The flows of tanker cargo have already been changed by the Ukraine war, now in its third month, with additional shifts, possibly of the “tectonic” variety, on the horizon.
Stolt-Nielsen announced that it has agreed to purchase three stainless steel chemical tankers ahead of an expected market improvement.
NYK has inked a fourth long-term charter for an LNG carrier with France’s EDF Group.
The absence of the usual Q1 low in dry bulk markets helped Norden to a $117.1m profit for the quarter, up from a $14.9m loss in Q1 2021.
Cargill’s Ann Shazell is to be the new chair of the Maritime Anti-Corruption Network (MACN).
The Port of Rotterdam is eyeing developing a green corridor with Singapore as a growing number of countries look to pilot environmentally friendly shipping lanes.
Maersk reported its best ever quarter in Q1 2022 with a $6.8bn profit despite taking a $718m hit from pulling out of Russia.
The UK Maritime and Coastguard Agency (MCA) announced that on May 3, P&O Ferries’ Pride of Kent failed another Port State Control reinspection.
