Corner of the Maersk building

Higher bunker prices and lower average freight rates have dampened AP Moller-Maersk’s performance.


Maersk Innovator

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


KOGAS

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. 


Golden Ocean CEO Birgitte Ringstad Vartdal

Strategic moves by Golden Ocean, DS Norden, and J Lauritzen have encouraged optimistic views on the dry bulk market.


SITC

SITC posted a stable first half as the intra-Asia carrier saw an increase in average container shipping freight rate.


Lewek Constellation

The Oslo Stock Exchange is making a second attempt to delist EMAS Offshore Limited, after having done so in February.


Samsung Heavy Industries shipyard

Danish owner books LNG carrier pair at Samsung HI.


Viking Grace

While the region’s ferry operators struggle against rising fuel prices and falling passenger numbers, the freight sector is making gains.


DFDS vessel

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.


Kim Ullman, CEO of Concordia Maritime

DS Norden has called this one of the market’s “most challenging” periods in a decade.


Boskalis chief executive Peter Berdowski

Dutch dredging company says retiring the closed-stern ships will result in a structural improvement in operating results.


Trump and Kim in June 2018

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.