According to a Nov. 4 report from Reuters, Danish shipper D/S Torm (TORM.CO) lowered its guidance for 2010, saying it expected continued weak freight rates in the fourth quarter. The company’s previous guidance was for a 2010 pretax outlook of a $40-60m loss, but now gives an outlook for a $75-85m loss.
(Source: Reuters)
Maersk expects global trade growth rising as much as 7% next year, bolstered by strong demand from the United States where…
French shipping major CMA CGM is seeking marine biofuel for term delivery in Singapore, the world's largest bunker hub, between…
This week at MarineLink…Two reports released this week, one on the upscaling of green hydrogen production, the other on upscaling CCUS…
The river Mosel in western Germany, an important route for grains and rapeseed shipments, has been closed to inland waterways…
Hapag-Lloyd reduces emissions & costs through Shipshave’s ITCH solution, confirmed by DNV
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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