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Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Last week's top stories on ShippingWatch

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Trendsetting companies in sectors such as tanker presented financial reports, APM Terminals opened up about the future partnership with Maersk Line, and we got to know a shipping company which usually subscribes to a great degree of discretion. This week's top picks on ShippingWatch.

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Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

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Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

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Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

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Hyundai Merchant Marine singapore havn port container Carriers:

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Last week's top stories on ShippingWatch

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Mitsui OSK Lines was blamed for a dramatic 2013 wreck, Hyundai Merchant Marine lashed out at Maersk Line, while Kristian Mørch talked about his turnaround of Odfjell this week on ShippingWatch, which also brought news about Thorco, Rickmers Maritime, and the oil sector.

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Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Last week's top stories on ShippingWatch

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Maersk finally presented its plan for what the group will look like going forward, and what will be sold off. The group also received some rare criticism from Denmark's conservative government. A new shipping bank saw the light of day, and another wants to be global. Here are this week's top picks on ShippingWatch.

Last week's top stories on ShippingWatch

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Maersk Line is one potential buyer in huge transaction rumored to be imminent in the container market. OPEC may be inching closer to a deal that would benefit tanker carriers. And the crisis deepens among supply carriers. Here are some of this week's top stories on ShippingWatch.

This week's top stories on ShippingWatch

DFDS CEO Niels Smedegaard 2-version1 Carriers:

DFDS delivered another strong quarterly result during the past week of financial reports from several carriers, Maersk got burned by its own restructuring, and both bulk and tanker saw more setbacks. These were just some of the top stories this week on ShippingWatch.

Last week's top stories on ShippingWatch

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The IMO reached agreement on the global sulfur directive, a list of Hanjin's creditors was published, and senior executives from the maritime sphere gathered for the Danish Maritime Forum in Copenhagen. Read about ING's lost OW Bunker case, struggling multipurpose carriers, and Maersk Line.

Nordea impairs value of its oil loans

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Major Scandinavian bank Nordea has downgraded its shipping and oil loans by EUR 200 million in the third quarter. According to a press release following the third quarter results, the offshore market in particular is weighing the industry down.

Last week's top stories on ShippingWatch

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Mads Zacho explained how he plans to get J. Lauritzen back on its feet, Maersk's shipbreaking troubles intensified, and two Norwegian shipping families joined forces in a new bulk partnership between Grieg Star and Gearbulk this week. Read about how shipping talent is developed as well.

Last week's top stories on ShippingWatch

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Maersk's return to the controversial scrapping beaches in Alang, a time-frame for the developments toward unmanned vessels, and Maersk Line''s competitors are now noting surprising developments at the group after the split. Here are this week's top stories on ShippingWatch.

Last week's top stories on ShippingWatch

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The collapse of South Korea's Hanjin Shipping and the severe problems caused by the receivership for the container carriers' customers in particular, alongside the final ratification of the IMO's ballast water convention, took center stage this week on ShippingWatch.

BY TOMAS KRISTIANSEN Germany’s Oldendorff Carriers has never bought as much bunker as it did in 2016, according to numbers from the carrier. The Singapore office alone accounted for more than one third of the purchases. BY TOMAS KRISTIANSEN Major German dry bulk carrier Oldendorff Carriers, based in Lübeck, bought record volumes of bunker in 2016, according to numbers from the carrier. The company’s total bunker purchases last year came to 2.7 million tons, of which 1.1 million tons alone were purchased by the Singapore office. The massive bunker volumes are closely tied to the fact that Oldendorff expanded its fleet significantly last year, as recently reported by ShippingWatch. The family-owned company has for years shared the top spot as the world’s largest dry bulk operator with American-but-Geneva-based Cargill Ocean Transportation. Both companies have traditionally operated fleets of close to 500 vessels, a fact which has pushed the companies to the top of their field. But Oldendorff took a major step forward last year – a move that came at a time when the dry bulk sector was mired in its most severe crisis ever. Including newbuildings, Oldendorffs fleet reached 636 vessels, compared to the beginning of 2016 when the fleet, according to Oldendorff’s website, counted 500 vessels, of which 375 were on time-charter. Oldendorff is in the process of strengthening its two bunker hubs – in Hamburg and Singapore., respectively – a development which most recently resulted in the hiring of Veryan Bell, who brings 17 years of industry experience from serving with Cockett and OW Bunker, and who will be based at the Hamburg office, which already employs five people. In addition to the two offices, Oldendorff’s bunker division has a back-up team based in Lübeck. Jens Maul Jørgensen is head of bunker procurement for Oldendorff, and he moved to the Singapore office last year after having been based in Lübeck for the past several years. He chaired the International Bunker Industry Association, IBIA, until April 2016, and he made his mark through, not least, an unusually direct criticism of the industry’s unwillingness to use bunker of sufficiently high quality.
Oldendorff sets new bunker purchase record

Germany's Oldendorff Carriers has never bought as much bunker as it did in 2016, according to numbers from the carrier. More than one third of the purchases were made in Singapore

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Test your ShippingIQ

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

Services
This week's top stories on ShippingWatch

Perhaps Maersk Line can expect a positive result in its interim report, set for release next Wednesday. The battle for the ballast water market has begun. John Fredriksen struggles with two separate issues. And Shipping and offshore are hurting banks. Read this week's top picks on ShippingWatch.

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Test your ShippingIQ

Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

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