plan ship-charging trial Hin Leong founder hit with new charge Eimskip under scrutiny in Iceland – sold vessels ended on the beaches of India Trafigura proposes CO2 tax of up to USD 300 per ton on marine fuel Logistics companies face big dip in cargo volumes in 2020 Borr Drilling extends equity offering deadline New report: Shipping needs to get started on green fuels now Scorpio Tankers settles leasing deals for eight ships and secures funds for scrubbers Nordic shipping dynasties share a similar fate in oil downturn Hapag-Lloyd in talks with shipyards about buying mega vessels Danske Bank doubts loans for ships with climate footprints by 2030 Trøim's latest IPO hits problems as CEO is accused of corruption Norges Bank projects drop in Norwegian oil investments ahead of 2023 "We must acknowledge that there's a political will to introduce CO2 quotas for shipping" Henriette Thygesen wants the UN to help solve the crew change crisis ONE partner projects better 2020 after rate boom on Pacific Seadrill subsidiary's offices searched in connection with Brazilian corruption case Media: South Korean yard prepared to make concessions for EU merger approval Norwegian shipping and oil magnates have lost billions of NOK in 2020 CMA CGM buys 30 percent of French airline "With an old-fashioned shipping model, we wouldn't have had a good year" Nordic American Tankers orders two new ships DSV share surpasses DKK 1000 for the first time Maersk acknowledges that there has been a container shortage for months MPC Container Ships appoints new CFO Aker Solutions bags major electrification order on oil field Rusty cable caused accident on Torm vessel EU countries looking for shortcut to India for end-of-life cargo ships Borr Drilling secures financing and plans to raise further capital Norden upgrades guidance – dry bulk business is a driver Analyst firm: Scrubbers have a lower carbon footprint than VLSFO China aims for climate-neutrality by 2060 Medium-sized container ships hit highest rates in nine years Transpacific boom causes delays and container shortages for DHL on key route CMA CGM launches LNG-powered mega vessel Skou to 70,000 employees: Tell me about inappropriate behavior Container lobby warns: European quotas will complicate IMO's climate work Dry bulk operator enters ship management Jet fuel is now so cheap it is being blended for use by ships Port of Antwerp plans shift to methanol Maersk family gives Kristin Holth another board seat Mining major to transport iron ore on LNG-powered vessels ITF issues stern warning: Coronavirus exceptions must not become permanent Oaktree has upped its stakes in both Torm and Ardmore Shipping Scrapping of old tankers reach 30-year low Maersk resumes blanked sailings on the Pacific DSV scrambles for container slots on the Pacific OSM Maritime close to taking over company from Fredriksen carriers Fjord Line details layoff plans – some could be rehired Half-empty inventories in the US are good news for container lines Drilling company loses contract with BP ahead of schedule Novo Nordisk to suppliers: Switch to green transport or lose us as a customer Euronav's CEO points to hydrogen and ammonia as the fuel of the future Maersk and Hapag-Lloyd want more mid-sized customers Shipping profiles race to conquer booming wind market IBIA: Coronavirus crisis could trigger double-digit drop in demand for bunker oil Ziton to bring in EUR 100 million in equity offering Container rates climb for eight consecutive week New operators fought their way through coronavirus crisis: "It's been tough" Japan sends team to Mauritius to investigate grounding incident Kristin Holth awarded seat on Gaslog's board of directors Maersk Drilling will halve carbon emissions from its drilling activities in the coming decade Wilhelmsen heirs offer to buy out CEO and family Shipowners' associations warn against EU's quota system Jens Martin Jensen appointed CEO of tanker owner Athenian Holdings European Parliament votes in favor of tighter climate requirements for shipping Major supply ship operator points to upwards of 700 demolition candidates RAL Chief Executive after criticism of Eimskip partnership: Our service is the same Scorpio Tankers beat its rivals in all-time high tanker market OOCL resumes several blanked sailings from China to the US Major bank: Mærsk, Fredriksen and Odfjell should join forces in drilling Shippers say they paid the bill for the container lines' party DFDS in talks with French authorities about wage compensation DP World to explore infrastructure developments in Israel Media: Sovcomflot plans IPO in Russia German shipowners on quota system: EU should concentrate on global regulations Media: China to launch probe if container lines increase rates further German bank profits from its competitors' exit from shipping Maersk uses excess capital to buy up own debt Seadrill enters forbearance agreements with certain creditors CMA CGM's LNG-powered megamax ship to hit the water soon EU accepts container lines' major rate increases US violated trade rules with tariffs on China, WTO says Wilhelmsen buys offshore wind service group European politicians want ambitious carbon regulations Leaked draft keeps door open to more comprehensive quota system Ferry operator Fjord Line to send home and lay off up to 200 China plays key role in dry bulk rates for the rest of the year Blue Water hit by cyber attack Bunker Holding subsidiary brings former OW manager to Hamburg IMO calls on member states to solve issues with stranded seafarers Seadrill buys shareholders out of Asia Offshore Drilling Ocean Yield books another major impairment on FPSO Leaked draft: Shipping to be included in EU Emmissions Trading System Desmi owner calls off sale Hunter Group brings VLCC back again Banks have largely stopped lending to offshore: "Almost everyone is undergoing restructuring" EU's 2030 climate target talks now start in earnest Chinese holidays could trigger more blank sailings between Asia and the US German shipowner divests and fully exits dry bulk BP: Global oil demand has likely already peaked Almost 70 rigs are set to join crisis-stricken drilling sector Oil giants invested large sums in dubious Angolan research center Container rates between US and China climb to record highs Stranded migrants from Maersk Etienne come ashore in Sicily Uggla criticizes EU in case about Maersk Etienne Migrants from Maersk Etienne moved to NGO ship Container lines summoned to meeting in China within next few days Doctors and medical personnel have attended to migrants on Maersk ship Major mining group BHP sets requirements for shipping in new climate strategy Shipping is searching for its Airbus moment in showdown with EU Traxens enters partnership with Cosco – deal with Maersk is dragging out Scandinavian bank shuts down oil and shipping fund after 23 years Politicians cast doubts on final destination for migrants on tanker vessel EU Parliament committee demands 60-percent CO2 reduction by 2030 MOL earmarks USD 9.4 million for clean-up after oil spill near Mauritius Increase in claims sends Skuld into the red in first half Søren Skou warns against increase in protectionism after corona crisis Sohmen-Pao says a significantly higher CO2 tax is needed to make ammonia attractive Norwegian offshore shipowners expect record number of stacked ships in 2020 Supertankers again in play as floating storages Asia sees surge in piracy and crime at sea Europe has no overview of China's strategic acquisitions in the Union The Alliance voids more sailings in October Tradelens is well on its way to integrate Maersk rivals on the platform The creditors' lawyer to continue as trustee of Stadil bankruptcies Equinor and BP join forces on US offshore wind Media: Exxon has to find USD 48 billion Danish prime minister and EU president have discussed migrant crisis on Maersk Tankers vessel Solstad to buy back debt of nearly NOK 1 billion Capesize rates cut in half in just a few months: "The spell is wearing off" Jutta Paulus ahead of vote: Carbon quotas could be pushed back one year Migrant crisis has ships going off radio and rerouting near Malta Torm settles with Asian shipowner in case related to tankers Birthday celebration behind Mauritius ship disaster 2020's corona crisis likely means oil demand peaked in 2019 California route is now the most lucrative for container lines CEO on past drilling mergers: "A pure catastrophe" Kitack Lim demands solution for stranded seafarers as soon as possible Navig8 Chemical Tankers improves results CEOs at Hafnia, Stena and Euronav all publicly support Maersk Tankers Shipping companies should keep an eye on three elements in environmental legislation Maersk wants 900 headquarter employees work from home Former employee of well-known bunker company charged with bribery United Heavy Lift rides wave of new hires and ships Denmark in dialog with Tunisia about fate of migrants aboard Maersk ship Vessels with scrubbers look like the biggest sulfur cap losers Synergy Group expects to maintain 30 percent growth rate Sovcomflot orders 10 LNG vessels together with Russian partner Competitor targets Damco's customers in the wake of Maersk's new plan Singapore extends block exemption for container lines Toll Group's deficit grows to almost half a billion dollars European Commission cannot help stranded migrants aboard Maersk Tankers ship Saudi Aramco forced to pay to dividends despite coronavirus pandemic Norwegian billionaire investor considers selling major stake in Transocean Engineering firm: Some scrubbers need repairs after six months Fire aboard supertanker is put out Malta denies responsibility for migrants aboard Maersk ship Golden Ocean hires new CFO from Avance Gas Saudi Arabia cuts oil price Container freight back to normal levels despite Covid-19 crisis CMA CGM Group delivers significantly stronger operating profit Maersk Tankers and migrants caught in political deadlock Stena Group's half-year result heavily impacted by corona pandemic Color Line slashes costs and plans to lay off 300 employees Maersk highlights biggest stumbling block in green transition Unifeeder CEO after new acquisition: "You can never say that you're done" Consortium has breakthrough with carbon capture Tanker with 2 million barrels of oil catches fire off Sri Lanka US adds 11 companies to sanction list The UK issues 113 new oil licenses and takes a break 41 seafarers still missing after shipwreck near Japan Uggla criticizes authorities in migrant case: "Deeply concerning" Container rates reach eight-year high – but challenges loom ahead Haldor Topsøe wants to supply green ammonia for shipping in two years CMA CGM stands up for LNG after criticism of methane pollution Former Baltnav partner to head Norden's handysize business in Asia Wilhelmsen owners pocket NOK 900 million in dividends in five years Equinor blames DNV GL for errors aboard mega vessel DP World and Canada fund plan USD 4.5 billion of port investments Synergy disappointed by IMO during crisis with stranded seafarers HMM and terminal major PSA form joint venture Coast guard searching for ship with 43 seafarers on board United Heavy Lift employs former senior exec from Zeamarine Eimskip performs better than expected: "I am quite pleased" Rig operators have impaired for billions of dollars – several will have to fight hard to survive DFDS reveals details about its plans to go climate neutral Commodity trading major buys stake in Maersk Tankers' digital venture Chinese holiday makes container lines void sailings Frontline predicts unusually tough winter for tanker shipping companies Mauritius demands USD 34 million from Japan after oil spill Nordic Shipholding has four months to find a solution Bunker company impacted by Hin Leong scandal Two auditors from Deloitte fined for their roles in OW Bunker This is your shipping calendar for June 2021 Analyst: Maersk's new plan casts doubt on the future of the Hamburg Süd name Two people killed during cleanup after oil spill in Mauritius Offshore company awarded contract off Trinidad & Tobago Layoffs and managerial change prepare Maersk to embark on the 20s NTG hit a wall during the crisis: We lack scale at sea New wind installation vessels must be ready for the offshore wind turbines of the future Here are the details of Maersk's new plan Creditors send restructuring proposal to Seadrill Celsius Shipping's first LNG ship will sail for Gunvor's shipping unit Solstad impairs its fleet value by almost NOK 1 billion Maersk about to announce large-scale reorganization Cosco reports profit of almost CNY 2 billion for first half of the year Container rates keep climbing while shipping lines deploy more ships MPC sees several signs of improved container market Hin Leong founder and his children sued for USD 3.5 billion Stolt Tankers buys five chemical tanker vessels Thorco ships sold to German shipping company CMA CGM has set a climate target but the path to get there is unknown Hafnia invests millions in methanol project Singapore takes new steps to help bring seafarers ashore Maersk Drilling receives million-dollar contract extension John Fredriksen appoints new CEO of Seatankers Nearly one in five supertankers are currently inactive XO Shipping launches ambitious 2023 plan Scorpio's offshore company appeals NYSE delisting Thorco companies were most likely insolvent already in 2016 Sovcomflot grows its result by more than 50 percent in first half-year Borr Drilling books USD 110 million loss Norwegian ferry operator reports massive deficit in first half of 2020 Hafnia books best quarterly result to date Ziton gets fresh capital from equity fund Hunter Group has now taken delivery of all its tanker newbuilds Oil drops from five-month high with hurricane heading inland A myriad of projects are working toward the ultimate goal: A climate-neutral ship Siem Offshore impairs fleet by USD 250 million Odfjell Drilling enters offshore wind APM Terminals expands port in West Africa Thor Stadil hits back at creditors: "There is no substance to those cases" Team Tankers reduces loss after Maersk collaboration Optimism put to the test at Danish Ship Finance after new loss BW LPG delivers yet another large profit Frontline books USD 200 million profit in the second quarter Prosecutor: Maersk profited significantly from alleged bribes in Brazil Wallenius Wilhelmsen taps bond market for more than USD 200 million BW Energy reports profit for second quarter Havila Shipping impairs the value of its fleet Seadrill could end up in new Chapter 11 Maersk's offshore carrier wants to participate in booming wind market: "We're strongly positioned" Virus outbreak halts Nordic Shipholding's merger talks The inactive container fleet hits lowest level in 2020 Singapore approves merger of South Korean shipyards Drilling share set to be delisted in the US Rolls-Royce establishes unit to develop zero-emission solutions Major impairment drags GC Rieber into the red Container volumes in Chinese ports dropped in first half of the year Norwegian asset manager Storebrand drops investments in oil and coal Floatel acknowledges "unsustainable" situation after huge impairment Maersk's Russian port operator grows its revenue despite coronavirus Thor Stadil could be forced to leave his life's work following shipping bankruptcy HMM to test biofuel on its ships Seadrill heralds comprehensive restructuring after new major deficit Media: Zim considers IPO abroad Oil company shuts Norwegian office and announces layoff plans Lloyd's Register finds new CEO internally Maersk looks for specific competencies rather than size in search for acquisition targets Maersk invests in Australian logistics startup "It's a widespread misunderstanding that it's a matter of getting the lowest rates" Drewry projects big growth in reefer market in coming years Former Maersk executive charged in alleged bribery case in Brazil Analyst firm now predicts large profits for container lines Saudi Arabia's Bahri orders ten new chemical tankers EU and US agree to remove extra tariffs on a series of goods OOCL maintains profit in first half of the year Shipping associations want regulations on hazardous