MOSCOW, May 4 (Reuters) – Russia is expected to increase seaborne oil exports from its western ports this month to a four-year high to meet Asian demand for low-priced oil, two sources…
https://gcaptain.com/russian-oil-companies-ramp-up-may-exports-to-meet-asian-demand/
As the COVID-19 pandemic recedes, global shipping is experiencing a shift in operations. According to the world’s largest shipping association, BIMCO, liner operators increased average sailing speeds by up to…
Cloud-based procurement platform GoodShip announced Thursday it has closed on a $5 million seed round co-led by Ironspring Ventures and Chicago Ventures with participation from previous investors including Fuse VC, Cercano Management and project44’s Jett McCandless.
Including its previous seed round that closed in October, which involved several industry leaders including Stord founder Sean Henry, Convoy founder Dan Lewis and FreightWaves founder Craig Fuller, the company has raised $7.4 million...
Global shipping giant A.P. Moller-Maersk is reportedly selling its stake in The Metals Company (TMC), a leading deep-sea mining firm, as the legal process to permit seabed mining nears completion….
By Jacob Gronholt-Pedersen COPENHAGEN, May 4 (Reuters) – Shipping group Maersk on Thursday reported first-quarter earnings above expectations and maintained its 2023 profit guidance as it expects a recent drop in demand for container shipments to stabilize around mid-year….
https://gcaptain.com/maersk-expects-drop-in-container-demand-to-stabilize-by-mid-year/
The first quarter of 2023 saw a decline in seafarers’ happiness levels, as reported by the latest Seafarers Happiness Index (SHI) published by The Mission to Seafarers. The study, supported…
https://gcaptain.com/seafarer-happiness-declines-shipping-industry-urged-to-prioritize-wellbeing/
Maersk sets sights on managing costs as “strongest quarter of the year” comes to a close. Global shipping giant A.P. Moller – Maersk (Maersk) reported a first quarter results that…
Leading tech-driven logistics platform, Flexport, has announced the acquisition of Shopify Logistics assets. The move will allow businesses to effortlessly plan, visualize, and execute goods movement from manufacturers to customers…
By Sharon Cho and Bill Lehane (Bloomberg) — China’s recovery may be disappointing some oil bulls, but there’s one incontrovertible fact: the world’s biggest importer is drawing in a lot of…
https://gcaptain.com/shipping-data-reveals-surge-in-oil-shipments-bound-for-china/
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });
Pain during shipping downturns is often self-inflected by the industry itself. A scramble for market...
https://www.freightwaves.com/news/maersk-downturn-on-predicted-course-liners-acting-rationally