Shippingwatch

Iran blacklists 45 tankers, threatens fines and cargo confiscation

Iran’s Persian Gulf Strait of Hormuz Authority also warns that ships trading with the blacklisted tankers may face consequences.

Maersk's Farrell Lines awarded share of US army billion-dollar contract

Seven shipping companies, one of them US registered Farrell Lines, are awareded sealift contracts potentially worth USD 2.7bn.

World Bank calls for USD 12bn annual ports investments in East Asia

One million tons of cargo moved is associated with 300 jobs in port hinterlands, a new report by the bank shows. Container carriers already call…

CK Hutchison files lawsuit against Panama over port dispute

The Hong Kong-based company operated ports in the Panama Canal for 30 years until Donald Trump criticized the Chinese presence there.

Investors worried after injunction for shipping fund: "They are supposed to sell us trust"

A number of current and former investors in the shipping fund European Maritime Finance are concerned after an injunction for misleading marketi…

MOL buys 10% stake of Taiwan offshore wind farm from CIP

The Japanese shipping company has purchased 10% interest in an offshore wind project of almost 500MW from the Danish infrastructure fund. Projec…

DFDS signs freight agreement with the Danish military

The contract extends the scope of an existing contract and starts in 2026 with a term of up to six years.

Inspection of Chinese ship in Danish sea area is completed

Representatives from five countries attended the investigation of a Chinese ship in the sea area Kattegat - located between the Danish peninsula…

Danish minister will fight for a high CO2 levy on shipping

The Danish minister for business will work diligently towards having IMO vote in favor of a CO2 levy on shipping and a stiffened climate goal fo…

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover…

University launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is alrea…

EU countries ready for CO2 quota negotiations – but without a shipping fund

After marathon negotiations, EU member countries passed a mandate late Tuesday for inclusion of shipping into the union’s emissions trading syst…

EU presidency seeks to postpone deadline for new shipping quota demands

After a surprising rejection in relation to EU’s quota trade system, ETS, the union’s French presidency now opens up to postponing demands for w…

J. Lauritzen appoints Kristian Mørch as new CEO

Lauritzen Fonden’s investment company, J. Lauritzen, appoints Odfjell’s former top executive Kristian Mørch as new CEO. According to the foundat…

Eneti's subsidiary signs contract with Dutch marine contractor

Eneti's Seajacks lands a contract in Europe with Dutch marine contractor, Van Oord, which during the charter period will generate revenue of abo…

Nicklas Fursund could represent the shipping man of 2030

Nicklas Viby Fursund found himself between two worlds when he left a senior position at Maersk Line and the entire shipping industry to pursue h…

DFDS delivers Q2 pre-tax profit of DKK 495 million

DFDS increased its operating profit by 12 percent in the second quarter to DKK 495 million, according to the interim report. "We are pleased wit…

Scandinavian banks still weighed down by oil sector

Nordea and Danske Bank once more had to impair their loans to shipping and oil. Problems in the oil sector, which seems to be recovering, were a…