Revenue at Semco Maritime, which specializes in technical installations on drilling rigs and offshore wind farms, took a small hit in 2020, but the company has succeeded in raising its operating income.

Keppel Offshore & Marine saw revenue decline in the first quarter, resulting in a bottom line deficit. The shipyard was the only company among Keppel Corporation's key businesses that was loss-making during the period, according to an update.

Large container vessels arrive late far too often, which creates challenges for both freight forwarders, shippers and carriers. "What irritates us all is that freight rates have gone through the roof, while service levels have deteriorated," says Dominique von Orelli, CEO of sea freight at DHL Global Forwarding.

Capacity at the EU-approved recycling yards only sits a 40 percent utilization, while ships are being recycled on beaches in India under poor conditions for both the environment and employees. "That's not okay," said Denmark's Minister of Environment Thursday.

Better-than-expected freight results lead DFDS to upgrade its 2021 outlook. At the beginning of the year, the outlook was low, but the recovery has since been faster than the company expected, said DFDS.