Maritime

What was behind the historic rise and sudden fall in global LNG floating storage?

Marine Money analyst says 2019 “is on track for the lowest amount raised during a cycle — so low that the total capital market proceeds are less than half of the next lowest total from the last 10 years.”

Soren Toft, the former chief operating officer at Maersk will become chief executive officer at Mediterranean Shipping Co.

Japanese mafia are in the firing line after a record 400 kilos of cocaine are found in a container in Japan.

The Port of Brunswick in Georgia is now open to commercial vessel traffic 24 hours a day after salvors have stabilized a car carrier that flipped on its side.

An unreleased study reportedly discussed at IMO’s meeting this week suggests that setting ship engine power limitations would result in negligible CO2 emission reduction.

With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.

From tiny flaws great economic disasters are born. One such tiny flaw nearly led to an economic disaster in far north Australia. It was only high quality seamanship that averted a months-long salvage at, and blockage of, the Port of Weipa.

Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.

After first half surge, the back-end of November is weakening after the last U.S. freight surge.

Vessel group alleges “lucrative cost advantage” over American-flagged ships.

Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.

HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.

New ship orders are grinding to a halt due to uncertainty over which designs can meet future GHG rules.

The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.

Focus on profitability over market share bears fruit for Danish container shipping giant.

India’s largest commercial ports operator, Adani Ports, reported a substantial increase in its company and port-segment revenues. Company and port-segment profits have also markedly increased.

ESG investors are shunning shipping stocks, but dividends should bolster total returns.

Danny Wan, just named executive director of the Port of Oakland says the agency needs to plan ahead for the possibility that the economy may slow.

Proposal is part of $1.3 trillion infrastructure plan