International Maritime Organization (IMO) secretary-general Kitack Lim has urged the shipping industry to boost its efforts to cut sulphur emissions by using IMO 2020-compliant fuels before the regulation deadline on 1 January 2020.
Shipping group A.P. Moller-Maersk posted its second-quarter profit report on August 15 which saw an increased share price by 7%. However, it warned that the US-China trade war could limit container traffic
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Odfjell Terminals (OTBV), a joint venture (JV) between Odfjell (51%) and Lindsay Goldberg (49%), has reached an agreement to divest its 29.75% indirect stake in Oiltanking Odfjell Terminals & Co (OOT) in exchange for $130m.