ShippingWatch has met the man with the shabby sweater who re-entered the shipping market five years ago, convinced investors of his capabilities and now has the hugest order books of them all: Scorpio Tankers CEO Robert Bugbee.
Svitzer, part of Maersk Group, has just approved its strategy for the next years. So far, wreck removal has been a relatively small unit in the global company. Now, the aim is to become a leader in that segment.
Even though the situation in the Ukraine is escalating, and the EU and the United States are threatening with further sanctions, the US import from Russia has not been affected. Quite the opposite, in fact.
One of the world's largest tank carriers, Russian Sovcomflot, does not believe that the country can be isolated in light of the Crimea crisis. Western interests make up the carrier's core business amongst customers and banks.