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Climate requirements will radically change the bunker industry More than 4 million containers passed through Port of Shanghai in October Norden upgrades its 2020 guidance again MSC buys several container vessels managed by Zeaborn Østergaard's SDK sets its sights on air & sea in next acquisitions Danske Bank expects losses on oil and gas Ship sales gain traction again after worst quarter since 2008 Israel's ZIM buys another 1,000 reefer containers Kuehne + Nagel ranks 15 container lines based on carbon emissions BW LPG completes test of dual fuel vessel Jan Rindbo on suspenseful US election: Quick clarification is crucial Ardmore books deficit in third quarter after big rate drop Creditors sell out of shares in strained Solstad Japanese shipowner plans to finish clean-up of oil spill by January Maersk Drilling signs contract with Dutch Petrogas Bunker Holding owner hunts new golden eggs to diversify business Norden CEO on China: "They have recovered faster than the rest"Euronav secures Poseidon-compliant loans and credits Icelandic fishery group resumes efforts to buy Eimskip Odfjell launches new pool with Navig8 Chemical Tankers Seven European countries join forces ahead of MEPC meeting Anders Grønborg becomes head of sales at Bunker Holding Full inventories result in losses at Scorpio Tankers Concordia plans to get rid of the hangover from spring's tanker party Banks could end up as co-owners of debt-plagued Prosafe Euronav projects new scrapping of supertankers Eagle Bulk eyes turnaround in the dry bulk market despite growing deficit Tyra project delayed nearly a year due to production problems EU Commission downgrades GDP forecast for 2021 significantly Havyard shuts down newbuild operations and lays off 100 in Leirvik Boskalis maintains full-year guidance despite Covid-19 Danaos impressed with container lines' recovery during coronavirus 17 million corona-infected mink lock down Danish maritime hub Major bank sues Lim family for alleged fraud in Hin Leong Call for action after pirate attack on Torm ship BW Group becomes major shareholder in wind service operator Cadeler Shippers are dissatisfied with high prices, poor information and container shortages UK tightens restrictions on ferry freight from Denmark after mutated coronavirus Large-scale merger in the Norwegian oil sector secures crucial approvals Growth in container transport escalates market imbalance DNB sees offshore moving in the wrong direction Stolt Tankers forms joint venture with Essberger Tankers in Europe Three ships attacked within six hours in Singapore Prosafe extends contract on hotel rig with room for 500 oil workers Color Line cancels passenger traffic between Denmark and Norway DHT Holdings' result plunges on diving supertanker rates Bunker companies were hit by dual-shock in Singapore Strained PIL launches comprehensive restructuring Customers criticize DNV GL in espionage case CEO takes over ownership of tanker pool from George Economou Seaspan slightly upgrades its results forecast China is now the world's largest reefer importer: "It's very significant"DHL transported fewer containers in the third quarter Wind service operator Cadeler adds prominent people to its board Port company hooks 31 terminals up to Maersk's digital platform Noreco in deficit despite favorable price deal Torm reports slight profit for the third quarter Denmark wants to increase maritime security in Gulf of Guinea Container shortage pushes rates to highest level since 2009 Norwegian dry bulk operator points to low order book after new deficit Torm's overheated spring turned into a cold shower over summer: "We're challenged"Odfjell also wants to be climate neutral by 2050 Shell plans to dial down oil at its large Singapore refinery Dan-Bunkering formally charged with supplying jet fuel to Syria Nicolas Sartini leaves CMA CGM Bunker Holding surprised by charges in Syria sanctions case DFDS maintains its 2020 guidance Wallenius Wilhelmsen keeps ships stacked after small profit German terminal operator launches major cost-cutting initiative Maersk doubles capacity on intercontinental rail route through Russia Teekay Corporation sees improvement in the third quarter Crisis-stricken Dof books new million-dollar losses on fleet Golden Ocean hires CCO with experience from Western Bulk DFDS has to reconsider its ambitious 2023 strategy after Brexit and Covid-19 IMO approves guidelines for crew changes during Covid-19 Tailwinds continue at Hapag-Lloyd – boosts earnings in the third quarter 2020 Bulkers continues positive streak Product tanker carrier d'Amico exits third quarter in the red Henrik Ramskov and Peter Borup to join new Rainmaking initiative Bank predicts new round of upgrades from container lines HMM still in the black but sees several worrying signs ahead BW LPG earned less money in this year's weakest quarter A supply vessel now costs the same as a cheap one-room apartment in Oslo One factor overshadowed the pandemic at Hapag-Lloyd in 2020 Media: Banks divest their debt in Seadrill ahead of tough negotiations PIL presents details of state aid package totaling USD 600 million MSC is gaining ground on Maersk as the world's biggest container line Maersk Drilling receives contract extension on drill ship from Brunei Shell Container lines move capacity to the Transpacific at speed Maritime & Merchant views bulk and container in a more positive light 14 seafarers kidnapped from heavy lift vessel in Gulf of Guinea Yang Ming handled fewer containers in the third quarter Several fear a useless outcome from this week's MEPC talks Toll Group confirms divestment plans Danish Shipping celebrates major Asian trade deal Shipping companies say bunker licenses in Rotterdam are not enough to solve problems Secretary general wants IMO to focus on long-term climate goals Aker Offshore Wind to increase investment in floating offshore wind Nordic American Tankers maintains positive market outlook CMA CGM confirms Chinese pressure after sky high container rates Cadeler plans to raise USD 100 million through IPO in Oslo CMA CGM introduces carbon compensation scheme for customers PIL misses loan payment amid talks to secure financial aid DFDS to sell duty free alcohol and tobacco to increase revenue after Brexit Oldendorff sells six ships to Chinese leasing company Shippers do not want a "Chinese ceiling" on container freight rates DCSA has settled several new standards IMO approves much-discussed proposal on how to lower short-term emissions Maersk upgrades its full-year guidance Star Bulk CEO: Dry bulk market is driven by global stimulus projects Maersk doubles its profit in the third quarter New ships expand fleet of Fredriksen's Flex LNG Thomas Wilhelmsen submits counter-offer to buy out relatives Utilization drops significantly in Maersk's port division State prosecutor calls for prison sentence for Bunker Holding CEO South Korean shipyard to build ten supertankers Equinor unexpectedly ups Johan Sverdrup output "The alternative to MEPC agreement would have been chaos"Skou unfazed by criticism: "I think our customers are pleased we are doing well"Maersk earmarks billions for investments over the next two years Israel's Zim sees recovery continue after record profit Shipowners have yet to take part in container lines' rate boom New sanctions on Iran hit shipping companies with ties to religious leader Golden Ocean pleased with its bet on the largest bulk vessels Maersk Tankers sells vessel that rescued migrants this summer Norden ups handysize focus in Asia and the Pacific Defense minister meets with Torm chief to discuss pirate attacks European Union unveils EUR 800 billion offshore wind plan DB Schenker hires former Panalpina employees for managerial roles Shipping executives believe a vaccine can shorten the tanker downturn Søren Skou after break from DB Schenker: You win and lose customers First supertanker sold for scrapping in 512 days Seadrill keeps losing money – has yet to settle rescue plan Maersk Drilling raises the bottom of its guidance despite lower revenue Bankrupt Stadil company owes millions to Maersk Hafnia books small profit despite significant rate drops Accounting firm puts the Lim family's chemical tankers up for sale "It may allow people to do nothing for the next few years"MPC Container Ships optimistic about 2021 after Q3 deficit Maersk Drilling prepares to scrap rigs to improve drilling market Stena Line reopens route between Denmark and Sweden NTG hires new CEO of air and ocean from Vestas CMA CGM Group reports profit of above USD 500 million Strained Seadrill secures postponement from some of its creditors Nordic Shipholding impairs and downgrades its guidance Container lines headed for highest profit in eight years New wind plans require far more offshore wind service vessels Strait of Singapore sees significant increase in robberies Bourbon's comprehensive restructuring delayed by offshore crisis IMO raises sulfur content limit to 0.53 percent Nordic Shipholding races against time to settle debt agreement German oil player hit by low commodity prices Søren Skou put pressure on the Danish government to help stranded seafarers Rescue plan for crisis-stricken rig company approved by court in the US Diana Shipping has lost more than USD 100 million in 2020 Borr Drilling's equity emission significantly oversubscribed DSV's IT chief on integration: The cleanup was greater than expected Three seafarers on bunker ship kidnapped in West Africa Oil climbs to highest level since August Maersk Drilling signs contract with Total for USD 100 million Equipment shortages lead to more boxes being shipped on other vessels than planned Port of Rotterdam has no plans for mass flow meters Virus outbreak on ship costs Ziton millions on the bottom line in 2020 Nixon and Habben Jansen appointed chairmen of World Shipping Council Port of Hamburg sees drop in cargo volumes leveling out Maersk and MSC lead charge in capacity buildup on the Pacific Frontline faces a fourth quarter with significant rate drops Maersk-chartered ship runs aground after collision Strained PIL reports large net loss for first half of the year Maersk Tankers after 38-day-long migrant crisis: There was no solution in sight Bimco calls off peak season for tanker operators Nordic Shipholding expects to land new loan agreement shortly Avance Gas sees a positive market looking into 2021 Greek oil tanker sails into mine off the coast of Saudi Arabia OECD report criticizes LNG and methanol for not being climate-friendly fuels Team Tankers sells European chemical tanker fleet Shipowners fear another Maersk Etienne case and call for political action MPC's nightmare summer has transformed into the best market in years The US increases its container alliance monitoring on the heels of rate boom Arne Fredly's tanker operator postpones market recovery after new infection wave DFDS to operate a hydrogen-powered ferry from 2027 Hin Leong founder denies accusations of falsified documents Bimco to become "more proactive" at the IMO with new London office More than 50 dry bulkers with Australian coal stranded off China Shipping associations want Jeff Bezos to fight for stranded seafarers Denmark looked into support for Tunisia during migrant crisis on board Maersk ship Container rates continue to skyrocket with sharp increases on Asia-Europe DFDS opens direct route between Ireland and France Norwegian investor sells shares in strained offshore ship operator 128 seafarers kidnapped in Gulf of Guinea this year after new incident Chinese blacklisting of Australian coal hits four Golden Ocean ships Maersk's biggest customer disappointed with the container line's large-scale logistics ambitions Scorpio Bulkers sells four ships to Pacific Basin Norwegian shipowner sentenced to prison in scrapping case Dry bulk market sees biggest influx of ships since 2016 Japan and South Korea warn EU against carbon quotas on shipping Songa Container postpones remaining scrubber installations CMA CGM looks to forestation projects to offset its climate footprint Rightship picks new CEO with roots in Maersk and DNV GL Canceled and postponed contracts trigger new major loss for Borr Drilling ONE expands its fleet with eight huge vessels and opens up for newbuilds Container lines' schedule reliability is in "freefall"Every seventh newbuild is built to sail on alternative fuels Opec+ talks delayed as countries fight over oil output Søren Skou expects growth from Maersk's blockchain venture in 2021 Yara's plans of an autonomous container ship enters a new phase Maersk initiates DKK 10 billion share buy-back program Seadrill subsidiary applies for bankruptcy protection Hafnia's US methanol project encounters new environmental resistance Four seafarers kidnapped from product tanker in West Africa Exxon Mobil books USD 20 million impairment Maersk and CMA CGM want EU to award free allowances to the most efficient ships OECD cuts global forecast, warns governments to maintain support Celsius bags charter deals for new LNG vessels Oil companies paid 21 percent less in taxes last year UN to make seafarers key workers during the coronavirus crisis Container lines' operating margins soar to decade-high Søren Toft must break with 50 years of patriarchal hierarchy at MSC Postponed OPEC+ meeting triggers oil price drop Aker Solutions probed for providing false information in Malaysia New tanker pool will invest USD 200 million in more efficient ships Greek shipowners oppose the EU's ETS plans: Want tax on fossil fuels instead Singapore banks tighten control after oil trade scandals Extreme market out of China has DSV chartering ships and containers: "Extraordinary"Former Panalpina CEO to advise Scan Global's executive leadership China to allow Australian coal cargo ashore despite ban Small and medium-sized vessels benefit from tight container market DSV Panalpina buys South African company Trafigura injects more than USD 60 million in hydrogen project Requirements for eco investments could force some shipowners out entirely ONE may have lost more than 1,900 containers near Hawaii Family members turn down purchase offer from Thomas Wilhelmsen Startup established by former Maersk people has surpassed 1,000 ships Former Endofa partner acquitted by High Court in case concerning oil trades Bimco calls on the EU to approve ship recycling in India Oil advances toward USD 50 after OPEC+ clinches compromise deal Stena has said farewell to 1,400 employees in 2020 Ziton plans to raise millions of euros to purchase vessel Maersk Tankers expands pool with ships from the Lim family's shipowning business Swedish investment bank applauds DSV's strategy after latest acquisition Vitol pays USD 135 million in settlement with authorities in bribery case Container freight rates continue to soar Cadeler in talks to buy new installation vessel and cranes worth USD 400 million Half of all new dry bulkers delivered in 2020 are equipped with scrubbers Danish oil extraction to stop completely in 2050 – license tenders disappear ONE tallies final number of containers lost in the Pacific Maersk drilling bags contract Media: Creditors rage against Fredriksen's Seadrill This is how Ørsted kicked off climate talks with its key suppliers CMA CGM shuts down bookings from Asia to Europe until the end of December Ocean Bunkering set to close shop after Hin Leong scandal Singapore-based yard terminates another contract with rig operator The price made Ziton call off large-scale share issue Investors sought for 'green ammonia' plant upgrade in Norway Norwegian shipowners say CO2 levy for shipping is a necessity Maersk Product Tankers sells 14 product tankers DFDS sees significant inventory buildup among exporters to Great Britain Rice could become part of Maersk's future fuel mix Hapag-Lloyd will decide whether to order newbuilds in the first half of 2021 Seaspan expects significant earnings from five new container ships Container majors agree on digital bill of lading standards Freight forwarders can look forward to 5 percent annual growth after tough 2020 Hapag-Lloyd upgrades its 2020 earnings forecast due to strong market Kjell Inge Røkke overtaken as Norway's richest person Norway's police see beaching as a threat to the environment and have another case in their sights following prison sentence Investment slump has created an aging fleet of small and medium-sized container ships Vestager asks Italy to put an end to tax exemptions for its ports Danish Shipping calls for carbon levy on shipping MAN bags principle approval for new design for methanol-powered product tanker Analyst predicts another uncertain year for shipping stocks Hapag-Lloyd halts pick-ups of empty forty-foot reefer containers DSV Panalpina open to joining platforms such as Tradelens EU to put shipping first in line for green fuels Team Tankers is effectively for sale Maersk Drilling appoints new CFO Trafigura divests shareholdings in Scorpio Tankers and Frontline Stena Line calls for special implementation phase after Brexit Equity fund EQT buys ferry operator Molslinjen Hydrogen could undercut the LNG market MOL to transport coal on board wind-powered vessel Former Panalpina CEO to give Scan Global international dimension on new advisory board Bjørn Vang Jensen joins Sea-Intelligence's management team Shell appoints new global head of shipping Fidelity calls for urgent action to help stranded seafarers Equity fund plans to grow ferry operator in the Nordics following takeover Next year's oil consumption is not enough for a tanker recovery Carbon levy could more than double the price of traditional fuel Christiania Shipping completes its refinancing EU agrees to reduce emissions by "at least 55 percent" Container shipowners' lobbyists reject simple solution to extreme situation Nordic Shipholding extends loan agreement and plans to sell two vessels MOL appoints its CEO as new chairman Freight rates on Asia-Europe climb to highest level since 2014 Maersk and ONE have to decline bookings in Asia due to overheated market Ursula von der Leyen: Hard Brexit is the most likely scenario Media: Owner plans to shut down major German shipping bank Cosco sells stake in leasing company to new Chinese state fund Hafnia vessel hit by explosion in Saudi Arabia Container shortages will continue into the new year Media: Maersk accused of corruption in Brazil Scan Global is in talks with two acquisition targets Noble has sold its last bulker Longest Arctic sailing season tops off a year of climate disasters Overheated market leads CMA CGM to deploy additional capacity BW Rhine explosion is yet another attack on shipping and Saudi interests CEO anticipates soaring LNG rates OPEC trims demand forecast for 2021 Australia says coal import ban by China would breach WTO rules Torm satisfied with USD 90 million scrubber investment despite oil price drop Seadrill's forbearance agreements expire without new ones in place Newspaper: Maersk risks blacklisting from new contracts in Brazil EU criticizes shipowners for using controversial recycling maneuver BP sued for alleged part in Hin Leong case UK outlines future halt to oil extraction Hurtigruten hit by extensive cyber attack Large insurance claims lead Skuld to book a deficit for the first nine months BW Group takes over 39 percent of US gas tanker carrier in million-dollar deal Oil firm Equinor appoints new CFO 3 out of 15 loan portfolios in Poseidon Principles align with climate target Eimskip's shareholders decline new offer from fishery group Bourbon set to divest nearly 100 ships with rescue plan For the first time in 15 years container spot and charter rates see a synchronized rise Equinor awards big offshore order to Aker Solutions Carriers flock to trending wind market – but entry costs exclude many Norden sells two tankers and buys two bulkers Norwegian shipowner appeals prison sentence in shipbreaking case UK wants to challenge Singapore's shipping hub status Alfa Laval to lay off 600 due to oil industry downturn Former Maersk exec becomes CEO at mining group Keppel to build large wind vessel in the US Bunker Holding increases its lead as the world's biggest bunker supplier Maersk secures three-year contract with Novo Nordisk to ship insulin Shell and Nordkraft launch hydrogen partnership in Norway Seaspan to raise millions of dollars for acquisitions Drilling rigs lost billions of dollars in value in just one year ICS shoots down Danish and Norwegian wish for carbon levy Scorpio Tankers beat product tanker rivals despite rate downturn in third quarter Congestion grows in Chinese iron ore ports Maersk Drilling considers entering offshore wind and hydrogen A.P. Møller Holding injects EUR 20 million into hydrogen firm Container lines' schedule reliability drops to historic low Axel Eitzen puts his son in charge of Christiania Shipping MOL accuses seafarers of "unsafe behavior" ahead of Mauritius grounding Eimskip forecasts results for remaining year and 2021 Wilhelmsen strife continues: Cousins raise offer for CEO Pandemic could backpedal bunker sales: "IMO 2020 has been a real life-saver"Container freight rates continue upward at slightly slower pace Crew on board Maersk vessel safe after pirate attack Eagle Bulk plans to raise millions for new vessel purchases Scorpio Bulkers books USD 500 million write-down on vessel values Traders at odds with China import ban keep coal cargoes in limbo MSC implores China to allow crew change on bulk vessel off coast DFDS and Stena Line hit by new restrictions after UK's Covid mutation Maersk calls for international action after new piracy attack in Gulf of Guinea Shell still divesting and forced to book major impairment No normal seasonal fluctuations in container spot rates this year Suez Canal extends rebates for ships Bottlenecks rattle world economy backbone of container shipping BW LPG plans to install dual-fuel engines on board 15 ships in total Morten Engelstoft plans digital transformation of Maersk ports Monjasa deploys new vessel in West Africa as floating storage The Stadil family sells dry bulk company Trithorn Bulk Kitack Lim criticizes charterers' "no crew change" clauses Greenpeace loses oil case in Norway's Supreme Court, considers EU appeal Corona and crew changes have been a costly affair for Anglo-Eastern BW LPG buys stake in John Fredriksen-controlled company DFDS employees awarded shares worth USD 18 million Conoco Phillips reports major oil discovery in Norway BW and Lauritzen create new gas major: BW Epic Kosan Hapag-Lloyd orders six new ultra large container ships Stena Line once again sails passengers from the UK DHL expects no container market stabilization until second half of 2021 Merry Christmas from ShippingWatch Cosco and Maersk declared winners of new Asian free-trade agreement Environmental agency sharpens its assessment of Hafnia's methanol project Steen Lund believes climate requirements will boost Rightship's CO2 ratings ONE to expand its fleet with six of the world's largest container ships Danish Shipping fears it will see fewer jobs in British waters Container rates continue to skyrocket Borr Drilling appoints new CFO again Uni-Tankers will hunt for acquisitions in 2021 2020 will be a historically dreadful year for oil impairments EQT to buy majority stake in Norwegian transport major Bunker Holding eyes more acquisitions DFDS dodged the "worst" outcome of the British deal with the EU Clipper expands its fleet with purchase of two ships Spetalen's Saga Pure invests in carbon capture technology China's regulator approves South Korean yard merger Sohmen-Pao offers the financial strength that Lauritzen Kosan needs A flood of new ships puts pressure on bulk until mid-2021 Rig company Awilco takes new step in dispute with Keppel 140 dry bulk ships with soybeans hit by strike in Argentina South Korean container lines join forces in regional alliance Maersk CEO acts on logistics issues in red-hot container market after US pressure Siem Offshore still waits for clarification from its Brazilian creditors Toft on departure from Maersk: I felt ready to try something new This year's most read stories: Maersk and DB Schenker, Toft's new job, cyber attack ShippingWatch will be closed for New Year Maersk Broker merges several activities Shipyards receive another order for ultra-large container ships Maersk's share price is back at its former glory Chief executives eye better days ahead for dry bulk Two container lines in particular expanded their fleets in 2020 Argentinian labor strike is over - 162 dry bulkers were hit Arne Fredly sees many shipping companies as "pure fraud"Maersk is on track to become a modern tech company Here are five decisive things to keep an eye on in 2021 Kuehne + Nagel gets approval for sale of British business unit to US competitor Container lines' weak reliability in the US is exaggerated Bjørn Vang expects long-term contracts to increase by up to 50 percent Mine found on tanker vessel near Iraq Pacific Drilling exits Chapter 11 following successful restructuring Iran seizes Korean oil-products tanker in the Persian Gulf Zim to raise USD 100 million with New York IPO Shipping stocks fell 26 percent in 2020 Lightship opens office in Singapore and hires former Ifchor director Evergreen container ship loses 36 containers Odfjell is optimistic about chemical tanker in 2021 on the heels of the best result in 12 years Shipowners call off fears of UK becoming "European Singapore" after Brexit South Korea deploys naval vessel to Strait of Hormuz Shippers and freight forwarders call on EU to intervene in overheated container market Corona restrictions are unchanged and the new normal for Cpt Debie Morera and his crew Color Line sends home another 500 employees Robert Uggla takes over close to one fifth of Maersk Tankers from the family company 2020 was a dreadful year for raising capital in the shipping sector Boskalis acquires offshore service competitor John Fredriksen appoints new CEO of Avance Gas OPEC+ agrees to limit production with Saudi Arabia favoring output cut Final dash in 2020 drives order book for container ships above 10 percent Upturn in Maersk's share price could continue until Chinese New Year "It is time to take control of your supply chain"Wallenius Wilhelmsen reactivates nine cold stacked vessels Hin Leong's court-appointed managers seek to freeze Lim's assets USTC-heir makes first move to adjust the organization Shipping shares on the Oslo Stock Exchange dropped 11 percent in 2020 Maersk prepares for a farewell to record high rates in first half of the year Scorpio Bulkers announces new name as part of dry bulk exit EU's shipping carbon quotas may come into force as soon as January 2022 Saudi cuts prompt oil price increase Norwegian Shipowners' Association hopes for demand growth in 2021 Trafigura will lower its carbon emissions 30 percent by 2023 at the latest Sale of three South Korean shipyards enters final phase Maersk appoints new head of green transition Rates for the largest gas vessels surpass USD 100,000 per day Odfjell issues sustainable bonds for upwards of NOK 1 billion 71 dry bulkers remain idle off the coast of China with no prospect of offloading Ceva Logistics expands reefer services with new acquisition in Morocco Container volumes almost fully recovered despite large drop in the spring of 2020 Northern Offshore Services provides seven ships for Ørsted Container spot rates increase for the 13th consecutive week Close to half of shippers want more logistics partners in 2021 Norwegian shipowners want Nigeria to resolve piracy issues in the Gulf of Guinea 25-year-old rule prevents permissions for shipbreaking in India Ship orders slump 50 percent with owners unsure which green fuel to use Cadeler looks ahead to enormous growth in the market for offshore wind installations Dry bulk index goes up more than 10 percent Port of Antwerp is testing sensors for autonomous ships Analyst firm: Shippers should prepare for increase in bunker surcharge China's iron ore import could be the growth-driver in the dry bulk market in 2021 Nearly 50 drilling rigs retired in 2020 DFDS takes Oslo ferry temporarily out of service after new restrictions Iran wants frozen funds released following seizure of South Korean tanker 2020's weak spring in the container market could be recovered in strong final stretch New report shows difficulty in hitting EU's 2030 climate goals Scorpio Tankers projects new recovery for product tanker Freezing weather in Asia sends energy prices soaring, catching markets off guard Owner of Minerva Bunkering buys majority of supplier in large deal Hempel set to invest billions in growth plan Ultraship to digitalize its sailing through agreement with Wärtsilä Brexit final dash reduces DFDS' setback in cargo volumes Another senior executive leaves Trafigura and Fredriksen's bunker company Winter LNG boom creates most expensive cargo ships in history Hapag-Lloyd vessel attacked by pirates near South America DSME fails to meet its order target for 2020 Norwegian tax cuts could create boom in oil projects in 2022 The pandemic stress tested Maersk's new strategy and its customers' opinions US crude exports did not result in the boost tanker carriers anticipated in 2020 DHL's freight forwarding business lifts its result for the full-year 2020 Scorpio Tankers enters several sale-and-leaseback agreements Minister's efforts to secure support for joint pirate effort in Gulf of Guinea fall flat Fidelity leads USD 2 trillion investor group seeking seafarer aid MSC and Søren Toft join association working to develop hydrogen as future fuel Media report Shell to dismiss over 300 in North Sea Denmark assumes responsibility of European naval effort in Strait of Hormuz Bank DNB ready to act if Borr Drilling fails to settle rescue plan Svitzer kicks off 2021 with more questions than answers Price of EU carbon quotas climbs to all-time high Trøim-owned tanker and gas company sold in billion dollar transaction DFDS upgrades its 2020 guidance for the third time Robert Uggla calls for moderation in Maersk boom: "Container shipping is a cyclical industry"Oldendorff, Golden Ocean and Star Bulk still have ships waiting off China: "Completely unprecedented"Flexport: Red hot container market calls for 500,000 new containers Interpol searching for captain and shipowner after huge explosion in Beirut Neon leaves Denmark after remarkable entry that led competing marine insurer to shut down Shell climbs to the top as the biggest bunker supplier in Singapore OSM Maritime on new corona restrictions: We are close to the situation seen in the spring Danish Shipping hopes for special agreement to allow shipbreaking in India Maersk ship attempted boarded by pirates in Gulf of Guinea Odfjell raises millions of dollars through sustainable bonds Fuel trade almost halved in Asia in 2020 Blystad's OHT opens in Denmark with former Maersk, Deme and Ørsted people Seadrill company decides not to make interest rate payment Maersk calls for increased military protection in piracy-plagued Gulf of Guinea China considers measures to increase capacity and stabilize container rates Analyst expects strain on earnings for Frontline, Hunter and Nordic American Tankers OOCL's earnings soar on strong container market Outgoing chief exec of Wallem Group criticizes charterers in coal conflict near China DNB after leaked backup plan on Borr Drilling: Rescue plan is still the primary goal United Heavy Lift expands its fleet with eight newbuilds Maersk Drilling finalizes contract with Total Coronavirus crisis gives boost to Tradelens Total withdraws from major US oil association Analyst: Towering freight rates in container market are not due to blank sailings Maersk center and Svitzer will work to convert green fuel into electricity Waiting time off major US container ports surpasses large-scale conflict a few years ago Bourbon Offshore saw activities diminish 20 percent in 2020 Investment firms buy terminal in Rotterdam Major shipping nations disagree on military solution in Gulf of Guinea Unusual 2020 pushed millions of containers to the second half of the year Analyst firm sees record-high LPG rates soften Singapore is ready to vaccinate more than 10,000 maritime workers Maersk faces a financial litmus test once the container market stabilizes Freight prices between China and Europe more than tripled CEO sees one impediment in particular for trending wind market Søren Skou expects to order Maersk's first carbon neutral vessels in three years Wärtsilä announces start date for new CEO Lundin and Wintershall emerge victorious from Norwegian licensing round Equinor and Maersk Drilling continuously assess membership of oil lobbies Maersk Product Tankers divests the world's first ship equipped with rotor sails Crisis-stricken Borr Drilling gets green light for rescue plan Hafnia's US-based methanol plant is rejected by environmental authorities Zim to raise triple-digit million dollar sum through US listing Aker poaches Equinor wind chief Scorpio Bulkers has now sold more than 26 ships as part of dry bulk exit Elon Musk's aerospace company buys two rigs from Valaris Martin Fruergaard replaces Mats Berglund as CEO of Pacific Basin Singapore to make huge cash injection in PIL and dilute the ownership Cyprus to lure in shipping companies with "green" tonnage tax Will Joe Biden benefit shipping? Chief executives disagree Joe Biden signs decree returning the US to the Paris agreement Maersk ship loses 750 containers in the Pacific US blacklists oil traders and tankers for violating sanctions on Venezuela Politicians want dockworkers in LA and Long Beach moved up in vaccination queue This is Bourbon Offshore's strategy on how to emerge from the crisis Major bulk ships now earn more than five times more than supertankers Alba Tankers has bought new ships and made USD 16 million in five years Maersk is looking into the possibility of vaccinating its employees Maersk ship is latest example of remarkable container losses in the Pacific Maersk exec: "We have seafarers that are afraid of pirates – that shouldn't be the case in 2021"Prosafe reaches deal with oil company after canceled contract New NGO to enforce standards created by Rightship and Intercargo V.Group replaces CEO of ship management unit Borr Drilling raises millions after securing approval for rescue plan MSC fired warning shot to ward off presumed pirate attack DB Schenker resumes freight to UK – DHL suspends some freight in the other direction Kristian Siem loses ownership control of Siem Offshore Black Lives Matter stirred up a dilemma for the president of Hapag-Lloyd America A new motorized bow turns tugboats into icebreakers Seaspan brings in USD 200 million from sustainbility-linked bonds One killed and 15 seafarers kidnapped in pirate attack on container ship in the Gulf of Guinea OOIL raises USD 120 million for new ships and containers Shippers and freight forwarders: EU to discuss red-hot container market with US and China Shippers with "low-value" goods hit hardest by soaring rates Bunker Holding company sees fierce competition after oil price plunge Bunker supplier Peninsula expands in North Europe What is going on with Pacific Basin and Nordic CEOs?Odfjell Drilling signs million-dollar contract with Lundin Energy Unemployed supertankers are about to get junked on Asia's beaches Maersk Broker in partnership with platform for alternative ship financing Shipping heavyweights join forces to solve crisis of stranded seafarers DFDS buys Dutch logistics company with 1,800 employees Diamond Offshore announces comprehensive restructuring plan Sveaas' investment firm becomes one of the major owners of Trøim's Borr Drilling Equinor and Total in dispute about faulty wells BP drastically cuts oil exploration Maersk Tankers venture now has 1,300 ships linked to its platform Hapag-Lloyd believes that container demand will remain high for the next six months MAN to supply engines for Hapag-Lloyd's new mega-ships United Heavy Lift establishes joint venture with Zech Fond for new ships IMF upgrades its global growth forecast DFDS' new major acquisition comes after years of courting the owner family Hapag-Lloyd reports operating profit of USD 3 billion in pandemic year Nicolas Sartini gets new job after leaving CMA CGM Keld Demant steps down as chairman of Global Risk ahead of strategy change Jeff Bezos' fund is part of new association for more climate-friendly freight Oldendorff joins development of rotor sails for dry bulk ships Wan Hai orders 12 container newbuilds and gains ground on competitor Massive congestion in Long Beach is the wild card in the container sector Bunker Holding closes subsidiary's London office after tough year EU working with several models for including shipping in quota system Container lines use lucrative 2020 to pay down debt and not on new ships and acquisitions Zim lowers its equity offering and price target in IPO Dan-Bunkering case to commence in October - court earmarks 18 court days Here is Joe Biden's executive order set to double offshore wind by 2030 and make shipping greener Departing Wärtsilä CEO puts faith in vaccine roll-outs after tough 2020 Easier crew changes compensate for sliding rates at Stolt-Nielsen's tanker operator Big freight rate increases could boost Maersk's operating profit in first quarter Multi-purpose operators benefit from offshore wind and red-hot container market 2020 Bulkers continues its streak of booking solid profits Tough fourth quarter sends Concordia Maritime into the red for 2020 Bimco sees imbalance in supply chains continuing into 2021 Zim debuts on New York Stock Exchange with big drop Scan Global makes acquisition in North America APM Terminals boosts green transition for US container terminal Two of Scandinavia's biggest banks now own ten offshore vessels Navigare expands its fleet with the purchase of new tankers Keppel splits offshore business in two and bets on green solutions ONE earns nearly one billion dollars in lucrative container market Analyst firm: Stable rates make projected Maersk earnings look conservative Gas ship operator launches world's largest LNG ship type Dof extends forbearance with creditors in limbo ahead of rescue plan More than half of the world's container ships arrived late in December Concordia CEO fears new ship ordering rush in product tanker Eagle Bulk vessel attacked by pirates off Ghana Media: Exxon and Chevron discussed merger Seadrill's forbearance agreement with creditors expires Nordea and Danske Bank have more than USD 25 billion in oil, coal and gas Biggest gateway for US imports hit by record ship bottleneck Authorities are trying free kidnapped seafarers from Hapag-Lloyd-chartered vessel Maritime battery supplier expands with production of fuel cells PIL secures approval for life-saving rescue plan Bulk carriers head into record year for grain and soy product transports to China Offshore supplier terminates all employees and sells vessels More than 400 ships ended up on the beaches of South East Asia last year – 10 workers were killed FMC urges Biden to prioritize vaccines for maritime employees BP lost USD 5.7 billion last year Maersk Supply Service appoints new CFO Shipowners split their fleets up in two according to new carbon efficiency requirements MPC Container Ships has settled new charter deals for 41 ships Scorpio Bulkers sells seven ships to Star Bulk as part of exit from dry bulk The European shipbuilding industry can expect more layoffs and a lower order book Dorian LPG to buy back shares for USD 100 million Iran releases crew of South Korean tanker DSV Panalpina secures higher rating from Moody's Congestion in major ports hits container lines with loss of revenue Frustrated Maersk wants EU speed up approval of shipbreaking in India MSC ship loses containers en route to China Why should new crew change alliance make a difference in 2021 when politicians remained mute in 2020?Biden's administration makes Ørsted CEO optimistic about approval in the US Evergreen orders upwards of 20 new ships Analyst firm: Crude oil demand may have peaked in 2019 Alfa Laval's orderbook shrinks due to lower newbuild activity Navig8 Chemical Tankers sells five vessels with leaseback agreements Congestion in Los Angeles spreads to nearby ports Fjord Line's new CEO inherits a million lost passengers and a tough crisis Euronav CEO awaits normalization of global oil markets after tough months Prosafe doubles its deficit in 2020 to USD 950 million Up to 30,000 vessels may be non-compliant with the new EEXI regulation Danske Bank expects new losses on offshore Scrap yards disagree with Maersk: Plenty of space at approved EU shipbreakers Stolt Tankers' new CFO will help pursue a listing for the company Hamburg Süd appoints new CEO Seadrill gets another extension on payments to creditors Cartel case has cost Wallenius Wilhelmsen USD 485 million in total Vale to pay USD 7 billion for one of the worst ever mine disasters Euronav is ready to deploy USD 700 million CMA CGM to expand US headquarters Banks face major losses on Hin Leong after potential buyers have withdrawn Bunker supplier Peninsula adds LNG to its offering Scandlines has to postpone its climate target Major bulk players have diligently purchased vessels from Scorpio's fire sale NGO urges EU to include LNG and voyages outside the region in quota system Maersk's acquisition "war chest" doubles in size to USD 20 billion China set to unload some stranded Australian coal amid ban Oil price climbs above USD 60 per barrel Seadrill files for Chapter 11 in the US for Asian subsidiaries Maersk sues Glencore for bad bunker oil – wants million dollar compensation Norwegian Pro Fuels sold to Singapore company CEO says offshore wind could become one of Norway's five top exports by 2030 New Nigerian naval chief issues warning to corrupt personnel The EU's largest trade agreement to date fades out of sight with climate discussions Growth sidestepped DP World despite 71 million teu throughput Seaspan expands fleet with order for two container newbuilds Container lines blank fewer sailings than expected for Chinese New Year Weak tanker market makes DHT push forward yard stays Crew can soon go ashore after months aboard MSC ship Total withstands crisis with profit near USD 900m Hapag-Lloyd bags financing for six new container ships Prosafe CEO is optimistic about 2021 despite USD 1 billion loss Major container line deflates hopes of imminent resolution to container shortage Analyst expects to see Seadrill in Chapter 11 a few months from now Valaris nears a solution after reaching agreement with several creditors Two people have perished at shipbreaking yards in Turkey DSV Panalpina launches ambitious 2025 targets for each division DFDS expects to improve its revenue by upwards of 25 percent in 2021 Maersk expects to earn even more money in 2021 Equinor finishes 2020 with fourth quarter deficit of USD 500 million Media: Port operator assumes control of Lim family's crown jewel Norway's DNB further reduces its loans to shipping Unifeeder and X-Press Feeders increase fleets by more than 20 percent since January Maersk reports significantly increased prices in key contract negotiations DFDS is hesitant about earnings target from its growth plan Weak fourth quarter pushes Ardmore into the red German terminal operator saw its result plunge by EUR 100 million last year Seadrill files for Chapter 11 in the US for the whole group Odfjell expects slower beginning to 2021 Equinor's international problems exposed yet again Around one in two Maersk ships arrive late – now Søren Skou wants to correct course Brexit deal hampers UK exporters' freight across the Channel BW Offshore impairs further and plans to invest in offshore wind DNB acknowledges overly generous loans to distressed offshore sector DSV Panalpina invests heavily in new 2025 strategy Eagle Bulk buys three new ships ONE completes test of biofuel on the Atlantic Eneti, formerly Scorpio Bulkers, sells five ships for USD 88 million Dreadful year for drilling sector hits Maersk Drilling with billion dollar loss South Korea's biggest yards increase order target for green ships Hafnia's partner in US methanol plant appeals environmental rejection Western Bulk says 2021 could bring best dry bulk market in years Seadrill subsidiary settles forbearance agreement after parent company's Chapter 11 petition CMA CGM buys planes and establishes new air cargo division Maersk points to four future fuels: Several barriers still need to be overcome Maersk Drilling CEO sees three major obstacles for strained drilling sector Seaspan orders LNG-fueled container newbuilds 15 kidnapped seafarers from Hapag-Lloyd chartered vessel released Two major European ports join forces 90,000 oil jobs could disappear within a decade DSV wants to enable customers to pick greener routes Ørsted expects significant growth in offshore wind in Europe Seadrill loses equity holding in Seadrill Partners with new rescue plan Former Wrist Ship Supply CEO gets three new jobs Lauritzen Bulkers opens new office in Hong Kong Aker Solutions in the red after turbulent year and merger Mærsk Mc-Kinney zero carbon research center calls for Chinese partners Maersk is now the only liner company without large newbuilds on order S&P increases DSV's credit rating: Demonstrated resilience throughout the pandemic German HCOB ready for new shipping loans in 2021 Long-term container contracts increase by upwards of 75 percent Ship sales weigh down Røkke's Ocean Yield in fourth quarter BHP lifts outlook and pays record dividend during supercycle talk Oaktree fund joins forces with Australian bank to finance smaller ships Analyst firm projects the tanker market will bottom out in first half of 2021 Hapag-Lloyd expects strong earnings growth in first quarter Wilhelmsen, Yara and Equinor in bid to develop the world's first carbon-free dry bulk ship Monjasa acquitted by Danish Supreme Court court in case about towering oil profit IMO wants to put piracy in the Gulf of Guinea on the international agenda Maersk Tankers' digital venture opens office in Greece Maersk aims to operate carbon neutral ship by 2023 Søren Skou sees many practical issues with upcoming carbon quotas from the EU Epic Gas reports profit ahead of merger with Lauritzen Kosan DSV executive: We should be pleased if the second half of 2021 returns to normal Red-hot container market consolidated Chinese ports' global dominance BW Offshore invests EUR 60 million in French offshore wind company Customers will pay higher price for Maersk's first carbon neutral ship Aker group books record value surge Maersk ship lost "several hundred containers" in the Pacific Golden Ocean to buy 18 bulk ships from Fredriksen companies "Record low" order book strengthens Star Bulk's optimism for dry bulk Dry bulk operators could face earnings boom in coming years Port of Los Angeles takes steps to battle port congestion Scorpio Tankers lost more than USD 76 million in the fourth quarter DHL will pay extra green bill for customers' LCL general cargo Dorian-CEO expects new spike in LPG rates after record start to 2021 Norwegian consortium to build Europe's first green, large-scale ammonia plant Golden Ocean CEO points to best start for dry bulk in years Dolls on deck is one of Teekay's measures to keep pirates away US steps up heat on container carriers to ease port congestion Maersk vessel lost 260 containers GP Global subsidiary seeks debt moratorium in Singapore Frontline looks into muted tanker market from the start of the year Top diplomat wants network of ships in the Gulf of Guinea to fight piracy Year-end rally secures Avance Gas large 2020 profit Maersk Drilling moves jobs from Norway to Poland to cut costs Habben Jansen now says container boom could continue into third quarter Impairments send BW Offshore into the red Tanker and bulk contribute to profit for Klaveness Combination Carriers Kuehne + Nagel buys Asian logistics company with 1,600 employees Crew can finally be repatriated after 43 months at sea Large damages in shipping make Skuld and other insurers increase premiums Lloyd's Register appoints new executive trio to grow maritime business Drilling company prepared to buy several rigs from Fredriksen's Seadrill Half-empty warehouses in the US could extend container market boom for rest of 2021 Higher oil prices strengthen investment perspective in scrubbers Competition raid on Norwegian shipping companies fails to produce result Maersk Tankers launches yet another new business leg Task force to ensure more women in Norway's maritime industry Svitzer's plans for remote controlled vessel enter next stage DFDS and Maersk will use carbon-free ammonia from new huge facility Transocean projects stronger contract activity later this year Maersk Tankers and Cargill establish joint bunker venture Energy coalition with CMA CGM eyes the first results from climate projects Hin Leong files winding-up application Aker to list new hydrogen venture Blystad-controlled Songa Container is ready to profit on strong container market Nordea did not issue a single new loan to offshore in 2020 Euronav and Hunter Group sell ships Security firm rebukes EU for sluggishness in fight against pirates in Gulf of Guinea MAN Energy Solutions ready with methanol engines for the first feeder ships Maersk's orderbook has become more regionally focused Creditors in distressed bunker company risk incurring major losses Norwegian shipping wants money from carbon levy returned to the sector Grimaldi orders six new multipurpose RoRo ships DFDS will operate green ammonia-powered ferries Maersk proposes new board member EU expects to hold first meeting in migrant contact group in March Wintershall Dea lost EUR 839 million in 2020 The port in Singapore joins ammonia fuel development project Hafnia and bunker supplier introduce mass flow meters and digital bunkering in ARA Keppel makes changes to its chairmanship Former Maersk profile joins IBIA board of directors Decade-high rates make MPC Container Ships project six-fold increase in earnings this year Dof exits 2020 with massive deficit – rates are too low to handle towering debt Pacific Basin reports significantly stronger start to the year than usual Strong tanker year sends Canada's Teekay in the black for 2020 Worried Odfjell Drilling more than triples its result for the year Hitecvision acquires British oil fields from Exxon Mobil Rainmaking will raise upwards of USD 30 million for maritime startups Eimskip saves millions of euros on employees after cutbacks Solstad CEO wants banks to take charge of consolidation Nigeria will deploy drones, planes and boats in fight against pirates in the Gulf of Guinea CEO of new gas major will focus on green ships and the bottom line for the coming years CMA CGM deploys six large LNG-powered container ships on USA-China Borr Drilling lost more than USD 300 million in the midst of restructuring Hunter Group is optimistic about tanker market after profitable 2020 Japanese financing firm to buy new LNG ships through billion-dollar fund Rodolphe Saadé promises better service – if the customers want to pay for it Banks prefer to invest in newbuilds despite uncertainty about future fuels Nordic American Tankers books full-year profit despite red fourth quarter Belships records deficit after several profitable years Seven oil companies want in on new licenses for the Norwegian shelf Torm books profit for 2020 despite red fourth quarter Israel blames Iran for alleged explosion on board ship in Gulf of Oman World Fuel Services' fuel sales declined in 2020 Danish Ship Finance's bottom line shrinks in tough pandemic year Gas major BW LPG eyes strained market in the second quarter Torm CEO sees no burning platform in the green transition Hurtigruten ended 2020 with large deficit despite large-scale aid schemes Overheated container market could last until next spring Havila books profit on the heels of approved rescue plan Maersk: "We're actually dismayed by the level of service we're forced to provide right now"One third of Lim family ships have new owners Awilco establishes new company and enters offshore wind Hempel to raise its coating prices globally V.Group's fourth CEO in three years: "The many changes may indeed have been a distraction" Akastor and Baker Hughes establish joint drilling venture Niels Smedegaard joins Molslinjen as board chair New swine fever mutations in China could impact dry bulk and reefer CMA CGM buys 50 percent of TTIA terminal in Algeciras Kuehne + Nagel reveals acquisition price of Apex International Sale and purchase volumes for container ships reach highest level in four years Seaspan buys two container ships on long-term charter contracts SAL Heavy Lift and Jumbo launch new joint venture in fleet operations Hempel continues acquisition hunt after challenging year Eneti will draw on US institutional capital to become a major player in offshore wind Hafnia raises wages to achieve its diversity target Container CEOs jointly attack US ports for having insufficient infrastructure Maersk appoints executive to work on future fuels Maersk Etienne case leads Italian police to investigate NGO Court in Singapore approves PIL's large-scale rescue plan Valaris gets rescue plan approved Norden expects significantly lower result in 2021 after record year Fredriksen's Seadrill books a deficit of almost USD 5 billion Frontline and Euronav chief execs: OPEC+ could kickstart tanker market Grindrod Shipping: Customers still not ready for CO2 tax Bottlenecks lead Kuehne + Nagel to focus on its key customers Norden pays the price of a "catastrophically bad tanker market" in 2021 February snowstorm in Texas hits tanker companies DFDS, Klaveness and Trafigura want EU to bet on ammonia and hydrogen Boskalis in setback despite advancing in offshore Oil rallies toward USD 65 with Saudi supply gamble reverberating Seaspan adds more container ships to its orderbook China's modest growth target signals policy shift from world Logistics chain bottlenecks trigger longer contracts for container carriers A few weeks ago the LPG market was basically a money printing machine OSM Maritime removes managerial level after CEO's exit Eagle Bulk executive sees best time charter rates in years US offshore carrier Tidewater sold more than 50 vessels in 2020 Port of Rotterdam awards bunker licenses to 27 companies Maersk Supply Service to deploy women in pairs: No one should be alone in a macho environment Eastern Pacific Shipping and MAN select ammonia and methanol as future fuel Hafnia expects more active vessels to strain product tanker in 2021 Key Saudi Arabian oil site attacked, sending Brent above USD 70 Industry players to post billions into Singapore's maritime sector New survey on overheated container market flunks carriers' service and prices Höegh family wants to delist gas carrier from stock exchange A phone call from Toyota turbocharged Corvus' green shipping project Seaspan continues shopping spree with order for six newbuilds Vestager to examine competition in red-hot container market DSV and DHL see container bottlenecks spread to Singapore DHL handles 2.9 million teu at sea in 2020 despite lower freight volumes Stena Bulk is working on a concept hybrid vessel Five percent of marine fuels should be green by 2030 Stena Line wants every third leader to be female from next year Maersk Product Tankers sees muted market on the heels of major profit Former Scorpio Bulkers lost more than USD 600 million in 2020 after exit from dry bulk Prosafe expects all floatels in operation in 2021 after "lost year"Major banks to align shipping loans with climate targets: "This is a marathon, not a sprint"OECD ups prognosis for global growth in 2021 Idan Ofer's Eastern Pacific Shipping plans to use natural gas to make its fleet green Container carriers step up lobbying effort EU awaits crucial information on South Korean shipyard merger Maersk and Keppel to explore ammonia in new study Cadeler lands biggest contract to date through agreement with Siemens Gamesa Trusted Fredriksen representative says new Seadrill rescue is "more brutal"Ship forced to wait 269 days finally unloads Australian coal in China Maersk mulls USD 1 billion sale of Maersk Container Industry Major shipping nations now support IMO's billion-dollar fund for green research Monjasa deploys another tanker to the Panama Canal Hafnia calls for more mergers – climate and digitization exclude small players Exmar secures approval for new ammonia-powered gas ship Nordea tightens demands on fossil energy investments UK industry sees port delays after Brexit Singapore court approves liquidation of Hin Leong DFDS saw volumes go up in February – passenger business remains strained Solstad CEO embarks on large-scale fleet clean-up Players test "vital shortcut to carbon-neutral shipping"Hafnia aims to reach IMO target two years ahead of schedule Habben Jansen wants carriers to up the orderbook Glencore makes changes to its top management BW Offshore pursues IPO after large wind acquisition Norwegian carriers start 2021 with record number of laid up vessels Sohmen-Pao becomes chairman of new large gas carrier BW Epic Kosan Shell charters ten new LNG-fueled supertankers Air and Ocean declined at NTG in tough pandemic year 15 crew members kidnapped from chemical tanker in Gulf of Guinea Covid leads Viking Life-Saving to lay off 300 employees Dorian has examined the possibility of vaccinating its own seafarers International shipping recommends tax on CO2 emissions Danish minister wants to launch a naval vessel to combat piracy in Gulf of Guinea Noble Corp books impairments totaling USD 4 billion – but orderbook goes up CMA CGM books billion-dollar profit in the fourth quarter Italy's d'Amico expects low fleet growth for tanker in coming years OSM Maritime opens office in Copenhagen Iranian investigator believes Israel attacked Iranian container ship Gas rates drop significantly on the heels of strong start to the year Maersk Supply Service adds former Vestas CEO to the board Analyst firm sees container market imbalance last for months Ceva Logistics misses its 2020 breakeven target US ports start to ease number of queued container ships Miserable tanker market turns VLCC rates negative: "Not sustainable"Dee4 Capital orders new tankers with JV-partners Russian Sovcomflot advances in 2020 despite plunge in fourth quarter Panama wants IMO to help crews stranded in China and Australia's coal conflict Only six tankers left the market in the first months of the year Ardmore to establish hydrogen venture with two partners Lauritzen Foundation injected capital into strained dry bulk carrier twice in 2020 Wilhelmsen and Østensjø to take wind venture public Three Asian bunker hubs report of increased bunker sales in 2020 Korean yard group to build LPG vessels worth in excess of USD 700 million Maersk company has halved staff, closed two factories and focused the business: "These were not easy decisions"Esvagt enters joint venture with Crowley aimed at US offshore wind market Denmark deploys naval vessel to Gulf of Guinea Shortage of new shipping containers adds to global trade turmoil Carbon-neutral shipping projects are on the rise in Asia Container carriers fare better through Covid-19 than previous crises Tradelens project now has Asian competitor with Hapag-Lloyd as shareholder NGO questions Maersk's carbon-neutral vessel Five Japanese lenders are now part of Poseidon Principles Solstad Offshore sells two ships Esvagt CEO expects steady flow of orders following US offshore joint venture 15 kidnapped crew members in Gulf of Guinea are "doing well"Hapag-Lloyd buys Dutch container line focused on Africa IMO is "concerned" about seafarers trapped in coal conflict between Australia and China Hapag-Lloyd expects to surpass last year's result in 2021 Norwegian shipping bank to increase lending in 2021 Shipowners call on EU to support Denmark in the fight against piracy Portchain secures contract with Maersk's Russian port company Emanuele Grimaldi has one clear favorite among alternative fuels China is the sole driver for iron ore exports in early 2021 Niledutch was Hapag-Lloyd's only possible acquisition target ONE and Hapag-Lloyd want to join Tradelens – and have wanted to for over a year and a half DP World felt Covid-19 in 2020 Celsius Shipping books million-dollar profit from vessel sales Bunker Holding company terminates contract with the Danish Defense before trial A strong fourth quarter was not enough to pull Navigator in the black for 2020 Awilco to list new offshore wind company Marine Capital drops LNG and bets on offshore wind Grimaldi sticks to scrubbers despite record low fuel prices in 2020 Danish frigate has the mandate to arrest pirates and seize weapons in Gulf of Guinea Better days for Norwegian offshore pull up rates on service ships Scrubber installations have doubled in one year Equinor has chartered 40 ships in efforts to lower carbon footprint World's largest oil firm saw collapsed earnings in 2020 Norden has instructed captains to fabricate fake logbooks Erria continues the work towards re-establishing its equity Qatar Petroleum puts contracts for huge LNG fleet out to tender Cargill CEO becomes chair of shipping players' new set of CO2 rules Robert Uggla takes large ownership stake in secretive A.P. Møller company Media: Wilhelmsen family was hiding wealth abroad Red-hot market prompts Maersk customers to sign perpetual contracts Big ships snag unusual cargoes as dry bulk market tightens Even the disposal of waste bags was detailed in instructions to conceal Norden's transports to Israel Moody's raises credit rating for Maersk Another accident hits Seadrill rig two weeks after orders to improve safety Norden significantly upgrades its 2021 guidance Zim exits 2020 with a profit of half a billion dollars S&P upgrades Hapag-Lloyd's credit rating Unifeeder's acquisition schedule delayed by Covid-19 Port company takes over Lim family's stake in oil terminal Klaveness CEO accuses IMO's new CO2 rules of punishing efficient carriers UK may include shipping in new emissions trading platform Maersk has "substantial" logistics acquisitions and decarbonization on its list of biggest risks Shareholder praises Maersk for quality boost – but criticizes chairman remuneration Suez Canal blocked by ultra-large container ship in both directions DHL to invest up to EUR 7 billion in climate target ahead to 2030 Snabe on Maersk Container Industry: Time will tell whether we are the right owners Nordic Shipholding's equity is negative – hopes for merger Recent months show an "order wave" for ultra-large box ships Borr Drilling secures new contracts MAN to supply engines for new supertankers Equinor breaks record after consecutive oil finds Hafnia secures sustainable loan of over USD 300 million Grounded container ship causes delays for liner majors in Suez Canal Danish Maritime Authority to investigate Norden's fake logbooks Nordic Shipholding expects new deficit if merger fails to materialize Two dredgers sent to refloat grounded container ship in Suez Canal Owner of grounded container ship in Suez Canal risks million dollar claims Blue Water exceeds record result but expects lower profit in 2021 Jefferies predicts Maersk could earn as much as USD 15 billion this year Hamburger Hafen & Logistik expects growth in volumes in 2021 Maersk considers air routes to circumvent blocked Suez Canal Wilhelmsen allocates USD 500 million to new business investments Floatel lands debt restructuring and secures new credits Maersk Supply Service fined USD 24,000 in protracted shipwreck case Drilling industry sees first signs of desired consolidation Norden's chairman calls Israel-instructions "inappropriate"2021 may set a record for trade in used dry bulk vessels Container ships reroute south of Africa to circumvent Suez Canal J. Lauritzen significantly reduced its deficit in 2020 after divestment and capital injection Maersk Supply fined for dramatic shipwreck: "We should have chosen a different approach"OOCL earns close to USD 1 billion in record year Authorities bank on tide to help refloat grounded ship in Suez Canal Ineos divests Norwegian oil business Suez blockage sends oil prices and tanker rates soaring A.P. Møller Holding expects even bigger profit in 2021 MSC calls Suez blockage "one of the biggest disruptions to global trade in recent years"Suez Canal Auhority considers launching "Plan C"Media: Ever Given is partially or entirely freed Suez Canal Authority confirms that Ever Given has been partially refloated Lauritzen Bulkers gains customers from pressured container market Suez Canal Authority says Ever Given has been refloated Maersk estimates Suez clean-up will take at least six days Paolo d'Amico highlights two crucial factors for the product tanker market USTC Group buys another company Eagle Bulk sets sights on more ships following multiple acquisitions Digital shipping exchange grew big-time in 2020 Queues in Suez may have repercussions on container market for up to three months Complicated claims in the wake of the Suez blockage Hamburg politician and pilots call for local safety measures after Suez incident DFDS to face new competitor on English Channel routes Depreciations in Lauritzen Foundation lead to major loss in 2020 Maersk appoints chief technology officer as new member of Executive Board Ultrabulk books deficit despite expectations of profit in 2020 Celsius Shipping confirms purchase of two MR newbuilds Biden administration to multiply offshore wind capacity by 2030 Navigare Logistics and Mosvold to build carrier with zero-carbon fleet Maersk says capacity could drop up to 30 percent in coming weeks Shippers say the EU disregards container carriers' poor service Suez crisis prompts Maersk to temporarily shut down short-term contracts Diamond S Shipping could be on track for sale to International Seaways Seaspan buys six container newbuilds Hin Leong founder set to face another 23 charges of forgery Ørsted to build one of the world's largest hydrogen plants The Höegh family buys all stocks in Höegh LNG and delists the company Blue Water Shipping plans to replace Kazakh cash cow with multiple revenue streams PIL has completed large-scale restructuring Strong container market leads ONE owner to raise forecast Federal Maritime Commission appoints new Chairman DSV after Suez blockage: "We’re facing a very unpredictable freight market"Merger of International Seaways and Diamond S creates huge tanker company ShippingWatch closed for Easter Maersk warns customers of Suez effect in other parts of the network Seadrill plans to shave large chunk off debt in restructuring Wedell-Wedellsborg and Sohmen-Pao invest in new dry bulk platform Seaspan expands fleet with two new container vessels Sohmen-Pao set to become new chairman of wind carrier Cadeler Hempel acquires Australian coatings manufacturer Rising production from oil countries could increase pressured VLCC rates Oldendorff's fleet climbs to 750 vessels after new purchases IMF boosts global growth forecast, warns of diverging rebound Seaspan Corporation projects strong market ahead of 2024 Red-hot container market pushes multipurpose rates to pre-Covid levels Former APL Chief Exec Lars Kastrup becomes new co-president of PIL Container majors agree on standardized digital tracking More than half of vessels in the global fleet contain asbestos The nine largest container carriers tripled earnings in 2020 Lightship Chartering enters offshore with new business leg Commodity shipping rates are surging and the rally is not over Platform backed by Maersk, MAN and Norden aims to increase supply of green fuel Salvage specialists are trying to save listing multipurpose ship off Norway Authorities in Suez Canal discuss compensation with Ever Given's owner Maersk Training books massive loss in the year of Covid-19 Salvage crew regains control of listing ship in the Norwegian Sea MAN to develop ammonia-powered engine through new project DSV is 800,000 containers short of what it expected from Panalpina acquisition Everfuel signs MoU to supply hydrogen for zero-emission shipping Weak product tanker market pressures rates at Stolt Tankers Stena Bulk aims for climate neutrality by 2050 Golden Ocean and Odfjell work towards new CO2 rules, without knowing what they entail Maersk Drilling's share price doubled in 2021: "We've surpassed our competitors"Maersk opens for short-term bookings again after Suez blockage Digitization softened the top line blow at DNV CMA CGM launches first bio-fueled service Coal dispute between China and Australia alters trade patterns in dry bulk Hapag-Lloyd CEO expects container market congestion to last until third quarter Sohmen-Pao will soon chair three Danish shipping companies 36 carriers reported to the police by Denmark's EPA for emitting too much sulfur DFDS perceives CO2 quotas as a new currency that can be traded Few newbuild orders and ship sales benefit European shortsea market Scan Global buys Spanish logistics company Camilla is what the shipping world wants to attract more of DHL headed towards best first quarter ever Container congestion has at best stabilized at a "high plateau"DNV foresees upcoming "wave" of newbuilds in shipping Navigare Capital Partners is looking for new investors for shipping fund CMA CGM proposes plan to rebuild Beirut's port within three years Oldendorff ship attempted robbed in Singapore Strait Euronav secures new sustainability-linked loan MPC Container Ships raises expectations for 2021 Lloyd's Register says IMO's new CO2 calculator penalizes efficiency Unexpected alliance between shipowners and NGO wants expanded EU CO2 quota system Fredriksen ups his stake in Avance Gas after private placement BW-dominated Navigator Gas takes over Ultragas in multimillion-dollar trade Former Hamburg Süd CEO takes over as chief executive of the Offen Group Eimskip books operational profit in the first quarter Lauritzen Bulkers: Operators and the climate are in a tight spot Monjasa lifts bunker sales to record levels in 2020 Turkey proposes ban against the use of open-loop scrubbers Language changes in job postings to attract more women at Odfjell Egypt to seize Suez ship Ever Given pending USD 900 million compensation Greek alliance with environmental NGO on carbon quotas attracts attention Danish Maritime Authority turns case about Norden's false logbooks over to the police Maersk's position as world's largest is coming to an end The IMO to expand council by 12 additional member states Ever Given's shipmanager hopes to avoid negative fallout from Suez accident Panama Canal raises booking fees Hitecvision-owned venture to bet on offshore wind Hapag-Lloyd places major order for new containers IEA upgrades outlook for global oil consumption Supercharged container market rubs off on Pacific Basin's bulk rates – at decade-high Evergreen affirms authority's million-dollar claim and calls it "unsubstantiated" Ship management firm predicts growing political pressure to achieve climate goals before 2050 Almost half of all pirate attacks take place in Gulf of Guinea Panama Canal postpones price increases after letter of concern Investor Blue Ocean Capital expects further consolidation in European ports Seadrill enters settlement with subsidiary after dispute Wärtsilä thinks hydrogen will only play a "niche role" in shipping Maersk Tankers divests six product tankers 15 kidnapped seafarers from De Poli chemical tanker in Gulf of Guinea are now released DNB sees investors take an increased interest in shipping Hapag-Lloyd warns customers that bookings could get canceled Oldendorff thinks IMO's carbon calculator is cause for a great deal of confusion Trafigura invests in development of MAN's ammonia engine Svitzer moves regional headquarter to Panama Wallenius-owned company launches first of three battery-powered vessels DP World demands damages in port dispute Monjasa wants to climb the list of the world's biggest bunker companies Berenberg eyes "huge gap" in German ship financing Crisis-stricken Prosafe to pay USD 55 million to shipyard after lost lawsuit Engineer sentenced to prison for cocaine find on MSC ship Asia sees drop in pirate attacks in first months of the year Shipping majors bet on different paths in decarbonizing shipping World Bank rejects LNG as usable fuel to reach climate goal by 2050 Norway demands compensation after salvage of Dutch ship Suez blockage repercussions will last until June in Europe Seaspan secures USD 300 million through sustainability-linked bonds Bulk company Falcon sues World Fuel Services over off-spec bunker delivery Analyst firm sees historically strong year ahead for dry bulk Maersk, MAN and Total partner up to make the use of ammonia safer Yara and BAR Technologies to install sails aboard Cargill vessel "Methane slip has become an overused argument for those wishing to justify inaction"Hapag-Lloyd and Port of Rotterdam defend LNG as a fuel for shipping Scorpio Tankers wins last year's race on operating margins – 2021 looks tough Oakland tops LA area as waves of ships inundate world's ports Maersk Supply Service finds new chief commercial officer Maersk Drilling, DFDS and Hafnia join project to test fuel cells on methanol Hafnia and BW LPG invest in digital company Three French ports merge into new giant – sets aside USD billions for investments DHL hones in on its customer portfolio in cleanup during Covid Record number of dry bulk ships traded in March Singapore plans center for decarbonization Sohmen-Pao calls transition to CO2-free fuels "a minefield to navigate"Maersk Drilling enters Brazil with new rig agreement Maersk sees Suez-related bottlenecks continue into third quarter US wants to cut shipping's CO2 emissions to zero by 2050 Shipping organizations want world leaders to discuss CO2 tax Credit ratings have seen a rise at several container majors in 2021 EU significantly raises 2030 target for CO2 emissions EU to define whether shipping can be called sustainable BW Group, ONE and Sembcorp invest in new decarbonization center in Singapore OW Bunker compensation claim suffers another blow Equinor reports fewer