Norway’s Wallenius Wilhelmsen has posted its best-ever quarterly profit but warned the red-hot car carrier sector still faces difficulties. The Oslo-listed operator of more than 130 ships said net earnings […]
AP Moller-Maersk will slash capacity to meet falling container shipping demand in the coming months. The Danish liner giant currently deploys about 4.2m teu of capacity, but has been removing […]
Grain exports from Ukrainian sea ports have been halted today as the security situation in the Black Sea remains tense following Russia’s decision over the weekend to suspend its participation […]
South Korea and Japan see strong steel exports in October South Korea and Japan both saw strong steel exports in October. Japan exported 1.4 MMT, a 53.0% YoY increase, and […]
South Korea and Japan see strong steel exports in October South Korea and Japan both saw strong steel exports in October. Japan exported 1.4 MMT, a 53.0% YoY increase, and […]
The safe passage of bulkers carrying Ukrainian grain through the Black Sea corridor is set to continue in leaps and bounds and won’t be tenable in the long term without […]
Since the February 24 invasion, Russia has allowed grain exports out of Ukraine facilitated by a July deal to mitigate the probability of a global food crisis. After an attack […]
Ukraine’s grain exports were running at 85% of pre-conflict levels prior to Russia’s decision to suspend its participation in the UN backed Black Sea Grain Initiative. Volumes shipped under the […]
Ocean Network Express (ONE) chief executive Jeremy Nixon expects the container market to reach equilibrium in 2023, claiming the steady decline in rates is a result of demand dropping faster […]
Norden has responded to market talk of another investor pay-out by confirming a dividend for the third quarter. The Danish bulker and tanker operator has yet to report its latest […]
