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This week's top stories on ShippingWatch

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A bomb threat on a Maersk vessel in the US, a shortage of containers in Latin America's largest economy, and several member states urging the EU not to change national subsidy rules were among this week's top stories on ShippingWatch.

Monjasa has shut down London oil venture

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Bunker group Monjasa has halted its ambitions in shipping larger oil cargoes, a venture which was launched two years ago. An office in London dedicated this venture has been shut down. We want to focus on our core business, the group's COO tells ShippingWatch.

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.

IBM: How we can save shipping billions of euros

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Maersk Line and IBM are completing their so-called blockchain solution aimed at reducing the shipping sector's reliance on documents. The industry as a whole can save billions of euros, says IBM's head of global trade digitalization, Norbert Kouwenhoven, in an interview with ShippingWatch. Read on to learn how the many billions of euros will be saved.

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.

Wilhelmsen creates digital innovation center

Inge André Sandvik.jpg Carriers:

Alongside firms such as DNV GL and the Kongsberg Group, Norway's Wilhelmsen will now launch a new maritime innovation center for the development of future solutions in shipping, CDO Inge André Sandvik tells ShippingWatch. He himself is new to the shipping industry.

MPC Capital is now buying container ships

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German asset manager MPC Capital has now tapped into USD 100 million the company raised back in April. MPC has purchased seven container ships, while another six are headed for delivery. Hamburg Süd's CEO will join the board of directors at MPC Container Ship.

Last week's top stories on ShippingWatch

Carriers:

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.

Singapore wants more investors to enter the field

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Despite its indisputable role as the world's shipping center, financing for maritime companies has been lagging behind in Singapore, and the country will now work to bring carriers and investors closer together. The understanding of shipping as an investment represents one of the challenges.

This week's top stories on ShippingWatch

lauritzen1.jpg Carriers:

J. Lauritzen's bondholder dispute was resolved, the carrier relying on money from its owner. More details emerged about the EU approval of Maersk's takeover of Hamburg Süd. And Rickmers Maritime had to throw in the towel. Keep up with this week's top stories on ShippingWatch.

This week's top stories on ShippingWatch

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Significant resignations at J. Lauritzen, large deficits from Hapag-Lloyd and the rest of the container sector, the Maersk Group General Assembly, and massive volumes of oil left on two sunken Maersk vessels featured among this week's top stories.

Maersk family injects millions in new investment fund

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The Maersk family and its four partners in the investment company Navigare Capital Partners, which will manage pension funds worth over USD 300 million, have injected upwards of DKK 100 million (USD 14 million) in a new fund, which will likely be the first of several funds aimed at investing in shipping.

Last week's top stories on ShippingWatch

johan.jpg Carriers:

Shipowner Johan Wedell-Wedellsborg opened up about the sale of Stena Weco to Stena Bulk, Maersk Group CEO Søren Skou is building a new CEO Office, and the dry bulk shares have skyrocketed in 2017 so far. Here are this week's top picks on ShippingWatch.

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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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This week's top stories on ShippingWatch

hamburgsud4.jpg Carriers:

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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