materials postponed for a year 14 crew members missing after ship catches fire Wärtsilä and MAN Energy Solutions race to build ammonia engine Belships in the red: Lockdowns during corona "eliminated" recovery One year after major acquisition DSV has defied both a pandemic and cultural clash Media: Pirates attack tanker off the coast of Somalia Norwegian bank DNB looks set to become shareholder in drilling major European nations reject US demand for reimposed Iran sanctions Norwegian car carrier earmarks more money for protracted cartel case Odfjell hires its first chief sustainability officer Espionage-charged DNV GL employee worked for 50 customers Maersk tanker anchored off Malta with migrants for 16 days: We need a solution now "We acted much differently than during the global financial crisis" Prosafe CEO describes 2020 as a lost year DFDS is betting on three horses in race to meet climate targets Wintershall takes plunge after low oil prices Odfjell rides on the wave of a strong chemical tanker market Wallenius Wilhelmsen's earnings plunge 40 percent Valaris applies for bankruptcy protection Maersk's fleet shrank by 57 ships in the second quarter Shipping associations on the sulfur switch: Far from devoid of problems Norden in new tanker collaboration: 25 employees will lose their job Evergreen delivers profit on record rates in the Pacific Crew change problems could bring Maersk ships to a standstill Espionage-charged DNV GL employee was head of 3D project Klaveness returns to black in strong tanker market Hapag-Lloyd will wait to set explicit long-term climate target Norden earns USD 22 million on its tanker business in second quarter Maersk expects even better operating result for 2020 Unifeeder buys shipping and logistics company in India "We need to earn money now, that's our primary focus" The coronavirus crisis taught container lines how to make money Yet another large offshore carrier announces significant fleet reduction Container terminal in Hong Kong is center of new coronavirus outbreak Norwegian employee at DNV GL accused of Russian espionage China is concerned about price developments in the Pacific Golden Ocean lost USD 41 million in the second quarter Greenpeace demands MOL takes responsibility for Mauritius disaster Nordic American Tankers grows its profit in the second quarter Tehran says ships targeted by US were holding Iranian fuel Meldgaard's uncertainty about the third quarter evaporated over the summer Chevron on shipping's move to VLSFO: Fears of poor oil quality put to shame DSV could be interested in parts of Australian logistics major Toll China heralds large-scale oil import Anglo-Eastern's CEO on stranded seafarers: "Many vessels will be at a standstill" Maersk and MSC have lost market shares on key tradelane Increased risk for ships carrying US cargoes in Strait of Hormuz Maersk Drilling has said goodbye to nearly a third of its employees MAN Energy Solutions acknowledges methane problem: Working on three solutions Torm books strongest half-year result in 12 years Stranded ship off Mauritius has broken in half Western Bulk reports smaller deficit for first half of 2020 Kim Ullman projects strong tanker market in 2021 and 2022 Søren Skou lists three qualities a skilled leader must possess Hin Leong founder charged with fraud by Singapore police Maersk Drilling is ready to participate in consolidation of strained rig sector Oil collapse was a welcome help for Hapag-Lloyd UK freight forwarder backed by tech titans wants to challenge DSV and Maersk Court appoints new management for Lim family's ship-owning company Viking Supply Ships reports SEK 132 million loss for first half of 2020 Diamond S has delivered most of its ships for Norden partnership Hapag-Lloyd increased earnings while coronavirus shut down the world Maersk Drilling loses USD 1.5 billion in first half-year Poor welding quality delays Equinor's mega ship for Johan Castberg Concordia projects muted tanker market for remainder of 2020 Container surpasses tanker in scrubber installations Former DSV and Kuehne + Nagel executive plans to double Leman's revenue Teekay delivers profit for second quarter: Coronavirus had minimal impact 2020 Bulkers reports million dollar profit for second quarter Shipping companies' bet on LNG as fuel is now reflected in environmental stats Damaged bulker near Mauritius almost emptied of oil US accuses Iran of detaining tanker ship in Strait of Hormuz Oil service sector at lowest level in a decade Lightship chairman after losing brokers to competitor: A setback Seapan's fleet utilization remained stable in second quarter "This is significantly better than we thought" Coronavirus pandemic is "extremely worrying" to d'Amico Sembcorp Marine gets go-ahead for de-merger from shareholders V.Group assumes management of 16 Xihe vessels HHLA's result drops 50 percent in tough first half Container lines resume work in Beirut's terminal after explosion MAN Energy Solutions ready with ammonia engine in 2024 HMM books profit in the second quarter with help from large ships and alliance DFDS upgrades after big setback in second quarter Scorpio's offshore company files for Chapter 11 in the US Maersk Tankers hires CCO from telecommunications company Shipowners call for billions of dollars for R&D instead of new climate targets Five dry bulk operators have lost USD 600 million in six months Norden adds three bulkers to its fleet Container lines lost 7 percent of their volumes in first half-year MPC chief executive is "cautiously optimistic" about 2021 after landing rescue plan Higher tanker rates send DHT's earnings soaring "It's still more respectable to be a homemaker" Aramco's profit drops 73 percent IMO opens up for key meetings again: Decisions to be made digitally Coalition behind CO2-free ships: Climate study is a landmark reminder Singapore withdraws offer of billion dollar investment in Keppel Svitzer's new CEO makes key appointments in internal reshuffle Growing fears of environmental disaster in Mauritius: Ship risks breaking in half V.Ships: Coronavirus outbreak has shut down more than 80 percent of Asia's ports Klaveness CEO wants the industry's climate target raised to a clean zero by 2050 Tanker operators facing far better third quarter than expected HMM sells stake in former Hanjin terminal to CMA CGM Borr Drilling appoints new CEO Female leaders: Stop talking about gender – we are already moving in the right direction Eldar Sætre resigns from Equinor Several container shipping companies' offices destroyed in Beirut Mauritius threatened by oil catastrophe – beached capesize leaks oil Ammonia could fuel a third of the global fleet Euronav's fuel bet has regained some of its lost value One in six Norwegian oil jobs could disappear before 2022 Aker companies working on energy island in North Sea Fincantieri injects capital into Norwegian yard after new major deficit Norwegian COO steps down after coronavirus outbreak aboard vessel CMA CGM employee has died after explosion in Beirut "Global shock" sends Eagle Bulk deeper into the red in second quarter Coronavirus makes order book plunge to 17-year low Scorpio Tankers expects weaker market after USD 144 million profit Anders Boenæs to play crucial role in Hapag-Lloyd's 2023 strategy Researcher describes the IMO's climate target for 2030 as inadequate Genco sells ships and reports deficit for second quarter Strained rig company lost USD 1 billion in the first half-year Glencore scraps 2020 dividend as it pours cash into trading Star Bulk signs leasing arrangements for 16 vessels Euronav earns half a billion dollars in the first half of 2020 Broker sees need for wave of new offshore wind vessels Two CMA CGM staff members seriously wounded after Beirut blast DFDS wants to buy stake in Italian terminal Will Singapore take over Keppel and merge it with Sembcorp Marine? See how 14,000 tonnes of steel was removed from the North Sea Lebanon's main port destroyed completely in Beirut explosion DP World's volumes decreased in the first half of the year Co-author on much-awaited IMO report: This is extremely alarming Chief executive rejects sale of Toll Group Another Japanese carrier plans to reduce fleet significantly before 2025 Important container tradelane continues to struggle under coronavirus Obsolete oil wells leak tonnes of methane in the North Sea Huge explosion rocks Beirut, with dozens dead and thousands hurt Former chief executive back at the helm of OOIL IMO's fourth climate report reveals increasing CO2 emissions from shipping Ukrainian port agent denies all accusations of invoice fraud MAN Energy Solutions' Danish employees face wage reductions Dorian doubles result in its first quarter Union Bulk has gotten new partner and expects solid profit for its first year Diamond Offshore Drilling sees "substantial doubt" about continuing operations Danaos sees rates climbing and demand improving BP books billion-dollar loss and halves shareholder dividend Shell expands number of LNG newbuilds to 14 Scorpio Bulkers lost USD 170 million in first half of 2020 Scorpio Bulkers enters market for offshore wind MAN Energy Solutions' owner demands profit to call off plans to sell Yet another rig company files for Chapter 11 Former key Maersk executive moves to Hapag-Lloyd Norden hit by Ukrainian fraud case concerning false invoices Multipurpose rates down USD 1,000 per day since February ONE reports significantly stronger result for first quarter Former Maersk exec to grow Toll Group in Asia Flensburg yard settles agreement with investor: Half of workforce saved Logistics companies deliver widely different performances for second quarter Hurtigruten cancels voyages after contagion aboard passenger vessel Maersk Drilling's CFO resigns from the company US supermajors book major losses off oversupplied virus quarter's demand crash Maersk scraps its largest container vessel to date This week's top stories on ShippingWatch Glencore follows oil majors reaping bumper trading profits DSV Panalpina aims to become the world's third-largest logistics company Danish suppliers criticize new subsidy scheme for Japanese yards Container rates maintain stable level Prosafe continues negotiating with creditors about expired debt agreement World Fuel Services worried about increase in covid-19 cases DSV Panalpina powers through covid-19 and performs surprisingly well Contango secures tanker carrier d'Amico a strong result Keppel reports USD 390 million loss in first half-year Maersk Tankers and V.Ships close to deal on vessels from Hin Leong's fleet US economy shrinks at record 32.9 percent pace in second quarter Pacific Basin impairs fleet by USD 200 million Shell and Total book asset impairments totaling USD 25 billion Oil tankers' strange trips reveal a stubborn glut of diesel Wrist's major acquisition forced its CEO to forget about the bottom line Total books gigantic impairment in second quarter Subsea 7 divests ships following major loss Japan to support its shipyards with new financing scheme PIL's deal with Heliconia ensures fleet operations here and now Corona outbreak casts a shadow on outlook for DSV Panalpina Container ship orderbook hits lowest level in 20 years "It seems a little scary, but we have to do something" Lundin delivers solid growth amidst major crisis Ardmore CEO open to the right merger despite rejecting Hafnia Højgaard says "a few rotten apples" have cast unfair doubt on crew changes Maersk Drilling takes step toward carbon negativity Risky Danish oil drilling postponed due to coronavirus Ardmore Shipping books profit in first interim report after acquisition attempt Singapore's Keppel shipyard significantly impacted by low oil price Clarksons predicts slow growth within LNG Iran guard corps starts military drills off Strait of Hormuz Few customers opt for greener routes with Kuehne + Nagel – but the number is rising Container lines un-blanking sailings in the Pacific seen as sign of improved market Owners demand solution for stranded seafarers: "Enough is enough" Costamare charters out 24 ships amid corona crisis Equinor criticized for its optimistic oil price projections Container carriers have lost their two biggest critics among shippers World's largest port operator hit hard by corona MAN Energy Solutions cuts 270 jobs in Denmark DP World buys South Korean logistics company DSV accused of breaching controversial US law while shipping to Cuba Oil trading profits soar for energy majors who made storage bets Shipyard wins approval for ammonia-powered ship Hamburg Süd is still the most reliable container major Schlumberger to cut thousands of jobs after "challenging" quarter OOCL boosts revenue in the second quarter Hong Kong tightens crew change regulations Baltic Dry drops 23 percent in one week Clarksons appoints banker to board of directors This week's top stories on ShippingWatch Alexander Englund had more time for his daughter when DFDS closed down Big oil's worst-ever loss puts historic BP dividend cut in play Greek bulk carrier in no hurry to buy more scrubbers Aker BP criticizes state aid: "We didn't ask for tax cuts" ICS warns: Corona test tampering could shut down crew changes Seaspan buys two container vessels Equinor presents surprisingly good result amid covid-19 crisis Ecco and Dee4 opt for long-term investment in tankers Maersk and CMA CGM share vision for 2050 – but how will they get there? Analysis: Oil service companies could benefit from energy transition Port of Rotterdam saw lower throughput in first half-year Evergreen must improve its safety standards after cargo loss Wrist Ship Supply expands in Spain South Korea goes into recession for the first time since 2003 Cosco sets up new company with nine tankers MAN moves to cut 4,000 jobs in big cost-cutting plan Creditor wants Lim family's company under interim judicial management Swire Blue Ocean wins contract with MHI Vestas Offshore Wind Jeremy Nixon on hectic months for carriers: "It's really been quite a roller coaster ride" Oil analyst skeptical of prices over USD 50 Ecco family buys tanker vessels through joint venture with Dee4 Media: PIL puts headquarters up for sale Seven Seas Group restructures its Spanish business Scrubbers could take five years to payback with the current oil price Singapore investigates potential tampering with seafarer's corona test Wrist Ship Supply slowly nears owner's revenue goal Container shipping's emissions dropped in 2019 Media: Yang Ming adds three newbuilds to fleet Oil tanker titans to get little joy from OPEC+ opening the taps Alfa Laval's international business sees steep drop in scrubber orders Thomas Tindal-Lassen saw it coming when Maersk Drilling laid him off Maersk joins forces with Nike, Mercedes-Benz and Microsoft in new green partnership Wilhelmsen acquires half of German ship management company DSME and Port of Rotterdam to develop ship technology through partnership Container volumes drop 11 percent at Kuehne + Nagel Aker ASA places bid on wind developer Chevron acquires US competitor in billion-dollar deal 13 seafarers kidnapped in the Gulf of Guinea India and Denmark to allow crew changes for international seafarers Oil trading company calls rumors "blatant lies" Hapag-Lloyd wants a more ambitious 2050 climate target Media: DP World in talks to buy Indian shipping and logistics companies Navig8 Chemical Tankers sells four vessels to leasing company Former BP employee found guilty of receiving a bribe from bunker chief Maersk Drilling lands big deal This week's top stories on ShippingWatch Ceva maintains distance from its owner CMA CGM: "It's the only way" Maersk changes crew in Panama - but situation is still not tenable Gunvor says trading and shipping thrived in second quarter DB Schenker hires new head of ocean freight for Denmark Microsoft chief calls on shipping companies to include more women Danske Bank sees difficult conditions for restructurings in offshore and drilling Scrubbers are still a weakness for Wärtsilä Aker merges subsidiaries into one supplier Denmark extends use of sniffer drone Oil majors enter agreement on CO2 emissions – but several already comply with it Belgian police seizes 37 