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  • info lily-shipping
    Dear Sir Good day, We have the honor to welcome shipping companies, shipping agents, Ship management companies, Recruiting agents, honorable personality and related concerns to recruit Bangladeshi seafarers. Lily Shipping Limited day by day is emerging as a giant in the country’s maritime market providing world standard seafarers for the safe and secure operation of a wide range of ships worldwide. Bangladeshi seafarers are of relatively high standards in proficiency, hardworking and able to understand various languages up to the required standards. They are well behaved, obedient, trustworthy, nonalcoholic and possess a high moral courage. They are content with reasonable wages. Crew Manning All types of crew sourcing and recruitments. Crew Welfare Our Company is quite aware about the welfare of its crews. We have the required knowledge and experience about the maritime labor laws, Maritime labor Convention MLC 2006 and international labor law (ILO) as well. We concentrate not only on the welfare of the crew members but also their family prospects and necessities. We stay close and connected with the government semen and labor welfare directorate to ensure their rights and necessities. Your kind Co-Operation will be Highly Appreciated. Thanks
    2021-06-29 09:03:17
  • PortDA
    Hi Sabashipping this is new user enquiry for my good vessel
    2021-08-05 17:06:06
  • PortDA Admin
    hello agent
    2021-08-22 19:33:51
  • PortDA Admin
    hi
    2021-08-22 20:05:59
  • PortDA
    Hi this enquiry is for Saba Shipping
    2021-08-22 20:07:12
  • PortDA
    Hi this enquiry is for Saba Shipping
    2021-08-22 20:07:34
  • PortDA Admin
    test
    2021-08-22 20:16:13
  • PortDA Admin
    2021-08-22 20:24:48
  • PortDA Admin
    test
    2021-08-22 20:28:53
  • PortDA Admin
    hello sir
    2021-08-24 15:13:48
  • PortDA Admin
    hello sir
    2021-08-24 15:16:47
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    test msg
    2021-08-24 15:45:35
  • PortDA Admin
    hi there
    2021-08-24 15:49:37
  • PortDA Admin
    ......
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  • PortDA Admin
    12345
    2021-08-24 16:05:58
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    12345
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    retest
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    retest
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    test msg
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    hello
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  • bab al ugsa
    I would like to know more details
    2022-04-06 13:04:56
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Recent News

IMO wants to put piracy in the Gulf of Guinea on the international agenda

IMO Secretary General Kitack Lim is deeply concerned by the recent developments in the Gulf of Guinea off West Africa, which is plagued by a growing number of attacks on the international merchant fleet. The matter will now be discussed at an IMO meeting in May.....

Shipping Watch Published 4y-10mo-1d-14h-26m ago

Monjasa acquitted by Danish Supreme Court court in case about towering oil profit

Bunker company Monjasa will not have to pay compensation of DKK 40 million in an unusual dispute with Stena Oil, rules Denmark amp 39 s Supreme Court.....

Shipping Watch Published 4y-10mo-2d-6h-6m ago

Wilhelmsen, Yara and Equinor in bid to develop the world's first carbon-free dry bulk ship

Within a few weeks, a shipping company and a fuel supplier will be tapped for a project that is planned to build and deliver the first carbon free dry bulk ship in the world. The goal is for the ship to hit the water in 2023. Equinor, Yara and Wilhelmsen want to participate.....

Shipping Watch Published 4y-10mo-2d-6h-18m ago

Hapag-Lloyd expects strong earnings growth in first quarter

German container line Hapag Lloyd expects to see a significant improvement in earnings in the first three months of the year. The 2021 results are expected to be amp 34 significantly higher amp 34 than in previous years.....

Shipping Watch Published 4y-10mo-2d-6h-50m ago

Analyst firm projects the tanker market will bottom out in first half of 2021

The rates for crude and product tanker vessels got off to a weak start to the year, and according to an analyst firm the market could bottom out in the first half of the year. While rates are moving south, ship values have been more robust.....

Shipping Watch Published 4y-10mo-2d-6h-53m ago

Oaktree fund joins forces with Australian bank to finance smaller ships

Fleetscape, a unit under equity fund Oaktree, has joined forces with a major Australian bank to offer alternative financing to small and medium sized ships. At first the fund has made arrangements for eight ships.....

Shipping Watch Published 4y-10mo-2d-8h-18m ago

BHP lifts outlook and pays record dividend during supercycle talk

The world amp 39 s largest mining group, BHP, increases its outlook after a 16 percent improvement in its first half profit. Global vaccine efforts in particular bolster optimism.....

Shipping Watch Published 4y-10mo-2d-9h-26m ago

Ship sales weigh down Røkke's Ocean Yield in fourth quarter

A sale of a construction and cable laying vessel was costly for Kjell Inge Røkke amp 39 s Ocean Yield in the fourth quarter. The sale contributes to a full year deficit for the shipowner.....

Shipping Watch Published 4y-10mo-2d-10h-54m ago

Long-term container contracts increase by upwards of 75 percent

The long term container contracts currently being negotiated will be unusually expensive for the customers this year. Scan Global notes increases in the range of 50 to 75 percent, the logistics operator tells ShippingWatch. Others point to a doubling of price levels.....

Shipping Watch Published 4y-10mo-2d-12h-6m ago

German HCOB ready for new shipping loans in 2021

Hamburg Commercial Bank is preparing to settle more loans for shipping in 2021 after new loans totaling roughly EUR 900 million last year. amp 34 We are ready for new business in 2021, amp 34 says Global Head of Shipping Jan Philipp Rohr to ShippingWatch.....

Shipping Watch Published 4y-10mo-2d-12h-34m ago

S&P increases DSV's credit rating: Demonstrated resilience throughout the pandemic

S amp P now lifts its credit rating of logistics company DSV Panalpina. This reward comes on the heels of DSV Panalpina showing resilience throughout the coronavirus pandemic, argues S amp P.....

Shipping Watch Published 4y-10mo-2d-14h-27m ago

Maersk is now the only liner company without large newbuilds on order

With Friday amp 39 s news that Zim has ten large container vessels on order, Maersk is now the only container major without an order for new large container ships. And the competitors are not necessarily finished ordering, asserts shipping analyst Lars Jensen.....

Shipping Watch Published 4y-10mo-3d-6h-14m ago

Mærsk Mc-Kinney zero carbon research center calls for Chinese partners

There are 10 15 new partners headed for the research center financed by the A.P. Moeller Foundation, but none of them are Chinese, and this could become a problem over time. ShippingWatch has interviewed the center amp 39 s head of industry transition, Mads Zacho, about goals and challenges.....

Shipping Watch Published 4y-10mo-3d-6h-32m ago

Aker Solutions in the red after turbulent year and merger

2020 was a year of change for Aker Solutions, which enters a new era with a major deficit and expects to stay in the red for the foreseeable future, shows the Norwegian oil service company amp 39 s financial report.....

Shipping Watch Published 4y-10mo-3d-7h-15m ago

Lauritzen Bulkers opens new office in Hong Kong

Dry bulk operator Lauritzen Bulkers will open an office in Hong Kong on April 1, 2021 to grow its customer base and gain easier access to Chinese owned ship tonnage.....

Shipping Watch Published 4y-10mo-3d-7h-39m ago

Former Wrist Ship Supply CEO gets three new jobs

Robert Kledal, who stepped down as CEO of Wrist Ship Supply a little over a year ago, now adds three jobs to his CV. One of them is as chief executive officer, while he has also agreed to become a professor and to get involved in Rainmaking, he writes on LinkedIn.....

Shipping Watch Published 4y-10mo-3d-8h-17m ago

Seadrill loses equity holding in Seadrill Partners with new rescue plan

Offshore company Seadrill Partners plans to convert debt into equity as part of its restructuring. As a result, however, parent company Seadrill is pushed out and loses its equity holding, writes Finansavisen.....

Shipping Watch Published 4y-10mo-3d-9h-12m ago

Ørsted expects significant growth in offshore wind in Europe

Ørsted projects significant growth in the market for offshore wind in Europe in the coming years, and the utility has established an office in Sweden, while also considering entering Belgium. amp 34 We expect to be active in the North Sea as well as the Baltic Sea going forward, amp 34 says Ør....

Shipping Watch Published 4y-10mo-3d-11h-13m ago

DSV wants to enable customers to pick greener routes

DSV Panalpina is working on an improved digital platform that will help enable customers to choose more climate friendly routes and to pay extra for green fuel. A growing demand has created momentum, says DSV Panalpina chief to ShippingWatch.....

Shipping Watch Published 4y-10mo-3d-12h-17m ago

90,000 oil jobs could disappear within a decade

Lower oil prices could within a decade cost upwards of 90,000 jobs in the Norwegian oil sector, according to an update from the Norwegian government.....

Shipping Watch Published 4y-10mo-3d-13h-44m ago

Two major European ports join forces

Antwerp and Bruges have agreed to merge the two cities amp 39 ports in an effort to strengthen their position in the global supply chain. The merger is expected to take a year.....

Shipping Watch Published 4y-10mo-3d-14h-14m ago

15 kidnapped seafarers from Hapag-Lloyd chartered vessel released

The 15 crew members kidnapped from container ship MV Mozart in the Gulf of Guinea off West Africa on Jan. 23 have now been release, informs Borealis Maritime in an email to ShippingWatch. One seafarer died during the violent attack.....

Shipping Watch Published 4y-10mo-6d-5h-51m ago

Seaspan orders LNG-fueled container newbuilds

Seaspan has placed an order for ten container newbuilds capable of sailing on LNG, which will be chartered to Zim when delivered. The order is placed only shortly after Seaspan entered another contract for two mega vessels.....

Shipping Watch Published 4y-10mo-6d-6h-4m ago

Maersk Drilling CEO sees three major obstacles for strained drilling sector

Three significant problems characterize the hard pressed drilling sector from the get go of 2021. However, the fact that competitors have filed for Chapter 11 helps with one of the issues, says Maersk Drilling CEO, who reports of talk about consolidation among major industry players.....

Shipping Watch Published 4y-10mo-6d-6h-16m ago

Maersk points to four future fuels: Several barriers still need to be overcome

Maersk has now identified four fuels that will help the container line achieve its ambition of become carbon neutral by 2050. But several barriers must first be overcome before the fuels can be considered real alternatives.....

Shipping Watch Published 4y-10mo-6d-7h-7m ago

CMA CGM buys planes and establishes new air cargo division

French container line CMA CGM establishes a new logistics division dedicated to air freight. The plans include the purchase of four Airbus planes.....

Shipping Watch Published 4y-10mo-6d-7h-47m ago

Seadrill subsidiary settles forbearance agreement after parent company's Chapter 11 petition

A subsidiary under John Fredriksen amp 39 s Seadrill has secured a new forbearance agreement with some of its creditors. This agreement comes only days after its parent company filed for Chapter 11 in the US.....

Shipping Watch Published 4y-10mo-6d-8h-22m ago

Western Bulk says 2021 could bring best dry bulk market in years

Norwegian Western Bulk expects that the dry bulk market in 2021 will be the best in years, and the company reports increasing rates at the start of the year.....

Shipping Watch Published 4y-10mo-6d-8h-59m ago

Hafnia's partner in US methanol plant appeals environmental rejection

The environmental authorities amp 39 rejection of a planned, large scale methanol plant in the US, which has tanker carrier Hafnia as a co investor, has now been appealed to a higher court, the company tells ShippingWatch. Upon completion, Hafnia will transport a third of production to Asia.....

Shipping Watch Published 4y-10mo-6d-9h-32m ago

South Korea's biggest yards increase order target for green ships

Green transition and a growing number of rules mean that South Korea amp 39 s three biggest yards now dare to increase their order target for new ships in 2021. Some expect to bag almost 50 percent more orders, reports Yonhap.....

Shipping Watch Published 4y-10mo-6d-11h-47m ago

Dreadful year for drilling sector hits Maersk Drilling with billion dollar loss

Rig operator Maersk Drilling reports a billion dollar deficit for 2020 after a year hit by large oil price drops and the coronavirus pandemic. For 2021 the company expects a lower operating result.....

Shipping Watch Published 4y-10mo-6d-12h-38m ago

Eneti, formerly Scorpio Bulkers, sells five ships for USD 88 million

Monaco based Eneti, previously named Scorpio Bulkers, continues to sell ships from its fleet of dry bulkers. Most recently, five ships get new owners.....

Shipping Watch Published 4y-10mo-6d-13h-52m ago

ONE completes test of biofuel on the Atlantic

Container line ONE has for two months been testing biofuel on sailings across the Atlantic. Alternative fuels will be part of the company amp 39 s path to reducing greenhouse gas emissions.....

Shipping Watch Published 4y-10mo-6d-14h-38m ago

Eagle Bulk buys three new ships

Eagle Bulk will have a fleet of 52 ships in total after the new purchase of three new ships. The US based dry bulk operator has recently bought several ships from Scorpio.....

Shipping Watch Published 4y-10mo-1w-6h-13m ago

DSV Panalpina invests heavily in new 2025 strategy

Digitalization and optimization should help secure DSV Panalpina the ambitious yield announced in its new 2025 plan. DSV plans to achieve its target through large scale investment, and does not expect it to result in cuts to manpower, CFO Jens Lund tells ShippingWatch.....

Shipping Watch Published 4y-10mo-1w-6h-21m ago

DNB acknowledges overly generous loans to distressed offshore sector

Bank DNB is hit by big losses on its loans to the offshore sector, and the bank now acknowledges that it was, years ago, too generous with loans for the sector.....

Shipping Watch Published 4y-10mo-1w-7h-20m ago

BW Offshore impairs further and plans to invest in offshore wind

BW Group amp 39 s offshore company booked further impairments on its fleet in the fourth quarter due to market uncertainty. But the company also plans to invest in offshore wind.....