accidents and personal injuries US stance on CO2 could radically change the IMO's climate agenda German shipowners say a technological revolution is needed to reach new 2050 goal Avance Gas orders two more newbuilds with dual fuel engines Greek shipowners have gained prominence among Hamburg's shipping banks Bottlenecks push record number of containers through Long Beach and LA Euronav says the IMO 2030 target is crucial for climate effort Wärtsilä earns less in the first quarter and sees orderbook shrink Shipping leaders agree that collaboration on CO2-reduction trumps competition MAN sees four potential climate tracks for shipping Port major DP World got off to a better-than-expected volume start to the year Shell challenges World Bank in dispute over future shipping fuel DFDS raises its 2021 outlook Danish minister regrets carriers' and Maersk's need to scrap vessels outside EU Delayed container vessels are first on the agenda in DHL's talks with carriers Singapore yard pulls down Keppel's result in the first quarter Semco Maritime trims business and ups operating result in tough pandemic year Torben Carlsen believes in a better 2021 – but passenger numbers still weigh on DFDS Chinese import "on steroids" results in Baltic Dry Index record CMA CGM sticks with LNG despite World Bank's criticism of the fuel Italian d'Amico's Dry Cargo business gets new CEO World bank calls LNG a dead end as fuel for shipping Hong Kong's OOCL doubles its revenue in the first quarter Kuehne + Nagel CEO sees "tense market" continue for the rest of 2021 Schlumberger fares better than expected Supertankers will not see upturn until fourth quarter Bimco and ICS disagree on impact of IMO's new climate regulation Maersk, ONE and MSC are losing market shares to other top-ten container carriers "Expectations for DSV have not diminished after Kuehne + Nagel's quarterly result"Los Angeles ports are slowly chipping away at their ship backlog Equinor is on the lookout for seven new energy-efficient tankers MPC executive says "boiling hot" container market will last for at least another two years Maersk upgrades full-year guidance by several billion dollars DSV Panalpina acquires Global Integrated Logistics business from Agility DSV Panalpina announces billion-dollar acquisition and upgrades 2021 outlook Kuehne + Nagel CEO outlines chaotic and constrained 2021 market Diamond Offshore leaves bankruptcy protection and replaces CEO Seadrill secures drilling contract with Equinor in Brazil Japanese shipyards join forces to up climate ambitions Empty inventories could extend container upturn even further BP lures investors with share buybacks after trading windfall DSV Panalpina has a detailed plan at the ready for integrating new billion-dollar acquisition Maersk Broker makes lowest profit in three years Carsten Mortensen's Dee4 Capital reports black figures in first full fiscal year Four in ten container vessels arrived on time in March XO Shipping plans to expand staff after new record profit Maersk's cargo airline appoints new CEO 2020 Bulkers books significantly higher profit in the first quarter DSV chief executive on the quality of service in the container industry: "Worse than ever"Concordia Maritime negotiates with banks and owner after new major loss Maersk Decom to secure more customers using new calculator Synergy Group CEO expects Covid-19 to stick around for several years Hapag-Lloyd hopes for a more stable market in third quarter NGO considers EU's 2030 target unrealistic for shipping Drilling company Valaris takes huge impairment in first quarter Equinor improves markedly and books best quarterly result since 2014 Alfa Laval sees improvement despite weak first quarter Belships is optimistic despite red numbers in 2020 John Fredriksen companies are working on a new biofuel Subsea 7 expects more work in coming months A global CO2 tax on shipping could be years into the future ShippingWatch closed on April 30 Norvic Shipping sees Indian lockdown as a source of uncertainty despite strong dry bulk market Oil giants in tough balancing act despite promising upturn Cadeler raises capital for fleet expansion CMA CGM orders 22 new container ships at Chinese shipyards ONE expects 2021 to be characterized by major uncertainty Seadrill hemorrhages money during restructuring "I haven't seen such a bad first quarter since the early 80s"World Fuel Services' fuel sales more than halved in the first quarter Strong container market leads Cosco to believe in "marked growth" this year Singapore bars ship crew changes from more South Asian nations Jefferies expects multimillion-dollar synergies from DSV acquisition DNB is in its fifth year of working to restructure strained drilling and supply companies Australia finds numerous violations among ships with ballast water systems Seaspan delivers record fleet expansion Tor Olav Trøim divests a considerable share of 2020 Bulkers Five years after taking over Søren Skou has only partially delivered on what he promised Rio Tinto set to charter up to six LNG dry bulk vessels from Eastern Pacific Dan-Bunkering appoints new CEO The container market upturn could last until 2024 Aker Offshore Wind continues to lose money Industry alliance rejects that wash water from scrubbers pollutes the ocean EU forced to postpone proposal on CO2 quotas for shipping Port of Rotterdam and steel giants to lead the way for green hydrogen as a replacement for coal Valaris completes large-scale restructuring DHT Holdings sees weak tanker market continue into the second quarter Maersk books record result for the first quarter of 2021 Ever Given ordered to remain in the Suez Canal Maersk records growth in logistics and terminal activities in the first quarter DHL bags its best quarterly result to date Resurrected Noble Corporation debuts with quarterly deficit Søren Skou believes in a significant improvement in reliability this year Wintershall terminates contract with Seadrill's accident-plagued rig EU proposes new regulation to stem Chinese state aid Stock value of major container carriers has gone up 400 percent Norden upgrades outlook again despite first quarter deficit Euronav loses USD 71 million in the first quarter Weak chemical tanker market sends Odfjell further in the red Prosafe considers appealing hotel rig verdict to Norway's Supreme Court Ardmore starts 2021 in deficit – but takes positive market outlook Bjørn Højgaard expects a worsened crew-change crisis in 2021 P&O Maritime Logistics faces a crucial decision in its transformation Trøim invests in LNG-powered dry bulk newbuilds Norden is "taking market shares" to profit off the dry bulk upturn Celsius Shipping is headed for a full exit from dry bulk It took the Suez Canal ten days to return to normal after Ever Given Genco plans to buy more vessels during dry bulk boom Eagle Bulk sees sustained momentum for dry bulk in second quarter Tidewater divests more vessels in major fleet clean-up How would Søren Skou feel about being CEO of the world’s second-largest container line?Skuld books profit with help from investments Shipping companies order LNG-fueled vessels ships like never before Oil companies' upturn expected to spread slowly to drilling Renowned analyst sees two players ready for growth despite declining bunker market Scorpio Tankers reports major deficit and faces mounting uncertainties in 2021 Maersk Container Industry expands order backlog in the first quarter Egypt offers to cut compensation claim for blocking of canal Container market boom continues to surge in US consumer demand CMA CGM sees biomethane as the next step for much criticized LNG Alfa Laval buys StormGeo following bidding war Unfitness case against Thor Stadil and Thorco executive set to begin Dry bulk in significant progress but China's climate targets could change demand Upturn surprises Ultrabulk: "We did not expect the quarter to be this strong"New UN guidelines aim to protect human rights for seafarers Borealis Maritime earns 300 percent on sale of older container vessel Diamond Offshore names new CEO and chairman Weak tanker market results in major loss for Diamond S Maersk sets a target for return on invested capital ahead of 2025 DFDS' freight volumes advanced by 50 percent in April Ikea denounces LNG as the fuel to decarbonize shipping Insurer says claim against Ever Given remains "exceptionally large"MSC charters 11 LNG-fueled container ships Golden Ocean: "We have placed our bets well" DFDS' logistics acquisition is being scrutinized by EU's Competition Commissioner Carriers battle for free quotas before EU presents its CO2 proposal Maersk is "convinced" that its logistics business is a growth engine Suez Canal to be expanded following blockage chaos Danaos Corporation sees highest rates in ten years Hapag-Lloyd sees significant improvement in the first quarter Product tanker scrapping has already reached levels of 2019 and 2020 German terminal operator expects steady progress in 2021 High freight rates in the North Atlantic after weak growth Torm builds a historically large product tanker fleet despite a weak market BW Epic Kosan books a profit for the first quarter marked by merger ShippingWatch is closed Thursday, May 13 Klaveness Group divest ships and halves container fleet Prosafe appeals hotel rig verdict to Norway's Supreme Court Wilhelmsen CEO sees pandemic strain services business in the first half year DFDS does not think three carriers can be profitable on the Channel Golar LNG finds new CEO internally Crews from Torm and Anglo-Eastern ships to be vaccinated under new US program Canada's Teekay profits from growing LNG demand Maersk ready to accelerate its growth in logistics HMM delivers best ever operating profit in the first quarter OSM Maritime postpones crew changes for Indian seafarers The value of Blystad's container fleet skyrockets Seadrill secures multimillion-dollar contract in Africa Navig8 Chemical deepens deficit and cancels contracts with owner Maersk considers participating in US vaccination program for seafarers Maersk Broker sees container and dry bulk upturn kick-start vessel sales Semco to handle recommissioning of the Tyra field Danish regulator investigates Maersk ships headed for Alang Banks' scrapping initiative extends to drilling rigs ONE vessel caught fire off the US West Coast Agility had its eyes set on both Uti and Panalpina before billion-dollar sale to DSV Major shipping players join forces to combat piracy in Gulf of Guinea Maersk advocates for a "significant" CO2 tax BW LPG's profit shrinks in the first quarter Higher freight rates boost logistics operator NTG's results IMO is trying to introduce CO2 rules that virtually everyone in shipping disagree with US goods inventories at record low despite booming inbound container transport NGO criticizes carrier alliance for "unethical" communication on ship emissions Brent crude tops USD 70 with bullish demand outlook EU to coordinate dialog between maritime players in service of the climate Shipping majors want the IMO to raise its 2050 ambition Eneti still owns 12 dry bulk vessles and orders a WTIV ship worth USD 330 million IEA calls for an end to new oil extraction from 2021 in climate plan Evergas and Ultragas join forces to transport CO2 Frontline buys six supertanker newbuilds Sluggish oil market activity hit Esvagt hard in 2020 Euronav: Long-term emission plans need to be feasible Several shareholders vote against reelecting Sohmen-Pao as chair of BW LPG Maersk Drilling upgrades full-year outlook Dorian LPG's revenue drops in strained gas market IEA says shipping will not be climate neutral by 2050 EQT eyes potential Nordic ferry merger after major Danish and Norwegian acquisitions Only a few pirate groups are behind the many Gulf of Guinea kidnappings Zim ups its full-year expectations after doubling revenue Maersk Drilling sees largest quarterly orderbook growth since 2017 High demand sends earnings soaring at Star Bulk MPC Container Ships expects the strong container market to last up to three years Golden Ocean sees best quarterly result ever South Korean DSME hit by fewer orders in first quarter OECD and the Netherlands warn against LNG as a transitional fuel to reach climate goals Is Maersk Drilling losing its upper hand in the drilling industry?DSV Panalpina rumored to show interest in buying DB Schenker Germany subsidizes Essberger Tankers' acquisition of eight LNG-powered tankers New partnership eyes a perfect storm in heavy lift Maersk joins US vaccination program for seafarers Stranded Australian coal cargo arrives in China after 356 days at sea DB Schenker is a "once in a lifetime" opportunity – but the timing is off for DSV ShippingWatch is closed Monday, May 24 Trillion-dollar oil investments threatened by green transition European countries are open to quotas as well as a CO2 tax Scan Global eyes new acquisitions in the US and UK as part of growth plan Monjasa refrains from setting a target for more women: "We're in a reasonable place"KPI Oceanconnect has a "clear appetite" for more acquisitions Confidential report deems Maersk's port contract in Ghana harmful Collapsed Singapore oil trader founder appeals USD 20 million order Suez Canal Authority will free Ever Given for a deposit Celsius Shipping plans to buy more tankers in a 2021 characterized by low prices Agility shareholders approve billion-dollar sale to DSV Panalpina Subsea 7 bags major contract with Petrobras of up to USD 700 million Esvagt nears ownership change and US breakthrough Hafnia expects gradual improvement after loss in the first quarter Explosion worsens fire aboard newly built container ship DFDS enters partnership with English Channel competitor Yards face busyness with thousands of upcoming environmental retrofits Navigare Capital acquires VLCC tanker for nearly USD 70 million Container liners think IMO's new CO2 rules disproportionately affect reefer transport Solstad reduces deficit and is cautiously optimistic about 2021 Equinor behind new large-scale North Sea offshore wind project Hafnia pushes pessimism aside and hopes for more mergers in product tanker Strong dry bulk market materializes in quarterly result for Belships Dof remains dependent on forbearance from creditors Nordic Shipholding still believes in a merger New owners have taken over world container fleet in a turbulent decade for the industry Norwegian players want share of booming wind market Dutch court orders Shell to significantly reduce CO2 emissions Seadrill appoints new members to management Frontline books profit despite more than halving the top line Suez Canal Authority reports death during the refloating of Ever Given Covid-19 cases will affect Gard's business well into 2021 Vitol expands with new bunkering service for shipping Irish Ferries remains silent about cooperation between DFDS and P&O Ferries Shipping companies risk court battle on CO2 emissions following Shell ruling Aker Offshore Wind appoints former wind boss as CEO Wärtsilä develops autonomous ship to reduce bottlenecks Maersk Drilling divests more rigs SCA chair claims blames Ever Given's grounding on high speed Jacob Meldgaard after Shell ruling: Oil companies have had "a sheltered existence"Siem Offshore expects increasing demand through the rest of 2021 BW LPG and Klaveness call on Poseidon Principles to raise its ambitions Shipping analyst highlights positive signs despite major delays in container industry Shipyards in Asia see record growth in orderbook for new container vessels Seadrill sells five rigs for scrapping Søren Skou puts pressure on IMO to adopt a CO2 tax Avance Gas off to a good start with high rates in 2021 Maersk vessel refloated after grounding in Suez Canal Egyptian court delays hearing in Suez compensation case Seadrill chairman steps down amid restructuring Borr Drilling lost USD 58 million in the first quarter P&O Ferries struggles to raise capital for future operation Harsh criticism of the run-up to IMO's crucial climate summit Covid-19 outbreak in Chinese container port causes more delays Maersk expresses frustration at IMO's new CO2 target proposal for 2026 Wedellsborg launches new tanker venture with former Stena executive at the helm New head of air & ocean set to catapult NTG to new heights Depreciations send Weco Shipping into the red for 2020 Swire Shipping supports carbon levy in shipping Strong dry bulk market makes Norden raise its guidance again Climate activist buys into large companies to intensify CO2 plans Golden Ocean points to the biggest area for lowering fuel consumption Sri Lanka to sue owners after fire on X-Press Pearl Growing number of seafarers stranded aboard vessels beyond contract expiration Stena Bulk adds two tanker newbuilds to fleet Hard-pressed Dof secures extended deferral of major debt Customers predict container market normalization in 2022 at the earliest New powerful climate alliance promises "at least" 200 zero-emission vessels by 2030 New study supports great potential for ammonia-powered ships Pension companies endorsed Shell's climate plan before rejection by Dutch court Subsea 7 bags major contract with Equinor in Brazil Improved oil demand pushes prices to highest level since October 2018 Taiwanese container carriers see major progress in the first quarter NGO proposes significant global carbon levy on bunker fuel to reach climate goals CMA CGM chairman Rodolphe Saadé is sticking to his LNG-guns Søren Skou proposes USD 150 levy per ton carbon emissions from vessels Two extraordinary cases kept Navig8 Chemical's CEO occupied in 2020 Norway supports controversial CO2 calculator that may penalize green companies Shippers fear container capacity shortage will stunt growth Shortage of naval officers on track to record levels Only slightly more than half of OSVs are currently employed Tanker rates still weighed down by the pandemic and low demand Søren Skou's carbon levy proposal met with reservations in shipping industry Maersk expects further delays after Covid-19 outbreak in major Chinese port Michelin to sell inflatable wing sails for ships Eagle Bulk continues fleet expansion with new vessel purchases Monjasa's owner books new major profit in private company Insurer responds to allegations against Ever Given and master Prosafe agrees to a rescue plan with lenders Exxon activist expands boardroom presence with third seat Sri Lanka braces for marine pollution as remains of X-press Pearl sinks off Colombo Danish Shipping designates ballast water requirements as "the convention from hell"Maersk to expand its cargo airline and aims for more aircraft MSC and Nordic shipowners endorse carbon levy but do not set price Celsius Shipping almost done with exit from dry bulk Major shareholder Blackrock defends Shell following court battle on climate CMA CGM Group reports quarterly profit of just above USD 2 billion New global corporate tax collides with shipping industry's tonnage tax Ceva Logistics sees improved operating performance in overheated container market US shopping spree behind global container boom Semco Maritime opens new office in Poland Shipping lawyers expect more climate court battles after Shell ruling Euronav sells oldest tanker vessel and earns USD 9.3 million Container market risks chaos into 2022 following Covid-19 outbreak in China Trafigura and Yara join forces to develop ammonia-powered fuel Transocean defers payment of USD 400 million and postpones delivery of two drillships Norway's opposition to CO2 research fund meets disappointment from shipowners World Bank stands firm on warning against LNG in shipping The IMO pledges to assist in containing pollution from burnt-out container ship in Sri Lanka The number of vessels being diverted away from Chinese ports is climbing rapidly Environmental regulator shuts case on former Maersk vessels scrapped in Alang More than 300 organizations sign declaration against piracy in Gulf of Guinea Spain now supports the Hong Kong Convention G2 Ocean kicks off major expansion of Singapore office Shipping banks to reassess green ambitions after next climate summit Cosco looks to buy shares in container terminal in Port of Hamburg Gearbulk announces renegotiated agreements with Japanese shipowners The World Bank raises growth forecast for world economy Bunker Holding company sees lower profit despite increased volumes Christiania Shipping opens the way for participation in mergers Rolf Habben Jansen wants CO2 tax reinvested in sustainable fuels Wrist's top line took a tumble in 2020 Crew change challenge peaks with dead captain stuck on board ship for months Container rates skyrocket following Covid-19 outbreak in South China DSV Executive VP compares Chinese bottlenecks to Suez blockage World's first large retrofitted LNG-powered vessel arrives in Hamburg DSV Panalpina predicts "new normal" for container market by next spring Japanese collaboration to design detachable sails for large vessels Shell CEO promises stronger climate efforts but still appeals court ruling Western terminal in major Chinese port reopens following Covid-19 outbreak Maersk narrows bidders for USD 1 billion refrigerated container unit Five container lines exceeded all of 2020 in first quarter of 2021 Wrist plans to buy its way to large-scale growth in revenue by 2024 Ship carrying dead captain will arrive in Italy next week Shipping bank warns: Chinese ship financing poses risk to European shipping Gard appeals ruling in compensation case against tanker carrier Tufton adds chemical tankers to Stolt Tankers' fleet Trafigura books billion-dollar profit in first half of 2021 Thor Stadil to bank on chartering vessels after major losses Burnt debris has spread 150 km from X-Press Pearl off Sri Lanka Bottlenecks from Yantian make ONE put surcharge on reefer containers The next four days will define how shipping delivers on decarbonization by 2030 Risk analysis ordered by manufacturers finds pollution level from scrubbers "acceptable"Hapag-Lloyd looks to address industry's "worst operational crisis in many years"Sea Europe appoints new chair Odfjell predicts upturn and strong growth for chemical tanker market in second half of 2021 Total Energies to explore ammonia as a fuel for shipping DSV Panalpina raises expectations for the full year Bottleneck in Yantian port continues to grow despite partial reopening Shipping investor Tor Olav Trøim sets up new dry bulk company Hafnia partner puts development of controversial methanol factory on hold Robert Uggla sees major upturn in personal venture APM Terminals appoints new head of Asia region Norwegian government proposes policy to maintain fossil fuel extraction Bunker Holding and Wärtsilä to explore island in the Baltics for a "green gas station"Sri Lanka demands UDS 40 million from X-Press Feeders with more claims to come Aker group's wind company joins forces with BP and Statkraft in Norwegian offshore wind Soaring freight rates are starting to inflict real pain on small shippers Costamare enters dry bulk with acquisition of vessels DFDS sets up shore power facility for ferries Equinor announces new intermediate targets on the path towards climate neutrality Busiest season for container lines approaches – but ships are already overflowing Irish Ferries announces start date on Dover-Calais route Ziton must raise new capital following breach of loan requirements US and EU lament the IMO's carbon plan but settle for low ambitions Bunker company Peninsula secures two-year credit of USD 350 million Belships seals deal to purchase Japanese-built Ultramax bulk vessel Esvagt receives an additional DKK 200 million for US wind venture Currency losses and tax bill send Clipper Group in the red Norden to gather USD 100 million in bond issuance Brussels leans towards limited scope for the inclusion of shipping in ETS Climate scientist calls on Poseidon Principles to embrace far higher ambitions Yantian hurts reliability more than Suez despite rising activity Dan-Bunkering boosts earnings before tax by 28 percent Transocean secures work for two rigs in Norway "Two major problems undermine the IMO's role as regulator of the shipping industry"Chinese coal shortage endures and boosts earnings in dry bulk market DSV Panalpina reduces scope of exclusive transportation deal with Vestas Analyst firm: Shipping industry paid only 7 percent in taxes for 15 years US consumption causes busiest period to date for ports in LA and Long Beach Ardmore joint venture to promote hydrogen despite skepticism in the industry SDK Freja targets specific acquisitions following "best ever performance"Nuclear startup hires profile from Maersk Drilling Maersk's digital venture Tradelens has embarked on Chinese roll-out EU Commission rejects action against overheated container market Denmark and Norway are top performers on international port state control list Hafnia partner drops environmental appeal and cancels lease for large methanol project New electronic payment system will make banking easier for seafarers Shell jumps aboard Norwegian offshore wind tender Tradelens hopeful that major Maersk rivals will soon be integrated Argentine port workers strike for access to Covid-19 vaccines Ulstein Group reports stronger operating profit for 2020 MEPC proceeded as expected – and herein lies the problem for shipping Political majority allocates funds to hydrogen project Norwegian investor buys shares in rig company Transocean Maersk believes the IMO suffers from a "fundamental divide"Klaus-Michael Kühne expects normalized freight market in second half of 2021 Shipowners and NGOs blast IMO's "hopelessly weak" climate result Ever Given owner makes counter-offer in Suez Canal dispute Royal Arctic Line fears large extra bill following Arctic fuel ban Eimskip admits to "collusive behaviour" with Samskip in longstanding competition case Customers can expect new rate increases on the Pacific in coming weeks Hamburg Süd vessel collides with quay in Brazil ONE owner upgrades full-year forecast by 120 percent Bottleneck forces Hapag-Lloyd to skip Port of Rotterdam German shipping is finally out of the woods CMA CGM launches five-point strategy towards transforming the company Several countries to dispatch warships in fight against pirates in the Gulf of Guinea KPI Oceanconnect increased market share in 2020, though earnings went down Maersk Supply Service secures biggest project contract so far Cadeler readies fleet to lift larger wind turbines Shipping banks feel the pressure to live up to green targets Portchain to find fresh capital and double in size this year Container chiefs' exclusive Box Club now closed down Hapag-Lloyd places order for six new megaships Søren Toft warns that the EU's CO2 plan will lead to greater emissions CMA CGM's owner family sticks to target of expansion Norwegian Shipowners' Association accuses IMO of lacking leadership Unifeeder wastes a fourth of its capacity on waiting at congested terminals MPC Container Ships acquires Arne Blystad's Songa Container Oil climbs above USD 73 with report pointing to falling stockpiles Global demand for marine fuel declined in first quarter of 2021 Partly Maersk-owned Höegh Autoliners considers a potential listing MPC Container Ships open to more acquisitions It will take months to clear stacked containers in Yantian Sterling Shipping CEO on new dry bulk venture: "We're a small fry"Insurer announces agreement on Ever Given after long-term dispute Collusion case involving Eimskip and Samskip is "without precedent" NGO conditionally accepts green ammonia as the future fuel for shipping Norway awards oil licenses to seven companies Seaspan orders two new container vessels Søren Toft highlights weak infrastructure as biggest challenge for container market NGO: EU proposal for Green Deal locks in fossil marine fuels Norwegian bank predicts consolidation wave in drilling over the next year Aker considers expanding factory to supply shipping with green ammonia South Africa could become leading hub for developing zero carbon fuels Star Bulk restructures debt and saves interest costs ONE and Hapag-Lloyd commit to Tradelens Keppel and Sembcorp Marine begin negotiations on shipyard merger Prosecutor files additional 105 charges against Hin Leong founder Seaspan to charter 17 container vessels to Cosco Stadil-owned Thornico group sued after trouble in bankruptcy estate Offshore carriers move away from traditional markets to focus on offshore wind Evergreen expects release of Ever Given to take time Hamburg Süd removes cargo from damaged container vessel in Brazil Nigeria to remain on insurers' riskiest waters list despite plea Every single vessel must prepare annual carbon report for the EU Green EU politician is optimistic about climate policy for shipping Trade union reprimands shipping industry for lack of seafarer rights Cyprus to vaccinate 40,000 seafarers Blue Ocean Capital hires APM Terminals profile for top position Quarrel between pilots may explain Ever Given's grounding Six days in Suez: The inside story of the ship that broke global trade Bunker decline shaves off a third of profit at Selfinvest Pioneer Marine announces dissolution and fleet sale USTC-owned Uni-Tankers goes into the red again Bunker surcharge generates major earnings for container carriers amidst record year Supplier to provide LNG pumps for 22 container vessels Green Hydrogen Systems' CFO announces resignation 545 container vessels more than two weeks delayed in 2021 CMA CGM skips large French port following "heavy congestion"Seaspan places another large order and now has 45 newbuilds on the way HMM places billion-dollar order for 12 new container vessels Norden upgrades forecast again Frontline adds more supertankers to fleet Lloyd's Register sells business to increase focus on maritime industry Engine manufacturer benefits from order wave in container segment Alfa Laval and Wallenius team up to supply wind propulsion systems Retail group enters agreement for CO2 neutral freight with Maersk Esben Poulsson to step down as ICS chair in 2022 – Grimaldi set to succeed him Belships signs new contracts at higher rates Norden on dry bulk after yet another upgrade: "It's pretty intense"Borr Drilling receives warning from New York Stock Exchange CFO resigns from Siem Offshore Three container lines stand out as winners in fight for extra capacity Monjasa expands in the Middle East with new collaboration Bunker Holding reports significant decline during Covid-year Cadeler picks Chinese shipyard for large order for new wind installation vessels V. Group brings in new head of LNG activities from Shell Rio Tinto suspends work in South African mine and declares force majeure Maersk exec put on blast in US for sharing enthusiasm about BMW service Oil set for best half since 2009 as demand recovery accelerates Seaborne trade is now higher than before Covid-19 lockdowns Maersk selects shipyard to build CO2 neutral vessel Kuehne+Nagel sells a fourth of Chinese freight forwarder Charter cost has tripled for Unifeeder compared to last year DP World buys logistics provider Indicator shows worsened crew change crisis 800 Stolt Tankers seafarers to be vaccinated in third quarter Turning point in dry bulk has shipowners dreaming of multiple-year boom MAN to supply more Hapag-Lloyd ultra-large vessels with engines Growing number of pirate attacks on ships in Singapore Strait Twice as many container vessels changed hands in first half of the year than in 2020 Aker Solutions forms new offshore company with AF Gruppen NTG raises its guidance for 2021 OECD adopts historic agreement on global minimum tax New DFDS rival on Dover-Calais starts by lowering ticket prices The US has vaccinated more than 20,000 seafarers Seadrill subsidiary lands rescue plan – hedge fund is critical Bestseller's CO2 agreement with Maersk comes with additional cost Hafnia secures three-digit million-dollar loan agreement Oil fund warns that climate targets could threaten returns Ever Given set to leave Suez soon following settlement Global Maritime Forum expands management and creates new CEO role Navig8 Chemical Tankers enters sale and leaseback agreement with Chinese company Shareholders of container carriers gained extremely high returns in past 12 months MSC Chief Executive sees bottlenecks and crowded terminals last well into 2022 Unifeeder finalizes much-awaited acquisitions World's most talked-about canal sees top line soar in first half of 2021 Container carriers plan for record capacity during peak season OPEC+ shows no signs of healing rift just before talks resume Shipping lines responsible for massive CO2 emissions in 2020 according to EU Sail-maker Anemoi aims for 50 installations per year in 2025 Team Tankers has delivered seven out of eight vessels to Torm Container market primed for bonanza in 2021 CMA CGM teams up for collaboration on bio-LNG production Crashed Hamburg Süd vessel expected back in operation soon Aker Solutions secures big contract for subsea business 35,000 vessels still lack ballast water systems a few years before deadline Fred. Olsen Windcarrier wins Vestas contract Euronav teams up with shipyard to build ammonia-fitted vessels Zim and Seaspan strike yet another deal for LNG-fueled newbuilds Container lines' buying rush rains on yards and brokers Capesize vessels profit from longer coal transports Report points to ammonia as best alternative fuel choice for shipping Unifeeder surpasses X-Press Feeders after long awaited acquisitions Ever Given now sailing from Suez Canal three months after grounding Bunker One increases its physical operations in "most challenging year"Shell and Uniper team up to advance European hydrogen MSC closes in on position as world's largest container line DHL raises its expectations for 2021 Solstad secures work for five vessels Blue Water appoints Ørsted profile to lead renewables division in US OHT and Subsea 7 join forces to target wind installation With the next generation set up in management, USTC aims to scale up Cosco expects to add billions of dollars to its half year profit Hapag-Lloyd completes acquisition of Dutch container carrier Navigare sells off vessels for the first time Rates for US-bound freight approaching 10,000-dollar mark Kuehne+Nagel makes acquisition in Norway Biden to urge FMC to crack down on unfair competition in container market Fire extinguished following explosion aboard vessel in Dubai's Jebel Ali port New FMC chair prefers that shipping comes up with its own solutions DP World takes another step forward in logistics with acquisition bid Shipping investor Tor Olav Trøim and management buy shares in Borr Drilling Last week's top stories on ShippingWatch Container rates climb to record levels for the ninth consecutive week Biden emphasizes the need to open competition in the shipping industry Global Maritime Forum expects to hold annual meeting in London this fall Shell enters Norwegian hydrogen project Cobham Satcom expects tripling of revenue: "The growth has come as a surprise"Singapore implements stricter rules for crew changes Carriers in response to Biden: US demand is to blame for high rates and delays Piracy against merchant vessels falls to lowest level since 1994 Analyst firm warns that stagnation in global trade could threaten carriers HMM secures financing for eight newbuilds DFDS' freight volumes climbed in June FMC signs MoU after Biden's intervention in container industry Aker Offshore Wind deepens deficit Media: EU to seek medium-sized model for climate regulation in shipping DNB reverses past impairments from shipping customers in first half of 2021 IEA warns of much tighter oil market unless OPEC+ boosts supply Shipping chaos here to stay with most seafarers unvaccinated Kuehne+Nagel appoints new managing director of Singapore and Malaysia divisions Ceva has reviewed contracts and looks to broaden its business in major turnaround Noreco closes second quarter with stronger results Aker's hydrogen venture sets off in deficit Trøim raises USD 30 million for new dry bulk venture Concordia Maritime open to fleet sale with rescue plan The price of new container vessels skyrockets Wärtsilä expects to have ammonia blend engine running this year Container market is putting pressure on Denmark's largest port Ceva head on extreme freight market: "I doubt that we'll ever see it again"Siem Offshore finds new CFO internally Confirmed: Here is the EU's climate plan for shipping Shipowner Danaos acquires six container vessels Maersk supports most parts of the new EU plan Maersk to redesign ocean network in West & Central Asia Digital venture Zeronorth makes acquisition "World's biggest climate free-loader" to "EU overreach" - reactions to climate plan range broadly Port of Los Angeles predicts high consumer demand for the rest of 2021 X-Press Feeders makes initial payment to Sri Lanka in compensation case Svitzer bags long-term agreement with LNG company Aker companies improve results in second quarter EU Commission takes climate plan a step further than carriers hoped for Ever Given's owner braces for "thousands" of legal claims Cosco orders ten container vessels Anders Onarheim took over as CEO just as the world closed down Shell and MSC join forces for LNG push in shipping Container rates surge for the tenth week in a row Eimskip appoints new CFO Joint venture to build world's first ammonia bunkering facility in Norway European ports support EU's climate plan, but with reservations Last week's top stories on ShippingWatch Oil retreats after OPEC+ seals pact to loosen the taps into 2022 International Seaways finalizes acquisition of Diamond S Panama Canal transits rise as world trade recovers from pandemic Logistics companies prepare for stricter customs system in the next phase of Brexit MOL buys stake in methanol freight firm to boost the alternative fuel Scrap prices surge in busy shipping market Dof secures two contracts in Brazil DNV to examine risks of offshore hydrogen production Supertankers without scrubbers book lowest earnings in two decades Sea freight soars at Kuehne+Nagel Wärtsilä's orderbook grows in first half of the year Trøim's new dry bulk venture headed for Oslo's OTC exchange Alfa Laval notes higher activity in second quarter MSC and Oldendorff join methanol association Maersk Broker and McKinsey partner up to help shipping with green investments Report lists top polluting US retailers based on emissions from ocean freight Climate plan positions EU as the lead of climate regulation in shipping Fire on Stolt Tankers vessel ignited due to incorrect storage of cargo Shell appeals historic climate verdict Singapore's grip on Asian bunker market challenged by China Shipping lines scrap far fewer container vessels Record-low retail inventories keep US container import under pressure South Korean yards hit by higher steel prices in second quarter Scrubber suppliers tie their hopes to surging oil price FMC launches audit unit to examine container market Smaller exporters are still plagued by Brexit – whereas larger ones see challenges dwindle Stena orders several new E-Flexer ferries Flat opening in oil market with diverging impulses International Seaways adds ten ships to Norden pool France's TotalEnergies and Technip to explore low-carbon LNG Port chief sees US import surge "easily" lasting into 2022 Carriers faced two major challenges following Brexit – one of them still looms American shipowners view EU quota plans for shipping as threat to global initiatives Wärtsilä CEO points to flexible technology as shipping's path to green transition Solstad Offshore lands three new contracts Oil closes out wild week with rally intact as bulls fight back Container rates climb for 11th week straight NGO and asset manager urge shipping industry to invest in green initiatives Engine-maker WinGD helped by container surge after hitting decade-low Analyst points to "strong probability" of another upgrade for DSV The pandemic reminded Ulrik Andersen to avoid micro-management Last week's top stories on ShippingWatch WHO lists seafarers as a prioritized group for vaccination Seadrill lands comprehensive restructuring deal DP World forms joint venture for new route through the Arctic Five carriers raise huge sums in sustainability-linked credit facilities Dry bulk boom could last all the way into 2023 Hutchison Port Holdings reports growth in first half after pandemic impact 67 people fell overboard as a wind turbine installation vessel capsized Equinor to produce hydrogen in North Sea Transport & Environment demands firm EU targets for maritime fuels Port of Rotterdam sees gains from container market upswing Belgium vaccinates foreign seafarers calling on ports South Korean shipyard gears up for sea trial of autonomous LNG vessel Singapore ups competitiveness within offshore and marine Sea Cargo Charter expects to raise ambitions in first half of 2022 BP to collaborate with Maersk's research center on alternative fuels MAN to supply methanol engine for Maersk's CO2 neutral container vessel Wintershall Dea nearly doubles profit from Covid-19 quarter Demand predicted to grow for specialized vessels to install and upkeep offshore wind The 'new' Seadrill estimated to be worth 1.2 billion dollars Sea freight is expected to boost half-year revenue at DSV Equinor lifts profit in second quarter Rio Tinto returns 75 percent of its profit to investors in half-year payout Higher revenue did not save Subsea 7 from a loss on the bottom line Ardmore hopes for low growth in the number of new product tankers Novozymes wants sustainable shipping but is unwilling to pay extra Freight volumes drop "significantly" to pre-pandemic levels Hapag-Lloyd adds 10 more vessels to its orderbook from Greek owners Shipping faces critical shortfall of officers DSV Panalpina upgrades expectations for the full year 2021 Oil prices and production send Lundin skyward Shell benefits from oil recovery TotalEnergies delivers big-time growth in the second quarter DSV Panalpina says market normalization could easily drag out to 2023 Norway has signed the Paris deal, yet drilling on the Norwegian shelf is not slowing down New Pacific Basin CEO presents strategy in first public appearance Finnlines sees gains despite Covid-19 restrictions Container reliability worsened in June MAN finds German partner for green hydrogen production ONE sees significant progress in the last three months This is your shipping calendar for January 2022 Safe Bulkers' daily rates have risen from USD 8,000 to USD 21,000 in a year Port congestion and sky-rocketing freight rates hit Barbie Italian d'Amico forecasts stronger tanker market due to low orderbooks Chevron revives buyback with USD 3 billion pledge after oil rebound René Kofod Olsen views technology as a complement not a replacement Profits dip at World Fuel Services despite progress in first half of the year Hapag-Lloyd upgrades its full-year forecast This is your shipping calendar for February 2022 US blames Iran for ship attack, plans ‘appropriate response’Inmarsat to attract maritime customers with new satellite communications network Petoro sends more than USD 6 billion into Norway's Petroleum Fund Subsea 7 boosts bet on offshore wind with new acquisition WinGD initiates research project to bet on ammonia and methanol Maersk Tankers and Cargill's bunker venture is operational and now has a name Scan Global Logistics closes in on new acquisition Delta variant brings uncertainty to prospects of tanker upturn US furniture shipper sues Cosco and MSC for "manipulating" container market Maersk upgrades its full year expectations massively Transocean expects drilling market to improve in 2022 Restructured Valaris eyes beginning of upturn after pandemic BP's sales grow, earnings drop Maersk estimated to have war chest in the range of USD 30 billion High freight rates in container market drive up consumer prices With two fatalities, shadow war escalates to new dramatic stage for shipping companies Shipowner Danaos secures contracts at high rates through next year Ten pirates sentenced to years in prison in Nigeria Dry bulk operator Diana Shipping books first profit in two years New suspected attack on freight vessel in Gulf of Oman The lucrative east-west routes have attracted many vessels MOL orders four LNG-fueled car carriers – and aims for 90 vessels DB Schenker defends carriers in red-hot container market Rolls-Royce sells engine supplier Bergen Engines Earnings keep sliding for Dorian LPG Azane Fuel Solutions was created during the pandemic using Teams Noble reports further losses in second quarter Daily rates on multipurpose market doubled in a year FMC fast-tracks inquiry into eight container carriers' extraordinary surcharges Western Bulk aims for listing in third quarter Esvagt strikes huge deal with Totalenergies Teekay Tankers goes red but eyes recovery in the long term DHL's logistics division reaps the benefits of supercharged freight market Scorpio Tankers posts another major loss and predicts a grim tanker market for the rest of the year Eneti acquires Seajacks in drive to become leading wind carrier Japanese companies test out first carbon capture system aboard vessel Seaspan extends charter agreements for ten container vessels "Shocked" MSC denies allegations of collusive manipulation of container market Maersk books record results and announces new acquisitions Eagle Bulk delivers its best operating profit yet Daughter of Hin Leong Trading founder charged in major fraud case Container rates increase for the 13th consecutive week Star Bulk keeps growing in booming dry bulk market This is how Maersk will spend its billions of dollars in the coming years Maersk reports big growth in logistics – but very little came from new acquisitions Lise Demant views the pandemic as a lesson in true people management Navig8 Chemical Tankers is set to change its name Dearth of investments in container ports is a growing problem in the industry Container boom generates chaotic upturn for multipurpose and heavy lift sector Thor Dahl Shipping makes bank on sale of three older container vessels in 2020 TotalEnergies mulls stake in world's largest offshore wind farm Maersk CEO sees no risk of intervention in container market UN panel: Global temperature will soon exceed critical threshold Port congestion reaches record level following slight improvement in the spring Seadrill and Northern Ocean announce settlement over rigs Maersk appoints new Chief People Officer Saudi Aramco follows big oil competitors as profit surges DB Schenker warns container lines against entering logistics International Seaways eyes signs of improvement for hard-pressed sector Torm swims against the tide and books second quarter profit despite weak market Seaspan-owner Atlas Corp raises its full-year guidance DHT drydocks vessels during weak tanker market Wilhelmsen family member's demand for investigation gets denied by court Analyst firm predicts major rise in reefer rates Torm tempted to make more acquisitions in weak product tanker market Media: Esvagt put for sale by owners Tidewater forecasts improvement despite new loss US politicians will force carriers to prioritize US export with new bill Fewer container vessels had scrubbers installed in the first half year CMA CGM sued under special US law on Cuban trade – Maersk, BBC and DSV hit by similar cases Hyundai Heavy Industries indicates share price for IPO Golden Ocean leaves Capesize pool The container market won't normalize materially until far into 2022, says FMC chair Vestas struck by historically high transport prices TFG Marine puts a figure on its bunker volumes Major Chinese port closes container terminal as a worker tests positive for Covid-19 Svitzer adds two tugs in extended contract with Suez Canal Authority Dutch company kicks off big decom program in North Sea Hapag-Lloyd foresees easing of overheated market in 2022 at the earliest Euronav points to uncertain prospects for tanker recovery Alarming climate report touches a raw nerve on LNG use New figures show low rate of vaccinations among seafarers CMA CGM notifies customers of delays following terminal shutdown in China Dry bulk vessel snaps in two after grounding in Japan Queues of dry bulk vessels off China reach highest level in seven years Concordia Maritime gets approval for rescue plan following another major loss Viking Supply Ships eyes clear signs of recovery in 2022 Oil pares weekly gain with Delta variant concerns hanging over market Okeanis Eco Tankers reports big decrease in charter rates Euronav CEO calls on shipowners to scrap more than 50 vessels HMM doubles its revenue in second quarter Five ships were hit by armed robberies in Asia during July Container rates set new record for 14th week straight Maersk Tankers' HR chief: "I think people are more reticent to approach conflicts in a virtual context."Climate scientist on green transition in shipping: It's coming – with or without legislation This week's top stories on ShippingWatch World's third-busiest port remains partially shut in China DSV Panalpina completes billion-dollar acquisition and raises guidance Oil companies to produce biofuel in existing plants DSV announces DB Schenker as potential acquisition candidate Shipping bank stepped up loan disbursement in first half of the year Odfjell sells ships and exits gas market Analyst casts doubt on super cycle in dry bulk Chaotic container market sees new carriers enter the scene Esvagt buys vessels from major Nordic banks An open invitation from DSV can be the first step towards the world's largest logistics company This is your shipping calendar for March 2022 DB Schenker calls for temperance in purchase speculations NTG quadruples its bottom line in "extraordinary" freight market DFDS reports growth in second quarter – maintains expectations Maersk Container Industry expects third consecutive profit in 2021 Lower freight rates pull down Flex LNG Newly merged BW Epic Kosan's results hit by higher costs Northern Drilling cancels contract with DSME China port congestion worsens as Ningbo shuts for seventh day DSV's acquisition leads to new regional management and layoffs Norwegian authority criticizes safety on Maersk Drilling rig DFDS is paying a heavy price for EU's review of HSF Logistics takeover Eneti delivers profit and leaves dry bulk for good DHL acquires German logistics company Woodside and BHP form new energy company Norden delivers best quarterly profit in six years Belships posts black figures on the back of major market upturn NTG struggles to find room on board container vessels Lauritzen Bulkers set to book first profit since 2010 following market boom Higher steel prices and lower sales result in red figures at DSME 30 "superjumbo" container vessels expected to launch in 2023 Wallenius Wilhelmsen has brought stacked vessels back into operation Port of Los Angeles sees rise in handled container volumes for the 12th month in a row USD 80 million sits between Norden's best and worst scenarios for 2021 This is your shipping calendar for May 2022 This is your shipping calendar for April 2022 Norwegian investor takes big loss from Transocean in 2020 Rindbo sees tangible improvement in tanker pushed to 2022 DP World reports growth in hot freight market during first half year Zim upgrades guidance significantly after landing major profit in second quarter 2.7 million containers queued off the world's ports – Ningbo shutdown worsens bottlenecks DB Schenker rejects DSV comments in an internal memo: No grounds for a hostile takeover Weak market for chemical tanker results in third quarterly deficit at Odfjell DFDS is unfazed by competition from Irish Ferries in the English Channel Maritime & Merchant Bank declares tanker the big joker in shipping MPC Container Ships raises guidance after strong second quarter Maersk Drilling books profit following guidance upgrade Seadrill suffered USD 600 million loss in first half of 2021 Hamburg Commercial Bank is back to profiting from shipping and expands its maritime activities Head of Valaris steps down – interim CEO has been appointed "Cheap money" paves the way for acquisition wave in logistics OOCL's half-year result soars on par with competitors A message from the COO made Sveinung Støhle extremely relieved: "That was a milestone"Maersk Drilling CEO calls for scrapping of up to 50 floating rigs New Covid-19 outbreak hits China while queue of container vessels grows off Long beach Transocean and Dolphin Drilling make billion-dollar bid for Seadrill's rig fleet Fredriksen's holding company to launch bid for Avance Gas Navig8 Chemical Tankers completes name change Can Maersk achieve schedule reliability of 90 percent by the end of the year?MSC and Maersk's 2M alliance loses market shares on US-Asia route The majority of Norwegian oil remains below the ocean floor Committee recommends zero-emission investment targets for Norwegian oil fund Skyrocketing Baltic Dry Index has doubled in a year Nordic Shipholding set to turn the key, as merger plan founders Equinor and Maersk Drilling maintain membership in controversial oil lobby Hard-pressed Dof secures work for more offshore vessels Prosafe's management disposes of all shares DSV on bottlenecks: "Out of control at the moment"Ships resume docking at Ningbo port after two-week shutdown Maersk places order for eight container vessels Cadeler triples revenue in first half of the year Panama Canal maintenance risks causing delays for tanker vessels Newly appointed managing director at V.Group predicts sustained LNG growth over the next 20 years Maersk requires 360,000 tonnes of green methanol a year for its new container fleet Tanker market is on the rise after bottoming out – earnings to turn black in 2022 Equinor receives order upon "serious" regulation breaches Solstad books another deficit despite better contracts Growth in offshore wind division secures Boskalis a profit John Fredriksen disposes of Seadrill shares Rio Tinto resumes operations in South African mine Hundreds of ships stand in the way of upturn in OSV market Eight container carriers generated USD 25 billion in operating profits in first half Dof exits second quarter with profit while chasing rescue plan Solstad Offshore expects to sell 25 vessels within 2021 MSC and Hapag-Lloyd won't veer from fuel plans MAN hopes Maersk order will spur interest in methanol engines Four of the world's largest dry bulk operators earned USD 408 million in six months Europe's first green investment fund for shipping is ready 2020 Bulkers boosts earnings following conversion of charter deal Frontline enters the red in dismal tanker market Golden Ocean books huge profit in the second quarter HMM seafarers have deposited their letters of resignation and sent CVs to MSC Tanker carrier Hunter saw negative daily rates in the second quarter Covid-19 pandemic hits Color Line with new deficit Odfjell Drilling sees growth from increased exploration BW LPG finds that newbuild orders cloud gas market outlook Siem Offshore calls for further consolidation in the market for offshore vessels Robert Uggla acknowledges dilemma involving unavailability of green fuel for new Maersk fleet Delayed container ships are a week behind schedule Noble Corp trims fleet of drilling rigs Ziton's board open to potential sale Navios merges to form shipowning giant on the NY Stock Exchange OHT books small deficit ahead of merger with Subsea 7 Long-term contracts triger profit for Sovcomflot in strained tanker market Container rates set new record for 16th week in a row Maersk's methanol ships need more than all of Denmark's available output of renewable energy Tax provision drags Höegh LNG further into the red Police raid several shipowners in case concerning illegal scrapping Norden's employees came together via fitness app during the pandemic Tropical storm Ida slashes oil output on path to hit Louisiana CMA CGM sees earnings growth of 280 percent in the second quarter Prosafe loses court battle for hotel rig Golden Ocean CEO expects 2022 to turn out even better with booming dry bulk upswing Analyst firm projects significant capacity injection between Asia and North America Hafnia suffers loss for the third consecutive quarter Svitzer appoints new head for Germany and Scandinavia Can Maersk achieve schedule reliability of 90 percent by the end of the year?Hapag-Lloyd places order for 75,000 containers in China Mikael Skov dismisses overcapacity in tanker market despite profusion of red figures Port of Hamburg reports significant volume growth in first half Per Lange steps down as CEO as von Appen family takes the reins of Ultrabulk Cosco sees huge jump in profits in the first half of the year Borr Drilling expects to deploy more rigs in 2021 Prosafe following new court defeat: Restructuring continues unaffected Nordic American Tankers open to fleet expansion Havyard's orderbook shrinks significantly in first half of 2021 Oil heads for biggest monthly loss this year before OPEC+ meet TotalEnergies says worst Covid trouble for Tyra has passed MAN Energy Solutions expects to see dual-fuel make up half the market in 2025 A majority of new container ship orders feature scrubbers Per Lange bows out: "After 40 years in shipping, I deserve a little more time with my family"Orders for ships with alternative fuel systems have doubled in two years More seafarers vaccinated against Covid-19 New strategy and management at Ultrabulk to underpin sustained upturn in dry bulk Concordia bags additional liquidity through vessel sale New Clipper CEO is on track for the carrier's best result in years Prosafe files for restructuring proceedings in Norway Covid-19 outbreaks trigger logistics disruptions in Vietnam and Malaysia DNV Maritime CEO: Ammonia and methanol will first be widely available in the next decade Italy's Rina group acquires tech supplier Golden Ocean to freight containers in strained market Seaspan to deliver another five LNG container ships NTG upgrades forecast following acquisition Increase in capacity hasn't eased pressure on container market, say shippers Odfjell Drilling CEO warns that drilling industry clean-up comes too late HMM makes peace with seafarers in wage dispute Ikea buys its own containers and charters its own vessels Maritime software developer acquires Oceanbolt 376 container vessels queuing off ports around the world Appeal case involving Norwegian shipowner heads to court next year Ships account for 13.5 percent of greenhouse gases in European transport Subsea 7 and OHT form management team for new wind merger Distinguished analyst to spearhead new shipping hedge fund OOCL orders ten new container vessels Canadian Fednav orders ten dry bulk vessels Maersk Oil Trading hires new head from Monjasa Fjord Line fears protected natural areas could thwart investments in fast ferry World's first green ammonia terminal receives governmental grant A notice from the government gave Torben Carlsen time to prepare DFDS for the lockdown Container rates set new record for 17th week straight Verdict due soon in long-running lawsuit against Thor Stadil Scan Global roars ahead in the first half of 2021 and upgrades guidance Noble declares force majeure on drillship following Hurricane Ida This is your shipping calendar for June 2022 This is your shipping calendar for July 2022 This is your shipping calendar for August 2022 This is your shipping calendar for September 2022 This is your shipping calendar for October 2022 This is your shipping calendar for November 2022 US court approves Seadrill's reorganization plan Saudis cut oil prices to woo buyers as OPEC+ boosts supply European container ports significantly less impacted by congestion Western Bulk seeks listing and private share offering Russia lifts restriction in Northeast Passage Hempel completes new acquisition on path to growth target This is your shipping calendar for December 2022 Delivery of new container vessels extends into 2025 ICS proposes global carbon levy to accelerate green transition IUMI reports improvement in marine insurance market – cautiously optimistic FMC to investigate discrimination against hazardous chemical products EU approves DFDS' acquisition of HSF Logistics Container lines earn at least USD 500 per container in second quarter of 2021 Scan Global lands sixth acquisition this year with takeover of New Zealand freight forwarder Military coup threatens crucial export of bauxite Hyundai Heavy Industries sets IPO price Smaller Dof investors oppose debt restructuring Bjørn Højgaard: Nuclear power is required to reach climate target before 2050 Oslo-listed shipping companies improve their ESG rating ICS and Bimco appear to be out of sync on global carbon levy Strong demand pushes up price for car carriers Upturn in multipurpose driven by container and offshore wind Fredriksen's shipowner buys vessels in weak tanker market Maersk joins Buffett to invest in startup promising green fuel Scan Global Logistics enters its 7th acquisition this year Peter Sand lands new position at Norwegian analysis platform DFDS plans to launch its first green ship no later than 2025 Denmark wants to halt global oil exploration with new alliance Wärtsilä CEO calls for urgent political action to decarbonize shipping TotalEnergies reshuffles executive committee Container shipowners cash in on high charter rates Thor Stadil acquitted in long-running legal battle Drewry on Guinea: Bauxite export will continue despite military coup Tanker vessels below break-even as pandemic drags on Maritime regulators discuss competition in strained freight market The number of cyber attacks against maritime companies quadrupled last year Bunker One establishes bunker service in Mauritius Equinor and Vår Energi join Horisont Energi in major ammonia project Golden Ocean orders three new vessels Prominent prosecutor to lead spectacular lawsuit against Dan-Bunkering CMA CGM partners up to make substantial investment in Abu Dhabi's largest port Anglo-Eastern enters green partnership with Lookout Maritime CMA CGM freezes spot rates until February 2022 Evergreen orders 24 container vessels – the second highest newbuild count relative to fleet Exmar reports growth after sale of vessels Container rates trend upwards for 18th week in a row Amazon, Ikea and Walmart join new FMC shipper committee US West Coast export drops to lowest level in years while bottlenecks continue Oslo IPO to finance future growth at Western Bulk Søren Skou calls for ban on oil-fueled vessels Container lines take steps to curb the extreme market Maersk has most of its customers on long-term contracts British shipowners call for zero carbon emissions by 2050 New tanker vessels cost more despite low orderbook Oslo Stock Exchange shows 2021's winners so far in an extreme shipping market Harvard's USD 42 billion fund to stop investing in fossil fuels Røkke sells Ocean Yield to US-based asset manager Niche container lines are far more reliable than the majors Unilever has become an important factor in shipping's green transition CMA CGM and Hapag-Lloyd's spot rate freeze is a "sensible first move"Prosafe's deferral of debt extended into 2022 OPEC sees stronger demand for oil this year and next Congestion grows – 59 container vessels queuing up off Los Angeles Study points to Mexico as obvious choice for green fuel supply Norway's incoming government pledges to offshore wind, while oil could sow strife CMA CGM to invest in Brittany Ferries Danish ministry admits to "considerable uncertainty" when calculating state aid for shipping Subsuppliers critique Vestas, Ørsted for sourcing towers from Asia Competition authority launches investigation into Australian port operators European Commission Director defends ETS and FuelEU initiatives Shipping in the initial phases of solid super cycle, execs say Sustainable ship financing has grown considerably in one and a half years Reform of US shipping act to be processed in December at the earliest DFDS initiates integration of HSF Logistics Carriers cancel nearly half of sailings between China and Middle East Professor: US and China should reach a compromise and end trade war Piracy in Gulf of Guinea is a source of concern for shipping despite fewer attacks Fredriksen sells seven dry bulk vessels at big profit Norwegian trade organizations concerned about Norway's shipyard industry DFDS exec aims for growth in logistics following acquisition HSBC projects significantly higher earnings for Maersk in 2022 H&M Group includes all new fuels, even LNG, in ocean transport Equinor CFO: Oil and gas "cash-engine" drives renewables portfolio Chinese coal import from Australia drops 98.6 percent Søren Toft: "We've done our utmost to ease the operational stress"Chevron triples green investments to USD 10 billion FMC to issue new guidance on detention and demurrage Shipping insiders caution against new capacity as prices surge Blue Water Shipping takes on Canadian expansion Only one flag state has submitted data on ballast water to IMO MSC aims for climate neutrality by 2050 Chinese ports resume activities after being shut down by typhoon Maersk upgrades guidance once again – expects major billion-dollar profit for 2021 Daily rates climb on European routes Søren Skou eyes a strong market for the rest of the year Ikea: Shipping plays a vital role in reaching climate neutrality in 2030 Cosco reaches settlement with furniture group in spectacular case – without MSC Two dry bulk carriers raised share value by more than 150 percent this year Green politicians call for removal of LNG on EU shortlist of new fuels 141 ships are waiting off major ports in US and China Banks predict more upgrades from container carriers Hapag-Lloyd seafarers spent more than a year aboard vessel Hyundai Heavy Industries' IPO debut garners major capital injection Authorities find no evidence of collusion between container carriers CMA CGM hit by new cyberattack MSC places bid for Brazilian carrier Container vessels spend more and more days waiting off major ports DFDS expects slow growth in passenger traffic on the English Channel China boosts soy import from Brazil Clipper vessel heavily damaged after collision Anglo-Eastern CEO calls treatment of seafarers "absolutely shameful"German environmental group demands prodution shutdown from Wintershall Dea Stena Line to deploy electric ferries CMA CGM has informed customers following data leakage ConocoPhillips to buy Shell Permian assets for USD 9.5 Billion EU aims to include entire value chain in carbon accounting for new fuels FMC continues investigation into eight carriers' fees Norway's petro export hits highest level since 2008 Mikael Skov views dual-fuel engines as too expensive for mid-sized product tankers Flexport far from reaching ambitious target of leveling up to logistics majors Maersk exec considers the supply of green methanol a "fundamental challenge"OECD expects substantial growth in global economy in 2021 BHP exec finds that congestion in supply chain is "eating up" bulker capacity Ardmore points to one viable climate initiative for all ships More than 150 maritime players call for alignment with Paris Agreement in shipping Trafigura urges prompt climate regulation of shipping US ports climb list of largest container terminals Wärtsilä enters ammonia collaboration with Samsung Heavy Industries Cosco aquires one third of Hamburg's Tollerort terminal Clarksons sees slow improvement in offshore sector Borr Drilling to produce green hydrogen in North Sea Bunker Holding on the hunt for acquisitions among largest competitors MSC buys air bubble system for 30 of the company's coming container vessels Maersk Tankers CEO views climate summit as a potential lever for IMO's efforts K Line orders eight LNG-powered car carriers Shell to deploy electric ferries in Singapore Norwegian oil lobby confident in continued extraction Several prominent investors involved in Portchain's new capital injection Synergy Group takes over Maersk Tankers' technical ship management business Hyundai Heavy Industries' new CO2 tanker design greenlit Change of company ownership took new G&O CEO by surprise A.P. Møller Capital makes changes to board of directors Maersk buys stake in Silicon Valley electrofuel startup in race to ditch oil Christian Ingerslev to bank heavily on commercial management going forward Svitzer brings in global head of decarbonization from Hempel Shipping groups propose new deadline for submitting ballast water data to IMO Container spot rates continue to break records Norges Bank predicts sharper decline in oil investments next year Samskip strengthens Baltic activities through acquisition Bank loans are becoming a headache for drilling companies: "It is a concern"Big recruiter says the shipping sector must use green transition as bait for talent Strong demand has US oil imports on the rise Danish Maritime criticizes new ballast water proposal: "We cannot support it"Congestion keeps growing – 427 vessels idle in major container ports Peter Liese is the go-to when seeking to change EU's CO2 quotas 11 vessels involved in identity laundering to cover up illegal activities OSM lost to Synergy in battle over prestigious Maersk Tankers agreement Oil price reaches highest level in three years World's key ports hit hardest by delays Former BW LPG chief exec takes over as CCO at Synergy Container shipping across the Atlantic has gone up more than 200 percent Carriers and customers put aside mutual "disloyalty" by opting for longer contracts Prominent Norwegian group behind new large ammonia facility for shipping Seaspan orders ten new container vessels Maersk sells container factory MCI to Chinese CIMC Orders for container newbuilds reach record high Credit rating agency tests 70,000 ships' impact on climate Klaveness CEO expects that the next MEPC meeting will produce ... nothing Norwegian investors buy drilling rig for less than 1 percent of original cost TotalEnergies says global oil consumption will plateau before 2030 K Line signs sustainable loan to invest in decarbonization Broker Cleaves upgrades bulk forecast for the rest of the year Schedule reliability among container lines drops to historic low Bawat CEO: "Unfortunate" if submission of ballast water data to IMO drags on Los Angeles chief: West Coast ports need more funds Hapag-Lloyd buys stake in Wilhelmsen container terminal Container carriers' geographic focus remains unchanged despite increased capacity on major routes Union Bulk reaps the rewards of expensive commodities and high container rates Danish Shipping supports proposal to postpone deadline for ballast water data Shipowners to gather during climate summit to discuss decarbonization efforts in shipping CMA CGM expands air division with two new Boeing 777 freighters European Commission views LNG as crucial to achieving climate targets in shipping Bunker Holding to invest in supply of sustainable fuels New propulsion system can yield fuel savings of 22 percent Norwegian shipowner has traded ships for more than USD 1 billion Klaveness and Unifeeder test alternative fuels on vessels in operation OPEC expects rising oil demand towards 2045 Equinor valued at more than USD 78 billion Esvagt aims for two new contracts within US offshore wind High rates in store for capesize owners through the rest of the year Norvic Shipping sees daily rates upwards of USD 40,000 for its 110 vessels Hapag-Lloyd open to acquiring more port terminals Rates in long-term container contracts up 90 percent Denmark, Norway and Sweden haven't submitted ballast water data to the IMO Equinor unveils its tax payments Maersk and DSV see supply chain issues extend into 2022 Australia has seen "compelling evidence" of vessels violating environmental rules for ballast water Scan Global continues expansion with British acquisition Hapag-Lloyd scraps further LNG retrofitting of vessels: More expensive than expected Strong interest in second-hand vessels despite signs of weakness in Chinese economy Container rates decline after record streak MOL exec ponders potential governmental intervention in container crisis Lack of EU support strains DFDS' ambitious ferry project Höegh Autoliners orders world's largest car carrier from Chinese shipyard Ultrabulk Asia exec takes new top position in Dubai Prominent shipping profiles bound for Global Maritime Forum in London Qatar places USD 760 million order with China for LNG vessels Bottlenecks have put container capacity equivalent to CMA CGM's fleet out of operation Dutch carrier orders methanol-powered offshore installation vessel Shipping expats turn their backs on Singapore due to strict lockdowns Coca-Cola charters three dry bulkers to ensure production Fredriksen's Flex LNG projects booming rates after several tough years Belships expands fleet with two dry bulkers Investors start reaping the returns in extreme container market Norwegian shipping families invest in offshore wind Secretary General at ECSA leaves post – two temporary replacements appointed Seaspan receives first container ship with 69 more to come Oil steadies near seven-year high as OPEC+ sticks to output plan Investment firm Stonepeak acquires Canadian Teekay LNG Partners Solstad sells seven ships for scrapping at Norwegian shipyards Concordia Maritime secures new agreement for repayment of eight vessels China expected to up coal import in fourth quarter – promising sign for dry bulk Yara explores ammonia bunkering and distribution in Japan Bourbon's Norwegian business booked major deficit in 2020 At least seven shipbreaking fatalities in Bangladesh during third quarter Veritas Petroleum Services warns of harmful bunker oil being used in major European ports Nine people sentenced to prison in Singapore for extensive bunker fraud Hapag-Lloyd extends contract of COO for five years Pricing of container ships continues to climb despite fewer sales Stolt-Nielsen CEO expects imminent upturn in chemical tanker Australia bans dry bulk vessel for underpaying seafarers Herman Billung on historically strong market: "Somewhat of a fairy tale"EU court rejects Scandlines' appeal in Fehmarn Belt financing case Stena joins new LNG collaboration Growth plan to push Hempel into the global top ten of paint producers ICS calls for target of net zero