Higher bunker prices and lower average freight rates have dampened AP Moller-Maersk’s performance.
Danish group expects to generate net proceeds of USD5 billion from the separation of Maersk Drilling and earlier deals involving Maersk Oil and Maersk Tankers
South Korea’s main LNG procurement company will invest nearly USD9 billion by 2025 to expand natural gas capacity and related infrastructure as the country moves towards clean energy. Another USD1 billion will go towards developing LNG bunkering and hydrogen-fueled cars.
Strategic moves by Golden Ocean, DS Norden, and J Lauritzen have encouraged optimistic views on the dry bulk market.
SITC posted a stable first half as the intra-Asia carrier saw an increase in average container shipping freight rate.
The Oslo Stock Exchange is making a second attempt to delist EMAS Offshore Limited, after having done so in February.
Danish owner books LNG carrier pair at Samsung HI.
While the region’s ferry operators struggle against rising fuel prices and falling passenger numbers, the freight sector is making gains.
Danish company’s fleet renewal programme also includes two combined freight and passenger ferries to be delivered in 2021 for deployment in the Baltic route network.
DS Norden has called this one of the market’s “most challenging” periods in a decade.
Dutch dredging company says retiring the closed-stern ships will result in a structural improvement in operating results.
About 50 shipping companies and more than 70 ships linked to North Korea are now subject to US sanctions, which have been introduced since 2014.