Maersk’s record breaking year ends on a muted note
In line with its earlier guidance, A.P. Moller – Maersk (Maersk) delivered a full-year 2022 revenue that was increased by 32% to $81.5 billion, while EBIT increased by 57% to $30.9 billion
Markets
Dynagas LNG Partners ice class LNG carrier awarded new Equinor time charter
Athens headquartered Dynagas LNG Partners LP (NYSE: DLNG) reports that it has entered into a new time charter party agreement with Equinor ASA for the employment of the 2013 built ice class
Putin’s oil exports capped at $60/barrel: Now what?
There are interesting times ahead in the tanker market. From December 5, the European Union ban on imports of Russian oil will kick in, with a minor exception for Bulgaria, which has
Maersk: Record results, but “dark clouds” warning
Container shipping and logistics giant A.P. Moller – Maersk (Maersk) today again reported record results, but analysts seemed to be more focused on CEO Søren Skou’s cautionary words about dark clouds on
World Energy Outlook paints scenarios with major implications for shipping
The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system,
Singapore mega merger could be completed by year’s end
The proposed merger of Singapore’s Sembcorp Marine and Keppel O&M is being put on a faster track. The original plan, which would have seen the creation of a combined entity, has been
Liner operators ask EU to extend vessel sharing exemption
The World Shipping Council (WSC), the International Chamber of Shipping (ICS), and the Asian Shipowners’ Association (ASA) have made a submission to the European Commission seeking an extension of the Consortia Block
Ukraine grain exports grow, but Putin isn’t happy with where they’re going
In the 40 days since July 22, when Russia and Ukraine signed a UN sponsored 120-day deal brokered by Turkey, 2.1 million tonnes of grain have been exported through the Ukrainian ports
Algoma Central in four product tanker JV with Furetank
St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) and Donsö, Sweden, based Furetank have entered into a joint venture (JV) agreement to construct four dual-fuel ice class 1A 17,999 DWT climate
BIMCO: Changes ahead for coal export patterns?
On August 9, the Indonesian Energy and Mineral Resources Minister announced that 71 coal mining companies failed to meet their domestic market obligations, and that 48 of them are now banned from