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Monjasa's fate in fraud case will be decided Monday

On Monday, Denmark's Western High Court will issue its verdict in the protracted fraud case against Danish bunker company Monjasa and founder Jan Jacobsen. The appeal case brought new witnesses and evidence from the defense which maintains the innocence of its clients.

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Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

Giant vessels pouring into the Port of Hamburg

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The new ultra-large container vessels have left a significant impression on the Port of Hamburg, which handled more larger ships in the first nine months of the year. Container freight to the port has grown, while the bulk cargo trade is stable compared with last year.

This week's top stories on ShippingWatch

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The Monjasa appeal case progressed, three major Danish carriers released third quarter results and Torm announced plans for a listing in New York. These were among the headlines over the past week on ShippingWatch.

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EU has no overview of North Korean forced labor

North Korean employees working as forced labor have likely worked on vessels for Maersk and the Danish defence. However, nobody knows exactly how many North Koreans are working in Europe, the EU's foreign affairs representative tells Danish MEP Jeppe Kofod.

These are Norway's oil investments

Norway's Government Pension Fund Global recommends selling its stocks in oil and gas because it finds that Norway is too exposed to the sector. The fund has oil stocks worth hundreds of billions of Norwegian kroner. Learn here where the money is invested.

Hapag-Lloyd turning away from scrubbers as sulfur cap solution

While Hapag-Lloyd is still considering how the fleet of more than 200 vessels will comply with the global sulfur cap, CEO Rolf Habben Jansen virtually reveals the carrier's decision in an interview with ShippingWatch. "We are not leaning toward scrubbers," he says. However, LNG is a possibility.

Monjasa's defense criticizes evidence: It's deception

Inadequate investigation from the prosecution has made it necessary for Jan Jacobsen to find new evidence in the fraud case against himself and his company Monjasa, according to the defense, which is arguing for an acquittal.

See Maersk's first autonomous ship in action

Together with Rolls Royce, the Maersk Group's towage company Svitzer unveiled a vessel which could represent the future of shipping. Watch the video of the remote-controlled vessel sailing in a Copenhagen harbor.

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Emanuele Grimaldi: More growth at Finnlines after record profit

Finnlines, like major Danish peer DFDS, is also looking at the possibilities of making acquisitions and adding new routes and markets to its portfolio. But there is nothing specific on the table for now, CEO and President Emanuele Grimaldi tells ShippingWatch after new record profit.

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