kilos of cocaine on board Ultrabulk vessel Two rig companies negotiate with lenders after missing interest payments Anders Hjarsø missed a funeral when the crew on Vuoksi Mærsk got stranded MOL to transform CO2 into marine fuel Fratelli Cosulich buys bunker vessel from Ocean Tankers Kleven subsidiary will be taken over by employees Sembcorp CEO cuts his pay in half during coronavirus crisis China's economy returns to growth amid global virus struggle Bimco chief disappointed by lack of support for stranded seafarers Distressed Flensburg yard FSG declines to guarantee jobs in case of sale Paddy Rodgers gets new board seat in shipping Hapag-Lloyd presents preliminary numbers for the first half of the year Scrapping of container ships intensify after higher scrap prices Thorco ordered to pay its Singapore manager in internal dispute Monjasa adds new bunker ship to Houston operations EU again puts review of South Korean yard merger on hold Passenger business became a burden for DFDS Divestments give Total big profit Ship management company calls for concrete action after agreement about stranded seafarers Greece's second-largest port enters partnership with Chinese port major Widow after worker in Bangladesh allowed to pursue claim China starts testing methanol as ship fuel Torm's new board member: "I'm used to there not being that many women" Evergreen to raise USD 300 million to finance newbuilds OPEC+ oil tensions ease after Saudis speak to Iraq and Nigeria Kleven yard gets a new owner and changes name Hard-strained Aker BP returns to profit Singapore's economic corona downturn is without equal MPC have reached the final step in recapitalization Infected seafarers from Uni-Tankers vessel have left the hospital Trustee in Stadil bankruptcies disqualified – prominent lawyer takes over Libya declares force majeure on oil exports as blockade renewed Six yards in Alang have been inspected by the EU – none of them made the cut Greece has the world's largest commercial fleet DNB's shipping loans shrink further Cargo volumes on fronthaul voyages hit hardest during outbreak Classification bureaus pull the plug on tankers with ties to Venezuela This week's top stories on ShippingWatch DHL presents projection for 2020 result Danish Shipping calls for concrete action for stranded seafarers Hafnia continues hunt for Ardmore but will not raise its offer Dan-Bunkering wants female board member within a year Analyst projects three survivors among listed rig operators The Lim family presented with two options for Ocean Tankers Scorpio's strained offshore company gets loan deferral Maersk Container Industry produced 2,000 fewer containers in February and March Several maritime nations to declare seafarers key workers Uni-Tankers vessel quarantined after two cases of covid-19 UN Secretary General wants shipping aid to align with climate effort Authorities shut case on Maersk's out-flagging of scrapped vessels Container lines preparing for meager Christmas season After USD 9 billion credit hit, banks seek trade finance revamp Media: Kleven liquidator hopes for clarification soon Skov after Ardmore rejection: We need to see willingness from the other party 2020 looks set to be a year best forgotten for the supply ship sector South Korea to introduce sulfur emission control areas from September Kvaerner books orders for billions despite revenue setback Far more pure hydrogen to push EU toward climate targets Study shows shipping cannot rely on new vessels alone to cut emissions Ship types could see their value increase by 30 percent in 2023 Dan-Bunkering's revenue dropped by USD 150 million Norway bets on tech to cut USD 100 billion North Sea oil-well bill Few female CEOs slow down more gender equality on shipping boards Key employees at logistics company bag millions on Maersk acquisition CMA CGM ditches APL on Trans-Pacific routes Container lines lost up to 35 percent of their stock value during coronavirus crisis DFDS resumes sailing on one of its main routes Broker: Hafnia should raise its offer for Ardmore and include cash payment EU's environmental committee approves carbon quotas for shipping Aker BP reverses loss of up to USD 150 million after oil rebound Odfjell Drilling gets large contract for Norway's Sverdrup field Creditors call for a new trustee in Stadil family's shipping bankruptcies IMO issues recommendation for medical assistance to seafarers Maersk following new logistics acquisition: "We don't need anything too broad and big" Klaveness company secures green credit facility Kleven's liquidator exploring interest in the distressed yard Ardmore rejects Hafnia proposal: Offer is too optimistic and too low Maersk increases revenue from customs clearance seven-fold with new acquisition Hafnia proposes to merge with Ardmore – Ardmore declines Maersk: Authorities have declined to help our seafarers Carbon quotas are key point of contention in decisive EU vote Danish government will allow stranded seafarers to come ashore in Denmark Soaring oil volumes force fuel prices down Maersk ship detained in large cocaine bust in Mexico CMA CGM-owned feeder line gets new CEO Maersk buys Swedish logistics company Kvaerner sees signs of stronger second quarter Risk Intelligence signs new contract with Asian oil and gas major International alliance with CMA CGM to accelerate green transition in transport MPC Container Ships gets approval from bondholders for restructuring plan One year in particular is at the center of the debate about shipping's climate efforts Pacific Basin expects to impair fleet and record major loss A.P. Moeller Foundation appoints new managing director The US will seize Iranian oil headed to Venezuela Maritime & Merchant has helped several customers through the crisis Kleven yard files for bankruptcy Borr Drilling is allowed to keep listing on the New York Stock Exchange Exxon Mobil incurs major losses following oil slump MPC revises proposal to bondholders after criticism New oil discoveries hit lowest level in 20 years Pirates kidnap nine from BW Offshore vessel off Nigeria Major banks join forces to avoid repeating Hin Leong scandal Former head of Total in Denmark launches energy consultancy Low order book concerns maritime suppliers: "It's very scary" 1 dead and 40 test positive for coronavirus at yard in Romania Stolt-Nielsen sees signs of more challenging third quarter Evergas wants to multiply result after selling loss-making fleet Clarksons: Maersk headed for improved operating profit in 2020 despite coronavirus Scrubber producer has laid off or sent home many employees Bondholder wants MPC to withdraw crisis plan Søren Toft announces starting date at MSC Lender asks Dof to repay loan amid restructuring Zacho bids farewell to J. Lauritzen: "We've weathered the storm pretty well" Lauritzen Foundation is ready with fresh capital for its shipping companies Teo family could lose control of PIL following investment from Singapore Torben Østergaard's holding company reports growing profit J. Lauritzen splits the company in two – Mads Peter Zacho steps down South Korean yard with no new orders will reduce workforce Navig8 Chemical Tankers dissatisfied with result for 2019 Clipper sells spin-off company to Norway's Kongsberg Svitzer recruits new European COO from Maersk Drilling Bunker Holding sees smaller competitors returning to market after oil collapse Double-flagged ships now allowed in Norway: Meant to prevent out-flagging Kuehne + Nagel CEO on climate target: "It's a race we have to win" Coronavirus has Shell booking impairments for USD 27 billion Wärtsilä to conduct engine test with ammonia in early 2021 Norwegian shipyard risks bankruptcy – CEO leaves the company Prosafe gets another one-month extension on its debt payments US to sanction even more tanker vessels Aker BP awards major contract to sister company DFDS CEO on cost cutting measures: "We've now done what needs to be done" 2,000 distressed seafarers seeking help to get off ships Bunker Holding books largest profit in the group's history Norden orders four dry bulk newbuilds China oil titans plan joint crude buying to add market clout Hapag-Lloyd halts waste shipments to China 650 personnel to leave DFDS Tanker vessel quarantined after coronavirus outbreak on board Oil prices drop as second wave of infections hits Container lines blank more sailings in third quarter DHL chief executive doubts corona crisis will cause wave of acquisitions Bunker company predicts significant price increase for low-sulfur oil in 2021 BW Group open to selling stake in DHT Dry bulk market expected to drop 2.4 percent this year Trafigura extends credit facility for USD 4 billion in the US Exmar's customer declares force majeure on lucrative Argentinian deal Owner puts sale of major bunker company in Singapore on hold Maersk hires new head of Asia Pacific from DB Schenker DHT loses contract due to delay, but gets a new deal with oil company The UK will hold virtual summit to help stranded seafarers Report: Safety has to improve in North Sea after MSC Zoe's accident A.P. Møller test center wants to bring in more partners Clarksons expects significantly lower tanker rates for the rest of the year Uni-Tankers considers investments in eco-design ships The battle for scandal-stricken Hin Leong's oil cargoes has begun Ceva in longtime legal dispute about past restructuring Maersk, Cargill and MAN invest big-time in center for CO2-neutral shipping Organizations accuse shipping of failing to move on climate Tankers with 18 million tons Venezuelan oil are trapped at sea Shipowner with Greek roots settles new debt agreements IMF now sees even deeper recession than previously Hin Leong Trading seen as a company without an independent future Suez Canal extends discounts for tankers and dry bulk vessels Logistics company SDK in concrete acquisition talks Maersk Tankers' new digital venture aims for 1,000 ships this year Shipbuilder Hyundai Heavy Industries will cut costs with reorganization Only one of the world's largest container lines has increased capacity Ceva aims for profit in 2020 despite coronavirus: "We just have to fight harder" Shell announces major changes Asset manager: Maersk chairman holds "an excessive number of mandates" WTO no longer believes in worst-case scenario Keppel's dispute with strained rig company takes new turn Mitsui OSK Lines reduces fleet significantly KPI Bridge Oil more than doubles its operating profit after taxes DSV Panalpina could be headed for pre-corona result for 2020 Maersk Training has lost DKK 180 million in five years Two politicians waging battles about shipping's contribution to the carbon targets Trump says China deal "fully intact" after Navarro roils markets Equinor awards major contracts to Technip DSV Panalpina expects growth in second quarter – but sees ocean freight drop by up to 20 percent Stena Bulk ready to offer greener freight to its customers Close to one third of Maersk's seafarers have exceeded their contracts BW Dry Cargo has sold four vessels in a month Container carriers have taken Moody's by surprise China to become self-sufficient in low-sulfur fuel this year Key parliamentarian accused of being in the pocket of the shipping sector Swiss authorities launch probe into Glencore's business in the Congo Kuehne + Nagel checks off 10-year climate target Production at Chinese yards down 20 percent Container lines could deliver combined profit of USD 9 billion in 2020 Thorco Projects after new profit: "Things are going really well" APL container vessel released by Australian authorities Denmark to build large green hydrogen plant paid by The Netherlands MPC will raise USD 15 million to weather corona storm Anders Grønborg leaves TFG Marine in sudden departure Hafnia praises Norden's new pool partnership with Diamond S Maersk Tankers expects to get 10 percent more ships for its pools this year Maersk Drilling CEO hopes for fewer competitors and rigs Scan Global made it through the start of the year in one piece – crisis delays growth plan DNB's former head of ocean secures another board seat Media: Saudi Aramco fires hundreds of staff DSV Panalpina hires several employees from Zeamarine The US sanctions another two ships for trading with Venezuela Scorpio Tankers indicates yet another strong quarter Dry bulk rates increase 23 percent in one day New technology in shipping is often used incorrectly Top executives identify key barriers to shipping's climate efforts Wallenius Wilhemsen pleads guilty to cartel formation in Australia Maersk Tankers seeks investors for new digital venture Bunker Holding subsidiary predicts increased consolidation in bunker business US oil production reaches lowest level since 2018 Maersk spreads optimism: "Industry might come out of 2020 without a loss" Equinor CEO expects changes to employee count René Kofod-Olsen aims for new CEO position after parting with DP World carriers Maersk expects lower impact from coronavirus than first anticipated Corona spikes in China and the US could spell bad news for shipping EU Commission details plans to halt Asian state aid Norden becomes product tanker heavyweight after Diamond S deal Container ships line up to get scrapped Stolt-Nielsen secures NOK 1.25 billion from new bonds Hard times in oil industry has Maersk Supply Service selling two older ships Alfa Laval to supply up to 80 ballast water treatment systems in new deal Maersk Drilling to store CO2 in the underground Container carriers resume voided sailings Suez Canal oil tanker transits hit all-time high last month Norden beat several competitors in race for Diamond S ships Ceva Logistics brings in former head of ocean freight at Panalpina 2020 Bulkers completes investment program in new ships Major supplier to Tyra field sacks almost half of furloughed employees Norden enters strategic partnership with Diamond S Energy agency says oil demand will not normalize until 2022 Maersk Tankers CEO confident in even better result for full-year Two former bunker execs charged with massive fraud in Singapore Bondholders reject Siem Offshore's restructuring plan Repsol invests EUR 80 million in hydrogen Eagle Bulk secures new bank agreement Dubai-based company confirms hires from Bunker Holding's acquisition EU takes first step in intervention against Asian state aid Now contracts are expiring for seafarers across the globe MAN senior VP on corona crisis: "We're starting to see the effect now" Greek shipowners ditch Venezuela after pressure from the US Oldendorff acquires three large bulkers for USD 212 million Ceva acquires majority stake in logistics company in Africa Growing pressure to find solution for stranded seafarers Stadil family's fortune grows after shipping bankruptcies Why do strained offshore carriers keep surviving despite huge deficits? Corona crisis makes Wallenius Wilhelmsen cancel scrubber orders Navigare will continue to invest in LNG vessels New CEO wants to diversify Lightship's business to other shipping markets IMO will hold virtual meetings until July Hitecvision poised to venture a billion dollars into oil and gas 300 Maersk ships will provide data for climate project Belships is ready to grow and hire in strained dry bulk market Hurtigruten secures EUR 105 million loan Røkke companies join forces to own tanker ships Team Tankers wants to delist from Oslo Stock Exchange RAL's "paradigm shift" prompts new jobs Kontainers sold in million-dollar transaction Major US-based fund buys stake in DHT Holdings Hapag-Lloyd aims to save at least another USD 400 million in 2020 Corona restrictions could paralyze crew changes for a long time to come XO Shipping adds new partner to its ownership Stena Bulk is ready with green tanker prototype: Customers just need to get on board Norwegian oil competitors strike deal on next giant project Busiest US port's peak season threatened after worst month in a decade Norwegian shipyard hit by cyber attack Ships sailing away from Venezuela after prospects of new sanctions Several creditors expected to make claims on the same oil cargo on Ocean Tankers' ships Fjord Line has received NOK 135 million in coronavirus aid Corona downturn makes Unifeeder