Container shipping

Carriers are increasingly going public in recent months regarding their realisations and their plans in the digitalisation field.

 Maersk COO Søren Toft

Following the acquisition of Hamburg Süd, Maersk now has the scale and it makes sense for us to go through the (Panama) canal and serve the Caribbean market, says Toft

AS Felicia

The company’s vast appetite for tonnage and its determination to outbid other suitors is causing growing frustration among other buyers, according to brokers.

From left: Sovcomflot director David Moorhouse; Evgeny Ambrosov, senior executive vice-president of SCF Group; Mark Quartermain, vice-president of Crude Trading for Shell; Grahaeme Henderson, vice-president for Shipping and Marine at Shell.

Vessels are part of a series of six such ice class 1A tankers SCF Group has under construction and due for delivery between the third quarter of 2018 and first quarter of 2019.

BP logo

Greater use of autonomous vehicles will cap oil demand growth while LNG trades are expected to double over the next 25 years, UK oil giant BP said in its annual Energy Outlook released on 20 February.

The 1998-built Hyundai Sun

South Korea's second-largest shipping company Hyundai Merchant Marine offloads its last VLCC for demolition.

ECSA general secretary Martin Dorsman

ECSA warns that without a suitable agreement UK and EU ports risk heavy traffic snarl-ups as disused reporting formalities and cargo checks are reintroduced.

Jeddah Islamic Port

The move is part of expansion plans that will see the installation of semi-automated terminal equipment and the relocation of logistics depots to sites outside the heavily congested port.

Golden Ocean vessel

Newbuilding deliveries are set to slow down and the prospects for the global economy are good.

VLCC hull

The effect of the sulphur cap on tanker demand could be positive in the long term, analysts suggest.

cyber attack

The main threat to shipping from cyber attackers coms from those aiming to make financial gain, says expert.

Cadets being trained on ship bridge simulation

Singapore’s maritime industry will receive an additional SGD12.6 million (USD9.6 million) that will go toward training the next generation of seafarers. 

Maersk CEO Soren Skou

Skou expects 2018 and 2019 to deliver strong returns for the line as broad-based global growth has led to a 5% increase in container movements, more than the 2–4% initially forecast.