emissions by 2050 "Anything but shipping" drove progress at Stolt-Nielsen in third quarter Authorities suspect ship of causing major oil spill off California Moody's: Oil market lacks USD 500 billion to ensure sufficient output Wärtsilä to install air bubble lubrication system on Maersk vessel Key executives awarded new titles in Dan-Bunkering's top management NGOs pressure Ikea to opt for sustainable shipping Norway has issued 15 notices, but refrains from taking ballast water samples Shell flags financial impact of gas market swings, hurricane DFDS and J. Lauritzen set up joint bunker company European shipping players in wrangle over responsibility for paying carbon quotas Scrapping of tanker vessels hits 39-month high Ørsted selects wind carrier Cadeler as supplier for German projects Hapag-Lloyd vessel no longer suspected of causing oil leak off US coast Deutsche Post announces upgrade following good third quarter Flex LNG exec has seen "the craziest gas week in history"Container rates shake off last week's decline 57 container vessels queuing off Long Beach Herman Billung felt bad for investors when the stock price plummeted: "It was damned unpleasant" Greeks remain silent, while Swedes stand their ground in dispute with Danish Shipping on carbon quotas OOCL's revenue surges in the third quarter despite drop in volumes Global corporate-tax overhaul advances as 136 nations sign on Seadrill receives "overwhelming" support for rescue plan from lenders Maersk naval officers suspended following rape accusation Boom in container market driven by US consumers A day in December 2016 could prove decisive in Dan-Bunkering case Golden Ocean orders four additional newbuilds in China DSV and Maersk rank in top three by revenue in Denmark John Fredriksen becomes major shareholder in Frontline's competitor US and EU importers seek alternative transport methods in lieu of container freight Oil majors' joint climate venture orders two specialized CO2 carriers Port lockdowns in China help DSV to fifth upgrade of the year Solid growth in ferry traffic between Ireland and France post-Brexit Rising US crude oil production could benefit tanker market Shipyards take longer to build capesize vessels Former Dan-Bunkering CEO might become key witness in criminal proceedings Cyclone closes one of world's busiest ports – bottlenecks ensue DP World and CDC pledge USD 1.7 billion infrastructure spending in Africa ports deal UK deploys patrol ship in West Africa to strengthen maritime security Maersk diverts ships from UK due to port congestion Maersk Broker to advise on climate: "The vast majority is on the verge of taking the first step"Cadeler receives offshore wind order in the Netherlands Upturn prompts Norden to sell out of dry bulk fleet IEA warns world isn't investing enough for future energy needs Container routes between Asia and Europe hard hit by port delays Shipping analyst: Christmas is not canceled Chief execs in shipping see upturn extend far into the 2020s Feverish dry bulk market leads operators to crank up speed by a few knots CMA CGM announces temporary stop to calls on Port of Savannah on US East Coast John Fredriksen expands shareholding in Avance Gas LNG lobby takes a swipe at Søren Skou Biden confronts supply chain crisis stretching past his grip Bunker sales drop to 15-month low in Singapore Torm CEO on unusual tanker market: "Not a sustainable new normal"Equinor to improve financial health of problematic oil field Martin Linge Norwegian maritime operators create offshore wind alliance Significant drop in pirate attacks in Gulf of Guinea A single vessel risks having to pay more than EUR 1,000 a day for EU's carbon quotas Maersk invests in Dutch company focused in green fuel MSC wants action in order to help seafarers left behind with no food or money The upturn gathers momentum for Pacific Basin and Fruergaard Viking Supply Ships secures new capital to cover expected negative cash flow "Mixed lobbying" hinders Maersk from elite status on climate efforts UN's Guterres blasts shipping and aviation – climate targets are too lax Fredriksen increases stake again in Frontline rival Euronav Danske Bank makes commitment to CO2 neutral loan portfolio by 2050 FMC chair on pressured freight market: "Everyone is responsible, but no one is to blame"Expanding opening hours poses a major challenge in Port of Los Angeles Media report: CMA CGM and Maersk exploring possibilities of acquiring logistics company More container vessels queued off Long Beach – fewer globally Coast guard boards vessel that dragged anchor near pipeline Chinese energy crisis threatens to disrupt global supply chain Poseidon Principles set to raise ambitions in coming weeks Norway calls on IMO to introduce global CO2 quotas for shipping Price difference between spot rates and contracts runs to USD 20,000 Ikea maintains climate targets for ocean freight despite criticism from NGOs Logistics group Shipco Transport appoints new management Celsius places order for large LNG vessels APM Terminals assigns climate exec Berenberg sets up two new shipping funds Prosafe reports highest fleet utilization since 2019 FMC urges container carriers to clarify fees DCSA: Customers' lack of focus delays digitization of container market Multipurpose market red-hot but short on capacity US ports to extend opening hours 87 vessels scrapped at Asian beaching yards in the third quarter Extreme container rates can push shippers into bankruptcy Containers piling up at Port of Felixstowe South Carolina Ports names coming CEO Belgian logistics group acquires Spanish company Ikea, Amazon, Unilever commit to zero-emission ocean freight by 2040 Kuehne+Nagel more than doubles earnings in third quarter MPC Container Ships secures new credit facility and divests six vessels Port of Rotterdam reports substantial volume growth Shipowners on EU proposal: Loopholes risk undermining efforts towards green shipping Shipowners rushing to place orders for mid-sized container vessels in 2021 Skuld cautions shipowners about cases involving contaminated bunker fuel UN says fossil fuel projects wrecking climate goals Three container carriers welcome demand from major customers: "2040 does not scare us"For Coca-Cola, chartering vessels is by no means a foreign concept European Shippers Council announces new president Seaspan's customers have ordered 70 ships – all fossil-fueled Aker Solutions gets potential Arctic billion-dollar contract Golden Ocean CEO sees the strong bulk market extend into 2024 Monjasa announces new chair China power crisis boosts coal imports from Indonesia to record How will product tanker shippers make their way if all cities do as New York?Shipping contributes to growth at DNB in third quarter Dry bulkers on European shortsea routes profit from bottlenecks in freight market OSM Maritime sets up recruitment platform for shipping Aker Offshore Wind takes "key strides" in third quarter APM Terminals and Chinese ZPMC enter strategic alliance on maritime automation IKEA sustainability manager: Green solutions should not cost more Oil service firm loses nearly USD 60 million in three months DNB warns banks not to repeat grave mistake during upturn in shipping Exmar to develop CO2 tanker in joint venture California governor signs order to tackle container congestion Zim acquires seven second-hand container vessels Major increase in damage claims leads Skuld to notify customers of substantial price hikes Long Beach logjam of container vessels grows to 80 Analysis from Maersk Mc-Kinney Møller Center shows path to decarbonized shipping by 2050 Saudi Aramco pledges to reach net-zero emissions by 2050 Fire on board container ship off coast of Canada is under control Brent oil takes out USD 86 as Saudi Arabia vows caution on supplies Prosafe bags contract with Totalenergies Freight rates for furniture eat up almost entire profit BW LPG chief exec reports average day rates down by USD 15.000 in 2021 Wallem Group appoints new CEO Container lines send heaps of empty containers to Asia Employee at Bunker Holding subsidiary charged for corruption Carriers to pay fees for idling containers in US ports DSV reshuffles management following integration of major acquisition DP World reports growing volumes in third quarter Wärtsilä grows orderbook despite continued Covid-19 effects Alfa Laval reports strong maritime order intake New ships and higher rates boost Klaveness carrier in third quarter Dan-Bunkering case begins: Bunker Holding CEO seeks acquittal of jet fuel sales to Syria Improved conditions boost sales for Wintershall Dea Container lines warn the EU against going too far in climate efforts DSV CEO on ocean freight: "Currently a flat market"MSC: Crew safe after pirate attack in Gulf of Guinea Seadrill gets court approval for rescue plan – will leave Chapter 11 within 60 days Wiretapping, major bonuses and 100,000 documents from US authorities: The Dan-Bunkering case begins Equinor has never made this much money DSV appoints third male executive despite ambitions of diversity CMA, Maersk, HMM, Hapag-Lloyd moving into logistics to stabilize earnings Euronav CEO De Stoop welcomes further investments from John Fredriksen Scrubber congestion at Wärtsilä – container carriers keep vessels in operation Zero-emission shipping realistic by 2050: "Everyone needs to raise their ambitions"Ocean Yield invests in six VLCC vessels Keppel Offshore & Marine sued by investment funds over million-dollar compensation Container vessel lost over 100 containers in the wake of fire Renowned Belgian shipping family calls for crazy people to decarbonize shipping Defense in Dan-Bunkering case criticizes police's calculation of profits Roughly two out of three container ships were delayed in September Siem Offshore books small profit in third quarter Jeremy Nixon worries that wage talks could worsen chaotic situation in US ports Aker BP beats its sales record World Bank submits disputed LNG report to IMO negotiations Shell wants out of the dark with new climate goal Exxon, Chevron CEOs excoriated in seven-hour D.C. climate hearing World Fuel Services acquires US-based fuel supplier ONE expects full-year profit of close to USD 12 billion Keppel's shipyard business reverses loss-making trend Euronav chair rejects merger talks with Frontline "Disappointing" gas rates pull down Exmar Kuehne+Nagel relies on partnerships to dodge capacity issues in chaotic container market Dan-Bunkering customer's captain was convicted for sailing jet fuel to Syria Oldendorff orders five vessels at Chinese shipyard Lundin's record output doubles earnings Euronav CEO sees two strong winters coming for the tanker market Hapag-Lloyd raises its guidance for 2021 after strong quarter Schedule reliability falls to new low in the third quarter Saudi Aramco's earnings surge on higher oil output and prices Maersk and its competitors face spectacular surge in the third quarter Port of Los Angeles enacts dwell fee for delayed containers Far from all customers will have access to green container ships in 2040 Danish prime minister joins call for climate neutral shipping from 2050 China Merchant buys container line from Sinotrans Maersk and port authority to establish new logistics hub in Saudi Arabia Maersk expands air division following record result in third quarter Valaris advances in third quarter Transocean weighed down by idle rigs in third quarter BP loses USD 2.5 billion in third quarter Chaotic freight market driving Maersk's air expansion GC Rieber returns to profit in the third quarter MOL and Vale in collaboration to develop rotor sails Søren Skou open to raising Maersk's climate targets Torben Østergaard-Nielsen to testify in Dan-Bunkering case Søren Skou: No date for appreciable improvement of schedule reliability Ships queues worsen port delays from Singapore to Piraeus DHT reports better rates in fourth quarter Goodbulk turns deficit to profit in third quarter Progress in vaccination of seafarers despite Covid-19 lockdowns Sohmen-Pao recommends carbon levy of a few dollars per tonne for shipping Poseidon Principles will likely raise its ambitions in the new year CMA CGM to acquire one of the largest port terminals in the US Danish politicians criticize lenient tonnage taxation of shipping majors like Maersk Dan-Bunkering case continues following claim of potential bias WSC warns the EU against rolling out regulations further than its regional scope Maersk Drilling CEO still keeping an eye out for a market with healthy rates Concordia Maritime suffers new major loss in weak 2021 Higher freight rates pull up Dorian in third quarter Euronav books another big deficit in "challenging" third quarter Norden narrows its guidance – expects a profit upwards of USD 200 million DHL raises guidance for full-year operating result by EUR 700 million What makes CMA CGM pay close to triple price for a port it sold only four years ago?Weak chemical tanker market drags Odfjell deeper into the red Rindbo and Norden confident in reasonable 2022 for dry bulk despite rate declines Chief legal officer warned Dan-Bunkering against sale of jet fuel to Russian customer Teekay Tankers affected by "historically weak" spot rates in third quarter New "first movers" coalition wants to push decarbonization ambitions further Low point for tanker in third quarter: "The worst is behind us"René Kofod-Olsen hopes the crew crisis will be a lesson for the industry Eagle Bulk surpasses its best annual result in just three months Suez Canal raises transit toll by 6 percent Noble Corp raises expectations despite red third quarter Decisive email from captain has disappeared in Dan-Bunkering case Aker group more valuable than ever About 75 ships waiting off the Port of Long Beach Borr Drilling reduces losses and bags more contracts in third quarter IMO's incompetence has created a void that others are now starting to fill DFDS sells ferry to new rival on English Channel route Carriers face difficult balancing act in energy transition China posts record trade surplus in October as exports surge Multipurpose rates keep soaring Shipping contributes to expected record year for the Stadil family Fredriksen buys stake in Norwegian wind service company Norway's new government maintains oil subsidy Chinese crude oil imports could end up a joker in tanker market US consumers drive container boom in strained freight market Tracking down PSVs in North Sea has proved challenging Scandlines orders carbon-neutral ferry Bladt, Semco win major US orders Maritime satellite giant acquired by Viasat in huge deal Creditors advance a new claim against Thor Stadil following shipping bankruptcy Rotterdam's digital port solution looks for strategic partners in growth plan Danaos sees red-hot container market continue unabated ABN Amro has sold shipping portfolio with 76 vessels to private equity firm Eneti launches USD 200 million share offering to fund newbuild Seaspan's owner continues on growth path in third quarter Prosafe's restructuring approved in Norway Prosecutor circled back to two decisive dates in questioning of Keld Demant: "I was told that we haven't done anything wrong"Svitzer and Maersk to develop methanol-powered tugboat Zeaborn's chief executive steps down Maersk Drilling merges with US-based Noble Concordia CEO hopes global oil inventories need replenishment soon HMM books record result in third quarter Maersk signs container freight deal with Vestas Transoceanic 'green corridors' could become reality within a few years Torm CEO looks forward to "double effect" in product tanker Bunker Holding's chief legal officer denies writing end user clause for Russian customer Maersk family left with a fifth of Noble following merger DSV exec after losing exclusive Vestas deal to Maersk: "Not the right deal for either of us"Biden invests billions in modernization of US ports Maersk Drilling and Noble eye major synergies in near future Hafnia buys Chemical Tankers Inc and adds 32 vessels to its fleet Hamburg's largest terminal upgrades full-year guidance BW Epic Kosan continues upward trajectory in third quarter "The entire industry is exhausted. Customers, carriers, ports"Bottlenecks affected freight volumes at DFDS in October Scorpio Tankers sinks deeper into the red in the third quarter Skov on Torm owner as new major shareholder of Hafnia: Will have no bearing on tanker consolidation Eimskip upgrades full-year forecast Celsius Shipping adds two large LNG tankers to orderbook NTG upgrades forecast again – expects revenue above USD 1 billion MAN Energy Solutions to supply four German product tankers with dual-fuel engines Hapag-Lloyd books "extraordinary" quarterly result – maintains full-year guidance DFDS and P&O Ferries being investigated by UK regulator Italian d'Amico books third quarter deficit Jan Dieleman: Without China's backing, it will be very difficult to make progress Merger of Maersk Drilling and Noble may push up rates in drilling market Belships reports growth in third quarter – forecasts sustained upturn Partially Maersk-owned Höegh Autoliners hopes to raise NOK 1 billion from listing Renewed PSV demand could bring back stacked vessels in North Sea market Major European terminal struggling with carriers' delays Booming container market keeping old vessels alive Oil declines as Biden faces mounting calls to release crude from US oil reserves COP26 outcome could strengthen Brussels' role in shipping's climate efforts Container rates are unlikely to normalize for another 2.5 years Shell seeks name change with new address Jinhui Shipping reports big growth in first nine months EU blacklisting could dampen shipping's appetite for Panama's ship registry Central Russian witnesses on both ends of fuel transaction snub Dan-Bunkering case Grieg Edge and Wärtsilä tap designer for their ammonia tanker Kim Ullman steps down as CEO of Concordia Maritime Maersk partners up with Grindrod for joint venture Major dry bulk segments hit by declining rates over the past month US ports postpone dwell fee on stranded containers Flex LNG raises expectations for fourth quarter EU presidency adjusts maritime FuelEU proposal South Korea's DSME reports growing deficit for third quarter Logistics operators look into an industry that "has gone upside down"OPEC expects oversupply in oil market as soon as December European nations give state aid to shipping without knowing the price Maersk to make "considerable investment" in European storage facilities Star Bulk more than doubles revenue in third quarter DFDS narrows full-year guidance after third quarter with higher costs Wärtsilä sets new financial targets Corrected: Maersk continues investigation into sexual assault claims Østergaard-Nielsen in phone tap recording: "We'll crash and burn in this case"Port of Los Angeles struggles to stay open 24/7 to process containers Container upturn extends shipowners' contracts by several years PIL expands with new Asian container route Dutch government attempts to keep Shell – revives exit tax DFDS' logistics acquisition led to months of uncertainty for employees Seadrill sets up new board of directors following extensive restructuring Hafnia suffers another deficit in third quarter due to weak tanker market Former Dan-Bunkering CEO: Bunker Holding was responsible for legality of fuel trades MPC Container Ships upgrades full-year guidance yet again UN warns higher container rates to hit consumers Media: EU to block major South Korean shipyard merger Zim books best quarterly result to date and raises expectations Eagle Bulk expands executive team with chief strategy officer Frontline rules out imminent large-scale consolidation: No merger talks with Euronav Höegh LNG reduces its deficit in the third quarter DP World "pushes" to make terminals climate neutral Habben Jansen hopes for quick solution in coming US labor negotiations: "In everyone's best interest"Former COO of Bunker Holding struggled to remember emails in Dan-Bunkering case 2020 Bulkers secures refinancing Union Bulk reports major profit in second year New CEO for Aker Offshore Wind leaves board of Maersk Supply Service Container rates increase marginally Green bonds secure funds for Maersk's new methanol vessels Dry bulk upturn continues on short routes in Europe CMA CGM's operating profit soars by more than 300 percent in the third quarter Firing Dorsman has left ECSA with a void Shippers faced with the most unstable container market in 23 years Yara presents autonomous container vessel after multiple delays Drewry regards Hafnia as well positioned for tanker recovery Hapag-Lloyd rules out strategic ventures into logistics Shareholders sue Höegh LNG for fraud MSC in strong appeal to the IMO: Please, please, please ... Do your job Svitzer converts ten ships to sail on biofuel Gas operators' joint venture ready to order two CO2 tankers Kuehne + Nagel lines up its next CEO 79 container ships waiting in line at Long Beach and Los Angeles Fee on containers dwelling in US ports postponed again Frontline sells four vessels to Fredriksen's shipowner Former Maersk and Hapag-Lloyd profile secures top position in China With a comfortable fleet size Gary Vogel is in no rush to acquire vessels Japan yields top spot on list of most valuable fleets Dry bulk could be headed into new phase following 12-month upturn Engine manufacturer aims to have green engines ready by 2024 New player enters the market for offshore wind MAN to supply the engines of ten new container ships for Seaspan Golden Ocean books third quarter profit of USD 195 million Number of AIS signals out of China plunges for November Scan Global maintains strong growth trajectory in third quarter Ziton lowers expectations after loss-making quarter Dramatic accident ends up as multi-million dollar expense at J. Lauritzen Ex-CFO of Bunker Holding was surprised by new jet fuel trades Trafigura calls it "entirely irresponsible" if IMO does not proceed with CO2 tax EU expects to make decision on merger of South Korean yards by Jan. 20 CMA CGM orders ten newbuilds Nordic American Tankers expects market to have hit bottom Shipowners with terminals discharge goods faster in the US Danish frigate kills four suspected pirates in Gulf of Guinea US west coast dockworkers reject contract extension, seek talks Asian container carriers beat European rivals on margins in hectic quarter Avance Gas recorded slight profit increase in third quarter Court rejects sending Dan-Bunkering case to EU for interpretation Maersk sees slight improvement in container traffic towards Chinese New Year Killing of suspected pirates in the Gulf of Guinea radically change the picture of the operation Hunter Group looking forward to "lucrative" period for major tankers Stocks, oil price decline on fear of new worrying Covid strain Irish ferry operator boosts presence in English Channel Container upswing gives PIL's creditors unexpectedly large gains Maersk, CMA, Cosco and HMM's earnings surged despite handling fewer containers Solstad Offshore has sold 24 vessels and reduces deficit Two Seadrill ships secure three-year contracts in Brazil One element of uncertainty makes Lars Barstad worried about tanker upswing 2023 is the next target in IMO's fight for shipping to reach net zero Container rates see biggest percentage jump in ten weeks Logjam of vessels waiting near Long Beach grows to 87 Maersk on climate session: "Sadly, the meeting has been quite disappointing"Seadrill sees need for further consolidation in offshore market Lasse Kristoffersen appointed new CEO of Wallenius Wilhelmsen Increased tanker scrapping makes Frontline confident in recovery Robert Bugbee: Torm, Norden and Hafnia could make new, powerful shipping giant 2022 will be another turbo-charged container year: Here are the key developments to watch out for Cadeler takes over 140 seafarers and reflags ships to Denmark Ørsted helped launch the Sea Cargo Charter – now the company has pulled out Norway and Sweden have no plans to send warships to Gulf of Guinea BP plans to establish large-scale green hydrogen production Noreco switches CEO: "We have underperformed substantially"Esbern Snare's detained pirate suspects could be tried in Nigeria, Ghana or Togo CMA CGM launches container discount for importers in Los Angeles and Long Beach Manufacturer drain in China could change the rules for Danish shipping The climate proved the deciding factor when Wallenius called up Lasse Kristoffersen Prosecutor seeks prison sentence and fine of DKK 400 million in Dan-Bunkering case Okeanis ends the third quarter with another deficit but pays dividend regardless Boskalis wins big role in establishing energy island in the North Sea X-Press Feeders orders eight methanol-powered container vessels Small companies feel strongly impacted by carriers' poor service Rates in long-term container contracts continued upswing in November 400 people risk being laid off at Seadrill PSA International acquires global logistics company Alphaliner: HMM set to go private in 2022 Mega profits fan criticism of container lines' favorable competition rules CMA CGM is alone among European carriers with discount scheme for US ports Maersk pays employees around USD 80 million in Christmas bonuses Tanker carriers are slowly coming in from the cold Defense in Dan-Bunkering case targets acquittal and criticizes DKK 400 million fine demand German utility RWE wins Danish offshore wind tender Thor Norden merges dry bulk and tanker in new structure Logistics companies face 12-percent growth in 2021 Improvement in global crew change crisis – new Covid variant prompts concern Maersk chair expects freight chaos to last until mid-2022 Marine transport without concrete targets in EU's global infrastructure plan Norden reshuffles management and dials up growth ambitions Skuld increases its insurance prices with minimum 10 percent Newbuild boom could mean end of container upswing in few years ECSA demands additional measures to fight pirates in Gulf of Guinea Oil extends gains after OPEC+ takes flexible stance on supply The tanker industry cautiously awaits more data on Omicron to conclude anything OECD downgrades growth forecast for global economy Eneti orders second wind service vessel for USD 326 million Ullman sees two main factors why the tanker market has not yet strengthened MSC could be one ship away from overtaking Maersk as world's largest container line Chinese virus restrictions put pressure on MAN Energy Solutions Omicron outbreak prompts Singapore to impose restrictions on seafarers Container rates set another record Hafnia flunks report from own company on abuse case involving intern 3i buys AMP out of Esvagt European climate chief supports call for action to IMO Several container routes saw ships improving reliability in 2021 Cadeler CEO eyes acquisition wave in offshore market: "There are opportunities for growth"Continued uncertainty in tanker market despite OPEC support Oldendorff and Synergy enter management agreement Eurotunnel accuses DFDS of unfair competition on English Channel Shipping lines ordered 238 LNG vessels this year so far High US demand seems unlikely to fall immediately Multipurpose rates continue to grow Analyst sees two wind carriers as especially well positioned for demand boom US ports once again postpone container dwell fee Torm sells nine tankers to Chinese leasing company Oil extends gains above USD 70 on signs Omicron concerns overdone Queue of vessels waiting near Long Beach still massive DSV pledges to reduce CO2 emissions from marine transport by 80 percent Bank estimates Esvagt worth more than USD 1 billion after ownership change Moody's expects cooler container and dry bulk markets in 2022 Agriculture coalition backs US reform act targeting container lines 3i seeks profit from US offshore wind boom with long-term Esvagt holding K Line to develop car carrier sailing on ammonia 2021 turned out "fantastic" for United Heavy Lift – next year bodes even better Bottlenecks have carriers dropping one in four port calls in Europe DHL extends contract with CEO Appel and names successor Reports of potential DB Schenker sale rampant ahead of government formation in Germany New report: EU's ETS proposal far from enough to ensure green transition in shipping Eurotunnel pleased with authorities investigating DFDS China imposes 14-day lockdown in district near Port of Ningbo Maersk unveils design of methanol vessels CMA CGM acquires US logistics company with a value of three billion dollar Container carriers only see limited effect from Biden's port measures Eneti reports deficit in light of dry bulk exit Maersk counts on deals with suppliers of green methanol in first half of 2022 Former Seadrill boss appointed CEO of Valaris Bimco appoints new chief analyst with roots at Maersk WSC says new Biden legislation will have no impact on chaotic container market Offshore carrier has replaced CEO and entire board in a few weeks Chevron Shipping joins Sea Cargo Charter Trafigura sets climate target for its ships Costamare expands fleet with order for container newbuilds and purchase of dry bulkers Negotiations on LNG as sustainable fuel at standstill Danfoss and Volvo Penta to collaborate on marine electrification The Swedish Club announces higher premiums for marine insurance John Fredriksen buys up again – this time in Valaris Container rates continue record surge Retrofitting necessary for meeting net-zero requirement Asian ports reject scores of vaccinated seafarers IMO expands council to include additional countries Japan's MOL gathers dry bulk business in one unit Women in shipping endure worse conditions than men, survey shows Media says EU to veto South Korean yard merger Dee4 Capital buys tanker priced at close to USD 40 million Longer contracts could impact rates among shippers Baltnav's low-profile bunker venture soon turning one Oaktree secures two seats on Hafnia board Seadrill lands 264-million-dollar contract in Brazil Search for two missing people halted after collision Much is at stake in Dan-Bunkering case: Conviction could plunge Bunker Holding into deep crisis Clarksons projects strong growth for car carriers in 2022 Sailor found deceased following collision in Baltic Sea – two seafarers arrested Danish frigate dispatched again in Guinea – aided container ship after attack Fee on stranded containers in US ports pushed back another week Women shed light on gender barriers in shipping: "I hope the severity has been made clear"Court issues prison sentence for CEO Demant and orders Bunker Holding to pay fine Analysts view Maersk and DSV as obvious buyers of German DB Schenker Oil steadies with OPEC demand forecast offset by Omicron Prosecutors pleased with Dan-Bunkering verdict Hempel reorganizes management Norwegian carrier in joint venture with British private equity fund Container line stocks rose by an average 140 percent this year OPEC confident in rising oil demand Marine insurers launch Poseidon Principles framework Convicted parties in Dan-Bunkering case say sentence is lesser than prosecutor demanded Western Bulk upgrades forecast again Prosafe expects significantly improved operating result in 2022 Verdict on Dan-Bunkering's sanction breach to be presented in 26 EU nations Falcon Maritime's managing director to assume new role APM Terminals affected by hacker attack on IT system Eastern Pacific and Golar form new LNG shipping company Zederkof to remain chair of IBIA despite Dan-Bunkering verdict Maersk enters four-year partnership with Unilever Past events spur carrier fears of port labor conflict in US Bunker sales decline in Singapore Norway's oil and gas sector expects rising investment level as of 2023 NTG's CEO of Air & Ocean reflects on chaotic year in logistics: "We've all been in the same boat"Peninsula bags major credit facility in Singapore More smaller ships straining container import at Port of Los Angeles Lower Chinese demand has bulk rates on the decline Maersk Drilling upgrades guidance for 2021 Eimskip offices searched on beaching suspicion Prosecutor demands British national taken into custody after collision Fredriksen's wealth grew by USD 3 billion this year Maersk Drilling CEO receives warning for verbally abusing subordinate Container rates beat record once again Skuld mulls partaking in new climate initiative Former Clinton Foundation advisor strongly advocates ammonia for shipping Stena Bulk to collaborate on carbon capture from ships Prosafe completes restructuring Maersk Tankers and BP run tests of biofuels Maersk Drilling and Aker BP extend collaboration by five years Analyst firm sees signs of worsening global bottlenecks Omicron concerns force oil prices further down Maersk Drilling has issued several warnings for inappropriate behavior Just under half of Poseidon banks meet the IMO’s target HMM tests biofuel on a container ship Battle for Maersk’s soul sends board member out in unusual defense of the company’s culture Semco opens new offshore wind business line The price of second-hand tankers is rising Heavy hitters on Østergaard’s board silent on Dan-Bunkering ruling Increase in bunker prices benefits carriers with scrubbers, says analyst firm Maersk Drilling presents profit ahead of Noble merger Judgement has created uncertainty amongst Bunker Holding collaborative partners Søren Toft and MSC enter the logistics battle with a bid for African business Eimskip raises expectations again for 2021 Kuehne+Nagel lands a contract with leading Danish brewery After four years of losses and crisis conversations, Prosafe believes in "significant improvement" in offshore Celsius orders two new LNG tankers Dry cargo rates on the short sea European routes continue to increase Maersk acquires LF Logistics in billion-dollar transaction Aker BP acquires Lundin’s oil and gas business Chinese stimulus plans raise oil demand forecast Fredriksen sells shares in Solstad Offshore Major investor targets fully CO2-neutral companies in portfolio from 2050 Brazilian carrier's board approves MSC takeover LF Logistics comes with an expensive price-tag for Maersk – doubled in value in just a few years US ports postpone dwell fees again despite an increase in stranded containers Maersk’s acquisition will open the door for an expansion offensive in both Asia and Europe Captain and first mate plead guilty in Mauritius oil disaster Greek shipping billionaire loses his case against DNB Solstad given state grant to upgrade ships to green technology Maersk refutes speculation about a possible purchase of DB Schenker Oil continues gain despite Omicron measures after US inventories fell beyond forecast Chaotic freight market has caused a “fundamental rethink” of logistics Demand for bunker oil is increasing but Omicron is lurking on the horizon Port of Rotterdam reaches milestone for container volumes Consultant: Use of LNG risks making ships unusable by 2040 Omicron and China's zero-covid policy have carriers walking a tightrope Skuld's deficit has grown over the past nine months Container rates set yet another record last week Oil edges lower as investors weigh demand risk from Omicron Stolt-Nielsen is open to listing tanker carrier in 2022 Toxic gases had M/V Cheshire's cargo exploding and made it rain fertilizer Container line reliability remains at a stable low Corona among crew members will prove costly for shipowners in 2022 Borr Drilling reaches "agreements in principle" with shipyards to defer billion-dollar debt Keppel to explore the implementation of ammonia bunkering in Singapore Eneti's subsidiary signs contract with Dutch marine contractor Drewry recommends investors hold on to their container shares Tanker carriers undermine own market with excessive optimism Color Line halts another ferry because of Omicron Container ships arriving on time is a far-off prospect, say analyst firms J. Lauritzen criticized in case of Cheshire wreck Media says new EU Commission bill to secure supply chains amid crises Ørsted eyes "huge potential" for wind projects in Baltic Sea Shipping must fight coal-fired power plants for green ammonia Singapore Maritime Foundation gets new chair and board members Captain and first officer sentenced to prison after grounding in Mauritius Convicted parties in Dan-Bunkering case will not appeal ruling DSV CCO says restrictions and inflation could change market in 2022 Natural gas shipments send prices down in Europe Shipping equities skyrocket on Oslo Stock Exchange in 2021 Bunker Holding lets Keld Demant stay as CEO despite prison sentence Container rates rising between Asia and US – expected to stay high in 2022 Special cargo rates out of China have gone above USD 70,000 per day Maersk's sale of MCI investigated by German authorities Erria acquires Mermaid Maritime Vietnam A.P. Møller Holding, DSV and Maersk behind the year's largest transactions in Denmark Frontline CEO predicts USD 85 barrel price on oil in 2022 This year's most read: DSV, Suez, DB Schenker, congestions, Maersk, CMA Professor: Dan-Bunkering case leaves questions as to CEO's responsibility Singapore's Ezion Holdings headed for liquidation US ports delay container dwell fee until January Gard sees major regional differences in ship groundings and collisions Borr Drilling secures capital for creditors through share emission Port of Rotterdam to secure green hydrogen from Tasmania Shippers should expect high container rates all the way into 2024 Herman Billung to be new CEO of 2020 Bulkers Oil prices rise ahead of year's first OPEC+ meeting Port of Los Angeles to impose dwell fee on empty containers Five things the maritime industry should watch out for in 2022 DFDS CEO wants politicians to speed up green energy expansion Multipurpose rates face continual growth in 2022 following a tripling last year EU Commission draft proposes counting gas and nuclear as green energy Price difference between heavy fuel and low-sulfur bunker oil increased in 2021 D'Amico secures refinancing from three banks Norwegian shelf to host 25 new projects with record cash flow this year Pension firm keeps oil companies on short leash: "Need a concrete plan for exiting oil"Valaris bags new contracts on jack-up rigs FMC investigates ONE and Wan Hai for use of fees Indonesian ban on coal export may result in a modest stir on the market Wärtsilä to supply 60 engines to 12 CMA CGM vessels Xeneta: Small shippers can only hope for lower spot rates in 2022 MAN fears losing market share in China on Covid restrictions Maritime technology company Navtor buys Ingenium Marine John Fredriksen drastically reduces stake in Solstad Offshore OPEC+ agrees to revive more output as market looks tighter Eagle Bulk replaces head of Singapore division DP World to build new container terminal in Senegal Two carriers above all profited from record-high rates in 2021 Kuehne+Nagel increases focus on Africa British freight association calls for investigation of container market Maersk employs procurer of green methanol Skuld joins Maersk center for green shipping Fewer ships are waiting off the US west coast Robert Bugbee sees Scorpio's abrupt dry bulk exit as the only right move LNG ship orders reached record heights in 2021 MSC has overtaken Maersk as the world's largest container carrier Seaspan completes financing of newbuild program for 70 ships Fredriksen increases stake in Valaris US needs to guard exports from supply-chain snarls, envoy says DFDS faces important decisions in order to launch "green" ship South Korean shipyards had best order year since 2013 Decision on the way: South Korea's major yard merger approaches conclusion World's largest coal port to be powered by renewable energy Risky MAN project with ammonia engine echoed in the market Deloitte regards Covid-19 as merely the first in a series of major disruptors in shipping Alleged pirates on Danish frigate to be released Injured alleged pirate has arrived in Denmark Oil set for third weekly advance as market tightens on outages Hafnia CEO expects product tanker to advance in 2022 DSV far along in GIL integration and open to new major acquisitions in 2022 Container rates set record for sixth week in a row Strained US ports face two "horrible" weeks following new coronavirus outbreak Insurance companies want to limit the number of boxes on container carriers Royal Arctic Line expands executive team Equinor makes new oil discovery Capacity challenges make DSV enlarge its air freight network Alleged pirate says Danish military shot first in Gulf of Guinea Oil surges on disruptions in Kazakhstan and Libya ECSA appoints new president 2022 looks set to be worse for shippers than 2021 Minor shareholders could block DOF's restructuring Dramatic accident on M/V Cheshire prompts tighter regulation on fertilizer cargoes Maersk uses option to add four methanol ships to orderbook Bimco urges African countries to prosecute alleged pirates Shipbroker Simpson Spence Young opens office in Athens DSV CEO calls Maersk and MSC's entry into logistics "inconsequential"Another famous European shipping family loses control of company Congestion grows at Europe's major container ports Economists eye signs of stagnating freight prices Zeronorth acquires US online bunker trading platform Governor of California to invest USD 2.3bn in state ports EU block of South Korean yard merger may be approaching Tanker and LPG carriers underachieved on Oslo Stock Exchange in 2021 Zeronorth has 2,600 ships on board and aims to raise new capital within first half-year ONE ship has lost "a number" of containers on the way to New York Søren Toft: The green transition is going to cost and there is no point in denying it Maersk eyes major Chinese port Ningbo with concern Oldendorff ship tests biofuel from Australia to Vietnam Maersk alters climate target – plans climate neutrality for 2040 Wilhelmsen company buys into tanker operator Blue Water Shipping ramps up in the Middle East DSV's new initiative to tackle "relatively heavy amount of carbon emission"MSC has spent more than USD 4bn on ships since 2020 Former Damco exec to be CEO of merged logistics company Ørsted buys into methanol project, pushing green transformation for shipping Monjasa recruits new CFO from own ranks Maersk on new climate target: Can get to the finish line "if we challenge ourselves"Fewer sailors stranded on ships after contracts expire German shipyard has collapsed and 2,000 employees need payment Oil prices slide on Omicron fears and increased gasoline stockpiles Researcher and NGO commend Maersk's new climate targets but call for more action Maritime piracy hits lowest level in 28 years Congestion is growing at world’s biggest port Key EU lawmaker seeks changes to carbon trading extension EU rejects merger of yard majors DSME and HHI NGO: 25 million tonnes of CO2 exempt from EU's carbon price for shipping Maersk Tankers to focus on commercial management with new strategy Clarksons: Shipping had its best year in 2021 since 2008 Port of Hamburg to use drones for increased efficiency South Korean merger stranded on European fear of expensive tankers Maersk upgrades full-year 2021 guidance once again ONE vessel lost 60 containers Klaveness names new CEO Container rates decrease for the first time in ten weeks New report lists world's five leading maritime cities Maersk leaves central part of green transformation to market forces Keld R. Demant steps down from food company board after Dan-Bunkering ruling Seven Seas appoints a new CEO Extreme weather in South America prompts disruptions to dry bulk export Norwegian authorities have no objections to Maersk Drilling merger Record number of ships passed through Suez in 2021 Singapore names its biggest bunker suppliers Ørsted wants Maersk as customer in green methanol project Flexport's head of Europe to step down MPC orders four methanol-ready container ships Torm moves climate goal forward by five years to 2025 Asset manager strengthens maritime and offshore business with new team European shipowners only partially support the proposed changes to ETS directive Capesize vessels now sailing below break-even point Brent oil climbs to 2014 high as geopolitical unrest returns Number of armed assaults on ships in Asia decreased in 2021 Cargill and Klaveness consider Sea Cargo Charter successful despite lack of support Climate coalition says carbon tax necessary for shipping's green transformation Torm wants ships sailing on green fuels no later than 2030 HMM, Maersk company and 21 carriers fined for illegal price fixing Global fleet of crude and product tankers grew only modestly in 2021 NYK and Knutsen collaborate on transport of liquefied CO2 Maersk Tankers CEO sees no reason to merge tanker carriers Danaos secures charter deals for almost USD 900m Unifeeder buys climate neutral towage service on the Thames Shipping bank positive on container outlook despite warnings of looming over-capacity Line of ships outside Long Beach and Los Angeles continues Historically low scrapping of container ships in second half of 2021 Investors say IMO's climate target far from enough: "There'll be a dialog on tightening up"Exxon commits to climate neutrality by 2050 Bawat targets Stockholm listing to raise fresh capital IEA notes tighter oil market, with demand standing firm against Omicron Equinor handed substantial fine for Heimdal gas explosion MPC Container Ships bags multi-year charter deals at "strong rates"Suppliers ready for giant order from Ukrainian navy after state guarantee Record orders for container newbuilds in 2021 – bank downplays fear of price war Hafnia in talks to buy 12 ships from Scorpio Tankers Shipowners ordered more wind installation ships in 2021 than ever before DFDS hit by union dispute in France Crisis-stricken German yard up for sale Tanker scrapping on the rise as carriers await rally Shipping industry silent on EU's "bold" no to South Korean yards Maersk's venture branch invests in British logistics platform Golar and Eastern Pacific put price on new gas carrier DHL expects continuation of high freight rates in 2022 Scrap buyer threatens critical media with legal action Prosafe reports best fleet utilization since 2015 Container rates decrease for second week in a row Seadrill subsidiary emerges from Chapter 11 Höegh Autoliners upgrades full-year guidance Seadrill subsidiary emerges from Chapter 11 One of China's busiest ports jammed by Covid Hafnia could face difficulties financing major acquisition from biggest rival "Fossil" ships to be part of Norden's fleet for many years to come Several factors explain the plummeting dry bulk rates Lundin Energy writes up oil reserves to 639 million barrels Oil prices up on fear of tensions in Eastern Europe Freight volumes set record at Port of Los Angeles in 2021 Maersk Product Tankers expects 2022 to be "not an amazing year"MPC Container Ships board member resigns Shippers under pressure from high container rates, losing buying power OOCL doubles revenue despite significant drop in volumes Golden Ocean CEO believes in "extremely lucrative" year for dry cargo despite plummeting rates Container lines criticize changes to EU's ETS proposal for shipping DHT Holdings goes from two CEOs to one Researcher criticizes TotalEnergies' fuel report MSC, Lufthansa mull acquiring Italian state aviation firm Union dispute in France forcing DFDS to keep freight route closed Growth prompts OSM to send 150 managers on a leadership course Maersk Supply launches charging venture, targets upwards of 100 ports over five years Norwegian asset manager procures USD 110m for shipping investment fund Container lines stand to have earned USD 190bn in 2021 Emissions from global shipping continued to grow in 2021 Maersk Broker hires new CFO First dry bulk shipping company issues ban against coal transportation 11 workers hit by accidents at Asian beaching yards in Q4 Acquisition of Brazilian carrier cements MSC's position as world's largest player PIL close to ordering four 14,000-teu container ships Charter rates for available container ships soar to new heights Shipping fights for billions of dollars from yet another fund Euronav gains millions from finished leaseback agreement Stolt-Nielsen CEO to step down 2020 Bulkers ends golden year with strong Q4 Former Aker boss reviews new wind endeavor: Had hoped we'd come further Maersk to soon finish its report on sexual assault claims Suez Canal to be expanded following Ever Given accident Analyst expects record-high dividend from Maersk Borr Drilling has debt agreement approved Intelligence service warns shipping against cyber attacks due to the Ukraine crisis Container business counterbalanced poor tanker market for Stolt-Nielsen Subsea 7 lands big contract in the Gulf of Mexico Container reliability hit new low at the end of 2021 MSC reroutes vessels to protect sperm whales DNB Markets says oil price could hit USD 100 a barrel Cadeler secures two new deals Scorpio Tankers sells 14 ships – Hafnia confirms buying 12 Blue Water Shipping expands top management Wärtsilä improved both order intake and operations in 2021 Lauritzen Bulkers lands significant profit following ten years of deficits Port of Hamburg completes Elbe expansion, allowing larger ships to enter Maersk, TotalEnergies clash with Danish tax ministry over billion-dollar sum Scan Global wants to enter at least four new markets in 2022 Container rates drop for third week in a row Oaktree completes sale of Chemical Tankers Inc to Hafnia It took three top execs and a historical surge to make J. Lauritzen profitable again Norwegian shipowners fear Ukraine crisis could expose shipping to cyber warfare Capesize rates soar again on the dry bulk market Maersk part of large-scale green corridor collaboration on Pacific Ocean Shell's RE exec steps down after less than two years Odfjell CEO Kristian Mørch wants action to back customers' green ambitions Maersk drops 750 boxes in ocean, customers seek damages Number of non-alliance Pacific Ocean carriers has doubled Svitzer bags long-term LNG contract in Australia Tanker fleet sale pulls Scorpio Tankers out of liquidity problems Wärtsilä expects ammonia engine sales to speed up after 2023 CMA CGM adds last-mile delivery to logistics business with new acquisition ONE multiplies quarterly profit by five despite lower volumes Hapag-Lloyd lands "extraordinarily strong" result for 2021 Zeronorth recruits Maersk Broker Advisory profile Mærsk zero-carbon center joins Maersk Broker and McKinsey to advise on green transition Edda Wind expands fleet of wind service vessels CEO Jakob Stausholm apologizes for sexual harassment at mining firm Rio Tinto New Seven Seas CEO replaces clean-up with "aggressive expansion plans"Container lines' billion dollar profits could backfire among their customers Eneti halts negotiations with yard for large wind installation vessel order Former Scandlines CEO joins Esvagt's board of directors Carriers ordered twice as mush new tonnage in 2021 Majority of scrap-ready ships ended up at beaches in Bangladesh, India and Pakistan in 2021 German shipping bank excludes loans to the oil sector Purchase and sale of container ships broke all records in 2021 – spearheaded by MSC Alfa Laval expects increasing demand in 2022 Venture between Maersk Tankers, Cargill and Mitsui signs first customers NGO criticizes Port of Rotterdam – fifth largest industrial polluter in Europe EU may be opening up regarding shipbreaking in South East Asia D'Amico to launch biofuel in tanker fleet to reduce emissions WTO chief: Container market bottlenecks marginalize developing countries EU moves closer to labeling natural gas as sustainable CMA CGM froze spot rates at their highest 2021 was Celsius Shipping's busiest year ever Maersk Tankers drops individual bonuses to promote diversity Concordia writes down fleet value by almost USD 30m Euronav presents large deficit for 2021 – Omicron delays recovery Lawyers see more pressure on shipping from EU's new ETS rules Fred. Olsen Windcarrier to seek Oslo IPO Hugo De Stoop and Euronav balance on a razor's edge in "horrible" tanker market Dorian optimistic about the year after decline towards the end of 2021 Maersk container ship grounded in the North Sea Trafigura joins partnership to produce green ammonia in Norway Maersk container ship towed free after running aground in North Sea Svanehøj establishes in France with close to 40 employees Maersk criticized for leaving out black carbon from climate accounts Nordic banks sell last offshore ships from Hermitage Large-scale partnership to produce green fuel two years ahead of schedule Senate presents proposal for new US shipping legislation Suez Canal had the best January in "several decades"Shipping companies ordered 40 LNG-fueled ships in January Hamburg Süd's long goodbye to Willy Brandt Strasse Norway's shipowner association recommends members to inform of black carbon Oil terminals in key European fuel hubs hit by cyber attacks Container volumes went down in december S&P upgrades Hapag-Lloyd's rating after record profit Poseidon Principles aims to raise ambitions very soon Dan-Unity CO2 partners with Aker on carbon transport Maersk investor skeptical toward CEO Søren Skou's logistics ambitions Correcting poor reliability will take container lines at least eight months High fuel prices may increase shippers' financial headache Norvic Shipping optimistic about 2022 after "best year ever"Shipowner received prison sentence in Norwegian shipbreaking case – now appeal case begins Media: Private equity firms prepare DB Schenker offer John Fredriksen to acquire rest of Northern Drilling DFDS forecasts result increase to USD 675m in 2022 Analysts see three main themes for DSV in 2022 Concordia Maritime looks to convert tankers into container vessels Maersk-owned company sold weapons to countries engaged in civil war DHT points to three factors that spur cautious optimism for 2022 Hapag-Lloyd CEO is skeptical toward competitors' aviation ventures Maersk fires five employees after investigation into assault case Shipowner Danaos reports "phenomenal" 2021 Rejection is small bump in the road for Maersk's methanol plans DSV expects to secure EBIT approaching USD 3bn in 2022 Maersk expects new major profit for 2022 Maersk makes new acquisition – buys Pilot Freight Services Equinor turned business around in 2021 Odfjell presents positive Q4 results in an otherwise disappointing year DFDS' 2022 earnings to soar on Dutch acquisition Media: Owner to sell Scan Global Logistics Maersk moves more customers to long-term contracts – will bring major added income in 2022 Chinese carrier to seek Hong Kong IPO DSV sees stagnant growth within sea freight Queue outside Long Beach slightly shorter – like the same time last year Eastern Pacific Shipping invests in nine start-ups Norden implements restricted share program for management Skou would rather pay too much for acquisitions than taking over cheap turnaround companies DSV has no issue with carriers' capacity: "It's good to be big"Hapag-Lloyd does not regret failed merger with Hamburg Süd Danish Shipping says EU's green maritime initiatives clash with one another Container CEOs lay out six "critical pathways" to reach climate targets Concordia Maritime books new major deficit Lack of projects keeps Aker Offshore Wind in the red Maersk to fight ship delays: "Have to do something about it this year"Maersk Drilling presents 2021 profit of USD 291m Solstad Offshore close to ship sale end goal Höegh Autoliners secures major profit following IPO Esvagt vessel to help close well in the North Sea Hamburg Commercial Bank advanced in 2021, expects further growth this year Prosafe ends year in recovery prompted by crisis plan Robert Bugbee maintains confidence in impending tanker market turnaround More than a third of DSV employees are women – but the top is dominated by men Anne Brown Frandsen is one of few female shipping executives: "It was important for me to ensure my voice was heard"Maersk Drilling merger means farewell to roughly 500 employees Law firm opens office in Denmark with former Gorrissen Federspiel profile "Mismatch" forced Eneti to call off major installation vessel order HMM records its largest profit ever – expects higher bunker prices in 2022 Oil extends eight-week rally on intensifying Ukraine tensions Fred. Olsen Windcarrier sets Oslo IPO stock price Klaveness Marine invests in six LNG vessels Scorpio Tankers lost USD 234m in 2021 Scan Global seeks to measure up to world-leading logistics companies More ships will increase pressure on route across the Pacific Ocean CMA CGM to stop sailing plastic waste Robert Mærsk Uggla takes over as Maersk chair GC Rieber bags USD 20m in profit following divestment BW Offshore writes down fleet value by USD 90.4m Important Black Sea container port facing impact from Ukraine crisis DCSA announces trade alliance with major industry players Alliance with ONE and Hapag-Lloyd makes network adjustments to better port coverage MSC and Maersk's 2M alliance halts cooperation with South Korean carrier Snabe's legacy: The digital reformer steps down with Maersk's share peaking Ardmore books new deficit despite recovery signs Robert Uggla's path to Maersk's top: Three central pillars for the new chairman Robert Uggla on family's comeback in Maersk top: "It's advantageous to have a visible owner"Golden Ocean bags half-billion-dollar profit in best year to date NGO warns: One in four ships to sail on LNG by 2030 due to EU climate policy Deutsche Bahn said to start preparing Schenker sale Lauritzen Bulkers fears sanctions in case of Ukraine crisis escalation Borr Drilling expects progress in 2022 after new major loss Q4 record profit ends golden 2021 for Flex LNG Container ships remain heavily delayed Golden Ocean now ready to reel in profits in "mature" dry bulk market Hot container market boosts HHLA's profit more than expected Famous shipping family buys back into Euronav Frontline CEO after 2021 loss: Q4 gave some relief Edda Wind's order book swells with nine newbuilds underway Noble Corp. expects improving offshore market Eneti secures loan of USD 175m Star Bulk booked USD 300m in golden end to 2021 for dry bulk Seaspan owner expects new record year after major 2021 profit Departing Maersk chair: Sustainability to be the main task for Robert Uggla Ship fires and lost containers to raise carriers' insurance premiums Maersk, DSV and Deutsche Post fail to get pension provider's climate stamp Nordea announces "full exit" from offshore industry CMA CGM gets ten-year concession on Beirut container terminal FBI and federal antitrust authority looking into foul play on freight market Western Bulk expects quieter 2022 following record year Large RoRo vessel on fire and adrift in the Atlantic Søren Skou warns of new logistics chaos: "If it ends in strike, then it all shuts down"Eimskip presents biggest profit ever Wrist acquires supply company located at the Panama Canal Maersk chair departs board of German insurance giant due to fear of 'overboarding'Ukraine conflict has Denmark calling frigate home from piracy mission Container rates dropped for fifth week in a row Bunker Holding enters biofuel partnership with US firm Oil, gold cede gains on prospects for Biden-Putin Ukraine summit Owner has reopened Desmi sale efforts Maersk lost 962 containers at sea in 2021: "Far above the norm"Oldendorff, HMM and Maersk Tankers test biofuels – great uncertainty regarding supplies British logistics firm looks set to be overtaken by GXO Logistics Millions of empty containers will pile up once hectic market subsides Forwarders urge EU to act against shipping lines EU's carbon quotas may increase cost of modern supertanker trips significantly Frontline, Euronav and DHT warn of "ghost ship" tripling Deadly Nigerian oil-blast ship has peers all over the world Shipping prepares for Ukraine crisis escalation ONE vessel lost 60 containers – case now growing Impairment brought BW Epic Kosan into the red in Q4 EU rejects cartel charges against carriers Fred. Olsen Windcarrier puts IPO on hold Ten passengers missing after fire on Grimaldi ferry Seadrill could exit Chapter 11 in few days Ship manager fears consequences for Ukrainian seafarers EU agrees on sanctions against Russia Wärtsilä to advise Solstad on carbon reduction Biden ups Russia sanctions, calls Ukraine invasion underway Seadrill declares US Chapter 11 closed Valaris optimistic as drilling firms eye market opportunities Several ships directly affected by Biden's Russia sanctions EU looks to Asia and Africa for deals to secure gas supply Semco Maritime to hire more than 200 staff for oil business Customers initiate class-action suit against Wallenius Wilhelmsen German government parties: DB Schenker ought to be sold Chinese and US ports increased container volumes significantly in 2021 Lauritzen Bulkers expects profit up to USD 50m in 2022 Flexport: Ukraine conflict prompts big risk to supply chains Russia launches attack on Ukraine – will lead to hard sanctions EU to launch harshest sanctions ever Ukraine crisis prompts bunker market insecurity MPC Container Ships lands its best annual result From pipes to ports, these are Ukraine’s key commodity sites DSV furloughs Ukraine employees, pays two months' salary Norden enters port logistics with million-dollar investment Carriers urged to stay away from the Black Sea after attack on Ukraine Anglo-Eastern ready to withdraw operations from Ukraine Sanctions on Russian oil could have "big impact" on tanker market, Frontline CEO says Hapag-Lloyd and Maersk close Ukraine offices HHLA closes terminal in Odessa – DB Schenker halts Ukrainian activities New sanctions imposed on Russia EU draws transportation sector in as part of sanctions package Russian energy sector, banks hit by EU sanctions – big changes for shipping Key Russian oil shipping rate triples after Ukraine invasion Container rates keep diving Pacific Basin eyes strong market continuing beyond 2022 Cargill says ship it chartered was hit while in Ukraine's waters Scan Global: Sanctions make customers cancel orders going to Russia, Ukraine Dry bulk carriers halting ships – Norden has two vessels lying in Ukrainian ports Dof continues to negotiate with lenders following loss One topic dominates when shippers and container carriers assemble next week Goldman says demand destruction only thing that can restrain oil Analyst firm predicts queue to increase outside US west coast following dive Foreign affairs minister says efforts underway to close EU ports for Russian ships Logistics firm Expeditors struggles with cyber attack Equinor and BP to start exiting Russian ventures Climate council forecasts green methanol could be in short supply Insurance costs increase for shipping activity in the Black Sea Suez Canal to increase transit fees Companies halt or consider suspending business with Russia Italian frigate to replace Esbern Snare in Gulf of Guinea ONE CEO doubts effect of new container ships in 2024 P&O Maritime modifies vessels to reap benefits of container market Amplify blames shipowners for California oil spill in suit Biden in attack on container alliances: Price increases threaten our national security Shell also pulls out of Russia Maersk halts bookings in Russia DB Schenker sees climate requirements eat growing capacity on container market Ukraine invasion affects transport firms' Russian activities Maersk, MSC discuss future of 2M alliance First LNG cargo shipped from new US terminal as demand soars MSC suspends freight to and from Russia Expeditors reports progress after cyber attack Shippers call Joe Biden's attack on container lines "dynamite"Lauritzen Bulkers and Klaveness call off Russian trade Major container lines halt trade with Russia – Cosco remains silent Kuehne+Nagel after "remarkably strong" result: Russian invasion triggers uncertainty DFDS and Torm suspend transport to Russia Torm books USD 40.8m deficit for 2021 after small advancement at year's end Box carriers prepare for harsher sanctions against Russia Hempel boosts revenue through organic growth and acquisitions DSV keeps Russian activities open Arrow after Ukraine invasion: Surging oil prices could cause "demand destruction"Torm sees tanker rates out of Russian ports multiplied by ten: "We stay away from such trades"Halting Russia activities prompts delays throughout Maersk's supply chain MAN invests up to EUR 500m in green hydrogen production XO Shipping makes management change Kuehne+Nagel sees limited impact on business from Ukraine invasion Decision in Norwegian shipbreaking case expected to arrive later in March Major European ports reject Russian cargo Norden ups guidance for 2022 following record result Biden's container intervention resembles political nationalism, says analyst Corrected: DB Schenker suspends transports to and from Russia – DSV follows suit Wintershall Dea records heavy loss for Nord Stream 2 Monjasa suspends bunker activities in Russia Subsea 7 turned loss into profit in 2021 Media: Freight ship has sunk outside Odesa due to mine Anglo-Eastern has offered to evacuate families of Ukrainian staff Wrist Ship Supply reshuffles Singapore management Environmental organizations urge EU to drop Russian oil and gas entirely Bunker Holding halts deliveries and has "tightened surveillance of ships with departure from or destination in Russia"Eagle Bulk secures profit of USD 185m for 2021 Maersk halts all Russian and most Belarusian bookings Rindbo on halting Russia business: It was about sending a clear signal to the regime EU currently quiet despite Biden's container alliance offensive Kuehne+Nagel on chaotic freight market: "No sign of relief"Blue Ocean Capital buys Dutch logistics firm Media: Vestas prepared to take legal action against DSV on overpricing More than a thousand seafarers stranded on ships near Ukraine Port closures gather momentum: Rotterdam could be on the table PIL orders four new LNG container vessels CMA CGM multiplied results in 2021 – Ukraine crisis creates ambiguity this year Petrobras Chairman to step down - government appoints Landim FedEx halts service in Russia, UPS continues local delivery DFDS reopens conflict-stricken freight route after two-month shutdown Scan Global suspends transport to Russia and Belarus NTG has also suspended transports to and from Russia and Belarus Ukraine invasion could increase costs in container shipping by USD 7bn a year Expeditors still struggles with IT systems after cyber attack DNB pledges long-term commitment to oil customers after Nordea's "full exit"Multipurpose rates tripled in one year Shipowners jammed if charterers demand transport to Russia Hapag-Lloyd warns against cybercriminals Clipper expands senior management team Russian control of Odesa and Mariupol could be a "complete disaster" for seafarers Jens Martin Jensen joins two Fredriksen boards Maersk cancels ESG day because of war in Ukraine Ultrabulk doubled revenue in the record year 2021 Golden Ocean sells three ships Stolt-Nielsen buys into major competitor Odfjell in surprise move Container carriers' reliability reaches new low Biden set to ban US imports of Russian oil as soon as today CEO of Ukrainian logistics firm: "The situation is pretty rough in our region"EU Commission proposes complete phase out of Russian oil and gas by 2030 US and UK ban Russia oil imports, squeezing Putin on war 2021 a record year for DHL: Ukraine war prompts uncertainty on 2022 Ban against Russian oil and gas affects shipping on several fronts Norwegian oil and gas lobby to change name Maersk and MSC have sent the most capacity onto the Pacific Ocean Norwegian shipowners have markedly fewer vessels in layup Former Frontline CEO set to become board member of Norden Russia's war on Ukraine casts dark shadow on DHL's record results Swire Pacific Offshore Holdings sold to Tidewater Ukrainian crew members questioned by Russian authorities Container carriers intend to pass on increasing fuel bill German port company brings families of Ukrainian employees to Hamburg Zim expects even stronger 2022 Lars Barstad: Lift of Iranian sanctions could fill the Russian oil void Torm's CEO: Import ban on Russian oil may increase tonne-mile and rates Falcon Maritime turned loss into major gain in 2021 NTG sees marked advance in Q4, expects significant top-line growth in 2022 Maersk lands six partnerships on supply of methanol War in Ukraine puts shipping’s recovery in jeopardy Germany wants to build LNG terminal in Schleswig-Holstein immediately EU launches sanctions on Russian classification firm in shipping Hapag-Lloyd expects expensive oil to take the top off carriers' sky-high profits Lloyd’s Register halts business with Russian companies Shipping companies ask crew to abandon ships stuck in Ukraine Floating offshore wind could have a far bigger share of the wind industry by 2030 Global Maritime Forum moves to New York in 2022 Container rates drop for the eighth week in a row Port closures no longer part of European sanctions procedure Cosco expects to have multiplied profits in 2021 Will Niels Stolt-Nielsen be able to convince Laurence Odfjell about a merger?Viking Life-Saving Equipment bags record result and is optimistic for 2022 Hapag-Lloyd renews contract with Habben Jansen Maersk opts to sell all shares in Russian firm Global Ports Ports in Long Beach and Los Angeles struggle to implement three-shift schedules Maersk on sale of stake in Russia's Global Ports: Will realistically take months Oil resumes slide after wild week with focus on Ukraine talks Costamare strongly advances driven by container and dry bulk HMM names new CEO Low tonnage tax a huge advantage to Maersk, Hapag-Lloyd, CMA CGM New chair at Maersk: Uggla must uphold family legacy in a world in crisis EU targets Russian elite and central industries in fourth sanctions package Who wants to buy a terminal company in Russia?Celsius ship has recently loaded oil at Russian port Big pension provider votes against bonus scheme for Maersk execs Climate change has already cost shipping billions every year Tanker companies only ordered 11 new ships this year Kristian Mørch to step down as Odfjell's CEO Another Evergreen vessel runs aground one year after Suez blockage New Covid lockdowns in China may increase supply chain tensions Oil extends slump below USD 100 with retreat gathering momentum Avance Gas CEO and chair step down with immediate effect Hafnia faces highly unpredictable situation after 2021 loss Equinor stops trading Russian oil Maersk Tankers ship lies in Ukrainian port – main part of crew evacuated Merger turns P&I clubs into major global insurance player Maersk Tankers turns down new Russian cargo – yet seven ships have called at Russian ports since invasion Robert Uggla on Maersk's transformation: "Will take many years"Maersk urged to provide more information on acquisitions Maersk Drilling bags USD 17m contract in British North Sea EU bans trade with Russia's largest carrier Record profits improve container carriers' credit ratings Ørsted explains how it will supply Maersk's annual 300,000 tonnes of green methanol from 2025 Nautilus Labs bags USD 34m in funding to increase global footprint Family ties are Odfjell's best defense against Stolt-Nielsen acquisition New head of Maersk Broker's advisory business Sovcomflot faces political storm after weak 2021 String of oligarchs resign from company with stake in North Sea venture Seaspan extends charter deals on 18 container ships Russian, Ukrainian seafarers work together at Essberger Tankers Oil edges higher after three-day slide as volatility continues Skuld examines sanctions against Sovcomflot: Insures a big part of the fleet IEA sees Russian oil output slumping by a quarter next month Monjasa opens Shanghai office Essberger Tankers landed black figures in 2021 – Ukraine war prompts uncertainty UK’s P&O Ferries slashes 800 jobs in bid to reverse losses Gard on sanctions against Russian customers: "A complex and changeable situation"Hapag-Lloyd warns more container ships could be hit by Covid shutdown in China International labor union criticizes Svitzer and Maersk Hans-Christian Olesen appointed as new Ultrabulk CEO Maersk Drilling and Noble sets new management team P&O is severely criticized after mass layoffs Nordic minister warns the age of LNG-fueled ships is over Xi signals tweaks to Covid strategy as economy under strain While competitors suspend new Russian business, Scorpio Tankers is silent DFDS continues collaboration with P&O – has room for extra traffic Top Danish shipping positions filled by men – women represent just one in five OECD: Ukraine war limits global growth SDK Shipping under scrutiny for reloading Russian oil in Danish waters Oil rallies as war in Ukraine drags on, Mideast tensions climb Martin Fruergaard sees multi-year upturn ahead for Pacific Basin British minister deems P&O Ferries' treatment of staff "awful"Maersk warns against halting plastic waste transports Golden Ocean had a female CEO as one of few – now there are only men at the top Ports around the world struggle with bottlenecks Most container vessels scrape the bottom of new CO2-regulation Norwegian gas sector holds climate minister to be misinformed on LNG This is your shipping calendar for June 2022 This is your shipping calendar for July 2022 Saudi Aramco doubled both net profit and free cash flow last year This is your shipping calendar for August 2022 This is your shipping calendar for September 2022 This is your shipping calendar for October 2022 This is your shipping calendar for November 2022 This is your shipping calendar for December 2022 Earthquake forces Equinor to close oil field Danfoss' marine business triples employee count in three years, grows sales for ships US notes big fall in Russian oil sales Scan Global extends suspension of transport to Russia, Belarus "until further notice"Lauritzen Bulkers refuses Russian customers – but fears counterclaims Labor union accuses P&O of paying new staff less than GBP 2 per hour PSA International had record year in 2021 IKEA and Unilever want tightened maritime climate rules from EU Supreme Court of Denmark rejects major claim in OW Bunker bankruptcy estate SDK has "a maximum of two operations" with Russian oil left Norwegian court maintains prison sentence