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Logistics

Virus outbreak creates uncertainty in dry bulk

The coronavirus outbreak in China creates uncertainty in shipping – not least in dry bulk, which is already off to a difficult start in 2020. The situation has prolonged the Chinese New Year, and this can cause delays in the market, a brokerage firm tells ShippingWatch.

Hapag-Lloyd follows Maersk: Increases bunker surcharge

Yet another of the world's biggest container shipping companies now introduces an extraordinary bunker surcharge following recent weeks' large price increases on low-sulfur fuels. This time it is German Hapag-Lloyd, ShippingWatch learns.

Kuehne + Nagel combines its regional offices in Singapore

Asia will be the driving force of the global economy in the coming years, according to Swiss Kuehne + Nagel. To secure a stronger position in the region, the logistics major combines its two organizations with thousands of employees in Singapore.

Shipowners' scrubber bet pays off in start of 2020

The price of low-sulfur fuel has increased significantly in 2020, and shipping companies with scrubbers installed are currently profiting on the price spread between high- and low-sulfur fuel oil. This is necessary in order to back the investment, says a dry bulk shipowner.

100 stakeholders must find common ground on CO2-free ships

Around 100 stakeholders now support shipping's goal to launch CO2-free vessels before 2030. In an interview with ShippingWatch, Global Maritime Forum's managing director explains how the parties will reach the target. Next step is a meeting in Copenhagen.

IKEA: Correct data is a prerequisite for decarbonization

Data, and the correct data, is a vital piece of information if you aim to reduce a company's carbon footprint from, Global Sustainability Manager Elisabeth Munck af Rosenschöld, IKEA Transport & Logistics Services, tells ShippingWatch.

DSV's share price outran all others in 2019

DSV Panalpina's share price increased the most in 2019 when comparing with the other shares on the Danish C25 index, which covers the most traded shares on Nasdaq Copenhagen. The increase is almost 80 percent.

CMA CGM's divestments give the Chinese access to strategic ports

Chinese Merchants Port looks set to get access to the most interesting ports in CMA CGM's portfolio with the recent agreement signed by the two companies. According to Alphaliner, this leaves the French company with the ports that are not particularly attractive.

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