The oil was freighted on board the Cielo di Milano, which is owned by d'Amico International Shipping. Photo: Lutz Graupeter/Marinetraffic.com.
Endofa and Danish businessman clash in oil saga
A failed oil deal in Ghana has ended in a battle between the parties involved, with everyone trying to shift the blame for why things went wrong. Several are pointing the finger at Danish businessman Jesper Øhlenschlæger as a key figure. However, he denies any wrong-doing.
Torm's CEO Jacob Meldgaard can see good arguments for consolidating product tankers. Photo: Thomas Tolstrup.
Carrier executives considering consolidation in product tankers
Product tanker could see consolidation in its sights. CEOs from both Torm and Hafnia Tankers have pointed out that there are several good arguments for consolidation. Larger carriers will give better access to the capital markets, says Torm's executive director Jacob Meldgaard.
The bulk market is still struggling, even though there have been improvements, says J. Lauritzen, which has Mads P. Zacho as CEO. Image: J. Lauritzen
J. Lauritzen delivers deficit in the first quarter
Danish bulk carrier J. Lauritzen delivered yet another deficit in the first quarter of 2017. The company is now in the process of hunting for new executives for its bulk department. The future, however, looks better, says Mads P. Zacho, who is backed up by his owner, Lauritzen Fonden.
Squeezed Maersk companies considering their options
There was also news from the Maersk Group, where Maersk Drilling refuses to sell rigs despite the tough market, while Maersk Supply Service is striving to delay several of the vessels which should be delivered in the coming years. Meanwhile, APM Terminals has appointed a new CFO. Meanwhile Hamburg Süd, which will soon be overtaken by the Maersk Group, presented 2016 figures.
English Edit: Lena Rutkowski