Business

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PSA has found irregularities during an audit regarding Maersk Drilling’s application. It was for an acknowledgement of compliance for Maersk Inspirer. The audit was conducted digitally through presentations, interviews, and a review of video material over Skype. PSA...
Indian government has recently revised its Make in India Policy for public procurement, among others, of all services. Under the revised policy, no global tender enquiry shall be issued for the procurement of all services with estimated value...
Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets, writes BIMCO CEO, Peter Sand, in an article published...
In a major development, Oslo-listed feeder owner and operator MPC Container Ships has announced that they are looking to amend the terms of its $200 million bond issue and collect fresh cash in order to mitigate the negative impact...
Maersk Tankers is resetting its business model as it tries to navigate volatile energy markets. The company is offloading dozens of product tankers into a shared pool arrangement. It plans to transfer its ownership to a separate entity. ...
  NYK Joins Maersk Mc-Kinney Moller Center for Zero Carbon Shipping to promote decarbonization through alternative fuels conversion, says a press release published on their website. Center for Zero Carbon Shipping NYK plans to officially become a founding member of the Maersk...
Last week, Alibaba joined the International Port Community Systems Association’s (IPCSA) blockchain bill of lading initiative as part of the Logistics Visibility Task Force. The task force was set up by Alibaba, LOGINK, and IPCSA to develop digital logistics solutions and...
Maersk is strengthening its forwarding credentials with a top 3PL hire. This time it’s DB Schenker losing Ditlev Blicher, who joins the shipping line as regional managing director for Asia Pacific. A.P. Møller-Maersk appoints a new regional managing director...
According to a Seatrade Maritime News report written by Barry Parker, the pandemic is driving major changes in the world specially in terms of how do we do business and transport. Keeping that in mind they spoke with port...
Mitsui O.S.K. Lines with two of its group companies, and other consortium members have jointly applied to the Nippon Foundation to fund demonstration voyages to test underlying technologies for autonomous sailing within fiscal year 2020, reads a press release...
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