Hapag-Lloyd concluded the first half of 2025 with a Group EBITDA of USD 1.9 billion (EUR 1.8 billion). The Group EBIT decreased to USD 0.7 billion (EUR 0.6 billion) and the Group profit to USD 0.8 billion (EUR 0.7 billion). The frequent changes in trade policies of the US, in particular, led to volatile demand …
Hapag-Lloyd: good growth and solid half-year results in a volatile market Read More »
Despite challenging market conditions, NORDEN delivered a net profit of USD 52 million (DKK 342 million) in the second quarter of 2025 and a return on invested capital of 10% LTM. In H1 2025, the net profit was USD 85 million, of which USD 44 million came from combined operating earnings across the Group and …
NORDEN reports net profit of USD 52 million (DKK 342 million) in Q2 2025 Read More »
INSIDE INFORMATION “TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty,” says Jacob Meldgaard, adding: “We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance.” Financial Results In the second quarter of 2025 TORM (Nasdaq: TRMD …
TORM plc Q2 2025 Results, Dividend Distribution, and Financial Outlook 2025 Read More »
Ocean Yield AS (“Ocean Yield” or the “Company”) today announced that, together with vehicles managed by KKR (“KKR”), a leading global investment firm, it has agreed to purchase 100% of the shares in CapeOmega Gas Transportation AS (“CapeOmega”) from Partners Group, acting on behalf of its clients. CapeOmega co-owns ten LNG carriers operated by Knutsen …
Investment in LNG carriers with long-term charters Read More »
London International Shipping Week 2025 (LISW25) is proud to announce City of Glasgow College as its official Academic Partner, strengthening the week’s focus on maritime education, skills, and innovation. As one of the UK’s leading maritime education and training institutions, City of Glasgow College is recognised worldwide for its state-of-the-art facilities and pioneering approach to …
City of Glasgow College announced as Academic Partner for LISW25 Read More »
The US Department of Energy violated federal advisory committee laws when it created a climate report to justify the repeal of the US Environmental Protection Agency’s endangerment finding, environmental groups said in a lawsuit. The suit said that the DOE study — which claimed that the impacts of greenhouse gas emissions on the nation’s climate …
Environmental groups challenge climate study used to justify endangerment finding repeal Read More »
The US and a group of eight petrostates have made renewed attempts to thwart the International Maritime Organization’s new decarbonization rules, creating uncertainties in future bunker markets while readying themselves for a showdown in October. During the UN agency’s Marine Environment Protection Committee meeting in April, member states held a vote to approve two sets …
US, petrostates band together for IMO showdown over green bunker rules Read More »
The recent International Court of Justice (ICJ) advisory opinion has shifted climate justice from a political ambition to a binding legal obligation — raising the stakes for the International Maritime Organisation (IMO) and the global shipping industry. Vanuatu, which spearheaded the ICJ process, says the ruling strengthens the hand of vulnerable nations in pushing high-emitting …
ICJ ruling puts legal heat on global shipping – Pacific leads the call Read More »
Global law firm Norton Rose Fulbright has advised longstanding client Citi and a syndicate of lenders on a more than US$1.7 billion export credit-backed financing package for two high-end passenger cruise vessels, expanding the Abercrombie & Kent (A&K) luxury cruise ‘Crystal’ brand. Citi acted as global coordinator, mandated lead arranger, agent and security agent. Banco …
On appeal of an arbitration award, the Court has provided a detailed review of the application of the implied indemnity pursuant to clause 8 of the NYPE form charterparty. The background facts The claim arose from a trip time charterparty (Charterparty) entered into on 1 April 2014. The Charterparty was on an amended NYPE 1946 form …
The GRAND AMANDA: Has the scope of the implied indemnity now been clarified? Read More »
