Hapag-Lloyd’s first quarter 2024 earnings look devastating compared to the same period in 2023, but the quarter was stronger than expected due to Red Sea diversions.

Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity that could affect the industry if the Red Sea crisis is resolved.

Stolt-Nielsen has announced changes to the management team at Stolt Tankers as president Lucas Vos leaves his position.

Following the announcement of the dissolution of the 2M alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in joint MSC and Maersk services.

Norwegian based Awilco LNG and China Development Bank Leasing (CDB Leasing) have signed a sale and leaseback agreement for two LNG carriers.

Despite robust new loan generation as 2023 progressed, at the dawn of 2024 bank lending to Greek shipowners was down reported the 23rd annual analysis by Petrofin Research of bank lending to Greek shipping companies.