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

Before long, Skuld will start negotiating with customers on prices for insurance premiums, and it could lead to increases upwards of 10-20 percent. There are three reasons for the price hikes, CEO Ståle Hansen tells ShippingWatch.

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

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

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