Maersk Secures Sustainability-Linked $5 Billion Credit Facility
Shipping giant A.P. Moller – Maersk says it has secured a $5 billion revolving credit facility that will be tied to its environmental performance.
Shipping giant A.P. Moller – Maersk says it has secured a $5 billion revolving credit facility that will be tied to its environmental performance.
By Michael Shields GENEVA, Feb 26 (Reuters) – Tanker charter rates have plunged more than 80% as the coronavirus outbreak slams the brakes on major
CARACAS, Feb 25 (Reuters) – Armed assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern
Hong Kong-based owner and operator Seaspan has surpassed the one million TEU mark with the purchase of four modern containerships for approximately $367
By William Mathis (Bloomberg) — French energy company Total SA is hiring in the U.K. and Denmark to prepare to compete for government contracts for
Norwegian energy firm Equinor says it is halting exploration drilling in the Great Australian Bight offshore southern Australia. The move comes after a
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By Richard Clough (Bloomberg) — The shipping industry will remain volatile for most of 2020 as the coronavirus outbreak in China upends the global
By Ira Breskin – The Liquid Natural Gas bunkering era is here. That’s the loud and clear message sent last week at the LNG for 2020: Fueling
KPI Bridge Oil says it has agreed to acquire OceanConnect Marine creating a leading bunker business with 170 employees across 15 global locations. The
By Bloomberg News (Bloomberg) — The gusts of wind cascading across China’s seas have the potential to power its populous coastal provinces many times
DUBAI, Feb 23 (Reuters) – Naval forces from the Saudi-led coalition fighting in Yemen on Sunday foiled an “imminent terrorist” attack by the
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By Antonio Vanuzzo and Laura Benitez (Bloomberg) — The coronavirus outbreak is threatening to scupper a debt refinancing for the world’s third-largest
Wilhelm Wilhelmsen, owner of the Wilhelmsen Group, has passed away at the age of 82, the group announced Sunday. Wilhelm Wilhelmsen was the fourth-generation
By Kate Duguid NEW YORK (Reuters) – The impact on cruise companies’ earnings from canceled trips, steep discounts and ships quarantined over
By Gavin van Marle – Shipping lines that have invested in scrubber technology to comply with the IMO 2020 low-sulphur regulations may be forced to
By Captain William Doherty – The recent tragic chain of events regarding the financial irresponsibility of the owners of one the largest U.S. coastwise
By Krystal Chia (Bloomberg) — The global shipping industry has run into very rough waters in 2020 as the virus crisis that’s engulfed China and roiled
By Jonathan Saul LONDON, Feb 20 (Reuters) – A new “freshwater” charge that came in this month to help the Panama Canal cope with climate
By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, the world’s largest container shipping company, is positioning itself for a strong rebound
By Jonathan Saul LONDON, Feb 20 (Reuters) – China is struggling to resume normal trade operations as fallout from the coronavirus outbreak hits
The American Pilots’ Association has sent a letter to state pilotage authorities across the United States on behalf of approximately 1,200 American ship
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By Captain George Livingstone – There has been a lot of work in the last few decades directed toward accident prevention in marine transportation. We
By Gleb Gorodyankin and Polina Devitt MOSCOW/LONDON, Feb 19 (Reuters) – The United States on Tuesday ramped up pressure on Venezuela by blacklisting a
By Ayai Tomisawa and Rie Morita (Bloomberg) — In Japan’s gusty northeast, a power company is looking to fund offshore wind projects with a landmark
COPENHAGEN, Feb 19 (Reuters) – Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and
By Salvatore R. Mercogliano, Ph.D. On July 7, 1895, the barque Arago arrived in San Francisco with four of its crewmembers in irons. The deckhands had
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