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This week's top stories on ShippingWatch

The Monjasa appeal case progressed, three major Danish carriers released third quarter results and Torm announced plans for a listing in New York. These were among the headlines over the past week on ShippingWatch.

These are Norway's oil investments

Norway's Government Pension Fund Global recommends selling its stocks in oil and gas because it finds that Norway is too exposed to the sector. The fund has oil stocks worth hundreds of billions of Norwegian kroner. Learn here where the money is invested.

60 dollar oil price triggers shimmer of hope at DOF

Q3 did not go according to plan for Norway's DOF which landed an operating deficit of NOK 41 million in the wake of major impairments. There were many challenges but the rising oil price incites hope in the company's board of directors.

Solstad Farstad starts off with huge loss

New major offshore carrier Solstad Farstad suffered a larger deficit than expected for the third quarter, which brought the first financial report from the new company. Solstad Farstad expects that the market will remain weak in the short term.

Nordea: Calm period for oil could be over

In a new estimate, Nordea Markets adjusts its forecast for the oil price over coming years. There is rising political unrest, while "the sky is the limit for the oil prices" if war breaks out in the Middle East, writes oil analyst Thina Saltvedt.

Maersk expects solution for Drilling within next year

Unemployed rigs and the decision to hand off the drilling division have resulted in a major impairment for Maersk Group. The group states that "a structural solution for Maersk Supply Service, remains to be defined" within the next 12 months. Meanwhile, Maersk Oil saw its result roar ahead in this year's third quarter.

This week's top stories on ShippingWatch

China builds strength in the improving container sector, banks clean up the multipurpose fleet, Danish OMT carries out large-scale layoffs, and several disputes in the bunker sector characterized this week on ShippingWatch.

Analyst: Oil market at its most solid since before collapse

Following the summer downturn, the oil price rose to its highest level in over two years this week. The oil countries' production cap has generated optimism among analysts speaking to ShippingWatch. However, it is critical the production cuts are extended, or prices could slip again.

A single unknown number will form Maersk's Q3 report

Maersk is headed in the right direction. This is true in terms of the financials as well as the complicated process of shaping the future Transport & Logistics business, according to analysts who plan to keep an eye on one figure in particular in next week's interim report.

Prosafe has slashed onshore workforce in half

In onshore alone, accommodation rig company Prosafe has reduced its workforce by almost 100 people over the past year, CEO Jesper Kragh Andresen tells ShippingWatch after the publication of the company's Q3 results.

Oil output threatened as Norway explorers neglect North Sea

Norway's oil output could come under further pressure because oil explorers are neglecting the North Sea. This development could exacerbate an expected slump in the country's oil production in the middle of the next decade, regulator warns.

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