Shanghai is slowly emerging from a grueling COVID lockdown that has all but immobilized the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity.

Nina Østergaard Borris, co-owner and current COO of United Shipping and Trading Company (USTC), takes on new responsibilities in the family-owned business as CEO, succeeding her father Torben Østergaard-Nielsen who will take over as Chairman of the Board of Directors for USTC.

Russian Urals crude exports and transit from its Baltic ports in May are expected to match the initial plan, despite Western sanctions that have hit demand in Europe, according to three traders and Reuters calculations based on shipping data.Official…

Danish offshore vessel owner Maersk Supply Service said Wednesday it had won a long-term contract with ExxonMobil in Angola.The contract is for the provision of project management, engineering, and marine services in support of the development…