The ECB stress test will have zero impact on HSH Nordbank's exposure to shipping. As one of the world's largest shipping banks HSH expects new business worth more than EUR one billion this year alone, the bank tells ShippingWatch.
Swedish Transatlantic, including Viking Supply Ships, has been struggling with a deficit in the first half of the year, but now the company can present a positive result on the bottom line - though the full year will remain in the red.
ShippingWatch has interviewed the coming CEO of bulk carrier Norden; About his strengths and the challenges in an extremely low dry bulk market. He was chosen as one out of 35 top candidates for the job.
There have not been many negative outbursts from the confident Scorpio group. Until now. Scorpio Bulkers has fallen far short of expectations this year, but next year will be good, says the carrier. Just like all the other dry bulk carriers.
While other rig companies are slowing down on the Norwegian shelf, Maersk Drilling maintains that the company will need 550 employees on four new rigs in the coming years - and this makes Norway cheer.
The International Chamber of Shipping has strong reservations about an EU proposal aimed at moving resources from efforts to rescue distressed people in the Mediterranean. "We must rescue anyone who is distressed at sea."
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.
Air & Sea is still the top performing division at logistics group DSV, which achieved a result of USD 111.7 million before taxes in the 3rd quarter. Seafreight exceeds the market with 8 percent growth.