Shipping

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

PARIS, June 5 (Reuters) – CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from

By Mike Wackett (The Loadstar) – Demolition markets in the Indian subcontinent have now largely reopened and are preparing for a new wave of

PARIS, June 2 (Reuters) – French-based CMA CGM, the world’s fourth-largest container shipping group, said on Tuesday it would aim to become carbon

The Digital Container Shipping Association has published its IoT connectivity interface standards for shipping containers. The DCSA is a neutral, non-profit

The biggest and most powerful LNG-fueled engine ever built has been approved for use on board the first vessel in a series nine 23,000 TEU containerships owned