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Saturday, October 5, 2024
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UNCTAD set to support countries under new landmark treaty on high seas

After 15 years of negotiations, UN member states agreed on landmark new treaty on 4 March to protect marine biodiversity on the high seas....

GE Shipping targets $40,/day from each of its vessels next year

GE Shipping’s offshore division is set to break even as the entire offshore fleet will get re-priced, as per a report by B&K Securities....

U.S. natgas drops 5% to 25-month low on forecasts for less heating demand

U.S. natural gas futures plunged about 5% to a fresh 25-month low on Friday on forecasts for less cold weather and lower heating demand...

DSV says farewell to yet another Panalpina managing director

DSV says goodbye to yet another executive from its Swiss acquisition, Panalpina. The latter's managing director for Denmark steps down from his position. He...

Asia Container Trade: China container trade market struggles with slow market pickup

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to...

Oil settles down $2/bbl, ends week lower on Fed worries, ample supply

Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could...

Analysts say DSV could redivest one part of Panalpina

DSV's acquisition Panalpina transports a lot of perishable goods, and this business could be harder to make money from than regular container freight. Could...

China set for record crude oil imports in 2023

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following...

Forties diffs rise on bid

North Sea Forties crude oil differentials rose on Friday to reflect a bid from Gunvor, while no offers or deals were seen. MARCH LOADINGS PLATTS WINDOW Indications...

DSV expects operating profit of nearly USD 1 billion for 2019

DSV expects its operating profit for the entire year 2019 to come to USD 986 million after its acquisition of Swiss Panalpina earlier this...
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