The Carbon Tracker Initiative launched a report according to which in order to "deflate" the carbon and protect investors, oil and gas companies have to shrink, meaning that they have to combine their production by more than a third...
According to a Loadstar article, the Maersk departure decision is the toughest decision in Søren Toft's life.
The article highlights how it all began.
While checking the rocketing share price of AP Møller-Mærsk (APMM) – up 35% from the multi-year lows...
Hamburg-based MPC Capital has announced the acquisition of a 50% stake in tanker chartering specialist Albis Shipping & Transport, says an article published in IPE Real Assets website.
Strategic stake acquired
The real assets manager said it acquired the “strategic stake”...
The Baltic Briefing has released a report about the dry bulk market of the 46th week of shipping activities of this year. The report dated 15th November highlights the plight of the dry bulk market at the on-sight of...
According to an article published in The Loadstar, the peak trade season has turned out to be a damp squib.
Upgradation to EBITDA guidance
Notwithstanding “slower global demand growth” and “lower freight rates” – indeed, the peak season turned out to...
Maersk’s third quarter is characterised by improved profitability across the business. Earnings before interest, tax, depreciation and amortization (EBITDA) improved 14% to USD 1.7bn in the quarter, reflecting an increase in EBITDA margin to 16.5%, says an article published...
According to a Reuters report, shipping firm MSC has poached rival A.P. Moller-Mærsk’s former head of operations Soren Toft to become its new chief executive officer, Danish media ShippingWatch reported on Friday, citing unidentified sources.
Maersk said earlier this...
According to a Ship Technology report, Royal Caribbean International’s first Quantum Ultra-Class ship Odyssey of the Seas is set to debut in Florida, US, next year.
Odyssey of the Seas
Royal Caribbean’s Odyssey of the Seas is being built at Meyer...
Damen held the keel-laying ceremony for WSA KOBLENZ’S new diving bell ship, says an article published in their website.
Keel laying ceremony
The keel-laying ceremony has been held at Europoort Construction in Hendrik Ido Ambacht for the diving bell vessel ordered...
According to an article published in The Loadstar, Hapag-Lloyd has appointed Mark Frese to replace Nicolás Burr as its chief financial officer.
Mark Frese to take over Hapag-Lloyd
Mr.Frese will join Hapag-Lloyd’s executive board on 25 November and take over Mr....
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