Claus Valentin Hemmingsen

Red Sea and Panama Canal diversions mean that traditional supply and demand fundamentals have become less relevant for gauging shipping market outlooks, says DS NORDEN chief executive Jan Rindbo. “One of the key challenges for shipowners today is the event-driven nature of the markets. Before it was mainly about supply and demand, but today geopolitical events are having a significant impact on both freight and charter rates.” “It’s no longer just about supply and demand. So, it’s become very hard to predict what will happen with rates. The ability to stay nimble to react to market changes is more important than ever,” Rindbo told Lloyd’s List. The head of the Danish dry cargo and tanker operating giant said that strong rates in both the dry and tanker markets during the first quarter were due to a combination of Panama Canal and Red Sea diversions as ships are having to undertake extended routings, which have taken effective capacity out of the market https://lnkd.in/eJjdnS5V

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Which regulatory measure has the biggest potential of meeting the International Maritime Organization targets? Join us on 22 May in Copenhagen to hear Faïg Abbasov's, director of shipping at Transport & Environment (T&E), thoughts on the question at ShippingWatch's fourth 'Decarbonizing Shipping' conference. Link for registration below! #shipping #conference #sustainability #oceanfreight #freight #energytransition #regulation

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The energy transition is one of our key investment themes at A.P. Moller Holding. Through it, we focus on the much-needed transition from fossil fuels to sustainable and green sources of energy. Some of the companies in the A.P. Moller Group contribute to the energy transition directly by aiming to provide clean energy or servicing the renewables sector. Just as importantly, others are focused on eliminating emissions from their own business operations. Maersk Supply Service’s offshore wind business specialises in installing windfarms at sea. The wind is stronger and more constant at sea than on land. Wind turbines can also be built bigger at sea than on land, as ships can transport bigger components than trucks by road. Maersk Supply Service has designed a new type of Wind Installation Vessel, currently under construction and which will make the installation of bottom-fixed offshore wind turbines up to 30% faster. Companies are also responsible for the emissions they generate through their activities, and setting clear mid- to long-term emission reduction targets is key to addressing these. A.P. Moller - Maersk aims for net-zero greenhouse gas (GHG) emissions for the entire business in 2040 and became the first maritime company to have its climate targets validated by the Science Based Targets initiative. In a similar fashion, Danske Bank has prepared a comprehensive Climate Action Plan that sets out a roadmap for reducing their financed emissions in key sectors, with the ambition to become a net-zero bank by 2050 or sooner. #apmoller #ownerswithapurpose #nyttigvirksomhed

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🌍 Proud to see and be part of the collective efforts showcased at the Sea Cargo Charter’s fourth annual meeting, hosted by our colleagues at Klaveness Combination Carriers ASA in Oslo this week. This event brought together key industryleaders, including Equinor, Trafigura, and Cargill, to discuss and advance the shipping industry’s decarbonization initiatives. At Klaveness Digital, we share the ambition to create a resilient, decarbonized, and cost-effective supply chain through our supply chain solution, CargoValue. It was inspiring to witness the shipping community come together to addresscritical issues such as: - New emission targets aligning with the IMO's revised strategy for a 100% reduction in emissions by 2050. - Enhanced collaboration through the expansion of scope to include shipowners, fostering greater accountability and transparency. - Increased reporting as more comprehensive reporting requirements were introduced to enhance transparency and data accuracy. Rasmus Bach Nielsen, Sea Cargo Charter Chair, highlighted, “Our Annual Meeting arrives at a critical moment. Our signatories are poised to report against the latest and more ambitious IMO targets for the first time, demonstrating our commitment to evolving environmental standards.” We are honored to contribute to these necessary efforts and look forward to continuing our work towards a sustainable and efficient maritime industry.   Read the full press release here: https://lnkd.in/d4VArqaj

