ShippingWatch

Last week's top stories on ShippingWatch

Best-ever results from logistics company DSV, estimates about the future oil price, and the long road to recovery for dry bulk carriers were among this week's top stories on ShippingWatch.

DSV presented its best results ever when it published its second quarter interim report. At the same time, the company upgraded its forecast for the full year and launched a share buy-back program worth DKK 1 billion.

"Big changes are taking place right now on the sea freight market, and it's all about staying close to the development," CEO Jens Bjørn Andersen told ShippingWatch in a post-report interview.

Jefferies: DSV distancing itself from the competition

DSV prepares for higher freight rates

DSV upgrades after all-time high results

 

The oil price will rise ahead of 2020

The price for a barrel of North Sea crude will rise ahead of 2020, predicts oil analyst at DNB Markets, Torbjørn Kjus. The analyst has lowered his estimate but is overall more positive than other industry stakeholders.

DNB on oil price: Good times in store for 2020

Norwegian state continues to bag huge gains from oil fields

BP trumps expectations despite huge impairment in Angola

Lundin: Close to 70 percent of Johan Sverdrup will be finished this year

DNB: Sulfur requirements could force oil price further up

Norway anticipates field plans totaling NOK 125 billion

 

Dry bulk still far from positive

Dry bulk rates were stronger in the most recent quarter, as evident from the first interim reports, but the level is far from enough to ensure positive bottom lines at the carriers, Fearnley Securities tells ShippingWatch.

Dry bulk has long way to go despite stronger rates

Miner Rio Tinto confirms increasing growth in China

Intermarine chief exec steps down with immediate effect

Pacific Basin to buy vessels for more than USD 100 million

Dry bulk carrier dodges Noble Group downturn

 

And make sure to read about how Hempel handled a bribery case and about the challenging tanker market this year for product players such as Teekay Tankers and d'Amico International Shipping:

Teekay Tankers suffers big Q2 deficit

Italian tanker carrier books deficit in tough product market

Trump's toughest critic challenges the Jones Act

Maersk Line's acquisition of Hamburg Süd lacks one crucial approval

Hutchison Ports notes slight growth in first half

Pirates kidnap five seafarers in Nigerian waters

 

English Edit: Gretchen Deverell Pedersen

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Maersk will now be printing spare parts on board its vessels

Maersk and J. Lauritzen are now looking to really crack the 3D market, and with a new project including several prominent players, carriers are starting to print spare parts on board vessels and rigs. The technology is ready for the maritime sector, the partners say.

Simpson Spence Young acquires Bidsted & Co

Simpson Spence Young has acquired Danish dry bulk broker Bidsted & Co. "The world requires more and more these days, and we had to acknowledge that we were unable to match demand on our own," Bidsted's managing director Carsten Munk Jensen tells ShippingWatch.

Swedish shipowners want 400 ships flagged in Sweden by 2027

The much-anticipated tonnage tax scheme could mean that 400 ships join the Swedish flag over the next decade, shows a study performed by the Swedish Shipowners' Association. "We hope that over the coming years these predictions will turn out to be correct," Vice President Pia Berglund tells ShippingWatch.

This week's top stories on ShippingWatch

Navigare Capital Partners, owned by parts of the Mærsk family, is ready to buy more vessels, Simpson Spence Young acquired Danish broker Bidsted & Co., and Norden CEO Jan Rindbo offered insights into his management strategy this past week on ShippingWatch.

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