Consulting engineers Niras has established a solid presence in West Africa with projects that include developing the port in Lomé, Togo, for MSC. The market is lucrative, but the business needs to grow even further, the company tells ShippingWatch.
As ShippingWatch recently reported, Norwegian supply company EMS Seven Seas has performed a managerial reshuffle. The company has now found its new CEO in Danish Lars Rosenkrands, formerly of Maersk and J. Lauritzen.
A big part of the Danish shipping industry is already speculating about whether Jesper Lok - formerly of Maersk and soon-to-be former head of DSB, the Danish state-owned railroad service - is set to become the new CEO of Norden. His profile fits the bill, observers say.
In spite of several optimistic years for MR product tankers, 2014 looks set to become a major disappointment. Spot rates are down 42 percent in the first eight months of the year, according to Lloyd's List.
Even though Royal Arctic Line expects a profit for 2014, the situation remains tense and the carrier needs new solutions, the company tells ShippingWatch. However, the nature of these solutions remains far from certain.
Danish International Ship Register accounts for the fastest growth among the major flag registers in 2014. In addition to Maersk Line's Triple-E ships, this development is caused by a broad influx of new tonnage.
Requirements and regulations aimed at the global shipping industry make a growing number of shipowners look toward quality registers, says Peter Appel, attorney and Managing Partner at Gorrissen Federspiel.
CMA CGM did not have any choice but to find an alternative to the P3 alliance as quickly as possible, says the carrier's head of East-West traffic, Nicholas Sartini, in an interview with ShippingWatch.
Norwegian supply company EMS Seven Seas has been de-listed from the Oslo Stock Exchange by its new owner, Supreme Group. Furthermore, an internal letter in the company states that CEO Toril Eidesvik is on her way out, sources tell ShippingWatch.
Carriers are increasingly performing stopovers in Russian ports such as St. Petersburg, Vladivostok and Vostochny in the Far East of the Russian bunker market. The attraction is caused by the lower bunker prices.
The Danish government is preparing for a dispute with Canada concerning territorial rights for the ocean floor and potential oil and gas discoveries in the Arctic, according to Danish newspaper Information.