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We are pleased to welcome Navid Ostadian-Binai, Head of Green Vessels & Fuels at Maersk Tankers, who will speak at 𝗛𝟮 𝗕𝘂𝘆𝗲𝗿𝘀 & 𝗢𝗳𝗳𝘁𝗮𝗸𝗲 𝗙𝗼𝗿𝘂𝗺, co-located with Investing in Green Hydrogen 2024 - 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝘂𝗺𝗺𝗶𝘁 𝗨𝗻𝗶𝘁𝗶𝗻𝗴 𝗪𝗼𝗿𝗹𝗱'𝘀 𝗛𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗩𝗶𝘀𝗶𝗼𝗻𝗮𝗿𝗶𝗲𝘀, taking place on 2-3 September 2024, in London, UK. Navid Ostadian-Binai advocates the energy transition along with equitable opportunities for all. In his role as Head of Green Vessels & Fuels at Maersk Tankers, Navid is concerned with the commercialization and scale of green shipping across segments in the industry. In 2023, Maersk Tankers announced an order for up to ten Very Large Ammonia Carriers (VLACs), while working to make the vessels capable of running on clean ammonia. With 17 years of technical and commercial experience across various industries, Navid has helped initiate and grow new business for and with corporates and startups alike. ✨ 𝗛𝟮 𝗕𝘂𝘆𝗲𝗿𝘀 & 𝗢𝗳𝗳𝘁𝗮𝗸𝗲 𝗙𝗼𝗿𝘂𝗺 is an exceptional platform that has been thoughtfully designed to exclusively gather #buyers of green hydrogen from diverse industries, such as #aviation, #mobility, #steel, #shipping, #chemicals, and other #heavy #industries. This unique forum aims to address the concerns and challenges faced by hydrogen buyers, focusing on crucial aspects like procurement, decarbonization, financing, and more. 📋 Agenda: https://lnkd.in/g38cGnef ✨ #IGH2024: 𝑰𝒏𝒗𝒆𝒔𝒕 𝑵𝒐𝒘 𝒊𝒏 𝑻𝒐𝒎𝒐𝒓𝒓𝒐𝒘’𝒔 𝑬𝒏𝒆𝒓𝒈𝒚 - Reaching Financial Close for 1,000+ Projects, $320B Potential by 2030. ✨ 🙌 Catch 15% Discount and Get involved today: https://lnkd.in/gBFzk7_h 📋 IGH Strategic Summit Agenda: https://lnkd.in/gd7cHvyE #IGH2024 #greenhydrogen #investment #offtakers #buyers #energytransition #hydrogeneconomy

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Close collaboration plays a crucial role in our decarbonization efforts. Unifeeder A/S and MPC Container Ships ASA have recently formed a strategic partnership to jointly invest in Energy Efficiency Technology. Our goal is to enhance efficiency and reduce environmental impact in maritime transport. These investments will be shared between Unifeeder, the charterer, and MPC, the vessel owner - and such collaborations can be a blueprint for the industry. Together, we are driving forward our commitment to cut emissions by 47% by 2030 and supporting our customers in accelerating their Scope 3 reductions. Read the press release here: https://lnkd.in/dwQAAkaa #collaboration #strategicpartnership #decarbonization #decarbonisation #shipping #scope3 #logistics #shipping #maritimeindustry

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Our daily briefing (July 4)… Norwegian offshore supply company DOF Group has agreed to buy rival service provider Maersk Supply Service for $1.11bn in a cash and stock deal: https://lnkd.in/eP5skGKB Capesize rates are highly volatile. They have a habit or rising and falling in unexpected ways. They are now unexpectedly rising, hitting their second-highest level of the year: https://lnkd.in/ejgHEA4N French shipowners may mount a legal challenge if the next French government enacts calls to scrap tonnage tax, as proposed by the parties that came first and second in last weekend’s national assembly elections: https://lnkd.in/ewiRbeGp Danish design consultancy Knud E Hansen practically invented the modern passenger ferry. Lloyd’s List spoke to the company about its latest projects for bespoke, state-of-the art, ships in the vehicle carrier segment: https://lnkd.in/e5YzY8bW South Korea has unveiled an ambitious plan aimed at achieving the highest level of fully autonomous ship technology recognised by the IMO by 2030: https://lnkd.in/eJMTZDxC Mediterranean Shipping Co now commands 20% of the global containership market after an aggressive expansionist push: https://lnkd.in/efEFJRru Vitol is to expand its LNG bunkering fleet after time chartering a vessel from LNG firm Avenir and ordered two newbuildings from China’s CIMC Nantong shipyard: https://lnkd.in/eX8snSPz SFL has announced that it ordered five ultra large containerships backed by long-term time charters of up to 12 years: https://lnkd.in/ef3TNKnm Chinese bulk carrier owner and operator, Fujian Guohang Ocean Shipping, intends to raise Yuan480m ($66m) to finance its newbuilding order for two ultramax vessels: https://lnkd.in/eNqCen3s Samsung Electronics America (SEA) filed an FMC complaint against HMM in late May. Now HMM is suing SEA in a federal court for at least $13m over alleged unpaid charges during the pandemic: https://lnkd.in/eZnK8qyY Fire safety deficiencies were the biggest cause of detentions among vessels classified by ClassNK, with 363 detentions in 2023: https://lnkd.in/emDa4vAs

