ShippingWatch

Last week's top stories on ShippingWatch

Maersk finally presented its plan for what the group will look like going forward, and what will be sold off. The group also received some rare criticism from Denmark's conservative government. A new shipping bank saw the light of day, and another wants to be global. Here are this week's top picks on ShippingWatch.

The new Maersk

This week was heavily anticipated by everyone interested in Maersk and the group's new strategy. CEO Søren Skov and his executive team explained to analysts and observers from across the globe what the new Maersk Group will look like.

This is how Søren Skou will create the new Maersk

This is Maersk's vision for the future

Final farewell to Maersk Energy is now underway

Energy CEO: We must find the right solution for energy companies

APM Terminals is open to diluting its ownership stakes

New Maersk setup could put independence at stake

Analysts have ten questions for Maersk

Former Maersk Line CEO believes in Danish Ship Finance

Shipping bank Danish Ship Finance announced several news this week. The biannual report from the niche bank outlined a bleak future scenario for the shipping industry the coming years, while the bank's new chairman, former Maersk Line CEO Eivind Kolding, is eyeing opportunities for the bank to expand globally.

Former Maersk Line CEO eyes global potential for Danish Ship Finance

Danish Ship Finance: Weak growth in shipping for 15 years

Danish government criticizes Maersk

It rarely happens that a conservative government has critical words for Maersk, but that was the case this week at a consultation in the Danish government concerning scrapping in India and the group's threat to out-flag EU vessels so it may continue to scrap vessels at non-EU approved yards.

Minister on Maersk out-flagging: "It is not okay"

35 scrapping yards want approval from the EU

Maersk Line to scrap eight vessels in India and China

New Nordic shipping bank sees light of day

New Nordic shipping bank opens in a few days

New shipping bank gets billionaire major shareholder

Oslo Stock Exchange criticizes Axis Offshore

Axis Offshore criticized for forcing rescue plan through

Norwegian investor pleased with criticism of Axis Offshore

Further reading:

Bankruptcy lawyer files claim over OW Bunker collapse

New OPEC deal makes oil price soar again

Frontpage right now

CEO transformed new player in marine insurance

Insurance group Neon, which has hired numerous Lavaretus employees for a new Danish office, was struggling for survival just a few years ago. A strategic overhaul has meant that the company is now launching a charge into the marine insurance market with offices in Copenhagen and Genova.

Deputy state prosecutor describes case against Monjasa as "unusual"

The Danish Attorney General's Office for financial crimes (SØIK) could have commissioned an independent assessment of a crucial fuel report in the case against Monjasa and Jan Jacobsen, both cleared this Monday, the deputy state prosecutor tells ShippingWatch, describing the case as "unusual".

BW Offshore scales back new investments

BW Group's offshore carrier BW Offshore maintained its hard-won profit on the bottom line in the third quarter, but the market remains strained going forward, says the company in financial report.

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