Marine News

1. Belships extends offer period despite terms reached

   The offer from Blue Northern BLK has been met with acceptance from 91.7 % of Belships’ shareholders, thus surpassing the minimum terms for takeover acceptance.

2. DSV wants to build up financial muscle to continue acquisition strategy

   A proposal to increase the share capital of the logistics company at the upcoming annual general meeting testifies that DSV is still looking for more after the major acquisition of DB Schenker.

3. Yards far from celebrating despite prospect of huge EU defense spending

   EU countries need to spend huge sums of money to upgrade their defense, but European shipyards will only be able to benefit to a limited extent from the large investments.

4. US commerce secretary wants foreign carriers to pay taxes

   If the proposal is implemented, US importers and exporters will most likely pay in the form of higher freight rates, notes Lars Jensen.

5. Ship explosions in the Mediterranean being investigated as terrorism

   Three oil tankers have been damaged in the past month after explosions different places in the Mediterranean Sea. All of them have recently called at Russian ports.

6. Marine insurers report tonnage growth in challenging year

   Three of the biggest insurers say the fleet they cover has increased amid re-routings and a large number of claims as the new policy year starts. 

7. DFDS wants to suspend dividend payments in challenged market

   The ferry and logistics company maintains its expectations of a difficult 2025, where operating profit is set to reach around DKK 1bn (USD 140m).

8. Media: MSC opts for Chinese shipyard to build eight mega vessels

   Mediterranean Shipping Company has picked Chinese CHI Zhoushan Shipyard to build eight 22.000 TEU ships, writes Xinde Mairitme News.

9. Seatrium turns billion-dollar loss into profits in first full year

   Chief exec Chris Ong has delivered on the main target of the combination of Singapore’s two biggest shipyards. The orderbook is ”robust.” 

10. European shipping needs finance, talents and innovation

    European shipowners present a list of urgent need-to-have items in order to remain competitive, as their global footprint is down to 35%.

11. Genco advances in ailing dry bulk market

    Chief executive John C. Wobensmith is optimistic about the bulk carrier’s positioning in the coming year.

12. Discounts lure one segment in particular back to the Red Sea and through Suez

    In some cases, shipping companies can save as much as 75% of the transit fee in the Suez Canal, says ship manager Inchcape.

13. Hapag-Lloyd and Hafnia have made carbon quota trading part of their business routine

    The two carriers are now working strategically to lower their climate impact by trading EU carbon quotas. The bill will be passed on to customers, they say.

14. HMM wants to buy most of South Korea's SK Shipping

    The country’s flagship container line wants to buy another of South Korea’s major shipping companies, SK Shipping, reports local media.

15. Teekay Tankers expects increasing demand for oil shipments

    An older fleet and longer voyages for tankers will create a fundamentally healthy market in the coming period, says Teekay Tankers boss.