Tag: Merchant shipping
Russia and Ukraine extend grain deal
Cargo ship with grain Ukraine and Russia are important suppliers of food. (Photo: dpa) Istanbul The agreement on the Black Sea Grain Initiative was mediated by the United Nations and…
Habeck needs an additional 1.6 billion euros for LNG terminals
LNG terminal in Brunsbüttel Because a planned LNG ship off Hamburg is not going to be placed there after all, the funds planned for it can now partially cover the…
Is the federal government exaggerating on LNG?
Berlin Federal Minister of Economics Robert Habeck (Greens) defends himself against public criticism, including from his own ranks, for overdoing it with the gas. “We price in risks, plan with…
Hapag-Lloyd share: Shipping company doubles dividend
Hapag Lloyd Last year, the container shipping company almost doubled its profit thanks to sharply increased freight prices. (Photo: dpa) Dusseldorf Germany’s largest container shipping company, Hapag-Lloyd, is anticipating a…
End of the boom for Hapag-Lloyd – Evonik expects profits to fall in 2023
Life insurer Swiss Life exceeds return target Swiss Life’s net profit is up 16 percent over the past year increased to 1.46 billion Swiss francs. The dividend is to be…
End of the boom for Hapag-Lloyd – Evonik expects profits to fall in 2023
Life insurer Swiss Life exceeds return target Swiss Life’s net profit is up 16 percent over the past year increased to 1.46 billion Swiss francs. The dividend is to be…
The end of the container cartels – Why Maersk and MSC are breaking their alliance
MSC and Maersk The two shipping giants end their alliance. (Photo: Bloomberg, Montage) Singapore The steel box of the Swiss shipping company MSC floats almost silently over the deck of…
Germany in talks with Oman over LNG supplies
Manuela Schwesig and Olaf Scholz at the Deutsche Ostsee LNG terminal LNG plays a key role in Germany’s efforts to replace Russia’s missing gas supplies (Photo: IMAGO/Future Image) London /…
Hapag-Lloyd plans record dividend – share almost 15 percent up
Hapag-Lloyd container ship Within two years, the shipping company’s profit distributions add up to more than 17 billion euros. (Photo: dpa) Munich The Hamburg shipping company Hapag-Lloyd pays out more…
Hapag-Lloyd: Shipping company achieves record profit
Hapag-Lloyd container ship in Hamburg Germany’s largest container shipping company benefited from the high freight rates in the past financial year. (Photo: IMAGO/Markus Tischler) Dusseldorf In the past financial year,…
Hapag-Lloyd on par with VW – shipping company achieves record profit
Hapag-Lloyd container ship in Hamburg Germany’s largest container shipping company benefited from the high freight rates in the past financial year. (Photo: IMAGO/Markus Tischler) Dusseldorf In the past financial year,…
Russia is increasingly hindering Ukrainian agricultural exports
Grain carriers in the Sea of Marmara The Grains Agreement would currently expire shortly before the anniversary of the start of the war. (Photo: dpa) Berlin Food exports from Ukraine…
Russia is increasingly hindering Ukrainian agricultural exports
Grain carriers in the Sea of Marmara The Grains Agreement would currently expire shortly before the anniversary of the start of the war. (Photo: dpa) Berlin Food exports from Ukraine…
Antwerp is arming itself against cocaine smugglers
Antwerp The port of Antwerp lies on the Scheldt like a giant octopus. The numerous side arms allow incoming container ships to be processed at the same time. At 150…
German ports are to become Europe’s leading energy and raw materials hubs
Port of Hamburg There were heated debates just last year when the state-owned Chinese shipping company Cosco wanted to acquire shares in a terminal in the port of Hamburg. (Photo:…
Cargo ship runs aground in the Suez Canal
“Glory” in Odessa in August 2022 The cargo ship transported grain from Ukraine to China. (Photo: IMAGO/Ukrinform) Cairo A cargo ship ran aground in the Suez Canal on Monday. After…
The fat years in air freight are over
Frankfurt Air freight traditionally also benefits from the boost in the Christmas business. Companies stock warehouses and shelves with goods and parts that often have to be brought in by…
There is a risk of overcapacity for LNG – is Germany building too many terminals?
The floating terminals Höegh Esperanza in Wilhelmshaven How much natural gas will Germany need in the coming years? (Photo: Reuters) Dusseldorf Since December 15, 2022, Germany has been able to…
Is Germany building too many LNG terminals?
The floating terminals Höegh Esperanza in Wilhelmshaven How much natural gas will Germany need in the coming years? (Photo: Reuters) Dusseldorf Since December 15, 2022, Germany has been able to…
Run on LNG tankers – shipowners compete for capacities
Athens Russia’s war against Ukraine has sharply increased the demand for liquefied natural gas (LNG) – and with it the need for corresponding transport ships. But the few shipyards that…