There are many indications that the plans for when vessels must install ballast water management systems will be postponed. This seems evident after the UN's International Maritime Organization (IMO) meeting where member nations gathered at IMO headquarters this week in London to discuss the shipping industry's effect on the environment. ShippingWatch was there.
An IMO divided
Danish bunker major takes hit in earnings
The crisis is notable at Torben Østergaard-Nielsen's USTC group. The financial report for company Selfinvest, which covers all USTC businesses, showed declines on the bottomline.
New culture at Danish bunker company
Danish bunker company Endofa has improved its ability to pick battles and will now focus on the bottom line instead of growing revenue. The change of culture is part of the explanation behind the group's first ever profit in 2016, the CFO tells ShippingWatch.
Maersk suffers from hacker attack
Systems at Maersk Group are still not fully up and running, even though much more than a week has passed since the conglomerate's port business and container carrier were hit by the hacker attack Petya. Meanwhile, the group's oil company was discovered in illegal discharge of a toxic chemical in the North Sea.
...and criticized for chemicals in the North Sea
Make sure to read our other stories..
..about a crisis-stricken major bank in shipping which has several potential bidders, as well as Maersk Broker's strengthening in offshore and the development of the oil market..
English Edit: Gretchen Deverell Pedersen