Shipping Watch Published 4y-10mo-1w-8h-8m ago

Brexit deal hampers UK exporters' freight across the Channel

Challenges in the wake of the Brexit trade agreement could impede British exporters from shipping goods to the EU, fears British trade organization.....

Shipping Watch Published 4y-10mo-1w-9h-37m ago

BW Offshore nedskriver igen og vil investere i havvind

BW gruppens offshoreselskab har i løbet af fjerde kvartal foretaget nedskrivninger på sin flåde i et usikkert marked. Til gengæld planlægger selskabet at investere i havvind.....

Shipping Watch Published 4y-10mo-1w-10h-12m ago

Around one in two Maersk ships arrive late – now Søren Skou wants to correct course

Bottlenecks in the container sector mean that Maersk amp 39 s ships are having amp 34 big problems amp 34 in terms of arriving on time, acknowledges CEO Søren Skou. The CEO has set an ambitious target for schedule reliability already this year.....

Shipping Watch Published 4y-10mo-1w-10h-54m ago

Equinor's international problems exposed yet again

amp 34 We amp 39 re not sufficiently robust within international oil and gas, amp 34 Equinor amp 39 s new CEO, Anders Opedal, acknowledges in the wake of the company amp 39 s fourth quarter interim statement, which confirms his appraisal.....

Shipping Watch Published 4y-10mo-1w-11h-53m ago

Odfjell expects slower beginning to 2021

2021 has started with continuing weak markets and high fuel costs for Odfjell. This is expected to impact results in the first quarter, where the company expects to bag a weaker result. 2020 finished with significant bottom line growth.....

Shipping Watch Published 4y-10mo-1w-12h-49m ago

Seadrill files for Chapter 11 in the US for the whole group

John Fredriksen amp 39 s rig operator Seadrill has now submitted a petition for Chapter 11 in the US for the whole group after applying for the same for a series of subsidiaries earlier this week.....

Shipping Watch Published 4y-10mo-1w-13h-41m ago

German terminal operator saw its result cut by EUR 100 million last year

The coronavirus pandemic made a big dent in the result at the largest terminal operator in the Port of Hamburg in 2020, which launched a cost cutting program towards the end of the year.....

Shipping Watch Published 4y-10mo-1w-14h-7m ago

Weak fourth quarter pushes Ardmore into the red

A deficit of USD 19.5 million in the fourth quarter helped turn a profit into a deficit for the full year for Irish product tanker operator Ardmore, which reports a loss of USD 6 million for 2020.....

Shipping Watch Published 4y-10mo-1w-1d-6h-1m ago

DFDS is hesitant about earnings target from its growth plan

After significant setbacks in terms of revenue and earnings in 2020, DFDS now adjusts the targets of its ambitious growth plan. amp 34 We amp 39 re a little hesitant until we get to the other side of the pandemic and see the passenger side return, amp 34 CEO Torben Carlsen tells ShippingWatch.....

Shipping Watch Published 4y-10mo-1w-1d-6h-28m ago

Maersk reports significantly increased prices in key contract negotiations

Rates in Maersk amp 39 s key contract negotiations are increasing big time, says Maersk CEO Søren Skou after the shipping line has fixed close to 40 percent of its new contracts for the year. At DSV Panalpina, CFO points to frustrated customers who are left footing the bill.....

Shipping Watch Published 4y-10mo-1w-1d-6h-43m ago

Unifeeder and X-Press Feeders increase fleets by more than 20 percent since January

In 2021 so far the two major feeder lines Unifeeder and X Press Feeders have expanded their fleets by more than 20 percent. This is especially due to the fact that the feeder operators are getting more business from the bigger container lines, writes Alphaliner.....

Shipping Watch Published 4y-10mo-1w-1d-7h-59m ago

Norway's DNB further reduces its loans to shipping

Norwegian bank DNB has again reduced its exposure to shipping and scaled back its lending portfolio by close to NOK 7 billion. Developments for the fourth quarter were stable, reports the bank.....

Shipping Watch Published 4y-10mo-1w-1d-8h-57m ago

Media: Port operator assumes control of Lim family's crown jewel

An oil terminal, considered to be the crown jewel of the Lim family amp 39 s collapsed business empire, is now being taken over by a state owned port operator in Singapore, sources tell Reuters.....

Shipping Watch Published 4y-10mo-1w-1d-10h-8m ago

Equinor finishes 2020 with fourth quarter deficit of USD 500 million

Norwegian energy major Equinor was hit by the low oil price in 2020, as both the revenue and result took a big dive. The company projects moderate growth in 2021, though the coronavirus is a joker.....

Shipping Watch Published 4y-10mo-1w-1d-11h-35m ago

Maersk expects to earn even more money in 2021

A.P. Moeller Maersk expects to earn even more money in 2021 than in the red hot container market for 2020. The first quarter this year will be exceptionally strong, projects the company, after which the market is expected to normalize.....

Shipping Watch Published 4y-10mo-1w-1d-13h-36m ago

DFDS expects to improve its revenue by upwards of 25 percent in 2021

Ferry and logistics operator DFDS projects significant top line growth in 2021 after a tough 2021 characterized by coronavirus and Brexit. This is expected to boost the operating profit by upwards of DKK 3.5 billion for the year.....

Shipping Watch Published 4y-10mo-1w-1d-13h-42m ago

DSV Panalpina earns USD 1.5 billion on operations in pandemic year

DSV Panalpina lands an operating profit of USD 1.5 billion for 2020, which was largely characterized by the coronavirus. With the Panalpina acquisition fully integrated, the logistics company also announces a new financial target ahead of 2025.....

Shipping Watch Published 4y-10mo-1w-1d-13h-58m ago

Two people have perished at shipbreaking yards in Turkey

Over the past months, two employees at shipbreaking yards in Turkey have perished during the work to dismantle a cruise ship and two rigs, NGO informs.....

Shipping Watch Published 4y-10mo-1w-1d-14h-4m ago

Valaris nears a solution after reaching agreement with several creditors

Drilling company Valaris has reached agreement with several creditors regarding amendments to a potential rescue plan and is thus one step closer to an actual solutions after being under bankruptcy protection for months.....

Shipping Watch Published 4y-10mo-1w-2d-6h-7m ago

Analyst expects to see Seadrill in Chapter 11 a few months from now

The likelihood of Seadrill ending up in Chapter 11 receivership is high, projects an analyst. Seadrill recently asked for help from US authorities to ensure a financial restructuring of several subsidiaries.....

Shipping Watch Published 4y-10mo-1w-2d-6h-30m ago

Major container line deflates hopes of imminent resolution to container shortage

The significant challenges currently plaguing the container market with bottlenecks and equipment shortages will last several more months, says one of the world amp 39 s biggest container lines, HMM. This announcement comes just one day before Maersk is expected to address the situation in connecti....

Shipping Watch Published 4y-10mo-1w-2d-7h-4m ago

Prosafe CEO is optimistic about 2021 despite USD 1 billion loss

Prosafe has lost more than USD 2 billion in five years, and the offshore company continues to be in talks with its creditors about a comprehensive rescue plan. And yet, CEO Jesper K. Andresen is optimistic about imminent market improvement.....

Shipping Watch Published 4y-10mo-1w-2d-7h-42m ago

Hapag-Lloyd bags financing for six new container ships

Container line Hapag Lloyd has secured two agreements for financing the company amp 39 s investment in six new megamaxes, to be built in the coming years.....

Shipping Watch Published 4y-10mo-1w-2d-8h-21m ago

Total withstands crisis with profit near USD 900m

The French oil giant stands out among major industry players with a solid profit in the fourth quarter. However, the coronavirus and oil price crises turned Total amp 39 s overall 2020 into a year the company would rather forget. Now it mulls a name change.....

Shipping Watch Published 4y-10mo-1w-2d-10h-22m ago

Crew can soon go ashore after months aboard MSC ship

18 seafarers will at long last get solid ground under their feet this week after spending close to six months on board an MSC ship. The shipping line has sent the ship to Japan after spending months off the coast of China.....

Shipping Watch Published 4y-10mo-1w-2d-11h-14m ago

Weak tanker market makes DHT push forward yard stays

Tanker operator DHT Holdings brings forward yard stays for its fleet of supertankers, as a consequence of the currently weak freight market. This comes after a fourth quarter in which the shipping company was able to book a profit despite a significant setback.....

Shipping Watch Published 4y-10mo-1w-2d-12h-22m ago

Container lines blank fewer sailings than expected for Chinese New Year

The container lines have blanked 42 sailings in relation to the Chinese New Year, which begins this week. This is less than half as many as a year ago, writes Sea Intelligence.....

Shipping Watch Published 4y-10mo-1w-2d-13h-28m ago

Seaspan expands fleet with order for two container newbuilds

The world amp 39 s largest shipowner, Seaspan Corporation, has ordered two new container ships with a capacity of 24,000 teu apiece. The ships are chartered out to a container line on 18 year contracts.....

Shipping Watch Published 4y-10mo-1w-2d-14h-26m ago

Growth sidestepped DP World despite 71 million teu throughput

Port operator DP World handled 71.2 million teu in 2020. This corresponds to a growth of just 0.2 percent compared to 2019, but it was better than the market, says the company amp 39 s CEO.....

Shipping Watch Published 4y-10mo-1w-3d-6h-26m ago

The EU's largest trade agreement to date fades out of sight with climate discussions

The much anticipated trade agreement between the EU and several South American countries currently risks years of postponement. Shipping is one of the sectors that was set to benefit from the Mercosur agreement. But climate considerations have thwarted this.....

Shipping Watch Published 4y-10mo-1w-3d-6h-28m ago

New Nigerian naval chief issues warning to corrupt personnel

The Nigerian navy has gotten a new chief of naval staff, and he is prepared to take severe actions against employees who collaborate with amp 34 bandits, kidnappers and armed robbers, amp 34 writes security firm Dryad Global.....

Shipping Watch Published 4y-10mo-1w-3d-6h-43m ago

CEO says offshore wind could become one of Norway's five top exports by 2030

Knut Vassbotn, CEO of newly established Deep Wind Offshore, has made the leap from the oil sector to what he considers one of Norway amp 39 s five biggest export successes ahead of 2030. The company expects to profit from a booming wind market.....

Shipping Watch Published 4y-10mo-1w-3d-7h-8m ago

Norwegian Pro Fuels sold to Singapore company

Singapore based Sea Oil Petroleum acquires Norwegian bunker company Pro Fuels. As part of the agreement, a new company is established for the Pro Fuels employees to be transferred to.....

Shipping Watch Published 4y-10mo-1w-3d-8h-58m ago

Maersk sues Glencore for bad bunker oil – wants million dollar compensation

Maersk accuses Glencore of having supplied low quality bunker for two of its container ships in 2018. The ships subsequently experienced engine problems, and Maersk wants millions of dollars in compensation for the damages.....

Shipping Watch Published 4y-10mo-1w-3d-9h-28m ago

Seadrill files for Chapter 11 in the US for Asian subsidiaries

Seadrill has filed for Chapter 11 bankruptcy protection in the US for a series of Asian subsidiaries, in an effort to ensure the offshore company amp 39 s financial restructuring. The company also requests help from authorities to pay employees amp 39 wages.....

Shipping Watch Published 4y-10mo-1w-3d-10h-31m ago

Oil price climbs above USD 60 per barrel

The oil price climbs to the highest level since the coronavirus crisis erupted in January 2020. According to a broker, this offers tanker operators a glimmer of hope after a 2020 with numerous ups and downs.....

Shipping Watch Published 4y-10mo-1w-3d-12h ago

China set to unload some stranded Australian coal amid ban

China plans to allow some stranded Australian coal shipments to unload in the country despite its ongoing import ban. The move should be seen as a goodwill gesture to countries with seafarers stranded rather than an ease of restrictions, says anonymous source.....

Shipping Watch Published 4y-10mo-1w-3d-12h-25m ago

Maersk's acquisition "war chest" doubles in size to USD 20 billion

The booming container market has bolstered Maersk amp 39 s coffers so much that the company now has USD 20 billion to use on acquisitions, shows an analysis a few days before Maersk publishes its 2020 annual report. But analyst doubts that Maersk will be able to achieve its earnings target for logi....

Shipping Watch Published 4y-10mo-1w-3d-12h-47m ago

NGO urges EU to include LNG and voyages outside the region in quota system

NGO Transport amp Environment now calls on the EU to include LNG and voyages outside the union, once shipping is inducted under the EU amp 39 s emissions trading system. The announcement comes on the day when the EU Commission amp 39 s consultation phase on the scheme expires.....

Shipping Watch Published 4y-10mo-1w-6d-6h-14m ago

Major bulk players have diligently purchased vessels from Scorpio's fire sale

Well known dry bulk players have been busy buying vessels from Scorpio Bulkers amp 39 fire sale in connection with the shipping company amp 39 s exit from dry bulk. Several of Scorpio Bulkers amp 39 vessels will change hands over the coming months.....

Shipping Watch Published 4y-10mo-1w-6d-7h-14m ago

Scandlines has to postpone its climate target

2021 will not be the year in which Scandlines can advertise completely CO2 neutral ferry operations between Rødby in Denmark and Germany amp 39 s Puttgarden, as the company had otherwise said. The power is too expensive, explains Scandlines. At the same time, Stena Line announces that it will orde....

Shipping Watch Published 4y-10mo-1w-6d-7h-31m ago

Bunker supplier Peninsula adds LNG to its offering

Going forward, Peninsula will add LNG to its marine fuel offering. Meanwhile, the bunker supplier reports of increased investments in green solutions.....

Shipping Watch Published 4y-10mo-1w-6d-8h-57m ago

Banks face major losses on Hin Leong after potential buyers have withdrawn

Banking majors are set to lose big on commodity trader Hin Leong if they cannot find a buyer for the company. Most recently, three potential bidders have withdrawn, reports Bloomberg.....

