by Klaus Luhta | Apr 19, 2018 | maritime economics, maritime news
Between potentially volatile changes in weather and political unrest, shipping companies must consider alternative routes now before they have to take them. As we see such developments as fluctuating precipitation in countries along with political power plays creating...
by Klaus Luhta | Apr 4, 2018 | maritime economics
After 60 years of relative stagnation in shipping industry innovation, A.P. Moller-Maersk, a world leader in container shipping and IBM are set to greatly improve trade with their blockchain-based trading platform. Currently, under old systems, nearly 20% of shipping...
by Klaus Luhta | Dec 25, 2017 | maritime economics, maritime news
A year after the acquisition announcement, Maersk Line has completed the transaction, securing their purchase of rival shipping company Hamburg Süd for $4 billion. 105 Hamburg vessels will bring Maersk’s total fleet up to 772 with nearly a 20% share of global fleet...
by Klaus Luhta | Dec 25, 2017 | maritime economics, maritime news
Tyra, Denmark’s largest gas field, will get a much-needed investment from the Danish Underground Consortium. This infusion of cash comes after a sinking chalk reservoir has left platform decks 16 feet closer to the sea than they were three decades ago. Being...
by Klaus Luhta | Nov 27, 2017 | maritime economics, maritime news, maritime politics
Who’s Leading the World Fleet? With a value of $829 billion, the world fleet hardly carries a small price tag, but it has faced five straight years of declining growth. Despite this, the fleet still saw a 3.15% increase in 2016 and China, along with several other...
