A big part of the Danish shipping industry is already speculating about whether Jesper Lok - formerly of Maersk and soon-to-be former head of DSB, the Danish state-owned railroad service - is set to become the new CEO of Norden. His profile fits the bill, observers say.
Norwegian supply company EMS Seven Seas has been de-listed from the Oslo Stock Exchange by its new owner, Supreme Group. Furthermore, an internal letter in the company states that CEO Toril Eidesvik is on her way out, sources tell ShippingWatch.
The expansion of the Panama Canal has become significantly delayed, but administrator Jorge Quijano states in an interview with ShippingWatch that the first ships will be able to transit the new canal in the 1st quarter 2016.
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.
APM Terminals have been contacted by several parties about new port projects in relation to the planned Nicaragua Canal. It is still too early to decide anything, Joe Nielsen, CEO Latin America, tells ShippingWatch.
All of Torm's lenders have extended the carrier's working capital facility for another six months. This enables the company to work peacefully to secure a finalized capital structure, Torm tells ShippingWatch.
The past week brought numerous second quarter interim reports, especially from John Fredriksen's companies, while Maersk Container Industry got a new CEO and the first names attending Danish Maritime Days were revealed.