Shipping Watch Published 4y-10mo-1w-6d-9h-54m ago

CMA CGM to expand US headquarters

Container line CMA CGM plans an expansion of its US headquarters, which will create 400 new jobs in the State of Virginia, where the office is located. The expansion entails an investment in the range of USD 36 million.....

Shipping Watch Published 4y-10mo-1w-6d-11h-26m ago

Euronav is ready to deploy USD 700 million

Belgian tanker company Euronav has the option to deploy USD 700 million to be used on, for example, new tanker purchases. CEO sees a tough tanker market continue into the second half year and hopes for increased scrapping activity in the sector.....

Shipping Watch Published 4y-10mo-1w-6d-12h-14m ago

Vale to pay USD 7 billion for one of the worst ever mine disasters

Brazilian mining major Vale has reached a settlement with the Brazilian authorities totaling USD 7 billion for the catastrophe two years ago when a dam collapsed, killing 270 people.....

Shipping Watch Published 4y-10mo-1w-6d-12h-58m ago

Cartel case has cost Wallenius Wilhelmsen USD 485 million in total

Thursday, Australia sentenced ferry operator Wallenius Wilhelmsen to pay a fine of USD 18 million for its involvement in a large scale cartel case, bring the company amp 39 s total realized losses to USD 485 million. Yesterday amp 39 s sentencing marked the end of the authorities amp 39 cases ag....

Shipping Watch Published 4y-10mo-1w-6d-13h-28m ago

Seadrill gets another extension on payments to creditors

Rig operator Seadrill has reached an agreement with its creditors, which gives the company a temporary breather in its efforts to settle a comprehensive restructuring.....

Shipping Watch Published 4y-10mo-1w-6d-13h-55m ago

Hamburg Süd appoints new CEO

After more than 20 years at Maersk owned container line Hamburg Süd, Dr. Arnt Vespermann leaves the company and thus steps down as CEO. His replacement has been found internally.....

Shipping Watch Published 4y-10mo-2w-5h-45m ago

Stolt Tankers' new CFO will help pursue a listing for the company

Stolt Tankers has appointed a new CFO, who will help prepare the company amp 39 s initial public offering. The new CFO has previously worked at oil companies such as Shell and Dyas.....

Shipping Watch Published 4y-10mo-2w-6h-21m ago

Scrap yards disagree with Maersk: Plenty of space at approved EU shipbreakers

That there should be a lack of space at the European shipbreaking facilities, as Maersk claims, does not fit with the reality, says the chairman of European Ship Recyclers, Peter Wyntin, to ShippingWatch.....

Shipping Watch Published 4y-10mo-2w-6h-33m ago

Danske Bank expects new losses on offshore

Danske Bank expects further losses on loans to shipping and offshore, even though the major bank reduced its exposure to the sectors in 2020. Oil and gas customers in particular are challenged. Competitor Nordea reports a slower market.....

Shipping Watch Published 4y-10mo-2w-7h-37m ago

Up to 30,000 vessels may be non-compliant with the new EEXI regulation

Shipowners are already reviewing their fleets, calculating how each vessel complies with the upcoming and rather complex EEXI index. DNV GL tells ShippingWatch that upwards of 30,000 vessels may have to install or adjust technologies or switch fuels.....

Shipping Watch Published 4y-10mo-2w-8h-36m ago

Prosafe doubles its deficit in 2020 to USD 950 million

Hotel rig company Prosafe more than doubled its deficit last year, which is largely attributed to a weak market. The strained company continues to negotiate with its creditors to land a rescue plan, states interim report.....

Shipping Watch Published 4y-10mo-2w-9h-15m ago

Euronav CEO awaits normalization of global oil markets after tough months

The global oil consumption needs to be normalized in order for a notable improvement to emerge for tanker operators, says Euronav CEO Hugo de Stoop. The fourth quarter brought one of the most challenging markets in modern times and a big deficit.....

Shipping Watch Published 4y-10mo-2w-11h-31m ago

Fjord Line's new CEO inherits a million lost passengers and a tough crisis

Fjord Line lost one million passengers in 2020 due to the Covid crisis and is working on a refinancing plan. The company maintains its growth plan entailing a new catamaran ferry worth NOK 700 million, new CEO tells ShipingWatch.....

Shipping Watch Published 4y-10mo-2w-11h-55m ago

Congestion in Los Angeles spreads to nearby ports

The massive traffic problems plaguing container ports on the US West Coast have spread to nearby ports, informs Hapag Lloyd. And weather has started to trouble other major US ports.....

Shipping Watch Published 4y-10mo-2w-12h-34m ago

Navig8 Chemical Tankers sells five vessels with leaseback agreements

Tanker company Navig8 Chemical Tankers sells five vessels through so called sale and leaseback agreements. The company entered a similar agreement last year.....

Shipping Watch Published 4y-10mo-2w-14h-10m ago

Alfa Laval's orderbook shrinks due to lower newbuild activity

The number of newbuilds on order is declining and this affects the order intake at Alfa Laval, which supplies equipment and pump systems to the maritime industry.....

Shipping Watch Published 4y-10mo-2w-14h-28m ago

Analyst firm: Crude oil demand may have peaked in 2019

The crude market will come under pressure in 2021 and going forward, assesses analyst firm McQuilling Services. Demand for crude oil may have peaked in 2019, posing a challenge to the VLCC market.....

Shipping Watch Published 4y-10mo-2w-1d-6h-24m ago

Evergreen orders upwards of 20 new ships

Taiwan based Evergreen is building up its capacity big time with an alleged order for upwards of 20 new ships, set to be built at four different yards. The shipping line amp 34 places orders or charters ships as appropriately when required by the market, amp 34 it says.....

Shipping Watch Published 4y-10mo-2w-1d-6h-50m ago

Biden's administration makes Ørsted CEO optimistic about approval in the US

Ørsted has now waited longer for an approval in the US than the company had hoped, but signs from the Biden administration have renewed the company amp 39 s optimism, says CEO Mads Nipper. amp 34 Processes are now in motion. amp 34 ....

Shipping Watch Published 4y-10mo-2w-1d-7h-15m ago

Why should new crew change alliance make a difference in 2021 when politicians remained mute in 2020?

Does the unity of some of the most influential global companies to secure the wellbeing of seafarers matter, when the world amp 39 s politicians heard their pledges loud and clear in 2020 and still did little to resolve it ShippingWatch has interviewed one of the Neptune Declaration signatories.....

Shipping Watch Published 4y-10mo-2w-1d-7h-47m ago

MSC ship loses containers en route to China

A container ship owned by shipping line MSC is now the last in line of large ships to drop containers in stormy weather in the Pacific. Maersk and ONE have reported similar incidents in recent months.....

Shipping Watch Published 4y-10mo-2w-1d-8h-45m ago

Frustrated Maersk wants EU speed up approval of shipbreaking in India

Maersk does not understand why the Basel Convention has suddenly slowed the work to approve Indian shipbreaking facilities. Recycling within the EU is challenging, says head of regulatory affairs.....

Shipping Watch Published 4y-10mo-2w-1d-9h-42m ago

Congestion in major ports hits container lines with loss of revenue

Container lines are losing revenue on the massive traffic problems in ports across the globe. Routes from China to the US West Coast alone trigger double digit million dollar losses.....

Shipping Watch Published 4y-10mo-2w-1d-11h-3m ago

DSV Panalpina gets highest rating from Moody's

Transport and logistics major DSV Panalpina receives the highest credit rating from Moody amp 39 s. The rating amp 34 strengthens DSV amp 39 s financing platform, amp 34 says CFO.....

Shipping Watch Published 4y-10mo-2w-1d-12h-50m ago

Iran releases crew of South Korean tanker

The crew of South Korean tanker vessel Hankuk Chemi, which has been detained in Iran for almost a month, is free to leave the vessel and return home, says a spokesman for Iran amp 39 s ministry of foreign affairs.....

Shipping Watch Published 4y-10mo-2w-1d-14h-3m ago

Dorian LPG to buy back shares for USD 100 million

Gas ship operator Dorian LPG finished 2020 with a solid profit, and this makes the company launch a share buyback program for USD 100 million.....

Shipping Watch Published 4y-10mo-2w-1d-14h-29m ago

The European shipbuilding industry can expect more layoffs and a lower order book

The coronavirus crisis has been tough on the already strained shipyard industry, and in Europe this will mean more years with a low order book and more layoffs, says Kjersti Kleven, chairman of shipbuilding association Sea Europe. And yet, prices do not appear to have gone down, says Clarksons Resea....

Shipping Watch Published 4y-10mo-2w-2d-6h-21m ago

Scorpio Bulkers sells seven ships to Star Bulk as part of exit from dry bulk

Monaco based Scorpio Bulkers has sold seven ships to Greek Star Bulk Carriers, and put another 25 ships up for sale as part of its exits from the dry bulk sector, says the company in its latest interim report.Sc....

Shipping Watch Published 4y-10mo-2w-2d-6h-28m ago

MPC Container Ships has settled new charter deals for 41 ships

MPC Container Ships has used the strong container market to settle new charter deals for a majority of its fleet. The shipowner has also been active in buying and selling ships.....

Shipping Watch Published 4y-10mo-2w-2d-7h-20m ago

Shipowners split their fleets up in two according to new carbon efficiency requirements

Shipowners have started to review their fleets and sort them according to efficiency and how much carbon they emit, as required by the new EEXI index introduced by the IMO. Two solutions in particular are expected to come into play.....

Shipping Watch Published 4y-10mo-2w-2d-7h-54m ago

Maersk Supply Service appoints new CFO

Maersk amp 39 s offshore carrier Maersk Supply Service appoints a new CFO, who will start in March. The new finance chief was found internally at Maersk and has previously worked at the offshore carrier.....

Shipping Watch Published 4y-10mo-2w-2d-8h-57m ago

BP lost USD 5.7 billion last year

BP finished 2020 with a small profit but suffered a massive loss for the full period. Covid 19 and low prices forced the British firm to book major impairments, weighing down on the result.....

Shipping Watch Published 4y-10mo-2w-2d-10h-12m ago

FMC urges Biden to prioritize vaccines for maritime employees

The Federal Maritime Commission now asks US President Joe Biden to prioritize vaccinating people working in the country amp 39 s maritime sector.....

Shipping Watch Published 4y-10mo-2w-2d-10h-54m ago

More than 400 ships ended up on the beaches of South East Asia last year – 10 workers were killed

The beaching yards in India, Pakistan and Bangladesh were also the shipping companies amp 39 favorite cemetery for their end of life vessels in 2020. More than 400 ships wound up on the beaches, and at least 10 people were killed while dismantling the ships.....

Shipping Watch Published 4y-10mo-2w-2d-11h-20m ago

Offshore supplier terminates all employees and sells vessels

Polarcus, listed on the Oslo Stock Exchange, no longer has the support of its lenders and has therefore been told to sell all vessels and terminate all employment contracts.....

Shipping Watch Published 4y-10mo-2w-2d-13h-20m ago

Bulk carriers head into record year for grain and soy product transports to China

The significant grain exports from the US to China last year is expected to continue in 2021, while Brazilian soybean production is set to grow nearly 5 percent this year. Improvements in iron ore and coal exports herald a good year for dry bulk carriers, assesses Arrow Research.....

Shipping Watch Published 4y-10mo-2w-2d-13h-33m ago

PIL secures approval for life-saving rescue plan

Pacific International Lines just received creditor approval for the rescue plan that is supposed to inject USD 600 million in capital from the Singaporean state into the container line, which has called this plan its last resort. The Teo family now owns less than 15 percent.....

Shipping Watch Published 4y-10mo-2w-3d-6h-9m ago

Maritime battery supplier expands with production of fuel cells

Corvus Energy, which produces batteries for the maritime sector, expands its activities with production of hydrogen based fuel cells. The company has signed a deal with Toyota, which will become a key supplier.....

Shipping Watch Published 4y-10mo-2w-3d-6h-37m ago

Authorities are trying free kidnapped seafarers from Hapag-Lloyd-chartered vessel

The 15 crew members kidnapped from container ship MV Mozart in the Gulf of Guinea on Jan. 23 are unharmed. Negotiations are ongoing with the pirates to secure the release of the crew, Borealis Maritime informs ShippingWatch.....

Shipping Watch Published 4y-10mo-2w-3d-6h-58m ago

Biggest gateway for US imports hit by record ship bottleneck

Ship congestion off the twin ports of Los Angeles and Long Beach has now reached an unprecedented level, with some vessels now having to wait at sea in so called drift zones until anchorages become available.....

Shipping Watch Published 4y-10mo-2w-3d-7h-32m ago

Nordea and Danske Bank have more than USD 25 billion in oil, coal and gas

Major banks Nordea and Danske Bank have investments and loans totaling more than USD 25 billion exposed to oil, coal and gas, shows a new report from NGOs, reports Jyllands Posten Erhverv.....

Shipping Watch Published 4y-10mo-2w-3d-8h-5m ago

Seadrill's forbearance agreement with creditors expires

John Fredriksen amp 39 s Seadrill sees a forbearance agreement with its creditors expire. The company faces a comprehensive restructuring.....

Shipping Watch Published 4y-10mo-2w-3d-9h-19m ago

Media: Exxon and Chevron discussed merger

The CEOs of the US amp 39 two largest oil companies spoke about the possibility of carrying out one the largest corporate mergers ever last year, reports The Wall Street Journal.....

Shipping Watch Published 4y-10mo-2w-3d-10h-26m ago

Eagle Bulk vessel attacked by pirates off Ghana

A ship from Eagle Bulk has been attacked by pirates near Ghana. The crew is safe in the ship amp 39 s citadel, reports security firm Dryad Global. Dryad Global expects that desperation after several unsuccessful attempts could lead to even more attacks.....