lay off around 20 employees Odfjell to reduce debt by hundreds of millions Former Topaz CEO projects tough elimination race among offshore carriers Jutta Paulus plays a key role in the fight for CO2 quotas: "I am a big fan of shipping" Goldman Sachs projects oil price correction of up to 20 percent Expansion at OSM Maritime pushes number of employees to 15,000 Container lines face a challenge in the second quarter New initiative to curb ships' spreading of invasive species USTC's Torben Østergaard hands over majority of life's work to daughters CMA CGM earmarks one third of its billion euro loan for Ceva Logistics Strained rig operators on collision course with yards Color Line has lost almost its entire income during the coronavirus crisis US sanctions against 120 Iranian ships come into force DSV Panalpina's CEO on hydrogen project: "This could really take off" Erria grows in Vietnam after acquiring owner's company Aker BP among the winners of a new aid package for Norway's oil sector Solstad gets the last creditors on board restructuring Copenhagen could establish new maritime test center for DKK 1 billion Maersk's chief climate advisor John Kornerup Bang leaves the group BP to lay off 10,000 70 bulkers are waiting for sugar off the coast of Santos Liner companies' schedule reliability improved in April Singapore yard group to raise billions from owner and state fund Maersk Broker CEO notes uncertainty among shipowners after coronavirus outbreak Equinor reveals plan to reduce climate footprint from ships Vale shuts down several mines after coronavirus outbreak Maersk ship hit by explosion off the coast of New York Maersk injects capital into its loss-making offshore carrier Container lines void more sailings in the third quarter OPEC+ extends oil cuts in win for Saudi-Russian alliance CMA CGM Group reports USD 48 million profit for Q1 Scorpio's offshore company in talks with creditors and questions going concern Yet another Chapter 11 is part of Seadrill's considerations MSC expects coronavirus effect in second half 2020 2020 looks set to become a toxic cocktail for dry bulk shipping World's largest container ship has arrived in Europe on its maiden voyage Germany gives EUR 1 billion in aid to the country's shipping sector Clarksons has opened in Copenhagen to be close to expanding shipping cluster Contract renegotiations strain offshore ship operators in the North Sea Borr Drilling settles rescue plan with creditors and yards Firefighters injured after explosion on Höegh vessel OPEC+ set to extend cuts after breakthrough with Iraq Nordic Shipholding still negotiating with potential merger partner EU sets new deadline for merger of South Korean yard majors Panama threatens ships with fines for manipulating tracking systems Total meets with key contractor to avoid layoffs Long-term contracts are Navigare's bulwark during the coronavirus crisis Norwegian oil sector projects massive decline in investments next year Frontline to raise USD 100 million for growth DSV makes new cuts: Lays off Panalpina employees in Luxembourg Norway's giant Sverdrup field cuts production significantly OSM Maritime takes over operation of 37 ships from Jebsen 2.6 percent of the tanker fleet has been to Venezuela in the past six months Danish shipowners see fossil fuel ban as one solution among several DSV's new climate targets will be crucial in coming contracts Seadrill to lay off 1,400 employees Oil producers working intently to force prices up Profit declined for Maersk Broker in 2019 One third of HMM's ships are idle Greek ships hit by US sanctions against Venezuela Saadé moves the target: CMA CGM must be climate-neutral by 2050 DSV wants shipping companies to lower emissions with new climate target Valaris postpones interest payments on loans Bunker One takes over Monjasa's Skagen oil terminal Jefferies brings former acquisition target into play for DSV Strong results and weak share prices illustrate the paradox facing Hafnia and its tanker peers X-Press Feeders reduces fleet by up to 20 percent Solstad gets support for rescue plan – Røkke and Fredriksen continue as owners Søren Skou will not comment on competitor CMA CGM receiving state aid Oil tankers queuing off Chinese coast proof of rapid rebound Golden Ocean projects increased scrapping of capesizes Seadrill will be delisted in New York after new huge deficit Qatar signs deal with South Korean yards for more than 100 LNG ships Danish shipping wants to be climate-neutral by 2050 ShippingWatch will be closed Monday, June 1 Thorco's shipowning ended in bankruptcies and million-dollar claims Finland and South Korea to pump massive sums into their national shipping sectors Norwegian shipowners want a global ban on fossil fuels in 30 years Oil collapse could remove more than 100 drilling rigs Flex LNG's chief executive sees challenges in the near term Paddy Rodgers joins V.Group's board APL vessel detained in Australia after losing containers Subsea 7 lays off 3,000 employees Shipping companies against carbon tax from EU DFDS gets sizeable wage compensation from Danish state Esvagt reports higher profit but prepares for tough 2020 Hapag-Lloyd's stock fluctuations draw attention from German authorities Lauritzen reveals its investment in Dee4 Henriette Thygesen hands over the reins at Svitzer Ulrik Andersen enters dry bulk in the midst of one of the sector's biggest downturns DP World joins Tradelens Siem Offshore allowed to partially postpone its debt by one year Solstad gets new huge deficit and looks forward to rescue plan Dorian more than doubles its revenue on higher rates and fleet utilization Zim reduces deficit in first quarter despite virus outbreak Maersk Drilling CEO calls on banks to clean up the sector Suez Canal tries to attract customers with discounts: So far without any luck Petros Pappas believes the worst will be over in second half of the year Virus outbreak strains MPC Container Ships: Begins talks with creditors Oil price war increases Nordic Shipholding's bottom line seven-fold DOF loses NOK 4 billion in the first quarter Golden Ocean loses USD 160 million in the first quarter Maersk Drilling's top line recedes in tough first quarter Container throughput increased in March but remained lower than last year Prosafe books another major impairment Singapore could become new investor in strained PIL Fredriksen's shipowner only has one concern in offshore after supply vessel exit Ships calling at EU ports emit as much CO2 as all of Belgium NTG has laid off employees and cuts costs after growth slowdown Large impairment lowers BW Offshore's result APL ship has lost at least 40 containers in the water off Sydney BW LPG boosts result by USD 100 million on high spot rates Tanker could be strained for the rest of the year Maersk, DFDS and DSV join forces to build hydrogen plant Norwegian shipping line acquires 20 bulkers – becomes Europe's largest shortsea carrier After years of delay: Eimskip still considers RAL partnership good business Ejner Bonderup wants to simplify business of Thornico Shipping Thor Stadil hands over the reins of Thorco to well known shipping profile Associations try to call on UN: More than 200,000 seafarers are stranded Baltnav eyes the end to the dry bulk downturn Container lines may have voided too many sailings Hafnia reports USD 77 million profit for first quarter BP to halve its managing staff Kuehne+Nagel's owner projects up to 25 percent less employees after the crisis 40 years in shipping gave Tommy Thomsen top jobs in bulk, ports and start-ups Port of Gothenburg avoids voided container calls Analyst firm says investors should sell tanker stock after major rate drops Two seafarers test positive for coronavirus aboard Hapag-Lloyd vessel Teekay books deficit for first quarter DHL plans to get through the corona crisis without layoffs Experienced oil profile to take the helm at Noreco China abandons hard growth target, shifts stimulus focus to jobs Tor Olav Trøim injects more capital into Borr Drilling with share purchase Eimskip loses revenue and doubles deficit following coronavirus outbreak Borr Drilling negotiates with creditors after another major deficit Shipping to bunker electricity from new Danish energy islands before 2030 Port closures made Ultrabulk nervous: "We became overly cautious" EU earmarks more than EUR 1 billion in development of hydrogen Brightoil reaches agreement with several creditors BW Energy cuts investments by more than half this year Blue Water's Kazakhstani cash cow nears its expiry date Hapag-Lloyd's market value now bigger than its competitors' combined Noreco reports operating result of USD 105 million ShippingWatch is closed Thursday, May 21 Frontline reports best quarter in a decade, but eyes problems ahead Container association wants to digitize the bill of lading: "the Holy Grail of global trade" German carriers have lost up to 40 percent in revenue during corona crisis Norwegian shipping companies will work toward climate neutral fleet by 2050 Mørch on board roles: "One must not get confused about what one's job is" DFDS gets share of new GBP 35 million government scheme DSME delivers improved result in first quarter on one-off incomes Bunker One vessel arrested in Ghana: "A regrettable exception" Nordic American Tankers expects upturn to continue Norden expects to save millions of dollars from moving jobs abroad Viking Supply Ships sees increased uncertainty after oil collapse Corona makes shipowners lose confidence in eco investments Skuld books first technical deficit in 16 years Siem Offshore eyes potential for deal with its banks Hapag-Lloyd's CEO is reluctant to criticize recent state aid to competitors Norden moves jobs from Copenhagen to Singapore and Cyprus Shippers look toward the biggest container shipping lines Torm's scrubber math still holds even though the oil price has dropped Maersk chairman after virus outbreak: We were unprepared DOF Subsea gets extension on its debt from creditors Stolt-Nielsen ship averts pirate attack in Gulf of Aden NTG's head of air and ocean steps down Corona pandemic cost HMM one in five containers Wallenius Wilhelmsen reports triple-digit million-dollar deficit US issues guidelines for carriers to observe sanctions The Port of Hamburg feels the impact of coronavirus Dry bulk operator Belships reports "historically weak start" to second quarter New sulfur rules made sales skyrocket for Maersk's internal bunker company New oil scandals put the spotlight on Singapore's rule of law Peter Borup leaves Norvic Shipping Corona diary from "Nord Sustainable": Captain working for fourth month in a row Sovcomflot reports significant improvements in first quarter Dry bulk rates approaching all-time low after the drops seen in recent weeks Higher fuel prices weigh down Hapag-Lloyd in first quarter Dan-Bunkering is awarded damages against insolvent dry bulk operator Danish Ship Finance paints very bleak picture for shipping and offshore Torm sees highest earnings in a decade – but share has dropped 25 percent this year EU is exploring intervention against state aid for shipping outside Europe Global Risk Management gets new managing director from parent company Prosafe presents new business plan to its creditors Report: Existing technology could shave up to 27 percent off ship emissions Team Tankers was close to two mergers but found a different path to consolidation Investor group has sold all its shares in Hafnia Torm reports USD 56.4 million profit for first quarter Boskalis is cautiously optimistic about 2020 Maersk's ambitious logistics plan is rolling backwards Oil fund's new coal criteria exclude global trader Maersk report reveals impact of coronavirus on key trade lanes Accountants take over management of crisis-stricken tanker carrier in Singapore Søren Skou wants EU to intervene against state aid for shipping lines CMA CGM bags billion-euro loan with support from the French state Borr Drilling gets warning for low share price in the US Organizations fear drawn-out postponements of IMO environmental meetings Singapore yard goes from 20,000 employees to 850 due to coronavirus restrictions Concordia on postponed moving plans: "We have put those discussions on ice" Maersk expects up to 25 percent drop in container volumes in second quarter DSV sells part of Panalpina subsidiary to Dutch stakeholder Norwegian offshore in clash with government over massive rescue plan Odfjell sells stake in Chinese terminal Hapag-Lloyd expects meaningful improvement to its reliability this year Total sends 150 staff home from North Sea ahead of schedule Team Tankers bags small profit P&O Ferries to dismiss 1,100 employees Close to 350 product tankers are being used as floating storage Media: Ocean Tankers has asked to be placed under judicial management Saudis cut oil output again as kingdom's budget reels from crash Scorpio Bulkers reports major deficit in first quarter Shipping adviser dragged into alleged fraud case against Dubai family Jefferies views DSV Panalpina as best equipped to handle the coronavirus crisis Banks take over as majority stakeholders in Solstad Offshore with new debt plan Unifeeder returns up to one fifth of its ships to their owners Siem Offshore urges banks to push for needed consolidation after deficit Coronavirus hit container industry's niche carriers the hardest Thorco and shipping bank tried to sell ships for months before bankruptcy Singapore police raid oil trader after HSBC allegations Eagle Bulk lost money in the first quarter Habben Jansen has a certain sympathy for South Korean state aid Solstad Offshore has settled huge debt agreement plan 300 laid-off Wärtsilä employees could be rehired DFDS aims for open borders within few months – but peak season is lost Celsius Shipping keeps its foot on the brake in diverse market Maersk Drilling plans to lay off upwards of 170 employees Supertankers now also sailing south of Africa instead of using Suez ShippingWatch closed on May 8 DFDS expects lower operating profit Euronav reports profit of more than USD 200 million Equinor reports major deficit on bottom line Major impairment drags down Genco in first quarter Odfjell expects sliding demand following virus outbreak Scorpio Tankers postpones purchase and installation of 19 scrubbers Alfa Laval reports record production of ballast water systems Maersk Supply Service lays off 55 onshore employees Hapag-Lloyd launches new triple-digit million cost reductions due to coronavirus Aker BP lost a little over USD 400 million Ardent shuts down its business DHT reports rates of more than USD 100,000 in the second quarter Suez Canal loses business to new route south of Africa Two longtime partners leave XO Shipping Two more Thorco companies go bankrupt "Tanker market is soaring when virtually every other industry is suffering" Seafarers' mood has worsened during the coronavirus crisis Jan Rindbo says rates above 100,000 are unsustainable: Some customers withdraw Weakened Total cuts down and presents large-scale climate goal Six key employees from Western Bulk switch to Norwegian competitor Former Oaktree execs also take owner family behind cash buyer to court Norden upgrades guidance for 2020 Nordic Bulk Carriers saw significant revenue growth in 2019 Broker calls on investors to cash in on tanker operators Oil service company to lay off 700 employees Dan-Bunkering is no longer looking for a new CEO Voided sailings impact ports all over Europe Höegh Autoliners incurs loss for fourth consecutive year Kim Ullman calls for moderation in tanker upturn Solstad Offshore bags contracts for six vessels Crane collapses on Cosco offshore vessel Oil collapse and corona outbreak challenge the purpose of BAF DNB expects fewer offshore companies, ships and rigs Owner casts doubt on sale of pump-maker Desmi British oil sector stands to lose 30,000 jobs Exxon Mobil and Chevron cut investment budgets by billions Songa Container eyes risk of fiscal woes among charterers IMO postpones all meetings in July due to coronavirus 2M and CMA CGM sail around Africa on the way to Asia Owner family behind major scrap buyer accused of fraud totaling more than USD 89 million