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3rd annual Future Bunker Fuels Conference was hosted today by Göteborgs Hamn AB. ⚓️🌱💙 Great with all familiar faces, but also a lot of new ones- especially cargo owners - which is excellent!! Thanks to all speakers, panallists and to the audience contributing to this intersting day! Mikkel Tørud, Jani Arala, Johannes Bogren, Johan Zettergren, Per Fredriksson , J-O Eriksson, Mattias Ivarsson, Mats Samuelsson , 🌱Anna Preisner, Edvard Molitor, Matthías Ólafsson, Katalin Dobránszky-Bartus, PhD , Are Gråthen, Peter Björkborg, Lau Blaxekjær, PhD, Claes Fredriksson, Carl Johan von Sydow, Dr Monica Johansson, Jonas Dahlqvist We defined some important and urgent actions and conclusions: ⚓️ It is clear the industry must better package their challenges and needs to the policy makers - Port of Gothenburg has a unique opportunity to facilitate and gather participants across the value chain of future fuels to bring forward a joint message (Primarily concerning price gap but also the administrative burden that we do not need. Permitting processes for future fuels is also a reason why some opportunities move abroad!) ⚓️ Studies show an increase in willingness to pay for green freight and polls also show that end customers would expect the shipping to have been conducted in a sustainable manner. ⚓️ Bio-refineries see the increasing demand for HVO, but it’s very clear this volume is exported out of Sweden. ⚓️ e-Ammonia has strong potential as a marine fuel, biggest task is to show that all safety aspects are taken care of. ⚓️ e-methanol and bio-methanol are fuel options where we already see a commencement of demand and a lot of positive talks around methanol could be heard in the group. We will expect an uptake coming year for a methanol bunker hub in Port of Gothenburg. ⚓️ There will be routs where hydrogen and batteries will be the best option- ‘the best energy is the one that is never spent’. ⚓️ Bunkers will be purchased on longer contracts to enable production development. We will see new business models and the participants today talked about willingness to share risk - this will be crucial. ⚓️ Change takes time but time we do not have- so we must change the way we’ve always done things and look to more innovative solutions! Again, we come back to collaboration and that we should find a way to complete each other without competing. Great hosting the event with you Jacob Minnhagen!!

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Shippers might as well start preparing for things to get even worse, writes Lars Jensen analyst and founder of Vespucci Maritime, who sees similarities with the early days of the pandemic. "On the basis of the sustained pace of increases, as well as the magnitude of the rate levels, it would be apt to say that we have now entered pandemic-level disruptions in some of the spot markets," Jensen writes in his column at ShippingWatch. #shipping #containershipping #freight #oceanfreight #business #globaltrade #supplychain #finance

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What an absolutely amazing day with our clients. Thank you all for attending, we will continue our discussions and build upon “think & do tanks” concept as Fredrik Edholm brilliantly put it. Special thanks to our team for putting together a flawless event. We are looking forward to meeting our clients around the world building trusted traders relationships and advancing integrated global trade improving life for all… one clearance and one preference program at the time. ✌️ Lars Karlsson A.P. Moller - Maersk Aymeric Chandavoine Rene Klein Catarina Kakko Alexey Shcheglov William Petty Christer Andersson Pablo G. Ortega Faraudo Sandy Van Herck Björn Höglund Stefan Reinhardt Bryan Stocker Mohamed Raafat MARK ZEITLIN Shazana Stotz Amal Awad Simon Bennett Klaus Køhlert Pagh Astrid Marker Hansen Shruti Bhargava Eric Domínguez Boonefaes Sofia Partovi Peter Jones CSCP Ben O'Dowd DESIREE MONTALVO-DOBAO Helena Back Iker Gonsenheim #maersk #mcs #gtcc #customs #borders #customsclientforum #ccf #customers #clients #voiceofthecustomer #talk #roundtable #digitalization #tradefacilitation #tradecompliance #supplychains #valuechains #globalvaluechains #globalsupplychains #security #aeo #simplifications