Shipping Watch Published 4y-10mo-2w-3d-11h-21m ago

Concordia CEO fears new ship ordering rush in product tanker

Concordia Maritime CEO Kim Ullman calls on competitors in product tanker to resist the temptation to order new ships right now. amp 34 We have to refrain from ordering newbuilds in order to bring the market back in balance, amp 34 he tells ShippingWatch.....

Shipping Watch Published 4y-10mo-2w-3d-11h-53m ago

More than half of the world's container ships arrived late in December

A growing number of container ships arrive late, show new data from Sea Intelligence. In December, less than half of the ships arrived in ports on time. And there are no prospects of improvement before the second quarter, says the analyst firm.....

Shipping Watch Published 4y-10mo-2w-3d-13h-46m ago

Dof extends respite with creditors in limbo ahead of rescue plan

Norwegian offshore ship operator Dof will not have to pay installments and interest on most of its debt until the end of April. The company amp 39 s finances are severely strained, and it is working to settle a long term restructuring.....

Shipping Watch Published 4y-10mo-2w-3d-14h-19m ago

Gas ship operator launches world's largest LNG ship type

A London based gas ship operator will soon take delivery of the so far largest ship in the world that can both transport LNG and supply LNG as ship fuel.....

Shipping Watch Published 4y-10mo-2w-6d-6h-36m ago

Analyst firm: Stable rates make projected Maersk earnings look conservative

The continued high rates for container freight now make analysts amp 39 expectations for Maersk amp 39 s operating income in 2021 look conservative, assesses analyst firm Jefferies.....

Shipping Watch Published 4y-10mo-2w-6d-6h-37m ago

ONE earns nearly one billion dollars in lucrative container market

Ocean Network Express, like its competitors, has benefited from towering rates, which were turned into a profit close to USD 1 billion in the last quarter of 2020. However, far from all containers are shipped at record rates, notes shipping analyst.....

Shipping Watch Published 4y-10mo-2w-6d-7h-59m ago

Keppel splits offshore business in two and bets on green solutions

Singapore based yard group Keppel Offshore amp Marine, one of the world amp 39 s biggest suppliers of oil rigs, wants to divest its rig business and instead focus on construction of infrastructure and assets in renewable energy.....

Shipping Watch Published 4y-10mo-2w-6d-8h-43m ago

Navigare expands its fleet with the purchase of new tankers

Navigare Capital Partners, which is funded by Danish pension companies and has Robert Mærsk Uggla as an owner, buys two newer tankers. The company now owns 23 vessels across its two funds.....

Shipping Watch Published 4y-10mo-2w-6d-9h-38m ago

Two of Scandinavia's biggest banks now own ten offshore vessels

Banking majors SEB and DNB have become joint owners of ten offshore vessels. The purchase was made after a bankruptcy of Scorpio company, in which the banks were lenders, and serves as another example of creditors amp 39 entry into ownership in offshore.....

Shipping Watch Published 4y-10mo-2w-6d-10h-53m ago

APM Terminals boosts green transition for US container terminal

APM Terminals amp 39 container terminal in Port Elizabeth will work to reduce its carbon emissions by 45 percent in the coming year by using solar power and wind energy.....

Shipping Watch Published 4y-10mo-2w-6d-11h-43m ago

Scan Global makes acquisition in North America

Logistics company Scan Global Logistics makes a new acquisition, which according to CEO Allan Melgaard expands its presence in Mexico, China and North America.....

Shipping Watch Published 4y-10mo-2w-6d-12h-32m ago

Zim debuts on New York Stock Exchange with big drop

Container line Zim amp 39 s stock market debut in New York on Thursday did not get off to a great start, as the share begins with a drop.....

Shipping Watch Published 4y-10mo-2w-6d-13h-52m ago

Bimco sees imbalance in supply chains continuing into 2021

The current imbalance in the global logistics and supply chain will continue despite decreasing container rates, projects Bimco.....

Shipping Watch Published 4y-10mo-2w-6d-14h-17m ago

Tough fourth quarter sends Concordia Maritime into the red for 2020

Concordia Maritime earned a lot of money in the spring, but when the oil price war ended, rates and demand went down. This hit the Swedish product tanker operator with a full year deficit for 2020. The tanker market is not expected to recover before the second half of 2021.....

Shipping Watch Published 4y-10mo-3w-6h-3m ago

2020 Bulkers continues its streak of booking solid profits

For the fifth consecutive quarter, dry bulk carrier 2020 Bulkers delivers a solid profit, which particularly benefits the company amp 39 s shareholders.....

Shipping Watch Published 4y-10mo-3w-6h-32m ago

Multi-purpose operators benefit from offshore wind and red-hot container market

What had the potential to become another disappointing year for the specialized cargo and heavy lift carriers in mid 2020, turned out to be a surprisingly good year. ShippingWatch has interviewed the CEOs of AAL and United Heavy Lift about the current market.....

Shipping Watch Published 4y-10mo-3w-7h-21m ago

Big freight rate increases could boost Maersk's operating profit in first quarter

Maersk is likely headed for an operating profit of more than USD 6 billion in the first three months of the year and USD 10 billion for 2021 as a whole, projects Clarksons Platou Securities. A quarterly increase of 50 percent in freight rates could boost the operating profit.....

Shipping Watch Published 4y-10mo-3w-7h-48m ago

Easier crew changes compensate for sliding rates at Stolt-Nielsen's tanker operator

Toward the end of 2020, the burden of crew changes eased a bit, and this benefited chemical tanker operator Stolt Tankers at a time when tanker volumes were under pressure. The start of the year was challenging, but the shipping company remains positive about the longer term prospects.....

Shipping Watch Published 4y-10mo-3w-9h-32m ago

Departing Wärtsilä CEO puts faith in vaccine roll-outs after tough 2020

Order intake plunged almost 30 percent in the fourth quarter for Wärtsilä in an overall tough 2020 for the supplier. Early 2021 looks challenging, though the vaccine roll out is expected to have a positive impact later in the year.....

Shipping Watch Published 4y-10mo-3w-10h-59m ago

Here is Joe Biden's executive order set to double offshore wind by 2030 and make shipping greener

US President Joe Biden increases pressure on the shipping sector, which will be made greener. Specifically, he also sets a target of doubling US energy production from offshore wind by 2030. Read the full executive order here.....

Shipping Watch Published 4y-10mo-3w-12h-11m ago

Dan-Bunkering case to commence in October - court earmarks 18 court days

Dates have now been set for the case concerning Dan Bunkering amp 39 s alleged breach of EU sanctions against selling jet fuel to Syria, where the prosecutor is pursuing a prison sentence for the CEO. The oil group denies all allegations but looks forward to the case being presented in court.....

Shipping Watch Published 4y-10mo-3w-13h-18m ago

Zim lowers its equity offering and price target in IPO

Container line Zim has decided to sell fewer shares at a lower price in its New York IPO.....

Shipping Watch Published 4y-10mo-3w-13h-42m ago

Container lines use lucrative 2020 to pay down debt and not on new ships and acquisitions

The major European container lines spend the profits from the lucrative year 2020 on improving their debt and capital structures rather than on ordering new ships and making acquisitions, writes Alphaliner.....

Shipping Watch Published 4y-10mo-3w-14h-31m ago

EU working with several models for including shipping in quota system

There are several models for including shipping in the EU Emission Trading System in play, says the director of DG Clima. Solutions range from gradual to rapid phasing in. European shipowners prefer the former, but they warn against the plans.....

Shipping Watch Published 4y-10mo-3w-1d-6h-9m ago

Bunker Holding closes subsidiary's London office after tough year

A rough and unusual year means that Bunker Holding will have to make cuts to some of its services, now closing the London office of LQM Petroleum Services, a subsidiary of Bunker Holding. Activities will instead transfer to a US office.....

Shipping Watch Published 4y-10mo-3w-1d-6h-34m ago

Massive congestion in Long Beach is the wild card in the container sector

The large buildup of container ships off Long Beach and Los Angeles is having a ripple effect throughout the container sector, where an alliance has recently heralded canceled sailings. The bottlenecks are the wild card that will decide when the market normalizes, say Flexport and shipping analyst.....

Shipping Watch Published 4y-10mo-3w-1d-7h-17m ago

Wan Hai orders 12 container newbuilds and gains ground on competitor

Taiwan based Wan Hai Lines orders 12 new smaller container ships. This pushes the company a step towards taking over Zim amp 39 s position as the world amp 39 s 10th largest container line, says shipping analyst Lars Jensen.....

Shipping Watch Published 4y-10mo-3w-1d-8h-1m ago

Oldendorff joins development of rotor sails for dry bulk ships

Germany amp 39 s Oldendorff joins a project that tests vertical rotor sails on large dry bulk ships. The goal is to map barriers for the commercial use of the technology.....

Shipping Watch Published 4y-10mo-3w-1d-9h-21m ago

Jeff Bezos' fund is part of new association for more climate-friendly freight

A new partnership with money from, among others, Amazon founder Jeff Bezos amp 39 fund aims to speed up the green transition of the freight sector, including emissions from shipping. Ørsted and the companies gathered in the Getting to Zero Coalition also participate.....

Shipping Watch Published 4y-10mo-3w-1d-10h-29m ago

Keld Demant steps down as chairman of Global Risk ahead of strategy change

USTC amp 39 s risk management company Global Risk Management is working on a new strategy. In this regard, Keld R. Demant steps down as chairman of the company. The new chairman is already a member of the board.....

Shipping Watch Published 4y-10mo-3w-1d-11h-33m ago

Nicolas Sartini gets new job after leaving CMA CGM

Nicolas Sartini recently left CMA CGM after many years heading several of the group amp 39 s businesses. Now he will start a new job where he will maintain some of these ties.....

Shipping Watch Published 4y-10mo-3w-1d-12h-2m ago

Hapag-Lloyd reports operating profit of USD 3 billion in pandemic year

Container line Hapag Lloyd reports a result amp 34 significantly above amp 34 last year despite the coronavirus outbreak across the globe. The operating profit lands at slightly above USD 3 billion, show the preliminary figures for 2020.....

Shipping Watch Published 4y-10mo-3w-1d-13h-33m ago

DFDS' new major acquisition comes after years of courting the owner family

DFDS amp 39 large scale acquisition of Dutch HSF Logistics has been years in the making, as the Danish shipping group has been courting the owner family. DFDS has not faced competitors in the process, and CEO Torben Carlsen says the company is paying an attractive price.....

Shipping Watch Published 4y-10mo-3w-1d-13h-37m ago

IMF upgrades its global growth forecast

The IMF sees the world headed for a strong recovery following the downturn in 2020, and it thus upgrades its forecast for global growth this year.....

Shipping Watch Published 4y-10mo-3w-2d-6h-19m ago

United Heavy Lift establishes joint venture with Zech Fond for new ships

Multipurpose carrier United Heavy Lift establishes a joint venture with the wealthy foundation Gustav Zech Fond, which contributes the ships the shipping company has chartered for 14 years. The Zech name is not new in the specialized cargo sector.....

Shipping Watch Published 4y-10mo-3w-2d-6h-29m ago

MAN to supply engines for Hapag-Lloyd's new mega-ships

Engine manufacturer MAN Energy Solutions has been tasked with providing engines for Hapag Lloyd amp 39 s new series of mega ships, which are meant to be able to sail on LNG.....

Shipping Watch Published 4y-10mo-3w-2d-6h-50m ago

Hapag-Lloyd believes that container demand will remain high for the next six months

Uffe Østergaard, president of Hapag Lloyd America, describes 2020 in the container industry as hectic, surprising and challenging. He expects the demand will remain high for another half year.....

Shipping Watch Published 4y-10mo-3w-2d-7h-24m ago

Maersk Tankers venture now has 1,300 ships linked to its platform

Digital company Zeronorth, owned by founder Maersk Tankers and commodity trader Cargill, now has 1,300 ships linked to its platform, CEO tells Børsen.....

Shipping Watch Published 4y-10mo-3w-2d-8h-17m ago

BP drastically cuts oil exploration

The number of employees working to find new oil with British giant BP has diminished noticeably.....

Shipping Watch Published 4y-10mo-3w-2d-9h-24m ago


Sveaas' investment firm becomes one of the major owners of Trøim's Borr Drilling

Through investment firm Kistefos, Christen Sveaas has now become one of the biggest owners of Borr Drilling with a stake almost as big as that of founder Tor Olav Trøim, writes Dagens Næringsliv.....

Shipping Watch Published 4y-10mo-3w-2d-11h-9m ago

Diamond Offshore announces comprehensive restructuring plan

Yet another rig operator announces a comprehensive restructuring plan. This time, Diamond Offshore expects to soon leave US Chapter 11.....

Shipping Watch Published 4y-10mo-3w-2d-11h-56m ago

DFDS buys Dutch logistics company with 1,800 employees

Ferry and logistics operator DFDS buys company HSF Logistics, which provides cold chain logistics, for EUR 296 million. The company has an annual revenue of DKK 2.8 billion and 1,800 employees. The acquisition opens up for new growth opportunities, says CEO.....

Shipping Watch Published 4y-10mo-3w-2d-12h-26m ago

Shipping heavyweights join forces to solve crisis of stranded seafarers

More than 300 companies and organizations join forces in an initiative aimed at solving the crisis of stranded seafarers as quickly as possible. V.Group, BP, Cargill, BW Group and Trafigura are just some of the names involved, along with major shipping lines such as Maersk, Hapag Lloyd, MSC, Cosco, ....

Shipping Watch Published 4y-10mo-3w-2d-13h-5m ago

Maersk Broker in partnership with platform for alternative ship financing

Several major brokers, including Maersk Broker and SSY enter partnership with Infinity Maritime, which offers financing of smaller stakes in commercial vessels such as bulkers, tankers and container ships.....