against shipowner in scrapping case TotalEnergies stops buying oil from Russia MAN and DNV form three-year maritime partnership D'Amico has no plans for bulk expansion despite years-long upturn Ten container carriers' operating profit surpassed USD 100m in 2021 NATO summit could set off oil price fluctuations One year after Ever Given, Evergreen still struggles with grounded ship in US ONE plans to invest USD 20bn by 2030 Maersk downplays Covid lockdowns in China: Ports operating "pretty smoothly" Suez Canal once again ups prices noticeably P&O sacking of 800 employees is no surprise, according to analyst firm GC Rieber winds up its Russian business Maersk to fight uncertainty through scenario-based planning Shipping companies pay USD 3m on average in ransom to hackers DSV, Maersk weigh heavy on investor ATP's climate accounting Spot rates for container freight above contract market on all routes but one Ukraine war prompts great uncertainty for HHLA P&O accused of violating law with mass layoffs Hafnia on Russia business: "We uphold guidelines to the letter"Maersk ship drops around 90 containers in "very serious incident"Unions and ship managers offer aid to Ukrainian seafarers Oil fluctuates as traders weigh threats to Russian energy flows UK follows EU lead, bans trade with Sovcomflot Seadrill reshuffles management again – replaces CEO with immediate effect Major shareholder sells stock in MPC Container Ships European Energy will need major sum to realize Maersk methanol deal Maersk rumored to be behind large-scale wind turbine installation vessel at Singapore yard Unions accuse Svitzer CEO of ignoring Australian employees Container rates drop for tenth week in a row British transport secretary on criticized P&O chief: "He should go"Wallem Ship Management appoints new managing director Russian tankers going dark raises flags on sanctions evasion P&O ship detained in Northern Ireland following staff trouble Hitherto biggest lockdown in China threatens rates, putting pressure on supply chains Oil prices dip on Shanghai lockdown EU's carbon quota system could lead ships to avoid EU ports, warns Rotterdam 450 companies withdraw from Russia – several within shipping Norwegian Shipowners' Association wants clarity on sanctions against Russia Svitzer rejects union criticism regarding Australian employees Seaspan to expand container business with new activities Shanghai lockdown could worsen – but comes at fortunate time Maersk's blockchain venture Tradelens appoints new CEO Global supply lines brace for "menacing" economic storm to widen Maersk Supply Service confirms major investment in wind installation ship Maersk and Egypt to produce green fuels by the Suez Canal Cadeler books first profit in five years – expects doubling in 2022 Tor Olav Trøim was one of three reasons Herman Billung switched to 2020 Bulkers Ukraine war has sent tanker carriers into unknown waters Hafnia divests eight tankers British minister to force P&O to re-hire slashed ferry personnel Maersk, CMA CGM warn of delays during Shanghai lockdown Court rules in favor of Maersk, TotalEnergies in major tax case against Danish ministry XO Shipping lands biggest profit yet by far Maersk Supply Service banks big on US offshore wind with major investment NTG lands its biggest acquisition to date German carriers request clarity on sanctions against Russia Shipowners selling container vessels at record pace Maersk's offshore wind entry is seal of approval for the industry, say competitors Ukraine war keeps red-hot LNG market up in 2022 DHL expands air freight capacity with five planes Ukraine war keeps red-hot LNG market up in 2022 First ports declare readiness for green corridors in Northern Europe McKinsey heralds bad news for shippers – normalization could be delayed until 2024 Maersk redirects ships in China to stay on schedule Fresh numbers show signs of improvement to container reliability G2 Ocean adds USD 100m to earnings, targets net-zero emissions Biden mulls increasing oil supply to dampen price hike UK minister to target P&O with new minimum wage bill 1,000 seafarers remain stranded in Ukraine and have trouble securing food Close to a doubling of climate-friendly projects in shipping DB Schenker increased revenue by 32.7 percent in 2021 Prices on long-term container contracts have doubled in a year China’s Covid lockdowns strain economy and global supply chains Stolt-Nielsen CEO comments rumours of Odfjell merger Keppel and Semcorp once again negotiate on a potential merger MSC lands deal to acquire Bolloré's African logistics business DSV confirms lawsuit from Flying Tiger Oil extends drop below USD 100 as US plans huge reserves release Blue Water expects lower profit this year after "strong" 2021 Ships face power blackouts from contaminated fuel in Singapore US Senate approves shipping law providing extra authority to FMC New CO2 regulation makes demands on ONE's and Hapag-Lloyd's fleets Political factors may sideline DSV in quest for DB Schenker – favoring DHL US port workers are in a favorable position, but much is at stake Container rates dive for 11th week in a row MPC Container Ships expands fleet with commission of new ships Singapore looks closer at cases of bunker fuel contamination Morten Engelstoft to resign from Maersk Russian ships switch flags at record rate on sanctions scrutiny Shipowners must order 4,000 green ships a year to decarbonize shipping in time MSC says container market congestion will likely worsen Torm beats competitors in "terrible" year for product tanker DNB: Poseidon Principles not enough in themselves Schedule reliability still very low despite progress in February Incoming APM Terminals CEO heralds acquisitions and investments Two specific companies scrutinized regarding contaminated bunker in Singapore New CEO says APM Terminals "well underway" leaving Russia Singapore joins initiative on green corridors Eagle Bulk CEO expects big dry bulk shifts due to Ukraine war Norwegian shipowners urge sanctions on Russian oil Engelstoft to retire at 55: Wants to see things other than airports, hotels and offices British insurers declare Russia high-risk area for merchant vessels Total Shanghai closure bodes poorly for container traffic EU to propose banning Russian coal imports after atrocities Europe's biggest port short on labour – 8,000 positions vacant P&O crisis leads to problems in UK ferry traffic Oldendorff and Star Bulk want to sail on green ammonia between Australia and Asia DNV secured hitherto best result in 2021 – maritime branch boosted by newbuilds Sanctions against Russia and rising inventories shake up oil prices Frontline still freighting Russian oil DNV expects to have fully exited Russian activities soon Nearly half of new orders in Q1 were for ships ready for alternative fuels Case involving contaminated bunker fuel in Singapore deepens CEOs deem gloomy container scenario too pessimistic – but not impossible Maersk Drilling chair: Still uncertainty on layoffs following merger Scan Global finished 2021 advancing: Targets USD 5bn revenue in 2027 Cosco delivers Q1 profit of roughly USD 6bn Frontline and Euronav join forces in big tanker merger Hempel withdraws from Russia Navigare reshuffles board – chair Lars-Erik Brenøe steps down Monjasa's sale and volumes soared in 2021 – but earnings dived P&O Ferries to sail on the English Channel again from next week Norden launches "carbon-neutral" freight transport based on biofuel Semco doubled order book in 2021 Shipowner appeals verdict in scrapping case for the second time Frontline-Euronav merger a "win-win" for Fredriksen and shareholders Report shows very little sampling of ship ballast water Solstad Offshore has completed fleet clean-up Shell eyes loss of USD 5bn from Russian exit Containers pile up at China ports as lockdown blocks trucks German retail group launches own shipping firm Shipping family with major Euronav stake opposes Frontline merger An engine room fire made master mariner Jaquelyn rethink her career at sea CMA CGM enters car logistics by acquiring French freight company Container rates continue decline for 12th week in a row Labor union concerned over safety on P&O's ferries Towering container rates ensured record profit for A.P. Møller Holding Finland blocks exports of Danfoss ship engines to Russia Euronav board responds to major shareholder's criticism of merger plans European shipowners' associations support new EU sanctions against Russia Nuclear energy firm and shipbuilder to develop floating atomic power plants Nuclear energy firm and shipbuilder to develop floating atomic power plants Bunker Holding stagnates while competitors grow Maersk's stock value down by USD 15bn British labour union threatens to block P&O's ferries 477 bulk vessels wait to unload outside key Chinese ports 10 percent of Norden's fleet to sail on biofuels in five years 60 ships involved in case of bad bunker in Singapore Danaos orders four new container ships prepared for methanol PIL tests biofuel on container ship in Singapore South Korean yard opens development center in Germany ILO and IMO call for effort to help seafarers caught on ships in Ukraine Euronav and Frontline's merger may become an attractive target for investors Central EU negotiator to give shipping time for wide-scale fuel reorganization Bernhard Schulte claims reduced fuel consumption with help from seafarers Number of pirate attacks in Gulf of Guinea still declining Shipping Russian oil gets costlier as rates spike above USD 330,000 Grieg Maritime Group banks big on ammonia Hapag-Lloyd becomes partner of Maersk's zero carbon center Saverys has a plan for how to stop merger of Frontline and Euronav Maersk halts operations at South African port as floods kill 59 Report: US able to take a big leap forward in decarbonization of shipping NGO detects methane slip from LNG-powered ships – stresses urgency of dropping LNG as a fuel MPA confirms Glencore and PetroChina behind contaminated bunker on 200 ships Costs have become the single most severe challenge for X-Press Feeders Executives call on EU to tighten climate law for shipping "Today is calm. If you do not take air raids and explosions into account"Detention of yet another P&O ferry may stir Easter chaos on the Channel ZIM is afraid the last thing to be lifted is the blockage of ports Happy Easter from ShippingWatch Container rates down for 13th week in a row Oil set for best run this year on China’s vow, Libyan disruption Evergreen ship lodged in Chesapeake for a month moving again FMC chair prepared for even more cases against major container lines EU negotiator opens for freight rate compensation in historic fuel strategy MOL Chemical Tankers and Trafigura join forces on biofuel P&O Ferries risks higher insurance premiums Covid lockdown in Shanghai makes container carriers redirect their ships Empty containers in US ports put pressure on rates OOCL's top line surges despite marked drop in container volumes Dry bulk and tanker equities begin 2022 with significant stock valuation improvements Massive floods put pressure on container logistics in Durban Maersk Drilling sells jack-up rig Mindsket olieudbud trækker priserne i vejret Reduced oil supply sends prices soaring Solstad lands several ship contracts Maersk's airline increased earnings in 2021 Greece has impounded Russian tanker vessel due to EU sanctions Analysts doubt Saverys can prevent merger of Frontline and Euronav Glencore silent on main part in case of contaminated bunker oil Bimco supports net-zero shipping by 2050 Wärtsilä announces big write-off from Russian business Carriers may end up sailing around Shanghai – DHL reports disruptions Oil prices stabilize despite shock Norway's gas export sets record Scan Global prepares for fewer – but markedly bigger – acquisitions DP World saw "softened" volume growth in Q1 Maersk's regulatory manager hopes for stronger IMO climate targets in 2023 Keppel reports "significant progress" in merger talks with Sembcorp Pension providers' major claim in OW Bunker bankruptcy may not be decided before 2025 Container rates for long-term contracts dive markedly on routes from US to Far East Analyst predicts upward adjustment by DSV next week Containers pile up in Shanghai port on China's Covid lockdowns Biden bans Russian ships from entering US ports Pacific International Lines plans further fleet expansion after tough years UK authority raises concern regarding Maersk Drilling, Noble merger Himalaya Shipping bags newbuild financing via leasing deals 84 ships stuck at Ukrainian ports – one belongs to Maersk Tankers Container rates dive for 14th week in a row Ever Forward sailing again – with lasting ramifications of going aground Skuld is getting rid of sanctioned Russian client Sovcomflot OW Bunker's administrator can raise claim against Deloitte and Altor by USD 117m Seaspan and Anglo-Eastern launch procurement joint venture Prosafe reports best fleet utilization in Q1 since 2015 Analyst firm: Decline in spot rates to a significant extent seasonally determined Oil prices hit lowest level in close to two weeks Falcon now pays nearly triple to charter a dry bulk ship New acquisitions expected to grow DSV and Kuehne + Nagel in 2022 Clarksons: MSC is behind order for 20 container ships in Asia Fred. Olsen Windcarrier wins French contract Gard shuts the door on sanctioned Sovcomflot as well V.Group CEO wants NATO escorts for Black Sea merchant ships Longer sailings may counterbalance reduced growth in world economy Maersk raises 2022 guidance but eyes lower demand in container market Kuehne + Nagel more than doubles operating profit in quarter characterized by large bottlenecks Euronav reaps million-dollar profit from selling tanker Esvagt to bid on contract in Siemens Gamesa's major US offshore wind project TotalEnergies makes potential record discovery Hapag-Lloyd fined by FMC – contemplating next move Lidl presents head of its new container business Jan Dieleman new chairman of Global Maritime Forum Record profits once again in sight for major container lines – though several risks point downwards P&O Ferries to resume sailings on Dover-Calais route Alfa Laval deletes Russian orders for USD 62m – mainly in marine division European gas jumps 24 percent as Russia cuts off Poland, Bulgaria DSV upgrades expectations for 2022 after "a strong set of results" in first quarter Kuehne + Nagel expects annual result on par with 2021 Keppel and Sembcorp land deal on merger Damages action between Falcon, World Fuel Services concluded DSV shutting down in Russia – Russian management takes over business Lundin receives green light for merger, posts record revenue Strengthened tanker market has Norden upgrading 2022 guidance Saverys family ups stake in Euronav again – wants three board members Major logistics firms expect higher rates to increase earnings despite uncertain 2022 Ever Forward sets out for New York after extended grounding Yang Ming sees signs of supply-chain bottlenecks easing Torm successfully protests poor placement on Yale's Russia list Maersk Product Tankers sold off ships in miserable 2021 One person reported dead after accident at Alang shipbreaking yard Poseidon Principles elects new members for steering committee Cosco sets climate-neutrality target Seadrill bags new contracts and returns to Euronext Oslo NTG shuts down in Russia, transfers business to Russian management Sovcomflot is being dropped by several major marine insurance companies ONE quadrupled operating result in 2021 but sees unstable global economy this year Hapag-Lloyd ups guidance by USD 2.5bn Scorpio Tankers reports loss in Q1, continues selling ships Toll Group's Japanese owner has green-lit acquisitions in Asia Wärtsilä's result in the red from writing down Russian activities Maersk Drilling wins Dutch order in the North Sea Zeronorth to invest and hire more staff in 2022 Euronav buys two second-hand tankers and gets rid of four older vessels Heavy surge in Russian crude being sailed to China after Russia's Ukraine invasion "Serious talk" awaits transportation companies if high prices continue Delays and bottlenecks mark Shanghai's port Euronav board returns fire from critical major shareholder Odfjell appoints new CEO Container carrier reliability slowly improving Maersk Drilling bags contract with Aker BP Dutch dock workers refuse to unload tanker carrying Russia oil Hamburg wants to house floating terminal for German import of LNG Analyst firm: Betterment in container ship congestions is brief Russia's invasion of Ukraine casts a shadow over IMO's next climate meeting Shanghai lockdown has mainly affected regional supply chains ECSA announces new secretary general after seven months with no leader Fredriksen becomes major stakeholder in International Seaways ahead of potential Euronav merger Product tanker represents biggest progress within shipping this year EU environment committee requires harsher demands in maritime fuel regulation Former Seatankers CEO steps down from boards of Fredriksen carriers DHL reports constrained capacity during quarter with revenue growth Noble Corp raises expectations Russian exit costs BP USD 25bn From private equity to Alfa Laval: StormGeo CEO sees one big change in particular Suez Canal sets earnings and freight volumes record Transocean and Valaris present Q1 losses World Fuel almost triples earnings from bunker sales DHL declares itself ready for new logistics acquisitions Scan Global gathers strength for listing Maersk presents record earnings despite lower container volumes Maersk has lost USD 718m due to Russia's invasion of Ukraine EU proposes banning Russian oil by the end of the year Maersk Product Tankers divests ships to Norwegian buyer High energy prices ensure Equinor impressive Q1 results Evergreen, CMA CGM drive capacity growth on Asia-Europe routes Oil rallies as EU proposes phasing out Russian supply this year Höegh LNG has found its new CEO Maersk in several negotiations regarding Global Ports sale Dee4 Capital increases profit despite squeezed tanker market Maersk has brought more customers onto long contracts – but Søren Skou sees a limit Singapore lowers prices for "green" ships Ardmore books Q1 deficit despite increased rates Norden lands first-quarter profit of USD 117m Is an end to the container industry upswing looming on the horizon?Cadeler intends to expand fleet after capital injection A successful corn shipment to Spain fuels Ukraine's fighting spirit Zeronorth appoints new CFO with experience from Maersk positions Søren Skou only sees one way out in negotiations with US port workers Fredriksen and Saverys continue acquisition raid in Euronav in feud over tanker merger Maersk Broker presents best result in five years MPA to up test requirements in Singapore after 200 ships received dirty bunker Sold fuel to Russians: Dan-Bunkering shuts down disputed office in Russia Eagle Bulk presents major jump in results in Q1 FMC improves capacity to monitor container alliances and their pricing Rindbo eyes significant tanker improvement: "It's better than good. It's very strong"Kristian Mørch delivered black figures in his final Odfjell result Fredriksen buys more International Seaways shares PIL was about to sell 15 ships when a turnaround changed the entire rescue plan Grimaldi steps down as Finnlines CEO Hafnia secures USD 100m from share emissions, reports major Q1 advancement Strong container and dry bulk rates have Costamare's profit soaring NTG completes acquisition, upgrades guidance China’s export growth weakens to 2020 low as lockdowns bite 70 Russian ships become part of US sanctions list Demand for container freight declines – Maersk loses market shares One in three Stena Line managers to be women in about half a year Uncertain future makes shipping companies examine their loans Maersk Drilling: UK authority sees reasonable grounds for approval after rig sales Four tankers set for conversion to container ships – but Concordia needs deal Cadeler confirms major order – wants bigger slice of wind market Japanese ONE owner expects earnings decline Solstad still booking red figures – but order book grows Kuehne + Nagel appoints new head of road transport DHT Holdings sells ships following loss in Q1 EU countries struggle to land a deal on halt of Russian oil International Seaways board is putting a plan together to hinder Fredriksen take over DFDS makes acquisition in Germany – establishes new business area Large claims prove expensive for Skuld in "extraordinary year"Covid chaos in Shanghai causes bottlenecks elsewhere in China Tidewater expects improved offshore market after Q1 loss Damaged ships in Ukrainian ports may lead to more maritime insurance claims DFDS dials up top-line expectations – profit declined in Q1 Torm books profit, reports strongest market in "more than a decade"NTG presents Q1 growth in all key items Flex LNG books higher Q1 profit on thriving LNG market P&O crisis has DFDS seeing "double-digit growth rates" on English Channel High contract rates boost earnings of five container lines Gard achieves revenue of over USD 1bn for the first time ever Hapag-Lloyd only carries half of usual Shanghai volumes citing lockdowns Central EU committee sees breakthrough on CO2 quotas for shipping John Fredriksen and International Seaways continue their battle Covid-19 has led to crew crisis on ships Scan Global upgrades guidance following high Q1 growth Hapag-Lloyd seeing first signs the container market has peaked Euronav books loss in Q1 – predicts strengthened rates Maersk Drilling's top line down in Q1 characterized by upcoming merger Pacific Basin wants carbon-free ship in operation by 2030 ShippingWatch closed Friday Hapag-Lloyd confident in its long contracts – also in case of market normalization Maersk Drilling CEO says final merger details yet to fall into place More than 100 container ships wait outside Shanghai Central EU committee to send income from CO2 quotas back to shipping Seaspan's combined box fleet up to nearly 2 million teu Eneti lands Q1 profit Russian coal could be on its way to India HHLA faces adversity in Ukraine – still progressed in Q1 HMM doubled revenue in Q1 Increased oil prices have Prosafe taking a brighter view of the future Battle over three board seats may determine Euronav-Frontline merger Shanghai approaches reopening – but normalcy lies further into the future Market upswing could end up seeing 13 million surplus containers Frontline must abide by Euronav's climate goals in potential merger DFDS postpones hydrogen ferry plan – banks on freight ships for green fuels instead Danish Shipping is skeptic toward green shipping fund financed by CO2 trading Quarantine case against Thor Stadil postponed indefinitely Bunker Holding CEO: We'll have our second-best financial result to date United Heavy Lift orders ships in China Wrist forecasts marked growth this year after modest progress in 2021 New disruptions threaten carriers on US west coast: "We need to be flexible"New strategy could lead to green acquisitions by Bunker Holding Russian shutdown of gas to EU countries causes sold-out markets for LNG ships Eastern Pacific wants to capture CO2 from two tankers Esvagt turns deep deficit into black figures Sovcomflot divests from sanctioned tanker fleet Central EU committee approves carbon quotas for shipping CMA CGM to buy stake in Air France-KLM – enters strategic partnership Norden upgrades again – expects profit approaching USD 420m Ane Uggla calls for policymakers to act on CO2 emissions Leak: EU to build wide-scale fuel network as alternative to Russian gas Large bottlenecks in Northern European ports prompt delays for carriers Sembcorp had "landmark" Maersk order in early 2022 Historic green energy push: European quartet to ramp up North Sea offshore wind capacity tenfold Shanghai's reopening may lead to increased pressure on capacity Carriers and investors predict major investments with large offshore wind plan: "We need to get started now"MPA still investigates contaminated bunker oil – 81 ships affected Banks keep tabs on offshore wind – at a safe distance Shanghai lockdown easing doesn’t mean end to shipping snarls MPC Container Ships expects no signs of normalcy this year Golden Ocean expects stronger demand following Ukraine war Saverys family once again ups stake in Euronav Unifeeder bids Russia farewell: "It was a big market for us"Lower spot rates mirrored on BW LPG's bottom line Viking Supply Ships cancels Russia contract after months of uncertainty DB Schenker under special administration in Italy on suspicions of mob connection Giant leap in reefer rates on the Pacific Poseidon covers half of global ship financing as DekaBank joins initiative Saverys family loses Euronav election: Shareholders want merger Dof in "unsustainable" situation despite Q1 profit Maersk's decommissioning venture closes after few years Kuehne + Nagel beats competitors on EBIT results in Q1 Greece has become a hub for STS loading and sale of Russian oil Schulte Group Chairman reluctant to invest: "There is simply too much uncertainty"Golden Ocean CEO expects to set another profit record this year Euronav CEO talks about moving address: Bermuda could be on the table Harald Fotland takes over at Odfjell: "Goals are set, but there may be some adjustments"Container rates surge after 17 weeks of continuous decline Zim raises guidance for 2022 after strong Q1 IMO breakthrough on CO2 levy spurs optimism among carriers and NGOs West coast port chief Cordero doesn’t see labor deal by July 1 DSV in Shanghai: "There may be 50% of drivers working at the moment"MSC's order book corresponds to fifth-largest container carrier Bottlenecks, Covid restrictions have Apple considering moving production out of China Seaspan orders four new LNG vessels 1,000 DSV staff affected by Shanghai lockdown: "We have people who have been sitting in an apartment for 55 days"Hafnia CEO: We may face our best quarter to date Wintershall Dea divests shares in Norwegian oil fields BW Group's stake in Hafnia shrinks Euronav's merging partner Frontline advances in first quarter Did the bunker market grow last year? Bunker Holding says no Nordic shipowners hope for CO2 levy as soon as possible – Bimco is skeptical This is how much EU's CO2 quotas will cost for a container from Asia to Europe BW Epic Kosan believes in LPG growth following large progress in results ECSA's new secretary general balances on a razor's edge Hafnia, Svitzer and 25 other players to attract talents to shipping Three closed OW Bunker companies pay creditors major sum DHL warns of "tidal wave" in supply chains after Shanghai reopening DP World combines two European logistics firms Glencore pleads guilty to decade of bribery and manipulation Nina Østergaard Borris takes over as USTC's CEO The new Seadrill reports operating profit following long restructure Navigare enters offshore wind through significant investment Star Bulk expects solid dry bulk demand after new major leap in results Maersk tore up contract ahead of time – settles with dissatisfied customer Frontline CEO: Russian oil flows quite freely on the market IMO warns of mines in Black Sea – ships, seafarers remain stranded in Ukraine NGOs want Maersk, MSC, CMA to order only carbon-free vessels Maersk, Ørsted will not sign a binding methanol agreement for at least one year ShippingWatch closed Thursday May 25 Avance Gas refinances debt for USD 555m Wärtsilä underway with ammonia engine for shipping: "You have to know what you are doing"Maersk sees increased probability of container fee in US ports Toll Group reshuffles management – Thomas Knudsen new chair Valaris appoints new executives Equinor exits Russia Skuld has passed deadline for terminating business with Sovcomflot Hunter Group believes in tanker recovery despite Q1 deficit Bimco sets up Brussels office Waiting time is down in port of Shanghai although congestion remains high The von Appen family's trusted is first and foremost a dry cargo charterer One large container ship would spend green energy corresponding to annual consumption of 139,000 households Iran seizes two Greek oil tankers US ports once again postpone container dwell fee Majority of container ships delayed – but analyst firm sees signs of improvement Kuehne + Nagel to deliver logistics solutions to biofuel project Thomas Knudsen delivers profit on his last watch as Toll CEO DP World praises P&O Ferries after layoff of 800 employees Frontline acquires additional Euronav shares 555-kilometer zone to prevent CO2 quota cheating Higher bunker prices expensive for carriers: Added costs may exceed USD 10bn Ukraine war has changed global oil markets Shanghai takes biggest steps toward reopening in two months EU leaders back push to ban most Russia oil over Putin’s war Shipping sector has eight months to comply with Russia oil sanctions CEO declares DSV ready for new acquisitions Borr Drilling books loss and continues work on refinancing Shipowners want bunker firms to contribute to CO2 accounts ONE orders ten container ships European key ports may be strained by CO2 quotas New oil sanctions will not change daily operations for tanker carriers – for now Svitzer prepares for major fleet investment to reach climate neutrality by 2040 OPEC considers suspending Russia from production deal P&O Ferries loses UK state contract DSV CEO denies major challenge from carriers in logistics Long-contract container rates rise by 30% in a month Only two carriers had a reliability above 40% in April Mads Zacho takes up new CEO position in shipping FMC: High rates are due to "unprecedented" consumer demand EU Commission questions next steps for a shipping green fund DFDS to lose significant amount in case of withdrawal from tonnage tax scheme Thorco Projects books strong advancement in 2021 Biden criticizes carrier fees Anglo-Eastern takes over US cruise specialist Zeronorth receives new capital and US private equity firm as co-owner As Maersk gives up decommissioning market, others double down Nina Østergaard Borris on convicted USTC companies: "The whole organization has learned from the case"Offshore accidents were one of the big drivers of Skuld's deficit in 2021 Analyst firm: Container rates decline heavily from Asia to US east coast CMA CGM: Access to green fuel determines fleet reorganization LNG wave keeps rolling over shipping despite high gas prices Covid and high rates gave German wind-down agency a solid profit Saudis nod to US with oil-output hike, but keep Russia close Nordic American Tankers has divested ships to pay off debt Maersk order prompts ketchup effect in methanol engines for shipping Container rates continue rising for third week in a row Evergreen rejects criticism from NGOs Subsea 7 wins offshore contract for Chevron in Gulf of Mexico Sanctions against insurance of Russian oil cargoes to limit Russia's exports ShippingWatch closed Monday June 6 Scan Global dials up activities in Dubai 100 days of war in Ukraine have left deep marks in the shipping industry Rate increases within product tanker continue – up to USD 60,000 per day CMA CGM triples result - orders first methanol-powered ships Explosion in container depot in Bangladesh kills 41 J. Lauritzen appoints Kristian Mørch as new CEO Maersk injects fresh capital into offshore firm with big plans, removing debt Kuehne + Nagel sells Russian business If Maersk's whole fleet were to run on green methanol, it would require 20 million tonnes Maersk head on Shanghai reopening: "Worst case, it will prolong bottlenecks"CMA booked higher revenue but lower operating margin from logistics branch in Q1 Delayed container ships cost shippers billion-dollar loss Plan for Norden's new division changed markedly in eight weeks Container ships could save large sums on CO2 if they improved voyage optimization Largest US ports see cargo volumes start to creep up Stagflation danger sees World Bank cut global growth outlook Cadeler strikes deal with Vestas on 64 offshore wind turbines NGOs want CMA CGM to drop orders on LNG ships Euronav buys International Seaways' stake of joint venture CEO still sees "sky-high" rates despite dampened container market Sing Fuels takes over Greek bunker firm – more acquisitions underway Evergreen tops list over most profitable container operation in Q1 OECD lowers global growth prognosis – will hit container market MAN forecasts: Only "massive" retrofitting can ensure shipping's green transformation IMO's climate committee has begun difficult discussions on CO2 reduction Scorpio concludes sale of 12 tankers – and plans to sell more EU legislators turn down proposal for CO2 quotas for shipping Spot rates on the rise for supply vessels in the North Sea Media reports CMA CGM's headquarters raided as part of tax case Hapag-Lloyd fined USD 2m for illegal surcharges Esvagt CEO receives million-dollar bonus after change of ownership De-mining Ukraine’s ports may take months, UN Says Greek court overturns decision to seize Iranian oil shipment Golden Ocean CEO declares support for CO2 tax: "The sooner the better"Global container freight volumes dropped in April Amazon chief to be CEO of Flexport Carrier CEOs fear lack of green ship fuels: "We face an enormous challenge"Suez Canal set for busiest year in decades Media: DFDS in process of buying Turkish transportation company Lockdown in Shanghai dampens oil prices Biden in harsh criticism of container carriers: Freight rates are "outrageous"Thorco Projects was "biggest revenue driver" for Stadil in record year Frontline continues buying up shares in Euronav Trafigura complies with sanctions – but is still present in Russia Danish government examines tonnage taxation scheme Chairman of thousands of Ukrainian seafarers works in the war's shadow Ziton receives new owners and new capital structure Container rates increase for fourth consecutive week DHL warns supply chain won’t recover to pre-Covid days in 2023 IMO gives itself one year to raise CO2 ambitions for shipping Maersk encounters harassment problem among employees Joe Biden would like to "pop" container carriers Erria secures large contract with Ørsted IMO clamps down on dirty fuel in Mediterranean Euronav sells two Suezmax tankers Significant decline in dry bulk since end of May EU presidency seeks to postpone deadline for new shipping quota demands Northern European container ports struggle with productivity Weakened world economy has Habben Jansen expecting flat volume growth in 2022 DFDS and P&O Ferries propose changes to meet competition authorities CMA CGM keeps low profile in tax case US passes shipping law – but does not target "outrageous" freight rates Air France-KLM brings in billions from issue of shares – CMA CGM new major shareholder Sky-high prices dampen container ship demand Russian fossil fuel income hits record during war Raw-material snarls in Korea to ripple across Asia factories DNV CEO: "Hydrogen seems to be everywhere and nowhere"Western Bulk forecasts calmer dry bulk market after record half-year Shippers with pollution-curbing equipment see huge fuel savings Unifeeder grows strongly in Asia and almost triples earnings Maersk sued by two women in rape and sexual harassment case Greece releases tanker carrying Iranian oil Strike ends as Korea truckers reach settlement with ministry West coast ports strike is unlikely even if no deal is reached by July Maersk sued: "I want justice, but I also want a change in this industry"Jens Martin Jensen steps down from Seatankers after short employment period Sea Cargo Charter's climate ambitions still debated among members Norwegian shipowner faces jail in scrapping case after denied appeal IEA: Oil output will struggle to keep up with demand in 2023 Danish Shipping calls for CCS licensing in Danish North Sea Maersk accused of having known of harassment cases back in 2016 Morgan Stanley: DSV acquiring C.H. Robinson's forwarding division could be good for both MSC considers buying majority stake in Global Ports Holding Maersk's offshore carrier wants piece of giant North Sea offshore wind market Oil prices jump after diving in wake of US interest rate hike "Toxic culture" at US academy where Maersk cadets trained Maersk Tankers presents CO2 numbers for its fleet Ziton after new owner and capital structure: "It’s important that we brought things into order"Congestion in Bremerhaven has reached "critical level"Danish-flagged vessels still top international safety list Criminal case against alleged pirate from Nigeria to begin in November Asian companies hesitant to support global climate initiatives within shipping Seafarer sentenced to prison after deadly collision with Danish ship Biden attempts to curb inflation with law aimed at cutting shipping rates Xeneta customers predict increase in freight rates after Shanghai reopening Bourbon enters partnership to service French wind market Maersk Training buys Norwegian partner Insurance bill for Ever Given could exceed USD 2bn Supertankers sail at negative rates: "The reality is more complex"Scan Global criticized for offering customers freight through Russia Sexual offences on Maersk ship investigated as criminal case Oil giants mulling 1GW floating wind farm off Bergen Coalition demands EU quotas for sustainable hydrogen in shipping Exports of Venezuelan oil resumed after two years Norden upgrades full-year guidance again Søren Skou says global trade is not going into reverse Global recession concerns lower oil prices Lightship dials up growth plan after "best fiscal year ever"Sovcomflot has found new insurance for its fleet Chinese container player soars on carrier top-50 DFDS to collaborate on Scottish-Belgian ferry route in 2023 Rindbo after new Norden upgrade: "I believe one can expect a slowdown on the dry bulk market"Major European port slows down to avoid effects from strike The new Lundin presents guidance for renewable energy business CEO of Brazilian oil company steps down after unpopular price leap Eimskip searched by competition authorities Asia’s shortage of empty containers may worsen on Rotterdam jam Oil billionaire Torben Østergaard lands record result in "challenging" year Norden launches probe into two deaths on ship Tanker still a headache for Torben Østergaard – carrier books second consecutive million-dollar loss Iceland court charges Eimskip COO in Indian beaching case Maersk Tankers venture to save fuel on Navigare ships Short supply buoys oil prices despite recession fears Lockdowns have made China less attractive for many companies Robert Uggla disagrees with Joe Biden following harsh criticism of container carriers Korean shipyard wins order of 14 new LNG tankers Major carriers except two have dropped port calls in St. Petersburg Crude oil buckles as recession angst rattles commodity investors Maersk Broker bids several leading employees farewell Dof secures financial restructuring deal with creditors Carriers hold their breath due to strikes in strained northern European ports Maersk rumored for new large order for methanol ships Robert Uggla on sexual offences aboard Maersk ships: "I am ashamed"Supply carriers approach brighter days but still struggle with ships in layup Desmi gets new owner after sale of majority stake Carriers quadrupled number of containers lost at sea in the last two years ICS appoints new chair in long awaited change of guard Central EU legislator rubberstamps new carbon quota requirements for shipping Green research center gets funding from A.P. Moller Foundation DFDS still under investigation by French competition authorities DFDS to have new group head of the ferry division Product tanker upside down after extended downturn: "We're going to have fun for a number of years" Celsius chair to invest more in LNG despite increasing ship prices: "It's the transition fuel we need"Port workers strike for 24 hours at key German ports as warning to employers Authorities postpone deadline for assessment on Maersk Drilling merger Shipping costs soar as Russian fallout upends fuel flows Noble sells five rigs Cadeler wins order from Siemens Gamesa to install 60 offshore wind turbines Hunter Tankers sells entire fleet LNG carriers concerned about increasing ship prices SDK Freja anticipates steep earnings drop following record year Major shipping players to collaborate on CO2 problem Draft and bottlenecks have become new barriers for grain exports out of Ukraine Desmi founder on selling life's work: "A company of a certain age, you can't own forever"Zeronorth makes board change – Uggla steps down Maersk ships delayed up to three weeks on US east coast New acquisitions to ensure SDK Freja achieves target for 2025 Analyst firm seeing signs of weakening container spot rates DB Schenker acquires US trucking firm Maersk Broker ready to mobilize within tanker: "Of course, we want to be part of it"Borr Drilling sells three rigs Shipping, oil dominate list of highest-rising stocks on Oslo exchange this year Dan-Bunkering achieves billion-dollar revenue – set to focus on new acquisitions One alternative fuel may be particularly dangerous Coal comeback prompts new trend within dry bulk: "It’s unfortunate for the climate, but it’s necessary right now"Bourbon to bid on floating offshore Mediterranean wind through partnership with RWE Blackrock becomes major shareholder in Borr Drilling Maersk Broker sees stagnating sales of container, dry bulk ships Cyber pirates prowling ship controls threaten another big shock Decline in spot rates may put pressure on carriers' contract earnings Esvagt and Crowley announce new agreements in venture on wind vessels Skou on global headwind concerns: "We can't see anything in our volumes numbers yet"A pair of Nikes will see marginal price increase from greener shipping Shell to supply CMA CGM with LNG in Singapore KPI Oceanconnect increased Asia volumes markedly last year DSV grows markedly in Latin America – from 30 to thousands of employees in 13 years Belships adds two new ships to its fleet Maersk Drilling lands contract with Shell in the North Sea EU countries ready for CO2 quota negotiations – but without a shipping fund University launches board program for the shipping industry G&O Maritime Group buys maritime supplier Analysts predict Maersk to raise its full-year guidance Maersk captain was convicted for offences on ship – authority demands stronger sentence CMA CGM cements top-three position with purchase of container ships Wage negotiations for German port workers postponed Marked decline approaching for exports from China to US Maersk: Situation in Shanghai is stabilizing Christiania Shipping expects tripling of operating profit after deficit in 2021 Exceptions from CO2 quota system may prevent EU's climate effort, says NGO Scan Global buys freight forwarder in Hong Kong Production relocations from Asia may increase activities for DSV in Latin America Skuld opens new office in Tokyo Stolt-Nielsen reports best quarterly profit in years Maersk improves reliability – but only half of ships arrive on time Navision saw extreme progress in 2021 – profit surpassed USD 40m Maersk changes procedure in offence cases after legal struggle in US France's finance minister wants CMA CGM to share its profit with the French people Less than half of leading shipping companies have set climate goals Drewry eyes beginning of the end of major container upswing Business profile leaves Bunker Holding Lars Kastrup becomes sole CEO of container carrier PIL CMA CGM to lower freight rates – but only for domestic customers Clipper turns loss into profit in Danish company – "sensible progress" within dry bulk Container spot index 16% lower than a year ago Refinancing of Borr Drilling requires new equity injection Oaktree representative steps down from Hafnia's board Insurance companies issue EU guidance on new Russia sanctions West coast port workers continue negotiations after contract expiration Oil swings as traders grapple with recession concerns "Slim" survival chances for 27 missing from typhoon-hit Chinese ship Fire erupts at Equinor oil refinery in Norway MPC Container Ships orders climate-friendly vessels Semco wins service contract for wind farm in the Baltic Sea Political pressure: Maersk ought to lower prices to support Danish companies Delays and bottlenecks paralyze 10% of container market capacity EU Commissioner confident shipping can transition quickly via green ammonia Scan Global CEO sees great advantage in Hong Kong acquisition, heralds additional takeovers Celsius Shipping out of Russian dilemma Clarksons: VLCC rates set to rise Shippers still willing to touch Russian crude oil are cashing in Crew still stuck on Greek tankers seized by Iran, says shipowner Verdict in scrapping case has led to increase in applications on legal shipbreaking MOL CEO sees no way around sailing with Russian gas PIL continues fleet expansion – orders four LNG ships Five box carriers have lost USD 42bn in stock value – but earnings boom D'Amico buys two vessels and refinances them in a leasing arrangement New CEO reorganizes APM Terminals Gram Car Carriers enters into five-year charter contract with ZIM Solstad Offshore sells a PSV Hapag-Lloyd far more valuable than Maersk on stock exchange Oil steadies near USD 100 after plunging on recession concerns Maersk Tankers on harassment in shipping: It's about breaking the "bystander effect"Suez Canal transits increased in 2022's first half-year Timmermans expects sufficiently high EU price on CO2 to ensure green transformation Labor unrest disrupts supply chains from sky to sea EU to categorize investments in gas and nuclear power as green Analyst firm: MSC's growth is unrivaled within container shipping DFDS appoints new head of ferry division joining from CMA CGM OOCL's top line sets record – but volumes continue declining Bunker volumes declined in Q1 while prices soared Oil fluctuates with slowdown concerns offset by tight supply Cosco expects to book significant progress for H1 2022 Star Bulk got the best start to an "uncertain" year for dry bulk DFDS CEO: Passengers are returning – but supply chains are hit by shortages Flex LNG ups its guidance Eimskip expects "considerably higher" result in Q2 Greenpeace to sue EU for greening gas and nuclear power Scan Global buys two companies in Europe Dry bulk declines but H1 is among the best since 2008 Hapag-Lloyd to transport DHL goods using biofuel Major South Korean shipyard severely affected by Ukraine war Oil heads for weekly loss as growth fears trump supply tightness DSV regional head: Covid has forced Latin Americans into better planning Over half of Maersk Tankers' new hires in 2021 were women Container rates decline for fourth consecutive week NGOs demand green investments from carriers ahead of major consumer day Maersk pulls out of ICS MAN's research center develops and tests future ship engines: "It ought to work the first time"Lauritzen Bulkers CEO: "When the container rates decline, we will lose cargoes to the container carriers"MPP rates are still soaring, but economic recession looms ahead Oil drops as China’s Covid resurgence overshadows tight market High earnings in shipping have vessel scrapping on the decline Euronav and Frontline take next step towards merger, agree on share purchase deal Carriers decelerate and order markedly fewer ships – with one exception New fuels for shipping make business more complicated for engine developers Golden Ocean orders three newbuilds and divests two ultramax vessels MSC's port company puts EUR 700m in container terminal Container delays fell from January to May – particularly from Asia to US west coast Swire charters another three MPP vessels Oil sinks on demand concerns as IEA sees energy crisis enduring Russia's war machine still getting plenty of cash from oil Aker Offshore Wind merges to create a "frontrunner" within offshore wind Unifeeder employs Zeronorth to optimize its fleet OECD calls for tightened competition rules in container shipping Noreco's deficit deepens despite record cash flow NGO on Maersk's exit from ICS: From one heel-dragging lobby group to another Belgian shipping family warns of loss risk resulting from Euronav-Frontline merger New report says Maersk practice hurts forwarders, shippers and consumers DFDS transported less cargo, more passengers in June Equinor acquires battery storage developer Oil dips below USD 100 Maersk Broker takes step toward larger advisory role: "More will be expected from brokers going forward"Number of pirate attacks declines to lowest level in decades Port workers to commence 48-hour walkout in Germany US Congress proposes zero-emission legislation for ocean vessels NIBC Bank's shipping portfolio surpasses one billion euros Singapore bunker volumes continue to decline Cadeler lands new contract for its wind installation vessels HMM to invest USD 11bn on expansion US government won’t yet step into rail and port talks as clock ticks Brent oil climbs back above USD 100 Former Avance Gas CEO to join BW LPG Maersk puts price on EU's climate initiative for shipping US consumption of goods declines toward pre-pandemic level Aker Solutions ups revenue by 30%Maersk Supply Service lands offshore wind contract in US Port workers paralyze major German ports Container rates from China to Los Angeles continue down Maersk's Russian port operator books significant dive in container volumes Europe becomes top market for US crude as war upends trade Borr Drilling lands rescue plan agreement Ceva Logistics acquires forwarder focused on Africa Merger battle continues after another Saverys purchase in Euronav Wärtsilä to terminate up to 450 job positions in Italy German port workers strike on second day, protesting in Hamburg Report predicts lower growth on contract logistics market Price on container freight still dropping Rio Tinto warns of dark world economy outlook Shipping once again a segment of interest to US investors DFDS ups its full-year guidance Russia ban seen tightening coal market that’s already surging Oil prices hold steady Ørsted's hydrogen project with Maersk and DFDS approved by EU Biden creates Presidential Emergency Board to tackle US logistics conflict German port workers return to work Cadeler enters new market with another contract for its wind installation vessels South Korean shipyard receives three container ship orders Duty-free sale increases earnings at DFDS: "Development in the passenger traffic is better than we thought"Soaring fuel prices may lead to significant decline in container rates Oil holds above USD 100 as traders weigh tight market, OPEC+ limits Hafnia raises share capital by 25% – sale of shares may be used for acquisitions DFDS CEO comments on rumored acquisition of Turkish company CMA CGM drops 55 containers in Indian Ocean Flex LNG CEO on US investors returning to shipping: Market cannot become too hot Port congestion on US west coast faces new threat MSC CEO Søren Toft: Container market is flattening as demand stays "healthy" Halliburton benefits from oil market gains in Q2 Batteries can replace sustainable fuels for container carriers, say scientists Oil declines as traders assess US stockpiles, outlook for dollar Dry bulk rates advance slowly – but not all segments follow suit Work conditions at APM Terminals in Liberia criticized Aker BP couldn't keep pace between quarters in Q2 Container ship trading declines – but prices are soaring Alfa Laval's marine business saw increase in orders during Q2 Decline in iron ore exports to China renders dry bulk unstable DFDS CEO uncertain about outcome in French competition case Shipping is moving towards a "green" future, industry leaders say – but obstacles remain Wärtsilä had more orders in Q2 – but exit from Russia weighs down Maersk earns more than USD 50m on Höegh Autoliners upswing Oil declines as traders assess weak gasoline demand, gas flows French shipping billionaire slams lawmakers’ windfall tax plan Biden prepares offshore wind plan for Atlantic waters, Mexican gulf Bank: DSV to land record result – but has difficulties conquering market shares 75% of world fleet will not live up to environmental demands with new regulation PIL sets new team to optimize container fleet Number of armed robberies against ships increases – but no pirate attacks Wärtsilä exec: Decarbonization of shipping is not a 100-meter race – it is a marathon Crude oil rises as traders weigh demand signals, pipeline flows Ships that hauled Iranian oil are switching to Russian crude Container rates decline for sixth consecutive week Record-low number of new tanker vessel orders in H1 Flexport sees more capacity on the market and points out one particular reason Labor union furious with UK government's continued use of P&O Ferries Former Maersk head leaves IBIA board Borr Drilling secures last part of rescue plan Maersk flags risk of new Chinese lockdowns Russia and Ukraine expected to sign deal about exports of Ukrainian grain CMA CGM yields to political pressure and provides additional discount to customers Kuehne + Nagel soars within sea freight despite uncertain market developments Russian Odesa missile strike tested Ukraine grain export deal Oil industry has made nearly USD 3bn daily for 50 years Supramax market stands to decline after golden 2021 Dry bulk carriers hesitate despite Ukraine grain exports deal DFDS acquires Irish logistics firm Wheat prices jump after Russian missile strike tests Ukraine deal Analyst: Maersk takes new leap forward, will continue record earnings this year Container shipping customers call for a change to competition rules DSV once again upgrades full-year guidance for 2022 Oil climbs as investors weigh demand outlook ahead of Fed meet Key California port reopens as protesters moved to new site DSV has closed or sold all activities in Russia Wintershall benefits from high oil and gas prices Security firm eyes several pitfalls in "significant" Ukraine export deal DSV CEO expects "soft slowdown" in the rest of 2022 Port of Rotterdam handled fewer containers in the year's first half IMF eyes high risk of recession in 2023 ILWU negotiations advance: US ports and workers reach tentative agreement Equinor benefits from high oil and gas prices Lack of ships impedes political offshore wind ambitions Oil climbs as US crude stockpiles shrink ahead of Fed decision Rio Tinto halves dividend as dark clouds gather for mining giants Climate-neutral fuel prices will be up to four times that of VLSFO Port operator DP World books progress for Q2 Smaller companies demand more transparency on expensive transport market Finnlines advancing on all parameters despite sanctions against Russia Ardmore achieves record result in second quarter Traders doubt Ukraine deal: No guarantee of export California governor plans calls for major boost to state's offshore wind Hapag-Lloyd upgrades full-year guidance for 2022 Pilot project with sustainable fuel leads to 75% CO2 reduction Rates on long box contracts seem to have finally peaked TotalEnergies makes billions despite big impairment Pacific Basin boosts earnings significantly in first half-year Shell quintuples profit DB Schenker doubles result in first half year – despite less freight volume Scorpio Tankers turns deficit around to major profit in Q2 Maersk refuses to provide freight discounts to customers Workers’ strike could bring UK’s biggest container port to standstill Costamare reaps reward from container market upswing ONE books record result but notes great uncertainty for container market EU to investigate container rates – expects results by New Year's New York plans third offshore wind auction D'Amico books significant progress for Q2 Container rates decline for seventh week in a row Chevron achieves biggest result to date, boost stock buybacks Safe Bulkers boosts result in first half of 2022 Ships hauling Ukrainian grain may be insured for up to USD 50m First grains ship leaves Ukraine for Lebanon in key milestone Zacho: "It's about sustainability – and behaving properly"BW LPG acquires gas business from Spanish company Lockdowns and Ukraine war have lopped 5% off of ONE's volumes Jacob Meldgaard sees two particular market drivers in 2022 Cadeler lands foundation installation contract for Ørsted's Hornsea 3 FMC launches new unit for enforcement of US shipping law How the EU will allow a slight increase in Russian oil exports Maersk raises 2022 guidance by USD 7bn Transocean CEO projects continued recovery after improved revenue BP beats earnings forecast by a billion dollars Prosafe reports highest quarterly fleet utilization in seven years Valaris' Q2 results exceed expectations Bottlenecks are declining but still keeping spot rates high French LDA sells fleet of 13 dry bulk vessels to investors Singapore and Rotterdam to establish world’s longest green shipping corridor Record results could undermine liner industry's unique competition rules Long contracts double profits of Maersk's Ocean business Taiwan turmoil prompts detours and delays for global shipping Here is an overview of Maersk's Q2 report One segment comprises half of LNG-fueled newbuild orders Six container carriers have a market value in excess of USD 10bn Major maritime players launch competition for DEI ideas Søren Skou: "Strong headwind" will send container market into tangible decline First ship with Ukrainian grain can resume sailing after inspection MPA suspends Glencore for two months following fuel contamination Eneti delivers improved Q2 result driven by acquisition More container vessels arrive on time Maersk CEO open to raise logistics ambitions Euronav reports improvement in Q2 but still books a slight net loss China drills force ships to sail around Taiwan danger zones "It's easy for Biden to blame the no-good foreigners"Teekay Tankers books profit after long period of decline Expected boom in LNG use to expand fleet size significantly towards 2030 Genco Shipping delivers 50% growth in Q2 Global coal usage rises in wake of Covid-19 and gas crises Seaspan owner receives takeover proposal from group that includes ONE DHL reports “record operating profit” for the second quarter Norden announces fourth upgrade this year due to product tanker upswing DFDS has large sums caught in European VAT spat: "This will affect all forms of transport"Three more ships loaded with grain cleared to depart from Ukraine Star Bulk Carriers benefits from higher rates in Q2 Eagle Bulk's net result skyrocketed in Q2 DHL shuts down internal business in Russia but reopens in Ukraine DFDS provided green light by UK authorities to collaborate with P&O Private equity firm takes over Lloyd's List UK’s biggest container port to be hit by eight days of strikes United Heavy Lift sees full ships on booming oil, gas and wind Oil stays low – price decline unlikely to hold Waning European demand could significantly impact container market MPA appoints new CEO Kuehne + Nagel offers carbon-free transport using biofuel Less congestion makes dry bulk rates decline Shipping in a safe position despite shaky world economy Ships resume Taiwan routes even as China continues to drill Australian minister criticizes Svitzer in feud over labor agreements Scan Global makes another upgrade to 2022 guidance PIL presents major 2021 profit after years of deficits Oil prices advance on high demand in China and US Borr Drilling presents major deficit after impairments from rig sale Felixstowe dockers offered GBP 500 bonus in bid to stop strike ScottishPower to build hydrogen plant at Port of Felixstowe South Korea accounts for over half of new ship orders globally Seaspan to supply container fleet with green fuels Zacho: Global regulation the biggest challenge for green transition 12 ships have now sailed from Ukraine with grain cargoes Close cooperation among liner companies to be evaluated over the next eight weeks Ten people arrested for illegal fuel trade in Singapore Persistent Svitzer spat set to end in Australian labor court Oil declines as market watches Russian pipeline Borr Drilling seeks capital in the US HHLA advances despite chaotic market Celsius Shipping slows down a bit after record year in 2021 Italy keeps MSC and Lufthansa waiting regarding decision on airline privatization HMM sets new record but expects more challenging market ahead Congestion increases on route from Europe to US Grieg Green hires new managing director Ørsted requires all suppliers to use green electricity by 2025 Ship sales boost Seaspan-owner Atlas in Q2 Hapag-Lloyd more than tripled its profit in H1 Cosco to focus on logistics with large reorganization DHT Holdings lands profit after divestment of ships Oil declines slightly after Wednesday's increase Gard warns customers about monkeypox after declaration as public health emergency X-Press Feeders buys service from Zeronorth regarding fleet optimization Rolf Habben Jansen ready for more acquisitions within container Höegh Autoliners banks on an ammonia-powered future of hauling electric cars Strike in key UK port to add pressure on supply chains Mid-year status: DSV grows most among leading international forwarders Report: Greenfield projects seeing comeback at ports Indonesia limits coal exports – could increase bulk demand Keppel enters German offshore wind alongside Ørsted "The challenges we face as an industry require more skills and competencies"Gas-starved Europe is about to get a pair of floating LNG units Container rates decline for ninth consecutive week Eagle Bulk maintains optimistic outlook despite economic headwind Leading shippers prepared to pay 10% extra for sustainable transportation Crude oil prices approach best week in four months Aker BP finds oil and gas in Norwegian Sea CEO appoints new J. Lauritzen investment team Aramco profit surges to another record on bumper oil market South Korea's three major yards have nearly achieved 2022 order targets Pressure on supply chains eases for second month in a row DNB: This is how much Maersk has ready to spend ahead of 2023 DSV points to US as key market for new acquisitions Insurance remains biggest barrier for Ukraine's grain corridor Lower container ship utilization puts pressure on spot rates Habben Jansen warns against rushed decisions on competition regulation MSC buys stake in private hospital chain Seafarer shortage has only worsened since last summer Maersk and Hapag-Lloyd to pay even less taxes as rate halved Eneti divests all shares in Scorpio Tankers Western Bulk reports its best half-year result to date DFDS slightly raises revenue guidance and reports greatly improved operating earnings Torm acquires 75% of scrubber supplier First ship in Ukrainian grain corridor arrives in Syria Keppel wins billion-dollar deal from Brazil's Petrobras Singapore bunker sales hit seven-month peak Maersk to acquire Viking equipment to tackle container fires Viking Supply Ships secures profit, expects rates to fall DFDS CEO: "We have ample capacity" for new acquisitions after historic quarterly result Petrobras orders huge floating production setup from Keppel DFDS sharing capacity with P&O Ferries amid ongoing French investigation Wallenius Wilhelmsen converts debt into green loans Smaller carriers on the Pacific outperform minor regional operators Norwegian Shipowners' Association fears hesitant politicians may curb green transformation Belships reports growth and expects profitable market two years ahead Reefer rates to peak in fall season, followed by slow decline Offshore suppliers eye fresh orders upon super profits from energy companies 2020 Bulkers reports fewer earnings than last year DSME orders halve deficit Wallenius Wilhelmsen CEO: car freight volumes will grow as congestion eases Odfjell exits second quarter with best result in 15 years Maersk: Low Rhine water levels and Felixstowe strike prompt delays Maersk tempers rumors of big Suez terminal investment Norden books "fantastic" second-quarter result Torm bags USD 107m profit after doubling TCE rates Concordia CEO after terrible year: "We are in a very strong market cycle right now"MPC upgrades 2022 guidance after strong first half Odfjell CEO: the chemical tanker upturn is here to stay into 2024 Norsepower wins deal to install rotor sails on two newbuild CO2 carriers Torm CEO: Product tanker will do well for a longer period – "It's not just a blip" HCOB increases lending to shipping Value of Torm's tanker fleet increased USD 258m in three months Maersk Drilling boosts top line in second quarter, maintains guidance Container rates drop for tenth consecutive week Søren Skou counters tax criticism: Maersk is no parasite Eimskip boosts its profit in second quarter APM Terminals to invest USD 500 million in Brazilian port Norden CEO: "We can create value in both rising and falling markets"Maersk Supply Service advances mission for electric offshore charging Europe's need for energy boosts Navigator Gas profits in Q2 Solstad Offshore ends Q2 with deficit despite record operating result Conflicting market signals confuse outlooks for OOCL Maersk partners with Chinese company on green methanol Prosafe books profit in busiest quarter in years Scrapping of dry bulk vessels heading toward lowest level in 15 years Herman Billung expects "headwinds" before renewed dry bulk upswing by year's end British port workers launch eight-day strike in Felixstowe P&O Ferries avoids legal prosecution for illegal mass layoffs Excess demand on container market almost gone Solstad: Supply upturn already underway Chinese oil imports from Russia up by more than 50%Maersk fires captain due to harassment case from 2015 Cadeler downgrades 2022 guidance Hapag-Lloyd to optimize its fleet's energy efficiency BW Epic Kosan hurt by low spot market in Q2 Norwegian company receives DNV approval for ammonia terminal Global Risk Management becomes independent unit of USTC group Klaus-Michael Kühne believes Hapag-Lloyd makes too much money Baltic Dry reaches lowest point since December 2020 Number of maritime sexual offenses growing in the US Analyst seeing "seismic shift" in LNG supply Oil surges markedly upon OPEC announcement Wärtsilä to provide digital solutions for 21 British ports Cosco buying into Hamburg terminal meets political resistance European container capacity drops significantly, benefiting long-haul shipping MPC has already secured high revenue for next year with 85% coverage 33 dry bulk vessels loaded with grain have left Ukrainian ports Höegh Autoliners acquires RoRo ship for USD 53m Both red and black bottom-line numbers for LNG carriers US strike fears produce record difference between eastern and western rates Cadeler CEO: Customers hunt for capacity – boosting demand in offshore wind segment Port strike in Felixstowe may delay containers for a billion-dollar figure Fleet of inactive container ships diminishing Frontline presents solid Q2 profit ahead of merger with Euronav Golden Ocean eyes healthy market despite waning demand Siem Offshore expects high demand for years to come Norden, Ultrabulk already benefit from European coal demand Dof Subsea reports Q2 deficit while waiting for restructuring approval Japanese offshore carriers launch vessel management collaboration Hunter Group generates profit and only has one ship left World Shipping Council suggests three actions for IMO ahead of MEPC 79 MAN technology could land in Russian gas major's hands CIMC halts acquisition of Maersk Container Industry after US resistance Scrubber market expected to grow explosively ahead of 2030 GC Rieber sees many opportunities in attractive offshore market Hafnia presents record result with profit of USD 186m Fredriksen banks on large need for fossil fuels Klaveness Combination Carriers rakes in highest quarterly earnings ever Moody's raises Maersk's outlook after strong quarters Dee4 Capital profits from divestment of two tankers Mikael Skov: EU sanctions will boost demand by more than 100 MR vessels D'Amico takes over Irish tanker operator Frontline-Euronav merger going as planned – but there are two different models Three ships hauling crops and sunflower oil leave Chornomorsk, Ukraine Maersk Container Industry could end up sold to private equity Hafnia continues fleet divestments – sells four ships Maersk enters settlement after long dispute with Liberia port workers Prosafe CEO sees acquisition opportunities in fragmented market approaching upswing Container market set to normalize in mid-2023 Svitzer has saved one thousand tonnes CO2 from reducing speed BW LPG increases bottom line and completes retrofitting project Shortage of ships and offshore wind boom prompt sense of calm for major MPP carrier Strike has almost doubled Felixstowe delays in only five days EU embargo on Russian oil could make tanker rates reach USD 250,000 per day Maersk divests its share in Russian terminals company Global Ports BW Offshore receded in 2022's first half – expects much of oil and offshore wind Energy summit to ensure sevenfold increase in Baltic offshore wind Major South Korean yard confident in construction boom of methanol-powered ships Large companies have altered supply chains following Covid, according to study Scorpio Tankers bags longest contracts since 2008 Odfjell Drilling sees market potential beyond 2024 German government to provide shipping's green transition with EUR 30m annually Evergreen's schedule reliability has improved significantly Cadeler demands political action promoting offshore wind 6,000 Maersk containers stranded in Russia after sale of Global Ports Nordic American Tankers presents profit after market upswing Maersk completes billion-dollar acquisition of LF Logistics Container ship backlog outside Los Angeles ports is almost cleared Esvagt CEO: Offshore wind needs political responsibility for project yields Zeronorth launches bunkering optimization platform Rates on long container contracts stayed high in August Four major carriers have insufficient climate reporting, says PwC Five bulk carriers made close to USD 1.4bn in 2022's first half – one company stands out Freight and multipurpose ships entering container has only had small effect Hempel appoints new CEO MSC and Lufthansa rejected as buyers of Italian state airline ITA Dry bulk ship leaking oil off Gibraltar following collision Major liner companies must lead smaller carriers in green transition British authorities approve Maersk Drilling, Noble merger Zim and Shell strike deal on billion-dollar LNG bunkering Seadrill sells seven rigs after Q2 profit MSC company behind new mega terminal in Port of Rotterdam Bunker Holding companies reshuffle management positions Is the sulfur regulation actually a bad idea for the environment?HSBC expects sudden decline in container carrier earnings Pension fund sells Maersk shares to limit Danish stock exposure Great amounts of oil leaking from ship off Gibraltar Russian wheat shipments falter while Ukraine ramps up exports Oil's rough week ends with rebound on OPEC+ risk, Iran setback Hafnia outruns product tanker rivals: "Getting lucky isn't enough"Maersk bodes continued port disruptions – especially in Europe Container rates continue down by almost 10% this week Digital trading platform NYSHEX inks deal with Hapag-Lloyd Amon Maritime signs commercial agreement to promote ammonia adoption Shippers lodge complaint to FMC over USD 180m dispute with Maersk PwC defends low carrier rankings as firms are "unable to show CO2 emission reductions"European carriers support Baltic Sea offshore wind deal HSBC: Upswing is moving from container and dry bulk to tanker operators CMA CGM doubles its result and invests heavily in shipping and logistics DFDS, Stena Line launch cooperation on methanol Cosco Shipping International appoints new group vice president Empty container problem is growing Maersk installs sensors to avoid parametric rolling at sea Chinese lockdowns sent capesize market tumbling CMA CGM to speed up green transformation with billion-dollar fund Felixstowe strike extends export container delay Maersk to seek settlement in harassment cases – could lead to million-dollar compensation for two women Goldman Sachs now major shareholder in Frontline Shipping's green transformation could cost USD 28bn a year ahead of 2050 Stena Bulk sees signs of upswing lasting into 2024 Supreme court rejects Eimskip appeal, ending drawn-out tax case Norway's climate minister says shipping needs more political action to realize green transformation "That phone has been quiet for seven years, but now it has started ringing again"Hansa Tankers acquires system for optimizing operations from StormGeo Road to alternative fuels is filled with barriers More shipping companies have set zero-emission targets for 2050: "There is a long way to go"Media: Potential Maersk Container Industry buyer passed over Few new VLCCs on order with remarkably few being scrapped Danske Bank: Excess US demand waning and set to hit shipping Hapag-Lloyd CEO: Taxation of container profits at "unsustainable level"MSC, Shell, Seaspan partnership to reduce methane emissions from LNG Wallenius Wilhelmsen to save 10% on fuel via live streaming from 65 ships At least EUR 43bn to hit Baltic wind target by 2030 Maersk has lowest operating margin among competitors – but avoids trend Maersk detects small signs of improvement at busy European ports MAN demands more regulation of shipping to reach Paris Agreement targets HSBC: Freight rates in South East Asia drop to bottom level Scorpio Tankers buys back eight product tankers Habben Jansen: High costs and inflation are having "visible impact on the market"Port of Los Angeles gets financial aid to accelerate container handling Only one towage operator has climate goals – and they are a long way off Stolt Tankers, Yara strike agreement on fuel savings for seven ships Pressure on global supply chains continued to ease in August Grain exports from Ukraine exceed two million tonnes Maersk Supply Service enters market for floating offshore wind 11% extra container ships in 2023 could tilt market and add pressure on earnings Norwegian-Canadian partnership to provide shipping with green solutions Maersk's regulatory chief is optimistic and "hopes for a carbon tax in 2027"Monjasa buys tanker for its Middle East fleet More than 100 bulkers lie waiting