ShippingWatch learned this week that the European Commission has asked for a series of changes to the Danish proposal for state subsidies for carriers and maritime companies, based on recommendations from September 2012 by the first growth team appointed by the Danish government.
As such, Denmark and several other countries are currently having their state subsidies to carriers and maritime businesses scrutinized.
Fredriksen continues his efforts to take over DHT Holdings
John Fredriksen and Frontline would become the by-far biggest player in the VLCC market if the carrier is able to take over DHT Holdings, though the latter has repeatedly rejected the takeover attempts.
Major shipping conference in Singapore
The Singapore Maritime Week shipping conference, held every other year, took place this week, and one of the event's focus points concerned attracting more investors to the key maritime hub as well as the effects of the US shale boom which is currently putting pressure on the sector. And industry players such as Hafnia Tankers and Teekay Corporation debated against family-owned carriers.
Maersk Line in strong in strong start to 2017...
2017 is off to a good start so far, Maersk Line's Head of Asia and the Pacific, Robbert van Trooijen, tells ShippingWatch.
and the carrier will pay EUR 3.7 billion for Hamburg Süd
The boards of directors at Maersk Line and Hamburg Süd have now approved the transaction, which is expected to be completed in late 2017.
Don't forget to read up on equity fund Altor, Norwegian billion dollar potential, maritime capitals, first quarter interim reports, and more:
English Edit: Daniel Logan Berg-Munch