Shipping Watch Published 4y-10mo-3w-3d-6h-36m ago

Unemployed supertankers are about to get junked on Asia's beaches

The coronavirus pandemic is paralyzing the market for VLCC supertankers, and the result is likely to be a surge in scrapping of the large vessels on the beaches in Southeast Asia.....

Shipping Watch Published 4y-10mo-3w-3d-6h-46m ago

Odfjell Drilling signs million-dollar contract with Lundin Energy

Odfjell Drilling and Lundin Energy have entered a declaration of intent for vessel Deepsea Stavanger, reports Finansavisen.....

Shipping Watch Published 4y-10mo-3w-3d-7h-18m ago

What is going on with Pacific Basin and Nordic CEOs?

Martin Fruergaard becomes the third Nordic CEO to head Hong Kong based dry bulk shipping company Pacific Basin since 2000. Why has the company again picked a Scandinavian And why Fruergaard, the chief executive of a gas ship operator ....

Shipping Watch Published 4y-10mo-3w-3d-7h-30m ago

Bunker supplier Peninsula expands in North Europe

Peninsula Petroleum expands its bunker business in North Europe with a new supply location in Skaw, Denmark.....

Shipping Watch Published 4y-10mo-3w-3d-8h-53m ago

Bunker Holding company sees fierce competition after oil price plunge

2020 was a dramatic and tough year for bunker supplier Glander International Bunkering. The oil plunge created tailwinds for smaller players in particular, and Glander International Bunkering thus hopes for increasing oil prices in 2021, CEO tells ShippingWatch.....

Shipping Watch Published 4y-10mo-3w-3d-9h-36m ago

Shippers with "low-value" goods hit hardest by soaring rates

Shippers sending the cheapest goods are hit the hardest by the towering container rates. There are too few containers and too little space on the ships, and shippers with amp 34 high value amp 34 commodities will push those with amp 34 low value amp 34 goods aside, writes Sea Intelligence.....

Shipping Watch Published 4y-10mo-3w-3d-10h-39m ago

Shippers and freight forwarders: EU to discuss red-hot container market with US and China

The EU has informed European shippers and freight forwarders that the container lines amp 39 currently huge price increases are not enough to launch an investigation into competition conditions. But the EU would like to discuss the market situation with competition authorities in the US and China,....

Shipping Watch Published 4y-10mo-3w-3d-12h-15m ago

OOIL raises USD 120 million for new ships and containers

Cosco owned OOIL raises USD 120 million through a share issue. The money will be used to finance ships currently under construction, and to buy containers.....

Shipping Watch Published 4y-10mo-3w-3d-13h-32m ago

One killed and 15 seafarers kidnapped in pirate attack on container ship in the Gulf of Guinea

The pirate attack Saturday on container ship MV Mozart in the Gulf of Guinea took a violent turn, informs security firm Dryad Global: On crew member was allegedly killed and 15 kidnapped by the pirates.....

Shipping Watch Published 4y-10mo-3w-3d-14h-18m ago

Seaspan brings in USD 200 million from sustainbility-linked bonds

Shipowner Seaspan makes its debut on the Nordic bond market, bringing in USD 200 million in fresh capital. The funds come from Seaspan amp 39 s issuance of so called sustainability linked bonds.....

Shipping Watch Published 4y-10mo-3w-6d-5h-59m ago

A new motorized bow turns tugboats into icebreakers

A removable electric bow is now in operation on a tug boat in Finland in a pilot project testing the efficiency of the technology. The bow can potentially turn ice strengthened vessels into icebreaker vessels for the winter season. ....

Shipping Watch Published 4y-10mo-3w-6d-6h-30m ago

Black Lives Matter stirred up a dilemma for the president of Hapag-Lloyd America

Civil rights movement Black Lives Matter raised a difficult dilemma for Uffe Østergaard, president of Hapag Lloyd America, in 2020 and constituted a greater leadership challenge than the coronavirus pandemic. Should he address it internally in the organization or not ....

Shipping Watch Published 4y-10mo-3w-6d-6h-40m ago

Kristian Siem loses ownership control of Siem Offshore

Siem Offshore has now its settled comprehensive and much awaited rescue plan. The plan means that the large investor Kristian Siem loses ownership control of the hard strained offshore ship operator.....

Shipping Watch Published 4y-10mo-3w-6d-7h-8m ago

DB Schenker resumes freight to UK – DHL suspends some freight in the other direction

Freight forwarder DB Schenker is yet again transporting goods from the EU to the UK after customs difficulties led the company to temporarily halt its service. Meanwhile, DHL suspends some of its freight modes in the other direction due to challenges.....

Shipping Watch Published 4y-10mo-3w-6d-8h-11m ago

MSC fired warning shot to ward off presumed pirate attack

Shipping line MSC was able to deter what could have presumably developed into a pirate attack. A boat was approaching an MSC container ship, but a warning shot made it turn away. The crew is safe.....

Shipping Watch Published 4y-10mo-3w-6d-9h-43m ago

Borr Drilling raises millions after securing approval for rescue plan

Rig operator Borr Drilling, which recently secured support for a rescue plan, raises USD 46 million through a share issue that represents a key condition for the rescue plan.....

Shipping Watch Published 4y-10mo-3w-6d-11h-49m ago

V.Group replaces CEO of ship management unit

Franck Kayser steps down as CEO of V.Group amp 39 s ship management activities to instead serve as managing director of the company amp 39 s Danish business. V.Group has found his replacement at rival.....

Shipping Watch Published 4y-10mo-3w-6d-13h-34m ago

New NGO to enforce standards created by Rightship and Intercargo

Organizations Rightship and Intercargo have joined forces to create new industry standards. A newly founded NGO will work to enforce the standards in safety, environment and operations, which are also supported by the International Chamber of Shipping.....

Shipping Watch Published 4y-10mo-3w-6d-13h-53m ago

Prosafe reaches deal with oil company after canceled contract

Hotel rig operator Prosafe, which is still in talks with creditors for a rescue plan, has now entered a compensation agreement with an oil company after a canceled contract.....

Shipping Watch Published 4y-10mo-3w-6d-14h-35m ago

Maersk exec: "We have seafarers that are afraid of pirates – that shouldn't be the case in 2021"

If the pirates in the Gulf of Guinea are to be dealt with, seafaring nations must band together and copy the almost ten years old approach from the Gulf of Aden, says Maersk amp 39 s head of safety. Security analyst agrees. Maersk has reached out to Hapag Lloyd and CMA CGM.....

Shipping Watch Published 4y-10mo-4w-6h-48m ago

Maersk ship is latest example of remarkable container losses in the Pacific

For the second time in just a short period, a container ship has lost a large number of containers in the Pacific. A Maersk ship is the latest example, and the incidents are noteworthy, says shipping analyst.....

Shipping Watch Published 4y-10mo-4w-7h-7m ago

Maersk is looking into the possibility of vaccinating its employees

Maersk is one of several large Danish companies that are now examining the options for vaccinating its employees working outside Denmark.....

Shipping Watch Published 4y-10mo-4w-7h-8m ago

Alba Tankers has bought new ships and made USD 16 million in five years

Tanker operator Alba Tankers, which was created out of OW Bunker amp 39 s dramatic collapse, has added millions of dollars to its bottom line, shows annual report. In recent years, the shipping company has bought new ships and increased its workforce by almost 100 people, executives tell ShippingWa....

Shipping Watch Published 4y-10mo-4w-8h-7m ago

Major bulk ships now earn more than five times more than supertankers

Large dry bulk ships have in the past month seen earnings grow, surpassing more than USD 25,000 per day per ship. This is more than five times what supertankers are currently making.....

Shipping Watch Published 4y-10mo-4w-9h-6m ago

This is Bourbon Offshore's strategy on how to emerge from the crisis

In an interview with ShippingWatch, Bourbon Offshore CEO Gaël Bodénès outlines the decisive components of the strategy for how to exit the crisis and empower one of the world amp 39 s biggest offshore carriers. amp 34 Smart amp 34 versus amp 34 non smart amp 34 vessels play a key role.....

Shipping Watch Published 4y-10mo-4w-10h-1m ago

Politicians want dockworkers in LA and Long Beach moved up in vaccination queue

Employees at the US amp 39 two biggest and currently extremely busy ports should be moved forward in the vaccination programs, so that the ports are not at risk of shutting down, say several politicians in the US.....

Shipping Watch Published 4y-10mo-4w-11h-21m ago

US blacklists oil traders and tankers for violating sanctions on Venezuela

A network of oil trading firms have now been sanctioned because it, according to the US authorities, has helped state owned Venezuelan oil company PDVSA selling oil worth hundreds of millions of dollars.....

Shipping Watch Published 4y-10mo-4w-12h-33m ago

Maersk ship loses 750 containers in the Pacific

750 containers went overboard on one of Maersk amp 39 s container ships. Harsh weather in the north Pacific is blamed. ONE also recently lost containers in the Pacific.....

Shipping Watch Published 4y-10mo-4w-13h-22m ago

Joe Biden signs decree returning the US to the Paris agreement

The US will rejoin the Paris agreement in which the countries of the world have set goals to limit global warming.....

Shipping Watch Published 4y-10mo-4w-14h-4m ago

Will Joe Biden benefit shipping? Chief executives disagree

Will Joe Biden amp 39 s presidency benefit shipping or will his influence be minimal ShippingWatch asks several executives from major container, tanker and dry bulk companies what they think, and their answers show that opinions differ.....

Shipping Watch Published 4y-10mo-4w-1d-6h-27m ago

Cyprus to lure in shipping companies with "green" tonnage tax

Cyprus will lower its tonnage tax significantly for shipping companies that are working to reduce their carbon emissions.....

Shipping Watch Published 4y-10mo-4w-1d-6h-59m ago

Singapore to make huge cash injection in PIL and dilute the ownership

The Singapore state is prepared to inject USD 600 million in struggling container line PIL. This will dilute the owner amp 39 s, the Teo family, stake to less than 15 percent, but it could well be a last resort, says the company ahead of a decisive meeting.....

Shipping Watch Published 4y-10mo-4w-1d-7h-9m ago

Martin Fruergaard replaces Mats Berglund as CEO of Pacific Basin

Mats Berglund steps down as CEO of Hong Kong based dry bulk operator Pacific Basin. He will be replaced by Ultragas Chief Executive Martin Fruergaard, says the shipping company.....

Shipping Watch Published 4y-10mo-4w-1d-7h-28m ago

Elon Musk's aerospace company buys two rigs from Valaris

SpaceX, founded by billionaire Elon Musk, just bought two rigs from Valaris. The plan is to use the rigs as floating offshore launch pads for the company amp 39 s rockets.....

Shipping Watch Published 4y-10mo-4w-1d-8h-7m ago

Scorpio Bulkers has now sold more than 26 ships as part of dry bulk exit

Scorpio Bulkers has been selling off ships in the past four months as part of its exit from the dry bulk sector. A total of 26 ships have gotten new owners, most recently two ultramax vessels.....

Shipping Watch Published 4y-10mo-4w-1d-9h-7m ago

Aker poaches Equinor wind chief

One of the top pioneers in the oil firm amp 39 s New Energy Solutions division switches to Norway amp 39 s most recent green convert.....

Shipping Watch Published 4y-10mo-4w-1d-10h-14m ago

Zim to raise triple-digit million dollar sum through US listing

Israeli container line Zim Integrated Shipping plans to sell shares for a triple digit million dollar sum with its listing in New York.....

Shipping Watch Published 4y-10mo-4w-1d-11h-12m ago

Hafnia's US-based methanol plant is rejected by environmental authorities

A planned large scale US based methanol facility, which has tanker operator Hafnia as a co investor, has been rejected by environmental authorities. The reason cited is that greenhouse gas emissions would be amp 34 extremely large amp 34 . Hafnia was set to transport some of the product to Asia. ....

Shipping Watch Published 4y-10mo-4w-1d-12h-1m ago

Crisis-stricken Borr Drilling gets green light for rescue plan

Hard pressed offshore company Borr Drilling secures creditor approval for its crisis plan. Banking major DNB recently announced that it was prepared to take over or sell the company, founded by Tor Olav Trøim, if a solution was not found.....

Shipping Watch Published 4y-10mo-4w-1d-12h-25m ago

Maersk Product Tankers divests the world's first ship equipped with rotor sails

Maersk Product Tankers sells tanker vessel amp 34 Maersk Pelican amp 34 , the world amp 39 s first tanker to be equipped with rotor sails in 2018 to reduce fuel consumption and CO2 emissions. Maersk Tankers saw a 28 percent improvement in pool partnership last year.....

Shipping Watch Published 4y-10mo-4w-1d-13h-44m ago

Equinor and Maersk Drilling continuously assess membership of oil lobbies

Oil major Equinor is considering whether the company should going forward continue as a member of oil association API, which Total recently opted to leave. Maersk Drilling also considers its membership as part of an ongoing assessment, the drilling company tells ShippingWatch.....

Shipping Watch Published 4y-10mo-4w-2d-6h-5m ago

Lundin and Wintershall emerge victorious from Norwegian licensing round

Norway amp 39 s government awarded 61 licenses to 30 oil companies on Tuesday. A long list of licenses were awarded to companies including Lundin and Wintershall.....

Shipping Watch Published 4y-10mo-4w-2d-7h-2m ago

Wärtsilä announces start date for new CEO

Wärtsilä amp 39 s incoming chief executive will soon assume his new position. He replaces Jaakko Eskola, who is set to retire soon.....

Shipping Watch Published 4y-10mo-4w-2d-7h-44m ago

Søren Skou expects to order Maersk's first carbon neutral vessels in three years

In just three years, Maersk expects to place an order for its first CO2 neutral vessels, explains CEO Søren Skou in a podcast about shipping amp 39 s green transition. At first, it will likely encompass smaller vessels for a amp 34 defined geographical area amp 34 .....

