Maersk lifted its full-year earnings outlook.
Freight rates are high due to chaotic conditions in the global supply chain.
Boxship shortages and port logjams combined with high demand pushed freight rates to record levels.
Maersk now expects full-year...
Klaveness Combination Carriers ASA("KCC") has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market.
The contract for shipment of clean petroleum products (CPP) has a duration of one...
Operations at South African ports are returning to normal following this week’s cyber-attack, although Maersk is omitting a call at Port Elizabeth.
The Maersk Vallvik, at anchor off Durban, will not call at Port Elizabeth but unload import...
DSV Panalpina has reported increased revenues and operating profits (ebit) in its interim half-year 2021 financial results.
The forwarding giant said its performance was driven by 18% growth in gross profit and a high productivity across all divisions.A...
The U.S. Maritime Administration has awarded Crowley Maritime Corporation with a multi-year, $638 million Vessel Acquisitions Management contract.
Crowley will assist MARAD in acquiring and managing vessels for the Ready Reserve Force (RRF), helping to reduce the overall...
New York-listed Costamare is rapidly moving into the dry bulk sector with the acquisition of an additional 21 vessels, says a Company Annual Meeting reports published on their website.
About Costamare's acquisitions
The ships acquired include the 2012-built, 83,500 dwt Spring...
Yang Ming Marine Transport Corp. takes delivery of an 11,000 TEU scrubber-fitted container vessel as part of its efforts to upgrade Trans-Pacific service, says a press release published on their website.The vessel YM Travel is chartered from Shoei Kisen...
Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping company, is currently in discussions with companies to purchase ten 13, 000 TEU vessels, reports Marine Monks.
The $1 billion deal
The company’s spokesperson told, “We can confirm that we are in ongoing negotiations...
GasLog Partners has signed a time charter agreement with TotalEnergies.
This deal extends the charter for ship GasLog Seattle to TotalEnergies. GasLog’s New York-listed spinoff GasLog Partners has signed a time charter agreement with French energy major TotalEnergies, reports...
Brussels has laid out the path to the EU becoming the world’s first economic bloc to hit net zero greenhouse gas emissions by 2050 in an attempt to limit global warming, reports California News Times.
Ending the reliance on fossil...
