ShippingWatch

Carriers

Diamond S pulls 18 vessels out of Norden's tanker pool

Diamond S Shipping, controlled by current US Secretary of Commerce Wilbur Ross, is pulling its vessels out of Norden's tanker pool and Scorpio for strategic reasons. "Not a problem for us," says Søren Huscher, CEO of Norient Product Pool.

This week's top stories from ShippingWatch

Maersk vessels were flagged out before scrapping in Alang, a bulk boost, a strengthening at Gorrissen Federspiel, and global shipping emissions were all among the week's top stories on ShippingWatch.

Bulk shares have surged in 2017

Investors are now also thought to believe in a stable recovery in bulk, where the largest shares have been through significant price increases throughout 2017. One carrier in particular has experienced a huge price increase.

New climate battle to take off at the IMO next week

The world's nations will once again attempt to tackle reducing maritime CO2 emissions. A new meeting at the IMO next week is expected to lead to highly charged discussions. A compromise proposed by shipowner organizations is the most likely outcome of the meeting.

Only few unemployed gas vessels in the Atlantic

Over the course of just a few days, the number of unemployed LNG vessels has come to a minimum. This will make a big impact on two carriers in particular which have multiple ships in the spot market.

German banks trapped with expensive ship contracts

Struggling German shipping banks have been locked in for years by expensive vessel contracts with management companies which have hindered the banks from selling out of vessels. This could now change, sources tell ShippingWatch.

Clipper sailing at rates that incite fresh optimism

"For the first time in a long time, rates are at a level, which might tempt some to order new vessels, but it will not be us," CEO of Clipper Group, Peter Norborg, tells ShippingWatch. One commodity in particular is critical for the company's progress.

Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

Bulk recovery faster and stronger than expected

Growth in the dry bulk market is surprisingly strong and driven by Chinese appetite for iron ore as well as the large Capesize vessels, assesses JP Morgan ahead of the release of many third quarter reports.

Rivals fear Maersk supremacy in new digital era

Maersk is leading the charge in the impending digital revolution which is aimed at saving the shipping industry billions of dollars. However, many people fear that Denmark's shipping behemoth is building a lucrative monopoly.

Shippers make demands on EU's alliance acceptance

Global shippers are demanding clear advantages for customers if container carriers are to continue enjoying exemption from competition rules after 2020, says Chris Welsh, Secretary General of the Global Shippers' Forum, in comments to ShippingWatch.

Latest news

Jobs

See all

See all