Deficit grows for MOL Nordic Tankers in first year with new owner World Fuel Services sees sharp drop in demand Danish shipping receives massive state aid while criticizing South Korean fund Solstad Offshore needs more time to settle debt agreement Borr Drilling sells rigs and postpones annual report Valaris books USD 3 billion deficit in first quarter Coronavirus triggers uncertainty about 2020 at Japan's ONE In two weeks 150,000 seafarers will be trapped on their ship Major Nordic banks impair billions of kroner for losses on oil Debt-plagued container lines may opt for government bailouts Norway announces massive bailout for its oil sector DSV's redundancy plan will affect businesses globally Ziton seeks new investors after challenging 2019 Stena CEO on furloughed staff: Many will not be reemployed Shell's bottom line cut in half MOL projects deficit with pressure on container and dry bulk DSV Panalpina to lay off 3,000 as part of cost-cutting measures after coronavirus Cosco raised revenue despite virus outbreak Concordia Maritime multiplies profit in first quarter Ship management company sees record number of ships stacked Scandlines keeps its ships sailing despite the coronavirus outbreak Post-corona opening will determine growth and bottom line for DSV Vale pulls 25 huge ships from its dry bulk fleet Port operator wants full compensation from Maersk after canceled deal Eimskip eliminates 73 positions Hafnia approved for transfer to Oslo Stock Exchange Corona crisis makes HMM postpone plans for new container ships Even DFDS was not enough to give Lauritzen Foundation a profit Carbon quotas for shipping feature on EU's fall agenda Flensburger Shipyard has 90 days to avoid bankruptcy World Economic Forum: Corona could boost blockchain in shipping Key IMO study on shipping's emissions unaffected by coronavirus Noreco dodges oil collapse – ensured price of USD 67 two years ago Maersk is free to rip up port deal and move terminal in the US Corona effect absent from OOCL's first quarter financials Endofa's owner will no longer publish group financials Ship inspector has to handle foreign jobs with images from cell phones Key ports around the world pledge to stay open during corona crisis Standard & Poor's lowers long-term outlook for Maersk Rio Tinto introduces Hin Leong clause in contracts ICS after South Korean state aid: "We must ensure level playing field" Wrist Ship Supply is busy getting supplies out to stranded seafarers None of the 15 biggest container lines improved their reliability Only two ships caught violating sulfur rules in Singapore Dan-Bunkering is prepared to help customers survive the oil crisis Container lines' blanked voyages to peak this week Kuehne + Nagel faces "major challenges" in the coming months Diamond Offshore files for bankruptcy amid historic crude crash Singapore coastline packed with ships full of oil no one wants Intermarine will represent United Heavy Lift in North America Coronavirus slows down time frame for much-discussed CO2 fund Container lines cancel 11 percent of all sailings in first half year South Korea's billion dollar aid to strained shipping companies faces harsh criticism: "The last thing we need" Media: Sinopec in talks about Hin Leong's terminal in Singapore Maersk Drilling announces layoffs in the North Sea Alfa Laval's scrubber sales continue to fall Clipper CEO after new layoffs: "We had to protect what we have" Oil steadies after dramatic week that saw it plunge below zero Hafnia seeks transfer to Oslo Stock Exchange in record-high tanker market Hapag-Lloyd wants to lower CO2 emissions per container by 20 percent this year New layoffs at Clipper eliminate one fourth of jobs at the company's offices HMM now has the world's largest container ship Team Tankers still has ships for sale: "This is not the endgame" Major oil fluctuations rub off on shipping lines' fuel prices Corona diary from Shanghai: V. Group returns to a more normal and yet completely different market Qatar Petroleum will build LNG ships for billions of dollars in China Troubled oil trader Hin Leong poised to hand control to PwC Coronavirus and debt increase uncertainty for Siem Offshore South Korea to help the country's strained carriers with one billion dollars DFDS, MAN and Stolt Tankers to explore ammonia as fuel Danske Bank lowers target price for Seadrill and Borr Drilling to NOK 1 Hafnia and Torm believe super-strong market is here to stay Maersk sued by competitor after terminating port agreement in the US Container shipowners stick with scrubbers despite oil price plunge Corona delays EU's work on sustainable maritime fuels Several hundred Aker BP employees could be let go Pirates kidnap eight seafarers from container ship in West Africa Former Golden Ocean CEO steps down from Seadrill board Maersk Tankers continues to divest from its fleet DFDS has stacked 12 in 50 ferries Tanker equities rise after historic US oil collapse Dorian reconsiders scrubber strategy Alfa Laval gets extension on credit agreement A.P. Møller Holding's profit falls as dark clouds loom ahead DFDS scraps 2020 investments by up to 20 percent How an epic gamble exposed the rot inside an oil empire Police open investigation into Hin Leong Trump wants to fill national reserves after historic oil collapse Wärtsilä's order intake and bottom line declines in first quarter Trafigura's and Fredriksen carriers' bunker venture gets license in Singapore Oil spirals below zero in "devastating day" for global industry Declining sea freight could impact logistics firms in April Hin Leong negotiating with Chinese oil firm on potential rescue plan Ocean Tankers expects claims of up to USD 2.6 billion from banks and oil firms Kitack Lim: Digital meetings not currently possible for IMO Gearbulk to renegotiate ship contracts with Japanese shipowners US sees lowest oil price of the century Vale lowers expectations for iron ore in 2020 Ports urge EU countries to allow crew changes in all ports Consolidation keeps container carriers afloat during corona crisis Hin Leong owner's son reveals unaudited losses totaling USD 800 million Iran increases patrols in the Gulf ABS warns shipping: Industry risks missing crucial CO2 targets Rio Tinto noted strong Chinese iron ore demand in first quarter Maersk eliminates facilitation payments on own vessels Monjasa's customers use low oil price to secure cheap fuel in the future HCOB secures profit from shipping loans in first year of new ownership Saadé mid-crisis: We must rethink our supply chain models Exmar reshuffles after chairman died as a result of coronavirus CMP warns that 40 employees will be sacked in Malmö Media: Hin Leong's bunker company stops deliveries in Singapore OPEC sees demand for its crude dropping to lowest in 30 years Stolt-Nielsen prepares for recession – management takes pay cut Ocean Tankers distances itself from owner Hin Leong in letter to customers China's 2020 port calls exceed those from same period last year MSC confirms hacker attack following breakdown Europe's largest container port predicts considerable dive in 2020 Lundin loses up to USD 359 million on weakened NOK Prosafe lost nearly USD 400 million in 2019 Corona diary from Connecticut: Dorian CEO cannot see a single person from his window Oil trades under USD 30 again despite output cut deal Zeamarine's COO leaves the company Media: Major Singaporean oil trader in crisis talks with banks Monjasa increased its profit in 2019 Moody's lowers credit rating for Ceva Logistics PIL says insolvency rumors are "totally false" Major shippers like Lego and Ikea demand climate action after coronavirus Navigare Capital pays out dividends to owners Virus outbreak could reduce already weak balances for shipping lines Tanker released after attack in Hormuz MSC website and booking system running again after five-day breakdown Hamburg Süd finds new CFO at Eitzen tanker company German operator inspired by Danish Silicon Valley of dry bulk Boskalis secures EUR 500 million credit facility DSV prepares for hard corona crisis: Has secured liquidity with banks MSC's website down for fifth consecutive day after potential malware attack New alliance of shipowners want politicians to ensure crew changes Opec deal will create new reality for tanker carriers Container lines near 400 canceled sailings Hackers demand millions from Desmi – CEO refuses to pay IMF says great lockdown recession likely worst since depression MAN Energy Solutions calculates with two corona scenarios Sweden to investigate scrubber washwater Boskalis acquires Ardent's US business Borr Drilling's customers shorten contracts costing millions Morten Have takes a step back to focus on growth plan for Lightship Opec+ countries cut production by ten percent Ziton receives go-ahead from lenders for its debt plan Maersk in letter to its customers: "We are a strong and conservatively financed company" Shipping associations put pressure on global leaders for safe crew changes Container sector faces its worst capacity crisis ever BP declares force majeure in contract with gas carrier The US will soon return as net oil importer Corona diary from Ireland: Ardmore's CEO runs the business from his farm Havila settles agreement with creditors ShippingWatch closed for Easter Maersk's credit rating could be at risk Wallem on postponed crew changes: "Does not get anymore severe" Pacific Basin prepares for coronavirus to impact earnings Total signs deal for LNG-fueled VLCCs Maersk maintains its ambitious climate targets despite coronavirus Morgan Stanley: OPEC deal will have limited effect on tanker boom Norwegian shelf saw significantly more accidents last year MSC chief executive in open letter: Imperative that we keep the world moving Norden CEO does not expect improved bulk market until 2021 Fredriksen's Golden Ocean appoints new chief executive New sulfur regulation makes Monjasa's sales surge in first quarter Stena Line sends 600 employees on furlough and lays off 150 Torm flies injured seafarers to Denmark Countries propose environmental rating system for vessels Hempel's new CEO embarks on acquisition hunt Scrubbers and ballast water systems boost Desmi's profit Maersk extends suspension of crew changes DNV GL prepares for a "storm" in coming months Maersk Drilling launches share buyback to finance incentive program Container lines could lose upwards of USD 23 billion in the corona crisis EU halts investigation into South Korean yard merger Norway considers historic oil cuts Ardmore CEO warns of false sense of security following tanker boom Russian producers ready for oil cuts in bid to stop price rout Container rates staying up despite coronavirus The patriarchs have passed the torch after a decade of crisis in German shipping Keppel sends home 100 employees after two corona cases at yard DFDS to send up to 2,000 employees home with pay compensation Corona diary from New York: Hapag-Lloyd's North America president eyes a new reality Three seafarers injured in serious accident on Torm vessel Donald Trump reports agreement between Saudi Arabia and Russia IMO postpones several key meetings CMA CGM close to downgrade by Moody's Hemmingsen: Maersk Drilling is hit by a perfect storm Ultrabulk expects profit in 2020 despite coronavirus Shippers worry about container lines' financials and fear another Hanjin Zeamarine owes considerable wages to Danish employees Maersk Drilling has lost USD 2.6 billion in market value in one year Norwegian shipowners appoint new chairman Six ship deals boost DHT's bottom line by more than USD 120 million Altor and former OW Bunker management sue Deloitte Trump expects deal between Russia and Saudi Arabia in next few days Icelandic fishing group calls off major Eimskip acquisition New CEO to head Trafigura's and Frontline's bunker venture TFG Marine Number of canceled container sailings tripled in few days Moody's lowers Maersk's and Hapag-Lloyd's outlook after corona crisis Wilhelmsen books major loss and expects setback at Norsea Vitol enters Singapore with takeover of bunker supplier Scan Global hopes to avoid layoffs: "The wheels are turning again in China" The scrubber boom could be over for now More than one third of container vessels arrive late "The plunge in the oil price has already made all of 2020 a bad business" Lightship confirms new CEO and hires more brokers in London Further delays could impact Chinese shipyards Struggling Solstad Offshore closer to rescue plan Moody's lowers Maersk's outlook after corona crisis Wärtsilä withdraws outlook and launches cost-saving measures Former Maersk Supply CEO elected to board behind Bourbon Maritime P&O Ferries has sent 1,000 employees home Corona crisis works against shipping's climate plans The Alliance follows suit and blanks one in five Asia-Europe sailings Court rejects compensation claim in OW Bunker case V.Group hires new chief financial officer Oil price war will ensure high second-quarter freight rates for Euronav Singapore opens for crew changes under special circumstances US and Russia initiate talks and raise oil price DSV Panalpina dismisses staff due to corona crisis Lawyer warns carriers: Port closings not a free pass to invoke force majeure Shippers, ports and logistics firms criticize EU's BER approval Maersk confirms corona infections among ship crew Corona diary from Singapore: ONE working hard to address an expected demand shock 2M voids one in five voyages in second quarter Ziton gets fresh millions from owners and asks creditors for patience Wallenius Wilhelmsen hires CFO from airline SAS Equinor expects increased oil output from Johan Sverdrup Japan considers merging major yards Aker BP will announce redundancies after Easter Aker Solutions CEO saw major pay cut in 2019 DFDS' Chinese yards up and running again DHL declares force majeure after virus outbreak Maersk crew tested for coronavirus Ardent CEO rejects rumors: "We are not bankrupt" Corona diary from Gothenburg: Stena Bulk CEO fears times post-virus Offshore firm Relyon Nutec boosts revenue as corona looms US pressures Saudis to stop oil price war Analysts expect more voided contracts in strained drilling sector Former Maersk exec and Cargill CEO enter board at Global Maritime Forum Gearbulk denies defaulting on loan from MOL CMA CGM sells first eight ports in refinancing plan Maersk expects volume drop over coming weeks Consolidation far from favoring project cargo carriers Rystad: More than 1 million oil service staff risk unemployment Established players bet on methanol as ship fuel in Scandinavia Dee4 Capital recruits former Viking Supply Ships exec Wärtsilä testing ammonia in ship engines Wallenius Wilhelmsen lays off 2,500 employees temporarily NordLB halves shipping portfolio on its path to exiting the industry NTG proposes two new board members Nordic Shipholding is negotiating a potential merger with tanker company HMM makes biggest contribution to The Alliance's emergency fund Maersk Tankers books USD 91 million profit J. Lauritzen owner injects millions following major loss in 2019 Hamburg's largest terminal operator warns of steep decline in 2020 Maersk shareholder to block further salary increase: DKK 7 million is already too much Wilh. Wilhelmsen CEO inherits control of family investment firm Niels Smedegaard joins DSV Panalpina's board Crisis forces Equinor to enact billion-dollar cost-saving measures Chinese ports lost 10 percent of volumes in the last two months Shipmanagement company urges seafarers to stay home MOL expects to book major loss PIL in negotiations with creditors on late repayments Major shipping companies see no need for layoffs Wärtsilä to choose new fuels within few years Woodmac: North Sea oil can handle crisis – for the moment Zim books profit for fourth quarter despite drop in revenue and volumes Vestager prolongs block exemption for liner shipping consortia Shipping bank sees problems with Poseidon Principles One mega-ship requires 3800 trucks and 50 freight trains in Port of Hamburg Total fights against corona: "We've launched extensive measures" Pension fund votes against Maersk chair's pay package Jim Hagemann Snabe defends his pay package at Maersk Car