One of the largest investment funds in Europe, Danish ATP, now levels an unusually harsh critique against OW Bunker's executive management team. "The management has caused a breach of trust," ATP's Head of Equity Claus Wiinblad tells ShippingWatch.
Dieter Berg of insurance company Munich Re was elected new President of the International Union of Marine Insurers, IUMI, in September. Read on to learn which challenges he sees for the industry going forward.
Danish candidate enters the race to become IMO Secretary General, OW Bunker's new downgrade and Turkish Yildrim's European acquisition plans took center stage this week, alongside numerous other stories on ShippingWatch.
The EU Council lacks ambitions for the ministers' own ports, says the European shipowners' association in a critical statement before the EU Commission's third attempt at approving an already watered down proposal.
The powerful Turkish investor and major shareholder in the world's third-largest container carrier CMA CGM, Yildirim Holding, plans to sell its stake in the carrier next year, CEO and President Robert Yuksel Yildirim tells ShippingWatch.
Icelandic energy vessel management company Marorka aims for a strong growth in the years to come, the company's new CEO Ole Skatka tells ShippingWatch. The company is opening more offices and has recently established a branch in Denmark.
John Fredriksen's investment company Geveran Trading has purchased additional shares in Norwegian Flex LNG and now owns 42,32 pct. Fredriksen aims to acquire all shares in the carrier, says Flex LNG in a brief to the stock exchange.
Ahead of the implementation of the new sulfur regulations on January 1st 2015, the Global Shippers Forum, GSF, informs that the organization has heard virtually nothing from the shipowners. How much will the sulfur regulations cost us, asks Secretary General Chris Welsh.
Earlier this year Avance Gas was highly determined to consolidate, but now the major Norwegian gas tanker carrier has become somewhat more hesitant. "We can't achieve very much on the short term through consolidation," CEO Christian Andersen tells ShippingWatch.
Denmark's Andreas Nordseth will have to go through several appointments and votes before he can sit down at the head of the table as Secretary General of the IMO. And he will also be running against other prime candidates for the job. Read on to learn who: