ShippingWatch

Last week's top stories on ShippingWatch

Summer has arrived but the shipping industry is not on vacation. The legal aftermath of the OW Bunker collapse intensified, Cosco bought OOCL, and shipping's pollution was the subject of debate after last week's IMO meeting. Stories also came out about Dan-Bunkering and Arne Blystad.

Danish police charge executive in OW Bunker case

Lars Møller, former CEO of OW Bunker's subsidiary in Singapore, Dynamic Oil Trading, has been charged with fraud by the public prosecutor for the Danish financial and international crimes unit (SØIK) for his role in the bunker company's sudden collapse in 2014. His lawyer rejects the accusations but the police feel confident.

Lars Møller will be held liable for the collapse of OW Bunker

Former exec of OW company charged with fraud worth DKK 800 million

Deputy district attorney: OW case is one of the more severe

The aftermath of the OW Bunker collapse has only just begun

Cosco enters new league with acquisition

Chinese container carrier Cosco Shipping announced last weekend that it has purchased competitor OOCL. With the acquisition, the state-owned carrier is entering a whole new league on the container market where it now ranks as number three.

Cosco will become the largest Pacific player after acquisition

Cosco deal to make ex-Hong Kong chief and family USD 1 billion richer

Analysts divided: Was OOCL a good bargain?

Cosco buys OOCL for USD 6.3 billion

Is shipping doing enough for the climate?

Whether shipping is doing enough to settle a climate strategy depends on the eye of the beholder. Last Friday, the member nations in the IMO agreed on the framework for the strategy which is set to be provisionally complete in 2018. But the EU is losing patience.

Shipping closer to climate targets after IMO meeting

EU reacts to IMO summit: A lot of talk, not much action

Carriers are optimistic after new climate plan from the IMO

Maersk on the list of biggest environmental polluters

Make sure to read the latest news about topics including Dan-Bunkering's annual report and Arne Blystad's potential foray onto the container market:

Dan-Bunkering's revenue grows 40 percent

Arne Blystad might be headed into the container business

English Edit: Gretchen Deverell Pedersen

Aker BP raises the bar in the second quarter

NGO lashes out at scrapping practices in the wake of bankruptcies

Japanese carriers establish joint shipping company from April 1

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Scorpio Bulkers believes in sustainable rates

The dry bulk carrier has halved its deficit in this year's third quarter, and according to CEO Emanuele Lauro, the carrier has faith in a market carried by sustainable rates which will last into 2018.

Maersk backs fuel ban in sulfur debate

Maersk would welcome a ban on fuel which does not meet the low-sulfur content requirements. This is a simple way of ensuring effective enforcement of the rules, says the head of fleet technology at Maersk Line to ShippingWatch.

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