Top grades are required to get into the popular shipping bachelor program, International Shipping and Trade, at Copenhagen Business School. Three universities, from Singapore, US and Denmark, are now in the program.
The oil price is sliding again and is now down to about USD 55 per barrel. This is poison to the energy companies' investments, as the companies have, according to a new assessment, shelved projects for no less than USD 200 billion.
The slowdown in the offshore sector continues to hit employees across the globe. Chevron and oil service company Saipem announce new cost reduction measures that will see a combined 10,000 oil jobs axed.
According to Alphaliner, the major container shipowners do not seem to be waiting for the forthcoming and definitive lifting of the sanctions against Iran. Second-largest container carrier MSC has already been to meetings in Tehran.
The downturn in the offshore market has pulled the rug out from underneath the offshore carriers. Prospects of 20 percent overcapacity in 2016 will force even more carriers to pull ships from the market, Erik Tønne, chief analyst at Clarksons Platou Offshore, tells ShippingWatch.
The Norwegian tanker carrier DHT Holdings, which has six super tankers under construction, delivered an operating profit of almost USD 50 million in the second quarter. The carrier expects that the boom in the market will continue.
For those living off of investments from energy companies, yesterday was not a good day. Statoil will not take a stand on new giant fields such as Johan Castberg until 2016. And Nordea cannot rule out that the oil price will decline to between 40-50 dollars again.