carrier scraps vessels and puts ten in lay-up Scrubber payback time is now between three and four years OOCL's outlook has turned more pessimistic in March Global oil storage could reach full capacity in few months Corona diary from Hong Kong: Anglo-Eastern and the city have changed Shell curbs buyback, cuts spending forecast New proposal aims to cut CO2 emissions by 80 percent in 2030 Seven seafarers from MSC Talia reportedly kidnapped Oil collapse and pandemic could prove dangerous cocktail to container lines Maersk Drilling lowers guidance due to plunging oil prices and coronavirus Unions criticize Stena Line for suspending full pay in case of sickness Shipping lawyer to carriers: Now is the time to use your force majeure clauses Oil holds gains as Texas supports Trump-led output proposal DSV Panalpina says it is equipped for a large downturn Coronavirus could halt Hapag-Lloyd's plans for mega-ships Equinor expects long-term consequences from coronavirus Hapag-Lloyd appoints new head of its vital reefer business Frontline CEO projects billion-dollar profit Maersk suspends its guidance for 2020 – but maintains dividends Hapag-Lloyd expects lower earnings because of coronavirus Maersk wants former bank exec with fintech background on its board One challenge overshadows corona threat for large bulkers right now Shipping lines could lose up to 10 percent of earnings in 2020 US places sanctions on Chinese shipping companies Monjasa appoints new managing director for Europe Overview: Ports across the globe have put restrictions on ships and seafarers British oil industry expects significant investment decline Vale considers closing iron ore hub in Malaysia as of Saturday Semco Maritime is hit by both collapse in the oil price and coronavirus BW LPG could retrofit at least eight large gas vessels in climate plan MSC explains sulfur violation with delay of scrubber due to virus outbreak DFDS suspends guidance for 2020 New shipping passport to ensure new crews access to ships IMO postpones more meetings due to virus outbreak Moody's: Corona outbreak poses severe challenge to CMA CGM's liquidity Oil price has dropped below USD 28: Oil major scales down investments substantially DFDS next carrier in line: Cancels crew changes for two weeks Skuld wants to be bigger in marine insurance – looking to grow by more than the market Oil slumps to lowest since 2003 on global recession threat Corona delays scrubbers: 20 MSC ships stuck for more than 100 days Norwegian oil company sends 70 percent of its employees home EU bans non-essential incoming travel for 30 days Massive dive in global oil demand Oil supertankers fetch astronomical rates with vessels scarce Team Tankers puts majority of fleet under management in Copenhagen MSC accused of illegally carrying heavy diesel on board a ship Alfa Laval to cut costs by over USD 100 million Coronavirus could benefit ballast water supplier Bawat 1,000 employees in the oil sector to be sent home – more to come Bulkers risk quarantine at ports: "Everyone's in a kind of limbo" Equinor assembles corona crisis team Maersk cancels all crew changes for a month BW LPG has found its new chief executive officer Asian oil buyers hiring smaller ships as supertanker rates soar Stolt-Nielsen calls off planned dividend payout for shareholders DSV exec on virus-triggered setback: March could be "at least as bad" Nordic shipping hit by closed borders and layoffs Tanker rates continue to soar: "This time it looks more sustainable" DFDS sends 600 employees home and warns of layoffs outside Denmark DSV Panalpina withdraws guidance for 2020 because of corona Shipping lawyers being overrun: "A bit like when OW Bunker collapsed" Stena Line will lay off 950 employees Oil falls deeper into turmoil triggered by epic demand collapse Lenders prepare for crisis talks with shipping companies Frontline closes Trafigura ship transaction Maersk files lawsuit against powerful railroad companies in the US Trump declares national emergency in US Saudis' oil tanker spree drives 700 percent surge in ships' earnings Coronavirus prompts DFDS to temporarily close Copenhagen-Oslo ferry service Product tanker carrier d'Amico is optimistic despite corona Dramatic week for shipping and rig companies comes to a close Sovcomflot mulitplies earnings and expands fleet Norway's state-owned export bank takes co-responsibility in offshore crisis Scrubber company stops hiring because of coronavirus MSC deploys mega vessels to China to evacuate empty containers Fredriksen's well company appoints new CEO and extends debt Maersk general assembly becomes virtual due to virus outbreak Bunker companies pay particular attention to vulnerable customers after oil collapse First Asian bank joins Poseidon Principles New corona wave could hit the container sector like the financial crisis Danish shipping companies scramble to find solutions as country shuts down IMO postpones meeting of environmental committee indefinitely Cheap oil sends tanker rates soaring Acquisitions add billions of dollars to DP World's top line Claus Hemmingsen joins board of Maersk family's holding company Oil resumes drop after Trump limits travel from Europe to US DOF after oil price collapse: Anything can happen now US bans all incoming travel from Europe Japanese owners have large claim against bankrupt Stadil company Maritime companies on coronavirus shutdown: Drastic but necessary Icelandic fishing group aims to acquire Eimskip in major transaction Particular detail about the oil price opens unusual market for Torm Scorpio Bulkers sells more ships CMA CGM wants sails on smaller container ships: "Clearly an option" EU to fast-track development of hydrogen as fuel Equinor employee in North Sea tests positive for coronavirus Torm reports best start of the year in a decade Oil plunge pushes fuel prices down to four-year low Oil rally falters with supply fear weighed against stimulus Hope OOCL orders five mega-ships Bureau Veritas launches digital classification in Rotterdam VLCC rates could soar to USD 150,000 per day in April Oil collapse comes at terrible moment for hard-pressed rig operators Clarksons prepares for corona effect in first half of 2020 Havila CEO on oil price plunge: We don't need this Hafnia CEO: "There's no doubt that this is positive for us" US warns shipping against storing Iranian oil Clipper takes over dry bulk pool from Klaveness Oil price plunge may postpone drilling sector recovery NTG maintains ambitions despite failed capital increase Shipping organizations fear consequences of coronavirus Navig8 pool accuses Glencore and Valero of supplying bad bunker Major Greek ship operator sells five tankers Close to one in four offshore vessels are unemployed CMA CGM's finance chief expects profit for Ceva Logistics this year Oil price plunge is not all bad news for container lines and tankers China dropped out of European IMO-proposal due to corona Kuehne + Nagel sells big chunk of UK business to competitor Frontline secures over half a billion for Trafigura ship purchases Oil drops 31 percent in worst loss since Gulf War as price fight erupts CMA CGM embarks on second phase of Ceva turnaround CMA CGM Group lands USD 229 million deficit in 2019 OPEC+ on brink of failure as Russia resists deeper oil cuts Zeamarine closes in Denmark and sends employees home Virus outbreak makes Wallenius Wilhelmsen herald bigger slide in volumes IMO meetings postponed due to coronavirus Terminal operator Global Ports profitable again Trafigura's head of wet freight takes new position Jefferies sets Maersk's acquisition ceiling considerably higher New Hempel CEO challenged by virus outbreak: "It's been a quite intense period" Euronav buys new VLCC with scrubber installed ICS issues guidelines for shipping on coronavirus Italian shipping hit hard by virus outbreak Shipping lines can expect two months of delay on newbuilds Wärtsilä splits its marine business into three units Boskalis' second half of the year salvages tough 2019 Ørsted will meet with key suppliers in March to discuss climate targets OPEC will support cuts – awaits Russia's decision US seizes 11 million dollars from shipowner in Syria complex Eagle Bulk incurred revenue loss from scrubbers in the fourth quarter Hafnia CEO warns: Fossil-fueled shipping could deter young talent Singapore sets entry ban due to fear of coronavirus DNB's ocean chief headed into Maersk Drilling's board of directors René Kofod-Olsen steps down as CEO of DP World carriers Corona outbreak gave Norden CEO flashbacks to the SARS era Monjasa wins million-dollar dispute with Stena Oil World's biggest port prepares expansion DSV Panalpina sells its brand-new headquarters PIL continues to sell off assets Virus disruptions may cause 20-percent cargo decline at US ports Female managers in the majority at Svitzer Chinese ship fuel sales halved after virus outbreak Norden reports best quarter in five years Bawat secures important approval of its system in the US Polaris to remove fuel from stranded dry bulk vessel Pacific Basin bets on major recovery following virus outbreak Small island states want part of shipping's new CO2 fund DNB opens up to co-ownership of distressed offshore companies Broker: China could be preparing giant stimulus package Offshore carrier Tidewater wants to dispose of nearly 50 supply vessels Equinor strikes oil in North Sea Altor and Deloitte want court to reject large claim in OW Bunker case BW Offshore grows its profit in the fourth quarter Car carriers hit with class action suit in cartel case Wärtsilä to cut fuel consumption by 30 percent through new project Maersk Supply Service booked impairments worth USD 1.7 billion over four years OECD lowers growth prognosis significantly due to coronavirus Grimaldi's scrubbers to clean the ocean Critical ban in the fight against sulfur now in effect Ammonia could emerge as best future fuel candidate Container carriers continue to cancel sailings due to coronavirus Vale asks Petrobras to assist with potential spill from bulk vessel Coronavirus leads to cancellation of the biggest shipping conferences Hackers can easily manipulate ships' GPS signals Scrubbers and tank cleanings weigh down MPC Container Ships in 2019 Zeamarine files for insolvency in Bremen Borr Drilling considers selling rigs following new loss BW LPG to grow its number of ships sailing on two fuels World Fuel Services earned more on fewer tons of bunker oil in 2019 The start to 2020 has felt like a horror movie to Frontline's CEO Torben Janholt steps down as CEO of Pioneer Marine Solstad books new huge deficit for fourth quarter Coronavirus' worst-case scenario looks very severe for shipping Man behind Triple-E vessels returns to Maersk New lenders bet on traditional values: "We understand the sector" Homeowners cause major loss for Danish Ship Finance Pacific Basin prepares for turbulent times after profitable 2019 Higher rates make Avance Gas' earnings soar Seadrill lost close to USD 200 million in fourth quarter Frontline reports best quarter in 11 years Maersk faces acquisition ceiling of USD 1 billion for the next two years Kuehne + Nagel once again raises sea freight volumes Number of ships in German commercial fleet keep dwindling Former co-owner sues A1 Offshore subsidiary for bankruptcy Higher rates boosted Flex LNG's 2019 result Pension fund questions Maersk chairman's record pay Maersk employees sent home after travels to northern Italy and South Korea Chemical tanker market has lagged behind for seven years Maersk lowers fuel consumption by nearly a million tons Seaspan buys four ships and surpasses one million teu Scrubbers have split the chartering market into two tiers Genco to sell all of its handysize ships IMO will continue work on washwater from scrubbers Bunker Holding looks like the front-runner in acquisition race Maersk's new credit facility is linked to CO2 targets DP World acquires Canadian terminal Bunker One enters West Africa Bunker Holding kicks off consolidation with acquisition of Glencore company Blue Water: Only a fourth of China's workforce has returned to factories Kuehne + Nagel to replace longtime board member Royal Arctic Line CEO wants heavy fuel ban pushed back to 2040 Hafnia finished 2019 with "very satisfactory" result Scrubbers make the difference between red and black figures for large bulkers DP World CFO becomes chair at Unifeeder CMA CGM's debt plan at risk amid virus fears Total's director for E&P Denmark resigns Moody's: Maersk hit hardest by coronavirus Norvic considers raising new capital Shipping stocks drop one after another due to virus outbreak Coronavirus could cost container lines USD 1.7 billion in revenue New project aims to make shortcut for existing ships to sail on methanol Bunker Holding company acquires competitor from Glencore Private equity firm sells oil service companies Low-sulfur fuel premium approaching normal levels Skou leaves rivals to buy mega-ships: We don't need big investments Maritime & Merchant has global ambitions EU committed to introducing CO2 quotas on shipping DSV Panalpina's integration will cost up to 4,000 jobs Proposal to ban HFO in the Arctic has landed – Russia secures loophole Wärtsilä and BW LPG expand retrofit agreement for VLGCs Maersk appoints new IT chief Maersk has cut off logistics customers: Now Skou wants top line growth Container majors must cooperate to find fuel of the future Container maker MCI finds new chief financial officer DSV Panalpina: Coronavirus has canceled 60 percent of sea freight between Asia and Europe Shipping is off to a surprisingly tough start to 2020 A solution to Dof's rescue plan drags out Hunter secures financing from major Nordic banks Security firm reports kidnapping of ten seafarers in the Gulf of Guinea Port of Rotterdam's bunker sales declined Ammonia becomes part of Norway's hydrogen strategy Navigare expands container fleet with new acquisitions Port of Hamburg handled more containers in 2019 Skou looks toward result dip after coronavirus: The coming weeks will be decisive Shipowners call on EU to support new CO2 fund Wide support in European Parliament for CO2 quotas on shipping Growth absent from Maersk's logistics business in 2019 This is how much Maersk paid Søren Skou in 2019 Seaspan adds to its bottom line in 2019 Star Bulk reaps benefits from large scrubber program Coronavirus creates significant uncertainty about Maersk's 2020 forecast Maersk acquires US distribution company for USD 545 million Scorpio Tankers in fourth quarter turnaround driven by sulfur regulation CEO after Norvic reshuffle: We now have a much clearer culture Fredriksen's SFL Corp books impairment on Solstad vessels ECSA appeals to the EU: Regional legislation could undermine IMO's work Media: Suspicious Petrobras contracts cling to former Maersk exec US sanctions Rosneft unit for ties to Venezuelan oil trade Maritime job postings see biggest increase in Norway in 2019 Nordic American Tankers books million-dollar profit on tanker recovery Hapag-Lloyd is stronger after a 2019 with surging rates and cost-cutting Coronavirus has cost almost half of all sailings from Asia Shipping industry clamors for European labor Marshall Islands has been lifted from EU's list of tax havens Pension fund PFA closely monitors EU's verdict on Maersk's beaching yard Hedge fund Odey loads up on Seadrill as Fredriksen partners bail Transocean hopes that the market bottomed out last year Mining major BHP fears for growth due to virus outbreak Golden Ocean increased its earnings in fourth quarter – but prepares for hard times BW Energy gets 700 new shareholders Hugo de Stoop is torn between two choices for new ships The EU fleet has become smaller globally – and it remains under pressure Zeamarine confirms sales and reduction of fleet Coronavirus outbreak makes container lines introduce reefer surcharge BW Dry Cargo sells ship for profit of USD 5 million IMO advisors lack clear evidence ahead of much-anticipated scrubber verdict Environmental NGOs push for ban on heavy fuel oil in the Arctic Scrubbers could speed up rate war on Asia-Europe Moody's has downgraded two shipping companies More than 60 offshore ships