German shipping could be hit hard by large-scale out-flagging unless the framework conditions for German-flagged ships are aligned more with other European quality registers, Ralf Nagel, CEO of the German Shipowners Association, tells ShippingWatch.
Both Siem Offshore, Maersk Supply Service and Farstad - all of them supply carriers servicing the oil and gas industry - point to a weaker first half of the year than expected. Investments in the oil industry are not big enough.
If CMA CGM forms an alliance with UASC and CSCL in the wake of the new collaborative agreement between Maersk Line and MSC, the new alliance would have a market share of around 20 percent on the container trade between Asia and Europe, says Alphaliner.
The Maersk Group's salvage and rescue division Svitzer has just landed three contracts that combined match the Wheatstone-deal, one of Svitzer's biggest contracts in years, CEO Robert Uggla tells ShippingWatch.
Oaktree Capital acquires the dry bulk fleet of Excel Maritime through Star Bulk Carriers. Excel Maritime was until recently controlled by Greek Gabriel Panayotides, who has in the past acted as majority shareholder in carriers such as Torm.
The number of banks with stakes in Torm has dwindled down to five. The Chinese are completely out, and now the decision regarding the future ownership structure is de facto in the hands of European banks.
DNB remains challenged by loans to the shipping industry, though the bank predicts improvements in 2014 and 2015. But many new ships in both dry bulk and tanker could disrupt a potential rebound, says the bank.
Australian mining giant Fortescue has published its annual report for the fiscal year 2013/14, where the company's mining and shipping activities reached record-highs. The order for a total of eight VLOCs has now been confirmed.