Maersk Shows Increased Operational Profitability in Third Quarter!
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...
MSC Poaching Maersk’s Ex-COO Toft As CEO?
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...
New Research Puts the Clock Back on Slow Steaming and Speed Reduction
According to a new research report commissioned by campaign groups Seas At Risk and Transport and Environment, decreasing ship speeds could improve human health, benefit the environment by cutting carbon emissions, and reduce whale...
The First Eastbound Volume Declined in 10 Years, Transpacific Hit by Trade War
The lack of developments on negotiations between China and the US on tariffs is expected to contribute to the first full-year decline in volumes on the headhaul eastbound transpacific trade since the global financial...
A 100 Barge Fleet Will Ship Clean Marine Fuel for Sinopec!
According to a Reuters report, China’s Sinopec Corp plans to build a fleet of 100 barges over the next three years to supply marine fuel compliant with new global emission standards, said a Chinese...
Cruise Giant Set To Sail Its First Quantum Ultra-Class Ship
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...
Damen, Europoort Lay Keel for Unique Diving Bell Ship
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...
ICCT Findings That Created a Stir at IMO
The calls to limit ship’s power have suffered a setback in the tortuous week on shipping’s decarbonisation path at the headquarters of the International Maritime Organization (IMO), reports Ship & Bunker.
Limit ship’s engine power
In...
Euronav’s Anchored Supertanker To Become Asia’s Refuelling Hub
A Euronav NV-owned supertanker anchored along Asia's busiest shipping route is set to become a refuelling hub as the company seeks to secure cheaper fuel for its fleet ahead of new industry rules, reports...
Torm Postpone Some Scrubber Installations Until 2020 Due To Delays
Copenhagen-headquartered products tanker operator Torm, in its latest quarterly report, says it has decided to postpone some scrubber installations to the first and the second quarter of 2020, reports Marine Log.
Scrubber installations
Torm says it...