Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russia's state-owned icebreaker operator to send more goods via the Arctic, which is becoming more accessible as climate change reduces the sea ice.Russia has made developing the so-called northern sea route (NSR) - which requires new ports and heavy icebreakers to move goods - a priority
A.P. Moller-Maersk said on Friday prospects for a pick-up in demand for seaborne container traffic were clouded by an uncertain economic outlook but the shipping group's focus on driving down costs helped its shares higher.The world's biggest container shipping firm said global container demand was expected to grow by 1%-3% next year compared with 1%-2% in 2019.
A.P. Moller-Maersk have joined other major container shipping companies in increasing prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area.Attacks on two oil tankers in the Gulf of Oman last month drove up oil prices and raised concerns about a U.S.-Iranian confrontation.
The provider of passenger and freight maritime transportation Onorato Armatori has signed a contract with Guangzhou Shipyard International (GSI) for the order of two plus two RoPax ferries, designed by Danish naval architects, OSK-ShipTech.The contract was just signed at a ceremony in Beijing.
Danish shipping operator TORM has reached an agreement to acquire four modern 2011-built MR vessels “at an attractive price point”."Looking into an improving demand-supply situation for the transportation of clean petroleum products, we believe that the timing for a fleet expansion with modern vessels is appropriate and underlines the flexibility provided by our strong capital structure
A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns, cut its forecast for global growth in container traffic this year due to the trade dispute between the United States and China.
A tanker carrying liquefied natural gas (LNG) has been floating off Australian waters for nearly two weeks as production at Ichthys project ramps up, industry sources told Reuters.The tanker 'Symphonic Breeze' has been moored at Darwin anchorage since April 17 after loading a cargo from the recently launched Ichthys LNG facility, shipping data from Refinitiv Eikon showed.
The world's largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday.Maersk is also moving ahead with spinning off Maersk Drilling, announcing it expected its new listing in Copenhagen to begin trading on April 4.
American transportation company Norfolk Southern has signed a deal with Kalmar, part of Cargotec, for supply of four Kalmar SmartPower rubber-tyred gantry cranes (RTGs) equipped with a suite of process automation solutions.According to a press release, the order was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to be completed by the end of Q4 2019.
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.The company said it did not know yet how many jobs would go.(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing by Edmund Blair)
SUNY Maritime College has appointed Captain Morgan McManus as the Master of the T/S Empire State VI. An alumnus of SUNY Maritime College, Captain McManus graduated in 1992 with a bachelor’s degree in Marine Transportation.Captain McManus has over 12 years’ experience sailing as Master including on the SS Cape Jacob, the sister ship to T/S Empire State VI.
The Coast Guard and partner agencies are responding to reports of several barges and vessels breaking away from their moorings on the Hudson River near Troy, New York, Friday morning.Watchstanders at Coast Guard Sector New York received the initial report of the situation from Rensselaer emergency dispatch.