The industry continues to face the challenge of highly volatile overbooking rates with an average of 20-30%, making it difficult to plan operations.
Maersk Spot offers transparent prices and loading guarantee while ensuring higher operational predictability and stronger...
The Baltic Briefing has released a report about the dry bulk market of the 9th week of shipping activities of this year. The report dated 28th February highlights the plight of the dry bulk market at the on-sight of...
The World Health Organisation recently declared the novel coronavirus a public health emergency of international concern.
Companies will need to consider their obligations in response to government announcements, the level of business disruption and other commercial risks arising...
The Baltic Briefing has issued the tanker report for the 9th week of this year. The report dated 28th February 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
The Middle East market...
Frontline's net profit for the October-December period rose fourfold year-on-year to an 11-year high of $108.8 million.
The group warned that its results in the near term would be hurt by the coronavirus outbreak.
A dividend of $0.4...
As the coronavirus crisis continues, and begins to impact global share prices, Maersk’s guidance for a mid-point lower ebitda of $200m less than 2019 looks increasingly inadequate, writes LoadStar reporter Mike Wackett.
No one Can predict Coronavirus Impact
However, in fairness...
In a major development, A.P. Moller - Maersk has announced that they have secured a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks, says a press release published on their website.
This is the...
First Ship Lease Trust sells crude oil tanker FSL Shanghai, receiving the initial 10% deposit in escrow.
The disposal is scheduled to take place before the end of March 2020.
Though the value of sale was not revealed,...
$61m loss in Q4 dragged Maersk to an overall net loss of $44m last year and expects a 'really weak' Q1 20.
Revenue from operations was slightly down on the previous year, at $38.9bn and contribution from ocean...
In a major development, Maersk CEO has forecasted a massive rebound in the next 2 months as the coronavirus outbreak peaks, reports Safety4Sea.
The company is ready for this rebound and has positioned itself to brace it, says CEO, Soren...
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