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Exciting news has emerged from the Danish Energy Agency regarding the development of Bornholm Energy Island. The plans have finally been unveiled, revealing a project set to accommodate up to 3.8 GW of renewable energy. This initiative perfectly aligns with our commitment at the Port of Roenne to futureproof and expand our port infrastructure, positioning us to support the installation of the newest generation of offshore wind turbines from our quays. The comprehensive plan outlines the establishment of a 3.8 GW offshore wind farm south of Bornholm, complemented by high-voltage installations on Bornholm and Zealand. This development significantly contributes to Denmark's renewable energy objectives, bringing Bornholm closer to its mission of becoming the Baltic Sea's hub for green renewable energy. Environmental considerations are at the forefront of this endeavor, with meticulous planning to address concerns such as bird protection areas and shipping routes. Moreover, research indicates that the turbines' foundations can serve as artificial reefs, benefitting marine life in the Baltic Sea. This project underscores Denmark's ongoing leadership in renewable energy innovation and sustainability. The government's approval in 2020 for Bornholm Energy Island and North Sea Energy Island laid the groundwork for this ambitious initiative. Furthermore, ongoing discussions and agreements between Denmark and Germany, including plans for a subsea connection to link the energy island to Germany, highlight international cooperation in advancing renewable energy solutions. As the Danish Energy Agency prepares for the upcoming tender for offshore wind projects on Bornholm Energy Island, we eagerly anticipate contributing to Denmark's renewable energy transition and playing our part in shaping a greener future. Graphic: Energinet ------------------------------ 💥 I am Jeppe   ⚓ Chief Commercial Officer, Port of Roenne   🔺 A Windfluencer passionate about renewable energy, offshore wind, innovation, sustainability, and technology. Join me as I share insights and perspectives on the latest news and trends in these fields.   🔝 Follow along for more exciting updates and discussions!

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‘Operators that consume less fuel should be allowed to pocket the value of fuel not consumed, whereas underperformance will represent a cost for the operator,’ said Danmarks Skibskredit (Danish Ship Finance) in its latest Shipping Market Review. With the introduction of the European Union’s Emissions Trading System (EU ETS), and the upcoming FuelEU Maritime, many owners and operators are rethinking their fuel strategies. In addition, new income models that reward energy efficiency and commerciality are helping put the wind back in the industry’s decarbonization sails. At Norsepower, harnessing the power of the wind to save fuel and the planet is made simple. The Norsepower Rotor Sail™ is a proven and third-party verified product that can reduce fuel consumption and emissions by as much as 70% in good conditions, and 5–25% on average, helping the industry achieve both is commercial and environmental goals. Read more about Danish Ship Finance’s ideas in Lloyd's List: https://lnkd.in/eG5j7wiD #Shipping #Windpropulsion #Rotorsail #SustainableShipping #Decarbonization

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🌊 What’s in store for contract management? 📑 In today's dynamic and rapidly evolving industries of shipping and commodity trading, effective contract management is central to a smooth, streamlined workflow. Our recent Lighthouse Webinar on the Future of Contract Management brought together two of our industry experts CCO Christoffer Svärd and CPO Mads Bang Donkin as well as the director of HR Maritime Richard Watts to discuss the evolving landscape of contract management across the shipping and commodity trading sectors. In our latest blog, we highlight our key takeaways following the conversation, and click the link below to read more: https://lnkd.in/ejh9TWyY Sea #intelligentmarketplace #shipping

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ZeroNorth and Hapag-Lloyd AG have announced a new strategic partnership aimed at launching an industry-leading bunker procurement and planning solution. The collaboration will develop a digital solution to help Hapag-Lloyd navigate the energy transition, reduce fuel costs, and enhance operational efficiency. Kenneth Juhls, Managing Director of ZeroNorth Bunker, expressed excitement about the partnership, stating, “We are thrilled to collaborate with Hapag-Lloyd. This partnership will leverage our combined knowledge and ambition to transform bunker planning and procurement during the energy transition. At ZeroNorth, we believe that the industry’s challenges are too large to tackle alone. Partnerships like this are essential for success.” Jan Christensen, Senior Director of Global Fuel Purchasing at Hapag-Lloyd, emphasized the importance of the partnership, saying, “We have a clear strategic direction to advance decarbonisation across our fleet and business. To achieve this, we need the right partners, and ZeroNorth is ideally positioned to help us digitalise our bunker procurement and planning activities. ZeroNorth has a strong track record of success in developing industry-leading solutions and a credible vision for the future of the bunkering industry. Together, we believe we can significantly impact how we plan and buy bunker fuel, which is crucial for our decarbonisation ambitions.” https://lnkd.in/gTh6rmP9

