Maersk Plans Layoffs To Build Non-Ocean Services?
Denmark’s A.P. Moller-Maersk A/S to slash hundreds of jobs and plans to invest more heavily in inland logistics services, reports The Wall Street Journal.
Why job cuts planned?
Denmark’s A.P. Moller-Maersk A/S will slash hundreds of...
Ship Owners Reluctant To Offer More Tonnage for Recycling
According to few of the shipbrokers, the demolition market hasn’t been up to the levels required since the start of the year, with ship owners reluctant to offer more tonnage for recycling.
Shipbroker Clarkson’s View
Lack...
Marine Credit Firm To Provide In Depth Fuel Insights
Leading bunker industry publication Ship & Bunker and SeaCred announced a new cooperation agreement to develop a number of new intelligence products for stakeholders in the marine fuels industry, says an article published in...
Two International Shipping Companies To Pay $1.8 Million Criminal Penalty
Shipping companies to pay $1.8 million in Delaware Valley oil pollution case, reports DelawareBusinessNow.
What is the violation?
Two shipping companies incorporated in Liberia pleaded guilty in federal court in Wilmington
to failing to notify the...
Maersk Wins Customer Service Award, 2 Years in a Row
Maersk won the prestigious Customer Service Award at the 2019 Global Freight Awards, says a press release published on their website.
The Global Freight Awards are the industry’s flagship awards programme that recognises and rewards...
A Downtrend for Ex-Wharf HSFO Bunker Premiums
The Singapore ex-wharf premium for 380 CST high sulfur bunker fuel extended its downtrend to a four-month low at Asian close Thursday, S&P Global Platts data reported.
This comes at a juncture when demand shifts...
Pirates Abduct 18 Sailors Off Nigeria Coast
Eighteen Indians on board a Hong Kong-flagged vessel were kidnapped by pirates near the Nigerian coast, reports NDTV.
The Hong Kong-flagged ‘VLCC, NAVE CONSTELLATION’ was attacked by pirates during the evening hours of December 3...
Shippers Angry of EC Block Exemption Regulation Extension
According to a LoadStar report, shippers have “slammed” the EC’s recent decision to renew the consortia block exemption regulation (CBER) for four years, claiming it ignored the views of exporters and importers.
More Policing for...
Unifeeder Takes a Major Stake in the Feedertech Group
Unifeeder, a 100% owned subsidiary of DP World, has announced the acquisition of a 77% stake in the Feedertech Group, reports Investegate.
Emergence of end-to-end logistics capability
The deal is expected to close in the first...
Year End Witnesses a Plunge in Oil Market
Crude oil prices were up in Asia-Pacific markets as Chinese manufacturing data came in stronger than expectations, reports Freight Investor Services.
Deeper production cuts
The weekend just gone brought news that China’s large, state-linked manufacturing sector...