One bankrupt estate could pay for everything in OW lawsuit

OW Bunker overførsel olie Suppliers:

One single bankrupt estate could end up paying for everything if creditors in the five estates left following the OW Bunker case lose their case against the former executive management team and equity fund Altor. The trustee expects clarification in October before the case is summoned.

Crew interrogated about their effort in tragic shipwreck

clipperhebe.jpg Carriers:

A shipwreck in the Mediterranean this summer had a fatal ending for hundreds of migrants, in spite of the crew on tanker Clipper Hebe implementing rescue efforts. The crew was then interrogated by Italian authorities about the adequacy of their effort. Shipowners call it a matter of principle.

Maersk and Boeing join forces to hunt sulfur violators

_R4B0860b.jpg Carriers:

The two industry behemoths Maersk and Boeing are now joining forces with, among others, the Danish Maritime Authority in seeking help from students at the Denmark's Technical University which, in an upcoming competition, will present their proposals for how to enforce the coming IMO sulfur emission requirements.

Port workers protest conditions of stranded Hanjin officers

Hanjin long beach LA.jpg Container:

It is in violation of human rights when officers deployed on the stranded Hanjin vessels off the US coast are denied shore leave, says the International Transport Workers' Federation, ITF. The conditions for Hanjin's officers have triggered demonstration by port workers.

Shipping loans force Commerzbank to large-scale layoffs

Commerzbank.jpg Suppliers:

Major German shipping bank Commerzbank, also Germany's second-largest bank, will lay off close to 10,000 of the bank's total 45,000 full-time employees. Commerzbank's non-performing shipping loans are largely to blame for the bank's crisis, reports Reuters.

Hafnia Management: OPEC deal could boost product tanker

IMG_6980.JPG Tanker:

Wednesday's OPEC output deal has triggered a significant climb in the oil price, and this is healthy for the market, Hafnia Management CEO Anders Engholm tells ShippingWatch. Especially for product tankers, he says. ABN Amro's shipping analyst projects rising spot rates in crude, but only on the short term.

Scorpio Group does away with maligned fees

IMG_3322.JPG Bulk:

Management at the Scorpio group will no longer automatically collect one percent in fees for all vessels purchased or sold through Scorpio Bulkers and Scorpio Tankers. However, management can still collect fees through Bulkers if the share price exceeds USD 5.

New Job

Klaus Rud Sejling
New title: CEO
New employer: Damco

Per Mølris, bedre beskæring.jpg
Per Mølris
New title: VP, Head of Technical Operation
New employer: DFDS

Peter Matthiesen
Peter Matthiesen
New title: CIO
New employer: Blue Water Shipping

Claus Larsen
New title: CCO
New employer: Niels Winter Shipping