outside Indonesian ports Clipper founder's sons take over company Logistics billionaire hungers for a bigger slice of Lufthansa DHT to pay 100 per cent of profit in dividends McKinsey: Earnings of logistics companies to fall DSV, Maersk top Nordic ESG list – Hafnia, Norden drag down average SCFI index falls a further 10%Media: German government approves sale of DB Schenker Empty containers piling up at US and European ports Alfa Laval tech to ensure WinGD’s engines run on methanol Hempel's new CEO to continue acquisition streak – major growth to come in 2022 Chartered ships to reduce risk of failed green investments for Hapag-Lloyd Oil gains as China locks down and Fed, ECB rate hikes loom Demand for intercontinental container routes wanes Bladt, Semco preferred suppliers for Baltic Power Hempel expects to be out of Russia this year Ukrainian grain export rises as stranded ship count declines Dry bulk market faces growth – but rebound to high level unlikely Typhoon Muifa heads for Asia’s largest port of Shanghai Port of Hamburg warns German government against blocking Cosco investment Rail strike threatens to slow US supply-chain recovery Industry willing to insure ships carrying Ukrainian grain Two of the UK’s biggest ports brace for overlapping strikes Price cap to have Russian oil flow despite embargo – tanker rates continue to surge DFDS loses English Channel freight due to tighter competition Sanctions lawyer warns about loopholes in EU's oil embargo against Russia Container market still strong despite global unease BlackRock acquires large stake in Golden Ocean Bunker Holding's customers and suppliers emit 103 million tonnes of CO2 equivalent a year FMC threatens MSC with "default judgment" in US complaint case Eagle Bulk acquires second-hand ultramax Banks reaffirm decision to blacklist oil despite offshore upswing Spot rates decline on Transpacific trade Maersk Supply Service to sail on biofuel with new product DB Schenker sale could crown a new king of air and sea freight logistics 813 companies have withdrawn from Russia – multiple within shipping and logistics Maersk and MSC call off voyages to Europe in October Monjasa launches first office in South America European shipowners strongly oppose Norwegian bill on seafarers' work conditions New port strike underway in Felixstowe Demand for shipping in China is plummeting Port of Long Beach to be dredged for USD 170m Union boss deems DB Schenker sale "nonsense"Hafnia Law leads maritime companies through a minefield of Russian sanctions Hapag-Lloyd buys half of Italian logistics firm Drilling CEOs predict acquisitions and consolidation in the sector Eneti warns of capacity congestion in offshore wind build-out State subsidies ought to be multiplied to drive carriers away from fossil fuels Carriers think critical ESG report is missing crucial point US railroads, unions reach tentative deal on eve of deadline Maersk Tankers expands executive team World trade growth expected to be higher in 2022 and 2023 than prior to Covid Seaspan cancels ship orders worth more than USD 500m Evergreen, ONE much better at making money than their European competitors Flex LNG CEO sees day rates approaching USD 300,000 Purchase of shares in logistics group to strengthen Hapag-Lloyd's services in Italy Cosco's liner company to expand fleet for USD 5bn Skuld reports profit in H1 2022 following last year's deficit Container rates on the Pacific have "collapsed" from record level earlier in 2022 Biden to expand US offshore wind energy with floating platforms Concordia makes additional fleet divestments German carriers are survivors – but 12 years of crisis continue to cast shadows Dutch bank NIBC grew its shipping business by 25 percent in H1 Container carriers' utilization rate is strongly declining Suez Canal Authority to raise prices in 2023 Maersk Tankers CEO: Bulk players buying into tanker – tempted by high rates on Russian oil Liverpool hit by two-week strike from Monday Singapore firm launches Singaporean-Danish wind service operator Outlook remains strong for offshore ship operators despite market slowdown Frontline chief sees several factors pulling tanker up: "The proof is in the pudding"Yard group KSOE to build eight ships for African customers Royal Arctic Line presents H1 deficit New massive profits could bring container carriers into political tax storm Carriers expected to increase blank sailings following Golden Week Cadeler CEO: All within offshore wind must keep pace if expansion is to succeed Maersk Product Tankers presents new CEO British port strikes increase strain on European supply chains Clipper Group sells Seatruck Ferries in major transaction Netherlands to raise target for North Sea offshore wind Report: LNG vessels could face almost USD 1 trillion in stranded value in 2030 DP World wins latest court case on Djibouti port Ikea drops container strategy as work on "new solutions" to ship goods continues Logistics firm Ceva expands partnership with South Korean carrier Torm to open Dubai office in early 2023 A.P. Moller Capital underway with billion-dollar fund – invests in Egyptian logistics Brand new topic tops list among shipping's decision-makers Shanghai still world-leading container port – close race for second place Lobbyist criticizes ICCT for using old numbers in criticism of LNG as ship fuel Uni-Tankers divests two 15-year-old vessels Maritime & Merchant Bank swims against the current – willing to finance offshore India detains a million tonnes of rice at the country's ports Businesses and NGOs urge stricter requirements for shipping in ETS Eneti puts goal of entering US offshore wind market on hold DHL CEO on green cooperation between large competitors: "It's a challenge"Business seems promising for Gram Car Carriers with "unprecedented" day rates Upcoming ship design demands render new ship commissions impossible for Star Bulk EU shifts course permitting carriage of Russian coal to third countries New wind carrier's Europe CEO heralds "significant" acquisition already this year Poseidon Principles raises its ambitions after alluding to it for a year Green alliance of leading global shippers gains ten new members Pensam keeps oil firms at distance Shipping must annually invest USD 40bn to meet carbon targets Semco forms new trio targeting floating wind IKEA stops chartering container vessels Sohmen-Pao expects shipping's green transformation to be delayed Torm CEO still focusing on spot in red-hot product tanker market MSC continues dispute with FMC judge in complaint case Cosco's marine insurance company joins Poseidon Principles Alexander Saverys on Euronav merger: Compromise is the only solution 200 green energy projects could unleash investments of USD 90bn MAN Energy Solutions sets CO2 reduction target for production US aims to tighten shipping law – could lead to major penalties in harassment cases Trade expert recommends strict conditions for Chinese acquisition in Hamburg terminal Hapag-Lloyd warns customers against fraud attempts via fake emails Daewoo Shipbuilding makes deal with conglomerate on conditional sale Fredriksen richest in Norway – capital tax may be reason for wealthy individuals moving away Oil from Russian tankers could pose a threat to Danish waters Three countries advance significantly on list over port connectivity Jan Dieleman has seen rates slide from above USD 70,000 last year to below USD 4,000 this year CMB chief acknowledges waning enthusiasm for green shift in shipping Stormgeo will "add power" to Bunkermetric, also eyeing more tech acquisitions Esvagt notes progress after renewed interest in oil and gas: "It's been significant"Shipping players disagree with Sohmen-Pao's green-shift predictions Safeen Feeders and Invictus Investments create dry bulk company ECSA: Norwegian bill on seafarers could be in breach of EEA Agreement Conglomerate to use yard acquisition to strengthen green shipping and defense projects Rival goes same way as Maersk – launches air freight company New production in Türkiye creates growth in logistics and shipping – DFDS among winners Workers commence new strike at UK Port of Felixstowe More tankers have changed owners at markedly higher prices in H1 Greenland climbs high on UN list of port connectivity New York overtakes Long Beach as US' busiest container port Seaspan owner presented with increased bid in takeover proposal Euronav rejects criticism from CMB that merger will reduce focus on decarbonization Supply chain chaos boosts DFDS' Turkish venture after slow start Maersk CFO: Large fluctuations in earnings and returns have ended Sea Cargo Charter hesitates to raise climate ambitions Box carriers have become more creditworthy – but still room for improvement Blue Water Shipping banks on Türkiye with two new offices Surveillance authority expects to be consulted on controversial Norwegian bill Ship database Vesselsvalue to start monitoring ships' carbon intensity Bourbon launches dedicated wind installation operator Clipper Group CEO: Our results have been lifted by strained container market EU considers ban on shipping Russian oil as part of price cap Maersk rejects shippers' complaint in USD 180m dispute High energy prices could accelerate shipping's shift away from fossil fuels Significant box market slowdown in September – freight rates still declining Scan Global chief sees first signs of waning demand Shipping firms ought to throw themselves into "deep waters" with their carbon reporting First decline in long-contract container rates since January DB Schenker uses AI to improve supply chain transparency Merchant fleet has increased by almost 3 percent Maritime organizations want ETS income earmarked for shipping's green transition Höegh Autoliners joins climate coalition Container carriers improved schedule reliability in August Singapore's Sentek faces 42 charges in case of bunker stolen from Shell Container rates reach lowest level in almost two years Ukrainian minister expects last minute extension of crucial sea transport deal Waning demand has Maersk sailing slower Port of Hamburg to automate pin handling in hinterland processes CEO wants to keep DB Schenker brand – buyers stand ready Port strikes in UK could "spell disaster" for Christmas shopping Offshore carriers are strong despite serious dips in September Crew members die of food poisoning while en route to China Wrist Ship Supply brings in CEO from Ceva Marine suppliers uncertain of Russian exports – authority annuls applications Oil prices rising as OPEC+ mulls output cut Maersk Container Industry appoints new CEO Half of container market bottlenecks have been resolved Navigator to acquire more gas vessels in joint venture Maersk Drilling moves 2,300 workers to Noble Corp. – future for 300 uncertain Bunker Holding CEO on climate targets: "We are ambitious" - but unable to force customers Container carriers cancel 48 sailings up to China's Golden Week Maersk launches railway solution due to truck driver shortage Uncertainty affecting NTG's appetite: "We're more skeptical of acquisitions"Cosco buys large share of associated logistics firm DB Schenker: New IMO rules could have "big impact" on carrier capacity in 2023 Europe turns its back on Russian crude as sanctions draw closer Maersk Oil Trading enters green methanol project in Singapore Carriers: Exemption from EU's competition regulation is good for environment Hapag-Lloyd buys terminal and logistics business for USD 1bn BHP Billiton buys three additional LNG vessels Ammonia has big potential as shipping fuel – but will require enormous production Maersk orders six methanol-prepared container ships Sky-high gas prices put economic pressure on carriers with LNG-powered ships Container liners have ordered a record-high number of ships despite falling rates Consortium initiates large carbon-capture test aboard Stena Bulk tanker Esvagt pursues Taiwanese offshore wind Stolt-Nielsen pushes on for consolidation – ups its stake in Odfjell Cost of Maersk's new methanol ships drops Port staff in Felixstowe working again – but wage conflict far from over Indian refineries secure oil on contract – Russian embargo to create shortage OPEC+ agrees on output cut of 2 million barrels Expert group formed to guard Singapore against more contaminated bunker Carriers uncertain about their ship emissions – CII becomes reality in 87 days Stolt-Nielsen doubles profit – believes market upturn will continue Bio-LNG could keep LNG-powered ships operational until 2050, says lobbyist Pureteq confident in scrubber comeback – new IMO rules will boost the market Norden upgrades result guidance for fifth time this year Increased Chinese diesel exports bode well for product tanker ahead of EU sanctions Report: Seafarers in Australian waters cheated for millions Maersk secures major logistics customer in UK Oil shipping states get loophole in EU's new Russia sanctions Think tank accuses Maersk of insufficient climate reporting in financial reports Order book at major Chinese yard grows by 22 ships Pressure on container market declines for fifth consecutive month Mining company opts for LNG and biofuels to reduce CO2 emissions Norden avoids potential penalty in case of fake logbooks due to statute of limitation "Creative market players" could avoid price cap on Russian oil, says lawyer Tor Olav Trøim's Himalaya Shipping enters two long-term charter contracts Dee4 Capital makes another tanker divestment War and sanctions mean more tanker demand and costly ships Carriers must fight harder for highly skilled employees August worst month for container in two years Supply chain "normal" appears on horizon, with sights set on March Container ships spend 20 percent more time in ports Climate requirements could prompt lack of feeder ships in Mediterranean EU exempts indispensable steel product from Russia sanctions package Danish Maritime Authority "takes note" of decision in Norden case about fake logbooks Customers and ports to have "drastically" reduced services with EU ban of container alliances NGO warns against using fossil methanol: It could be more polluting than low-sulfur fuel Capesize rates increase 250 percent in one month Ships with Ukrainian grain wait up to nine days for inspection in Istanbul Boskalis and partners to expand Antwerp terminal for EUR 335m Shipping companies employ familiar tools to prepare for new climate regulation Return on shares plummets at five box carriers – lost USD 65bn in value this year War forces Sovcomflot to replace euro loans with Russian bonds Deutsche Post DHL upgrades full-year guidance Maersk rides highs and lows of shipping’s roller-coaster year EU green-lights new LNG terminal in Germany South Korean shipyard receives order worth USD 243m Cosco heralds significant earnings boost after third quarter Søren Toft expects "difficult quarters" with market normalization and weak economy Belgian shipping family acquires additional Euronav shares, continuing merger strife Lauritzen Bulkers CEO: Profit of more than USD 50m in 2022 – but downturn looms Port congestion not enough to stop free fall for container rates Lauritzen Bulkers flips tonnage with purchase and sale of ships DFDS' cargo volumes dropped in September Blue Water Shipping sees big opportunities in Türkiye's industry growth Strikes could prolong port congestion until year's end Maersk Supply Service lands contract for floating wind project AAL buys another two second-hand MPVs Wallenius Wilhelmsen hires shipping COO within own ranks Cadeler bags major deal on wind ship set to commission in 2025 Portchain enters collaboration with container terminal in Antwerp EU bans Russian register to prevent insight into sensitive fleet information Bureau calls for continued naval operations despite record-few pirate attacks Havila Holding owner expects upturn for supply markets Falling spot rates on container market approaching 2019 levels DNV: Europe's green transition continues in full force despite gas crisis Container giants need to highlight flexibility to attract skilled employees Cadeler secures USD 94m in capital for financing of new offshore vessel Pacific Basin CEO optimistic despite "short-term headwind"Transocean's order book has increased by more than USD 1bn Dutch company to establish bio-LNG production for ships in Port of Amsterdam Borr Drilling sells rig for USD 120m Wilhelmsen Port Services acquires Vopak Agencies DFDS confirms talks for acquisition of Turkish logistics major Eimskip expects operating result of up to EUR 50m Another shipping player buys into International Seaways Europe lacks scrapping yards – needs more yards in Asia Disagreement within Bimco on responsibility for ships poor climate ratings Singapore bunker sales down for three months in a row – but up on annual basis Hempel supplied coating to Russian ships – "deceived" by employees Lower fleet utilization affects liner companies' elevated rates Dachser head thinks forwarders will win logistics battle with carriers Leading carriers think new climate regulation could create need for more ships Media: Aponte family now richest in Switzerland with fortune of USD 100bn Increasing ship prices are attracting more stock investors to shipping China halts LNG sales to foreign buyers to ensure own supply Heavy-lift carriers only order newbuilds in case of long contracts DFDS maintains acquisition strategy despite uncertain times Multipurpose market peaks as prospects remain positive Foreign minister eyes more Russia sanctions ahead: "Highly likely"Himalaya Shipping lands deals for four dry cargo vessels Dock workers threaten with strike actions once again in Liverpool Norway's Knutsen completes financing for massive LNG newbuild program Unifeeder to sail with containers between Hamburg terminals Seaspan wants central CII clause settled – “It's really becoming urgent”Investment firm plans to take over Grindrod Shipping in transaction worth USD 506m MAN to deliver six methanol engines for Maersk ships Maersk and MSC perform differently in large sustainability analysis of 90 companies Bourbon Wind CEO on potential acquisitions: ”Nothing is off the table”Capacity declines on the Pacific "with no end in sight"EU’s sanctions against Russia risk ensnaring more oil tankers US plans tender for offshore wind in California Important US port could be hit by strike in terminal Belgium wants to make Antwerp Europe's hydrogen hub Solstad secures five-year contract for hybrid offshore vessel Swedish Club sees reefer claims rising by nearly 300 percent after pandemic Is MSC getting too big for 2M alliance with Maersk?Logistics and shipping magnate in power struggle over Lufthansa board seat EU policymakers pass new bill on shipping's green fuels Maersk-owned Höegh Autoliners buys car vessel significantly below market value Drained candidate pool forces carriers to compete on wages Major shareholder divests remaining shares in MPC Container Ships More container ships transited the Panama Canal in 2022 Container volumes decline in Port of Los Angeles Shipping professor about CII: “It's an irrelevant piece of regulation”A fifth of bulk carriers' wood volumes disappeared in year's first half Container carriers are well-prepared to resist plummeting rates T&E warns EU against wave of LNG-fueled ships – seeks gas independence by 2030 Russian coal exports wane as capesize tonne-mile rises Cosco entry into Hamburg terminal becomes priority case for German Chancellor Scorpio Tankers once again buying tankers, reducing debt Maersk's enormous profit hollows out public income growth this year UN report recommends extending deal on grain export from Ukraine's harbors Container rates decline for 19th consecutive week Rising coal demand increases value of older dry bulkers World fleet significantly older than a decade ago Hapag-Lloyd calls for alteration as CII "does not make sense" Arctic Container Line eyes Scandinavia as "very interesting" new market Western Bulk declares dividend – is "quite pleased" with Q3 result MSC buys Italian towage service operator Russian oil logistics in chaos ahead of looming sanctions Western Bulk hires profile from competitor and opens office in Denmark Limited Chinese demand lowers oil prices Analyst eyes small upward adjustment from DSV Euronav orders two crude oil tankers at South Korean yard Goldman Sachs new major shareholder in MPC Container Ships Especially two factors have made it markedly more expensive for carriers to move boxes Singapore candidates can freely choose among potential employers China's CIMC must pay USD 85m to Maersk Container Industry Clarksons sees VLCC day rates passing USD 100,000 before long Evergas sold in three-digit million-dollar deal Kuehne + Nagel keeps growing in volatile market for sea freight DSV raises guidance and expects weaker market in upcoming quarters Wärtsilä's order book "clearly" increased in turbulent Q3 UN: 150 ships loaded with grain are piling up in Istanbul DP World handled more containers in Q3 45 ships ended up at Asian beaching yards in Q3 Alfa Laval receives more orders but low earnings plague parts of marine division Aker Solutions continued positive trends in Q3 DSV aims to grow further via acquisitions with market consolidation still very far away ICS sends new proposal to IMO on climate fund for shipping's green transition Current market making acquisitions harder, says Kuehne + Nagel CFO Charter rates and sales value of container ships take a real nosedive Container market to completely cool off by 2024 Market for ammonia engines will not mature until toward 2030 Carriers may have to scrap younger ships in upcoming years 60 percent of women seafarers report gender discrimination on ships New Nordic oil giant presents strong Q3 result DSV has success with customer freight insurance Deloitte to swallow extra claim of USD 100m in OW Bunker case – will not go to supreme court Government compromise allows Cosco to buy shares in Hamburg container terminal Australian Svitzer employees go on strike – again Biden team reworks plan for Russia oil-price cap as markets sour Alphaliner: MSC to order new LNG-powered container ships each of 8,000 teu Pacific Basin banks on green methanol for future carbon-free ships Crisis-stricken offshore company Dof presents deepened deficit EU aims for quick clarification on green fuels to add pressure on IMO High LNG prices prompt ships to sail on heavy fuel Recession or temporary downturn? DB Schenker COO leans toward the latter Ukrainian dry cargo director: "Grain corridor has had an immensely positive effect"Asia surpasses Russia as EU's most important supplier of oil products Svitzer appoints new COO and managing director Underwater robot to clean vessels is now ready to use Container index has dropped by further seven percent this week PIL establishes rail and road freight arm Sexual harassment rife at sea – but just one case reported in Denmark over the past six years Exmar's third quarter boosted by sale of LNG barge Data specialist Rikke Vadstrup is in hot demand: "I didn't really understand what Maersk Tankers was until my interview"Keppel Corporation markedly increased sales in first nine months Maritime bodies urge EU to intervene to change new bill on seafarers' rights Equinor raked it in during record quarter Siem Offshore increases net profit in third quarter IEA: Ammonia could become future leading ship fuel Slight decline in schedule reliability for container lines J. Lauritzen makes first investment under new leadership Dan-Bunkering expands in Africa by acquiring Amoil Major bank has great faith in Maersk's growing logistics business – will hit milestone in 2024 Bimco appoints head of new office in Brussels Cosco orders methanol ships for nearly three billion dollars Embargo on Russian oil will force tanker operators to pick sides Samsung Heavy Industries declined in Q3 ONE feels inflation and energy prices hurting demand Unallied carriers have tripled capacity on Asia-North America – this will end soon UN, Türkiye and Ukraine defy Russia and continue grain shipments via corridor Gram Car Carriers acquires ship for USD 49m MSC demands changes to CII: Rules punish at random and will reduce fleet capacity Port of Rotterdam's throughput increased slightly in year's first nine months Fewer Covid restrictions good for seafarer happiness Valaris continues upswing in Q3 – is positive about market outlooks Kristian Mørch and J. Lauritzen have eyes fixed upon offshore wind – also indirectly Hannisdahl leaves shipping fund with ambitions to found his own Documentation for CII paradox: Non-active ships receive worst climate rating Scorpio Tankers sets the stage with quarterly result of USD 266m Consortium including ONE takes over Seaspan owner for almost USD 11bn Maersk lands record result in Q3 – maintains full-year expectations Falling rates have almost halved container stocks in 2022 Seaspan owner doubled net result in Q3 Golden Ocean: CII has been invented in a theoretical world Acquisitions behind most of Maersk's logistics growth Wallenius Wilhelmsen presents strong Q3 results – and is optimistic about prospects Russia agrees to resume Ukraine grain export deal MSC has bought 250 second-hand ships in two years Dorian LPG bags profit on elevated rates Maersk close to settlement in Hope Hicks harassment case: "We believe it took place"BlackRock invests in Frontline – but slightly less than first announced Maersk supports MSC's critique: Climate regulation should make sense and be enforceable Svitzer denies Australian union's allegations in disputed labor settlement Odfjell advances strongly in Q3 – expects even better rates Norden returns large sum to shareholders after strong leap in quarterly result Noble went from red to black figures during Q3 Ardmore continues upswing with another record result Euronav pushes proposed merger with Frontline into 2023 MSC plans to pass European climate costs on to customers Jan Rindbo doubts price cap on Russian oil Transocean losing less money than previously Teekay Tankers reports spot rates two to three times higher than last year Eagle Bulk ready to buy ships "on an opportunistic basis"Two countries blocked Maersk's sale of container factory: "Unfortunately"AD Ports creates new feeder giant Maersk is looking into large-scale production of green fuels in Spain Impatient shipping execs face future of unknowns Flew cash in private jets: Glencore to pay large penalty after wide-scale bribery US blacklists 11 tanker vessels part of network carrying Iranian oil Young talents want three key things from a shipping job: "The world is changing"UK government bans insurance of ships carrying Russian oil Søren Skou on competitors: Good thing everyone isn't chasing the same strategy "Complete collapse" in demand for container freight – and it could get even worse Maersk criticizes oil firms of slowing down green transformation Norden prepared to put capital to work American fund takes stake in Havfram with capital injection Maersk raises price on land transportation Christinia Shipping adopts new software to green its ships Norwegian minister rejects fierce criticism of seafarer bill Russia’s crude shipments hit five-month high before sanctions Port congestion is waning – but things are getting worse in one region German political parties want protection against China buying infrastructure Evergreen raking in yet another massive profit DHL continued progress despite no peak season in sea freight DP World invests half a billion dollars in new climate strategy Danish harassment investigation of shipping halted indefinitely Greece abandons sale of strategically important port DHL predicts harder times ahead: "There is clearly a fear of things getting worse"South Korea launches yet another major aid package for domestic shipping companies Tanker operator speaks of "market recovery" after back-to-back profit South Africa wants its own national shipping company Singapore and US plan to create a corridor for green shipping Climate summit directs focus toward shipping's green shift Box market set for a hard landing as hopes of a normalization begin to evaporate Danaos gets big bank deal to refinance debt HMM concerned about consumer spending and stacked retailer inventories Eneti nears closing credit deal on two newbuildings J. Lauritzen takes big profit from car carrier after only nine months of ownership 2020 Bulkers' bottom line declined in Q3 Shareholders criticize troubled carrier's rescue plan right before decisive meeting New luxury cars pile up in major German port due to shortage of truck drivers Sovcomflot continues conversion of Western debt into ruble bonds Maersk and MSC accused of favoring own port terminals in Brazil Hapag-Lloyd to keep investing in ports despite bleak market outlook Torm lands biggest profit to date Larger fleet and ship sale behind advanced result for Norwegian bulk carrier Green transformation of container ships could lead to massive extra bill in Europe Container market expected to grow every year ahead of 2030 Pension firms reconsider Glencore investments after bribery sentence Habben Jansen confirms decline: "Right now is a bit of a bumpy ride"Meldgaard eyes recession-proof tanker rates far into the future IMO members remind each other of rescue rules following Maersk Etienne incident France launches maritime climate plan to make domestic shipping greener Stena Oil commissions bunker ship for green fuels Shipowners have big loans in China – now they are starting to worry about sanctions Media: US freight forwarder to dismiss high number of staff Concordia Maritime missed upswing: "It is obviously sad"Semco signs big North Sea contract with TotalEnergies Pool of potential shipping CEOs is changing character Container rates decline for 22nd consecutive week Dof lost fight with shareholders – rescue plan turned down Yara and MOL to strengthen ammonia supplies for shipping Gram Car Carriers bags lucrative contract Svitzer locks out Australian staff after 1,100 labor actions Intermarine takes over WeShip and appoints partner as regional head Port of Hamburg's result strengthened by Chinese container traffic Bunker Holding wants to hire head of biofuels Customers are putting pressure on carriers: "There is clearly an element of payback"Viridis Bulk scores another partner Monjasa is skeptical about proposal on green penalties for bunker firms Labor union fires back at Svitzer and predicts port chaos in just a few days Port workers call off strike in Liverpool after wage raise CO2 quotas for shipping are drawing out Torm has no need to grow bigger: "Now we are reaping benefits"Sky-high rates behind Flex LNG's improved result Scan Global bucks market trend – has no plans to halt new appointments Trafigura head: Shipping risks losing fight over green fuels Norwegian offshore operator expects strong wind market growth US shipper highly displeased with Maersk in new complaint to FMC Tonnage providers could end up losing when box market overcapacity manifests 20 new ammonia tankers needed annually to meet demand for the green fuel Maersk and MAN call for production boost of green hydrogen Svitzer lockout affects dry cargo operators: "This will be expensive for Australia"Golden Ocean marked by slowdown – bottom line drops by more than USD 50m Sea Cargo Charter working to land new emission agreement in 2023 Congestion behind falling Port of Hamburg volumes More container ships left without work as free capacity nears 5 percent Golden Ocean CEO puts his faith in reopening of China Germany's first LNG import terminal completed APM Terminals hit by possible cyberattack in Guatemala Tanker ship hit by projectile outside Oman Port workers resume work in Oakland Maersk to buy 100,000 tonnes of green methanol from US source by 2027 Workplace tribunal to force halt of Svitzer lockout to avoid Australian port chaos DFDS more than triples profit Zim lowers guidance due to economic and geopolitical uncertainty Report: Shippers and suppliers are still missing from green corridors US blames Iran for attack on tanker vessel off the coast of Oman MPC sees less demand for ships and shorter contracts Grain deal will be extended by 120 days Climate clause from Bimco ready after eight months of deliberations Dof creditors voice criticism in letter following rejected rescue plan DFDS has tackled several crises: "We are not too concerned about a recession"Workplace tribunal postpones Svitzer lockout for six months Star Bulk used grain corridor to get two ships out of Ukraine Tanker upswing could survive recession thanks to Russia's war and EU sanctions Scorpio Tankers CEO on soaring rates: "The party hasn't started yet" DFDS CEO: "We are always looking for acquisitions"Solstad losses continue due to dollar-denominated debt Utilities reveal plans for hydrogen terminal in Hamburg COP27 outcome only adds more pressure on IMO Sky-high LNG rates could last three years Maersk settles with Hope Hicks in harassment case Oil prices fall on weak demand outlook after China quarantines Hafnia overtakes rivals with record result Costs of German LNG terminals ballooning Priciest container routes falling fastest on course to pre-pandemic levels Drone circles ship in the Gulf of Oman following attack against product tanker Søren Skou after Hope Hicks settlement: "Best outcome for her and for everyone"Mikael Skov boosts dividend and downplays Hafnia's appetite for vessels Longer distances and empty vessels set to boost product tankers Portchain entering new phase focused on carriers Shipping groups urge EU to enact green climate rules Maersk enters harassment settlement with second female cadet Havfram wants to build a whole fleet of wind installation vessels European shipowners want ETS revenue earmarked for green investments DFDS CEO: Record result can help attract and retain employees Qatar to provide China with LNG for 27 years Oil prices rebound after Saudis deny OPEC mulling output boost Russia reiterates it won’t sell oil to nations that cap prices Equinor to develop deep-water discovery in Norwegian Sea Shippers and banks must put pressure on carriers to scrap ships more responsibly Cadeler triples its fleet with commission of costly installation vessel Green-fueled vessels to transport a quarter of Maersk's sea freight in 2030 Maersk to significantly expand headquarters Port congestion ends on US west coast: "Backup is over after 25 months"MSC abandons plans to buy Italian airline Soaring tanker ship values could make Hafnia dividends increase at a faster pace Russia to continue crude oil exports via "shadow fleet"Methane and nitrous oxide to count in CO2 quotas for shipping Carriers are holding back: "The buying spree is clearly over"EU considers imposing price cap of USD 65-70 on Russian oil Svitzer wants rivals to take climate measures: "We must create momentum ourselves"Entire Dof board up for election at new general meeting New photos show ship damage after drone attack off Oman's coast Analyst firms predict tough times ahead for logistics Oil lobby wants Norway's government to take more risk in offshore exploration Hunter Group has divested its entire fleet Carsten Mortensen prepares to launch new shipping fund Gard enters partnership to assess operational risk of climate-friendly pilot projects Six specific ocean voyages illustrate absurd CII paradox APM Terminals appoints new head of Nordic business Europe still importing lots of Russian crude right before launch of embargo EU prolongs oil price cap talks as Russia hints view may soften Truck drivers once again block major ports in South Korea Biden still confident about price cap on Russian oil Nigeria wants to prosecute Danish soldiers in pirate case Shipping analyst: Container market is experiencing a "hard landing"DB Schenker raises land transportation prices Lauritzen Bulkers criticizes new climate clause for favoring shipowners Avance Gas is optimistic despite Q3 decline DNV: Methanol-powered container ships are cheaper to build than LNG vessels Media: South Korea engaged in conversations about selling parts of HMM Germany in need of ports for major offshore wind expansion CMA CGM expects sharp decline in freight rates Søren Skou is optimistic ahead of contract negotiations with customers Demand on busiest container routes at lowest level since pandemic Tanker companies pay out massive dividends Danish offshore company sued by former US partner over collapsed wind farm deal Ukraine to send 60 grain-loaded vessels to countries struck by famine Ceva's top line advances after acquisitions of smaller competitors South Korea's government prepared to intervene against striking truck drivers Ship arriving in Rotterdam Sunday documents shifting trend in energy trading Alleged pirate avoids sentence after exchange of fire with Danish soldiers Maersk Tankers secures USD 150m credit facility Europe's biggest port confirms challenge: "New skills are needed in new jobs"BW Epic Kosan doubled bottom line in Q3 MSC receives its first commissioned cargo aircraft Truck driver strike in South Korea intensifies KPI Oceanconnect expects fuel price spikes when embargo on Russian oil enters force UN: Ten largest carriers sit on more than 80 percent of market Russian diesel halt is still looking like Europe's big problem Germany and Qatar sign 15-year LNG supply deal Russian demand keeps freight prices high – particularly for one tanker type EU lands preliminary agreement for CO2 quotas for shipping Maersk drops blockchain platform Port of Rotterdam to house EUR 100m hydrogen facility Frontline is confident in prolonged tanker upswing EU is hooked on Russia LNG and paying billions to keep it coming Costamare reveals more details about new dry cargo operator Box carriers to see big drop in earnings – are fighting for volume already Frontline with capital appeal to shareholders to get merger approval Shipowner associations positive about preliminary climate deal: "We are pleased"Celsius Tankers confirms order for new LNG vessel Maersk's prestige project never took off due to skepticism among rivals Talks between South Korea's government and striking truckers have collapsed again SAL Heavy Lift takes full ownership of rival Intermarine Maersk explains Tradelens shutdown: Central players won't share "necessary data"KPI takes over responsibility of major customers in Bunker Holding South Korean government tries forcing truckers to resume work EU closes in on USD 60 price cap for Russian oil as deadline looms Former senior engineer at DNV convicted for selling information to Russian agent Liner companies' guard against a hard landing is starting to crumble Nordic Shipholding plans to close shop next year Terntank orders new vessels ready for methanol and sails Major carriers have improved punctuality Oil set for weekly gain as China eases curbs before OPEC+ meets Maersk fires additional employees for harassment after internal investigation Container rates decline for 25th consecutive week Executive profile leaves Zeronorth for Maersk Tankers Stena AB more than triples earnings in Q3 Concordia Maritime contemplates selling additional ships US passes new law preventing railway strike and chaos in supply chains 300 ageing tankers to ensure flow of embargo-stricken oil from Russia Russian ships ferried several thousand tonnes of stolen Ukrainian grain Dof files for reconstruction after failing to land rescue plan Europe’s new sanctions on Russian oil kick in with USD 60 price cap Major Korean union joins truckers’ protest as strike broadens Congestion problems could disappear from next year FMC receives wave of complaints over liner companies Trafigura secures gas supplies to Germany with billion-dollar loan US demand at Chinese factories has declined by 40 percent Søren Toft explains spree of ship purchasing: "If we hadn’t done it, I’m pretty sure someone else would have"Forwarders express concern about Maersk's dual role in sea freight and logistics Gard to increase insurance premiums next year – but not as much as competitors US bank offloads shares in Frontline in dash exit Oldendorff invests in maritime IT company founded by Synergy top exec Tankers queuing up off Türkiye following cap on Russian crude Danish carrier fights against claim from former US partner Japanese carrier pledges launch of 40 LNG-fueled vessels by 2030 Torm has carried crude oil to take advantage of elevated prices South Korea puts a figure on consequences of nationwide strike North Star to build 40 vessels for offshore wind in North Sea Russian response to embargo could make oil historically expensive Scorpio Tankers reduces outstanding debt substantially Norway aims to activate grid-scale offshore wind by 2029 CMA CGM to acquire two flagship terminals at strategic US gateway World's largest vessel is far from maximum capacity on maiden voyage South Korea's government will protect strikebreaking truck drivers Analyst cautions against easy approach to new climate law: "One should be careful"Greek shipowners want enhanced climate control of suppliers Ever Forward pilot wrote messages and emails on his phone right up until grounding Newcomers withdraw from main routes after price collapse Saverys close to preventing full merger after increase of Euronav stake Port of Rotterdam commissions study into possible ammonia facility Bimco points out when container upswing came to an end New clause could lead to legal disputes and come as a surprise for operators Western countries attempt to dissolve oil tanker traffic jam in Turkish waters Leading carriers are preparing wave of orders for green container ships Delayed shipments from China once again pressuring supply chains Report: Shipping must halve fossil fuel use prior to 2030 Oldendorff issues crass critique of CII: "Will do more damage than good"Seaspan makes deals with customers as usual despite criticized climate clause Yet another shipping company moves into air freight Oil producers are uneasy over Russia price cap Trafigura books record result in market characterized by "turbulence"Price mechanism on container market has been turned on its head Rival criticizes strategy behind Tradelens: "Which problem does it solve?"Norway joins cap on Russian oil APM Terminals changes management in Nigeria Russian oil can find way to Europe through embargo loophole South Korean truckers call off strike Türkiye maintains checks on all ships despite widespread Black Sea congestion DSV hires new head of global sustainability CEO Steffen Jacobsen's spell at Evergas comes to an end Former Maersk captain accused of sexual harassment against chief cook Søren Skou steps down as Maersk CEO USTC exec: Financial crisis nearly ended us Two major aspects needs addressing when IMO convenes this week New figures are a bad omen for carriers: "We are rapidly approaching the bottom"A Danish-speaking Swiss becomes first foreigner at the helm of Maersk Maersk chooses obvious heir to continue drive into logistics Vincent Clerc sets new targets for Maersk in preparation of difficult times Shareholders call for entirely new rescue plan for Norwegian carrier Day rates of USD 400,000 bear witness to offshore rig upswing Havfram confirms commissioning of first vessel Saverys family secures enough shares to prevent full merger of Frontline and Euronav Oil extends gains as China signals further easing of Covid rules Vincent Clerc faces several challenges when taking charge of Maersk next year Kuehne + Nagel expands engagement with Vestas Türkiye’s oil tanker backlog is starting to clear Russian-affiliated oil tankers avoid tracking to circumvent price cap Habben Jansen breaks with pessimistic trend – sees signs of market recovery Lauritzen pulls out close to USD 16m to increase ownership share in BW Epic Kosan Wan Hai to scrap ten worn-out container ships Saverys has spent USD 620m fighting Frontline-Euronav merger Customers are willing to pay extra for green shipping – but still far from enough Port workers in Felixstowe agree to wage deal, ending long conflict Box vessels avoid Suez Canal heading south of Africa instead Scan Global Logistics postpones planned change of ownership: "We are in no rush"Alexander Saverys escalates feud with Euronav in letter to management Report: Shipping should move directly to green fuels and drop temporary solutions Many container vessels heading for worst climate rating when new rules kick in Countries commit to new sulfur regulation in the Mediterranean Sea MSC port company invests major figure in US terminal project Rebel shareholders seize control of Dof Carrix makes chief executive transition – one Dane replaces another Only seven banks in Poseidon Principles comply with climate goals for shipping Scorpio Tankers buys back several ships from Chinese leasing firm Russia sets up oil-transfer site in Baltic Sea to ease tanker chaos Shipping companies could save tonnes of fuel: "There is an unrealized potential"Eagle Bulk names new CFO ATP puts pressure on new Maersk CEO – logistics strategy must get results soon Norwegian carrier to keep natural gas flowing in Germany Euronav warns shareholders against rejecting exchange offer Maersk signs yet another sourcing deal for green methanol Commodity shippers nearing insurance cliff for vessels to Russia Deutsche Bahn prepares sale of DB Schenker Odfjell appoints three new members in management expansion Dof management won't make changes although entire board has just been removed Crashing freight rates might threaten major carriers' ambitions to go airborne Aker BP submits development plans worth more than USD 20bn Maersk goes after Unifeeder in dispute over 41 lost Sudan-bound containers FMC to clamp down hard on box carriers punishing shippers for filing complaints Car carriers are harvesting big profits Fewer claims secure Skuld profits Søren Skou on his relationship with Uggla: "Overall, we have a good, constructive and trust-based dialog"EU agrees: Shipping will have to pay for pollution in Europe IMO sulfur limits have added costs of USD 27bn in three years Frontline investor questions offer to shareholders Zeronorth is growing with more staff and new customers: "It has been a wild year"Analyst firm: Major box carriers could face a new price war Last week's IMO meeting seen as a promising step forward Media: MSC is infiltrated by drug cartel – carrier denies allegations John Fredriksen's wealth boosted by tanker holdings Maersk to build large cold storage facility in Norway Eagle Bulk goes public in New York Billionaire John Fredriksen’s oil trader alta is winding down Intermarine sets out to be a global specialized carrier under German wings Ørsted acquires remaining stake in Swedish PtX facility Hanwha takes over embattled Korean shipbuilder Tanker operators more profitable this year than container and dry bulk colleagues Industry welcomes ETS quotas: "We have been waiting for this moment for four years"Eneti secures offshore wind contract worth up to EUR 73m Price cap on Russian oil products could prevent global diesel shortage CMA CGM makes top management transition Hempel sold marine coating to Russian security agency Shipping exec: "EU world champions when it comes to making useless legislation"Søren Skou secures big profit on share sale prior to exit ONE struggles with predicting markets: Three aspects cause particular concern Shipping majors lash out at Bimco following climate responsibility dispute New UN guidelines to improve conditions for stranded seafarers Ukraine war secures Turkish carriers' foothold in Black Sea Torm is up more than 300 percent this year MSC completes billion-dollar deal in Africa Frontline continues fusion plans with move to Cyprus Carriers return expensive ships to owners prematurely Oil pushes higher after drop in US inventories Will Vincent Clerc find his own replacement within Maersk or is fresh blood needed?DB Schenker could be sold to private competitor Port of Rotterdam to introduce flow meters – but there is no deadline yet Axel C. Eitzen passes torch to son following record-breaking year in Christiania Shipping Bimco ready to listen to shipping companies following critique of climate clause Captain still reported missing following fire aboard cargo ship in Turkish waters It will take more than one new fuel if shipping is to reach climate goal by 2050 Torm becomes heavyweight on Scandinavian stock exchange: "We are very proud"Denmark resumes investigation into harassment at sea Norden announces sixth upgrade this year Lars Rhodin passes on leadership of The Swedish Club Bomb threat made MSC ship turn back at Antwerp Container rates continue downward trajectory Shanghai Port strives to keep global trade moving despite Covid ShippingWatch wishes you happy holidays Customers have a long wish list for carriers following logistics chaos Winter storm walloping the US threatens to disrupt LNG exports It's official: Nordic Shipholding shuts down in 2023 Maersk to install video surveillance on ships to prevent harassment in US Søren Skou is not worried: "Whether it’s jeans or sneakers, I think there will still be a global trade"Japan’s LNG buyers check how insurance halt will affect supplies Seadrill snags former subsidiary in billion-dollar deal Eagle Bulk is optimistic for 2023 Hafnia welcomes first of newbuilds to be chartered to oil majors ONE take majority stake in US port terminals Carmakers quietly cut ties to China Maersk opens new cold storage facility in Saudi Arabia Carrier quits expensive LNG and replaces engines on two ferries Solstad Offshore lands million dollar subsea contracts Japan set to import first crude shipment from Russia since May Kremlin bans export to countries with price cap on Russian oil Carriers dominate list over biggest splurges in logistics in 2022 MSC reaches 1 million teu in secondhand ship purchases Time charter rates finally follow crashing freight rates Uniper to build green hydrogen plant in UAE MOL secures major transition-linked loan US offshore wind developers continue to seek annulment as viability sags Shipowning shown as prominent in new poll of Norwegian billionaires Another European port joins scheme for green ships Ship insurers’ exodus from Russia-Ukraine trades gathering pace Carriers might face tough year: "Recession and shipping doesn't mix well"Fewer ships fly the Danish flag for first time in years Maersk's large methanol-fueled ships now under construction Oil extends drop in thin trading as fears over Covid wave mount DFDS buys Northern Irish logistics firm in major transaction Kuehne + Nagel expands Belgian logistics facilities Maersk Broker takes over US dry cargo broker Odfjell has gone from near bankruptcy to stock exchange winner: "We deliver good results"New figures: MSC surpasses Maersk in schedule reliability Media: Japan insurers to continue Russia shipping coverage This year's most read: Skou's farewell, logistics rally, CII trouble and curbed Russian trade Spot prices out of China increase for the first time in seven months Evergas alters management after change of ownership and CEO departure Yet another country tightens air pollution demands for ships Russia set to export large amounts of diesel before EU sanctions Borr Drilling wins big contracts for two rigs Hunter Group contemplates new project Analysts: One particular segment could face a prosperous 2023 Christmas top stories: MSC, methanol vessels and 2023 projections Danish shipping advisor becomes head of transportations in industry group Chinese shipbuilders bagged the most new orders in 2022 French antitrust authorities still probing DFDS deal New CEO looks to rephrase classic Maersk phrase CMA Terminals swaps out of Russia Chief analyst warns: New regulations might kill off ship ownership as we know it Tough macroeconomy seen impacting oil prices in 2023 More than 16 million tonnes of grain shipped from Ukraine through Black Sea corridor New ships might cause "significant dive" in VLGC markets Danish shipping satellite to launch on Tuesday Shanghai is busiest container port for 13th consecutive year Problems delay Norwegian offshore wind operator US surges to top of LNG exporter ranks on breakneck growth Many offshore carriers heavily indebted despite surging stocks in 2022 Mads Zacho to make Navigator a blue ammonia factor Dry bulk rates halved in 2022 DFDS: "We need a level playing field to prevent social dumping on the Channel"French marine company pulls out of Russian engagements German government provides financing for three LNG vessels Colossal container ship delivered to Evergreen four months ahead of schedule Raised Chinese oil quotas bode well for product tanker MSC grew more than any other carrier in 2022 China creates uncertainty for major dry cargo operators – it could go both ways Maersk to build new logistics center in China K Line sets course for record-breaking 2023 Evergreen ordered to pay back fees to trucking company in US Carrier share prices nosedive in spite of historic upswing One particular fuel dominates among newly ordered vessels Union Bulk reaches milestone: "Not in our wildest imagination had we though it would go so fast"C.H. Robinson ousts CEO Chinese New Year rush may well fail to meet carriers' expectation Evergreen to pay for for ship grounding in the US US shipper and Maersk-owned carrier escalate dispute on alleged retaliation China gets permanent seat in shipping's leading lobby organization Petrobras CEO resigns ahead of Lula's nominee taking over Scorpio Tankers lands new credit facility US denies offshore wind developers pleas to annul contracts Hempel still stuck in Russia – hopes to sell factory soon Norvic Shipping to expand business with new credit facility RWE and Equinor plan Norway-Germany hydrogen pipeline Costamare Bulkers appoints new head of bunkers MOL to continue transporting gas from Russia Flexport hires another Amazon profile for leadership position Opinion: Carriers are blamed for a lot of things – but inflation should no longer be one of them Marine insurers to handle several crises at once in 2023 Transocean securing contracts at unusually high rates Irish Ferries won't comment on DFDS allegations about unfair competition China's controversial investment in German port almost finalized Eagle Bulk begins 2023 with acquiring new bulk vessel Increased Chinese crude buying spooks European oil traders Oil prices edge up following Chinese border opening Maersk Oil Trading snags new Head of Risk from Rosneft Container lines are far more reliable in Europe than in the US Bulk vessel ran aground in Suez Canal China eases restrictions for international crew change Carriers see losses on main routes due to collapsing spot rates Braemar appoints new head of dry cargo research from competitor Steep drop in freight rates may force some carriers to slash their outlooks Evergreen awards monster bonuses to select employees 2023 might be another great year for shipping shareholders Frontline and John Fredriksen give up tanker fusion with Euronav Vincent Clerc sets brand new executive team Norwegian North Sea field fills Russian crude supply gap Tanker carrier secures major credit facility with several Nordic banks DNV's ship management software hit by cyber attack Dorian LPG enters new partner agreement with Mærsk Center for Zero Carbon New executive team to steer Maersk through recession: "A lot of highly experienced industry people"Maersk expands top management to bring crucial debates to the executive table Euronav takes severe stock market beating following scrapped Frontline merger US state bans cell phone usage for ship pilots after grounding incident Saverys wants changes to Euronav after failed merger Accident board blames faulty safety measures aboard Norden tanker for fatal incident IMO should agree on climate neutrality – a "disaster" if not Market for second-hand vessels halved during 2022 Three Chinese factors to determine coal shipments in 2023 Vincent Clerc: Logistics impeded less than sea operations Offshore carrier goes bankrupt after major claim and dispute among owners Frontline could pursue Euronav ships following botched merger attempt Dry cargo operator running on back-up power: "The noise of generators is heard all over Odesa"Euronav threatens lawsuit following Frontline's scuttled merger Scorpio Tankers sees higher rates so far in 2023 Scan Global eyes opportunities in an unstable freight market with plummeting rates Four ships withheld in Malaysia over illegal bunker trading Are box carriers starting to fret over amount of newbuild orders?Global piracy incidents hit lowest levels in decades Why the G-7 cap on Russian fuel prices will be harder than it looks US carriers considered investing in bankrupt Danish operator Bank predicts: DSV could outbid rivals in fight for DB Schenker Markets can handle Covid in China: "It’s the lack of demand that drag things down"Maersk tops new diversity list Oil set for weekly gain on China optimism Carriers blank sailings ahead of Chinese New Year Analyst: Price cap on Russian oil works as intended Maersk invests in methanol-specialized German startup Cargill orders two methanol vessels in Japan Thousands of wind turbines headed offshore – but challenges loom Multipurpose rates face uncertain year Eagle Bulk completes sustainable biofuel voyage Esvagt's US partner Crowley met with sexual assault and forced labor charges Port of Singapore saw stagnating activity in 2022 Stena Line postpones goal of higher female representation among managers Pacific Basin increases fleet with six second-hand vessels Welcome to the new ShippingWatch Fredriksen continues upping Euronav stake following scuttled merger One type of route suffers severe blow amid decline in shipping demand OSM invested 3,156 hours and hundred thousands of dollars in leadership improvement Former partner sticks to million-dollar claim against World Marine Offshore Maersk scraps name of German forwarder Carriers order more sustainable vessels and at higher prices Suez Canal to go green by 2030 DP World projects further declines in freight rates Saverys wants to send Euronav board packing following scuttled merger Large cocaine volumes found aboard MSC vessel following false bomb threat Dachser acquires Dutch logistics provider China pivotal if dry bulk is to recover from tough start to the year New ranking: Glencore lost terrain in Singapore after bad bunker case Cosco takes majority stake in logistics unit of Chinese state conglomerate Soaring rates and supply chain chaos send customers flocking to Xeneta Chief exec has no doubt: Greenland has saved millions on carrier ownership Seven people missing after major explosion aboard tanker Carriers blank unusual amount of Asia-Europe sailings Esvagt and Crowley land US billion-dollar deal: "A significant milestone"Euronav files for emergency arbitration to halt Frontline merger exit Singapore Strait accounted for most Asian piracy incidents in 2022 Swedish shipping group contracts eight new vessels at European yard More than half of global fleet likely to receive worst climate ratings Dry bulk operators earned millions of dollars during the pandemic Singapore jails former CFO 20 years for defrauding over dozen banks Companies to bring down inventories sooner or later: "It’s uncertain exactly when this will occur"Investment bank sees even bigger potential in Norden First floating LNG terminal in Finland set for operation European ports launch offshore wind collaboration MSC to pay reparations to furniture maker in the US Merger creates new giant: "Our companies are a good match"Analyst firm: Sanctions have limited effect on Russian oil exports Norwegian carrier lands another large gas deal with Germany Esvagt wants to bag more lucrative deals in US offshore CEO confirms: Carriers affected by crowded inventories and concerned consumers Chief executive explains merger decision: "We have ambitions to grow"Eitzen Group buys Norwegian marine tech company DFDS hit by French strike on the English Channel 2022 was Port of Los Angeles' second-best year to date Pacific Basin CFO steps down for personal reasons Maersk wants new metro line rerouted to suit headquarters Fewer seafarers trapped onboard ships Frank Mortensen lands new job following exit from Maersk Broker Opinion: Nine carriers operate 82 percent of all vessels. That does not mean they control the market Container rates continue down for third consecutive week Newest addition to Eagle Bulk board has experience from Fredriksen companies Greek carrier slapped with major fine for willful pollution tampering Noble downgrades 2022 guidance after recent contract annulment Fredriksen snags up additional Euronav shares Carriers have pulled the brakes – order half as many newbuilds Semco to upgrade crane capacity on two Cadeler jack-ups Korean yard to build two gas tankers for almost USD 200m Collapse in freight prices makes life easier for European consumers Energy crisis prompts strategy changes: German bank commits to offshore financing New electrofuel facility underway in Sweden Only eight box vessels sold for demolition in 2022: "We are sure to see a backlog"Analyst firm expects higher prices for tankers in upcoming years Scrubbers more than doubled ships' savings on fuel New carrier was launched during downturn: "That keeps us motivated"Ship trading increases on heated tanker market Founder steps down as chairman of Blue Water Grimaldi orders five ammonia-ready car carriers Rebel shareholder withdraws from Dof weeks after ousting entire board Countries introduce Covid restrictions after China's ease of demands APM Terminals warns companies against overstocked inventories Challenges mount for carriers in offshore wind market Jeb Bush levels sharp criticism at candidate for IMO leadership Freighter with 22 aboard has capsized off coast of Japan Dissolution of major box alliances could be underway Maersk and MSC dissolve 2M alliance Drilling firm raises guidance for both 2022 and 2023 Container demolition to bounce back from weakest levels since 2005 Eneti bags contracts for several of its installation vessels Major US investor divests half of Hafnia stake Former Maersk Drilling executive joins Seadrill's board Søren Toft on terminated partnership: "The 2M alliance played a key role"End of 2M alliance could trigger a domino effect Hope of recovery in China keeps oil prices afloat Hapag-Lloyd to examine options for ammonia bunkering Carrier alliances shaped by decade of crises, price war and major acquisitions Hapag-Lloyd buys significant stake in Indian port operator Torm changes tactics committing to a USD 233m purchase spree Hapag-Lloyd denies further alliance disintegration Turkish freighter hit by missile in Ukraine Johan Sigsgaard: Maersk has no ambitions of entering new major alliance Robust reefer market beginning to show signs of weakness Maersk settles in sexual harassment case between captain and cook Maersk Supply Service bags major offshore wind deal in Brazil Singaporean competition authorities to probe DSME sale New partnership to investigate potential human rights abuse at sea EU considers capping Russian fuel prices at USD 100 a barrel Fredriksen now owns nearly as many Euronav shares as the Saverys family Car carriers have rarely seen such profits: "We are probably at an all-time high"Maersk rebrands Hamburg Süd and several other well-known subsidiaries Floating power station to provide energy for one million Ukrainians Income for ice class tankers has surged by 1,644 percent following sanctions Borr Drilling raises USD 400m to pay off debt Blue Water founder promises future "focus on profitable growth"Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands Drewry director eyes one central weakness in Maersk's strategy Port of Rotterdam expects regular bunkering of methanol by the summer Maersk divests historic ship – was world's biggest in 1997 New developments to Frontline-Euronav legal dispute Russia's oil cargoes surge with pipe down and fuel ban at hand Disgruntled companies lodge over 200 complaints with carriers Dof presents new rescue plan: "We need a solution now"Investment bank furthers recommendation of dry bulk stocks Total Energies prosecuted for potential 'greenwashing'Oil set for monthly drop as Chinese demand, Fed meeting in focus Hapag-Lloyd makes headway in 2022 despite year-end downturn ONE puts new figures on rate collapse – important route declined by 26 percent Shipping bank directs attention to car carriers – first loan has already been granted Wärtsilä books major loss from Russian exit Swiss-Belgian duo to develop ammonia engine for bulk carriers Greek tanker carrier teams up with Singapore decarbonization center Carriers confirm downturn: Party came to a halt in the fall Wilson declined last quarter but expects to improve results in 2023 Customers react to Maersk bidding Hamburg Süd name farewell: "Tampering with family heirlooms"Maersk and German start-up wants to enhance emission visibility for global e-trade Drilling rig company awarded with USD 392m deal for deepwater drillship Carriers move tonnage from weakened China to especially two other routes Dof board wants shareholders to rapidly approve rescue plan Freight forwarder acquires the very last jumbo jet from Boeing Wärtsilä had to abandon valuable projects after departure from Russia Maersk becomes logistics partner for Asos Carriers scrapped 292 vessels on South Asian beaches last year Dan-Bunkering has millions tied up in collapsed British shipping company European carrier orders 12 methanol vessels at Korean yard DSV books a much improved 2022 result – but a new reality now awaits Creditors in crisis-stricken Dof request bankruptcy proceedings There aren't enough ships to install giant wind turbines across Asia Stolt-Nielsen expects good times ahead for chemical tanker after new profit Mærsk Center for Zero Carbon hires new executive from port company Dan-Bunkering hires new management for Europe Euronav retains substantial dividend due to merger strife DSV sees one advantage of downturn: It will be cheaper to buy competitors Expeditors hit by claim from robot company after extensive cyberattack Maersk deploys drones in US inventories New Russia sanctions could eventually leave Europe in drastic need of diesel Bulgaria to keep up export flows of Russian fuels to Ukraine Opinion: Maersk and MSC heading for direct confrontation over customers Clarksons banks on offshore wind with new US office Maersk's chief of fleet leaves after 25 years as reshuffling continues DP World to construct large port terminal in India DSV denies savings plan but is attentive to costs Euronav CEO defends decision to retain large dividend Ziton wins multi-year deal with German utility Freight rates out of China continue to plummet Scan Global confirms possible change of ownership Scan Global Logistics sold to private equity firm EU project aims to make marine fuels with green energy Carriers are becoming more punctual following massive delays during the pandemic DP World expects uncertain growth developments in 2023 New owner to improve Scan Global Logistics’ acquisition abilities Eitzen son wants to electrify shipping as new CEO of Christiania Shipping Stolt-Nielsen plans listing for Stolt Tankers in 2023 French shipping tycoon ramps up M&A hunt with eye on Bollore arm Fredriksen company raises funds for arbitration case against shipyard Danish authorities suspending 23GW of offshore wind projects Maersk redirects traffic following earthquake Oil prices extend gains following earthquake and Chinese demand rebound Maersk could be heading for a price war with MSC Maersk on track to achieve record profit for second consecutive year Bank DNB sees box market reach record lows in coming years New major port project underway in the Baltic Sea region Countdown to clash over Euronav's board composition has begun Monjasa to provide green ammonia through new collaboration More tankers embark on illicit sailings following embargo on Russian oil DSV to support box carriers that provided help during Covid chaos Maersk books another historic profit Maersk's rebranding of Hamburg Süd will be a costly affair Equinor triples bottom line Overview: Understand Maersk's record-breaking annual result Container throughput Chinese ports increased in 2022 2020 Bulkers optimistic about the year ahead Vincent Clerc sets sight on cost reductions following collapse in freight rates Marine insurer joins Poseidon Principles Wallenius Wilhelmsen to increase focus on land-based logistics Navigare enters new area after acquiring vessel Maersk confirms skepticism towards global tax: "We were worried"DFDS increased earnings in 2022 but sees challenges ahead Palle Laursen lands new executive job after leaving Maersk Odfjell faces uncertain year after breaking with red numbers Maersk is ready for more acquisitions despite risk of recession Höegh Autoliners expects growing freight volumes in 2023 Concordia Maritime sees potential for more ship sales in 2023 DFDS helps looking for survivors amidst Turkish earthquake chaos Profit from shipping increased markedly at German bank despite fall in loans Svitzer creates new position with focus on port sustainability Norden presents its best result to date Commodity trader Trafigura faces USD 577m loss after uncovering nickel fraud CMA CGM enters collaboration with French postal service company DFDS calls for political action against competitors on the English Channel Eneti books growth from projects in Taiwan and Japan Belgian major shareholder urging full new strategy for Euronav DSV emitted much more than reported: "We have improved our methods"Russia to cut oil output in retaliation for West’s sanctions Norden shifted exposure almost entirely to tanker in just a few months Western Bulk books solid profit despite market decline in 2022 Maersk is chasing million-dollar damages from Evergeen for delays caused by Ever Given OOCL's revenue declined by 35 percent in Q4 Svitzer competitor creates world's largest maritime towage operator HMM expects reduced demand in upcoming months Euronav proposes to expand the board with two rivaling major shareholders MSC settles in dispute about damaged US oil pipeline Golden Ocean pays USD 291m for six bulk vessels Alba Tankers pays out millions to owners after large profit Patience wanes over West Coast port-labor talks as cargo drops Carriers are now paying the price for cancelling too few sailings Solstad Offshore secures new contracts and extensions Wärtsilä shuts down positions to trim its shipping business Creditors issue claim of USD 34m against bankrupt carrier Danish Maritime Authority hands over Norden's accident case to police HMM follows competitors and orders several green ships Flex LNG expects increased revenue in 2023 Organization wants EU to retain focus on black carbon in the Arctic How Citigroup helped lift the lid on Trafigura’s nickel nightmare Maersk Tankers under suspicion of violating sanctions in Spain Euronav defends green strategy after criticism from largest shareholder Ardmore Shipping turns large deficit into record profit Broker expects dry bulk boom from Q2 onwards Höegh Autoliners banks on green ammonia Eimskip presents record revenue and earnings Danaos CEO sees opportunities in box market downturn MSC hires lobbyist for position in Brussels Norden dropped oil activities in Russia: "Others may have focused more on profits"DB Schenker and MSC enter sustainable shipping partnership CMA CGM to buy and save French shipping company Major carriers to save billions by digitalizing freight documents Golden Ocean remains optimistic in spite of declined profits European Energy signs deal with HMM about green fuel German shipping companies lament the fate of historic Hamburg Süd Shanghai-Genoa freight prices reach lowest level since 2020 First large tanker captures 40 percent of own carbon emissions Shipowners propose CO2 levy and billion-dollar fund for shipping's green transformation Drug trafficking hub is used to obscure Russian oil, report says Scorpio Tankers turned red figures black in 2022 Golden Ocean CEO expects dry bulk to advance from Q3 onwards European shipowners support EU's fuel regulation on one condition Saverys wants to fast-forward talks of Euronav's future Oil’s longest run of losses this year ushers in weekly decline Eimskip and a string of Danish companies still under scrutiny for collusion Star Bulk Carriers clings to positive view on dry bulk Shell expects LNG to play a growing role in European trade Opinion: Carbon taxes could lead to significant competitive disadvantages Suez Canal raises prices for tankers Odfjell chief points to three reasons why current slump is short-lived War and congestion posed headwind to German port operator Maersk Tankers customer demands suspected ship hauled out of EU Maersk sells warehouses in Russia and approaches full exit Israeli tanker hit by new drone strike Carrier with close ties to Russia could escape new EU sanctions Russia’s shadow oil tanker fleet becomes everyone else’s problem Carrier shuts down after only four months New board program is popular among prominent shipping CEOs Lidl's container line targets customers in clothing industry Sulfur regulation from 2020 less costly for carriers than expected Danish Shipping finds new vice chair at Maersk Shipping associations urge UN to evacuate crews in Ukraine Swedish-Canadian tanker collaboration expands in northern Europe Kuehne + Nagel owner open to take part in DB Schenker acquisition Gard customers renew their contracts into uncertain year War and inflation affected Port of Hamburg's throughput Valaris reported more work in Q4, but earnings disappoint Euronav divests tanker as part of an ongoing fleet renewal Fight over German forwarder intensifies after Kühne statements Seven Seas is free of difficult past and achieves ambitious goal: "We are very pleased"ONE and Sony to develop new traceable container Sanctions on Russian diesel sales show early signs of working Singapore-based consortium trials supply chains for biofuels Maritime interests prepare European candidacy for IMO's top position Norwegian shipping bank expands portfolio despite container downturn BW Epic Kosan raises profit by 78 percent despite surging costs