Shipping

Maersk To Announce Major Reorganisation, Job Cuts, Internal Email Says

Shipping group Maersk is due to announce job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows. The reorganisatio...

Maersk Reinstates Upbeat Guidance Despite Sharp Drop In Container Volumes

A.P. Møller - Mærsk has reinstated full-year guidance above its forecast at the beginning of the year, even as the shipping group expects dema...

Fresh Del Monte Produce Adds Energy Efficient Container Vessels To Its Fleet

Fresh Del Monte Produce has announced that it has added six new energy-efficient reefer container vessels to its fleet in a bid to meet its sustainability...

Hapag-Lloyd Ups H1 Profits And Keeps Guidance, But Warns Of Risks

German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the sam...

Sugar Shipping Rush In Brazil Amid COVID Surge Causes Vessel Logjam

More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scramb...

China's Trade Faces Challenges As Small Firms Battle Coronavirus Impact

China's foreign trade faces challenges as small- and mid-size firms in its supply chains battle financing difficulties amid trade curbs, lack of raw materi...

IMO's Marine Fuel Rules Sets Shipping Industry For A Comeback In 2020

The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after...

Global Refiners Raise Cleaner Shipping Fuel Output Ahead Of IMO 2020

Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare...