Login

Bugbee: Maersk family will drive tanker consolidation

IMG_3322.JPG Tanker:

Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Meldgaard is the CEO it is hard not to listen to

Jacob Meldgaard CEO Torm Tanker:

People have written Jacob Meldgaard off on several occasions but have always been proven wrong. Torm continues to exist and Meldgaard continues to be CEO. ShippingWatch portrays a maritime executive to whom some people owe their careers, while others find him hard to read.

Moody's has renewed faith in the shipping industry

OW Bunker skibe havn Carriers:

One of the world's leading rating agencies, Moody's, once again believes in the shipping sector which no longer has negative prospects. There are positive expectations to the container and dry bulk segments, shows a report from the firm. It is a whole other story for tanker carriers.

Lower rates drag down DHT's results in Q2

dht.jpg Tanker:

Norwegian tanker carrier DHT took hits on the top and bottom lines in the second quarter this year due to lower rates during a period in which the carrier's fleet grew significantly following the acquisition of BW Group's fleet of VLCC supertankers.

Last week's top stories on ShippingWatch

Svovl.jpg Carriers:

This summer week brought several key stories. ShippingWatch reported on the Danish Attorney General's indictment against Lars Møller of OW Bunker. The first half year results of bulk and container bode well for the two sectors. And the new Dan-Bunkering CEO unveiled his ambitious growth target.

DHT's two CEOs are Norway's best paid chief execs

DHT Holdings.jpg Tanker:

The tanker carrier's two CEOs each earn more respectively than the top chief execs from Norway's three largest companies combined, reports Dagens Næringsliv. Competitor Frontline, which has made repeated attempts to buy DHT, has previously criticized the carrier's salary costs.

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.

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.

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.

I.M. Skaugen buys time for refinancing

Norgas Alameda Skaugen CROP.jpg Tanker:

Gas carrier I.M. Skaugen has been granted en extension on the repayment of its debt until April 2018. As such, the company has bought time to land new financing which will enable the carrier to pay back existing loans with money from operations.

Critical meeting on autonomous vessels opens in the IMO

RevoltAtSpeed.jpg Tanker:

On Wednesday, an important meeting will begin at the IMO's security committee, where the committee is under pressure from the industry to deliver regulations to help get autonomous ships on the water as soon as possible. Denmark, Norway and Finland have a significant interest in the matter and hope to make their mark as front-runners in the area.

ADVERTISEMENT

Vacancies

ADVERTISEMENT