Wednesday, November 18, 2020
Maersk ship
Shipping

Maersk Starts $1.6 Billion Share Buyback After Guidance Raised

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S has launched a $1.6 billion share buyback program, as the world’s biggest container shipping company says the Covid crisis has so far...

November 18, 2020
Total Views: 1450

madrid maersk
Shipping

Maersk Confident About Container Shipping Recovery In 2021

By Jacob Gronholt-Pedersen COPENHAGEN, Nov 18 (Reuters) – Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had...

November 18, 2020
Total Views: 4234

Tuesday, November 17, 2020
maersk ship
Maritime News

Maersk Raises Guidance Ahead of Earnings Release

By Alastair Reed (Bloomberg) –A.P. Moller-Maersk A/S raised its guidance for a second time since October as the world’s biggest container shipping company enjoys stronger demand than feared amid the...

November 17, 2020
Total Views: 1623

IMO Headquarters london
Shipping

IMO Approves Extra Steps to Curb Shipping Emissions

By Jonathan Saul LONDON, Nov 17 (Reuters) – The United Nations shipping agency on Tuesday approved measures to boost energy efficiency in vessels as part of efforts to reduce the...

November 17, 2020
Total Views: 1559

Monday, November 16, 2020
ship's bridge
Maritime News

Australia to Return to Pre-Covid Maximum Shipboard Service Limits for Seafarers

Australia is set to end interim regulations that have allowed seafarers to work beyond the maximum time limits set out in international maritime labor regulations amid the COVID-19 crisis. The...

November 16, 2020
Total Views: 585

IMO greenhouse gas emissions
Environment

Shipping Industry Proposes $5 Billion Program to Help Decarbonize Shipping

The global shipping industry is urgently calling on governments to move forward on a proposal for a $5 billion industry-financed research and development program that would help accelerate zero-carbon fuels...

November 16, 2020
Total Views: 593

Maritime News

Historic LNG Bunkering Operation Completed in Rotterdam

The LNG-powered CMA CGM Jacques Saadé has marked a new milestone as it completed its first LNG bunkering in Rotterdam. CMA CGM said called the operation the largest LNG bunkering...

November 16, 2020
Total Views: 561

container port
Maritime News

Carriers Accused of ‘Using Pandemic to Boost Profits’ as Asia-Europe Rates Explode

By Mike Wackett (The Loadstar) – Container freight rates from Asia to Europe are going through the roof, mirroring the trend on the transpacific, with regulators seemingly unable to stop...

November 16, 2020
Total Views: 1207

container shipping
Maritime News

Surprise Cargo Surge Could Surpass Last Year’s Holiday Period

By Richard Weiss and Christopher Jasper (Bloomberg) — Freight carriers including container shippers and cargo airlines say global demand is building toward a seasonal peak that could outstrip last year’s...

November 16, 2020
Total Views: 401

Ocean Rebellion protest outside the International Maritime Organisation headquarters in London
Environment

Ocean Rebellion Protestors Bring Gasoline And Matches To IMO HQ

by John Konrad (gCaptain) The London Headquarters of the International Maritime Organization (IMO), was besieged again by Ocean Rebellion protestors on Monday, decrying the agency’s failure to act on climate change...

November 16, 2020
Total Views: 860

Friday, November 13, 2020
Maritime News

IMO’s Maritime Safety Committee Addresses Crew Change Crisis – Better Day for Seafarers Coming and Going

By Barry Parker – Repatriation of seafarers has been one of the most vexing issues facing the maritime industry throughout 2020, as Covid-19 has ravaged the world. Port States, however...

November 13, 2020
Total Views: 583

Maritime News

China Oil Giant Unipec Eyes New Supertankers to Shrink Fuel Glut

By Sharon Cho, Elizabeth Low and Ann Koh (Bloomberg) –China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers...

November 13, 2020
Total Views: 505

hapag-lloyd containership
Maritime News

Hapag-Lloyd Sees Higher Earnings on Cheaper Fuel and Recovering Demand

By Vera Eckert FRANKFURT, Nov 13 (Reuters) – German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in...

November 13, 2020
Total Views: 140

Thursday, November 12, 2020
Maritime News

CMA CGM to Expand LNG-Powered Fleet to 26 Vessels

PARIS, Nov 12 (Reuters) – Container shipping group CMA CGM will expand its use of liquified natural gas (LNG) to 26 vessels, it said on Thursday, as part of efforts...

November 12, 2020
Total Views: 233

Tuesday, November 10, 2020
Environment

BP and Orsted Team Up on Green Hydrogen Project in Germany

By Laura Hurst (Bloomberg) — Two of Europe’s largest energy companies, BP Plc and Orsted A/S, said they’d join to develop an industrial-scale electrolyzer to make hydrogen as a green...

November 10, 2020
Total Views: 145

Monday, November 9, 2020
vlcc tanker
Maritime News

Ownership Shake-up at Tanker Pool Operator Heidmar

Heidmar Chief Executive Officer Pankaj Khanna has taken full control of the tanker pool management company from shipping billionaire George Economou. The company announced Monday that Mr. Pankaj Khanna has...

November 9, 2020
Total Views: 82

container port
Interesting

Danaos a Big Winner as Containership Charter Rates Soar

By Mike Wackett (The Loadstar) – With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and...

November 9, 2020
Total Views: 357

cargo containers
Maritime News

Container Crunch Roiling Transpacific Trade

By Brendan Murray (Bloomberg) — The humble shipping container has a new status in the Covid-19 pandemic: hot commodity. Shortages of the ribbed steel boxes that have plied the global...

November 9, 2020
Total Views: 310

Friday, November 6, 2020
IMO greenhouse gas emissions
Interesting

IMO Charting Passage Plan for Reducing Shipping’s ‘Carbon Intensity’

By Barry Parker – Over the past year, “sustainability” has ratcheted upward to the top of the shipping industry’s radar. The activity will be ramping up now as the International...

November 6, 2020
Total Views: 298

Thursday, November 5, 2020
Maritime News

Venezuelan Oil Tanker Undergoes Repairs in Cuba After Catching Fire

Nov 5 (Reuters) – An oil tanker owned by Venezuelan state oil company Petroleos de Venezuela’s maritime division is undergoing repairs in Cuba after suffering a fire while discharging last...

November 5, 2020
Total Views: 247