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CEO on Statoil contract: "Important in today's market"

Solstad1.JPG Offshore:

It came as very good news at a tough time for the offshore sector when Statoil this Wednesday awarded long-term vessel contracts to four carriers for a total value of NOK 3.1 billion. "It's important to secure long-term contracts in today's market," DOF's Chief Exec tells E24.

Shipping and offshore's new financiers come from China

IMG_4359.JPG Services:

Chinese leasing companies have stormed into shipping and offshore accounting for 15 percent of new loans in 2016, according to new figures. ShippingWatch has met two of the new bankers which the maritime industry should start getting used to. "It's strictly commercial," they say.

Dry bulk terminals fail test of high-risk cargoes

8starbulk.jpg Bulk:

The current methods for testing whether a dangerous cargo is at risk of liquefaction during sailing are inadequate and should be changed, says the Association of Bulk Terminal Operators, citing various samples of cargoes which have become liquefied despite passing tests.

This week's top stories on ShippingWatch

SISSIMIUT_1076.jpg Carriers:

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.

"An industry downturn is exactly what we need"

Herman Billung.jpg Bulk:

The dry bulk carriers, sore after several tough years, are becoming increasingly optimistic about the future. But Herman Billung, who recently established dry bulk investor Songa Bulk, praises the slowdown in the sector. "Another six months and we'll be home free," he says.

Bugbee calls on competitors to join forces

IMG_3322.JPG Tanker:

Not long ago, observers had little interest in Robert Bugbee as the Scorpio project looked set to fail. Now he is the man who has done what everyone is talking about in product tanker, and in an interview with ShippingWatch he calls on competitors to follow his lead.

Sons have taken over at family-owned dry bulk carrier

alpina-samlet.jpg Bulk:

The sons have taken over the reins at dry bulk shipowner Alpina Shipping, which is operated in close cooperation with family-owned Dubai-based company Tomini Shipping. "We can see that decision-making processes are much quicker than if a company is run by a bank or a fund," says CEO.

Billion-dollar Brazilian exports hit hard by container shortage

brasilien-kød-eksport.jpg Container:

Food goods are towering up on Brazil's east coast and every part of the supply chain from exporters, to port terminals, and warehouses are struggling with a lack of refrigerated containers. Carriers such as Maersk Line, MSC, and Hamburg Süd have moved containers to other locations in Latin America where rates are higher, critics tell ShippingWatch.

Oldendorff continues aggressive fleet expansion

13_fleet_helena_jpg_313968310.jpg Bulk:

While many dry bulk carriers are struggling severely with their finances, the Lübeck-based family-owned carrier Oldendorff continues its massive fleet expansion. Market observers are puzzled by the development. Read on to learn how many ships the fleet now covers.

Hafnia Management's fleet expanded by 40 percent

HD - Anders E.jpg Tanker:

In just one year, Hafnia Management has increased its fleet in the company's three tank pools by 41 percent to 106 vessels, making it the world's third largest pool operator. The ambition is to operate more Handysize and MR vessels, says CEO Anders Engholm to ShippingWatch.

This week's top stories on ShippingWatch

hapag-lloyd.jpg Carriers:

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.

Dubai sets out harsh sanctions for Qatar vessels

dubai.jpg Carriers:

Dubai has opted to bar virtually all vessels headed to Qatar regardless of flags. This is evident from a notice issued by authorities in Dubai which ShippingWatch is in possession of. But there is still widespread confusion about how the gulf states will handle the boycott of Qatar.

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