ShippingWatch

Last week's top stories on ShippingWatch

Mitsui OSK Lines was blamed for a dramatic 2013 wreck, Hyundai Merchant Marine lashed out at Maersk Line, while Kristian Mørch talked about his turnaround of Odfjell this week on ShippingWatch, which also brought news about Thorco, Rickmers Maritime, and the oil sector.

To skibe, herunder Maersk Searcher, sank natten til torsdag.

Photo: Scanpix

Mitsui OSK Lines blamed for MOL Comfort wreck

A court in Tokyo has ruled that carrier Mitsui OSK Lines is responsible for the dramatic wreck of MOL Comfort, which broke in half and sank in 2013. The week also brought accidents for MSC and Maersk Supply Service.

Court considers liability in dramatic wreck

MSC container vessel in fatal accident in South America

Two Maersk vessels sink off the coast of France

Photo: Hyundai Merchant Marine.

Hyundai Merchant Marine lashes out at Maersk Line

The coming collaboration between Hyundai Merchant Marine and the 2M alliance is off to a bad start, as a spokesman for the South Korea carriers criticized Maersk Line in harsh terms for the Danish carrier's behavior during the negotiations. Maersk Line, however, is less than upset.

Harsh Korean criticism of Maersk Line and MSC

MSC cleared to buy Hanjin Shipping's ports

 

Mørch has brought Odfjell back on track

It was clear that something needed to be done at Norwegian carrier Odfjell, says CEO Kristian Mørch. Since he took over the reins in 2015, he has managed to get the storied chemical carrier back on track.

Odfjell: We will actively participate in consolidation

"Everyone knew that something had to be done at Odfjell"


How does one create a success?

The results are booming along, and the CEOs are praised again and again by the analysts. But what is it that Jens Bjørn Andersen and Niels Smedegaard are doing right at DSV and DFDS? We put the question to them.

This is how CEO Jens Bjørn Andersen generates success at DSV

DSV appoints four new Chief Commercial Officers

Bondholders said no to Rickmers Maritime's restructuring plan

Rickmers Maritime Trust was unable to persuade its bondholders to approve its proposed rescue plan. The company must now sell ships in order to survive, CEO Søren Andersen tells ShippingWatch.

Rickmers Maritime in trouble again

Rickmers Maritime CEO: Divestment is the only way forward

Don't forget to read about Moody's downgrade of Maersk, about Thorco, and plenty of news from the oil sector.

Moody's downgrades Maersk to outlook negative

Thorco Projects in large-scale Dutch expansion

Petrobras offloads assets totaling USD 2.2 billion

 

 

 

 

 

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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