Shipping Watch Published 4y-10mo-4w-2d-8h-13m ago

CEO sees one impediment in particular for trending wind market

Shipping companies and suppliers flock to the trending offshore wind market, which looks ahead to significant growth in coming years. This also applies to Arne Blystad amp 39 s OHT, which, however, sees one impediment that risks delaying the boom, chief executive tells ShippingWatch.....

Shipping Watch Published 4y-10mo-4w-2d-9h-32m ago

Freight prices between China and Europe more than tripled

The costs of shipping a forty foot container from Asia to North Europe has increased to more USD 9,000, freight forwarders and importers tell Financial Times.....

Shipping Watch Published 4y-10mo-4w-2d-10h-33m ago

Maersk faces a financial litmus test once the container market stabilizes

Maersk is starting to see the rewards of its financial discipline, but the big test comes once the red hot container market stabilizes, the container major amp 39 s CFO tells Børsen.....

Shipping Watch Published 4y-10mo-4w-2d-11h-44m ago

Singapore is ready to vaccinate more than 10,000 maritime workers

Singapore expects to have vaccinated more than 10,000 people from the front line of the maritime sector by the end of January.....

Shipping Watch Published 4y-10mo-4w-2d-13h-15m ago

Analyst firm sees record-high LPG rates soften

The record high rates in the LPG are set to slide, projects Clarksons Platou. The rates recently peaked at USD 110,000 per day, but now a series of factors will pull them down, says the firm.....

Shipping Watch Published 4y-10mo-4w-2d-13h-33m ago

Unusual 2020 pushed millions of containers to the second half of the year

There was a big difference between the first and second half of the year for the container sector, as millions of containers were pushed to the second half of the year. This helped put pressure on the market, reports Sea Intelligence.....

Shipping Watch Published 4y-10mo-4w-2d-14h-20m ago

Major shipping nations disagree on military solution in Gulf of Guinea

The two large shipping nations Norway and Denmark disagree about whether to initiate military action in the Gulf of Guinea. 15 pirate gangs currently terrorize the waters, which has led to a surge in attacks in the past year.....

Shipping Watch Published 4y-11mo-6h-5m ago

Investment firms buy terminal in Rotterdam

Two large investment firms now buy Rotterdam Short Sea Terminals with the aim of growing and upgrading the terminal.....

Shipping Watch Published 4y-11mo-6h-11m ago

Bourbon Offshore saw activities diminish 20 percent in 2020

One of the world amp 39 s biggest offshore ship operators, Bourbon Offshore, settled a comprehensive restructuring one month ago. But the group now acknowledges that the offshore market dwindled significantly last year. ShippingWatch sat down with CEO Gaël Bodénès.....

Shipping Watch Published 4y-11mo-7h-28m ago

Waiting time off major US container ports surpasses large-scale conflict a few years ago

The two major ports on the US West Coast are now more congested than was the case a few years ago, when the ports were hit by a large scale conflict between port workers and employers.....

Shipping Watch Published 4y-11mo-8h-20m ago

Maersk center and Svitzer will work to convert green fuel into electricity

Alfa Laval, Svitzer and Mærsk Mc Kinney Møller amp 39 s Center for Zero Carbon are part of a new partnership with the Technical University of Denmark to develop a cell that can transform green fuel into electricity.....

Shipping Watch Published 4y-11mo-9h-31m ago

Analyst: Towering freight rates in container market are not due to blank sailings

It is not the container lines amp 39 blanking of sailings, which reduced capacity, that is driving the currently high freight rates. That is a myth, argues analyst firm Sea Intelligence.....

Shipping Watch Published 4y-11mo-10h-35m ago

Total withdraws from major US oil association

The French oil company can no longer see itself as part of the powerful US oil and gas industry association API as their targets do not align.....

Shipping Watch Published 4y-11mo-11h-39m ago

Coronavirus crisis gives boost to Tradelens

Maersk amp 39 s blockchain venture Tradelens has gained momentum during the coronavirus pandemic, as it has made customers realize that there were many gaps in their supply chains, Tradelens CEO tells Børsen.....

Shipping Watch Published 4y-11mo-12h-9m ago

Maersk Drilling finalizes contract with Total

A contract with Total to provide deep water drilling rigs has now been realized for Maersk Drilling. The contracts are worth around USD 100 million.....

Shipping Watch Published 4y-11mo-13h-26m ago

United Heavy Lift expands its fleet with eight newbuilds

United Heavy Lift, headed by Lars and Andreas Rolner and Lars Bonnesen, will expand its fleet with eight newbuilds in 2021 and 2022. The ships can transport, among other things, wind turbine blades of up to 120 meters, Lars Rolner tells ShippingWatch.....

Shipping Watch Published 4y-11mo-13h-33m ago

DNB after leaked backup plan on Borr Drilling: Rescue plan is still the primary goal

Major Norwegian bank DNB is actively working with Borr Drilling to find a rescue plan to avoid splitting up or divesting the company, the bank tells E24. The update comes a day after Dagens Næringsliv reported on a leaked backup plan from the bank.....

Shipping Watch Published 4y-11mo-3d-6h-16m ago

Outgoing chief exec of Wallem Group criticizes charterers in coal conflict near China

Frank Coles, CEO of ship management company Wallem Group, criticizes charterers that will not allow crew changes on the ships currently idled off China loaded with Australian coal. V.Ships CEO Franck Kayser sees signs that China has started to accept some Australian coal cargoes. Friday midday, it w....

Shipping Watch Published 4y-11mo-3d-6h-32m ago

OOCL's earnings soar on strong container market

OOCL amp 39 s earnings grew more than 51 percent in the fourth quarter. This growth was driven by the very strong container market in the Pacific and between Asia and Europe.....

Shipping Watch Published 4y-11mo-3d-6h-50m ago

Analyst expects strain on earnings for Frontline, Hunter and Nordic American Tankers

With new coronavirus lockdowns and output cuts at OPEC+, the next six months could take a toll on tanker operators amp 39 earnings. This applies to Frontline, Hunter Group and Nordic American Tankers, Cleaves Securities tells E24.....

Shipping Watch Published 4y-11mo-3d-7h-48m ago

China considers measures to increase capacity and stabilize container rates

China is breewing on a series of measures aimed at stabilizing the market and rates in container freight, says a spokesperson according to Lloyd amp 39 s List. The update comes shortly after the Chinese government announced aid for, among others, container makers.....

Shipping Watch Published 4y-11mo-3d-9h-48m ago

Maersk calls for increased military protection in piracy-plagued Gulf of Guinea

Maersk now calls on authorities to launch an amp 34 effective military capacity amp 34 in the Gulf of Guinea to increase safety for vessels and crews, Maersk amp 39 s head of safety tells ShippingWatch on the heels of two piracy attacks on Maersk vessels in less than a month.....

Shipping Watch Published 4y-11mo-3d-10h-19m ago

Seadrill company decides not to make interest rate payment

John Fredriksen amp 39 s struggling rig operator Seadrill cancels an interest rate payment on a loan through company Seadrill New Finance. The company is working on a comprehensive restructuring plan, which could go through court.....

Shipping Watch Published 4y-11mo-3d-10h-55m ago

Blystad's OHT opens in Denmark with former Maersk, Deme and Ørsted people

Arne Blystad amp 39 s offshore company OHT will open in Denmark later this year. The company has hired several experienced people with histories at Maersk Supply Service, Vattenfall, Ørsted and Deme to head the Danish expansion.....

Shipping Watch Published 4y-11mo-3d-12h-9m ago

Fuel trade almost halved in Asia in 2020

Covid 19, new sulfur requirements, lower exports to China and the collapse of commodity trader Hin Leong Trading in Singapore made bunker oil trade volumes drop 46 percent in 2020 compared to 2019, writes Reuters.....

Shipping Watch Published 4y-11mo-3d-13h-34m ago

Odfjell raises millions of dollars through green bonds

Norwegian chemical tanker carrier Odfjell has just succeeded in issuing a new bond totaling USD 100 million for the company. The bond is conditioned on the shipping company complying with its sustainability targets.....

Shipping Watch Published 4y-11mo-3d-13h-59m ago

Maersk ship attempted boarded by pirates in Gulf of Guinea

Wednesday evening, pirates attempted to board container ship Maersk Cardiff in the Gulf of Guinea, but a guard vessel was called and the attack averted, confirms Maersk.....

Shipping Watch Published 4y-11mo-4d-5h-59m ago

Danish Shipping hopes for special agreement to allow shipbreaking in India

Danish Shipping hopes that a special agreement between the EU and India can solve the slowdown that the Basel Convention has created in relation to getting Indian scrapping facilities approved. Brussels based NGO warns that the EU risks violating important principles.....

Shipping Watch Published 4y-11mo-4d-6h-9m ago

OSM Maritime on new corona restrictions: We are close to the situation seen in the spring

Coronavirus restrictions are tightening across the world, and the situation is close to where it was in the spring last year, says ship management major OSM Maritime. New lockdowns would be bad news for several markets, says analyst.....

Shipping Watch Published 4y-11mo-4d-6h-50m ago

Shell climbs to the top as the biggest bunker supplier in Singapore

Oil majors increasingly dominate the bunker market in Singapore, the world amp 39 s biggest bunker port, shows a new list that ranks suppliers by size. The list is topped by an oil supermajor, while a Hin Leong subsidiary lost the most during the year.....

Shipping Watch Published 4y-11mo-4d-7h-19m ago

Neon leaves Denmark after remarkable entry that led competing marine insurer to shut down

One of the more remarkable developments in Danish marine insurance has come to an end, as UK based Neon has sold Danish Orca to a Dutch competitor. The sale comes after years plagued by deficits.....

Shipping Watch Published 4y-11mo-4d-7h-56m ago

Interpol searching for captain and shipowner after huge explosion in Beirut

Lebanese authorities have asked Interpol to issue a red notice for the captain and owner of the ship, which was loaded with chemicals and ended up causing the huge explosion in Beirut last year that killed 200 people.....

Shipping Watch Published 4y-11mo-4d-8h-57m ago

OSM Maritime om nye corona-restriktioner: Vi er tæt på situationen i foråret

Over hele verden skærpes coronarestriktionerne, og situationen er ved at være den samme som i foråret, vurderer det store ship management selskab OSM Maritime. Nye nedlukninger vil være dårligt nyt for flere markeder, vurderer analytiker.....

Shipping Watch Published 4y-11mo-4d-9h-41m ago

Flexport: Red hot container market calls for 500,000 new containers

500,000 new containers need to be built to stem the currently red hot container market, freight forwarder Flexport tells Bloomberg. Satellite photos show a large number of container ships waiting in line off Los Angeles, reports the media.....

Shipping Watch Published 4y-11mo-4d-10h-17m ago

Oldendorff, Golden Ocean and Star Bulk still have ships waiting off China: "Completely unprecedented"

Major dry bulk carriers such as Star Bulk, Oldendorff and Golden Ocean have for months had ships loaded with Australian coal idled off China. The situation is completely unprecedented, Star Bulk president tells ShippingWatch, while Golden Ocean is now able to change the crew on board a single vessel....

Shipping Watch Published 4y-11mo-4d-11h-22m ago

Robert Uggla calls for moderation in Maersk boom: "Container shipping is a cyclical industry"

The CEO of APM Holding, Robert Mærsk Uggla, says in an interview with Børsen that, in the midst of the Maersk boom, one should not forget that the shipping line operates in a cyclical industry, and that the logistics ambition is far from realized yet.....

Shipping Watch Published 4y-11mo-4d-13h-17m ago

DFDS upgrades its 2020 guidance for the third time

Ferry and freight operator DFDS upgrades its guidance for the results for 2020 for the third time, citing the large British stockpiling that occurred in the fourth quarter 2020 ahead of Brexit.....

Shipping Watch Published 4y-11mo-4d-14h-18m ago

Trøim-owned tanker and gas company sold in billion dollar transaction

Infrastructure company buys tanker operator Golar LNG Partners and gas company Hygo in billion dollar deal. Sellers include Norwegian investor Tor Olav Trøim.....

Shipping Watch Published 4y-11mo-5d-6h-4m ago

Price of EU carbon quotas climbs to all-time high

The price of European carbon quotas is soaring, as the shipping sector is on track to soon be included in the system. Right now it costs USD 42 to emit a ton of carbon, the highest price ever. Maersk has asked the EU for permission to not pay at all.....

Shipping Watch Published 4y-11mo-5d-6h-22m ago

Svitzer kicks off 2021 with more questions than answers

Towage operator Svitzer faces an unpredictable year in which both the vaccine and Brexit could upend the entire business. Nevertheless, there are still factors that could trigger greater demand, says new managing director of Europe, Lise Demant.....

Shipping Watch Published 4y-11mo-5d-6h-33m ago

Bank DNB ready to act if Borr Drilling fails to settle rescue plan

If strained Borr Drilling is not able to settle a rescue plan, major bank DNB considers taking over or selling the company, shows a leaked document, according to Dagens Næringsliv. Founder Tor Olav Trøim is confident that a rescue plan will be settled.....

Shipping Watch Published 4y-11mo-5d-6h-58m ago

Denmark assumes responsibility of European naval effort in Strait of Hormuz

The joint European mission Emasoh in the Strait of Hormuz will be led by Denmark for the next six months. The joint mission was established after several merchant vessels were attacked with explosives in the strait in 2019.....

Shipping Watch Published 4y-11mo-5d-7h-52m ago

Media report Shell to dismiss over 300 in North Sea

As part of enormous cost cuts, the British Dutch supermajor plans to lay off 330 employees in the UK.....

Shipping Watch Published 4y-11mo-5d-8h-55m ago

MSC and Søren Toft join association working to develop hydrogen as future fuel

Container line MSC now shows its support of hydrogen by joining industry body Hydrogen Council, which works to develop hydrogen as fuel. Players such as CMA CGM, NYK Lines, Total and Shell are already members.....

