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This week's top stories on ShippingWatch

The biggest news this week was without doubt Donald Trump's victory in the US presidential election against Hillary Clinton, which came during a week also characterized by interim reports from tanker carriers and offshore players.

Donald Trump to succeed Barack Obama as the next President of the United States.

Donald Trump to become the next President of the United States

Against all media projections, Donald Trump managed to beat Hillary Clinton in the race to succeed Barack Obama as President of the United States. This could create challenges for container carriers, as the business mogul has long been advocating a more protectionist stance for the US.

This is how Trump's victory will impact shipping and oil

Maersk deemed highly exposed to Trump victory

Tanker carriers could benefit from Trump's triumph

Photo: Shell

Tanker carriers struggling with low rates

The tanker rates dropped big-time in the third quarter, and the development is reflected in the results from carriers transporting crude oil and oil products. Several carriers, however, project that the fourth quarter will bring stronger earnings.

Norden lost USD 12 million in Q3

Team Tankers slides into the red in Q3

Nordic American Tankers booked Q3 loss

Navig8 Chemical takes dive in Q3

Tanker carriers dive on uncertainty in the oil market

Photo: Norden

Norden and Celsius Shipping target dry bulk vessels

While the tanker market took a dive, both Norden and Celsius Shipping are betting big-time that the dire dry bulk market has reached rock-bottom. As such, Norden is looking to grow its chartered fleet in the segment, while Celsius Shipping has gone shopping.

Norden wants "significantly" more dry bulk vessels in its fleet

"Lately, we've been buying a bulk vessel once a week"

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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.

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