FMC clears carriers

The Federal Maritime Commission, FMC, has cleared the partners in The Alliance’s proposed fund aimed at protecting customers in case one of the container carriers face financial difficulties, informs the FMC in a press release. The Alliance consists of Hapag-Lloyd, the three Japanese carriers NYK Line, MOL, and K Line as well as Taiwan’s Yang […]

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Fredriksen

Tanker carrier Frontline, which is controlled by John Fredriksen, booked a net deficit of USD 19.4 billion in the second quarter, which in CEO Robert Hvide Macleod’s words was decidedly weak. Primarily due to the growth in the global tanker fleet. The size of the deficit is explained by expenses for drydocking of USD 12.2 […]

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