Scorpio Tanker has a grim outlook on the tanker market for the rest of the year, as the Covid-19 pandemic continues to cause turbulence in the global economy and the commodity market. The tanker operator posts a loss of USD 115 million in the first half of the year.

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

The US Federal Maritime Commission is launching an expedited inquiry into eight container carriers in connection with surcharges introduced at the currently red-hot market. In a comment to ShippingWatch, Hapag-Lloyd denies allegations that surcharges are not handled properly.

German logistics giant DHL reports significantly higher revenue from ocean freight in the first half of the year, with the frenzied freight market from Asia to Europe and the US contributing to the growth. The company maintains its projections.

The weak tanker market pulled Teekay into the red in the second quarter, and the Canadian company points to continued uncertainties in light of the Covid-19 pandemic while noting improvements in sight.