Media: Maersk Oil headed for IPO

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Maersk Oil could be listed on the stock exchange in less than six months, reports Danish media Berlingske, based on information from unnamed sources. Meanwhile, the group is shelving IPO plans for Maersk Supply Service and Maersk Drilling, and the future is unclear for Maersk Tankers.

Noreco returns with big plans for the North Sea

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A few years ago, Norway's Noreco faced potential bankruptcy. Today, things have turned around after the company emerged victorious in a Danish insurance claims case. Noreco will now invests large sums on the British and Danish North Sea shelves, reports Dagens Næringsliv.

This week's top stories on ShippingWatch

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Arab boycott of Qatar with the potential to create difficulties for Hapag-Lloyd, the collapse of Germany's Rickmers Group, and tanker carriers such as Torm and Hafnia in play in an expected consolidation wave, were among this week's top stories on ShippingWatch.

Last week's top stories on ShippingWatch

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Another consolidation in the tanker industry. US President Donald Trump will pull the US out of the Paris Climate Accord. 180 years of shipping may come to a end at Rickmers Group. News from Nor Shipping. Read this week's top picks on ShippingWatch.

Prosafe CEO believes in brighter days ahead

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Oil companies are sending positive signals as they seem poised to spend more money, says Prosafe's CEO. He believes in brighter days ahead for the leasing of accommodation rigs – but it will be a long journey, says the Dane with a professional past at J. Lauritzen.

BW Offshore noted setback in first quarter

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BW Group's offshore carrier booked a significantly lower operating profit in the first quarter this year than in the preceding quarter. Following this quarter, the company feels equipped for new projects, citing factors such as a new partnership with ICBC.

CEO bids farewell to Siem Offshore

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The chief executive of Norwegian offshore carrier Siem Offshore has stepped down from the position for personal reasons. His replacement was recruited internally, the company writes in a brief to the Oslo Stock Exchange.

Prosafe suffers setback in Q1

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Revenue tumbles while operations dip into the red for Prosafe. However, there are signs of improvement for accommodation rigs, also called flotels, which could begin as early as next year, projects the company.

New CEO will turn around Israel's Zim

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ZIM will get a new CEO this summer. He will transform and adapt the company to the new reality of the container market, where the carrier sits outside the three major alliances. According to Wall Street Journal, several shareholders are certain of a sale.

Havila Shipping sees weak market until 2019

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The Norwegian offshore carrier saw its deficit grow and operating income dwindle in the first quarter of the year. Havila Shipping completed a large-scale restructuring earlier this year which is expected to give the carrier leeway in a weak market in 2017 and 2018.

Last week's top stories on ShippingWatch


Several EU member states, including Denmark, are currently having their state subsidies to carriers and maritime businesses scrutinized, while John Fredriksen's efforts to take over DHT continue. And ShippingWatch was present at the major shipping conference in Singapore this week.

This week's top stories on ShippingWatch

APM Terminals lays off 160 in Gothenburg in a move to end the protracted port labor conflift. Shipowners look to postpone the ballast water convention by two years. Shippers worry about a shortage of reefer containers. Oil is headed for USD 40. Here are this weeks top picks.