Marine News

1. Hapag-Lloyd orders 24 new container ships

   The order totals four billion dollars and, according to CEO Rolf Habben Jansen, is one of the largest in recent times for the German shipping company. 

2. US authorities open consultation on new container alliance

   The Premier Alliance agreement with ONE, HMM and Yang Ming as members is under review by the US Maritime Administration.

3. Trump win triggers oil volatility as shipping and energy stocks dive

   Donald Trump will be the next President of the United States, a fact that is already affecting oil prices as well as shipping and energy stock, with green shares particularly hit.

4. Shipowners worry for the prospects of a global CO2 deal with Trump as president

   NGO expects that shipping’s green transition could slow down under Trump administration, while analyst anticipates more changes in supply chains as the trade war with the US escalates.

5. Maersk appoints new head of Suez Canal container terminal

   The new chief exec of Maersk’s Suez Canal Container Terminal moves from a position as managing director of APM Terminals in Port of Salalah.

6. Norvic Shipping to shut down its panamax department

   According to the head of the panamax division, the operator will settle the remaining order book and then close the division completely.

7. Maersk customers highlight freight market disruption in survey

   More than half of Maersk’s European shippers are considering alternative production sites closer to Europe, according to Maersk survey.

8. Hapag-Lloyd discontinues Atlantic cooperation with Grimaldi

   After almost four decades, the German shipping company is ending its cooperation with ACL on the Atlantic.

9. Braemar targets further growth as profits rise

   London-listed ship brokerage says it is considering opportunities to acquire businesses as the outlook is positive.

10. MPC Capital enters offshore with order for six service vessels

    The German shipping investor is expanding into offshore. The first six ships will be built in Denmark.

11. Odfjell takes bottom line hit from weaker chemical spot market

    The Norwegian shipping company points out that more product tankers entered the chemical segment, reducing demand.

12. Oil tumbles with Trump trades aiding dollar as US counts votes

    Oil trades lower as Trump’s rising election chances strengthen dollar, adding pressure on crude markets amid stockpile gains and Middle East supply uncertainty.

13. Cadeler inks major deal for turbine installation in UK waters

    The offshore carrier will ship and install wind turbines for Scottishpower Renewables in the southern North Sea.

14. Shipowners offer list of priorities for EU's new transport commissioner

    Greek Apostolos Tzitzikostas will have to deal with green transition, armed conflicts and geopolitical tensions as the EU’s new Transport Commissioner.

15. Shipping boss fears "damaging" trade war if Trump wins election

    Global free trade in LNG and commodities could take a hit if Donald Trump becomes US president and pursues a trade war with both the EU and China.