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