Container dwell time declines in US West Coast ports EU's largest port nations want further measures against sanctions evasion Wave of very large box ships about to enter strained market Maersk Tankers trying to find a solution for suspected tanker vessel Belships forecasts dry bulk rebound after last year's low Maersk Tankers venture expands to Greece Media: South Korea expects raised climate ambitions from IMO Hapag-Lloyd predicts comeback for freight prices despite recent collapse Analyst firm: French major surpasses Maersk with new order for green ships Pacific Basin lands biggest profit to date Long-serving commercial director leaves World Fuel Services Skuld sets new insurance record: "We are delighted"Carriers hope for Chinese upswing – but it won't come right away A bay off southern Greece becomes a cog in Russia’s oil supply chain Authorities approve DFDS' acquisition of Irish transport group Genco CEO prepared to benefit from future dry bulk recovery Teekay Tankers expects thriving tanker market to continue Maersk stuck with ghost ship in Russian port CIP takes over US ammonia project Lauritzen Bulkers presents another major profit Spot prices on box freight decline for seventh week in a row Shipbroker SSY enters offshore sector with new acquisition Svitzer fined in the UK after death accident Siem Offshore expects demand surge from major projects Long-lasting labor negotiations proceed among West Coast port players APM Capital to invest USD 750m in South East Asia Russian carrier and 22 ships added to US sanctions lists Carriers hesitant to withdraw ships from popular route New contracts are expected to improve Höegh LNG's results in 2023 Noble reports solid profits following Maersk Drilling merger Pacific Basin predicts better times for dry bulk: "Rates have bottomed"Ukraine wants to insure ships to promote exports EU targets disputed Dubai company with new sanctions Maersk to promote logistics leg with expansion of inventory space FMC chair accuses carriers of using fees to take advantage of customers Euronav's board intensifies feud with major shareholder Frontline lands best result in 14 years Hafnia presents its best result to date and looks into another strong year Søren Toft after MSC's break with Maersk: "We will land comfortably on our two feet"Broker hires Norwegian shipping professor as head of research Maersk wants former Adidas CEO elected for the board MPC Container Ships sees potential in shorter routes on strained box market Esvagt and US partner places order for new SOV with Norwegian ship designer Hafnia open to transporting Russian oil: "We comply with existing rules"ICS considers future for Russian board member after new sanctions German logistics giant ready to consider potential acquisition of DB Schenker Maersk sells stake in car carrier after share price surge Kuehne + Nagel impacted by economic downturn and expects challenging year EU eases sanctions on ship piloting to avoid accidents Maersk makes changes to longstanding AGM traditions Biden envoy says that automating ports doesn’t have to cost jobs Frontline chief makes it clear: Merger with Euronav is off the table Flexport chief is skeptic about Maersk's ambitions on land Hapag-Lloyd inks LNG fuel supply deal with oil major Ultrabulk continues positive bulk trend with major profit Maersk Supply Service bags offshore contract extension in Taiwan Hapag-Lloyd expects marked drop in earnings but remains positive Søren Toft is relatively optimistic about global economy Danpilot on new EU exemption: "Regulations have been made perfectly clear"India is allegedly buying Russian oil below the price cap Cosco's logistics firm to expand its network in uncertain year Companies enter new settlement in case about damaged pipeline Critical labor unions in Australia demand dialog with Maersk Analyst predicts future merger of two container majors Shareholder revives Dof conflict: "The estate is solvent"Retail majors top list of largest CO2 polluters within ocean freight Eagle Bulk distributes millions to shareholders following record result Advisor supports Euronav in power struggle with major shareholder Kuehne + Nagel rejects notion of carriers representing a threat Hapag-Lloyd sends large chunk of profit into Hamburg city coffers Opinion: Shipping is fast becoming digital – but forget about disruption The future may not be as gloomy for carriers as predicted Crew that unstuck the Ever Given says it’s owed more money US blacklists 20 vessels for breaching sanctions against Iran Container freight prices continue downward trajectory CMA CGM eyes signs of an improving global economy after new profit Russian chief executive resigns from ICS board Oil drops on China's cautious growth goal as fed concerns linger Lauritzen's customers opt out of green fuels: "Even the tiniest price increase matters"DP World to invest USD 35m in Brazilian port Türkiye trying to prolong agreement on Ukraine's grain corridor South Korean shipyard to build high-cost LNG vessels MPC Container Ships is ready for consolidation in fragmented market Ensuring green transition includes a personal element for many CEOs Dof Subsea wins contract with Brazilian oil company China’s exports continue to slide - adding pressure to economy Maersk prepares for possible sale of four companies with 8,000 employees Hunter Group and DNV to develop CCS solution for shipping The Federal Reserve: Global supply chains are back to normal Concordia chief executive optimistic about coming years for tankers Solstad sells fleet of PSV vessels to Tidewater New report reveals multiple cases of sexual harassment at prestigious school for naval cadets Ultrabulk prepares for new conditions: "We will have to fight a little harder"Maersk Supply Service wins three-year contract on three L-class ships Labor shortage puts pressure on deliveries of new ships from South Korea Ultrabulk wants ammonia vessels at sea in 2026 Massive shareholder payouts on the way from shipping companies Himalaya Shipping seeks stock exchange listing in New York Media: Chinese cranes could spy on US ports HMM's owners moving forward with plans of privatization European Maritime Finance takes massive profit from tanker sales Japanese NYK divests its airliner MSC ready to use alternative fuels Company exodus from China could spell problems for box carriers MSC vessel loses 46 containers by Bermuda Kuehne + Nagel focuses on one major acquisition instead of several lesser ones Lackluster economy will put pressure on DHL's earnings Cadeler steers clear of US market so far: "It's too costly"Hunter Group eyeing new possibilities after fleet sale Managing director leaves V.Group in Denmark after just four months in the job Owner said to have tapped banks to lead divestment of DB Schenker Belgian-Dutch partnership to install offshore solar farms German carriers think that discrimination is an issue – but won't investigate Russian oil gets more pricey as pool of Asian buyers expands DNV: Offshore wind facilities expanding rapidly toward 2050 Chinese reopening and a small fleet create favorable conditions for Italian tanker A ship from 1957 could lead the way for green tugboats Carrier sells supertanker to UN to prevent environmental disaster Rates on reefer freight show market normalization Søren Toft sent back to school as CEO of MSC: "I'm learning a lot"Hugo De Stoop accepts conflict could end with him losing his job Container freight rates drop for ninth consecutive week Recent purchase makes Tidewater the largest offshore carrier in the North Sea Criminal case against Hicks's assailant aboard Maersk ship still undecided Yang Ming expects better times at year end Japanese shipping group aims to expand in containers and logistics Navigare Capital Partners sells container vessel to German company Asia was alone in reestablishing box freight after Covid More than 140 tankers are now exporting Russian oil Hafnia's bunker alliance now covers more than 1200 vessels Larger storage facilities constitute dilemma at German chemicals group Maersk opens first freight route to Ukraine since war began Companies predict new trade patterns and increased global uncertainty China giants eye PSA's billion-dollar stake in CK Hutchinson Ports Zim expects earnings to plummet in 2023 Scorpio Tankers repurchases six vessels from Chinese leasers Grain agreement in Black Sea extended: Parties disagree on extension length China removes all remaining curbs on Australian coal imports World's largest box ship heading for Europe on maiden voyage Container ship count in US waters falls by half Tanker vessel suspected of sanctions breach heading for port in Türkiye Study: Retrofitting to green ammonia will be difficult and costly Retail giants launch new alliance for green sea freight New environmental rules prompts Hempel to reach all-time high DSV hit by massive claim from retail chain in Denmark CMA CGM becomes co-owner of French ferry company Supertanker earnings increase by almost 100 percent after Russian oil embargo ONE orders ten vessels capable of sailing on green fuels The Suez Canal breaks record for single-day vessel registration Maersk and MSC discontinue service offer on main route Hempel is once again postponing sale of Russian factory: "It's beyond frustrating"IEA: Russia’s oil revenue drops sharply as price caps work Evergreen increased profits by 40 percent Declining numbers for scrubber installations Analysts: There is risk of prolonged downturn for carriers Torm continues earnings craze with record profits in 2022 MSC's container capacity is half a million above Maersk's Logistics companies see opportunities in UK two years after Brexit Oil climbs from 15-month low after banking crisis roils market Western Bulk sees opportunities in widespread uncertainty Oil market in surplus as Russia pumps more crude Torm sees political support for tax scheme despite whopping profits 2020 Bulkers expects strengthened market for bulk because of China Wan Hai to pay fine in USA for pandemic fees CK Hutchison looking to expand ports in several countries Stolt-Nielsen still looking for a new CEO more than a year after decision Major US port enters deal about green corridor to Japan DSV chairman downplays interest in DB Schenker: "It's not as simple as just buying another company"Oil set for worst week this year as traders watch for OPEC+ move Opinion: Carriers are in the midst of a downturn – and their different reactions provide a strong indication of the future Maersk to share millions of reefer data with customers and partners Falcon prepares for decreased earnings after exiting Russia Freight rates out of China increase after nine-week-long plummet Employees of Evergreen receive up to five years' pay in bonuses Black Sea grain deal extended for 120 days Port of Los Angeles expects improved freight volumes Mærsk family's holding company acquires Maersk Supply Service Supply of boxes back to levels supporting shippers on less busy routes Cadeler's contract with Ørsted in jeopardy due to political dispute Crisis-stricken Credit Suisse among the largest lenders to shipowners Rising rates are reshaping once-lucrative commodity trades US wants to cut CO2 emissions from global shipping by 96 percent in 2040 OECD: Questionable whether state support for shipping benefits society Clarksons: Shipping is better suited to deal with recession than in 2008 Green lobby after US climate proposal: "Europe has buried its head in the sand "Maersk chair had nothing to do with carrier divestment due to double role Navigator Gas lands new credit agreement Peter Twiss resigns as CEO of Oldendorff Türkiye aims for senior position at IMO with Greece's support Methanol could become the preferred fuel for new vessels already in 2023 Bulk operators are optimistic: "All trends are positive in China right now"Sale of South Korean shipyard approved by Vietnam West Coast dockworker labor talks strained over lunch-break spat Key actors in shipping to help developing countries with green transitioning Maersk reveals design of its new sustainable vessel Stolt Tankers acquires new ships for Caribbean routes Maersk has called off the most voyages after drop in demand Shipping could become early victim of Taiwan conflict New chemical carrier goes public with seven tanker vessels Norway's minister of finance affirms: No changes to carriers' tax benefits International partnership will test CO2 capture on tanker Greek shipowners see much uncertainty ahead: "No one is able to predict the outcome"Russian oil could end up in tanks of European ships through simple maneuver OOCL expects gradual container market recovery later in 2023 Case of fired Maersk captain will return to court at US Coast Guard Bulk carriers are sailing record-large wood volumes to the EU Scan Global promises female board members after ownership transfer Hackers have gained access to customer data from Maersk Cargo ships must use 2 percent green fuel in EU from 2025 Japanese K-Line installs kite system aboard one of its vessels Media: Private equity firm to sell Wrist Ship Supply after 15 years of ownership Taiwan risk makes carriers look for alternatives to Chinese yards and banks Commercial officer leaves Maersk Tankers Norwegian shipowners: IMO must secure climate neutrality by 2050 Maersk Training with profits for second year in a row John Fredriksen joins Euronav board following vote Japan shipper seeks government support for Russia insurance risk Hafnia rewards management with new share options EU shipowners want to tighten demands for fuel suppliers Spot rates out of Shanghai are back to downward trajectory Rodolphe Saadé has a special gift that bests both Maersk and DSV DFDS and port cities to increase sustainability on the English Channel NGO on climate summit: "We haven't moved an inch"Torvald Klaveness predicts more moderate dry cargo growth this year Dry bulk carriers look to Japan as alternative to Chinese yards Robert Bugbee's holding company increases stake in Eneti Large pension fund demands changes to Maersk's board Aging shadow fleet carrying Russian oil poses disaster risk Maersk enters methanol collaboration with world's largest port Vincent Clerc describes China's recovery as below expectations Freight thieves in US ports target food products UK takes action against ferry operators after pressure from DFDS Container carriers' operating earnings exceed USD 91 billion in 2022 Shippers have gained the upper hand on the Pacific Singapore approves divestment of South Korean shipyard Russian oil flows hold fast even as Kremlin says output slashed Himalaya Shipping looking to raise millions from IPO on NYSE 45 countries want shipping's emissions to be zero in 2050 Oil holds surge as halt to Türkiye flows adds to market optimism Monjasa vessel attacked by pirates in Gulf of Guinea US draft bill seeks to ban container vessel sharing agreements Less Chinese steel could halter dry cargo upswing Cadeler bags record profit and prepares for ship modernization Maersk Tankers finally gets rid of suspected sanctioned oil cargo Company behind rotor sails receives fresh capital ATP votes against increased bonus for Maersk's new CEO Clerc considered other solutions than selling Maersk Supply Service to main shareholder Consortium completes acquisition of Seaspan owner China leading miniscule progress for world's major ports Major shareholder got his new Maersk board in place despite criticism Cadeler signs installation deal regarding 95 wind turbines Odfjell presents its strongest annual result in 15 years Danish Shipping wants greater focus on piracy after new attack on ship Norden to resume sailing the biggest bulkers Shipowners fear wide-ranging consequences of law against low wages South Korea hires advisors for divestment of HMM Havfram to install wind turbines in the North Sea for Vattenfall and Ørsted Euronav vessel accused of loading Iranian oil Major stakeholder sells off Torm shares after share rally Media: Divestment of DB Schenker unlikely to finish before 2024 Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"Weco Shipping lands yet another record profit: "It has been a great year"APM Capital acquires South African logistics company High contract rates behind increased Stolt Tankers profit in Q1 DNV expects continuation of strong growth in 2023 after record-breaking 2022 New actors report for duty on container route between Russia and China Pirates have kidnapped seafarers from captured Monjasa ship Torm's major shareholder cancels share selling after price decline J. Lauritzen becomes co-owner of yet another venturing offshore operator Svitzer sets target to halve its CO2 emissions by 2030 Mærsk family's tanker carriers reaped big profits in 2022 Fuel-tanker demand is booming as Asia, Middle East refine more oil Flexport wants to be global focal point for logistics and forwarding from 2026 2022 was a record year for Höegh Autoliners: "Extraordinary"MSC renames Bolloré company after acquisition Navigator's new loan includes demand for females in management Oil rockets 8 percent after OPEC+ jolts market with surprise output cut APM Terminals wants to expand port in Rotterdam Russia's war prompts five tanker carriers to break all records Major shareholder is selling off DSV shares CMA CGM wants to take over Lebanon's postal services Seven candidates aim for election as IMO's next secretary general J. Lauritzen wants to build bulkers that can sail on green methanol Saverys family wants to delist Belgian shipping firm Earnings of major carriers dropped by 46 percent in late 2022 Euronav to send massive dividend to shareholders Norden to pay fine after two deaths aboard tanker CMA CGM signs agreement on air freight Maersk opens two new routes for air freight between US and China Seaspan wants to create global network of companies with green fuels Companies are still struggling with overfilled inventories in US Maersk employee arrested in Rotterdam as part of drug trafficking case Companies will save millions on sea freight after two years of sky-high prices Norwegian box carrier promises halving of CO2 emissions in two years Crowley Maritime charged in new case of sexual harassment John Fredriksen is now the biggest shareholder in Euronav Carriers have improved their schedule reliability China's major ports undermine Western goal of moving production ShippingWatch closed for Easter Record year shows great differences in carrier earnings DNV has no plans of returning to Russia About 400 box ships heading for demolition after freight rate collapse Kuehne + Nagel earns above competitors Report: Shipping must increase efficiency to reach short-term climate goals Seadrill expects more investments from oil customers IMO's next secretary general could be a woman from Kenya Pirates board yet another tanker in Gulf of Guinea CMA CGM places major order for green ships at Chinese yard Dane to be new head of ocean freight at DHL Struggling food producers put pressure on reefer market Cosco projects huge slide in net profit for Q1 MSC's owner increases his personal fortune by almost USD 15bn Lauritzen's holding company secures profit "far above expectations"Container prices increase for second week in a row Container volumes on main routes out of Asia are dropping markedly Scorpio Tankers repurchases another six vessels Criminal case against Hin Leong founder has started in Singapore New design to bolster Maersk Supply Service's European foothold Pressure on global supply chains has vanished completely MSC moves past Maersk measured in reefer capacity Ship database VesselsValue finds new owner MAN expects to put ammonia engine up for sale in late 2025 Family members demand change in Norwegian shipping group Carlsen calls for European subsidies as a response to major US climate package Weco owner after another record: "This time we make the decisions ourselves"HMM has more than halved its carbon emissions in a decade Opinion: Customers should take a close look at carriers' green services Carriers' preferred box leaser is close to being sold Major maritime law firm files for bankruptcy Slowdown in global trade means fewer boxes in Port of Los Angeles Pirates attacked commercial vessels 27 times in first quarter Hafnia wants equal gender distribution on four ships: "It’s a challenge in some countries"Semco Maritime delivers milestone report – and guides for even larger gains this year Havfram to install more than 100 turbines for German wind project Bunker One and Peninsula choose different paths on tankers carrying Russian oil through the Baltic Sea China's investment in Hamburg dinted by new security assessment Container shipping's order book has never been bigger Hempel brings in new chief financial officer Shipowner has no contact with tanker boarded by pirates Euronav's chair looks ahead after long-lasting feud with major shareholders Maersk Tankers has finally gotten rid of problematic cargo For 12 years, she's worked at sea and learned to call out women's work condition aboard ships Suez Canal sees busiest month to date in March Russia sets conditions for prolonging grain agreement in the Black Sea Höegh LNG furthers deficit despite record-high gas prices in 2022 Norden assumes responsibility in case of deaths and pays major fine Older tankers are being sold at record-breaking prices OPEC data show oil cuts will cause widening supply shortfall Danish ship helps rescue 20 sailors from pirates in West Africa Oil gains for fourth consecutive week Containers are shipped over shorter distances than prior to Covid Danpilot demands carriers' signatures after report of sanctions Cadeler to install 26 wind turbines in Øresund at a record-high daily rate Maersk Broker expects decline after its best result in 12 years Weco Bulk has already begun preparing for the next upswing Østergaard-Nielsen's chemical carrier invests in more stainless tonnage Pacific Basin eyes stronger bulk market ahead after weak rates in Q1 Sales of bunker oil increases at world's largest bunker port Shell collaborates on electrifying Port of Singapore Havfram commissions its second large installation vessel Valaris sets climate targets for 2030 Argentine grain inspectors go on strike, shipments are delayed Transatlantic activity is the primary source of growth for large supertankers China’s consumers spur economy to keep recovery on track Citrus growers face years of recovery from sky-rocketing reefer rates CMA CGM ready with offer for Bolloré's logistics business Chinese growth increases demand for dry bulk and oil The container market reached bottom and now sees spot rate growth European Parliament votes in favor of shipping quota system Smaller vessels to lead the way in Grieg's green energy transition Shipowners scrap less container ships than expected Price on second-hand crude tankers reaches highest level in 25 years US importers increasingly steer clear of West Coast ports New propellers to make HMM vessels more energy-efficient XO Shipping dish out major bonuses after decreased profits in 2022 Türkiye, India and China keep tankers busy with Russian oil Greenlandic carrier divests forwarding business Seadrill flipped deficit to profit after restructuring US extends embargo against Russian ships More inactive freighters have resumed operations Maersk making shipyard rounds for ten new methanol ships PSA International buys Turkish logistics firm Special cargo rates tread water at solid level Bunker Holding holds the line while rivals grow New central council will ensure shipping influence on EU's CO2 quotas Tina Revsbech leaves executive position at Fednav Boskalis to remove oil from old supertanker off Yemen's coast Danish minister rejects criticism of pilotage market MSC's latest purchase of container ships signals prices going down Tanker company moving Russian oil loses insurance on G-7 cap US-destined box freight shifts from China to other countries in Asia Nordic shipowners: EU subsidies for green transitioning must not favorize foot-dragging carriers Ulstein to design new ships for Cyan Renewables West Coast dockworkers have a tentative agreement on some issues Siem Offshore sees high ship demand for customers' new projects Prosafe sees stark decline during Q1 for fleet utilization Opinion: Geopolitical tensions could give state subsidies a bigger role to play Gram Car Carriers sees market for vehicle vessels as historically strong Nixon demands "clear breakthrough" to achieve climate ambitions Nine countries look to double North Sea wind output G7 nations call for extension of Black Sea grain corridor Port of Rotterdam volumes affected by less Russia-destined boxes Multiple major shipping liners lack plans for green fuels Øystein Kalleklev is the new CEO of Avance Gas ONE's CEO is curious to see the aftermath of 2M alliance's breakup Who will be part of Clerc's inner circle if the executive group gets trimmed?UN lacks equipment to handle ticking climate bomb off Yemen Oil tankers tired of waiting on Iraqi Kurdish crude depart empty after a month Low freight market activity strongly affects results at Kuehne + Nagel Wärtsilä turns profit despite low demand for new ships Danish minister will fight for a high CO2 levy on shipping Oil steady after two-day gain as supply issues blunt demand woes Clarksons: Carriers push up rates prior to contract negotiations Vestager is against state subsidies for producing the future's fuels XO Shipping looks at Singapore after last year's entry into Dubai Cadeler bags major Ørsted contracts Maersk Tankers expands with voyage management services for customers Alfa Laval surprises with improved earnings in Q1 Shipping finally enveloped in EU's quota system P&O Ferries counts on profitability after mass layoffs Bank says DB Schenker could be sold this year – with DSV as the obvious buyer Maersk hired captain previously fired for sexual harassment Maersk joins collaboration on access to green methanol in Melbourne Grimaldi receives the industry's first deep-sea ConRo ship in six years Chinese shipyard achieves 39 percent of annual goal HMM enters new partnership with supplier on partially green fuel A third of maritime sales professionals have not seen a pay raise in years Indonesia's export of coal increases with demand in Asia Yet another US proposal takes aim at carriers' collaborations Prosafe CEO to step down after six years in charge Maersk pauses freight to Sudan due to intensifying conflict Hafnia requests more incentives to use green fuels Investment from Maersk propels Danish fuel-startup forward DP World handles more boxes mainly from Asia Bunker Holding secures major loan agreement with 15 international banks DSV is cautiously optimistic: "People are slowly beginning to consume again"Thorco Projects delivers another strong profit New study points out 15 challenges for female seafarers US demands Iran release oil tanker seized in Gulf of Oman DSV sees signs of a price war: "We have decided not to partake in it"New green fuel requirements could become a nuisance for carriers Carriers respond to new political attack: Accusations are based on a "false premise"Prices on long-term container contracts dropped in April Dry bulk operator Navision saw profits dwindle in 2022 World Fuel Services sees opportunities in new demands from customers Carriers increase orders for new tankers Shipping group calls for political action to make shipping green Esvagt looks into busy year with full fleet utilization Family feud dominates general meeting at Norwegian carrier DSV on low carrier taxes: "We wouldn't object to having similar terms"Cargo ship rams North Sea turbine Broker: Evergreen releases tender for 24 methanol vessels Nine global freight routes still plagued by delays Hapag-Lloyd opens office in Romania Weco Tankers waives Russian oil on moral and practical grounds Maritime law firm acquired by competitor after bankruptcy filing Russian fuel exports grow in spite of sanctions Oil prices drop as interest rate hikes loom AD Ports moves into tanker and expands within dry bulk Tanker collides with dredger in fatal accident Aberdeen aims to become UK's first net zero port by 2040 Burning oil tanker off Malaysian rings shadow-fleet alarm bells Drilling companies eye enduring upswing ahead New ships to help Norwegian carrier with halving emissions prior to 2025 Scorpio Tankers more than doubles revenue in Q1 2023 will be an acid test for Maersk's logistics strategy Chinese acquisition at Port of Hamburg still hot topic in Germany's government Maersk finally seizes control of ghost ship at Russian port Eagle Bulk confirms kidnapping of three crew members Norden bags another big profit and rewards shareholders Bankrupt retail major sues Chinese carrier 39 percent of container ship capacity is operated under carrier alliances Dry bulk order book stoops to historical low Maersk downsizes bonus to employees despite breaking profit record Maersk has begun recoating Hamburg Süd's iconic red ships Green fuel director leaves her position at Maersk Iran seizes second oil tanker, heightening shipping fears ONE's profit stoops deeply along freight rates Bunker Holding hires director with a past in Danish Shipping Maersk's profit more than halved as markets normalize Female chief steward at Maersk penalized for sexual harassments Pacific Basin hires former CFO of Norden and Maersk Jan Rindbo reports of less panic as sanctions settle in Freighters reduce average sailing speed by 4 percent Odfjell continues chemical tanker rollout with fleet expansion Clerc recognizes strain on employees during crucial phase for Maersk ShippingWatch closed Friday due to national holiday Concordia Maritime considers the future after yet another vessel sale Maersk's CEO believes in bringing forward cases of harassment Wallenius Wilhelmsen delivers below expectations due to congestion Svend Stenberg Mølholt leaves Monjasa Maersk concerned about wave of new ships: "We are not in control of that"Pirates release kidnapped seafarers from Monjasa ship Hapag-Lloyd poaches Maersk for new director of green fuels Christiania Shipping places order for new ships Bunker Holding instates extra holidays for grandparents Opinion: Collapsed rates are only a partial truth of the new normal Gas production in Middle East expected to increase steadily towards 2030 Klaveness predicts strong markets for both dry bulk and tanker in 2023 CMA CGM could join leading logistics ranks after accepted bid on Bolloré Companies save big on sea freight after expensive years during pandemic Carriers are breaking from industry discipline and dumping prices Maersk vessels were once again most reliable Norden hires Maersk's former head of investor relations Belships reports of better notes for bulk after rough beginning to 2023 Vincent Clerc dismisses criticism of Maersk's sizeable leadership team South Korean shipbuilder prepares to rebrand North Star orders two new specialized vessels for offshore wind Equity fund drags banks to court in Norwegian ship controversy Ardmore advances further on strong demand for product tanker Cosco's profit more than halved Tidewater looks ahead after recent ship purchase: "We're optimistic"CMA CGM overtakes Maersk with major logistics acquisition EU president vows to crack down on circumvention of sanctions Russia seizes four tugboats owned by Maersk Australian owner puts US port facilities up for sale CMA CGM's acquisition met with crass critique from logistics lobby Pressure on global supply chains keeps falling Western Bulk guides for a loss in the year's first half Hapag-Lloyd's earnings plunge in line with dwindling volumes Torm multiplies profits in "sustained strong" product tanker market DFDS under pressure but maintains expectations Chinese company greenlit for stake in German port terminal Sea Cargo Charter gets new chairman in climate-sensitive year Kristian Siem increases his stake in Solstad Offshore Habben Jansen hopes Christmas trade can give carriers a needed lift Meldgaard foresees long-term upswing but keeps an eye on US banking DFDS eager for clarity on acquisition after Sunday's Turkish election Scorpio Tankers buys five ships to reduce debt Hempel is silent about factory's fate after increased Russian pressure Höegh Autoliners enters partnership on supplies of green ammonia Major bank predicts massive price tag for shipping's green transformation Prosecutor dismisses case against electrician on Maersk ship Teekay Tankers believes in continued upswing after record quarter Hapag-Lloyd takes a break from port terminal acquisitions DHL chief on DB Schenker sale: Equipped to take on larger acquisitions Oil holds two-day drop as US signals it aims to refill oil reserve New climate rules certain to trigger scramble for biofuel Edda Wind sees demand for offshore vessels exceed fleet Oil price is dropping with concerns over US and Chinese economy HMM reports of normalizing box freight after abrupt fall Ships drained large share of port capacity during Covid The US strengthens its position off Iran after disruption of carrier ships Tina Revsbech appointed new CEO of Maersk Tankers Yang Ming approves purchase of five new LNG ships HHLA expects market improvement in second quarter United Heavy Lift sees healthy market despite price drops Maersk Supply Service taps new CEO and reshuffles board More than 1,000 new box ships to hit water in upcoming years Costamare now has a fleet of 51 bulkers Hugo De Stoop steps down as CEO of Euronav USTC ramps up stake in major pellet supplier APM Terminals prepares for major investments in Brazil Golden Ocean books deficit after difficult Q1 for dry cargo carriers Maersk has settled with several customers after losing 750 boxes at sea Ammonia-fueled ships to sail iron ore routes from Australia in five years Maersk Tankers postpone ambitious target of deploying 300 vessels Lightship Chartering reaches target ahead of time, rewards employees with bonuses Golden Ocean's CEO gladly admits he misjudged the market Flex LNG hopes for better fortunes in H2 of 2023 Russian oil exports at post-invasion high Maersk expands in Bangladesh with prospects of increased export Maersk injected capital into Maersk Supply Service before sale MSC heading for new milestone with capacity for five million boxes Maersk Product Tankers rakes in cash from selling expensive ships UN convention for ship scrapping can finally come into force Star Bulk claims insurance money from ship detained in Ukraine Alphaliner: Maersk exploring yards for order of 12 methanol-powered newbuilds ShippingWatch closed on Thursday, May 18 Carriers stand before breakthrough in green conversion of ships Hafnia moves past USD 1bn in profits over the last 12 months Fired chief engineer sues Maersk in Hope Hicks-case Eagle Bulk secures new bank agreement Ukraine's grain corridor gets two-month extension More than 15,000 vessels could be scrapped within 2032 Media: Deutsche Bahn lines up financial investors in DB Schenker sale Opinion: Carriers are preparing for looming overcapacity MSC and MAN Energy Solutions to develop ammonia-fuled ship Only an unexpected black-swan event can ruin Mikael Skov's optimism for the year Labor union denied complaint from chief engineer due to expired deadline Port of Los Angeles reports large decline in freight volumes Three elements provide Port of Hamburg with a challenging market Two carriers met with US penalties of more than USD 2.5m Panama Canal imposes shipping restrictions to cope with worsening drought Idan Ofer-owned carrier wants bigger players within gas tanker Norwegian merger finally receives approval Most commercial freighters are unfit for green retrofitting Sale of bankrupt carrier shelved despite bids from several buyers Three abducted Eagle Bulk seafarers have been released after 18 days Partner and former director leaves XO Shipping ZIM expects comeback in year's second half after drop in earnings Bertram Rickmers has passed away following accident in his home Eastern Pacific wants to build more ships and hire thousands of new employees Much fewer containers are produced following the pandemic Monjasa lands biggest profit to date Number of containers lost at sea hits record-low level MPC Container Ships defies market trend, presents growing bottom line Oil price brings optimism to BW LPG's 2023 outlook Viking Supply Ships expects increased North Sea activity US bulk carrier finds new CFO internally Carriers must show greater consideration to ensure biofuels are green DSME rebrands as Hanwha Ocean Startup tanker carrier multiplies profit Former Maersk exec appointed chairman of Scan Global Logistics Hapag-Lloyd outperforms rivals on operating margins 23 defects, eight different names: What a dark fleet tanker looks like Monjasa are already feeling the effects of slow steaming ships The Höegh family plans to sell shares after rally Höegh LNG still reaps profits from longer voyages for gas tankers Renault loads cars into containers to avoid high freight prices Europe is successfully replacing its lost Russian diesel supply Bulk freighter briefly grounded in Suez Canal now refloated Port of Rotterdam's CEO resigns after almost a decade Ørsted breaks ground on large plant for production of e-methanol for ships Claims against World Marine Offshore keep increasing Torben Carlsen is new chair of Danish Shipping Dorian LPG's net result surges by USD 100m Shipowner hesitant towards green methanol despite its widespread adoption among carriers CEO of German shipping company elected new Bimco president Hunter enters segment for transport of liquid CO2 Report: At least 10 percent of popular fuel in Rotterdam is questionable Norden acquires Thorco Projects BW LPG finance chief steps down Port group PSA buys into Vietnamese logistics firm Alfa Laval to make Chinese box ships methanol compatible Lloyd's Register drops carrier certification due to sanction breach Norden avoids inheriting large claim in relation to acquisition of Thorco Projects DP World cuts 5 percent of its CO2 emissions ShippingWatch closed on Monday, May 29 Vincent Clerc: The West could provoke China to invade Taiwan CMA CGM projects challenging year after tought first quarter Seaborne reefer freight estimated to grow in 2023 Sohmen-Pao warns shipping against forcing in the green transition Improving time schedule reliability for container ships Avance Gas eyes strong year with fewer newbuilds than expected DFDS exec hopes for reforms after finished Turkish election Container carriers earned USD 13bn in first quarter Luke has left his shipping job to defend Ukraine as a soldier at the frontline Spain fines ship that caused concerns for Maersk Tankers It is still uncertain when Maersk's new vessels can sail on green fuels Golden Ocean buys back shares totaling more than USD 1m UN to begin emptying dangerous tanker vessel of oil in the Red Sea Billionaire Fredriksen clashes with another tanker company Frontline expects even stronger tanker market following record result Ukrainian grain exports inactive despite corridor renewal Non-operating owners see their combined fleet shrink further Grieg orders four bulkers with ammonia compatibility Mikael Skov points to issues with securing green fuels Bimco expects biggest tanker upswing since financial crisis Several hundred pilot projects ready to help shipping with its green efforts Wärtsilä test-runs 90 percent ammonia-fueled engine DP World granted millions of euros to expand Black Sea port BW Epic Kosan to refinance ships with sustainable loan Ulrik Andersen steps down as CEO of Golden Ocean Maersk presents new head of investor relations Singapore in record clampdown on tankers as dark fleet grows Semco Maritime buys German wind service operator Svitzer and unions land eleventh-hour deal Ulrik Andersen exits Golden Ocean with no job lined up CMA CGM completes acquisition of French shipping company EU sharpens demands for shipping's CO2 emissions ahead of decisive IMO meeting Vincent Clerc: Only state intervention can ensure the green transformation Bimco: Bulk demand to increase with lowest orderbook in 25 years Newly founded offshore wind carrier taps into Taiwan Canadian carrier completes managerial changes Christian Stadil sued for millions after bankruptcy at Thorco Shipping Shipping companies hand workers major bonuses as mid-year bonus Oil climbs on US debt ceiling clarity BW LPG poaches new CFO from Vopak Shell does not yet believe in ammonia as an alternative fuel Opinion: Digitalization increases the need for talent at shipping companies Logistics group Geodis buys Swiss freight forwarder Saudi Arabia cuts production output in efforts to bolster price Wage negotiation breakdown shuts down port on US West Coast Reality once again strikes for multipurpose carriers following golden stint Samsung Heavy to build two tankers for USD 172m World Fuel Services loses entire Oslo-based team Anglo-Eastern's business license revoked in India X-Press Feeders goes green in major newbuild commissioning New report: Shipping will need up to 50 pct. of all available biofuel in 2050 Christian Ingerslev wants ambitious goals for women at sea: "I am a major proponent of going all in"Lasse Kristoffersen puts pressure on customers to pay for decarbonization Kuehne + Nagel expands in South Africa with new acquisition Frontline plans to decarbonize relatively late Retailers want Joe Biden to intervene in port conflict John Fredriksen approaches crucial share limit in Euronav Spar Shipping generates growth in turbulent year Hafnia and Norden hit by increased tanker trading following the Ukraine war EU president to name Maersk's first methanol ship Inchcape Shipping Services hires new COO from oil sector German shipowners: Availability of green fuel is key to realizing shipping's climate target Fortescue founder admits that a carbon tax will hurt but is necessary Swedish company launches world's first e-bunker vessel Media: China ramping up inspections of aging tankers C.H. Robinson appoints new CEO Major carriers focus on widely different routes IMO marine director calls on carriers to keep up the pace: "Time is against us"World economy set for weak inflation-plagued recovery, OECD warns Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"Oil extends drops as US supply rumors return Cargo volumes across the Pacific hit six-month high French ferry operator blames wage dumping for plunging freight volumes Avance Gas orders two tankers for LPG and ammonia Ulstein to design more methanol-powered offshore ships Mikael Skov says tanker carriers have under-invested in their fleets for years Ørsted considers abandoning offshore wind projects Trafigura doubles its profit, aided by strong tanker market Former Maersk captain has license revoked following harassment cases Flex LNG chief exec: The spot market doesn't work anymore CMA CGM buys large stakes in Spanish port terminals Port labor unrest and drought help liner majors at a critical time Lead negotiator for IMO's climate meeting says the committee will deliver Major bunker companies prepare for a future with biofuels on the shelves Maersk Oil Trading merged into new business unit for green energy Japanese carriers rake in billion-dollar sum from ONE ownership stakes Maersk to pay millions of dollar in damages to US furniture importer Lack of seafarers creates growth issues in commercial shipping Monjasa emitted more CO2 last year after sales progression Container rates decline after two weeks of advance Oil steady this week as demand concern counters Saudi supply cut Scan Global enters Kenyan market China's coal import nearing record levels this year Svitzer employees votes in favor of agreement after looming lockout DFDS-owned freighter raided by special forces in search of stowaways MSC to order more dual-fuel newbuilds at major yards, says broker Customers still falter to pay extra for Hapag-Lloyd's green transportation Dutch minister: Licensing has diminutive effect on fuel quality at Rotterdam Former analyst injects millions into own shipping fund Uni-Tankers lands biggest profit in 28 years: "It's almost a miracle"A potential tanker shortage could spell trouble for ocean-borne oil hauls US legislators want to tighten climate regulation for shipping More seafarers experience abuse, bullying and discrimination Maersk replaces supplier of green fuel for prestige ship John Fredriksen to buy large stake in ressurected Dof Monjasa buys two tankers to serve Togo and Dubai Labor secretary steps in to avert US port conflict Uni-Tankers is eyeing green methanol for future vessels France set to propose climate tax on shipping Report: Escalation of conflict will make carriers avoid Taiwan Oil traders are daring to defy market kingpin Saudi Arabia OCI Global has faith in demand for methanol Analyst firm expects a wave of newbuild orders for OSVs Study: Scrubbers responsible for 90 percent of ship pollution in ports Port of Los Angeles gaining on lost freight volumes Maersk to bring in several new partners on digital journey Seaspan brings in CIP as first partner for clean ammonia bet Liner majors reduce their controversial bunker surcharges Eastern Pacific Shipping leases ten box vessels to CMA CGM Yara and Cepsa plan hydrogen supply chain through Europe Shipping organizations praise French-led push for global carbon tax Maersk buys 25 e-trucks to serve in Germany Russia considers quitting Ukraine safe-corridor crop deal, Putin says Zeronorth CEO "almost provoked" by recent IMO statement Port workers and employers land tentative agreement for US West Coast Sea Cargo Charter's climate efforts now at standstill Europe's biggest port wants clear green signal from carriers Maersk's market share nears pre-Hamburg Süd acquisition level Maritime crewing company hit by missile attack in Odesa Hapag-Lloyd fires employee after alleged assault on German ship Søren Skou headed for first board position after Maersk departure Port deal still leaves US West Coast with big challenges Danish ships once again at the forefront of safety Torm reflags three ships to participate in US tanker program Cadeler and Eneti set to merge into offshore wind major Hafnia and MOL join huge project for development of hydrogen and ammonia Norden poaches exec from Oldendorff to lead the market's biggest ships APM Terminals put managers out into the field – and accidents dropped Opinion: Carriers' have several options for managing overcapacity risk Media: West Coast dockworkers get 32-percent pay raise with new labor deal Major investor pleased with merger between Cadeler and Eneti MPC Container Ships buys new vessels and raises guidance Russia’s arctic shipping dream stumbles on small aging fleet Merger means Cadeler and Eneti can leave peers in the wake Mikkel Gleerup approached Eneti to create major offshore wind player Greek shipowner buys major stake in Eagle Bulk High US inventory levels create weak peak season for container German shipowners consider sector-wide survey after assault case Maersk scales up air freight and adds new aircraft Seven Seas makes sixth CEO transition in less than ten years Oil drops Monday on Chinese growth concerns Study: Less than one third of shipowners have made plans for their decarbonization Maersk Growth's managing partner leaves after 22 years with the group The Rhine is starting to dry up already – two weeks into summer China's Cosco seals controversial acquisition in Port of Hamburg Biofuel prices likely to only increase over the next decade Joakim Hannisdahl goes all in on new shipping fund Tanker blocked and painted over by climate activists in Norway Diversity alliance sees potential for better work environments in shipping Wallenius Wilhelmsen buys biofuel for freight operations in Europe European Maritime Finance books great profit on yet another tanker Maersk venture fund is struck with major reorganization HMM sees interest from several companies looking to invest BP withdraws objection against Ørsted's offshore wind project J. Lauritzen orders its third methanol ship Navigator Gas wants to collect and store clients' CO2 Norvic Shipping buys its first ever vessel Maersk will retrofit first existing ship to sail on green fuel USTC family bags record earnings on energy supply chaos Offshore enjoying tailwinds after crisis years: "We are facing a new upswing"Less than one percent of the global fleet sails on alternative fuels Lauritzen Bulkers getting ready to tackle the numerous new climate regulations UN chief calls for acceleration of Ukraine grain exports Unifeeder is no longer the world's top feeder operator EU nations agree on new package of sanctions against Russia Bank: Saverys family's CMB orders new supertankers Danish Shipping appoints new head of climate Carsten Mortensen raises capital for new shipping fund: "We are well underway"South Korea's early exports hint at budding global recovery Norden orders six new bulkers Tor Olav Trøim defends climate criticism Investment major ditches Cosco for lack of climate ambitions Container lines scrapping more vessels Bunker supplier Glander profited well from unpredictable market Greek shipping companies escape Ukraine's list of war sponsors Wallenius Wilhelmsen to carry electric cars on biofueled ships Schulte Group is scouting for acquisitions within maritime services MSC said to enter exclusive talks to buy Italo train operator Scorpio Tankers secures German loan for purchase of four tankers Black-swan events and carbon taxes are the few obstacles for dry bulk Car carrier to customers: Go green or step back in the line Eagle Bulk acquires private equity firm's stake in the company Opinion: IMO must raise climate ambitions to net zero in 2050 Dan-Bunkering lands record profit Korean shipyard nears order book of 100 vessels Ikea on green transport: Major retailers need to send a demand signal EU wants to stop suspicious tankers' access to ports in Europe New German LNG deal set to boost activities for gas carriers Maersk places order for six methanol newbuilds Prospect of much-needed rain postpones restrictions in the Panama Canal Low order book sustains strong market for product tanker Schulte holds off ordering new ships as prices soar Shipping could cut emissions equal to 121 coal power plants by 2030 New sanctions give increased authority to ban ships from calling at EU ports Bunker Holding sold less but earned more in record-breaking year Several US container terminals change ownership UK's container fleet has declined the most in recent years Carrier sold almost all of its ships: "It seems like a no-brainer"Yara Clean Ammonia postpones IPO Blue Water pays millions after military contract fraud Major shareholder laments Eagle Bulk's purchase of own shares Analysis: IMO will embark on its most important task ever at next week's meeting Philippines sees seafarer deployment fully recovering in 2023 Long-awaited shipbreaking convention will come into force in exactly two years New partnership wants to supply Norwegian offshore vessels with ammonia Scorpio Tankers secures billion-dollar loan to finance 45 ships Stormgeo expands in Asia with new office in Manila Otto Schacht to step down as head of Sea Logistics at Kuehne + Nagel Energy major charters new vessels to ship LNG to Germany Evergreen consolidates its fleet with acquisition of Singapore unit Maersk wants shipowners to share responsibility for the green transition Maersk's head of consumer goods leaves All new carriers have withdrawn from previously booming Pacific route Norway's energy minister greenlights 19 oil projects Scan Global appoints former DHL chief exec to its board Oil slips back again as demand concerns hang over the market Schulte chief executive eyes more dark clouds than sunshine ahead for shipping Dry bulk benefits from boom in China's coal imports MSC continues purchase spree of secondhand ships Investor could ditch more carriers after dropping Cosco for lack of ambitions Russian oil transfers at sea shift away from Spanish enclave Strike averted as Norwegian offshore labor deal falls into place Prices in long-term container contracts almost halved Idan Ofer-owned carrier pays hundreds of millions for two new LNG ships The negotiations for shipping's new climate targets are gridlocked Europe's largest container port set to expand Bank points to capacity as the box market's biggest challenge IMO hit with scathing criticism ahead of crucial meeting Maersk has sued Schulte in Suez case: "We're not losing any sleep over this"Blank sailings hit lowest level since the pandemic The Oetker family cuts ties with Hamburg Süd for good Seaway 7 bags large-scale offshore wind contract in Scotland Japanese trading house buys 25 percent of Klaveness Dry Bulk Port workers on Canada's west coast prepare to strike from Saturday DSV is ready to deliver packages to ships and wind turbines with drones Oil spikes after drop in US inventories Agreement on long-term climate targets for shipping hovers in the dark Singapore Shipping Association re-elects chairman for third term Russia ships less coal to India and China Canada dock strike continues as mediation resumes Quiet start to the week for oil prices after Chinese key figures Stolt-Nielsen records million-dollar loss after ruling in explosion case Russian gas shipment sparks blood money allegations against Shell Canceled billion-dollar sale of container factory has cost Maersk dearly EU considers exemption from key sanction to secure grain deal The fashion industry accounts for a quarter of Maersk's biofuel freight Cadeler finally lands contract to install 76 turbines off Poland China warns against too ambitious CO2 agreement for shipping Oil edges higher after Saudi Arabia and Russia curb supplies Flexport laments the closure of Maersk's digital platform Tradelens WinGD appoints new chief executive Ships on track to pay for their emissions in the UK Nordic Bulk Carriers records slight bottom-line slip after record year MSC expands lead over Maersk to one million containers One container carrier has vastly improved its reliability Tankers could soon sail on methanol as well Analysis: Only now will the IMO start the difficult discussion of a CO2 agreement Eight of the largest carriers are already far more ambitious than the legislators Oil resumes retreat as traders take stock of OPEC+ supply curbs Bunker Holding calls for climate tax on fossil fuels Volvo will ship components on biofuel in the future Several dead in tanker explosion in Bangladesh CMA CGM incorporates Finnish shortsea-subsidiary Port of Long Beach hangs climate targets on controversial government support Ørsted strikes deal on yet another green service vessel Christiania Shipping is back in the black with chemical tanker boom Costamare hires new commercial officer from Maersk Russia wants to end grain export deal from Ukraine Monjasa launches tankers in Singapore for the first time OOCL took a deep dive in the first half of the year Oil holds gain as traders turn focus to decline in inventories Anders Onarheim to resign as chief exec of BW LPG Cosco expects to see almost 75 percent of profits slip away Joakim Hannisdahl reports renewed interest in shipping from investors Verdict in explosion case hits Stolt-Nielsen hard European Energy sells half of methanol plant to Japanese trading company Canada port strike enters sixth day with talks deadlocked Singapore's port company buys stake in German terminal Seaspan and Hapag-Lloyd to retrofit up to 60 ships to run on methanol Japan's largest port begins to resume operations after hacker attack IMO very close to reaching deal with 2050 as a benchmark Oil heads for second weekly climb after OPEC+ leaders wade In Two firefighters die after fire on Grimaldi vessel Iran detains tanker mere days after US intervention Box rates dip after last week's upswing Opinion: It's shaping up to be a very bleak peak season for carriers IMO agrees on revised 2050 climate strategy for shipping Windfarm loses permit creating uncertainty for Cadeler Carriers can expect billion-dollar bill for quotas as early as next year Shipping companies praise climate deal: "An important milestone"Wavering grain deal floods Romanian port in the Black Sea Celsius orders tankers worth USD 1bn V.Group acquires management company from Belships EU backs new climate agreement for shipping Oil prices largely unchanged ahead of new figures Maersk holds back on new hires as fortunes reverse for liner companies Stena's profits grow in heated tanker market Canadian port strike continues on tenth day with US support Carrier fined after polluting with dirty bilge water UK to sign Pacific trade deal, shifting focus to China Tanker company hoped for a climate deal with stronger wording Svitzer signs green fuel agreement for five tugboats Zeronorth lands big deal with trading house Bad bunker in Houston caused 11 ships to lose engine power Female executives still a rare sight among Danish shipping companies Russia-linked oil tanker fleet vanishes even faster than it grew Tanker companies face tough choice due to shortage of vessels DHT Holdings lands bank deal to buy large tanker Employers: Canadian port strike reaches billions in affected goods Evergreen orders 24 methanol ready container vessels Søren Meyer disappointed after climate agreement: "I expected more"Oil prices rise on planned production cuts Rightship appoints former Svitzer CEO to executive board Danish Shipping is far from its goal of more women: "We were probably too ambitious"Canadian minister: Agreement in port dispute is within reach CIP lands billion-dollar green ammonia deal with a major carrier Trade with second-hand container ships increases again after price drop Media: Temasek’s PSA shelves USD 4bn Hutchison Ports stake sale Zim lowers expectations after drop in freight rates Freightos to lay off 50 employees in major cost-cutting plan EU appoints new transport chief after case of paid flights Pirates have attacked cargo ships 65 times this year Russia’s flagship crude oil surpasses G-7 price cap for first time Singapore's minister for transport drawn into corruption probe Report: Language barrier played part in Ever Given grounding IEA lowers expectations for global oil demand in 2023 Container volumes at Port of Los Angeles have still not fully recovered Researchers: New skills are needed at IMO to reach climate goals Every third container could become traceable in five years Klaveness boss disappointed by lack of carbon tax on shipping Yang Ming takes first place for lowest pollution Canadian port strike ends with tentative wage agreement Oil prices rise with supply chain disruptions in Liberia and Nigeria The freight rate on boxes increases by five percent Ultrabulk's CEO doubts a global climate tax will ever see the light of day DHL invests huge sum in South America Migrants rescued after 13 days atop rudder of a cargo ship Ørsted greenlit for offshore project in UK waters EU open to explore all options to renew grain agreement Maersk-owned freight forwarder almost doubled bottom line Libya’s major oil field fully halted as tensions resurface Hempel has sold its Russian business Oil slides on weakening growth in China Höegh Autoliners orders four new vessels CMA CGM will soon have 100 ships that can run on alternative fuels Russia pulls out of deal: "The Black Sea agreement is no longer in force"Fuel sales in the world's largest bunker port fell in June America’s most crucial waterway is drying out Nina Østergaard Borris poised to continue her father's legacy at USTC Marine insurer warns: Pirates have become more violent Maritime players join forces in Rotterdam Media: Maersk Broker could be sold to Clarksons Commissioner: EU must respond to US support for green transition DFDS acquires Dutch transport company Shell considers partial sale of renewable energy Höegh Autoliners passes entire bill for biofuel on to customers Maersk's former ports in Russia have lost more than a third of containers Singapore-based shipping company enters India Arsenio Dominguez becomes the new Secretary-General of IMO KPI grows after taking over major customers at Bunker Holding Company struggles to recruit seafarers: Many don't want to hire Russians Canadian port workers reject wage deal and resume strike CMA CGM could overtake Maersk in just a few years Ukraine's plea to keep grain moving clashes with reality for shippers and insurers Berge Bulk wants to be climate neutral by 2025 Oil stays put after a week of gains Analyst sees potential for an upward revision from DSV Norway is working on a faster process for offshore wind MAN boss uses walk and talks to gauge well-being of employees Investors call for economic incentives to reach new climate goals for shipping Svitzer orders new tugboats that can run on used cooking oil Russia will consider ships heading to Ukraine as a party to the war Bank: Shipping fuel is an overlooked climate culprit in the Netherlands Justin Trudeau calls for resolving strike chaos in Canadian ports DSV sues customer for walking away from deal when prices dropped Russia could attack civilian grain ships in Black Sea, US warns Maersk partner secures ships to deliver green fuel in the US Pia Meling has learned to trust her instincts when making tough decisions Report: Low quality fuel has caused problems for hundreds of ships Alfa Laval received 24 percent more orders from shipping customers The first buyer enters the race for South Korea's largest shipping company Black Sea threats escalate as Ukraine warns on Russian ships Ziton's future suddenly looks bright following years of hardship Russian shipowner is among many new inclusions on the US sanctions list Opinion: The short-lived bonanza of newcomers is a testament to competition Private equity firm explores sale of safety company Relyon Nutec Matson reports a quiet peak season: Companies are still nervous Oil rises on hopes of Chinese stimulus Eight seafarers missing from wrecked freighter off Borneo Braemar: Corn could be shipped from Brazil instead of Ukraine Flexport boss goes with gut feeling: "Right nine times out of ten"Maersk ordered to compensate and reinstate fired whistleblower USTC's acquisition hunt is slowed by elevated prices CIP worried about shortage of key ingredient for green methanol Employers have renewed faith in deal with Canadian dockworkers Vitol doubled average pay on record profit Beijing tries to allay concerns about economy Potential HMM buyers have one month to make an offer Morten Engelstoft elected as new chairman of insurance company Russia claims to have found explosives on dry bulk ship Another center for green shipping sees the light of day NATO and Ukraine to discuss grain agreement after Russia's exit DSV raises full-year expectations Kuehne + Nagel increases bottom line despite drop in demand HMM reports its ships ready for new climate regulations Cyan Renewables buys first vessel: "It marks a first but critical step"Sellers are returning to negotiations with DSV following price drops EU approves much-discussed requirements for marine fuel Shipping companies urged to use nuclear power after test Monjasa director prefers to take a holistic look at her employees Eastern Pacific enters green fuels collaboration in China Russian fertilizer flows into the US despite sanctions Seafarers get better protection in response to P&O's mass layoffs APM Terminals overtaken by Chinese port companies Panama Canal extends restrictions after lack of rain One person dead after fire: Electric car suspected as cause Maersk has shed more capacity than any other carrier in 2023 Tanker orders already surpassing 2022 Four potential buyers could bid on HMM Customers hesitate to buy green freight from DSV Russia's crude flows from Western ports slump to seven-month low New climate rules could be enforced differently from port to port A giant order for gas carriers could be on its way to South Korean shipbuilders Prosafe gets a new CEO with experience from shipping companies The woes of major shipping companies could stretch into 2024 American sentenced to prison for violating sanctions against Iran Owner of Hamburg's largest terminal downgrades its forecast DB Schenker's earnings almost halved Maersk expects number of green customers to land near 600 next year More old multipurpise vessels are set to be scrapped Putin promises tonnes of free grain to six African countries Liberia overtakes Panama as the world's largest ship registry DB Schenker owner on possible sale: "It's going to take some more time"Bunker Holding reaches out to Seaspan for green fuel collaboration Berge Bulk hoping for a huge boost of iron ore from Brazil D'amico promises shareholders high returns for years to come Salvage team still unable to board burning ship MSC orders new electric trains for its logistics company X-Press Feeders enters green methanol deal in Rotterdam Economic uncertainty puts a damper on the dry cargo market Billion dollar investment to secure Maersk green methanol in the US Saudi Arabia ramps up mining foray in USD 2.6bn-Brazil deal CMA CGM's revenue per container dropped 50 percent in second quarter Dutch authorities: Container carriers have been used by drug traffickers Government intervenes in deadlocked Canadian port conflict ONE's profits nosedive in highly volatile market DFDS acquisition close after obtaining clearance in Türkiye Towing of burning car carrier begins as smoke subsides Thorco Projects chief wins first major battle post-bankruptcy of Stadil carrier Finnlines hit by lower imports in the year's first half Long-term container contract rates hit two-year low MSC is now better at arriving on time than Maersk Pacific Basin expands its fleet of owned vessels Analysis: European shipping will still use fossil fuels after 2050 DSV awaits effect of the many new box ships Cosco becomes a major player in heavy lift with new collaboration Burning car-carrier ship towed to new location off Dutch coast DHL suffered significant decline in second quarter Scorpio takes large stakes in competing tanker companies: Shares are cheap Shipbroker with growth ambitions struggles with talent drought Søren Meyer: Maritime leaders must prioritize more than profits Tanker market is recovering after a slight dip in freight prices Several major shipping companies recommend nuclear power Ardmore Shipping hit by slight dip in revenue and earnings Oil keeps climbing on Saudi output cuts DHL boss needs "magnifying glass" to find sales impact of green products Eitzen acquires LPG carrier B-Gas Norden buys stock in future production of biofuels for ships Major players pull capacity from the Atlantic after container boom Tanker scrapping is expected to increase again from 2024 New fuel regulation could cost as much as 12,000 dollars a day per tanker Maersk's bottom line saved by fuel savings Scorpio Tankers bought new tonnage in quarter with lower profits Dorian LPG expects volatile second half of the year Maersk's Dutch methanol supplier is hit hard by price drops Euronav benefits from ultra-low order book and big appetite for crude oil Minerva Bunkering expects strong growth in biofuels by 2024 Dutch carrier orders ten new cargo ships Opinion: "Over time carriers and NVOs need us more than we need them"Russian oil export slump creates ripples in the tanker market Oil fluctuates as risk-off mood vies with record inventory drop Shipping agent opens offices in Asia with Ukraine as its jumping-off point Criminal case against Hope Hicks' alleged attacker dropped Major box carriers criticized for climate passivity Maersk raises its guidance for 2023 Eagle Bulk chief exec is optimistic despite major decline Greek bulk carrier's profit declines by 75 percent Oil coasts to sixth weekly gain after Saudis, Russia extend cuts Maersk keeps losing market shares to competitors Teekay Tankers benefits from new trade routes Container spot rates increase by one percent Port major Hutchison expects quiet second half of 2023 Höegh Autoliners maintains strong market from first half-year Clerc tightens the vise on disappointing logistics business Clerc cannot promise that 25 percent of Maersk's ocean freight will sail green by 2030 Scrubber maker Pureteq has become a major service provider Dips in demand are over for box carriers Orders for new shipbuildings go down — two segments stand out Genco Shipping hopes China will kickstart dry cargo market Maersk only made a small profit on billion-dollar sale of offshore-unit Opinion: Shippers face challenge in measuring carbon footprint Russian tanker hit by drone strike in Kerch Strait MSC acquires majority stake in Italian air freight company Drought-stricken Panama Canal could lose USD 200 million by next year Prices on Russian oil climb above price cap Green transition enables comeback for European shipping banks Carriers order markedly fewer bulk vessels Seafarers' happiness has dropped since the start of the year Large pension company loses faith in its own energy island Contaminated bunker has spread from Houston to Singapore Klaveness Combination Carriers expands into Dubai Japan's MOL teams up with Singapore's decarbonization center Another company interested in HMM acquisition Half-year status: DSV beat competitors on several parameters Hafnia orders its first green tankers Eneti focuses its fleet with vessel sales prior to merger Hapag-Lloyd gets DB Schenker as a green customer Low rates strain bulk carriers' earnings and stock prices Zeronorth signs three-year deal with Cargill Global capacity shortage boosts offshore carrier Tidewater Uncertainty about the future could trigger "ketchup effect" for newbuilds "Shadow fleet" lowers productivity in the market and helps tanker carrier India overturns suspension of Anglo-Eastern's activities Maersk cuts capacity and now has market share at 2016 level Chinese deflation another worrying signal for commodities demand Insurer expects war risk coverage to increase in the Black Sea region Hapag-Lloyd's profit drops to three billion dollars in the first half of the year Stolt-Nielsen has finally found a new chief exec Norden's high earnings slide compared to last year's boom Braemar points to escalating container ship overcapacity The container fleet is set to grow 18 percent over the next few years Cosco's first battery-powered container ship takes to sea Norden is preparing for a very strong bulk market in 2025 Prosecutor: Criminal Maersk employees smuggled cocaine to Europe HMM's bottom line plunges in challenging market Maersk is "committed" to large methanol deal with SunGas Ukraine to create escape routes for ships trapped in its ports Stable customers and "cost discipline" ensured profit at Hapag-Lloyd Norden describes Hafnia-model with green tankers as "interesting"Constantin Baack believes in "unwavering dedication and hard work" Deep crisis in shipping kicked off maritime digital adventure Spot rates turn on key routes for box carriers Ørsted's CEO speaks out against governments' pursuit of billions in offshore wind Norden have paid the Stadil family a large sum for shipping activities Reefer rates beat traditional containers despite big drop Yang Ming in the red in the second quarter Hapag-Lloyd: Panama restrictions could continue into 2024 Shippers again send the more cargo to US West Coast ports Russia fires warning shots at cargo ship bound for Ukraine Maersk aims to handle all cargo by means of artificial intelligence Cosco's logistics company keeps focus on growth despite decline Singapore investigates cases of contaminated marine fuel Monjasa's owner doubles his fortune after record year US and UK warn ships of increased threat near Iran’s waters Wallenius Wilhelmsen orders vessels ready for methanol and ammonia DFDS in setback with less freight and fewer passengers in Q2 Dry bulk execs project multi-year upturn despite big dip DP World wants boost capacity by three million containers this year Oil’s push toward USD 90 lifted from physical markets all over Hafnia tankers delayed by low water levels in the Panama Canal Port of Hamburg's logistics company handles fewer containers than last year Port major ICTSI continues expansion in a volatile market DFDS chief exec says legislative measures in Channel dispute are insufficient HMM doubles its fleet of multipurpose vessels Freighter cuts 83 percent of its CO2 emissions with biofuel DFDS' potential large acquisition in Turkey is delayed until 2024 Ten times more container ships scrapped this year than in all of 2022 Hapag-Lloyd is unhappy with low grade in new climate rating Norden to ship coal on green contract for Canadian mining company Euronav adds up to two new supertankers to its fleet First cargo ship leaves Odesa via new exit route Flex LNG almost fully booked for 2024 DB Schenker: We need the many new ships carriers are deploying Dachser looks for new acquisition opportunities in sea freight Maersk ship involved in the Netherlands' biggest drug case ever Easee announces new charger in the pipeline Revenue keeps growing for Norwegian wind carrier Torm returns USD 126 million to shareholders Panama Canal extends restrictions due to drought Höegh Autoliners sets new record after increasing car exports Royal Dutch Boskalis reports major tailwinds Odfjell looking to save money on fuel with investment in sails and air bubbles Evergreen acquires 20 percent of large terminal in Rotterdam Torm chief lists three factors that ensure a long-term boom for product tanker Researcher: Maersk should lead global battle against drugs in shipping Trøim's drilling company expects increased rig utilization DP World grows top line with help from completed takeover Lauritzen Bulkers aims for a fleet of 140 vessels within three years Navigator Gas delivers its best operating profit in a decade Maersk company has violated merger rules and faces fine BW Epic Kosan boosts earnings with larger vessels in strong market Prosafe reports of good prospects in the North Sea after period with idle rigs Opinion: European carriers pay the price for contracts DHT sees more reasons to trust a crude oil boom until 2025 MSC and Döhle invest in data company that aims to make EU ETS simple DHL reports of increased demand for green solutions Ceva ready to move into the major league following deal