Shipping Watch Published 4y-11mo-5d-10h-4m ago

Fidelity leads USD 2 trillion investor group seeking seafarer aid

Investor managing more than USD 2 trillion in assets now call of world leaders to address the ongoing humanitarian crisis at sea, where marine workers remain stranded due to Covid 19 travel restrictions.....

Shipping Watch Published 4y-11mo-5d-11h-17m ago

Minister's efforts to secure support for joint pirate effort in Gulf of Guinea fall flat

So far, no countries have been willing to back a Danish proposal for a joint military effort to combat piracy against ships in the Gulf of Guinea, Danish Defense Minister Trine Bramsen tells ShippingWatch.....

Shipping Watch Published 4y-11mo-5d-12h-20m ago

Scorpio Tankers enters several sale-and-leaseback agreements

Product tanker carrier Scorpio Tankers announces new commitments to sell vessels in order to lease them back again. The company has also received commitments on a USD 21 million loan to refinance debt.....

Shipping Watch Published 4y-11mo-5d-13h-32m ago

DHL's freight forwarding business lifts its result for full-year 2020

The freight forwarding business at DHL, Global Freight Forwarding, lifted its revenue and earned more money on operations in the latest fiscal year, show preliminary 2020 figures. The group raises its 2022 guidance.....

Shipping Watch Published 4y-11mo-5d-14h-8m ago

US crude exports did not result in the boost tanker carriers anticipated in 2020

Crude oil exports from the US were supposed to drive the tanker market in 2020, but the end result became something entirely different. This is one among several reasons why the market, according to brokerage Simpson Spence Young, faces a challenging year in 2021.....

Shipping Watch Published 4y-11mo-6d-6h-3m ago

The pandemic stress tested Maersk's new strategy and its customers' opinions

The pandemic became an involuntary stress test of Maersk amp 39 s new end to end strategy. Customer feedback has been better than expected, says CCO Vincent Clerc. General dissatisfaction with container lines otherwise increased in 2020.....

Shipping Watch Published 4y-11mo-6d-6h-35m ago

Norwegian tax cuts could create boom in oil projects in 2022

In a new analysis, bank SEB expects more investment decisions on the Norwegian shelf in 2022. Tax cuts for the country amp 39 s offshore sector particularly factor in.....

Shipping Watch Published 4y-11mo-6d-6h-50m ago

DSME fails to meet its order target for 2020

South Korean shipbuilder DSME shot somewhat below its order target for last year, according to a presentation. However, the yard saw increased newbuild activity in the fourth quarter.....

Shipping Watch Published 4y-11mo-6d-7h-9m ago

Hapag-Lloyd vessel attacked by pirates near South America

A container ship from German Hapag Lloyd was attacked off Columbia, during which pirates boarded the vessel, the container line confirms to ShippingWatch. All crew members are safe.....

Shipping Watch Published 4y-11mo-6d-8h-3m ago

Winter LNG boom creates most expensive cargo ships in history

An unprecedented shortage of LNG tankers made charter rates last week soar to the highest level ever seen for a ship to ferry commodities. Spot rates have more than tripled within the past month.....

Shipping Watch Published 4y-11mo-6d-8h-43m ago

Another senior executive leaves Trafigura and Fredriksen's bunker company

First CEO Anders Grønborg departed, and now another senior executive has decided to leave Trafigura and John Fredriksen amp 39 s joint bunker company TFG Marine, sources tell ShippingWatch.....

Shipping Watch Published 4y-11mo-6d-10h-11m ago

Brexit final dash reduces DFDS' setback in cargo volumes

The intense stock buildup in late 2020 means that DFDS amp 39 cargo volumes combined went down 1 percent compared to the year before.....

Shipping Watch Published 4y-11mo-6d-11h-2m ago

Ultraship to digitalize its sailing through agreement with Wärtsilä

Tanker operator Ultraship will digitalize its route planning and monitoring processes with an agreement with Wärtsilä to make its operations more efficient and to cut costs for the company amp 39 s 18 LPG tanker vessels.....

Shipping Watch Published 4y-11mo-6d-12h-33m ago

Hempel set to invest billions in growth plan

Over the next five years, coating producer Hempel plans to invest upwards of DKK 19 billion in a growth plan, reports Børsen. Renevue must be doubled over this period, says CEO.....

Shipping Watch Published 4y-11mo-6d-13h-57m ago

Owner of Minerva Bunkering buys majority of supplier in large deal

Mercuria, which among other things owns Minerva Bunkering, bolsters the company amp 39 s position in the energy transition with acquisition of US supplier of alternative fuels.....

Shipping Watch Published 4y-11mo-6d-14h-30m ago

Freezing weather in Asia sends energy prices soaring, catching markets off guard

Asia amp 39 s coldest winter in decades has upended energy markets across the continent, catching some companies flat footed and sending prices for electricity, fuel and vessels to record highs.....

Shipping Watch Published 4y-11mo-1w-6h-32m ago

Scorpio Tankers projects new recovery for product tanker

The world amp 39 s largest product tanker operator, Scorpio Tankers, expects significant growth this year in the demand for refined oil products. Closures of older refineries will contribute to growth in the product tanker market. Analyst is skeptical.....

Shipping Watch Published 4y-11mo-1w-6h-59m ago

New report shows difficulty in hitting EU's 2030 climate goals

The EU must triple the speed of cuts to achieve its CO2 emissions reduction target by amp 34 at least 55 percent amp 34 before 2030, according to a new think tank report skeptical of whether the objectives are feasible.....

Shipping Watch Published 4y-11mo-1w-7h-25m ago

2020's weak spring in the container market could be recovered in strong final stretch

If the current rally in the container market continues in December, combined demand for 2020 as a whole will approach the level of 2019 despite the big slide in the spring, reports Sea Intelligence.....

Shipping Watch Published 4y-11mo-1w-8h-25m ago

Iran wants frozen funds released following seizure of South Korean tanker

Iran says South Korea should avoid politicizing the case concerning the seizure of a South Korean tanker and demands that frozen Iranian oil funds be released, writes Reuters.....

Shipping Watch Published 4y-11mo-1w-10h ago

DFDS takes Oslo ferry temporarily out of service after new restrictions

Ferry operator DFDS takes the Oslo ferry out of service temporarily after new, tighter travel restrictions from the Danish government.....

Shipping Watch Published 4y-11mo-1w-11h-8m ago

Nearly 50 drilling rigs retired in 2020

In a tough 2020 for the drilling industry, more drilling rigs were sent for recycling compared to previous years, analyst tells Finansavisen.....

Shipping Watch Published 4y-11mo-1w-12h-5m ago

China's iron ore import could be the growth-driver in the dry bulk market in 2021

Dry bulk operators can now look forward to several golden years that are set to begin already now, projects Cleaves Securities. This is driven by a combination of few new ships and a large Chinese appetite for iron ore, the investment bank tells ShippingWatch.....

Shipping Watch Published 4y-11mo-1w-12h-33m ago

Analyst firm: Shippers should prepare for increase in bunker surcharge

Since November, fuel prices have increased significantly, which will likely bring back the so called BAF surcharges and should have shippers preparing for a hike in prices, says analyst firm.....

Shipping Watch Published 4y-11mo-1w-13h-29m ago

Port of Antwerp is testing sensors for autonomous ships

The port in Antwerp has joined forces with the city amp 39 s university to test 3D sensors for autonomous ships. The technology is inspired by bats amp 39 ability to navigate.....

Shipping Watch Published 4y-11mo-1w-14h-13m ago

Dry bulk index goes up more than 10 percent

Dry bulk index Baltic Dry grew 10.9 points Friday. Both Golden Ocean and Belships believe in an improved dry bulk market for the coming two years.....

Shipping Watch Published 4y-11mo-1w-3d-6h-18m ago

Cadeler looks ahead to enormous growth in the market for offshore wind installations

With an influx of USD 100 million in capital and well known names such as Connie Hedegaard on the board, Cadeler is prepared for growing within offshore wind. ShippingWatch has interviewed CEO Mikkel Gleerup about plans and challenges in a booming market.....

Shipping Watch Published 4y-11mo-1w-3d-6h-26m ago

Ship orders slump 50 percent with owners unsure which green fuel to use

The global ship order book has plunged, as owners are unsure which alternative fuel types to embrace as tighter environmental regulations loom. Most fuel alternatives are only in the trial stage and will not be scalable for at least a decade.....

Shipping Watch Published 4y-11mo-1w-3d-7h-11m ago

25-year-old rule prevents permissions for shipbreaking in India

There are still no Indian yards on the list of approved shipbreaking facilities currently being completed by the EU. And now a 25 year old convention blocks the process. The EU is trying to find a way around it.....

Shipping Watch Published 4y-11mo-1w-3d-7h-40m ago

Norwegian shipowners want Nigeria to resolve piracy issues in the Gulf of Guinea

Norway and Denmark are on the same page, says the Norwegian Shipowners amp 39 Association, in terms resolving the growing issues of pirate attacks and kidnappings of ships and seafarers in the Gulf of Guinea. But Norway says that Nigeria has the responsibility.....

Shipping Watch Published 4y-11mo-1w-3d-7h-48m ago

Close to half of shippers want more logistics partners in 2021

The coronavirus crisis has exposed supply chain weaknesses worldwide, which has led many shippers to look for more partners. Almost half of them want to increase their number of logistics partners in 2021, shows survey from Transport Intelligence.....

Shipping Watch Published 4y-11mo-1w-3d-9h-39m ago

Container spot rates increase for the 13th consecutive week

Spot rates in the container market continue to soar on the Asia Europe route. The rate index has now increased 189.6 percent since January 2020.....

Shipping Watch Published 4y-11mo-1w-3d-11h-33m ago

Northern Offshore Services provides seven ships for Ørsted

Swedish wind service operator expands its partnership with Ørsted to sail crews to offshore wind farms off the west coast of Britain on seven CTV ships.....

Shipping Watch Published 4y-11mo-1w-3d-12h-48m ago

Container volumes almost fully recovered despite large drop in the spring of 2020

The dramatic plunge in container volumes of 7.3 percent in the first five months of 2020 due to the coronavirus pandemic was almost regained in the rest of the year, shows a Bimco analysis.....

Shipping Watch Published 4y-11mo-1w-3d-13h-31m ago

Ceva Logistics expands reefer services with new acquisition in Morocco

Ceva Logistics has acquired a Moroccan company that will, among other things, strengthen the logistics operator amp 39 s reefer business. The move is part of an expansion of its presence in Africa, where the company also bought up last year.....

Shipping Watch Published 4y-11mo-1w-3d-14h-23m ago

71 dry bulkers remain idle off the coast of China with no prospect of offloading

The conflict between China and Australia, which prevents dry bulkers from offloading their Australian coal cargoes in China, continues unabated with no solution in sight. At present, 71 vessels are stranded while crews are calling on authorities to intervene. Things have gone from bad to worse, says....

Shipping Watch Published 4y-11mo-1w-4d-6h-15m ago

Odfjell issues green bonds for upwards of NOK 1 billion

Norway amp 39 s Odfjell buckles into the green transition with a new bond loan of between NOK 0.5 and 1 billion, which is linked to the tanker company reducing its carbon intensity by 50 percent ahead of 2030.....

Shipping Watch Published 4y-11mo-1w-4d-6h-37m ago

Rates for the largest gas vessels surpass USD 100,000 per day

Many gas ship operators only need rates of USD 20,000 per day to cover their costs, but in the past month, rates have hovered steadily at around USD 100,000 per day. BW LPG chief exec sees strong chances of this continuing a while into 2021.....

Shipping Watch Published 4y-11mo-1w-4d-7h-37m ago

Maersk appoints new head of green transition

Maersk tasks its current head of strategy with leading the green transition of the fleet, and it gathers key employees around him, reports Børsen.....

Shipping Watch Published 4y-11mo-1w-4d-8h-16m ago

Sale of three South Korean shipyards enters final phase

Only one out of the three South Korean shipyards put up for sale last year due to financial problems has managed to secure a final sales agreement.....

Shipping Watch Published 4y-11mo-1w-4d-9h-44m ago

Trafigura will lower its carbon emissions 30 percent by 2023 at the latest

Commodity trader Trafigura has set a carbon emission reduction target of 30 percent by 2023 at the latest, compared to emissions recorded in 2020.....

Shipping Watch Published 4y-11mo-1w-4d-10h-54m ago

Norwegian Shipowners' Association hopes for demand growth in 2021

Harald Solberg, CEO of the Norwegian Shipowners amp 39 Association, hopes for increased demand in the shipping sector in 2021. Solberg also reflects on a 2020 that was very challenging.....

Shipping Watch Published 4y-11mo-1w-4d-11h-50m ago

Saudi cuts prompt oil price increase

Saudi Arabia, the world amp 39 s biggest oil producer, has agreed to reduce its output for the next two months.....

Shipping Watch Published 4y-11mo-1w-4d-12h-26m ago

EU's shipping carbon quotas may come into force as soon as January 2022

Despite outspoken dissatisfaction from the shipping industry and suggestions of separate fees for the shipping industry, it looks like the EU will plough ahead with its plans to include the maritime industry in its Emissions Trading System, and it could even happen in just a years amp 39 time.....

Shipping Watch Published 4y-11mo-1w-4d-13h-39m ago

Scorpio Bulkers announces new name as part of dry bulk exit

The Monaco based company headed by Robert Bugbee plans to ditch the name Scorpio Bulkers as part of its strategy to exit the dry bulk market and instead go all in on the market for green energy and offshore wind.....

Shipping Watch Published 4y-11mo-1w-4d-14h-4m ago

Maersk prepares for a farewell to record high rates in first half of the year

The red hot container market with historic high rates will cool off during the first half of the year, projects Maersk CCO Vincent Clerc. Though he declines to project whether this will happen in the first or the second quarter.....

