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Maritime

Companies

Maersk sees Europe close to a recession with US not far behind

portnews -
  The Copenhagen-based company said it expects global container demand to decline 2% to 4% this year, compared with previously guiding demand at the lower...
Maritime

Capesize shipments of Guinean bauxite jump 27.4% YTD

portnews -
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasingly depleted bauxite reserves, this shift has resulted in an...
Maritime

Baltic index slides for 12th session on sluggish capasize demand

portnews -
The Baltic Exchange’s dry bulk sea freight index (.BADI) extended its losing streak to a 12th session on Thursday, pressured by waning capasize rates...
Container

Containers: Continued downwards trend

portnews -
Asia to US East Coast is also declining, but at a slightly slower pace, and therefore the spread between the two is increasing. There...
Maritime

BIMCO Drafts Emissions Trading Scheme Allowances Clause for Time Charter Parties

portnews -
BIMCO, which provides most standard ship charter parties or leasing contracts, recently drafted a clause that makes charterers responsible to pay for vessel emissions...
Companies

World’s largest container shipping firm Maersk, a barometer for global trade, warns of ‘dark clouds on the horizon’

portnews -
Maersk, the world’s largest container shipping firm, on Wednesday posted record profit for the third quarter on the back of high ocean freight rates,...
Maritime

Carriers consider laying-up box ships as blanking fails to prop up rates

portnews -
The idled containership fleet has breached the 1m teu capacity milestone – and is set to jump significantly higher as carriers prepare to temporarily...
Companies

INEOS signs long-term time charter agreements with Pacific Gas for four 99,000 cubic metre Very Large Ethane Carriers (VLECs)

portnews -
INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, have signed long-term time charter agreements for four 99,000cbm (cubic metre) VLECs (Very...
Companies

SFL – Acquisition of Car Carrier with long term charter

portnews -
SFL Corporation Ltd. (NYSE: SFL) (SFL) announced today that it has agreed to acquire a Pure Car Truck Carrier (PCTC) in combination with a...
Cruise Yacht Ferry Boat

ExxonMobil Books Maersk Nomad SSV for Operations in Guyana

portnews -
  U.S. oil major ExxonMobil has chartered the Subsea Support Vessel (SSV) Maersk Nomad for a minimum one-year contract, supporting its field development activities offshore...
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