Long contracts keep Belships' earnings afloat Avance Gas orders new vessels in anticipation of increased ammonia trade European gas prices soar on Australia LNG workers’ ultimatum Hapag-Lloyd submits bid on rival HMM Few ships and many cars send car carriers' profits skyward Tanker detained in the US since May unloads Iranian oil US inventory development tricked the container market OOCL owner sees challenges ahead for box freight Analysts view Hapag-Lloyd as an outsider in the pursuit of HMM Japanese car carriers fined in Canada in cartel case Ultrabulk profile returns to leadership position in Singapore Maersk and CMA CGM outperformed by smaller rivals on key metric MPC Container Ships sees large order book throw shadows on the market Maersk Tankers to operate five large gas tankers Ukraine nears agreement to insure cargo ships in high-risk waters Carriers continue to order new ships Cargill tests 123-foot-tall sails in effort to slash fuel burn Norwegian carrier sells its US fleet for almost USD 750 million Hapag-Lloyd and three other companies submit bid on HMM Shipping companies at the bottom of climate ranking for second year in a row ONE overtakes Evergreen as the world's sixth largest container carrier Ørsted receives approval for major offshore wind project in the US Royal Arctic Line reports significant decrease in cargo to Greenland Zeaborn Ship Management fined after pollution in the US The line of ships waiting at the Panama Canal is easing Hope Hicks' alleged attacker faces new charges in the US New company to build six climate-friendly dry cargo ships Singapore-flagged tanker on move again after running aground in Suez Canal Hapag-Lloyd's bid for rival stake could be first step towards full takeover Synergy Marine strategy unchanged despite management reshuffle Former Maersk employee surrenders license on assault charges Maersk worried about Hells Angels employees in Port of Aarhus Frontline reports soaring rates and continued demand Klaveness keeps afloat on tanker market Maersk Oil Trading has delivered contaminated fuel in the US Port of Hamburg has handled more containers since turn of the year Türkiye keeps shipping route partially shut as wildfires rage Car batteries could become a good business for liner companies Concordia will let tanker market "cool off" before new investments Malaysia's MISC lands improved result Strong shipping markets make carriers repay loans at Hamburg bank Hafnia rewards shareholders again after another strong quarter Siem Offshore bags more long-term contracts in busy energy market Two crew members reported missing after collision off Japan Container freight rates stoop to five-week low Strong interests in South Korea warn against sale of carrier to Germans Russia’s fuel exports head for 15-Month low amid local demand Mikael Skov sees signs of a new normal after invasion of Ukraine Panama canal extends transit restrictions for another 10 months Regional Container Lines seeks to replace old vessels Hafnia believes customers want to sail green — but not yet Lauritzen Bulkers tests competitor's system for optimized decision-making DP World to spend half a billion dollars on new terminal in India Spanish police discover 9.5 tonnes of cocaine in reefer container Maersk company set do deliver offshore charging facilities Media: Shell considers selling its Singapore refinery Media: HMM's small shareholders want Hapag-Lloyd on board V.Group's chief executive is open to mergers and acquisitions Maersk Supply Service lays off 130 employees and two executives Cadeler boosts full-year guidance Golden Ocean sees healthy market despite big drop in profits Gas workers announce new industrial action strike in Australia Australia sends barley shipment to China after tariffs end BW LPG predicts a wave of high freight rates to wash in by 2024 MSC continues lead over Maersk on schedule reliability Ingerslev believes in offshore wind despite pressure on customers Marcura acquires digital marketplace Shipserv Scorpio acquires large chunk of Norwegian airline Avance Gas expects even better times ahead of Christmas after record results KPI Oceanconnect appoints two regional managers Yang Ming settles with customer in FMC complaint case German carrier ships out 1.2 million new vehicles abroad Shipping talent shortage draws recruitment firms to Denmark Media: Hapag-Lloyd is out of the bidding race for rival HMM Hamburg Süd chief departs after completed merger with Maersk PSA appoints new management to spearhead supply chain ambitions Profit margins of major carriers are now down at pre-pandemic levels Cadeler gaining ground while other offshore wind players struggle EU set to import record-amounts of liquefied gas from Russia this year USTC Group hires head of mergers and acquisitions Hapag-Lloyd doubts that the race for HMM is over Carrier expects large green bill: ”For us as a company, it is big money"Cool Company increases tanker fleet despite slight quarterly drop China picks up more coal despite weaker economic growth Transocean lands major million dollar contract for drilling rig in India Cadeler has ordered wind service vessels for EUR 1.2 bn in the midst of inflation crisis "Grey fleet" of tankers makes carriers slam the brakes on scrapping Global association of bunker companies finds new CEO Panama Canal congestion is dominated by tankers and bulkers Report: Cost gap of sailing on ammonia could be closed as early as 2026 Cosco Shipping Ports aims to continue to expand after Hamburg turmoil Hong Kong's Kerry Logistics calls 2023 "a tough year"US West Coast dockworkers sign collective bargaining agreement Another exec leaves Hamburg Süd and the era of the red ships Long-term container contracts plunge while the spot market rises German ship owners hesitate to spend their new fortunes on ships One ship in Panama Canal paid USD 2.4m to skip the line Saudi crude oil exports plummet as OPEC giant slashes production V.Group on seafarer wellness: "Gotta put our money where our mouth is" Sweden considers changing tonnage tax scheme to attract more ships DHL has picked competitor's Head of Asia for Ocean executive job Media: South Korean shipyard workers plan to strike over the fall Hapag-Lloyd confirms the carrier is taken off HMM shortlist Maersk uses smaller ships to get goods through the Panama Canal Samskip is fined millions of dollars for collusion with rival carrier P&O Logistics boss does not believe in an oil market in the North Sea Shell invests in maritime carbon capture Tanker carriers heading for new record: "Strongest market we've seen in a long time"Gard received more claims on hulls CMA CGM to expand US key ports over the next ten years Njord sets up Singapore office expecting growth in Asia Hapag-Lloyd after failed bid for rival: "We certainly have no urgency"Initial negotiations in Moscow to revive grain deal yield no results DSV's strategy could block acquisition of DB Schencker Major tax case against Maersk set to be decided this week Shipyard gets design approval for world's largest LNG-carrier MSC loses appeal after explosion on ship in 2012 Logistics company acquires major Swedish container transporter Stena improves top line but sees big increase in debt Former Maersk profile joins the Swiss logistics group Kuehne+Nagel Eastern Pacific and MAN to develop fleet of huge ammonia carriers Analyst: Hapag-Lloyd could be left behind by rivals after failed acquisition Ukraine Danube crop ports struck again by drones Maersk has sold port terminal in Angola Greek shipping company orders two new car carriers Ships sailing between Far East and North America have gotten bigger Maersk loses major tax case in Danish Supreme Court Another US offshore wind project buys out of supply agreement Crowley parts with vice president after allegations of sexual herassment The queue of ships at the Panama Canal is now normal for the time of year Maersk surprised by resounding defeat in historic tax case Rival hires manager from United Heavy Lift in Houston Shipping industry may need almost half of all green fuels in 2030 Freight rates out of major Chinese ports increase significantly Law firms join forces in Singapore and expand shipping teams Maersk extends large green freight deal with Amazon Flexport boss quits after less than a year: Founder returns as CEO Total after defeat in Danish tax case: "It has been a long process"Pherousa Green Shipping already sees potential for more vessels Analysts: MSC postpones the maiden voyage of new ultra-large ship KPI appoints head of alternative fuels Maersk Growth sets new management team as yet another partner leaves New orders for tanker carriers push up newbuilding prices Singapore's Winning wants to build a fleet of "super-large carriers"Equinor to supply green fuel for Maersk's new prestige ship Lack of car carriers delays China's entry into the European car market Carriers climb Nordic ESG ranking Report: Some of the world's top ports could be unusable by 2050 Two Flexport executives to leave after CEO’s abrupt exit Esvagt downplays offshore wind crisis: "Media coverage is very negative"Norden expects dramatic increase in waiting time at the Panama Canal Maersk sells out Höegh Autoliners again Freighter sail developer raises EUR 15.9m in funding round Opinion: Major shipping companies gave discounts during the pandemic ONE aims to employ 500 locals and PRs at its Singapore HQ DFDS calls for greater state subsidies for green fuels Analysts: Carriers face a container market without growth US, EU agree on Mideast-India rail and shipping corridor at G-20 Number of legal disputes in shipping the highest in years ABS launches center focusing on electrification of shipping Shipping bank deems long-term loans for large crude oil tankers too risky Danske Bank is financing carriers listed on it's own blacklist Major union calls for government action for German shipyards Exmar secures long-term contracts for new vessels MSC believes customers will push for green transition of shipping Swire Shipping's CO2 footprint increased by 42 pct. in 2022 US West Coast ports start to reclaim market share Kuehne: Hapag-Lloyd could be part of a takeover of Hamburger Hafen Grieg exercises options for two new ammonia bulkers Greek shipping minister resigns Chief executive: Bolloré acquisition will transform Ceva's air cargo business MOL buys Fairfield Chemical Carriers and adds 36 vessels to its fleet Bulk carriers will have to wait longer for China-driven boom Green methanol could be overtaken by ammonia as a shipping fuel DNV casts doubt on shipping's climate goals: "It's unrealistic"Shipping has doubts about a new India-Europe corridor India plans to allow foreign ships to operate on intra-Indian routes MSC to buy half of top port operator in Hamburg Asia could be a bright spot for air freight despite meager rates Panama Canal says traffic woes will last into next year Major container ports in the US and Europe decline in first half of the year Scorpio Group buys more shares in Norwegian airline Gas carriers see more rerouting through Suez after Panama drought Wilhelmsen to manage three LNG carriers for Avenir Hamburg's largest port operator fits MSC like a glove Maersk to produce three million tonnes of green methanol from 2030 Transport secretary wants China along for the entire climate journey Crowley and Seacor launch new US tanker carrier Angeliki Frangou wants to buy rest of Navios Maritime Holdings Retail majors launch tender for zero-emission shipping EU president: New Maersk ship is a "big deal" for the world Uggla wants to open the energy taps like his grandfather with new venture Hapag-Lloyd expands executive board with terminal company chief Transocean secures three year contract for newbuild deepwater rig OCI Global plans to double green methanol production in the US Chinese shipyard to build two more reefer container vessels for Seatrade India explores sending vessels via Russia's Northern Sea Route Monjasa ready to deliver greener fuel in Colombia Clerc wants Maersk's ships to run on fuels other than methanol The Port of Los Angeles continues to grow in August EU climate requirements for aviation increase competition for green fuels New environmental requirements could make ships bypass Europe: "It's simple"Maersk's first methanol ship has "broken the vicious circle"HMM plans to use up to ten percent biofuel in its fleet Skuld chief exec says marine insurance remains challenging CMA CGM is ready to invest big-time in US port terminal Carsten Mortensen wants to build green reefer ship for banana export OOCL ready to buy companies but sets a limit to the deals Bunker sales in Singapore up by 3.4 percent in August DFDS acquires ferry operator with 750 employees First freighters sail to Ukraine since collapsed grain deal Container carriers miss out on increased spending in the US Media: Russia considers halting exports of oil products Major Australian LNG plant resumes full production following fault and strikes Klaveness to test Elon Musk's internet system on its ships Hapag-Lloyd were in talks to acquire state-owned port company Flexport founder in fierce criticism of recently departed chief executive OOCL wants to reach net zero already by 2050 Wallenius Lines appoints new chief executive Oil’s rally gathers momentum as Brent pops above USD 95 a barrel Russia sends thin-bottomed tankers along Arctic route for the first time Eneti lands multi-million dollar contract for new wind vessel Maersk and CMA CGM to collaborate on climate targets V.Group chief executive to futureproof the company: "I will never be finished"Chinese carrier orders world's first methanol-powered supertanker First loaded bulker leaves Ukraine following grain deal collapse DFDS on the hunt for green methanol in the US DSV builds yet another warehouse in Singapore, creating 300 jobs Denmark gathers countries to discuss shipping's climate goals at UN summit Hafnia lands new sustainable 300 million dollar loan Singapore and Rotterdam to cut CO2 emissions by up to 30 percent in 2030 Specialists say Europe is being flooded by a "tsunami of cocaine"Topsoe chief executive is confident ammonia will be the fuel of choice Germany's Rhenus Logistics buys dry bulk terminals in Amsterdam Chinese companies own stakes in 31 European port terminals 2,000 rejected oil deals make Bunker Holding's carbon footprint plunge Sohmen-Pao warns decarbonization will be incredibly hard and take a long time Shipowners praise OOCL's commitment to net zero emissions in 2050 Transportation and logistics are main drivers in Singapore's job increase Bunker Holding sets new climate targets for customers and suppliers Analysts: Not enough offshore vessels to serve record number of projects Svitzer appoints new CCO Saverys family's attempt to delist Exmar fails again Media: HMM among buyers of South Korean dry bulk carrier Bo Cerup-Simonsen believes carriers will cross the finish line in 2030 Habben Jansen calls on energy majors to do more for the green transition CMA CGM and Maersk will need help in new green lobbying alliance Cosco to build production chain for green methanol Dubai challenges Singapore as shipping's favorite city John Fredriksen has increased his wealth by NOK 81bn this year Hapag-Lloyd rolls out Starlink internet to entire fleet Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025 Opinion: Europe's key ports have become better connected after Covid A simple reason could explain low dry bulk rates despite good demand Russia’s diesel ban threatens to roil global markets – if it lasts European Energy gets new partner for methanol plant Shanghai to set up first pan-Pacific green corridor with Los Angeles Russia's new ban could send more countries on a frantic hunt for diesel Lidl's shipping company makes changes to get more customers in store Union warns: Shipping still struggles to attract women Star Bulk buys back own shares from Oaktree Capital Less freight risks mass layoffs at major UK port Navigare Capital cashes in from sale of several ships Ukraine's grain exports halved in one year Russia exempts gasoils, bunker fuel from export ban Danish shipping company tops list of offshore wind turbine installations Norwegian carrier gets state funding for new ammonia vessels Lynn Loo urges shipping to take steps outside its comfort zone IEA: Green fuels keep climate goals alive German ports fear public savings German logistics company wants to grow 250 percent by 2030 Fredriksen company loses legal dispute with shipyard Norden's venture in Gabon runs smoothly one month after military coup IEA: Ammonia is crucial for shipping's green transition Russia still relies on Europe to ship its oil despite price cap breach Maersk praises Cosco's plans to move into green methanol Maersk sells part of its business with the US government Shipowner with radical proposal: Ban fossil-fueled ship orders by 2027 Car carriers are riding high: "You can sleep very well and cash your money"A large part of Russian oil is shipped circumventing sanctions More new container ships are entering the water than ever before Three Japanese shipping companies join liquid hydrogen project Irish military makes major drug bust on dry cargo ship MSC extends partnership with Bremerhaven terminal for at least 25 years German carrier receives two box ships as part of major fleet modernization Ukraine lands deal to insure ships carrying grain from its Black Sea ports Norway's former prime minister praised shipping company in which husband held shares Qatar Energy orders 17 new LNG carriers in billion-dollar deal UN warns of huge costs for shipping's green transition Björn Sprotte leaves V. Ships after almost three years at the helm Media: Sale of DB Schenker enters next phase Panama Canal waiting times increase for ships once again Media: CMA CGM places new order for green ships Shipping companies are pressured by higher fuel prices UN wants broad agreement on grain corridor despite Ukraine's solo solution WinGD gets approval for its new ammonia engine Kristian Siem predicts boom in offshore following a decade of hurt It's time for DHL's new global head of ocean freight to prove he can be number one Diana Shipping orders two bulk carriers capable of running on methanol Britoil acquires 30 offshore vessels and offices from Vroon German bank to broker CO2 allowances to shipping customers First US bunkering terminal for LNG is on its way Venture fund in Singapore wants increased business focus from start-ups Norway increases support for developing countries' green shipping transition Oil steady after technical resistance stalled blistering rally Seven Seas: Customers' green ambitions and actions don't align Grieg and Peak Group venture orders up to eight new vessels Oil supermajor Saudi Aramco enters LNG MSC chosen as strategic partner for ailing Spanish rail freight company Russian oil is trading closer to USD 100 than the G-7 price cap Royal Arctic Line's chief executive steps down Broker sees benefits in Fredriksen's possible purchase of rival's tankers Everfuel and French fund to invest EUR 200m in hydrogen through joint venture Will the world come to need 12 million barrels of oil a day?Carriers go their separate ways on climate quotas Mississippi River waters dip toward record low in threat to US crop exports Gram Car Carriers lands multi-year contract worth USD 114m Poseidon Principles align with IMO climate targets Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"Russia takes more risks by increasing shipping on Arctic route Panama Canal once again limits the daily number of ships MSC acquires 50 percent of Italian railway company "I just don't understand what they will do with all the conventional ships"US dockworkers union files for bankruptcy after prolonged dispute Norway considers denying suspicious tankers access to its ports Aker Solutions, Subsea 7 and SLB creates new joint venture Lloyd's Register and partners have designed environmentally friendly bulk carrier French DB Schenker rival aims to close "white spots" on the world map Unifeeder invests in new methanol-ready vessels Bunker Holding is now able to supply biofuel to 80 ports Singapore shipowners on green transition: Business comes first Liquidation company puts an end to crisis in North German shipping bank BW Group sells millions of shares in gas shipping company MSC wins first case on congestion charge to customer Three new cars stacked in one shipping container to reduce long waiting times Small feeder ships headed for extinction in European market Typhoon closes 12 shipping routes off southern Taiwan Wärtsilä sees more carriers improving efficiency instead of switching fuel Orders for LNG and methanol ships increased over summer Maersk Tankers moves into new segment with latest pool US Coast Guard strengthens measures against violations on commercial ships Maersk's new methanol venture moves forward with project by Suez Canal Cascading of huge vessels poses a risk to thriving intra-Asia business Dutch offshore player orders the world's largest cable ship Negotiations could resolve deadlock between Euronav and Frontline DP World starts construction on large container terminal in East Java Stolt-Nielsen expects better times for its chemical ships in 2024 UK warns Russia could use mines against shipping in the Black Sea Bulkers carry less coal to India - but over longer distances Russia says IMO has become biased ahead of council vote Swiss Gunvor buys five LPG vessels with Norwegian carrier Lack of costly vessels could create bottleneck for offshore wind Euronav and Frontline confirm talks Carriers collaborate with German startup on quota trading system CMA CGM also announces new climate fee for customers Russia lifts diesel-export ban that roiled global markets Car carrier launches new route with ports in Europe and the US Media: Flexport to lay off a third of its workforce Opinion: Freight forwarders are waging a battle on two fronts Study finds serious issues related to harassment and bullying in shipping Maersk narrows gap to world's most reliable shipping company Stolt Nielsen shelves listing of Stolt Tankers – for now Søren Toft: MSC has spent "exorbitant amounts" in the fight against smuggling Euronav sells 24 supertankers and closes dispute with Fredriksen Maersk: "We're working intensively to change the culture in our fleet"DSV narrows acquisition strategy to focus on major peers Union: Authorities should be able to dismiss seafarers in cases of violations COP28 president calls rapid transition away from oil a fantasy Rotterdam will pay ships to refuel with green fuel J. Lauritzen to delist BW Epic Kosan together with partner One alliance has been worst at arriving on time since 2017 OOCL books 65 percent revenue dip and prepares for tough year end Søren Toft tries to assuage critics of MSC's move into Hamburg Toll Group wants to double its business through acquisitions within five years Frontline buries the hatchet with Euronav: "Two titans coming together"Israel closes key port and oil terminal Hapag-Lloyd's fleet chief warns of major shortage of green methanol Himalaya Shipping secures two-year charter agreement for two newbuilds DSV would still have to pay hefty price to land DB Schenker, says bank Fredriksen still thinks merger probably would have been best EU axes crucial competition exemption for liner companies Finland and Estonia agree on green corridor for sea freight IMF warns of stubborn inflation and weaker global growth in 2024 German shipping group gets new CFO EU decision could be first step towards tougher stance on carriers Cosco owner warns of significant declines in the year's first nine months John Fredriksen maneuver gets praise: "It's aggressive, it's good"Major carriers continue to order new and greener container ships Pirate attacks and armed robberies at sea are once again increasing Dry bulk companies expect limited effect from conflict in Israel Hapag-Lloyd expects to spend time and money following EU decision Port of Rotterdam wants to put an end to fuel cheating — in 2026 Report: Exemption has created distrust in shipping companies Zelenskyy: Russia must not turn the Black Sea into "dead zone"New report offers discouraging news of shipping's climate goals Analyst firm: Maersk to order 15 new green container ships Zim introduces war fee on sailings to and from Israel Samskip deploys ships in green corridor between Rotterdam and Oslo Euronav adds supertanker newbuild to fleet Carriers split on new environmental rating's effect on asset prices European forwarders hope for "fair and equitable" market after special rule is eliminated Customers could end up paying the price for new competitive landscape PSA International appoints new CEO Pacific Basin sticks to optimism despite major rate dip German shipowners fear supply chain disruption without block exemption Media reveals astronomical profits at MSC Container demand dips below historical trajectory CMA CGM invests USD 600m in US terminals Mixed bag of rates for Klaveness Combination Carriers Wallem Group's CEO steps down Ultrabulk opens new office in Japan Hapag-Lloyd's major shareholder is Germany's fifth-richest Bimco ready with its second clause for new climate requirements New bulk operator wants to introduce live updates on customers' cargo Coalition aims to send hydrogen across the Atlantic from 2026 Maersk to video monitor employees to prevent harassment Maersk suspends shipping in several locations on the Amazon River Rolf Habben Jansen predicts three difficult years for shipping One area in particular is sending far more containers than before Covid Supplier eyes big opportunities for shipping companies in carbon capture Hafnia adds new board member Singapore is feeling the heat from Dubai: "We have to run very fast"Diesel shortage could send more tankers to Europe over winter Exmar's new gas tankers will run on ammonia Private equity firm puts sale of Wrist Ship Supply on hold Analyst projects golden years ahead for Frontline Fashion major to ship goods on Maersk ships using biofuel Strained US freight forwarder lays off 600 Singapore-based Sinwa acquires ship supplier's Asian activities Maersk Supply Service is optimistic about US project despite headwinds US allegedly on track to ease sanctions on Venezuelan oil Another tanker sails into mine in the Black Sea Berge Bulk launches dry bulk carrier with sails in Singapore Forwarders to gain more leverage with canceled block exemption Columbia Group wants to attract more women to the maritime sector DFDS signs agreement with Navigare Capital for three ferries Lawyer: Battle over shipping's block exemption is not necessarily over Shipping companies test quotas to increase number of women at sea Big majority of shipping execs see competitive edge in green fuels Maersk warns customers about strikes in Australian ports Media: EU to present alliance against drug smuggling on container ships Jens Bjørn Andersen to step down as CEO of DSV next year Esvagt runs into hurdles on the road to two large US wind farms Bangladesh's flag rules severely disrupt feeder operations Investors slash billions from container lines' market value Mexico wants to lure containers away from Panama Canal with rail line DSV aims for seamless handover of power by choosing heir apparent Maersk builds new warehouses despite challenging market Departing chief exec has multiplied DSV's market value Ultranav invests in autonomous shipping startup DSV chairman on new chief exec: "If it’s going to be him, it has to be now"Flexport aims to be profitable before long Cool Company sells two incoming newbuilds EU highlights ports in large-scale roadmap against drug smuggling Idle container ships reaches 1 million teu again Opinion: Freight rates can seem irrational. Here's why they are not Jens Bjørn Andersen on exit from DSV: "It definitely won’t be easy"Media: MSC does not rule out closer ties between major North German ports US eases sanctions on Venezuelan oil Hapag-Lloyd launches cabotage service in Brazil Cadeler and Eneti take important step towards major merger Norway to combat harassment on ships after "disturbing" report Singapore's Sinwa aims to grow before being sold by private equity owner Xeneta: Liner companies are effectively subsidizing customer's freight Opinion: Everything and nothing has changed after Brussels decision Evergreen and CIP team up to explore options in green fuel Maersk taps yard for first green retrofit of older container ship Port of Hamburg to raise prices in January Offshore carrier to work for Ørsted DSV headed for drop in earnings in first report after news of CEO transition PIL expects profits again in 2023 and adds more vessels to its fleet DP World lands long contract at African port Chinese leasing company shuffles at the top Solstad Offshore lands refinancing: Aker contributes billions Textainer to be acquired by investment fund in billion-dollar deal Container carriers will struggle with overcapacity for years to come Esvagt is supported by the oil industry upturn: "Things are looking good"Complaints against container shipping companies are still pouring in BW Epic Kosan reveals figures after news of privatization Rodolphe Saadé calls for calm despite headwinds for large ocean carriers Eased US sanctions on Venezuela could benefit tanker carriers Port of Los Angeles gets busier ahead of Christmas A seafarer has died and two rescued after collision in the North Sea DSV to invest billions in state project in Saudi Arabia MSC gets approval to begin Hamburg acquisition Global oil demand to reach its peak this decade, IEA says Singapore launches digital receipts for bunker deliveries Greek dry bulk carrier to build ships for offshore wind DSV wants to bring its values to controversial project in Saudi Arabia Maersk met with compensation claim for losing containers Pension fund keeps a sharp eye on DSV's contract in Saudi Arabia Kuehne + Nagel reports setbacks across all parameters Bunker Holding's biofuel may have climate impact – just not yet Stena launches new company to operate methanol ships Political stance can determine oil demand towards 2030 Brimming order books will make one alliance extraordinarily big Rescue mission called off after British cargo ship sinks Vitol to offer biofuel from new barges in Singapore OOCL owner appoints new chief executive DSV steps into political minefield with major deal in Saudi Arabia Celsius Shipping places new orders and now has 16 gas carriers underway Höegh Autoliners boss sees no evidence of upturn ending anytime soon South Korean yard to build 17 LNG vessels for Qatar State owner: HMM could end up not being sold Report: Middle-aged men lead Germany's top logistics companies DP World to help Russia with container shipping in the Arctic Container lobby disappointed by EU: "More politics than policy"Bunker company wants strict enforcement of new rules in Rotterdam APM Terminals wants industry to join forces on port electrification Hanwha Ocean lands first quarterly profit since 2020 Yara and Navigator Holdings invest in ammonia bunkering Germany's Harren Group enters ship management Clipper Group wants to double its fleet: "We can afford to expand"Another energy major forced to impair US offshore wind farms Major investors want answers from DSV on Saudi mega-project Matson chief expects low container demand through 2024 Himalaya Shipping has secured work for its entire fleet Opinion: Why shipbrokers defy disruption Cosco Shipping Ports is looking for opportunities to invest Israel will pay for war damage to ships in its waters Construction of new German LNG terminal can start earlier than expected Oil pushes higher as US strikes in Syria raise Mideast tensions Europe's drug war could spread from key ports Zeronorth joins forces with Singapore-based tech firm Russia has taken a big bite out of Unifeeder's business : "That's the way it has to be"More investors raise questions about DSV's deal in Saudi Arabia Maersk's methanol producer secures site for large factory in Spain Paperwork can be a stumbling block in the fight against pirates J. Lauritzen sells all its shares in Hafnia following price rally Ceva Logistics warns of fraud attempts Carriers cancel sailings as new ships flood in GIC and Petronas to invest in green ammonia project in India Container producer CIMC's profits nosedive HSBC: Liner companies may be facing biggest crisis ever Stamford Shipping forms methanol joint venture in Singapore Oversupply of vessels impacts ONE's result severely DSV has secured a possible way out of contract in Saudi Arabia Dip in profit for Klaveness in seasonally weak markets Norden brings in new COO from TotalEnergies Green shipping requirements keep demand high at Wärtsilä Kuehne + Nagel pulled out of bidding for deal in Saudi Arabia Gard launches specialized war-risk service Toll Group takes over majority of Dubai joint venture Ørsted halts two major offshore wind projects in the US Analyst: Maersk may have lost 97% of its earnings in Q3 Hafnia calls for end to macho culture following report on harassment Cosco's net earnings dive 95% in Q3 Unifeeder wants more green ships – but two requirements must be met Flagship Founders incubates startups with digital solutions for shipping Zeronorth chief on merger: "We are of course extremely excited"Wallenius Wilhelmsen charges extra for biofuel in most of its contracts Only 18 ships per day can transit Panama from February next year X-Press Feeders plans a soft launch for its methanol fleet PSA and PIL to introduce low emission container routes Höegh Autoliners signs deal with Yara for ammonia delivery Norden narrows its expectations for 2023 Nordea still concerned about DSV's Saudi mega-deal following investor call Impairments hit Maersk Supply Services' wind farm in the US DFDS finance chief to step down Euronav expects rising rates in the coming months Norwegian carrier to launch first ammonia-powered container ship Third report in a row: Seafarers have become less satisfied Odfjell sees healthy demand for the remainder of the year Dorian sees rising order book cast shadows over gas tank Jan Rindbo projects upturn in dry cargo – but next year will be difficult HMM expands its bulk fleet with USD 1bn deal Yangzijiang Shipbuilding presents record-high order book Maersk wants to cut at least 10,000 jobs amid industry downturn Eagle Bulk books first deficit since 2020 Israeli ports ask for state help to cover skyrocketing war premiums More countries want to reduce their reliance on Chinese containers Gram Car Carriers expects to increase profits Opinion: It would be wrong to describe the downturn as extreme Vincent Clerc sees risk of a price war between major carriers Dry bulk carriers pick up more lumber in Sweden Maersk is far from logistics targets: "I'm not going to hide that"WSC: Bangladesh rules have a substantial negative impact ONE completes port acquisitions in US and Rotterdam Japanese shipping group expects big drop in full-year profits Union Bulk buys its first dry bulk vessel Norden expects oil demand to decrease – but when is hard to say Companies hesitate to move production closer to the West The Panama Canal's new restrictions will force tankers to make detours DFDS is striving to improve workers' wellbeing following internal survey IMO calls for new rules for transporting flammable batteries Hamburg firm hires new partner specializing in English shipping law Hamburg and MSC to invest EUR 450m in terminal company US ports to receive triple-digited million-dollar upgrade DSV welcomes more fair competition following scrapped exemption Chinese housing market could force bulkers to look elsewhere DHT still benefits from geopolitical turmoil Supertanker freight rates climb well above yearly average German ship manager aims for expansion in Northern Europe Oil slips below USD 80 as Fed rate worries cloud market outlook India to build 24 ships for trade with Russia Spin-offs bolster Maersk at time of increased financial pressure Dutch methanol supplier hit by low prices MAN to supply methanol engines for Wallenius' new vessels Ardmore looks ahead to winter following drop in earnings BW Epic Kosan banks on transport of ammonia and CO2 Cadeler and Eneti preparing next step towards large-scale merger MSC tops list of carriers with the oldest ships Ultrabulk chief exec treads carefully: Bulk has yet to hit rock bottom Swedish dockworkers block Tesla shipments due to labor dispute Flex LNG predicts strong demand in next few years Opinion: Unreliable contracts create vicious cycle for shipping companies DHL expects that market slump will continue well into next year China's imports of coal and other dry bulk goods soaring Maersk appoints new director of Greater China Seatrium expects to deliver a net loss in 2023 Transport Capital sees investors cashing in on offshore investments Hapag-Lloyd to look at costs after severe plunge in freight rates Torm acquires eight vessels for almost 400 million dollars Drought in Panama sends bulkers on profitable longer voyages Torm rewards shareholders after best nine months ever Ukraine reports one dead in attack on bulker in the Black Sea Rolf Habben Jansen describes the third quarter as a bloodbath Carrier pays close to USD 4 million to jump cue at the Panama Canal New study raises concerns about the durability of biofuels Torm gets a new shareholder after purchase of tankers Höegh Autoliners chief sells large chunk of stock in the company Italy's d'Amico eyes lasting tanker boom with longer journeys and healthy supply Scorpio suffers from weak third quarter but bottom line grows Canal chaos spurs Nixon to put pressure on Panama's president HMM posts black figures but prepares to cut costs VDR will not investigate possible harassment on ships after all Monjasa announces biggest single-ship investment to date US authority warns against lithium batteries following ship fire Gas carriers turn their backs on expensive auctions in Panama German owners are looking for alternatives to container ships Two maritime technology companies join forces Essberger appoints new CEO following divestment Belships loses more than two thirds of profit in weak market Bugbee thinks Panama Canal crisis could boost tank rally CMA CGM confirms downturn with massive drop in earnings DP World ports in Australia hit by cyber-attack this weekend United Heavy Lift partner believes in another solid result for joint venture Container demand exceeds 2019 levels for the first time this year NYK to build ammonia-powered bulkers with mining major Norwegian company to build hydrogen-powered container vessels Exmar predicts high prices due to traffic jam in Panama Only 11 percent of orderbook in bulkers and tankers is dual-fuel CMA CGM warns against price war on container freight Lauritzen Bulkers predicts dire months ahead for dry cargo Hanwha Ocean to build world's largest ammonia carriers Wallem preparing for dual-fueled vessels through crew training Ørsted pulls out of offshore wind consortium Customers are sending more goods to the US East Coast Odfjell orders six new tankers Analyst: It's been a paradoxical year for dry cargo shipping Navigator's gas carriers have gotten busier since last year Media: US warns tanker companies in 30 countries Hamburg's largest port operator sees decline in profit ahead of MSC deal Daily earnings at historic high for BW LPG's large gas carriers Odfjell postpones difficult climate decision with simple maneuver Canceled projects worries Lynn Loo: "We’ve just got to move faster"DFDS raises expectations at the bottom despite a depressed freight market Maersk to ship goods on alternative fuels for Norwegian retailer Departing DSV chief exec regrets lack of gender diversity in top management Moody's: Container lines have sacrificed prices to fill their ships Media: Denmark may be required to block ships carrying Russian oil Jacob Meldgaard sells shares worth USD 16m Berge Bulk ship caught with 52 kilos of cocaine Eneti's revenue drops in slower wind market First container line unveils its upcoming emissions fee Bunker One to cut fuel consumption with new additive Zim makes massive impairment as woes for liner companies continue Torben Carlsen steps on the brakes: "We have already adapted"South Korea offers state aid to shipyards to bolster competitiveness India to tighten foreign-flagged vessels' cabotage rules MPC Container Ships sells three ships to Turkish container line Port of Hamburg sees signs of recovery after increasing container volumes MSC to form new company with Italian railway to strengthen logistics in Europe The Panama Canal ship queue grows longer by the day DSV in tricky situation: Observers see partnership as key to change at the top German seafarers bag wage increase with new collective agreement Politicians open to Danish action against Russian oil shipping in the Baltic Sea Gaslog gets record-breaking sustainable credit line Wärtsilä lands preliminary agreement with carrier for first ammonia engine Klaus Nyborg: All my chief execs need to take multiple exams Hafnia pays more than USD 100m in dividends to shareholders in Q3 US blacklists three Sovcomflot tankers for breaching oil sanctions DFDS doubts that struggling hydrogen plant will become competitive Parts of the Rhine are closed to ships due to high water levels Opinion: Major container lines have driven the price war – but one stands out EU committee wants to tighten fines for ships' ocean pollution Mikael Skov hopes that a surge in scrapped tankers will keep the boom going DFDS considers sale and leaseback deals for several ferries Three ports to create European corridor for renewable hydrogen Russian figures suggest Western oil sanctions not working Unifeeder believes in growth in India and already flies national flag Purus Shipping orders two very large ethane carriers Seized vessel in Red Sea renews fears of shipping disruption Cargill-hired wheat ship sailing in Black Sea damaged by blast CMA CGM establishes AI center with former Google executive Shipping companies have saved billions of dollars on scrubbers Prices for old tankers are soaring: "It's still a seller's market"Shipowners pursue very different paths to meet new climate regulations UK also set to drop competition exemption for container lines EU will look at ways to curtail reflagging of scrap-ready ships Briese Heavylift gets third ship banned in Australia Sri Lanka kicks off large-scale expansion of Port of Colombo Vestas hires supply vessel from Singapore-listed Marco Polo Golden Ocean remains optimistic despite slimmer bottom line Crew from Houthi-hijacked ship detained in Yemen MPC sees shipping companies return container ships Carrier reports strain on European ports after boom in cars from China Stolt-Nielsen orders up to ten new tankers Mats Berglund returns to Pacific Basin New study: Seafarers' wages increase by more than ten percent CMA CGM will charge more for Panama Canal voyages Maersk halts all activity in Syria Maersk has begun layoffs at HQ as part of cost reduction measure Golden Ocean has a hard time finding anything to worry about Share purchase brings MSC closer to ownership of HHLA OECD warns about severe shortage of manpower at shipyards Maersk lands deal for half a million tons of methanol per year Scorpio, Hafnia and Torm expect strong appetite for oil for years to come Pakistan to join convention on safe ship recycling DSV has changed strategy in the US to cope with congestion in ports Operating margins among carriers are now averaging below pre-Covid levels Shipowners call for approval of Indian yards following new deal Seaspan's long-term charter contracts shield against diving rates New container ship prices are nearing an all-time high Odfjell is tracking two scenarios in particular for the Israel-Hamas conflict Kuala Lumpur's MISC benefits from increasing LNG rates ONE to test wind propulsion on container vessel Alexander Saverys takes over as chief executive of Euronav Hapag-Lloyd to hire hundreds of IT specialists for new center Reefer carriers see last year's slump continue Forwarders report congestion in South Africa with almost 100 ships waiting Shippers spend USD 235m in bid to bypass Panama Canal congestion DHL predicted to beat rivals in challenging time for freight forwarders Shipping banks warn that the cost of money has become too cheap Cosco prepares to pass cost of carbon quotas on to customers Ceva Logistics acquires India's Stellar with 6,000 employees Yara to ship CO2 from the Netherlands for permanent storage in Norway Media: Two buyers left in the takeover battle for HMM D'Amico beats four major tanker rivals on bottom line growth Three Greek carriers have left the Russian oil trade Nautilus Labs sold to tech firm Danelec Norwegian bill for better pay to foreign seafarers pushed to 2024 Critics warn of poor conditions at EU-approved shipbreakers in Turkey Panama logjam could benefit Europe as US LNG cargoes avoid Asia Finland to tender offshore wind projects of up to 7.5GW Sliding rates are not enough to derail BW LPG’s faith in the market Nippon Express sees profits plunge 72 percent Tanker linked to Israeli tycoon freed by US warship off Yemen Shipping lobbies want political support for the sector at COP 28 in Dubai DP World partners up with international climate agency Media: EU countries want carbon quotas for shipping postponed Shipowner says crew unharmed on drone-hit CMA CGM ship Alexander Saverys is thrilled with the billion-dollar takeover of Euronav Consultant: Shipping companies need to get moving on quota preparations German logistics operator buys Swedish sea freight specialist Maersk has raised billions from three share sales in popular car shipping company Avance Gas sees upswing continue with boost from Panama effect Somali pirates allegedly behind attempted tanker hijacking Zim warns of longer transits as carrier avoids the Arabian and Red Seas Analysts: Hapag-Lloyd has a choice between merger or acquisition Maersk Supply Service to lay off up to 55 employees globally Torm major shareholder attempts partial sale of stake in tanker firm - again Saverys family orders hydrogen-powered service vessels Havfram CEO predicts good news for offshore wind Energy giant unveils its 2030 target for green fuel production Avance Gas CEO predicts more forced re-routing as Panama problems continue Kuehne + Nagel makes acquisition in Canada One fifth of Russia's LNG is resold through EU ports MAN Energy Solutions: It will take more than green fuels to achieve climate goals CMB builds four hydrogen-powered general cargo vessels OECD warns global economy risks losing momentum EU ETS to cost carriers' customers up to five percent of freight rates 2024 could be big acquisition year for freight forwarders Report: Women and minorities still outnumbered in shipping offices Ulstein Group's chief executive resigns Maersk settles major lawsuit against the ship that blocked the Suez Canal Oil advances for third day ahead of high-stakes OPEC+ meeting Fredriksen and banks finance Frontline's massive VLCC purchase from Euronav BW LPG expands in India with new investments Report points to strong profitability in tankers through 2025 Government green-lighted DSV's Neom project in late 2022 Maersk reschedules ships due to Middle East conflict Harren Group expects strong market in the long term – but 2024 will be tough Azane in deal for bunker vessel design with emission-free propulsion Female engineer sues US Navy on grounds of rape Bankrupt US retailer sues MSC for USD 300 million Bimco: Limited growth in bulker fleet will stabilize the market Greek shipping giant warns Panama Canal chaos may hit Suez Maersk Tankers orders up to ten very large ammonia carriers Stormgeo chief exec will instead head Unimed Lightship owner: "We want to be the best broker in the world"Pakistan joins convention on responsible shipbreaking Frontline: The question is whether the industry is ready for EU carbon quotas Major shareholder demands more information from DSV on Saudi project Maersk is again the most reliable container line Habben Jansen: The facts indicate limited overcapacity in container shipping Top shipping execs call for end date for fossil fuel-powered newbuilds US warns Iran-backed Houthis after attacks on Red Sea shipping Chinese container vessel suspected of damaging Baltic gas pipe line Russia loses seat in IMO's governing body Several tankers blacklisted for breaking price cap on Russian oil Denmark donates millions to support green shipping in developing countries Maersk invests over half a billion in infrastructure in Southeast Asia Maersk Tankers is working on contracts for new ammonia vessels Hapag-Lloyd imposes a war fee on freight to and from Israel Report lists ten barriers for final investment in green fuel projects Owner of hijacked car carrier calls for greater efforts to free seafarers More than 250 green newbuilds have been commissioned in 2023 New leadership of owners association urged to promote Hong Kong Ørsted and EIB sign EUR 400m framework loan Hapag-Lloyd to monitor seafarers to prevent violations on US ships Nordic trade unions take on Tesla in fight for collective agreement US signals increased military presence in the Red Sea after recent attack Report: Offshore wind ambitions require big expansion of German ports APM Terminals and DP World form alliance to promote green ports Heavy lift companies are met with green demands from energy giants MSC is in talks to acquire French freight forwarder Seaspan enters new segment with order for car carriers Major shareholder offloads shares in Torm J. Lauritzen and partner complete privatization of BW Epic Kosan Possible fraud at bankrupt Thorco companies reported to financial police Maersk and CMA CGM land deals with Nestlé for biofuel freight Container ship emissions fell 12% in 2023's first seven months Kjell Inge Røkke was Norway's top earner in 2022 EU considers ban on Russian gas that could send tankers on longer voyages High prices and fewer transits trim queues at Panama Canal New container route from Hamburg to Bremen will replace trucks Singapore's Seatrium appoints new CFO PIL and DP World sign agreement to decarbonise the supply chain ONE ship collides with bridge in the Suez Canal Police confirm investigation into possible fraud at Thorco companies Pacific Basin secures green loan for USD 150m Maersk set to launch its first green ship on main tradelane Lightship Chartering hires ten brokers for expansion in Singapore New report: Green container shipping to cost USD 200 per container MAN to supply engines for J. Lauritzen's methanol bulkers Shipping sector lands deal for supply of 11 million tons of green fuel German shipowners slam government for inaction on carbon quotas Hayfin is gearing up to buy shipping assets for USD 1bn Investor lashes out at Solstad following restructuring Chinese shipbuilder unveils design for nuclear-powered mega-ship Germany wants to shield its ports better against foreign takeovers Iran seizes two ships for suspected oil smuggling Shipbreakers have improved – but low pay and dangerous conditions persist Kistefos ups stakes in Solstad after criticizing new rescue plan US won’t rule out military action against Houthis, official says Competitors snap up remains of bankrupt logistics firm Opinion: Houthi attacks differ from piracy in one crucial aspect Bimco adopts clauses for coming EU carbon quotas Cadeler bags green refinancing loan ahead of merger with rival Oldendorff to install rotor sails on coal carrier Hapag-Lloyd is beginning to feel the impact of drought in Panama Seatrium boss says offshore wind downturn is good for the industry Singapore to define when a maritime business in Asia is actually green Houthis warn they will target all ships sailing to Israel Avance Gas collects USD 73m from ship sales Container demand has increased – but still not enough DB Schenker appoints new head of contract logistics Carriers break records with almost 24 million cars shipped in 2023 Logistics majors expect long delays from drought in Panama Canal Maersk exit from car carrier could trigger consolidation UK dockworkers join forces in strike against Ørsted Maersk also introduces war fee on freight to Israel Odfjell presents tanker which can sail on five different fuels X-Press Feeders deploys green methanol vessel in Northern Europe Media: South Korean government wants to speed up sale of HMM Star Bulk and Eagle Bulk merge and create new bulk behemoth Houthi missile strikes ship sailing through Red Sea Attack was "a tough experience for everyone on board," says shipowner UAE praised for extensive ban on beaching and reflagging EU expected to ditch ban on tanker sales to Russia Star Bulk has appetite for more acquisitions after major merger IMO and marine insurer warn against sailing in the Red Sea after new attack MSC holds enough shares to secure entry into HHLA CMA CGM's feeder line upgrades intra-Asia ships to 7,000 teu Final COP agreement includes fossil fuels for the first time DFDS to build green ferries for USD 1bn by 2030 Overview: Here are the top maritime highlights from the climate summit Bunker Holding anticipates long period of green fuel shortages Opinion: We expected a deluge of calls when we announced our green vessels Carriers frustrated by slow pace of Norway's big bet on offshore wind Himalaya Shipping to raise USD 17.5m from investors UK authority reports new attack on ship in the Red Sea Almost 40% of the global container fleet will be affected by EU carbon quotas Maersk's head of Northern Europe steps down Insurance prices surge in Red Sea after several attacks on commercial ships OSM Thome using its new volume as a means of negotiation power Ardmore tanker attacked in the Red Sea Stena Sessan wants to take Concordia private DSV remains frontrunner in quest for rival despite controversial Saudi project DFDS: We only need to build four new ferries to reach climate goals Port of Singapore seeks solutions to secure sufficient methanol supplies Major carriers adjust their network and reduce expenses to EU climate tax Scorpio erases debt by repurchasing 13 tankers Maersk ship attacked near the Red Sea Port of Los Angeles is bringing in more cargo compared to last winter German recruitment platform partners with Lomar Shipping Bernhard Schulte orders its first CO2 tanker Anglo-Eastern refuses to take part in sector consolidation NGO worried that Asian palm oil is mislabelled as used cooking oil Lars Sørensen appointed new regional manager at Hapag-Lloyd Houthi militia confirms missile attack on Maersk ship Large Hapag-Lloyd container ship on fire after missile attack CEO: Ship management is racing to the bottom at the expense of employees BW Energy's board opposes takeover bid from major shareholder Lars Jensen: High probability that shipping companies will send ships south of Africa Fully loaded oil tankers from Maersk Tankers may avoid the Red Sea Shareholder majority in Eneti backs large shipping merger European shipowners and ICS call for rapid increase of ship safety in the Red Sea White House spokesman: US will continue to consider options after spiraling Red Sea attacks Maersk and Hapag-Lloyd halt all sailing in the Red Sea after attacks Shipping companies face costly route changes after Red Sea attacks OOCL stops all cargo acceptance to Israel Korea's KSOE shipyard bags USD 500m ethane carrier order Singapore Maritime Foundation conducts board changes HMM reroutes vessels south of Africa The US wants Norway to join coalition against attacks in the Red Sea The world's largest container lines avert ships from Yemen Panama Canal to let more ships transit in the new year US expected to launch coalition to defend shipping this week APM Terminals completes second phase of key port expansion German energy major hires Havfram for offshore wind project Customers risk soaring freight costs and delays in the wake of Red Sea chaos BP to pause all tanker transits through the Red Sea Uni-Tankers operated vessel hit by "object" in new attack Fire on Hapag-Lloyd ship has been extinguished after attack DFDS aims for more large customer relationships after logistics acquisition EU sanctions Russian "shadow fleet": Calls for more control of tankers Media: Poultry processor Harim Group to buy HMM ONE sets up office in Nagasaki to expand global network US launches coalition to protect vessels from Houthi attacks near Yemen Maersk reroutes ships to sail south of Africa DB Schenker is now officially up for sale EU sanctions to scrutinize recent tanker sales in hunt for Russia's shadow fleet Insurer warns carriers: Almost too risky to sail in the Red Sea Three countries plan to remove floating mines in the Black Sea HMM and new owner create shipping behemoth with 400 ships Carriers still avoid the Red Sea even though war ships are on the way Potential buyers have one month to show interest in DB Schenker Skuld reports positive bottom line ahead of renewal season Vincent Clerc expects weeks of delays after attacks on ships Saverys family sets new executive team at Exmar Höegh Autoliners signs second deal for bio fuel Malaysia bans Israeli Zim from calling in the country's ports Höegh Autoliners signs biofuel-partnership Call to stop new fossil-powered ships met with support as well as criticism DP World ready for next phase of expansion in Antwerp Car carriers react differently to situation in Yemen waters Tanker companies lay low to avoid becoming targets in the Red Sea Media: Top management close to buying Maersk Broker Major merger could be first step in dry bulk consolidation wave Norden remains silent on possible fraud in Thorco prior to takeover Hapag-Lloyd looking to add 15 terminals in the next five years Companies already struggle with delays after attacks on ships Owner has put major Singapore bunker supplier up for sale again Höegh Autoliners changes tack - opts out of passing through conflict-affected zone US inventory build weighs down oil prices EU pledges to join US-led effort in the Red Sea Houthi attacks add USD 22bn to valuations of shipping companies Søren Skou becomes chairman of large retailer Freight forwarders warn of up to four weeks of delays as more ships divert Suez Canal blockage prompts companies to look towards air freight Wilhelmsen acquires German competitor Zeaborn New routes for container vessels set to boost demand for fuel Carriers may find nasty surprise when looking for loophole in carbon rules Seatrium boss takes confidence in solid orderbook despite headwinds Media: Several Maersk dockworkers tested positive for drugs Happy holidays from ShippingWatch Long detours for ships could lead to unexpected costs for carbon quotas Western Bulk is heading for a loss after being too pessimistic New route around Africa bumps up freight prices after a year of decline Opinion: The attacks on merchant ships are also an environmental crisis NGO: Turkish scrap yards are approved without thorough checks Cadeler takes pole position among wind carriers Former Google executive leaves Maersk holding company Saverys lets Euronav take over tech company in billion-dollar deal Maersk is ready to foot bill for cleanup after lost containers wash ashore DSV's growth engine in Asia is powered by Chinese mega companies Rerouting of ships may not be enough to solve shipping's biggest headache MSC vessel receives bomb threat during Christmas for second year in a row Italian shipping company pulls the plug after just two years in business Carriers return to Red Sea despite attack on MSC vessel Samsung Heavy lands lucrative order for ammonia ships Maersk announces several voyages through the Suez Canal early next year Maersk appears to have chosen shipyard for methanol vessels Singapore hosted record number of ships in 2023 Minister to summon Maersk to meeting about lost containers US allies keep Red Sea coalition participation under wraps Eidesvik Offshore set out on green journey 23 years ago: "Quite challenging"Bulk carrier hits mine in Black Sea on its way to Ukraine Japanese port to house Maersk's latest methanol project Carriers storm Monjasa as detours cause demand surge at African ports Cosco latest carrier to pass climate bill on to customers Norwegian shipowners launches sharp criticism of tax increases India seeks more Middle East crude as attacks delay cargoes Liner companies treat owners to large dividends despite stock rout in 2023 CMA CGM introduces Red Sea fee These will be shipping's most important climate initiatives in 2024 Freight prices continue to skyrocket – up 40% this week Evergreen knocks MSC off top spot for most punctual carrier Drone and missile shot down in Red Sea by US warship Professor: Extreme weather will be huge challenge for shipping Seafarers on Danish vessels to get double wages for Red Sea voyages Beach cleanup of lost Maersk containers complete Most read in 2023: The DB Schenker saga, new Maersk and Red Sea crisis Mærsk heirs sell Maersk Broker to top management US sanctions Houthi financers following attacks on ships Guards had to fire handguns at Houthis following new attack on Maersk vessel US forces sink 3 vessels and kill ten people protecting Maersk ship Iran sends warship to conflict-ridden strait following US sinking of Houthi ships Golden Ocean names new CEO Oil prices climb after Iran's intervention in Red Sea conflict Maersk sailings paused through Suez after attack - new report pending Seatrium bagged USD 1.4bn in sustainabilty-linked loans in 2023 Ship supplier Everise Shipping Service acquires Seven Seas Group Russian tankers leave India with cargo after payment problems November punctured optimism of German logistics firms 2024 may hold strikes, layoffs and price wars for major carriers Anders Hald reveals new board members at Maersk Broker Norwegians form new Singapore-based digital company Analyst: HMM takeover is "quality deal" for new owner Maersk stops Red Sea sailings indefinitely Overview: How carriers are responding to the Red Sea crisis Spot rates on certain routes reach highest level in over a year Avance Gas sells vessel with healthy profit Navigare Capital welcomes new partner Bimco appoints new deputy secretary general MSC may be playing both sides of the fence with latest acquisition Stainless Tankers elects new head of finance Nearly half of last year's orders are capable of sailing on alternative fuels Construction of controversial port motorway in Hamburg can begin Laurence Odfjell believes many owners could do much more to decarbonize BP and Equinor cancel Seatrium wind farm order B.P. Marsh backs new marine insurer in the UK Overview: How different shipping lines are raising prices following the attacks Harald Solberg resigns as CEO of the Norwegian Shipowners' Association Red Sea crisis could strain relationship between carriers and customers Opinion: How do we ensure reliable contracts in container shipping?Houthi rebels have attacked CMA CGM ship Analyst: Military alliance considers attack on Houthis to resolve crisis ECSA appoints its first female president British authority: Armed group has boarded ship off the coast of Somalia Red Sea seafarers face serious risks to their mental health Analysts predict silver lining for freight forwarders from Red Sea disruption Clarksons expects new record result for 2023 Maersk diverts all ships in the Red Sea south of Africa Container traffic is hit hardest by Red Sea crisis Dry bulk freight rates on short sea routes have exceeded expectations in tough year Clarksons: Shipping industry has stayed afloat despite turbulent tides Container freight rates continue to skyrocket Politician calls for swift cleanup of old ammunition in the Elbe Opinion: Red Sea crisis will soon affect Chinese New Year celebrations Torm swaps shares for two new ships Media: Cosco will halt shipping to Israel Maersk Supply Service keeps building despite project closure Lightship buys stake in London-based Braemar Flex LNG expects to boost income by re-contracting gas facility Oil drops as Saudi pricing cuts counter Middle East supply risks Anglo-Eastern expects to retrain 30,000 seafarers for green transition Essberger receives third chemical tanker in a series of four Carriers are entering agreements with the Houthis to avoid attacks Union Bulk appoints new management Bunker Holding owner at center of big environmental case Maersk Tankers acquires major US tanker operator India scrutinizes DHL, FedEx and UPS for alleged collusion Malaysia's Port of Tanjung Pelepas appoints new chief exec The global merchant fleet is getting older and older Maersk joins green fuel alliance in India Logistics group Leschaco hires Maersk exec for its tanker business Oil recovers from steep drop as prices struggle to break range Tankers undaunted by attacks keep sailing in the Red Sea Vortexa raises USD 34m to fund expansion OOCL's revenue plunged 60% in 2023 Sea wants to be a digtial marketplace for carriers going green Zodiac hires ex-Maersk manager as COO Five of the world's ten biggest shipyards are now Chinese Major attack in the Red Sea – US has shot down 18 drones Methanol beats LNG as preferred alternative fuel in 2023 DSV says it's not part of Indian cartel case IMO's new secretary-general sets his team Managers need to rethink their approach to bring Gen Z into shipping Far more container ships were scrapped in 2023 Qatari gas carrier orders six new vessels Beaches flooded with plastic after new loss of Maersk containers Insurer wants customers to disclose links to Israel Number of containerships in the Red Sea has dropped by 90%Maersk warns of delays in strike-ridden Germany Carsten Mortensen's new shipping fund loses major Japanese investor Minister wants guarantee from Bunker Holding owner in environmental case Clyde & Co faces fine for anti-money laundering rule breaches Intermarine expands fleet with four chartered vessels UN Security Council calls for an end to Houthi attacks on ships Egypt and Maersk to collaborate on security in the Red Sea Chief exec says small operators offer the worst conditions for seafarers 350 new container ships hit the water last year Strained South African ports seek outside help to improve operations Höegh Autoliners considers extra charges for rerouted ships Iran claims they have boarded tanker vessel in the waters near Oman Maersk uses rail freight to bypass Panama Canal traffic jam Clerc says Red Sea crisis could impact global economy for months At least one Middle Eastern carrier has made a deal with Houthi rebels HSBC: Red Sea crisis could be highly lucrative for liner majors Angry farmers block Port of Hamburg with tractors Torm issues bonds to part finance newly acquired tanker vessels Hong Kong shipowner Wah Kwong expands European presence HD Hyundai shipyards has already bagged 9% of 2024 target US, UK launch airstrikes on Houthi rebels after Red Sea attacks Arrow chief exec says new energy desk is part of natural evolution Houthi rebels vow to continue threat against ships despite US-led attack Ukraine exports more grain now than at peak of UN-backed corridor Hafnia is accused of undermining sanctions on Russian oil Tanker operator DHT benefits from international turmoil Hunter Group secures USD 12m to fund new supertanker venture Himalaya Shipping takes delivery of its three newbuilds MAN to provide 48 engines for floating power plants Chinese carmaker sends electric vehicles to Europe on its own ship Maersk calls for solution to Red Sea crisis as conflict escalates with airstrikes German shipping group launches venture capital arm Torm tankers steer clear of critical area in the Red Sea Singapore-based recruiter opens office in Dubai Maritime Singapore celebrates four highs but is cautious about 2024 Clyde & Co "regrets failings" after major fine Military analyst claims ships can once again sail safely in the Red Sea DSV banks on mining companies in Asia-Pacific Liner companies to explain surcharges following Red Sea crisis Small carriers could be forced into bankruptcy by new EU carbon quotas Saverys wants to transform Euronav with 120 new tankers Inchcape Shipping Services hires former Monjasa exec MPC Container Ships bags USD 100m in funding Qatar pauses gas shipments via Red Sea after US airstrikes US shoots down Houthi cruiser missile Crisis could cost liner companies upwards of USD 72m a day Lidl's shipping line charters more ships as detours continue Whistleblower leaked internal emails about possible fraud at Thorco Gary Vogel to step down from Eagle Bulk once merger is complete Eagle Bulk confims vessel hit by missile Pacific Basin opens office in Singapore China is now building half of the world's newbuilds CMA CGM terminates commercial agreement with airline Carriers should highlight environment and equality to attract young talent Hanwha Ocean halts operations after fatal accident Owner is satisfied with interest in DB Schenker following deadline Asia-Europe routes face shortage of up to 70 ships German port operator introduces digital checks for truck drivers Greek shipping company confirms attack on bulker north of Yemen Emanuele Lauro to join Cadeler board Thorco regrets rejecting bid for now-bankrupt shipping company Klaveness Combination Carriers increase earnings in fourth quarter DSV on threshold of a historic year with several milestones in sight Equatorial retains top spot among Singapore's bunker suppliers Dongbang is confident in the market and invests in two ships German insurer opens new office in Bremen Gas bombs exploded in front of Israeli liner company's office in Athens DSV gets green light from EU on disputed mega-project in Saudi Arabia ONE orders 12 methanol dual-fuel container vessels CMA CGM and airline to divorce following "forced marriage"Maersk and Hapag-Lloyd form new alliance New alliance kicks off fresh round of musical chairs at liner companies Vincent Clerc expects Suez Canal transit challenges to last for months Evergreen's revenue dropped by more than 50% in 2023 Vietnam's major SBIC shipyard faces bankruptcy and restructuring HSBC highlights port operator as one of five Asian stock picks The US strikes 14 Houthi missiles ready to launch in Red Sea Höegh Autoliners secures long-term contract with car major Solstad Offshore lands new plan for refinancing Maersk says it has found the cure for its customers' biggest headache EU preparing to launch mission in the Red Sea European ports say Red Sea crisis is more dire than Ever Given blockade America's top port handled far fewer containers in 2023 Almost no ships can feel safe in the Red Sea after two months of attacks Germany's biggest port poised to lose out once Hapag-Lloyd and Maersk join forces Dachser appoints new head of air and sea in Asia Pacific Geodis exec believes long period of geopolitical stability is definitely over Singapore's Minister of Transport resigns amid charges of corruption Houthis launch missiles at another American ship Ukrainian agricultural exports slowed by Red Sea crisis Opinion: Maersk and Hapag-Lloyd will soon topple another domino Norden's discreet major shareholder has passed away Ceva targets UK logistics company with over 20,000 employees US sanctions tanker company for illegal trade in Russian oil Three key areas set to impact the logistics sector in 2024 Henriette H. Thygesen to leave Maersk Bunker Holding's owner declares subsidiary bankrupt following environmental scandal in Denmark Flexport raises USD 260m from co-owner More ships were abandoned at sea in 2023 Maersk bags Flying Tiger for its eco solution New UK marine insurer has plans to break into Scandinavia and Singapore Dry bulk operators have almost halved pandemic boom profits Hapag-Lloyd offers land transportation to avoid Houthi attacks Route south of Africa has consequences for shippers' carbon footprint Tanker rates soar following longer voyages Northstandard to open office in South Korea Broker expects to see VLCC orderbook double in 2024 MSC to build new German headquarters in Hamburg Wallenius Wilhelmsen secures large contract Hapag-Lloyd acquires British logistics company US and UK launch new attacks against the Houthi militia EU countries agree on joint military operation in the Red Sea MAN Cryo gets preliminary approval for ammonia fuel-supply system China now gets most of its oil from Russia Hanwha Ocean to build more large ammonia carriers IMO chief condemns Houthi attacks on international shipping German-led consortium orders two new wind service ships Singapore's fleet surpasses 100 million gross tons Dachser hires new head of air and sea in the Nordics Monjasa founder becomes majority owner of biotech company Seatrium secures USD 400m green loan Affinity boss avoids expansion into Dubai due to dark fleet links Søren Skou to advise German logistics company CMA CGM's first green ship will serve West African ports US calls on China to make Iran push for end to Houthi attacks Hapag-Lloyd stresses its loyalty to alliance with Asian container lines Suez Canal's revenue plunges on Red Sea crisis US attacks two Houthi missile sites in the Red Sea Maersk's new alliance creates confusion among forwarder's customers German bank secures large refinancing of shipping loans UK insurers covered one third of Russian oil on tankers in 2023 Container rates could surge further in February Two Maersk ships targeted near the Red Sea Media: Negotiations over HMM have stalled amid disputes PSA braces itself for further turbulence in 2024 Credit agency gives thumbs up to Hapag-Lloyd and Maersk alliance Car carriers must foot the bill to avoid the Red Sea HMM considers options after German exit from alliance next year Chinese players move in to exploit gap left by shipping giants Operators hit back at criticism of working conditions for seafarers Port chair warns of growing right-wing extremism in Germany Train strike could cost German businesses dearly Singapore-based wind energy company buys into UK offshore Pressure mounts on USTC owner after bankruptcy in environmental scandal Container traffic in conflict zone is down almost 60%Maersk's first large methanol-powered container ship now has a name EU carbon quotas could give carriers an edge on the global stage Media: China asks Iran to rein in Houthi