Bondholders could knock down J. Lauritzen's bank deal

Mads Zacho 4.jpg Bulk:

Two thirds of the bondholders need to vote in favor of repayment of their loans being postponed, otherwise J. Lauritzen's entire, new refinancing package, including backing from the banks and owner Lauritzen Fonden, will collapse. ShippingWatch has interviewed CEO Mads Zacho about the prospects.

J. Lauritzen suffers new full-year deficit in 2016

lauritzen1.jpg Bulk:

Hard-pressed dry bulk carrier J. Lauritzen was hit with yet another deficit in 2016, a result management deems unsatisfactory. However, the carrier's CEO Mads Zacho has been able to settle the main terms of the refinancing deal with banks that was crucial for the company's future.

Eimskip ready for more acquisitions after record year

eimskip-lagarfoss.jpg Container:

Icelandic container carrier Eimskip booked record-breaking earnings in 2016. Management expects that the positive trends will continue in 2017 where the acquisition of two logistics companies is expected to boost business. The carrier is still looking for more acquisitions.

Last week's top stories on ShippingWatch

gbghamn-heli16_41a1726.jpg Carriers:

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.

Shipping investors will fill the gap left by the banks

Luxembourg.jpg Suppliers:

A series of renowned shipping names, including Blystad Group, are behind the new company Maritime Asset Partners, which will offer alternative financing to shipping companies. USD 150 million are ready to be invested. "We can raise more money according to our needs," head of the company Nick Roos tells ShippingWatch.

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Rolls-Royce ubemandet.jpg Carriers:

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Deutsche Bank sees increasing MR-rates

Torm1.jpg Tanker:

The first full-year results of the product tanker segment spell good news for the industry going forward, Deutsche Bank shipping analyst Amit Mehrotra tells ShippingWatch. He sees daily MR-rates improving over the next two years.

Analysts eye two bright spots for heavy lift vessels

Hansa Heavy Lift Hamborg Tomas Dyrbye Bulk:

The market for heavy lift transport and multipurpose has been ailing for several years now, and 2017 looks set to be another difficult year for the industry, which will have to look to new areas in order to fill its vessels. Douglas-Westwood points to two segments with potential in a new analysis.

IMO will for the first time work from an exact strategy

MEPC.jpg Carriers:

The UN International Maritime Organization has adopted a concrete strategy for the organization's work for the first time. The strategy includes seven guiding points and three principles which will be thought into all aspects of the work, Jesper Loldrup, Head of the Office of the Secretary-General's Policy and Planning Unit, tells ShippingWatch.

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Maersk Tankers expects tough market in 2017

Christian%20M.%20Ingerslev%20-%20Chief%20Executive%20Officer.jpg Tanker:

CEO Christian M. Ingerslev of Maersk Tankers does not eye improvements in the product tanker market until the second half of 2018. The timing will coincide, however, with settling a solution for the carrier's independent future outside of Maersk. One option is going public.

Here is an overview of the Maersk annual report

Maersk Tankers slæbebåd towage Container:

Maersk Line, the world's largest container carrier and the Maersk Group's core business, emerged from 2016 with a resounding loss, and the group as a whole lost nearly USD 2 billion, mainly due to the offshore segment. Here is an overview of Wednesday's annual report from Maersk.

Ardmore Shipping takes big hit in 2016

Ardmore Seaventure1.jpg Tanker:

Ardmore Shipping saw its full-year result plunge, and the product tanker carrier suffered a deficit in the final quarter of 2016. The carrier's CEO attributes the decline to high inventory levels and a large influx of vessels, though he is optimistic about developments going forward.

Taiwanese carrier beats Maersk in reliability

wanhai2.jpg Container:

Taiwanese carrier Wan Hai has knocked Maersk out of first place in the ranking of the most reliable global carriers. Maersk Line has dropped down to number five on SeaIntel's annual list. However, this is not because the Danish carrier is getting worse at keeping to its schedule.