Water levels on the river Rhine in Germany have risen sharply after rain this week, approaching normal levels and helping cool off cargo shipping rates, vessel brokers and commodity traders said on Thursday.Prices for cargo shipping are falling as vessels are able to load more freight, they said.
A ferry was back in the Swedish port of Nynashamn on Tuesday after a fire on the car deck temporarily knocked out its power, the Swedish Coast Guard said in a statement. The fire in a refrigerated container started at mid-day on Monday north of the island of Gotland as the Stena Scandica was heading to Ventspils in Latvia from Nynashamn. The fire was put out on Monday afternoon.
Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related logjams holding up containers in key ports in China
A sightseeing boat and a water taxi collided on Thursday near Rotterdam's iconic Erasmus Bridge, local emergency services said, and six people were "helped out of the water".Images of the incident on social media showed the collision between the two vessels, with the smaller water taxi being pushed under water of the Nieuwe Maas river.
Two Greek oil tankers seized by Iran last week are located in Iranian waters, monitoring service TankerTrackers.com said in a Twitter post on Thursday."We now have a visual confirmation that the hijacked Greek Suezmax tanker Prudent Warrior is in the anchorage of Bandar Abbas, Iran," the online service which tracks and reports shipments and storage of crude oil said in the post.
The United States has confiscated an Iranian oil cargo held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said.Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on board, near the coast of the southern island of Evia due to EU sanctions.
Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30.75% share of Global Ports up for sale as it decided to quit Russia because of its invasion of Ukraine.
Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia's invasion of Ukraine, the Danish firm said on Wednesday.Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port on Monday, but still has 20,000 containers stranded in Russia.
Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge in an all-stock transaction valued at $4.2 billion that they said would cut costs and help in their low-carbon transition.Euronav shareholders will own 59% of the combined group and will also receive a cash dividend before the deal closes, while Frontline owners will hold the remaining 41%
All but one of the 30 crew members of a United Arab Emirates cargo ship that sank off Iran have been rescued, Iran's official IRNA news agency said on Thursday."Twenty-nine crew members have so far been saved, and rescue operations are continuing to find another team member," an official from Iran's Bushehr Province told IRNA.
Shipping group Maersk will temporarily halt all container shipping to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, the company said on Tuesday.The move follows similar decisions by Singapore-headquartered Ocean Network Express (ONE), Germany's Hapag Lloyd HLAG.DE and Swiss-based shipping group MSC.
Global shipping group CMA CGM said on Friday it will stop transporting plastic waste on its vessels from June 1 to help curb pollution.One of the world's largest container lines, the French-based firm said it currently carries the equivalent of about 50,000 standard containers of plastic waste per year.