militia attacks Hafnia and Mercuria join forces in new tanker pool Alba Tankers increases million-dollar dividend to owners after record year Port of Rotterdam reports fewer ship calls and more spills EU earmarks more than EUR 300 million for green port infrastructure Veteran shipping economist says he doesn't like green fuels German shipping group sells management company to chief executive Crew safe and fire extinguished on missile-hit Trafigura tanker Flexport prepares for another round of layoffs ONE wins approval for its first ammonia ship Opinion: New climate demands will spread far beyond Europe's borders Russia had boom year for dry bulk - but one segment lags behind Cooling freight rates may provide more stability for shippers German shipowner buys stake in football club UK to fund 33 projects aimed at cutting shipping emissions OSM Thome reaches out to competitors for collaborations on green solutions Carriers' improved reliability is still far behind new alliance's goals Hamburg port association chief sees MSC arrival as big opportunity Hapag-Lloyd's operating profit dives EUR 15bln in 2023 DSV chair and coming CEO invested together privately: "Not appropriate in any way" DFDS considers bidding for more ferry services in the English Channel Report: New climate requirements are big boost for the green transition Dry bulk carriers face pressure to take Red Sea route China's Cosco is still courting Germany's largest port Shipping company prefers seafarers from multiple countries: "The more you mix them, the happier the ship is"State funding and a big maritime sector make Norway popular for green projects Wallenius Wilhelmsen signs contracts worth a total of USD 1.2bn Citi's shipping chief says consolidation will happen naturally over time CMA CGM will rely on green fuels from major Gulf state ONE predicts Panama drought will continue "until much later" in 2024 ONE expects massive decline for the full year Investors criticize DSV chairman's private investment with future CEO Shipbrokers lash out at German farmers after port blockade Port of Rotterdam appoints new container director Zeronorth acquires Euronav digital platform MSC calls on US politicians to put an end to Houthi attacks Opinion: Have the new operators overtaken the traditional owners?Major investor insists: DSV should have steered clear of Saudi project Wärtsilä reports strong demand despite geopolitical turmoil Taylor Maritime Investments focuses on debt reduction Second-hand sales continued to plummet in 2023 New rules on imports from EU may cause delays at British ports DSV makes change at the top earlier than anticipated Liner giants scrapped ten times as many ships in 2023 US strikes houthis and blames Iraq group for Jordan drone attack Euronav has embarked on green journey, says Saverys DSV appoints new head of important ocean freight business Swire Shipping changes name of niche carrier Hapag-Lloyd wants quick decision on new fixed link in Hamburg 16,000 cows and sheep have been stuck on ship for a month Analyst: Succession removes uncertainty over who's in charge at DSV Stolt-Nielsen is open to investing – including in competitors Greece to bear main responsibility for handling climate quotas X-Press Feeders and Evergreen form partnership with methanol vessels Seatrium bags refit contract of 17 LNG carriers DSV's partnership with Saudi Arabia could run for several decades ICS and two major flag states want IMO-backed climate fund Report: CMA CGM vessel was intended target for ballistic missiles Purus hires former BW LPG manager to handle operations Opinion: The Red Sea crisis is unlikely to drive up inflation in Europe Odfjell launches succession process among nine potential candidates Container carriers were better at arriving on time in 2023 North Star lands ten-year contract with German energy major Toll Group appoints new global head of ocean freight Egypt’s canal receipts fall by almost half after Red Sea attacks Jens Lund's new DSV executive team has no women: "Unambitious"Port of Rotterdam finds new CEO Swedish firm to help X-Press Feeders in the Nordic region DSV chairman only briefed vice chair on investment with new chief exec Media: CMA CGM follows suit and drops Red Sea sailing Wallenius Wilhelmsen fires employee after harassment against superior German tanker operator orders ten new vessels Norvic Shipping says goodbye to key execs in Singapore and Denmark Arsenio Dominguez wants to make IMO more open after years of criticism Østergaard-Nielsen's bankrupt subsidiary under police investigation CMA CGM confirms halt of ships in the Red Sea Carriers ordered a huge number of new tankers last year Oldendorff to install rotor sails on large bulker Next deadline for DB Schenker's contenders is approaching Alfa Laval notes slower demand in start of the year Australian customs officers find cocaine in four busses on car carrier C.H. Robinson ready to pursue acquisitions in Northern Europe Stolt-Nielsen continues Odfjell stake buildup — now holds more than 10%Samsung Heavy Industries lands billion-dollar gas carrier deal New port bridge and motorway face environmental opposition in Hamburg Houthis claim fresh attacks on two merchant ships in Red Sea Hong Kong wants to attract maritime companies through lower taxes HMM sales negotiations have collapsed LPG shipments through Suez most affected by Houthi attacks Opinion: Worse working conditions on ships are everyone's problem to solve Analyst projects Maersk loss despite Red Sea effect Crude carrier DHT reports its second-best year ever Stolt-Nielsen is prepared to merge with Odfjell: "The answer is yes"Flex LNG predicts tougher market conditions in next two years EU ready for global charge: Wants to expand carbon quotas worldwide APM Capital taps former DSV exec to head logistics company DSV could lose out on talents due to shortage of female execs HMM shrouded by uncertainty following sales talks collapse Gram Car Carriers chief has no worries about the market Maersk presents full-year profit of USD 3.9bn Maersk prepares to spin off Svitzer with separate listing Norden's bottom line plunged in 2023 Clarksons adds offshore medical group to port services unit Maersk's logistics business falls short of expectations Panama Canal to keep current restrictions in place Höegh Autoliners bags new record profit though Red Sea impact looms Costamare's dry bulk gamble begins to pay off Offshore company to monitor construction of North Sea wind farm Wage dispute leaves 54,000 containers stranded in Australia Maersk considers the possibility of buying DB Schenker Clerc says that Red Sea effect is a far cry from pandemic surge Lars-Erik Brenøe joins Monjasa Holding board Norden chief to focus on bulkers from 2025 onwards Port of Hong Kong fears losing business from new alliance Vincent Clerc explains why joining an alliance makes sense after all Stolt Tankers and NYK order six tankers DFDS expects higher revenue in 2024 despite unstable market James Fisher reports high spot rates and utilization for tankers Marine insurers not planning to pull cover for Red Sea transits Hapag-Lloyd will reflag ships to scrap them at EU-approved yards Odfjell anticipates even more work for its tankers in 2024 CMA CGM divests part of Bolloré after pressure from regulator Klaus-Michael Küehne in top 10 of Europe's richest Media: Upcoming EU sanctions take aim at shipping companies Maersk has the money but DB Schenker may be too steep a hill to climb DFDS chief would like to see more activity in freight markets DSV and partner save up to 40% by combining air and sea services Ex-Maersk director to head up DB Schenker in Asia Pacific HSBC says Maersk is far too gloomy about the future Two missiles hit Greek ship off Yemen The lack of pace in the green transition worries Wärtsilä's maritime chief Qatari gas carrier to expand fleet by 25 vessels Four dead in shooting at Greek shipping company SSY adds global co-head to finance division India on track to become next growth driver for tankers Police investigation of bankrupt Thorco also includes possible tax fraud Svitzer expects to grow faster following planned demerger Malaysia's biggest port plans to double its capacity Inchcape Shipping Services wants more partnerships and expansion Houthi militia attacks ship bound for Iran APM Terminals eager for more business with India's Modi – but so is DP World Media: Fired employee was behind shooting at Greek shipping company John Fredriksen to place tanker orders totaling USD 1.9bn Analysts: Maersk underperforms compared to competitors Insurers warn cover at risk if owners fail to follow oil price cap rules MSC steps in to buy closure-threatened Wärtsilä factory Uni-Tankers involved in contentious import of Norwegian oil water Stena Bulk charters four new tankers on five-year contracts Hundreds of tractors block access to Port of Antwerp Norden distances itself from claims against former Thorco Projects Mega-ships flooding into HMM amidst uncertain 2024 More than one-third of container ships now have scrubbers installed Danaos expects strong 2024 aided by bigger bulk exposure DSV settles lawsuit with US customer over breached contract Avance Gas expects lower rates and utilization this year XO Shipping launches new bunker company Wallenius Wilhelmsen lost revenue as Red Sea crisis removes capacity Capsized ship leaks oil on 12 kilometers of beach in Trinidad & Tobago Saverys family makes mandatory bid for all shares in Euronav Scorpio earnings confirm continued tanker upturn Star Bulk drops transit through the Red Sea following attacks UK Chamber of Shipping elects Rae-Smith as new president Bank says DB Schenker purchase could add a billion dollars to DSV earnings Mining accidents could keep strained bulk market afloat CMA CGM receives first vessel in series of ships with new design German media: Buyer interest in DB Schenker is greater than expected Hamburg senate approves MSC's deal with terminal operator Shippers praise UK decision to end liner block exemption Insurers cancel coverage for charterers in the Red Sea Swire Bulk sees risk of container ships poaching bulk cargo again US sanctions network of shipping companies for breaching oil price cap Maersk wants tech executive to join the board Liner majors call for tax on fossil fuels to speed up green transition Ardmore reports increased demand due to Red Sea crisis Cyan Renewables lands long-term contract with Siemens Western Bulk chief exec departs after five years Bulk carriers are now also sailing south of Africa Historic Japanese shipyard shuts down after 125 years Bimco wants clear legal language for new scrapping rules Japanese Orix Corp buys shipowner Santoku's entire fleet Sealead gets new owners, chief exec and board Western Bulk to remotely manage Copenhagen office from Dubai Klaveness Combination Carriers to focus on tanker after "record year"Container bosses open to a future with nuclear-powered ships Opinion: Carriers have little to be pleased about despite surge in demand Cadeler orders new vessel to capitalize on offshore wind growth Singapore's Seatrium gets go-ahead for large offshore project Maersk and Hapag-Lloyd's alliance cuts off direct calls to major ports in Asia Belships expects high earnings in 2024 after strong fourth quarter Gibson Shipbrokers relaunches LNG desk Houthis say cargo ship is in danger of sinking after attack 25 seafarers have now been trapped in Yemen for three months Scrubbers continue to save liner companies billions of dollars Unifeeder signs charter deals for two new methanol vessels Hans Aasnæs on exit from Western Bulk: A different type of leader is needed EU to send warships to Red Sea DSV chief exec also withdraws from controversial investment Dutch heavy lift operator finds partner in the Middle East Port of Singapore strenghtens bunker quality tests Eidesvik builds methanol-ready supply vessel Bunker One appoints new head of alternative fuels Blue Water has ditched ethical concerns and again uses rail through Russia Eimskip operating profit almost halved after record year Insurers find ways to reinstate charterer war risk cover for Red Sea Expert group proposes to withdraw tax break for Danish shipping CMB.Tech to build world's first ammonia-powered container ship 2023 was a gut-punch for Hamburg's top terminal operator DFDS and Torm threaten to outflag ships if seafarer tax is scrapped Royal Arctic Line finds new chief exec after six-month search Port of Rotterdam plans to invest after weak 2023 Port of Rotterdam to make investments after weak 2023 Retailers prepare for protracted crisis in the Red Sea ZeroNorth and Alpha Ori complete merger NGO warns that shipping industry is over-reliant on green fuels Cadeler lands Ørsted contract for Polish offshore wind farm DSV finds new head of German air and ocean freight within own ranks Port of Hamburg chief says Russia's war has created new trade patterns Skuld and Gard book growth in coverage renewals Wave of newbuilds helps container lines handle Red Sea disruptions German and Norwegian shipowners view seafarer tax as vital for competition Toll Group expects unpredictable prices, schedules and reliability Lasse Kristoffersen sees only one path to a greener future for shipping Energy companies form alliance to supply major ports with biofuel Eastern Pacific Shipping to install sails on one of its tankers UK marine insurers report strong renewals Genco Shipping's final quarter became the year's strongest Dockworkers in new protest against MSC's entry into Hamburg Viking Supply Ships hit by bad weather and overcapacity Northern Offshore strengthens UK presence Biden wants to invest billions to replace Chinese cranes in US ports New commercial chief wants Sonan Bunkers to double in size Media: Opposition to Middle Eastern takeover of DB Schenker is on the wane ICS sets out principles to combat harassment and bullying in shipping Hong Kong's Fleet Management kicks off succession plan German shipping group will use new software to monitor ship operations UK sanctions tanker operator with offices in downtown Oslo Asian shipowners could face massive cost for European carbon quotas Oil edges lower as investors weigh tight market and soft demand Turmoil in shipping markets has changed the outlook for Swire Bulk German logistics group makes leadership change Wallenius Wilhelmsen drops additional fees for sailing south of Africa Hanwha turns a profit and bags largest order in 16 years Walmart sells intermodal container fleet to logistics company Bulk player Cetus merges with South American competitor CMA CGM earned less money in a difficult year for liner companies Marine insurers report positive outcomes in renewal rounds Torm-owned tanker fired on by Houthis in Gulf of Aden EU to investigate French state aid to CMA CGM subsidiary US blacklists Russia's state-owned tanker carrier Sovcomflot CMA CGM receives EU approval for Bolloré Logistics acquisition Fractal Marine wants to challenge UK sanctions Singapore's Seatrium pays USD 134m to close corruption case German strikes continue to cause transportation chaos this week Svitzer is finally free of Russia after offloading ships to Chinese buyer Xeneta hires product chief with experience from Amazon and MSC Ceva Logistics in bidding war for British freight forwarder Euronav orders two ammonia-ready bitumen carriers Regional Container Lines to deploy larger vessels South Korea's major HD KSOE shipyard bags huge order Ocean Alliance extends collaboration by five years Svitzer is ready to snap up competitors after demerger from Maersk Bunker Holding profile elected to IBIA board Saudi Arabia launches carrier headed by former Hamburg Süd boss UK Chamber elects ex-naval officer as new chief executive MPC Container Ships expects major profit drop in 2024 Wallenius Wilhelmsen orders four additional methanol newbuilds Maersk appoints new head of air cargo Greece sends warship to the Red Sea IMO to impose stricter cleanup requirements after container loss Three liner companies look set to lose out in the great game of alliances Investor attempts to block CMB takeover of Euronav More than half of Yangzijiang Shipbuilding's orders are dual-fuel Lauritzen Bulkers appoints new management in Singapore Exposure to the spot market brings Golden Ocean's profits back up Attempted Houthi attack prompts first German frigate response Vopak earmarks space for biofuel in Singapore Intermarine joins heavy lift alliance Søren Meyer supports climate tax and wants politicians to act now Port of Hamburg saw lower freight volumes in 2023 Golden Ocean boss optimistic for 2024 after "strong" start Port of Antwerp loses major lawsuit to DP World IMO ramps up efforts to stop harassment and bullying in shipping Pension funds prepare to settle large claim in OW Bunker case Former OW Bunker exec refuses to settle: "I want the case to go to court"Hafnia under investigation in Russian sanctions case Nippon Express eyes mergers and acquisitions CMA CGM resumes operations in the Red Sea Höegh LNG presents significant profit for 2023 Eastern Pacific orders six new dual-fuel vessels DHT Holdings orders four new large supertankers Angeliki Frangou sounds alarm on risk of Strait of Hormuz shutdown Shipping group offers safe Red Sea passage in letter to customers Blue Water provided wrong information about freight through Russia Media: DSV has hired banks to prepare bid for DB Schenker Frontline critical of peers willing to sail through the Red Sea Norden buys more capesizes as part of new bulker bet Biden administration to invest USD 3bn in greener ports Maersk hires new head of north Europe from DB Schenker Hafnia has received only sparse information about sanctions inquiry Pacific Basin chief weighs financial viability of green bulkers CMA CGM's return to Red Sea could win business from competitors CMA CGM completes Bolloré Logistics acquisition BW LPG dramatically increases its bottom line in the fourth quarter Americans top Ceva with big offer for UK logistics company Sea freight takes big hit at Kuehne+Nagel Maersk faces fresh criticism for turning freight forwarders into competitors UK to assess whether Russian sanctions are working Rotterdam terminal equips entire quay with shore power Ultrabulk's profit shows that the pandemic boom is over for dry bulk German upstart leaps ahead of container majors on fleet growth Hayfin's Povlsen says it's an interesting time to be an investor in shipping US sanctions are moving closer to disrupting Russia’s crude exports MAN Energy Solutions opens large service hub in Singapore PSA International appoints new chief executive Eagle Bulk presents weakened results ahead of merger with Star Bulk Port operator ICTSI confident it can defy geopolitical challenges GXO outmaneuvers Ceva in bidding war for Wincanton Cadeler ready for more acquisitions after major merger Ultrabulk notes growing interest in green freight among customers Western Bulk appoints interim chief executive Shipbroker warns of boom in VLCC newbuilds Red Sea detours make ships more late on key trades than during Covid Edda Wind sticks with optimism despite tough quarter Clarksons eyes further M&A after record profit Bernstein sees Kuehne+Nagel look beyond DB Schenker Hamburg businesses want more investments in the city's port Gunvor settles bribery case for USD 661m Shipyard HD KSOE bagged more than half of annual order target MSC ship hit by missile in Houthi attack in Gulf of Aden Hafnia presents record result for the second year in a row Investors sought answers from Hafnia after disputed oil shipments Stormgeo wants to simplify the bunker purchase process through digitalization Avance Gas bags more than USD 100m on vessel sales CMA CGM climbs to the top as most reliable carrier in January Robert Yildirim kept CMA CGM afloat: "People said I was crazy"Nike hires CMA CGM for greener shipping Missile-hit MSC ship is on its way to Djibouti Hafnia fires back at criticism of oil shipments from refinery in India Höegh Autoliners gets state funding for ammonia fuel tech Lidl enters logistics after venture in container shipping J. Lauritzen appoints new investment director DHL Global Forwarding expects Asia market to rebound Global Ship Lease chief to retire after drop in fourth-quarter profit Lauritzen Bulkers sees profits dip: "We misread the market"DHL Group delivers improved result but operations continue to decline DHL pulls out of race for DB Schenker One carrier accounts for half of Asia-Europe container fleet growth Berge Bulk orders two newbuilds to sail on ammonia Ceva quits efforts to buy Wincanton Volkswagen sued after shipwreck caused by electric Porsche Maersk Tankers has laid off 14 managers Norwegian shipowners publish emission figures for the first time Mikael Skov believes product tanker boom will continue despite more ship orders DB Schenker could slip out of German hands after DHL exit Kerry Logistics acquires majority stake in French freight forwarder Houthi strike on ship kills at least three seafarers Ship inspector Idwal aims for further growth with new unit German logistics firm hires manager with Zeamarine background Lauritzen Bulkers is in talks to acquire operator Torm bags record profit for the second straight year Russia's shadow fleet is changing flags following sanctions Key employees leave Norden's panamax business at the same time Jens Grønning takes the helm of tanker carrier Navquim MPC Capital reports growth driven by green projects Cadeler secures access to additional EUR 30m from major bank Shipping bodies call for right to safe passage in Red Sea after deadly attack Jacob Meldgaard believes in strong market for tankers until 2030 DB Schenker price could go up after strong 2023 Deadly ship attack means Red Sea voyages need re-think, union says European shipowners have wish list ready ahead of EU election campaign Net wage scheme seen as crucial to preserve Norway's maritime cluster Labor union announces strike at ports in Finland Alexander Saverys reflects on merger drama: "I felt very guilty"HD Hyundai launches new nuclear initiative Henriette H. Thygesen set to join Vestas board Opinion: Contracts are being negotiated against a backdrop of uncertainty Denmark preparing ban on wastewater discharge from scrubbers Blue Water Shipping sets up new project unit in Bremen Port of Singapore expands its Jurong Island Terminal Navigare Capital raises USD 350m for a third shipping fund Finnlines more than halves bottom line after year with "multiple issues"Avance Gas CEO: "The economics are telling you to sell" US ship sets course for Gaza to build port facility Torm stays away from disputed refinery with ties to Russia Current Africa-detour matches demand with container capacity Hafnia ship collides with oil terminal in India Yang Ming books large deficit for final months of the year Höegh Autoliners sells vessel to Wallenius Lines EU to protect seafarers and hold carriers accountable for pollution Kuehne+Nagel appoints new managing director in Poland Danish ban on washwater from scrubbers could come into force next year Demand for green methanol vastly exceeds available suppy Houthi movement to step up attacks in the Red Sea during Ramadan Hafnia reports no injuries in accident in India Oil edges higher before OPEC monthly report and inflation data New German strikes could cause chaos for ports and freight German shipowners want EU to act on crises that threaten shipping Maersk has hired advisors for possible DB Schenker bid New bulk venture Erasmus bets big on panamax ONE opens new regional headquarters in Dubai UK ports see volumes drop to multi-year low German logistics network gets new chief from Geodis Think tanks say refinery behind Hafnia oil transport should be sanctioned Pirates take 23 seafarers hostage on hijacked ship in the Indian Ocean Maersk chief exec sees potential risk in higher DB Schenker price Hyundai yard lands tanker order for half a billion dollars Bunker Holding declined last year but is still the largest in the world Hapag-Lloyd scraps at EU-cleared yards to "fully comply with legislation"Cargill looks to roll out sails on cargo ships to burn less fuel Spot rate increases significantly outpace higher costs for carriers South Korean government shelves sale of HMM Steelworkers want the US to probe Chinese shipbuilding sector Shipping chiefs doubt Red Sea crisis will be resolved anytime soon Ammonia demand in Singapore seen to stay low another decade US Navy says rape case should be filed as work-related dispute South of Africa detour makes carriers' ETS costs soar UK insurer teams up with AI provider in safety drive Hapag-Lloyd expects "volatile and challenging" year for container HHLA's chief exec has Hamburg's highest salary Zim dives into the red on weaker rates Another sanctioned Russian tanker docks in China DP World to significantly expand freight forwarding activities Dof views combating bullying and harassment as a long-term effort C.H. Robinson sees shift in customers' efforts to safeguard supply chains Oil advances as IEA predicts supply deficit for rest of 2024 Maersk takes union to court as dockworkers negotiate new deal Habben Jansen sticks to ports but gets Maersk's interest in DB Schenker Pension funds want more transparency in DSV's Saudi desert project Navigator reports gains on higher gas rates UK-owned shipping fleet bounces back after Brexit slump DP World predicts difficult market after 2023's "wide range of challenges"South African ports fail to gain from diverted Red Sea traffic Odfjell chief Harald Fotland is new president of the Norwegian shipowners Port of Singapore conducts first ammonia bunkering Maersk chairman concerned about the future after several conflicts Wallenius Wilhelmsen steps up its climate targets Delegates doubt next week's MEPC meeting will bring concrete results Ocean Alliance presents its new network of 321 ships Braemar's CEO to lead tankers desk after global head leaves Hapag-Lloyd: Higher speeds south of Africa are unsustainable APM Terminals signs major crane order for automation in Rotterdam D'Amico joins product tanker boom with record profit Vietnam's Cai Mep port says decarbonization is not an option now CMB wins battle over asset manager in Euronav acquisition dispute DFDS orders an additional 100 electric trucks German bank appoints new head of its shipping business Shipping industry starts fresh negotiations on the road to climate goals Major shareholder doubles its stake in MPC Container Ships Yang Ming ship knocks over several cranes after collision in Turkish port CMA CGM acquires TV channel in long-term media investment Analyst: Refinery at the center of Hafnia case has remarkably close ties to Russia Thornico beats tax claim in resounding win for Stadil family Ernst Russ expects decline after downturn for container shipping Sovcomflot admits difficulties as Russian oil squeeze tightens Singapore's IMC Ventures presents new maritime investments Saverys family now owns 88% of Euronav Training seafarers to use green fuels could cost shipping a billion dollars Maersk signs deal with Erria for locks to four million containers Two partners step down at Navision Thor Stadil sees second straight win as another step towards full acquittal Oil holds gain with Russian refining and OPEC+ curbs to the fore Container carriers' earnings are down to pre-pandemic levels Port of Los Angeles handles significantly more containers EU comes under fire for approving popular scrap yards in Turkey Affinity buys London-based Vortex Shipbroking CMA CGM's port chief to lead French shipping association BW Group sells out of its shares in Hafnia APM Terminals enters Vietnamese port partnership Pirate and Houthi attacks halve sea freight through the Suez Canal Oil steadies as focus shifts to US stockpiles and Fed’s decision Evergreen 's bottom line plunged 90 percent Shadow-fleet oil tanker damaged in collision near Denmark Maersk Tankers chief exec describes job as "an offer I couldn't refuse"Tanker with unknown owner moored in Denmark after collission Seven dead after tanker sank off the coast of Japan 10,000 disgruntled DB Schenker employees in appeal to management DHL ocean boss ready to conquer market shares in sea freight Braemar expects strong full-year performance Norway's alliance with China aims to secure climate unity despite criticism Dee4 brings high profile investors on board for new shipping fund Euronav sells off older supertankers Tufton Oceanic says fleet renewal is a priority Collision involving tanker with murky ownership reignites fears of oil spill Carriers burn an extra 100,000 oil barrels on the Red Sea crisis Stena Bulk to share ownership of tankers with new partner Maersk Tankers bags major profit from soaring rates and ship sales Germany launches new development strategy for its ports DB Schenker reduced operating result in 2023 J. Lauritzen injects fresh capital in new funds after "satisfactory" 2023 Finance chief reports strong interest in acquiring DB Schenker OOCL expects "uncertain" 2024 with several challenges CMA CGM joins forces with new carrier in Saudi Arabia Houthis tell China and Russia that their ships won't be targeted Indian refinery rejects Russian oil carried by Sovcomflot ships U-Ming Singapore and Itochu to operate ammonia bulk carriers ONE could announce plans for alliance future in a few weeks Maersk unveils further details about Svitzer's listing IMO approves ECA zones in Canadian and Norwegian waters Construction of Germany's first onshore LNG terminal set to begin Authorities monitoring shadow fleet after close call in Danish waters Robert Mærsk Uggla highlights big changes in global trade PSA International to continue expansion despite reduced profit Norden loses supramax head to competing operator IMO's deal on climate framework seen as encouraging – but crucial months ahead DNV grows further and sets new revenue record Oil snaps three-day drop as Russia attacks add to global tension Norwegian Shipowners' Association appoints new chief exec ONE aims for container industry elite with new and ambitious plan Weco Shipping sees no need for acquisitions: "Nobody has our DNA"Aid organization wants protection for merchant vessels in the Red Sea Cyan Rebewables to take over competitor MMA ICS says a third of IMO member states support its climate levy proposal Blue Water Shipping's profit grows despite revenue setback Borealis Maritime founder warns of labor shortage in shipyards Yara and Azane get safety approval for ammonia bunkering terminal South Korea's Hanwha wins order for eight LNG carriers All Indian refineries now reject Russia's Sovcomflot Bridge collapses in the US after being struck by a container ship Cadeler expects strong growth in 2024 Singapore's IMC scouting for more shipyards Media: Maersk charters ship that hit collapsed bridge Maersk confirms charter of ship in bridge collapse: "We are horrified"UK law firm expands maritime disputes service with new hires Italian tanker carrier beats major rivals on profit growth again Dubai firm loses bid to escape sanctions on ‘shadow fleet’Maersk denies reports of Houthi attack on ship Stena Bulk sells two gas carriers to further streamline its fleet Professor: Shipowner could end up facing claims for bridge accident Six presumed dead after bridge collapse in Baltimore Media: Maersk and DSV have submitted bids for DB Schenker Carriers accused of exploiting Red Sea attacks to raise prices ShippingWatch closed for Easter 15 ports will play a key role in Maersk and Hapag-Lloyd's new network Oil declines as industry report shows bumper US stockpile build Shipping stocks fall to pre-Red Sea conflict levels Cadeler bags contract worth up to USD 150m British heavy lift specialist expands Bremen office Chief departs shipowners' association with firm belief in a green future New consortium in London to provide extra shipbuilding risk cover Car industry particularly hit after bridge accident: "The port is a hub"Media: Contaminated fuel could play a role in Baltimore bridge collapse Fredriksen considers moving shipping activities to Cyprus Smaller vessels get temporary passage into Baltimore port Shipowner in bridge collapse seeks to limit its liability Weco Bulk has had several customer showdowns after Red Sea crisis Lloyd's swings to best profit in years Maersk says few customers willing to pay for green freight Car carrier UECC bets on fuel made from cashew shells WFW aims to double maritime disputes team on increased demand Jens Bjørn Andersen tapped as chairman of retail chain Port of Hong Kong loses ground to Chinese ports Ceva's head of air freight departs for US logistics company Shipowner seeks to limit bill after Baltimore bridge collapse Freight forwarders grapple with uncertainty following alliance shake-up Saudi container carrier recruits new COO from Hapag-Lloyd Bunker One accuses rival of unfair competition with Russian oil China has the best port connectivity Netcompany enters shipping with P&O Ferries collaboration Major US ports are pushing capacity limits, shipping veteran says Baltimore opens another new channel for smaller ships MSC has expanded its reefer fleet big-time in the past year Oil holds gain with focus on US stockpiles and OPEC+ meeting APM Terminals invests heavily in new electric port in Croatia Wallenius Wilhelmsen reveals financial impact of bridge collapse Hafnia to debut on the New York Stock Exchange next week Strained container market drags Cosco down in 2023 Clarksons hires specialist for offshore broking team in Oslo CMA CGM invests in electric vans with Renault and Volvo South Korea regains top spot as biggest shipyard nation ZeroNorth to promote maritime sustainability from new office in Japan Study: Ammonia as fuel can harm seafarers and the environment CMA CGM to retrofit up to 100 vessels at Damen Genco CEO sees small shipping impact from Baltimore bridge crash Opinion: Even progressive carriers could struggle to reach climate goals Euronav tripled its profits amid 2023 merger drama US praises Indian refiners' rejection of Russian oil carriers Fast Bunkering rejects all accusations of unfair competition Howe Robinson expands offshore team with hire in Aberdeen Japan's MOL uses sustainable loan to finance supertanker US expects to have Port of Baltimore open again by May Weco Tankers chief doubts market boom can last forever US set to release preliminary results of Baltimore Bridge investigation Maersk to resume sailing through the Panama Canal Maersk is partly financing lawsuits against Thornico Trafigura says two top executives to leave in major shake-up Ship recycling hits lowest level in 20 years NorthStandard's co-chiefs describe new setup as "a merger of equals" US cracks down on company and 13 tankers for violating Iran sanctions Police make large cocaine bust on cargo ship in Brazil X-Press Feeders signs green fuels deal with six European ports Maersk ship refuels methanol in Europe for the first time Merger between Eagle Bulk and Star Bulk is now final Houthis resume Red Sea missile attacks Maersk and DSV preparing for fresh DB Schenker bidding round EU urged to crack down on shadow fleet after tanker collision Kuehne+Nagel streamlines its organization worldwide Saudis scale back ambition for USD 1.5 trillion project Neom CEO Niels Josefsen to leave Lauritzen Bulkers Former Monjasa oil trader starts new bunker company Cleanup workers remove large section of collapsed bridge in Baltimore Leak casts doubt on DSV's high stakes deal in Saudi Arabia Forwarders criticize new proposal in debate over Hamburg bridge UK offers funding for research into green shipping corridors UK's PD ports seeks new tenants at Tees after shipyard closure ONE highlights Asian market amidst global uncertainty Shareholder takes CMB to court for the third time Höegh Autoliners bags close to a billion dollars in fresh financing DSV investors react to downscaling of Saudi desert city Norden reshuffles leadership team as COO departs Electric cars are piling up in European ports BW LPG to list on New York Stock Exchange Monjasa sold more marine fuel in 2023 but earnings fell Josefsen on retirement from Lauritzen: "The only plan is that I have no plan"DFDS completes major acquisition and raises guidance Maersk Tankers exercises option for four ammonia vessels Wallenius Wilhelmsen bags billion-dollar deal German broker announces CEO transition PetroChina to build up its LNG fleet and expand global trade Number of piracy incidents soared in the start of the year Norden chief sees recent string of resignations by key staff as natural DFDS anticipates significant growth in new market after acquisition Stolt-Nielsen reports strong conditions for chemical tanker Director and co-owner leaves Union Bulk Hapag-Lloyd head of IT departs Dachser acquires food transporter Brummer Logistics MSC could face USD 63m fine in the US China needs more car carriers to keep up with electric car export boom New approach could block shadow tankers carrying Russian oil Denmark bans discharge of water from scrubbers Maersk denies reports of missile attack on ship in Gulf of Aden MAN Energy Solutions criticized for withholding data on green fuels UK and Japan work together to accelerate autonomous shipping Søren Toft is optimistic: "We continue to grow strongly"German shipowners warn of growth in pirate attacks on ships Chief executive leaves Baltnav as new partner joins from Norden Hafnia boss calls New York listing an important milestone Investigation into Baltimore accident is focusing on vessel's power system Monjasa has no plans to be a frontrunner in consolidation of bunker market Svitzer appoints new commercial director for Europe Top execs elected to ensure stable work conditions for Norwegian shipping Best Logistics finds new CEO Borealis boss looks to niche segments in unpredictable time Tanker was insured by Russian provider at the time of high-risk collision Flexport demands USD 12.3m from former client Opinion: The climate is paying a high price for detours south of Africa DSV loses long-time head of investor relations Concirrus aims to build predictive AI tool for cargo insurers France purchases more Russian gas despite tough stance MSC vows to fight ‘excessive’ fine sought by US agency OOCL revenue decreased 9% during first quarter Iranian forces seize MSC vessel near Strait of Hormuz Strait of Hormuz risks becoming a new hotspot in escalating conflict German logistics network appoints new CEO Navigare looking for US and Asian investors for third shipping fund APM Terminals has sights set on investments in Indonesia Singapore retains title as world's leading shipping city German export hub to invest in new infrastructure Claus V. Hemmingsen becomes chairman of consulting group Tanker companies holding their breath after Iran's attack on Israel Shippers in Baltimore disaster face general average Liner companies cancel significantly fewer sailings Zeronorth hires new COO from Flexport Higher water levels to allow more vessels to use Panama Canal Port of Singapore to train sailors in green ship safety Maersk concerned about Iran's seizure of container ship Risk of Persian Gulf closure could send even more ships around Africa HMM wants to grow fleet significantly following collapse of sale XO Shipping opens new office in Hong Kong Is the green transition on the right path? Maersk says yes. Marco Fiori disagrees.DHL sues customer over pandemic freight rates Baltimore hires lawyers to pursue legal liability for bridge accident Euronav sells Greek division to Anglo-Eastern Rio Tinto wants to share the bill for green fuels with shipping stakeholders Carriers grapple with variations in sanction controls across Europe Hapag-Lloyd and Seaspan convert five ships to green methanol Hapag-Lloyd presents revised strategy with focus on shipping and ports Maersk drops sale of container factories in Denmark and China US to sanction Iranian drone program after attack on Israel DP World bets on Asia to complete its global end-to-end strategy Marine insurers say London will always be relevant Chinese ports continue to dominate container market Sovcomflot CEO: "Sanctions are limiting our prospects"PIL made a profit in 2023 and expects a plus again this year MSC in negotiations over release of crew on seized ship Trafigura and Fredriksen's bunker company acquires Spanish competitor Container lobby elect new president Norwegian authority: Clarksons has spread insider information Baltimore victim "survived because his window was manual"Media: Russia pushes for new trade routes to avoid sanctions ONE to offer greener container freight with biofuel Maersk says alternative channels in Baltimore are not deep enough Singapore has received 50 proposals to increase the supply of green methanol Danish PM exploring options to stop shadow fleet following accident Pacific Basin reports left over capacity for the rest of the year US reimposes sanctions on Venezuela's oil and gas sector DSV may need DB Schenker acquisition to reassure investors Legal hurdle criticized for slowing biofuel uptake at crucial stage Israel's attack on Iran triggers significant oil price spike All unannounced inspections at scrap yards in Turkey have led to remarks DB Schenker appoints new head for UK and Ireland DFDS appoints new CFO Bernhard Schulte opens academy to alleviate shortage of officers Fredriksen's share buys in competitor has been a good investment Stena Bulk sells its last LNG ship to an unknown buyer Rindbo has abandoned top down management: "My role is not to be the smartest person"SSY is on the hunt for more: "We have a plan. We follow our plan"Shipping industry asks UN for help after seizing of MSC Aries Private equity funds negotiate loans with banks for DB Schenker bid Baltimore opens alternative channel for "commercially important ships"EU urged to create centralized sanctions unit Ships are carrying more empty containers amid lower US demand Jet fuel demand is slowly approaching pre-pandemic levels UK to provide funding for AI to make shipping smarter China maintains first place as a major importer of Russian oil Ambassador accused of encouraging carriers to break the law Malaysian MISC orders world's first ammonia aframax tankers Miner BHP targets first ammonia-powered bulker in 2026 APM Holding looking for external investors for its methanol venture Peter Döhle expects green fuel to be twice as expensive as first anticipated Maersk to transport turbine parts for Vestas factory in South Korea BW LPG gets green light for New York listing Kuehne+Nagel loses almost 40% on operations in first quarter Analyst: Scattered shadow fleet makes sanctions harder to enforce Scan Global criticized for Russian rail freight: "It sounds completely insane"Red Sea crisis puts mounting pressure on West European ports Oil market sees Iran sanctions having muted impact on exports Baltimore claims shipowner is responsible for bridge collapse Laeisz chief exec on lucrative Red Sea crisis: "I refuse to feel happy"Partner leaves Baltnav's Singapore office CMA CGM appoints new country manager for Italy Former chief exec at Danske Bank is set to join shipping group Kuehne+Nagel chief eyes market improvements later in the year Scan Global stands firm despite criticism of train freight through Russia DSV declined in the first quarter but maintains guidance MSC submits takeover bid for car carrier Danaos secures financing for newbuild container vessels Oil holds gain with stockpile data and Iran sanctions in focus Total Energies invests in the Middle East's first LNG bunkering facility D'Amico appoints new chief exec after record year Saudi Arabian port calls more than halved Hamburg's HHLA takes control of Austrian logistics company BW LPG chief: US listing does not mean Oslo exit Gianluigi Aponte personally contacted car carrier ahead of bid DSV boss sees signs of recovering global economy after tough year Maersk is ready to resume Baltimore sailings with barges Top shareholder praises MSC: "This has been a great experience"Purus unveils details about its business plan for the first time DSV criticizes peers' use of Russian railways: "A matter of principle"Norden loses money on operator business after misreading bulk market Svitzer grows on new contracts ahead of listing Höegh Autoliners sees no threat from container lines after MSC's bid on Gram Forwarders lament lack of clarity around UK border checks of food MPC Container Ships will have two chief execs going forward Maersk ship reportedly targeted by Houthi attack again M.H. Simonsen orders eight methanol carriers in China Authorities raid enginemaker on suspected data fraud Norden was caught out by early recovery in dry bulk Tax authorities file a bankruptcy petition against Cleaves Securities CMA CGM launches EUR 200m climate fund Industry expects soaring demand for LNG Danish military investigates partnership with Scan Global after criticism J. Lauritzen finds Svitzer stock appealing ahead of Copenhagen listing Russia will now be able to insure tankers via India Baltimore's trapped ships start leaving as new channel opens DHL to pay large compensation in discrimination case Taylor Maritime targets ship sales in firming dry bulk market Opinion: Carriers should make contingency plans for Middle East unrest Grieg Maritime sees profit dive as freight rates normalize Weak freight market causes pessimism among Hamburg forwarders Cleaves Securities dismisses risk of imminent bankruptcy Kerry Logistics Network bags lowest profit in five years Executive Ship Management founder content with fleet size Another profile leaves Norden for dry bulk competitor Maersk plans to build new ports in Nigeria for USD 600m Houthi rebels hit oil tanker with missiles Iran says the crew of seized MSC ship is to be released Sovcomflot unloads Russian oil in India again Hapag-Lloyd risks dropping out of liner super league Maersk is further away from meeting ambitious promise to its customers DSV and retail chain are heading to court in long-running freight dispute IMO looks to tackle fraudulent ship registries DP World further expands its presence in South East Asia Red Sea crisis makes shippers agree to pricy contracts with carriers Media: Port company objects to MSC's entry into Hamburg port CMA CGM hires former Maersk exec for CEO position in Asia Sanction cases could pick up in the coming year as rules are tightened Japanese ONE's profit plunges by USD 14bn Baltimore's main channel closes while collided ship is removed Grimaldi buys stake in Norwegian car carrier after Maersk exit Oil holds drop as Mideast cease-fire talks erode risk premium Flex LNG appoints new chairman PSA denies objecting to MSC acquisition in Hamburg Svitzer valued at USD 1bn after stock market debut Marine insurer says oil price cap sends tankers to dark fleet Unifeeder opens new routes and office in Panama DHL Supply Chain changes global management team DFDS concerned that new UK border checks will create trade barriers Cosco's container volumes increase by 11 percent IMF upgrades 2024 economic forecast for Asia and Pacific Seafarer job satisfaction increased in first quarter Svitzer chairman says the towage major is ready for acquisitions after listing Russia’s Sovcomflot is renaming oil tankers hit by US sanctions IMO analyzing 20 scenarios of how a levy will impact shipping DSV hit by claim for helicopter after highway overpass crash Wallenius Wilhelmsen chief exec warns against new wave of car carriers Opinion: Derivatives are a double-edged sword for many shipping companies Robert Yildirim invests USD 75m in new ships BLG Logistics reports growth but warns of more turbulence ahead Demand for heavy fuel has surpassed low-sulphur oil in Rotterdam Niche carriers giving larger competitors run for their money on earnings Sales of dry containers increase 500% at CIMC Maersk raises expectations and reports profit US imposes new sanctions on Russian shipping and energy companies C.H. Robinson hit by overcapacity in freight markets John Fredriksen becomes top investor in Edda Wind Analyst sees clear effect from Red Sea turmoil in Maersk's guidance Container lines drop calls in India due to time constraints Maersk is still in the running for DB Schenker: "It's a big deal"Trafigura orders four ammonia carriers Crack in Yildirim-linked tanker causes large oil spill Maersk expects no financial liability from Baltimore bridge collapse Insurance company to pay USD 350m for bridge collapse in Baltimore India top refiner resumes trade on Russian Sovcomflot ships Iran releases crew of seized MSC ship Oil set for biggest weekly drop since February as war risk fades Maersk's lack of newbuilds creates fresh round of delays for customers Höegh LNG sends FSRU to Egypt to support energy security Tidewater more than doubles its bottom line in quiet quarter Opinion: Dark clouds are gathering on the horizon for the big container lines BW LPG wants to relocate to Singapore Old rail route revived to alleviate Red Sea supply chain issues J. Lauritzen has bought shares in the newly listed Svitzer Driver shortage is a serious challenge for European logistics UK insurers reveal exposure to Baltimore bridge crash Evergreen has ordered six newbuilds APM Terminals confirms interest in big investment in Nigeria Owner believes Lauritzen Bulkers will find its new chiex exec before summer Russia warns Denmark about measures against shadow fleet System failure allegedly causes delays at UK border under new rules Collapsed bridge is now being removed from Baltimore ship Oil advances after weekly slump as Saudi Arabia jacks up prices Climate quotas could create new market for green ships in Europe Maersk deploys 125,000 extra containers and heralds crisis surcharge Biden's fight against China could help shipbuilders in South Korea and Japan Andreas Sohmen-Pao to split up BW Group's oil and shipping business Glencore group nears deal for Shell’s Singapore oil refinery DHL describes 2024 as a growth year despite challenges Swiss oil trader accused of supplying contaminated fuel MB Shipbrokers gets majority of employees as new shareholders Demand for oil is outpacing fleet growth as tanker upturn continues MSC fights back against "astonishing" US fine Klaveness Combination Carriers' tanker focus seems to pay off EU said to be preparing new sanctions on Russian ships and gas Oil rises with Mideast tension to the fore as truce talks falter Opinion: Culture is crucial for proper safety on ships London P&I appoints new chief executive DHL keeps close tabs on changes sweeping over major rivals Second-hand ship prices are among the highest in two decades Ikea hires Hapag-Lloyd for green freight on key trade Maersk questions rival’s solvency in battle over South African port Intermarine launches dry cargo company and buys two new vessels Euronav expects strong tanker market for years to come Container lines and their customers report severe delays in key ports Torm reports continued tanker boom on Russia's war and market turmoil DSV appoints new head of North America Air & Sea division Odfjell bags record profit on detour south of Africa Hempel gets foreign private equity fund as co-owner Maersk confirms dispute about port deal in South Africa Wallenius Wilhelmsen puts a sum on the cost of Red Sea detours Torm chief on the risk of Hormuz closure: "It would trigger a recession"Stainless Tankers appoints backer boss as chief executive ShippingWatch closed on May 9th DFDS boss looks to future growth following closing of major deals Ardmore earned less in early 2024 P&O Ferries chief exec bags large bonus after mass layoffs Clarksons has had "positive start to the year"FBI to investigate whether old maritime law was violated in Baltimore Oil extends two-day climb on renewed optimism for US rate cuts Shipping companies still bet on green ammonia despite critical study Maersk is only paperwork away from being completely free of Russia D'Amico's earnings rise on geopolitical upheavals EU awards large sum to green hydrogen fuel plant ICS head Guy Platten to step down next year Scorpio lands biggest profit in five quarters and pays off debt Tech company squeezes insurance companies' war premiums Software firm: Less than half of carriers are ready for carbon quotas Teekay Tankers expects strong market to continue Report: Green transition will create millions of jobs in shipping Marco Polo Marine to expand more into renewable energy Monjasa calls for more honesty about shipping's green transition Ships in the Red Sea and Gulf of Aden have been attacked 132 times Historic business has turned into a serious headache for DHL O.K. Lim convicted in long-running case of oil trading firm collapse Eastern Pacific Shipping on Red Sea crisis: "It is manageable"Cadeler lands major deal to install Polish offshore wind in Baltic Sea Norden loses yet another high-profile exec Yang Ming delivers positive result in first quarter Nippon Express loses big on lower demand Genco fights off attempted coup of board by Greek investor Siem Offshore completes name change Shortage of ships has led to an increase in blank sailings Wallenius Wilhelmsen expects consolidation after influx of new players DFDS reveals large-scale investment in battery-powered ferries Explosions used to clear Baltimore bridge remains from channel Marine Capital exits dry bulk fund as new project on the horizon Torm worried about growing Russian shadow fleet HMM expects boost from surge in demand Søren Skou on life after Maersk: "It has gone surprisingly well"Private investors agree to settle almost 10 years after OW Bunker collapse OOCL gaining optimism as rates soar: "My feeling is that it's getting better"Anxious shippers send rates soaring months before peak season Hapag-Lloyd raises its forecast for the full year Hafnia continues product tanker boom with largest profit in four quarters Fredriksen's SFL Corporation benefits from Maersk deals Media: Greek shipping billionaires are earning more than ever APM Holdings' energy firm buys stake in US methanol company Genco criticizes Economou's board candidate for lack of experience Avance Gas delivers "blockbusting quarter" US dockworkers set to start master contract talks Mikael Skov expects that historically strong tanker market will forge ahead Red Sea crisis hurts terminal operator HHLA's bottom line The Baltimore bridge collision minute by minute: Human error, failing power and bad luck Rolf Habben Jansen is surprised by sudden upturn in freight rates DP World invests EUR 130m in Romania UK bans ocean transport of livestock Biden's tariffs against China could open backdoors into the US Chinese gas major expects record year for LNG imports Bunker barge collides with Texas bridge and leaks oil Navigator Gas continues to grow and invests big-time in terminals PIL expects to replace half its fleet in the coming decade Navigare adds former Maersk exec to its board Ambitious coal deal expected to have little effect on bulk carriers Insurance major: Shadow fleet tankers involved in over 50 accidents Hapag-Lloyd boss downplays importance of staying in liner top five 110 employees at Maersk terminal in walkout Vincent Clerc does not see Hamburg as Germany's gateway to the world 100 days into the job, DSV's new boss faces his biggest task yet Skuld achieved its biggest profit to date in 2023 Houthis say they will attack all ships bound for Israel Oil set to eke out weekly gain as supply and inflation set tone Greek shipowner calls off showdown with Genco board of directors Delays at key ports are increasing: Singapore is now up to six days Vincent Clerc sees both positives and negatives of DB Schenker Maersk settles with fired chief engineer in Hope Hicks case Solstad expects more activity this year Spain accuses Danish carrier of shipping weapons to Israel CMA CGM reports better than expected first quarter Ship removed from site of Baltimore bridge collapse UK freight forwarders team up to buy software firm Insurance companies can pull out of accidents involving sanctioned oil Virtually every sanctioned Russian oil tanker remains idle months after sanctions Container lines are sailing longer with more empty containers Military sticks with Scan Global despite criticism of Russian rail freight Erling Braut Haaland buys up in Norwegian shipping bank Navigare brings in Mitsui as fresh investor Maersk signs new ten-year deal with New Zealand freight manager Port of Los Angeles increases container throughput by 25%Havfram bags order for 21 wind turbines in the Baltic Sea BBC Chartering receives first of 15 new specialized vessels Maersk lags behind CMA CGM in push to grow logistics business New report slams lack of clarity on post-Brexit border controls Scorpio to make "unscheduled" USD 225m debt repayment Golden Ocean is moderately optimistic for the coming bulk season John Fredriksen surpassed as UK's richest shipowner Edda Wind grows its revenue despite technical issues Baltic Exchange investor indices show a rush for tankers Hafnia must account for profit on oil freight from disputed refinery Record few ships were lost at sea in 2023 Container lines are making money again – except for Maersk Flag states pursuing deals to prevent detention of shadow fleet Eastern Pacific Shipping plans to employ 10,000 people by 2030 Cadeler confirms USD 400m purchase of turbine installation ship DB Schenker sale enters new phase: DSV and Maersk have bid Lucrative dry bulk market ensured good first quarter for Star Bulk Oil drops for fourth consecutive day on US inflation concerns MAN boss: Cheap fossil fuel prevents shipping's green transition Braemar maintains bottom line after "disputed staff loan"UK-Irish ship charging partnership to be first link in new global network Cadeler lands major contract worth up to EUR 700m Höegh LNG maintains operating profit in first quarter Long-awaited rainy season enables further opening of the Panama Canal Borr Drilling optimistic about chances of winning Saudis back DHL boss stays calm despite increasing rates and early peak season Flex LNG expects solid earnings with large number of contracts Smaller vessels are popular as liner giants scramble for capacity DHL to expand its network of charging stations in Germany Opinion: Surge in freight prices follows same pattern as the pandemic Havfram still sees a need for smaller offshore vessels UK law firm launches new shipping practice Dee4 Capital Partners sells last vessel from its first fund Kuehne+Nagel launches special service for pharmaceuticals European Maritime Finance opens office in Stockholm MOL Chemical Tankers aims for more growth after Fairfield deal Seatrium bags multi-billion dollar deal with Petrobras IMO calls for immediate end to ship attacks in Red Sea Minister to answer questions over Scan Global contract Authorities files police report after tanker collision in Danish waters Wallenius Wilhelmsen adds four vessels to its fleet Cleaves Securities avoids bankruptcy Carbon quota loophole saves container lines a lot of money China's appetite for coal will soon peak – clean energy sources stop growth Svitzer has increased in value by over USD 290m since April listing DHL chief thinks DB Schenker sale has dragged on for too long MSC unveils some of its plans for Gram Car Carriers Ernst Russ maintains full-year guidance despite revenue decline Pacific Basin is getting ready to go green with a full conversion of the fleet MOL makes large investment in rotor sails Cadeler maintains expectations for 2024 after new large contracts Nearly half a million containers are waiting at the Port of Singapore MPC Container Ships eyes continued strong demand Monjasa moves its US headquarters to New York Yangzijiang's orderbook alone will add 800,000 teu to the market London loses to Oslo and New York for shipowners wanting to go public Africa detours increase emissions by 280 kilos per container UK warns brokers not to fall foul of Russian sanctions Danaos highlights trade barriers as top risk to freight market Ship is sinking in the Red Sea after Houthi attack Panama drought crisis eases but still impacts bulkers Greece confiscates over 100 kilos of cocaine from squid container Golden Ocean chief exec steps down after one year Bunker Holding and Monjasa are selling heavy fuel at a rapid pace The megamax container fleet has doubled in the past five years Diana Shipping sees almost entire profit vanish Asian shipping majors give their unequivocal support to carbon quotas Germany to create national action plan for greener shipping Dry bulk newbuild prices soar to 15-year high Growing shadow fleet slows shipping's green transition DSV and Maersk to submit final bids for DB Schenker by August Maersk Tankers criticizes EU for weakening carriers' ability to compete Saudi Arabia to sell Aramco shares for USD 10bn Oil drops slightly as market waits for inventory figures Frontline profit dips as last Euronav VLCCs enter fleet Søren Huscher moves to Maersk Tankers after exit from Norden UK liner launches new service to China as spot rates soar Hapag-Lloyd resumes feeder services to Ukraine Insurance claim after Baltimore accident depends on two factors BW LPG profits increase in "strong" quarter CMA CGM pays million-dollar fine for overcharging on freight Authorities clear Hafnia in case of fuel shipment from disputed refinery Singapore port expands capacity after significant accumulation of ships Majority owner Oaktree puts millions of Torm shares up for sale Prosafe bags deal worth more than USD 75m DHL, Dachser and Toll hit by congestions in Asian key ports Kuwait reengages with China to revive Gulf port project MPC Capital creates Germany's largest shipbroker Zeronorth chief after focus on growth: "We will soon be profitable"Shipbroker Braemar expects OPEC+ will maintain oil output Container rates continue to soar at high pace Low-sulfur bunker oil may be contributing to global warming Maersk's ability to arrive on time improved slightly in April MB Shipbrokers sees orders for container vessels on the rise again Sinotrans to be spun off to Antong creating new mid-size operator Maersk and Hapag-Lloyd resume services to Ukraine Reports from OPEC+ meeting are good news for the tanker market DP World registers increasing impact from heat and hurricanes Inchcape Shipping Services buys Norwegian logistics company DSV appoints investor chief from Norden Abu Dhabi's Adnoc to acquire UK tanker pool operator Navig8 Flexport boss understands nervous customers as rates continue to rise UK futures broker acquires Greek outfit Maersk steers clear of crowded ports in Asia and the Mediterranean Methanol gains further ground in orders for new ships Maersk upgrades its guidance on soaring demand and unrest Torm's largest shareholder loses majority control after big sale Hong Kong minister seeks explanation from Maersk as port is downgraded Shadow fleet transfers of sanctioned oil have moved to Morocco Scan Global Logistics is also a supplier to NATO: "Deeply problematic"Cosco upgrades newbuild order with methanol engines Lauritzen Bulkers hires new chief exec from local competitor Liner majors bolstered by longer voyages and crowded ports Hapag-Lloyd ramps up capacity with three new mega-ships Schulte hires former V. Group exec as HR director UK report urges more action on shipping's decarbonization MAN and Eastern Pacific join forces to develop ammonia training course World Shipping Council praises new lost container regulations Baltimore river reopens this weekend Spot rates move closer to pandemic levels Maersk fears climate-skeptic turn in Europe: "It would be incredibly negative"Trafigura head: Crude tanker market affected by aging fleet Rhine remains closed to ship traffic due to high water levels ABB announces new routing service to optimize voyages Maersk operates at six of the top-ten global ports Hapag-Lloyd expects rates to drop before the end of the year Shipping's entry into carbon quota system is plagued by teething problems Lam Sai-hung is on a mission to empower maritime Hong Kong New chief exec joins Hellmann Logistics Norden expands in capesize again with two new vessels US bridge closed when crew of MSC ship suddenly lost control DHL expects scramble for space on ships from China for months to come UK shipowner bags financing to build fleet in European expansion drive Spain set to profit big-time from climate tax paid by foreign carriers Zeronorth partners with Rightship on platform sharing to aid decarbonization Long-term contracts can help shipping companies pay for green ships Idan Ofer sells large chunk of Israeli Zim Danaos ship banned from Australian ports for three months Lomar exits container industry with sale of last ship Höegh Autoliners prioritize 'strategic customers' in strained market Swire Pacific sells more than a third of its shares in Cadeler Former Maersk profile becomes new chief exec of Terma Russia and China join forces to establish Arctic fleet Braemar on ever-evolving sanctions regime: "We have to be on top of that"Singapore's Seatrium aims to quadruple results in 2028 Opinion: Carriers should explain to customers why rates are soaring Climate goal could leave a third of fossil fuel carriers idle by 2030 Hapag-Lloyd aims to reduce emissions through fewer port calls Engine suppliers team up for new ammonia design Rhine reopens for ship traffic ONE and CMA CGM increase activity in Singapore DFDS divests historic ferry route: "It is with a heavy heart"Shipping customers fear a repeat of pandemic freight chaos Strike left Hamburg terminals deserted – Bremerhaven to be hit on Wednesday Danish Ship Finance sold to investment company V.Group says shadow fleet poses increasing safety risks Finland calls for EU action as shadow fleet heightens risk of oil spill Ryan Petersen believes Flexport has been misunderstood by critics Maersk loses another executive in Asia UK shipbroker hires director from BW Epic Kosan Shipowner fined for illegal scrapping in India US dockworkers call off labor talks until automation issue is clarified Wallenius Wilhelmsen slashes its equity by almost a billion dollars New owner wants to preserve traditional virtues of Danish Ship Finance CMA CGM bolsters capacity on Asia-Europe with new service UN Security Council adopts US resolution backing Gaza truce Lars-Christian Svensen to take over as chief exec of Trøim's bulk carriers Maersk left disappointed as union walks out and triggers fears of strike Shipping companies lost 221 containers at sea last year Report: Shipping companies should join forces on biofuel procurement DB Schenker hires new chief for its Chinese division Scorpio sells five tankers for USD 179m Biggest UK marine insurers report rosier set of results EU headed for billion-euro tariffs on Chinese electric cars Royal Arctic Line returns to profit for 2023 Frontline doubts ceasefire will make ships return to Red Sea Samsung sues liner giant for imposing 100,000 "erroneous" fees Media: EU proposes sanctioning of Russia's Sovcomflot Odfjell questions whether shipping can really claim sparse green energy Eastern Pacific Shipping lifts its total orderbook to 88 vessels Hamburg postpones deadline for MSC port investment EU says it will impose tariffs on electric cars from China APM Terminals and DP World bring in new green alliance members West P&I boss says sanctions biggest issue for marine insurers right now Singapore port container logjam worsens as ships avoid Red Sea Houthis cause serious damage to Greek ship Scan Global could sue Danish state if defense contract is cancelled Gabon's shipping fleet grows rapidly with suspicion of Russian influence Port of Los Angeles had less to do in May Wrist Ship Supply expands in Asia with South Korean acquisition Dockworkers warn they are ready for strikes on the East Coast Grieg Green wants to ensure that all yards are ranked on environment Shippers urged to plan for recurring shocks to supply chain Star Bulk parts ways with manager and several employees after takeover Norden establishes new US office with former Thorco people One person is seriously wounded after new Houthi attack on cargo ship MSC ship met with arrest warrant after collision with US pier Stolt-Nielsen reaps benefits from investment in Odfjell Sea Cargo Charter members lag behind climate targets Monjasa owner grows personal fortune despite sliding profits Port of Hamburg must wait for delayed dredging of the Elbe Beng Tee: "Shipping imparted to me the value of reinventing myself"Major shipyard takes Russians to court after canceling billion-dollar contract Car carriers downplay importance of new tariff on Chinese cars US imposes new sanctions on Russian shipping interests Singapore beaches remain closed after oil spill Seatrium told to provide info regarding Operation Car Wash DSV's joint venture struggling to get off the ground in Saudi Arabia V.Group gets large consortium as new owner Western Bulk appoints new chief exec from own ranks Shipping director leaves Deutsche Bank after 16 years DHL reshuffles executive team for its European business MPC Capital wants global expansion for merged broker business Container lines miss out on large profits by staying loyal to customers Western Bulk's new chief exec began as a trainee: "An amazing journey"Maersk says coincidences are behind current supply chain chaos Scorpio Tankers beats analysts' Q2 expectations New strikes paralyze the major ports of Hamburg and Bremerhaven Maersk lands heavy lift contract with Vestas Antwerp-Bruges joins green port corridor Major freight forwarders still send cargo through Russian airspace Chief exec calls debate on sparse green energy "wrong and dangerous"Maersk doubts if ceasefire will bring safe passage through Suez Canal South Korean state banks to provide refunds for yard sector DHL expects turmoil in supply chains for a while yet V.Group boss aims for more expansion under new ownership Retail majors want EU to confirm green ambitions after elections World's largest flag state drops controversial Russian insurer Australia leaves the Asian Shipowners' Association DP World more than doubles capacity at Romanian port Vincent Clerc promises to prove critics wrong on logistics bet Maersk is working with rivals to introduce carbon tax on fossil fuels Greek cargo ship sinks one week after Houthi attack The worst congestion in the world's ports is now easing Danica Crewing Specialists expands into Turkey Maersk and Hapag-Lloyd alliance awaits US approval MB Shipbrokers takeover has cleared the final hurdles Wah Kwong benefits from ties to China: "Makes a huge difference"Shipping industry calls out once again after sinking ship Svitzer raises full-year guidance MPC Container Ships buys new vessels Shipping companies brace for a US strike that would shock supply chains Höegh Autoliners secures millions in funding for ammonia vessels Danish shipping industry retains tax break despite expert recommendation Soaring asset prices could make bulk carriers exploit lucrative loophole MSC ships get access to green shore power in Port of Hamburg Maersk has high hopes for rail freight that sidesteps Russia Marcura completes leadership changes Shippers risk millions in added charges due to quirk in index contracts India to build major port to boost trade with Europe Authorities want to stop Baltimore crew from returning home US regulator fines Clarksons for rule breaches New EU sanctions to hit Russia's shadow fleet and gas trade DFDS chief rejects basis of green energy debate: "It doesn't really matter"Crew free to head home three months after Baltimore accident South Korea's Hanwha buys US shipyard from Røkke company Grimaldi gets two more years at the helm of ICS Insurer Britannia says it is in "robust financial shape"DSV says customers have learned their lesson from pandemic chaos Aged tanker avoids police report after collision in Danish waters Amon Maritime launches new joint venture with state funding Opinion: US strike could fuel rate surge like Ever Given did MSC's entry into Hamburg's port operator moves one step closer Drone attack in Red Sea damages merchant ship Maersk warns of low water levels in the Amazon River Eu force says fending off Houthis requires double the fleet Chemical tanker prices approach record highs Cadeler wins contract for up to half a million euros per day V.Group takes on Erasmus Shipinvest vessels Norden is ready to take cape expansion to the next level Hamburg Commercial Bank buys competitor's shipping portfolio DSV's partner expected to scale back major projects in Saudi Arabia Asian shipowners on Australia exit: We have a weaker voice EU tightens grip on 27 Russian tankers in latest sanctions package Carsten Rehder orders four project cargo ships at Indian shipyard ONE will stick with extensive network despite split from Hapag-Lloyd Almost half of seafarers are stressed by the green transition Ship behind bridge collapse leaves Baltimore after three months Hong Kong's port connectivity continues to decline DSV appoints new global head of air freight Delta Corp's plans to go public stumble as merger is called off MOL takes charge of Gearbulk Holding as majority owner Aged tanker involved in collission added to EU's blacklist USTC takes big hit on environmental scandal: "Annus horribilis"Retailers anxious to stockpile goods could worsen East Coast challenges Bunker Holding is tight-lipped about costly shutdown of African business Monjasa deploys largest tanker in the Panama Canal Uni-Tankers delivers new profit after difficult years Western Bulk finds its new head of North Atlantic Zeronorth to help Hapag-Lloyd with fuel procurement Ship broker error leads to USD 45,000 settlement Scorpio's airline venture hits turbulence on Oslo exchange SSY opens office in Osaka with former Maersk Brokers director Bunker Holding reveals further details of massive loss in Africa Edda Wind raises millions of dollars in private placement MSC urges liner companies to invest in more ships despite fears of oversupply Torm Services Hapag-Lloyd APL People EXPORT Offshore ShippingWatch.com Suppliers Subscription Terms Offshore Advertising Archive Article archive Neptune Orient Lines NOL Privacy Policy Secure service Tag Terms and 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