Pureteq's Board of Directors has decided to focus all its energy on the scrubber market. We have to be a multi million dollar business, says CEO Anders Skibdal, who is also halting the company's production of ballast water management systems for the time being.
The first quarter was surprisingly bad for dry bulk, but one of the world's biggest operators, Pacific Basin, is pleased to have achieved above-average spot rates in the market. The 2nd half of 2014 looks good, says the carrier.
If 2014 was supposed to be the beginning of better times for the international shipping industry, most segments are still waiting to see the first dawning signs. ShippingWatch presents your Easter reading below.
One of the world's largest tank carriers, Russian Sovcomflot, does not believe that the country can be isolated in light of the Crimea crisis. Western interests make up the carrier's core business amongst customers and banks.
A proposal by the EU Commission aims to equate seafarers with employees working on land when companies are sold and in relation to collective lay-offs: Highly problematic, says shipowners and members of the European Parliament.