will never return to the market Maersk shareholder KLP has changed its view on beaching after Alang trip Borr Drilling secures newbuild financing Maersk Tema and crew reported safe Parent company wants to delist DP World Wilhelmsen turned red figures black in 2019 Maersk Drilling has 250 managers offshore – none of them women Maersk ship attacked by pirates in Gulf of Guinea BW Dry Cargo brings in senior exec from Dee4 Capital MPC raises millions in new share issue Viking Supply Ships sees fragile balance in offshore sector Port of Rotterdam grows its container and LNG throughput in 2019 PIL abandons routes on the Pacific Coronavirus outbreak makes BW Energy lower its pricing Euronav CEO rejects u-turn on scrubbers Vestas and DSV Panalpina to use their scale to achieve savings Confidential contract pulls Torm into bribery case in Brazil Empty LNG ships at biggest producer show how virus grips market Competitor snags two managers from Zeamarine Scorpio Bulkers sells three ships for USD 62 million to lease them back HMM will save its way to a profit: Notes uncertainty from trade war and coronavirus Maersk and MSC find replacement for South Korean partner Dee4 leases ship to Norden Prosafe calls off merger with competitor Lightship Chartering appoints new CEO "The market is in a rather poor condition to put it mildly" Shipping lines starting to reopen offices in China Hapag-Lloyd plans to order six 23,000-teu container ships Kvaerner raises revenue by 60 percent Kongsberg's integration of Rolls-Royce is progressing faster than expected Dorian has moved past BW Group's acquisition threat Norwegian fund cancels sale of oil service firms and establishes new group Euronav now buys its first ships with scrubbers New dry bulk operator prefers leasing ships to owning them: "We stick to what we know best" Former Copenship CEO gets new senior position at Norvic Shipping Maersk has found its new CFO Ardmore CEO: Coronavirus is impacting tanker rates Shipping lobbyists in frantic spurt to prevent BER extension EU-Vietnam trade agreement includes opportunities for maritime companies Two in three logistics executives expect global recession in 2020 Hutchinson worried about world trade 2020 Bulkers has taken delivery of most its newbuilds Aker BP doubles its profit in the fourth quarter New fuels challenge Hapag-Lloyd: "I wouldn't say that everything is totally relaxed" Bernhard Schulte company gets million-dollar fine in the US Odfjell expects further improvements in chemical tanker in first quarter Organizations criticize EU on issue of container consortia block exemption AAL establishes new liner service between Europe and Asia Bunker Holding hires head of communications from Lego CMA CGM joins new hydrogen partnership McQuilling predicts tough year for tankers in 2020 EU quota plans cause European shipowners to call for global strategy Dorian's profit per scrubber is USD 10,000 a day Trafigura buys more shares in Frontline BW LPG doubles number of dual fuel vessels 600 office workers have left DSV Panalpina since acquisition 31 sailings canceled due to coronavirus Broker declares Hafnia an under-priced "tanker behemoth" Singapore raises virus response level, now on par with SARS Container market prospects are stable but fragile Virus outbreak worsens scrubber delays already spanning months Aker Solutions increases revenue but lowers bottom line DSV's new transport deal with Vestas excludes competitors Intermarine starts out with old Zeamarine vessels Equinor CEO refrains from talk of binding climate targets APM Terminals initiates major expansion of Georgian port Desmi-owner considers selling the company after major growth DSV Panalpina books USD 977 million operating profit in 2019 Corona outbreak causes carriers to cancel sailings and postpone scrubber installations BW Energy prolongs IPO by a week Eimskip misses 2019 target after weak end to the year Prosafe incurs operating loss and negotiates with lenders CEO expects Brexit to challenge DFDS in much of 2020 Total defies all expectations Danske Bank divested shipping stocks in 2019 due to new sulfur rules China to halve tariffs on USD 75 billion US goods from February 14 HMM sees concern over coronavirus in the short term Refinery chiefs say coronavirus sends oil consumption down 25 percent DFDS expects lower growth due to Brexit: "We see continued headwind in 2020" High tanker rates yield record profit for DHT Debt overshadows better markets for strained offshore carriers Bad loans in shipping and offshore weigh down on Danske Bank Dorian LPG exits 2019 with renewed strength New fuels contain a surprising amount of impurities and water Maersk Drilling CEO says oil rigs have likely hit bottom Flexport lays off 50 employees in restructuring Trafigura and several major commodity traders apply for bunker license in Singapore ONE's decision to not install scrubbers proved costly in start of 2020 Shipowners call for international mission in West Africa Competitor cuts jobs after losing Vestas business to DSV Panalpina Maersk Drilling books deficit for first year as listed company Virus outbreak could lower container growth with six million TEU Most scrapped vessels ended up on beaches Nordic banks halve lending to oil and gas Three companies better positioned if drilling market dives again Analysts keep close eye on DSV Panalpina integration India removes import tax on low-sulfur fuel Critical LNG study has advocates and critics butting heads Oil giant enters new era in major decline Coronavirus could delay scrubber installations Ambitious bill aims to render shipping's CO2 targets mandatory Intermarine reemerges as US company Brazilian police reportedly raided former Maersk exec's home Navigare buys yet another container ship Shipping organizations reject criticism of new fuels More than a fifth of containers arrive late Bunker auction to ensure cheap fuel for shipowners Total and Semco enter major collaboration Maersk allegedly paid millions to agent under bribery suspicion Hapag-Lloyd reveals first three pledges of new strategy US lifts sanctions against Cosco-owned Dalian Tankers Klaveness has downsized dry bulk business and sacked employees Course change prompts Ardent to dismiss a sixth of employees Frontline and Navig8's scrubber producers merge Euronav CEO says 2020 is off to strong start despite sliding rates Lundin exceeds expectations Japanese ONE partners grow profits despite weaker revenue Western Bulk cautiously optimistic about 2020 despite market downturn Media says US to soon lift sanctions on Chinese Cosco vessels Costamare's earnings rose markedly toward the end of 2019 Salvage company Ardent abandons previous goals for billion-dollar market ONE expects deficit from the start of 2020 Concordia Maritime increases fourth quarter loss despite market improvement OW Bunker's old tankers making millions for their owners Wärtsilä's scrubber sales drop on fuel uncertainty Tankers leave Libya empty as hopes fade for end to blockade Portchain targets more new customers in 2020 after major new deal Stolt-Nielsen could benefit from recovery among competitors European shipowners have no official stance on disputed carbon quotas Prosafe hits another setback in merger process Gunvor meets climate targets and gets lower interest on loans Euronav finishes 2019 with USD 160 million profit Tanker on fire near the Strait of Hormuz Teekay after police report for scrapping: "We have nothing to hide" IBIA disagrees with critical study of new fuels Family-run Singapore bunker business ranks higher than the majors Former BBC Chartering CEO: "Zeamarine ended up taking too much, and this has been difficult" Trafigura and Fredriksen companies reveal name of bunker venture Former Ceva CEO to head CMA CGM's port business Shipping company installs ballast water systems on two ships without docking Odfjell to raise more than USD 30 million with bond issue CSAV buys up stock in Hapag-Lloyd and is now majority shareholder Norwegian police raids Teekay office on suspicions of illegal scrapping NGO criticizes LNG as fuel: Could do more harm than good APM Capital invests huge sum in large-scale port project Eagle Bulk subsidiary fined USD 1.1 million for sanction breach Next generation joins executive team in Østergaard-Nielsen's USTC group Maersk responds to authorities in case about re-flagging of vessels "I'd be very disappointed if we don't make returns of plus 20 percent annually" Total to dismiss one in four employees in Norway Senior Vice President Lars Kastrup leaves CMA CGM Virus outbreak creates uncertainty in dry bulk Banks open up to ownership in pressured offshore carriers DSV Panalpina and Vestas enter major transport deal The price of new containers hit three-year low Chinese oil major is the largest bunker supplier in Singapore Stake in sister company ensures profit for Scorpio Bulkers Shipping stakeholders worry about virus: "Market psychology is turning negative" Oil traders made billions in 2019 as conflict shook the market Study: New fuels are more harmful to the Arctic Star Bulk has more than 110 scrubbers: "It has been a Herculean project" Port of Gothenburg set rail volume record in 2019 Container lines struggling to pass sulfur bill on to customers Corvus Energy expects that "big ships" can sail on batteries in two or three years Dry bulk index continues to drop – down 40 percent since New Year's Semco secures order from Seadrill Oaktree expands its presence in Star Bulk Alfa Laval joins effort to develop zero-emission vessel Shipping companies seek clarity on ESG: "How much is enough?" Poor low-sulfur bunker found in several key ports 2019 was the last big investment year for Norway's oil sector Hapag-Lloyd follows Maersk: Increases bunker surcharge Singapore's port authority screens seafarers and passengers for virus CCO resigns from Hamburg Süd Heavy lift carriers confirm taking over Zeamarine vessels Keppel's shipyard reports 2019 net profit on tax gain Massive Norwegian field sends Aker BP's oil output soaring United Heavy Lift acquires two vessels from Zeamarine New ECSA president calls on EU to combat piracy in West Africa Equinor to develop ammonia-fueled offshore vessel Scan Global raises capital to pursue global growth ambitions Concordia Maritime opts for pan-Nordic business set-up Torm orders two scrubber-fitted newbuilds from Chinese shipyard Shipping companies pledge to work for gender equality Acquisition boosts Cosco's container business significantly in 2019 Court releases two arrested rigs Pakistani port bans open-loop scrubbers New mega-ships to boost HMM's revenue in 2020 Chinese banks expected to sign up for Poseidon Principles Maersk raises fuel surcharge for customers following large price hikes DSV combines two divisions – several employees lose their jobs IMO reports "smooth" transition to new sulfur regulation Container volumes went down on the Pacific trades in 2019 Monjasa operates without five-year plan – customers set course instead DP World buys up in Swiss terminal operator Blue Water Shipping banks on Caribbean oil boom Oil companies only invest a little in green energy Klaveness and Japanese partner launch major dry bulk pool European ship finance could become even more difficult to access Altor to take Wrist to next level prior to exit 23 percent of Prosafe's fleet was employed in the fourth quarter Zeamarine attempts to offload more ships to rivals Bunker One bags exclusive deal with US supplier Schulte launches new investment platform More countries support naval mission in Strait of Hormuz Eagle Bulk sees scrubbers as the biggest opportunity this year Carsten Mortensen's Dee4 fund buys new ship ONE preparing an expansion of its fleet of mega-ships Container alliance lags behind competitors on mega-ships DIV Group to acquire Norwegian yard Kleven Bimco: Dry bulk shipowners' ability to negotiate will be crucial IMO's climate targets require investments of at least USD 1 trillion Maersk Drilling extends Norwegian contract to USD 25.5 million Kuehne + Nagel combines its regional offices in Singapore New container association has "open invitation" for Cosco United Heavy Lift takes over nine ships from Zeamarine Tanker released by pirates in West Africa – crew member dead Dry bulk shipowners face challenging 2020 Sudden rate dive in tanker makes investors nervous High scrap prices on ships prompt busy start to the year Starting date of RAL-Eimskip partnership is approaching Norway's Kleven yard close to change in ownership Drewry sees weaknesses in 2020 container market Energy agency says key ports have sufficient low-sulfur fuel oil China reports slowest economic growth since 1990 Container majors make container track and trace first common standard Vestager not buying Maersk CEO's critique of regulation Northern Offshore enters Japanese partnership Shipping players to design ammonia-fueled tanker ship Svitzer appoints new director for Americas Competitors taking over Zeamarine vessels Analyst sees dark clouds over LNG market after 2020 THE Alliance unveils route network after admitting HMM BMW open for more green pilot tests in shipping Hafnia's listing becomes investors' test of shipping shares Bangladesh yard gets approval from classification bureau Nicolas Sartini steps down as Ceva chief exec after less than one year Global container fleet continues to grow in 2020 Trafigura's CO2 emissions surged last year Dee4 hires former Norden executive as new partner Norwegian to create turnaround in Danish offshore company Torm settles its finances: "This means a lot to us" Pirates attacked more ships in the Malacca Strait in Singapore PSA defies trade war and grows volumes in 2019 Odfjell vessel collides with fishing boat in US Skou after year with low acquisition activity: "We're ready now" BW Energy targets listing in the first quarter Media: Danish ferry operator put up for sale Torm secures major refinancing Cosco's stake in Italian terminal to secure contracts for APM Terminals Maersk Tankers introduces worldwide paternity leave Höegh LNG secures financing One company kept venture investments in shipping afloat in 2019 Maersk Drilling bags final contracts with Total Bunker sales in Singapore hit lowest level in four years Investments and acquisitions have to wait at Maersk's port division Lundin deems major oil discovery non-commercial Sulfur rules generate differing ship speeds Shipowners' scrubber bet pays off in start of 2020 Bimco has found its new CEO 139 LNG newbuilds set for delivery: "We've been slightly surprised by the number" A1 Offshore changes name and transforms entire setup Media: Late payments create problems for PIL Analysts project large dividends from Frontline Container carriers must make room for 23 ultra-large ships this year Chinese dry bulk company hit by US sanctions on Iran Monjasa feels low-sulfur boom – has supplied twice as many tons CMB Financial Leasing closes record year with western shipowners Media: Russian military told Dan-Bunkering to pay shell company Danish authorities raise security level for ships in Strait of Hormuz Carsten Mortensen closes his first shipping fund for new investors XO Shipping accuses Norden of running a scare campaign Norwegian marine insurer worried about conflict Cargill and Bunge shipped the most Brazilian soy beans last year Maersk Drilling bags contract in Columbia Media: China lifts tax on export of low-sulfur fuel oil One fifth of global tonnage to sail with scrubbers before 2021 Exmar makes management changes and launches new structure Maersk Tankers CEO has been cutting to the bone: "We've had to learn to stand on our own" Ocean Alliance maintains capacity on fewer ships Port of Rotterdam: EU's quota system must step in if IMO fails Transocean reports massive order book Danish Ship Finance starts measuring clients by sustainability Euronav will pay dividends to shareholders every quarter China's deputy prime minister ready to sign trade agreement Norden's head of dry bulk on rate drop: "Right now things look very weak" Equinor enters big settlement in drawn-out legal dispute Ship fuel, once a pariah product, now costs more than car fuel Petrobras