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Panalpina grows sales

Revenue is growing at Swiss Panalpina, which competes with logistics majors such as Denmark's DSV. But the operating income has dropped, shows the third quarter interim report.

This week's top stories on ShippingWatch

Clipper CEO Peter Norborg discussed the carrier's restructuring, while other bulk players also put their cards on the table. EU Commissioner Margrethe Vestager shared her views on the container industry, and a new solution for sulfur requirements was presented. All this week on ShippingWatch.

HSH Nordbank nearing a sale

CEO of HSH Nordbank, Stefan Ermisch, tells German media that the bank is close to a solution and that an equity fund would be the right buyer.

Another bunker supplier leaves Singapore

One more bunker company has decided not to renew its license in Singapore and will thus leave the vital market for marine fuel trading. This marks the third company to leave Singapore in just a short period of time.

Nordic maritime arbitration faces fierce competition

Several maritime arbitration institutes around the world are currently looking to take over cases from the world's top market in London. A Nordic arbitration unit would thus face fierce competition from places such as Singapore, were cases are accruing rapidly.

DNV GL books half-year deficit

Classification bureau DNV GL suffered a bottom line loss in the first half of the year, and saw its number of employees dip. The problems in shipping will last until 2018, and even longer for offshore, CEO Remi Eriksen tells Finansavisen.

HSH Nordbank worried about Chinese-financed newbuild boom

Chinese leasing companies contribute to financing vessels which are not really needed, says HSH Nordbank's Global Head of Shipping, Christian Nieswandt, to ShippingWatch. Danske Bank and Danish Ship Finance have also noted a "different competition scenario."

This week's top stories on ShippingWatch

Maersk said goodbye to another two chief executives this week. Net wage scheme lures vessels back to the German flag. Maersk Line secured vital Hamburg Süd approval, but the carrier could have difficulties changing flags. Here are this week's top stories.

Bunker Holding reports ready for global emissions cap

Even though Bunker Holding is still calling for some indicators of direction from the sector in light of the 2020 global sulfur cap, the bunker supplier is ready to supply four products, Peter Zachariassen, the company's head of physical, tells ShippingWatch.

DNV GL tasks 1000 employees with digitalization drive

Classification bureau DNV GL will establish a new Digital Solutions organization, which will task 1,000 employees with accelerating the digitalization drive and to "leverage the full potential of an increasingly digital world."

Nordic maritime arbitration expected to be ready next year

The framework for a Nordic maritime arbitration is now ready, and the project is entering its final stage, says Henrik Thal Jantzen, Chairman of the Danish Maritime Law Association. "We'll have it implemented before the end of the year."

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