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Here's an update on the Ocean Freight Market. I've been talking to a lot of customers/ partners / Ocean carriers on why container rates are going up... and I'm just getting back from a 10-day trip in Europe. First, you have to think about the entire system, not just 1 trade lane. Asia to Europe has to go around Africa due to Houthi's in the Red Sea. This results in a 25% longer transit time & is about a 20% reduction of capacity. Importers are ordering earlier due to this, and the system wasn't ready for it. Empty containers take 25% longer to get back to Asia. This is a problem. There is a lack of empty containers. Carriers still don't have enough vessels for this uptick in demand. Blanking salings occur as a result to make up for the insufficient container ships in rotation. The new US tariffs recently implemented created an uptick in demand for goods to get into the country before the increased tariffs which supports the increase in demand. E-commerce goods that are entering under the diminimus rule are swelling because they know this will not last forever. This is another reason for increased demand. Big box importers have also burned through inventory now. Their demand is strong through July and they have preferred agreements with carriers and take up a lot of the capacity on the vessels. (Think Walmart / Target / Home Depot, etc etc) Now... importers have been through this before. Whenever there is scarcity and the public catches wind of this scarcity, they make a run on the goods. (Think toilet paper during Covid / Getting Gas before a hurricane.) I think we're seeing a run on capacity, and importers are moving up orders earlier. This exacerbates the problem even worse. Once the demand overloads the system, port efficiencies will continue to diminish, further reducing capacity and increasing bottle necks again in the system. Better buckle up. Lars Jensen says we're following exactly the same pattern as 3 years ago.

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Initiatives for sustainable shipping in northern Sweden This week stakeholders and decision makers gathered in Luleå, Sweden to discuss prerequisites, challenges and development of shipping in the North of Europe at the “Framtidens Sjöfart” conference. The name roughly translates to the Future of Shipping. Among the presenters were Sara Rogerson, senior researcher at Maritime at RISE together with Linda Styhre from IVL Svenska Miljöinstitutet (Swedish Environmental Research Institute), who presented insights from a research project focusing on how to drive the transition to sustainable shipping. This project focuses on the ports of Luleå, Piteå, Skellefteå and Umeå along with cargo owners sending cargo through these ports and shipping lines transporting their cargo. The project is funded by the Swedish Transport Administration and run by RISE and IVL. The topic of the presentation by Sara and Linda was initiatives for sustainable shipping in northern Sweden.   - In the project, we've interviewed transport buyers, ports, and shipping companies. Ambitions are as high as the willingness to move forward towards green shipping, says Vendela Santén, strategic manager and lead researcher maritime logistics at Maritime at RISE. Collaboration and dialogue on possible solutions are key factors here. - We also see that a lot has happened in recent years and there is a lot of pressure on the green transition in the industry in northern Sweden, says Sara Rogerson. #framtidenssjöfart

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According to Tina Revsbech CEO of Maersk Tankers, the EU’s many regulations make it difficult for shipping companies to compete internationally. "Within Europe, it’s fine because everyone plays on a level playing field. But that’s the problem. We compete on an international level,” she says. #shipping #freight #oceanfreight #regulation #sustainability #energytransition #business #globaltrade

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Meet Per Funch-Nielsen, the driving force behind AuctionConnect 🚀 Per’s deep understanding of bunker procurement processes comes from over 30 years of hands-on experience in the bunker and maritime industry. This extensive market knowledge has led him to develop AuctionConnect to optimize your procurement. His strategic insights and commitment to innovation help you navigate the complexities of bunker procurement with ease, ensuring efficiency and maximizing fuel cost savings. Connect with AuctionConnect to see how this expertise can enhance your procurement strategy. #bunkerprocurement #optimization #maritimeindustry #bunkerindustry

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Port of Gothenburg, North Sea Port, and DFDS welcome Port of Antwerp-Bruges to the Green Shipping Corridor and bolsters the green ambitions of the project. By 2030, two ammonia-fuelled ro-ro vessels are expected to operate on the routes between Sweden and Belgium, and the ports will step up efforts on electrification and ammonia bunkering, potentially making it the world's first green ammonia shipping corridor for freight vessels The Green Shipping Corridor spans 2,500 kilometers, connecting 11 European countries. The ammonia-vessels will be complemented by electric trucks and rail transport on land, as well as onshore power supply for the vessels. Therefore, efforts are being intensified by the ports to facilitate electric terminal operations and enable safe ammonia bunkering. "The Port of Gothenburg is already in the early stages of developing operating regulations for a safe and efficient handling and bunkering of ammonia propelled vessels. We are also working on establishing an ammonia value chain, with the purpose of being able to facilitate everything needed for ammonia propelled vessels calling and bunkering in the port on a regular basis in 2030 and beyond" says Patrik Benrick, Head of Strategic Development & Innovation at the Port of Gothenburg. Read more here: https://lnkd.in/dxxJrVMx #greencorridor #shipping #bunkering #portofgothenburg

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