Container Lines Reap Profits Despite COVID-19
Q2 financial reporting season is in full swing among container lines.
Q2 figures published by listed container lines reveal a very different story.
AP Moller – Maersk, reported an EBITDA increase of 25%...
Supply Cuts in LSFO Show Stable Bunker Demand
According to an article published in Platts, with supply cuts across the Asian low sulfur market and stable bunker demand in Singapore, margins have improved slightly from July, although market participants indicated August 24...
CMA CGM Dispatches ‘A Humanitarian Ship for Lebanon’
CMA CGM Group’s ro-ro vessels have been dispatched to Lebanon.
It has mobilized its expertise to transport the load to the nation battered by an explosion.
It will transport relief provided by NGOs,...
Captain of Ship in Mauritius Oil Spill Arrested
Captain of the ship that spilled hundreds of tonnes of oil off the coast of Mauritius has been arrested.
He has been charged with endangering safe navigation.
Crew members were questioned as a...
S. Korean Shipyard Bags US$409 million New Build Order
Korea Shipbuilding bags US$409 million order for 10 petrochemical carriers.
The 50,000-ton vessels will be built by Hyundai Mipo Dockyard Co., and delivered by February 2023.
A new shipyard building is in progress...
Chartwell, Diverse & HST Join Hands in Reducing Overall Carbon Footprint
Chartwell Marine seal a contract to design and deliver a new hybrid Chartwell 24 CTV for HST.
Reduces vessel emissions and fuel consumption to ensure compliance with air quality legislation and reduce the...
Container Shipping Giants CMA CGM & Hapag Lloyd Revise Service Charges
CMA CGM’s increased freight of all kinds (FAK) rates will be in effect from 1 September and not beyond 30 September.
The Marseille-based carrier will apply the following FAK rates, effective from 3...
Maersk Predicts a Pre-Covid Volume Return Amid “Massive Problem”
Maersk announced a significant increase in operating earnings in Q2.
Forecasts to see a return to pre-COVID cargo volume levels within a year's time.
Operating earnings improved by 25 % marking the eighth...
Weekly Tanker Report – Week 34, 2020
The Baltic Briefing has issued the tanker report for the 34th week of this year. The report dated 21st August 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter...
Covid 19 Pushing Singapore Port To Strategize for Carbon Emissions
Due to covid 19 the shipping activity in Singapore has come to a stand-still except for a few.
On the other hand it seems to be opportunity to maritime industry to double down...