Shipping

Hapag-Lloyd has announced positive COVID-19 cases on board two of its U.S.-flagged ships. The German container shipping group said the cases were confirmed on

By Andy Hoffman and Laura Hurst (Bloomberg) –The billionaire CEO of Gunvor Group told staff the firm thrived during the oil market meltdown caused by the

By Mike Wackett (The Loadstar) – With the containership charter market in the doldrums, demolition sales have picked up, with reports of a number of

By Mike Wackett (The Loadstar) – After better-than-expected first-quarter results, ocean carriers have upgraded their financial guidance, despite the

French shipping group CMA CGM says it is simplifying its transpacific trade network by removing APL from the trade and naming CMA CGM as the group’s

COPENHAGEN, July 6 (Reuters) – Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns

By Ann Koh (Bloomberg) –Sharp swings in container freight rates are likely to continue this quarter as shipping companies struggle to gauge demand amid

By Mike Wackett (The Loadstar) – The Ocean Alliance has overtaken the 2M alliance, adding the market share lead on the Asia-Europe tradelane to its

By Jonathan Saul LONDON, July 1 (Reuters) – Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis

By Wendell Roelf CAPE TOWN, June 30 (Reuters) – CMA CGM, the world’s fourth-largest container shipping line, will impose emergency congestion

By Sheela Tobben (Bloomberg) –The Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in

The U.S. Coast Guard is searching for a crew member of a tanker approximately 400 miles east of Cape Hatteras, North Carolina. Watchstanders at the Coast

By Mike Wackett (The Loadstar) – Ocean carrier optimism is being driven by higher freight rates and cheaper fuel – but tumbling charter hire costs are

By Mike Wackett (The Loadstar) – Notwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have

By Frances Schwartzkopff and Christian Wienberg (Bloomberg) –A.P. Moller-Maersk A/S said the development in the second quarter has been better than the

COPENHAGEN, June 17 (Reuters) – A.P. Moller-Maersk , the world’s top container shipping firm, said on Wednesday that market demand was developing

By Gavin van Marle (The Loadstar) – MSC is set to roll-out a customer carbon offsetting programme it has been trialling since last year. Since early

By Jonathan Saul LONDON, June 16 (Reuters) – Hundreds of thousands of weary seafarers stuck on ships for many months and unable to go home due to the

By Luc Cohen and Marianna Parraga CARACAS/MEXICO CITY, June 12(Reuters) – Last year, China replaced the United States as the No. 1 importer of oil from