Marine News

1. Cleaves Securities dismisses risk of imminent bankruptcy

   Norwegian tax authorities demand that Cleaves Securities pays NOK 3.4m within one month. The money is on its way, says the chief exec.

2. Wärtsilä skal levere metanolmotorer til kinesiske rederier

   Det er den kinesiske maritime sektors største ordre til dato på metanoldrevne nybyggede skibe.

3. Weak freight market causes pessimism among Hamburg forwarders

   Higher ocean freight rates in the first quarter could not prevent pessimism from spreading among Hamburg shippers. A majority expect worse times in the freight market, according to media reports.

4. Grieg Maritime sees profit dive as freight rates normalize

   The downturn is expected and can be explained by a slowdown in the open hatch market, says the Norwegian carrier.

5. Opinion: Carriers should make contingency plans for Middle East unrest

   After the pandemic, there is no excuse for not being prepared for the worst-case scenarios for the shipping industry, writes Lars Jensen.

6. Taylor Maritime targets ship sales in firming dry bulk market

   The London-listed investment firm is positive on the outlook as it nears 100% ownership of Grindrod Shipping

7. DHL to pay large compensation in discrimination case

   The logistics group has been accused of assigning black drivers more dangerous tasks than white drivers.

8. Baltimore's trapped ships start leaving as new channel opens

   Ships trapped after the collapse of the Francis Scott Key Bridge are gradually beginning to leave Baltimore Harbor.

9. J. Lauritzen finds Svitzer stock appealing ahead of Copenhagen listing

   Maersk is set to list the towage operator next week, where it could reach USD 1.4 billion in value. ”It’s a share we’re looking at,” says the chief exec of investor.

10. Danish military investigates partnership with Scan Global after criticism

    So far, the Danish Armed Forces have not asked questions about Scan Global Logistics’ activities in Russia, documents show.

11. Industry expects soaring demand for LNG

    Attractive prices for the alternative marine fuel and more dual-fuel ships on the seas may be part of the explanation, according to Reuters.

12. CMA CGM launches EUR 200m climate fund

    The French container major, together with bank Bpifrance, is launching the fund Pulse to decarbonize France’s shipping industry.

13. Tax authorities file a bankruptcy petition against Cleaves Securities

    Unless the investment bank pays its tax debts within the next month, the bankruptcy will move forward.

14. Norden was caught out by early recovery in dry bulk

    But chief executive Jan Rindbo denies that the dismissal of its operations chief and several key employees is tied to the loss in the bulk business.

15. Authorities raid enginemaker on suspected data fraud

    IHI Power Systems has been the target of a dawn raid following suspicions that the Japanese manufacturer has tampered with data on 4,200 engines.