ICS: Competing interests could make it difficult to scrap ships

5884414430_dcf460f5be_b.jpg Carriers:

It would be best for the sector as a whole if more carriers sent ships to be scrapped. But it does not always make sense for the individual carrier, and as such, it could become difficult to get rid of the current overcapacity, notes the International Chamber of Shipping in new report.

Collaboration heralds new era for Royal Arctic Line

Verner Hammeken.jpg Container:

Royal Arctic Line’s cooperation with Eimskip means that the Greenlandic carrier for the first time will be able to reach the rest of the world without calling in Denmark. The two carriers now plan to invest in three new vessels, while a container collaboration could be underway.

This week's top stories on ShippingWatch

Jan Kastrup-Nielsen 1 Carriers:

J. Lauritzen said goodbye to CEO Jan Kastrup-Nielsen, who wound up serving three years as Chief Exec of the struggling dry bulk carrier. Maersk sent its first ship to Alang, while Dong published its IPO prospectus this past week on ShippingWatch.

Dong: Hejre provisions could increase significantly

hejre.jpg Offshore:

Dong Energy has published its prospectus aimed at spurring investors from all over the world to invest in the Danish energy group. However, an investment in Dong comes with a long line of risks, according to the prospectus. Provisions related to the failed Hejre project could "increase significantly."

First Maersk vessel arrives at the beach in Alang

alang-maersk.jpg Container:

Maersk Wyoming arrived Tuesday to India's infamous Alang beach where it will be scrapped at the Shree-ram yard. The vessel is the first of two sent to be scrapped in India in a move which marks a break from the carrier's former scrapping principles. See the image of the vessel's arrival below.

New Job

Michael Elwert.jpg
Michael Elwert
New title: CEO
New employer: Elektrans (01.04.16)

Tejs Beltov
Tejs Beltov
New title: Market Area Director Scandinavia
New employer: Cargotec, Kalmar (01.05.16)

Bjørn B. Christiansen
New title: CEO
New employer: Danske Havne (01.05.16)

Mattias Hedqvist.jpg
Mattias Hedqvist
New title: Chief Claims Officer
New employer: Skuld