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This week's top stories on ShippingWatch

The Monjasa appeal case progressed, three major Danish carriers released third quarter results and Torm announced plans for a listing in New York. These were among the headlines over the past week on ShippingWatch.

EU has no overview of North Korean forced labor

North Korean employees working as forced labor have likely worked on vessels for Maersk and the Danish defence. However, nobody knows exactly how many North Koreans are working in Europe, the EU's foreign affairs representative tells Danish MEP Jeppe Kofod.

Lauritzen CEO: On the right track, but it will take time

Dry bulk carrier J. Lauritzen finished the third quarter with an operating deficit of USD 9.8 million. Positive with a better dry bulk market, but the carrier is still some way off from turning a profit, CEO Mads Zacho tells ShippingWatch.

Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

See Maersk's first autonomous ship in action

Together with Rolls Royce, the Maersk Group's towage company Svitzer unveiled a vessel which could represent the future of shipping. Watch the video of the remote-controlled vessel sailing in a Copenhagen harbor.

Hapag-Lloyd turning away from scrubbers as sulfur cap solution

While Hapag-Lloyd is still considering how the fleet of more than 200 vessels will comply with the global sulfur cap, CEO Rolf Habben Jansen virtually reveals the carrier's decision in an interview with ShippingWatch. "We are not leaning toward scrubbers," he says. However, LNG is a possibility.

Höegh LNG weighed down by non-recurring items

Norway's Höegh LNG suffered a setback in the third quarter of the year, which resulted in a USD 1.1 million profit. Disregarding non-recurring items, the quarter was satisfactory, says CEO.

Emanuele Grimaldi: More growth at Finnlines after record profit

Finnlines, like major Danish peer DFDS, is also looking at the possibilities of making acquisitions and adding new routes and markets to its portfolio. But there is nothing specific on the table for now, CEO and President Emanuele Grimaldi tells ShippingWatch after new record profit.

60 dollar oil price triggers shimmer of hope at DOF

Q3 did not go according to plan for Norway's DOF which landed an operating deficit of NOK 41 million in the wake of major impairments. There were many challenges but the rising oil price incites hope in the company's board of directors.

Team Tankers' deficit grew in Q3

Chemical tanker carrier Team Tankers saw its loss grow big-time in the third quarter this year. "Market conditions in the chemical tanker sector remain challenging," says CEO Hans Feringa.

Torm files for listing on Nasdaq in New York

Carrier Torm files for listing on the US Nasdaq exchange in New York and expects that the listing will be settled before the end of this year. Executive Director Jacob Meldgaard eyes a "real recovery", he tells ShippingWatch.

Torm books minor deficit in the third quarter

Tanker carrier Torm went red in the third quarter this year. However, factors such as Hurricane Harvey and limitations at refineries in Mexico lifted the result up, says Executive Director Jacob Meldgaard.

Hapag-Lloyd third quarter result rises sharply

CEO Rolf Habben Jansen expects that the strong demand which has benefited the industry this year will continue into 2018, he says in a comment to ShippingWatch. Efficiency has picked up significantly.

Nordic countries looking to take the lead in autonomous vessels

Denmark's Minister for Business and Growth affirms to ShippingWatch that the country will be a leading player in the field of autonomous vessels despite numerous challenges. He responds "soon" when asked when the first such vessels can operate in Danish waters.

Tanker carrier DHT beat expectations

Oslo-based DHT Holdings, which operates a fleet of 30 supertankers, seems to have achieved a significantly better result in a weak period for the tanker market.

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