A.P. Moller – Maersk has announced that its bunker costs for the first six months of 2026 increased by 9.9% year-on-year (y-o-y) to $3.5 billion. In its Q2 results statement published today (13 August), the company said that the hike had been ‘driven by the higher crude oil prices and additional supply costs resulting from the Middle East situation’. The Denmark-headquartered shipping giant added that the average bunker price increased by 13% to $633 per fuel oil equivalent (FOE) tonne compared to $558 per FOE tonne in the first half (H1) of 2025, but this had been ‘partly offset by bunker […]

Dry bulk and tanker operator Norden has posted a net profit of $100.8 million in Q2 2026, compared to $52 million in Q2 2025. The year-on-year profit boost was achieved despite the company incurring $30 million in one-off costs related to the Persian Gulf conflict, according to the company’s quarterly earnings presentation. In a webinar hosted today (13 August), Norden CEO Jan Rindbo said seven Norden vessels previously stuck in the Persian Gulf had now safely passed through the Strait of Hormuz. The company is not currently operating in the area, judging it unsafe, and is awaiting a peace deal […]

Despite the disruptions to trade flows in the Middle East, DP World has reported a revenue of $12.7 billion for the first half (H1) of 2026, which was up 13.1% year-on-year (y-o-y). In a statement issued today (13 August), DP World said that: ‘Excluding Jebel Ali, container volumes increased 6.5% on a like-for-like basis, with growth across Africa, Asia Pacific, Europe and the Americas.’ Focusing on the situation at its flagship hub in the Middle East, DP World said: ‘Jebel Ali remains fully operational with no physical damage, although the regional conflict has temporarily reduced vessel traffic.’  The ports group […]