One word has reduced the number of bribery cases in the Suez Canal

With just a few means, in the course of two years it has become possible for carriers to get their vessels through the Suez Canal without having to pay the pilots in, for instance, cigarettes. "A milestone," says anti-corruption organization MACN, which is behind the initiative.

New Job

  • Angus Frew

    New title: CEO
    New employer: Bimco
  • Philip Nielsen

    New title: Business & Account Director for EMEA (Europe Middle East and Africa).
    New employer: ShipServ

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This week's top stories on ShippingWatch

Interviews with the CEO's of Maersk Line, Hamburg Süd and Hapag-Lloyd, and a tragic accident on a drilling rig, are among this week's top stories on ShippingWatch.

New Norwegian shipping bank expects another capital increase

CEO Halvor Sveen expects that the recently launched shipping bank Maritime & Merchant will soon need additional capital in order to service the towering demand for credit services in the shipping sector. "It's been a busy year, " he tells ShippingWatch.

Danske Bank: Stena facing tough 2018

In an analysis of Swedish Stena's Q3 report, Danske Bank predicts a tough 2018 for the shipping group. Two potential risk factors stand out, says the bank.

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