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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

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Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

New Job

  • Henrik Hyldahn

    New title: SVP, Business Development
    New employer: ShipServ
  • Thomas Jarde

    New title: VP, Chartering Bulk
    New employer: Clipper
  • Michael Krabbe

    New title: CFO
    New employer: Maersk Supply Service

Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

Bulk recovery faster and stronger than expected

Growth in the dry bulk market is surprisingly strong and driven by Chinese appetite for iron ore as well as the large Capesize vessels, assesses JP Morgan ahead of the release of many third quarter reports.

Tidewater hunting for new CEO

In August, US offshore carrier Tidewater finalized its restructuring. Now the board is hunting for a new CEO to lead the carrier through a period that remains challenging.

Rivals fear Maersk supremacy in new digital era

Maersk is leading the charge in the impending digital revolution which is aimed at saving the shipping industry billions of dollars. However, many people fear that Denmark's shipping behemoth is building a lucrative monopoly.

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