sends its ships around the Strait of Hormuz World Bank lowers its growth forecast for 2020 Norwegian shipowner charged with illegal scrapping New tanker company listed on mini-exchange in Oslo Port investor recruits former Damco exec for management position Big dip in rates strain Nordic dry bulk operators after tough 2019 More container ships than expected hit the water in 2019 Insurance committee sees "no dramatic change" in Middle East threat assessment 100 stakeholders must find common ground on CO2-free ships Oil shippers raise rates for key Middle East route Nordic American Tankers celebrates continued bonanza in tanker market Iran retaliates with missile strike on US-Iraqi bases Neon to exit marine insurance through Lloyd's of London Headhunter seeks female candidates to no avail Powerful insurance committee gathers to assess Iran threat Maersk Tankers launches new digital venture BP sells North Sea assets CMA CGM incorporates LNG at the core of its fuel policy Clarksons: The Strait of Hormuz could close Borr Drilling appoints new CFO Shipserv appoints new chief executive officer Bunker Holding executive charged in Dan-Bunkering case Seaspan and offshore company terminate investment agreement Norden has bought two tankers and sold one DP World's P&O Maritime Logistics CEO urges more consolidation Iranian retaliation could have severe consequences for tanker market Four people killed in pirate attack in Nigeria DSME aims to secure orders for nearly USD 7 billion this year Equinor to spend USD 5.6 billion on climate initiatives toward 2030 Norwegian engine maker plans new staff downsizing Habben Jansen sees up to two years' market balance Warships to guard British oil tankers in Strait of Hormuz Doubling in prices on new fuels could impact shippers New environmental requirements send fuel prices soaring Shipowners call on vessels to exert caution in Strait of Hormuz Norwegian oil lobby profile steps down Hyundai Heavy projects revenue of more than USD 15 million Owner injects fresh capital into A1 Offshore Prosafe extends time frame for merger plans Seadrill's share surges after new contracts Goodbulk calls off listing in New York J. Lauritzen eyes opportunities with new fuels Oil jumps as US strike on Iran general raises conflict fears Clarksons Platou opens office in Denmark Smaller container ships are history on Europe-Far East routes Shipyard and US investor settle rig dispute Third generation takes over at Dutch shipyard New fuels will play minor role at Bunker Holding in ten years HMM to take delivery of new mega-ships in a few months Banks ease requirements for Borr Drilling Russian reefer specialist cements position as world's number one Oil price sees largest annual increase since 2016 Euronav sells three ships in leasing arrangement Kidnappings in Bay of Guinea likely for another couple of years IKEA: Correct data is a prerequisite for decarbonization These are the top stories on ShippingWatch between Christmas and New Year European shipyards call for action against state subsidies Diamond S Shipping secures new credit facility and pays outstanding debt Bimco after controversial proposal: "It's not a CO2 tax" Highest container rates in five years keep Maersk afloat DSV's share price outran all others in 2019 This year's most read stories: Maersk, DSV and Søren Toft's new job CMA CGM's divestments give the Chinese access to strategic ports Royal Arctic Line orders smaller vessel from Polish yard Singapore yard installs more than 100 scrubbers EU awards funding for sails on commercial vessels Stena ship dodges attack in the Singapore Strait The international aspect is shipping's strongest card in its search for talent Unifeeder CEO breathes sigh of relief: "Six months ago the world looked strange" Skou on executives leaving: "The misfortune here was the timing" Peter Pietka steps down at Ardent Deloitte accused of backdating documents in OW Bunker case Maersk's Brazilian bribery case could grow bigger Banks take over distressed Bourbon Corporation Bunker One expands with new office in the US IBIA warns shipping ahead of 2020 Boskalis bags long-term contract in Rotterdam Wintershall's deputy CEO fears investor flight from oil Maersk executive becomes new chairman of container owners CMA CGM enters Chinese deal about port terminals Union Bulk hit boom: "It's gone much better than we hoped" Svitzer buys partner out of tugboat company ShippingWatch wishes our readers Happy Holidays DP World's offshore carriers want to be first choice for majors Zeamarine downplays rumors of financial woes Shell keeps spending constrained amid concern about buybacks New study: Open-loop scrubbers only have small impact on water quality in ports Total formalizes partnership for LNG bunkering in Singapore Commodity trader expects boom in LNG deliveries XO Shipping on track for record in 2019 Former Golden Ocean CEO lands job outside shipping Captain gets five-year prison sentence for theft of oil cargo from Shell Financial police called off corruption case against Maersk in 2017 – now it could start again A major shipping change is coming, and so are higher fuel prices CO2 tax of USD 2 per ton is far from the shipping companies' own targets Euronav's floating oil storage already seems to be paying off Price level for rig sales is historically low DFDS in new acquisition: Buys Finnish logistics company IKEA wants to speed up the use of biofuels among shipping companies Global Risk Management hires new Paris chief from investment bank New report: Shipping industry headed for uncharted waters Klaus Rud Sejling has found a new job after Maersk exit Norway gets new oil minister Glencore acquires Ørsted's LNG business – and gets paid for it Maersk's Brazil offices searched in corruption probe Here is an overview of shipping's new green billion dollar fund The CEO of the future has never been at sea and does not come from shipping Maersk's Thygesen sees many preconceptions about the company CMA CGM appoints director of sustainability department Trade deal will not save Pacific container market Competition Commissioner confirms review of South Korean shipyard merger Maersk Drilling sells rig for USD 38 million China launches first autonomous freighter Maersk loses two more key employees Shipping organizations join forces on billion-dollar CO2 reduction fund APM Terminals sells terminal in Rotterdam GMC Yard gives up on environmental orders: "We're too expensive per hour" Skou has placed Toft's responsibilities on two loyal supporters Maersk Drilling secures deal with oil firm in the Caribbean Britannia to hire more people for Copenhagen office Samples reveal substandard fuel in European port Rotterdam testing shore power for smaller ships Svitzer CEO joins group management in reshuffle New report shows oil companies as the seven seas' greatest scourge Avance Gas orders new VLGCs Maersk sustainability chief leaves group in reorganization DP World merges billion dollar acquisitions Crisis manager takes over at Zeamarine Viking makes new acquisition amid extensive integration process Remontowa chairman: Rules and regulations are our good friends CEO steps down from G2 Ocean Chemical tanker vessel hijacked in West Africa Major shareholders to give Western Bulk millions in fresh capital After takeover of Singaporean competitor: Unifeeder open to more acquisitions OOCL chief exec steps down from management CMA CGM signs deal with Shell on biofuel China and US agree on first phase of trade deal Bimco is concerned about EU plans to introduce quotas on shipping emissions Senior executive leaves Zeamarine after disagreements over strategy Chevron and Total invest billions in tough oil field MSC responds to CO2 emission criticism Clipper sells three dry bulk ships Kitack Lim will go to Brussels to discuss CO2 Kvaerner expects major earnings setback next year Lowest order book in 15 years makes Nordea pursue new business in shipping Boris Johnson's party secures absolute majority in UK election Trump approves US-China trade deal to halt Dec. 15 tariffs Maersk director's wife has died during home invasion in Nigeria Oil majors and big shipping lines looking to conquer business from bunker companies Analysis: Norwegian oil investments will peak next year before taking a dive European shipowners have nothing but praise for the EU's new green deal ONE joins digital exchange in New York Shipbuilder expects to make millions on scrubbers and ballast water Two shipping companies enter top-25 on Oslo exchange Philippine shipowners fear shortage of fuel after 2020 Owners buy more second-hand ships V. Group takes full ownership of Danish ship manager Trafigura made USD 210 million on selling ships to Frontline and Scorpio Maersk's share price at highest level in two years Ackermann leaves BW LPG without a new job at hand EU's new climate plan will bring CO2 quotas for shipping ExxonMobil cleared of climate-accounting fraud Chevron books double-digit billion-dollar impairment Old ships are the tanker owners' secret weapon Few years from now 1,000 container ships could be fitted with scrubbers Climate regulation makes northern European shipyards busy Monjasa begins deliveries in Houston OOCL cuts routes: Expects lower activity Climate awareness makes Norwegian oil wages increase China increases its purchasing of soybeans from the US US and China negotiate tariff postponement When container lines cut costs, MAN Energy Solutions can feel it Transocean optimistic following tough 2019 for drilling Hostages released from Norwegian ship EU Commission will scrutinize South Korean yard merger Teekay LNG to triple its bottom line in three years Norwegian government will allow ships to be double-flagged Crane collapses after clashing with container ship in Antwerp Singapore's port authority revokes license from magnet-defrauding bunker supplier German Oldendorff enters climate coalition Norwegian offshore company struggles with major debt DFDS acquires Dutch logistics firm and expands European activities MAN says half of new ships will still sail on heavy fuel in 2030 Media: Aramco's shipping unit wants to lease LNG ships Report points to MSC as major European carbon emitter Norwegian offshore players competitive on billion-dollar offshore contracts Panalpina employees reach out to major DSV shareholder in dispute over layoffs Martin Ackermann steps down as CEO from BW LPG MSC begins sailing on biofuels in Rotterdam DOF's rescue plan meets resistance from creditors This week's top stories on ShippingWatch Risk Intelligence signs contract with Hafnia Environmental enforcement uncertainty halts shipowners' newbuild orders OPEC+ agrees to redistribute oil cuts under Saudi pressure China working on tariff exemptions for US pork and soybeans Euronav and DHT chose different sulfur strategies – now they must stand the test Johan Sverdrup rectifies Norway's output Aramco raised USD 25.6 billion in world's biggest IPO Glencore under investigation for bribery in the UK Oil sputters after OPEC+ fails to nail down new output target India in negotiations on seafarers abducted from Anglo-Eastern-run ship EU Commission to review tax exemption for ship fuel oil Norden to develop biofuel in new collaboration Maersk Drilling CEO: Debt in offshore is six times higher than the market value CEO of Norwegian Shipowners' Association calls for faster emission reductions Three bunker suppliers account for one fifth of global sales Petrobras eyes billion-dollar gain from new sulfur requirements First major oil and gas firm sets zero-emission target for 2050 Alexander Saverys on climate: "Let's be honest. We are not prepared" Bimco: Lowest container growth in years could impact fuel surcharge 19 seafarers kidnapped from Anglo-Eastern managed tanker ship Europe controls the majority of the global container fleet J. Lauritzen challenged by too much sulfur in new fuels and too low supply OPEC+ set to debate oil-cut cheating as Russia seeks rule change Media: US and China rumored to be close to deal despite heated rhetoric Over 5 percent of the container fleet is idle Fredriksen invests millions in Northern Drilling Seafarers fear criminalization once sulfur requirements enter force Stena demands USD 426 million in payment from Samsung Hyundai Heavy tries to reassure Singaporean authorities about merger Container lines' CO2 calculators "riddled with absurdly poor data" Rolner on giant offshore wind turbines: "This completely changes the market" EU member states want to overhaul energy taxation Teekay adjusts business to new investor demands Havyard reaches agreement with banks Kongsberg launches digital partnership with competitor DNV GL: Twin-track approach needed for CO2 reduction Global Risk Management opens new offices and reshuffles leadership Odfjell signs deal with Navig8 for chemical tankers Unifeeder acquires feeder company in Singapore Container rates soar ahead of 2020 Von der Leyen asserts quotas must extend to more sectors Stena could move Concordia listing to Oslo Carbon quotas for ships could be adopted as soon as next year European terminal operator wants to be climate-neutral by 2040 Shipbuilder Havyard's chief executive resigns Havila Shipping reports new large deficit Ultragas betting on second-hand ships: "Right now it's the better choice" Not since 1976 have there been delivered as many supertankers as this year Singapore authority casts doubts on South Korean yard merger Eimskip closes offices and dismisses staff German shipowners favor low-sulfur fuel oil Wintershall DEA upgrades output forecast Hunter Group replaces bank loans with leasing deal with Fredriksen V.Group's new CEO breaks from predecessor El-Mokadem's strategy MPC Container Ships eyes improvement in 2020 after new deficit DSV chairman sees one major obstacle once the acquisition hunt begins China could see explosive reefer growth in the coming years Ships stuck waiting for fuel at Asia hub on rule-shift snarl 38 large bulkers and tankers are having scrubbers installed right now Solstad lost more more than USD 100 million in the third quarter Maersk invests in startup with global reach DSV: "There aren't many options for green transport at sea" Noreco reports solid performance after North Sea acquisition Three banks adopt the Poseidon Principles Maersk kicks off layoffs in several countries Odfjell Drilling delivers improved profit in challenging market Dof impairs fleet – hopes to soon find refinancing solution Teekay profited on US sanctions – even though it was itself subject to sanctions Greek national bank sells shipping loans for EUR 262 million CMA CGM reports successful biofuel trials Major bank points to three potential acquisition targets for DSV Panalpina Alfa Laval increases labor power to gain leading position in booming ballast water market Four rig companies lost a combined USD 1.6 billion in three months Monjasa further bolsters itself for 2020 with new bank agreements Hitecvision's oil company grows on the Norwegian shelf with new acquisition Frontline bags Chinese funding for Trafigura ships Development bank lends Mozambique USD 400 million for LNG Ackermann worries about the order book despite record profit VLCC rates near USD 100,000 again Frontline lost USD 10 million in the third quarter Maersk Drilling maintains expectations for operating result India to ratify the Hong Kong Convention CMA CGM's credit rating could improve soon Borr Drilling hit by new massive deficit Valero says Trafigura was responsible for contaminated bunker Minister says Maersk's out-flagging of scrapped ships is striking Higher gas rates lift Avance Gas' earnings Hafnia books deficit in first financial report since listing China establishes new shipbuilding major Valaris bags new contracts NYK Line to establish LNG collaboration with Indonesian oil company Nordic American Tankers sees strong market continue into 2020 CMA CGM does not expect to profit from Ceva Logistics till after 2023 Toft and Happe's departures will test old Maersk myth Boskalis takes over last part of Arab company Samsung Heavy is fined USD 75 million in the US in bribery case
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