Shipping Watch Published 4y-11mo-1w-5d-6h-17m ago

Shipping shares on the Oslo Stock Exchange dropped 11 percent in 2020

In a challenging year for most industries due to the coronavirus pandemic, shipping shares were also severely impacted. The shipping share index on the Oslo Stock Exchange dropped 11 percent in 2020, with significant spread among the shares.....

Shipping Watch Published 4y-11mo-1w-5d-6h-33m ago

USTC-heir makes first move to adjust the organization

Nina Østergaard Borris, who is poised to one day take over the USTC organization and who became COO last year, now embarks on a process to adjust the organization. In part, this is done by moving part of Bunker Holding into USTC.....

Shipping Watch Published 4y-11mo-1w-5d-6h-59m ago

Hin Leong's court-appointed managers seek to freeze Lim's assets

Hin Leong Trading amp 39 s judicial managers have submitted an application to freeze all assets, shares and funds held by its founder Lim Oon Kuin and his two children in an effort to recoup USD 3.5 billion in debt from the collapsed oil trader.....

Shipping Watch Published 4y-11mo-1w-5d-7h-41m ago

Wallenius Wilhelmsen reactivates nine cold stacked vessels

Norwegian car carrier Wallenius Wilhelmsen wants nine currently cold stacked vessels to resume service. The company plans to do so in the first quarter of the year.....

Shipping Watch Published 4y-11mo-1w-5d-7h-56m ago

"It is time to take control of your supply chain"

On the back of a amp 34 miserable amp 34 year for shippers, it is time to take control of the supply chain. ShippingWatch has interviewed logistics profiles Bjørn Vang Jensen and Jochen Gutschmidt on how to regain power in the container market. If possible at all.....

Shipping Watch Published 4y-11mo-1w-5d-9h-15m ago

Upturn in Maersk's share price could continue until Chinese New Year

amp 34 Freight rates will go drown after the Chinese New Year in February. This is, however, included in our model forecasts. The discipline in the market should sustain stock prices, amp 34 writes Handelsbanken.....

Shipping Watch Published 4y-11mo-1w-5d-10h-11m ago

Final dash in 2020 drives order book for container ships above 10 percent

After years with limited growth, the global order book for new container ships is now growing again. A final dash in 2020 turned the last three months of the year into the quarter with the most orders in five years.....

Shipping Watch Published 4y-11mo-1w-5d-11h-28m ago

OPEC+ agrees to limit production with Saudi Arabia favoring output cut

While Saudi Arabia wants to take the heavy burden to limit production, other countries prefer to maintain output levels.....

Shipping Watch Published 4y-11mo-1w-5d-13h-20m ago

John Fredriksen appoints new CEO of Avance Gas

Kristian Sørensen, CEO of shipbroker Fearnleys, switches to Avance Gas, which is controlled by Norwegian shipowner John Fredriksen. He becomes the gas tanker operator amp 39 s third CEO in 10 months.....

Shipping Watch Published 4y-11mo-1w-5d-13h-53m ago

Boskalis acquires offshore service competitor

The Dutch offshore company expects to have earned back the purchase price in three years thanks to synergistic effects.....

Shipping Watch Published 4y-11mo-1w-5d-14h-30m ago

2020 was a dreadful year for raising capital in the shipping sector

A recovery in the shipping market is some ways off, projects investment bank Fearnley Securities. The past year was a dreadful period for raising capital in the sector, and this was due to the pandemic.....

Shipping Watch Published 4y-11mo-1w-6d-5h-55m ago

Robert Uggla takes over close to one fifth of Maersk Tankers from the family company

Robert Uggla amp 39 s personal company a few days ago took over ownership of close to one fifth of Maersk Tankers, which has till now been owned 100 percent by the family amp 39 s APM Holding.....

Shipping Watch Published 4y-11mo-1w-6d-6h-11m ago

Color Line sends home another 500 employees

Color Line sends an additional 500 employees home and has now sent home almost 1,500 in total. This time the reason is the shut down of a route between Kiel and Oslo following the introduction of new Covid 19 restrictions.....

Shipping Watch Published 4y-11mo-1w-6d-7h-13m ago

Corona restrictions are unchanged and the new normal for Cpt Debie Morera and his crew

The coronavirus has had large human and economic costs for crews and companies, and seafarers have probably suffered the most. Captain Debie Morera explains what happens when extraordinary precautions become the new normal onboard.....

Shipping Watch Published 4y-11mo-1w-6d-8h-5m ago

Shippers and freight forwarders call on EU to intervene in overheated container market

European shippers and freight forwarders call on the EU Commission to intervene in the container sector in light of the overheated market seen in the past many months. They say that the shipping lines amp 39 behavior is harmful to smaller shippers in particular. The shipping lines have previously ....

Shipping Watch Published 4y-11mo-1w-6d-8h-38m ago

South Korea deploys naval vessel to Strait of Hormuz

South Korea has deployed a warship to the Stait of Hormuz after the Islamic Revolutionary Guard Corps seized a South Korean flagged tanker Monday, citing pollution. South Korea demands that the ship and its 20 man crew be released.....

Shipping Watch Published 4y-11mo-1w-6d-9h-13m ago

Shipowners call off fears of UK becoming "European Singapore" after Brexit

Ahead of Brexit, shipowners and offshore companies in the EU feared that Great Britain would use its independence to create amp 34 Europe amp 39 s Singapore amp 34 with low taxes. Now Danish Shipping calls off this worry.....

Shipping Watch Published 4y-11mo-1w-6d-10h-5m ago

Odfjell is optimistic about chemical tanker in 2021 on the heels of the best result in 12 years

In 2020, Odfjell likely surpassed one billion dollars in revenue and doubled its operating result to USD 125 130 million. amp 34 We have an optimistic view of the chemical tanker market in 2021, but we amp 39 re not naive, amp 34 CEO Kristian V. Mørch tells ShippingWatch.....

Shipping Watch Published 4y-11mo-1w-6d-10h-32m ago

Evergreen container ship loses 36 containers

A ship from container line Evergreen has lost 36 containers. The incident occurred when ship Ever Liberal was hit by bad weather after departing from Busan, South Korea on the day before New Year, headed for Los Angeles.....

Shipping Watch Published 4y-11mo-1w-6d-13h-35m ago

Lightship opens office in Singapore and hires former Ifchor director

Shipbroker Lightship opens its ninth office, which will be located in Singapore. And the company has also hired a new head of panamax for its office in Geneva. The goal is to become a amp 34 power factor amp 34 in panamax, explains Chairman Morten Have.....

Shipping Watch Published 4y-11mo-1w-6d-14h-6m ago

Mærsk-konkurrent tabte 36 containere

Ulykken skete, da skibet amp 34 Ever Liberal amp 34 , blev ramt af uvejr, efter det dagen før nytår havde forladt Busan i Sydkorea med kurs mod Los Angeles.....

Shipping Watch Published 4y-11mo-2w-1h-56m ago

Shipping stocks fell 26 percent in 2020

Shipping stocks fell 26 percent in 2020, the median performance of 76 shipping equities shows, according to a Clarksons Platou analysis. The year also brought intense swings.....

Shipping Watch Published 4y-11mo-2w-5h-55m ago

Zim to raise USD 100 million with New York IPO

When Israeli container line Zim, according to plan, is listed in New York, the company aims to raise USD 100 million, which will be used for investments in ships and digital initiatives.....

Shipping Watch Published 4y-11mo-2w-6h-14m ago

Iran seizes Korean oil-products tanker in the Persian Gulf

Iran has seized a South Korean flagged tanker, used to carry oil products and chemicals, in its territorial waters, citing amp 34 repeated violations of marine environmental laws. amp 34 ....

Shipping Watch Published 4y-11mo-2w-6h-45m ago

Pacific Drilling exits Chapter 11 following successful restructuring

Rig company Pacific Drilling now says that it has exited its Chapter 11 process on the heels of a successful restructuring, lender approval of its plan and a final approval from a US bankruptcy court.....

Shipping Watch Published 4y-11mo-2w-7h-5m ago

Mine found on tanker vessel near Iraq

A mine was found on a tanker ship off the coast of Iraq. According to a security firm, it is unknown whether the mine was active, but the incident is the latest in line of tanker vessels being hit by similar events in the Red Sea.....

Shipping Watch Published 4y-11mo-2w-7h-28m ago

Bjørn Vang expects long-term contracts to increase by up to 50 percent

For years, Bjørn Vang Jensen sat across the table from container lines to renegotiate contracts as a representative of Electrolux. He cannot rule out that the contracts set to be entered soon could increase by up to 50 percent as a result of the current rate boom.....

Shipping Watch Published 4y-11mo-2w-7h-34m ago

Container lines' weak reliability in the US is exaggerated

Even though container lines amp 39 schedule reliability on all global trade routes reached a historic low on average in 2020, the ability to arrive on time on, for instance, the major routes to the US is no worse than the 10 year norm, writes Sea Intelligence.....

Shipping Watch Published 4y-11mo-2w-9h-53m ago

Kuehne + Nagel gets approval for sale of British business unit to US competitor

British regulators have approved Kuehne + Nagel amp 39 s sale of a business unit in Great Britain to US based XPO.....

Shipping Watch Published 4y-11mo-2w-10h-35m ago

Here are five decisive things to keep an eye on in 2021

Everyone will be watching to see when the coronavirus vaccines start to really have an effect. But beyond this, there are several decisive issues to keep an eye on during the year, which could have a big impact on shipping, logistics and offshore. ShippingWatch provides an overview.....

Shipping Watch Published 4y-11mo-2w-11h-1m ago

Arne Fredly sees many shipping companies as "pure fraud"

Norwegian shipping magnate Arne Fredly, who controls Hunter Group, among other businesses, calls it a amp 34 sad story amp 34 to be an equity investor in the shipping industry. He says that upwards of 80 percent of stock listed shipping companies are amp 34 pure fraud amp 34 .....

Shipping Watch Published 4y-11mo-2w-12h-43m ago

Argentinian labor strike is over - 162 dry bulkers were hit

A 20 day labor strike in Argentina is over, after the disputing parties have reached an agreement, reports Reuters. 162 dry bulk vessels were hit.....

Shipping Watch Published 4y-11mo-2w-5d-6h-20m ago

Two container lines in particular expanded their fleets in 2020

Eight of the world amp 39 s 12 largest container lines expanded their fleets this year. Two shipping lines in particular accounted for the biggest fleet growth in teu, while things looked different for the world amp 39 s biggest container line, Maersk, writes Alphaliner.....

Shipping Watch Published 4y-11mo-2w-5d-6h-55m ago

Chief executives eye better days ahead for dry bulk

The CEOs of Golden Ocean and Belships expect to see better times for the dry bulk market in 2021 and 2022, reports Finansavisen.....

Shipping Watch Published 4y-11mo-2w-5d-7h ago

Maersk's share price is back at its former glory

After a highly unusual year that ended with a historic recovery for the container lines, Maersk amp 39 s share price ends at a level that has not been seen in years. Analyst does not project this will last far into 2021, but it could rub off on the shipping company amp 39 s contracts.....

Shipping Watch Published 4y-11mo-2w-5d-9h-21m ago

Shipyards receive another order for ultra-large container ships

A Chinese company has just ordered four ships of 24,000 teu, which will likely be chartered to MSC, writes Alphaliner. This comes at a time when Hapag Lloyd and ONE have also announced new mega ships.....

Shipping Watch Published 4y-11mo-2w-5d-11h-8m ago

Maersk Broker merges several activities

Maersk Broker combines three activities from the turn of the year. This happens as part of a strategy to strengthen its profile in these areas, says the broker.....

Shipping Watch Published 4y-11mo-2w-5d-11h-47m ago

ShippingWatch will be closed for New Year

ShippingWatch will be closed for New Year. We will be back on Monday, Jan. 4 with the latest news from the global shipping sector.....

Shipping Watch Published 4y-11mo-2w-5d-12h-15m ago

This year's most read stories: Maersk and DB Schenker, Toft's new job, cyber attack

Maersk amp 39 s break from major German customer DB Schenker and the cyber attack om CMA CGM attracted the most readers on ShippingWatch in 2020. In an unusual year characterized by the coronavirus pandemic, other big stories were the red hot container market, Søren Toft amp 39 s start at MSC and....

Shipping Watch Published 4y-11mo-2w-5d-12h-29m ago

Toft on departure from Maersk: I felt ready to try something new

After 25 years with Maersk, Søren Toft was ready for new challenges, says the new MSC Chief Executive in an interview with Børsen, wherein he puts some words on his talks with MSC amp 39 s owner, the Aponte family.....

Shipping Watch Published 4y-11mo-2w-5d-13h-23m ago

Siem Offshore still waits for clarification from its Brazilian creditors

Siem Offshore is in the midst of a refinancing, which requires backing from many lenders. But it has proven difficult for the shipping company to get its Brazilian creditors on board, writes Finansavisen.....

Shipping Watch Published 4y-11mo-2w-6d-5h-55m ago






Stena Line once again sails passengers from the UK

France now permits drivers to sail from the UK with their cargoes, while the Netherlands opens to British passengers following a short lockdown implemented to curb the spread of a coronavirus mutation.....

Shipping Watch Published 4y-11mo-3w-5d-10h-43m ago



Conoco Phillips reports major oil discovery in Norway

US oil giant Conoco Phillips has just made a large oil discovery in the North Sea. This is the company amp 39 s fourth Norwegian oil find in 16 months.....

Shipping Watch Published 4y-11mo-3w-5d-13h-17m ago

DFDS employees awarded shares worth USD 18 million

8,000 employees at DFDS each receive 50 shares in the Danish ferry operator. Currently worth DKK 110 million, the shares will vest over a period of three years.....

Shipping Watch Published 4y-11mo-3w-6d-6h-12m ago

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