Equity funds enter the North Sea

While the oil crisis has prompted several trend-setting oil companies such as Shell and ExxonMobil to scale down their North Sea activities, major international equity funds are increasingly setting their sights on the region, and they have in recent years invested billions of dollars in projects and acquisitions of medium-sized companies operating in the North Sea.

Equity funds enter North Sea with billion-dollar investments  

Dong in a strong offshore position  

OPEC boosts oil-demand outlook while its production rises  

SBM Offshore: Oil companies still hesitating  


Maersk lobbyists hard at work in the US

Following strong criticism in 2014, Maersk Line had its lobbyists stop work against reforms of US food aid in efforts to safeguard its own bottom line. But a review shows that Maersk is still spending money on lobbyism aimed at food aid.

Maersk still spending lobby money on controversial food aid  

This is what Maersk spends its lobbying dollars on in Washington  

Maersk and the US shipping lobby under pressure  


Maersk figures head new investment fund

APM Holding joins forces with Danish pension funds PKA, Pension Danmark, and Lægernes Pension to establish a fund for investing in Africa totaling USD 550 million under the name Afrika Infrastruktur Fond. Well-known Maersk executives will head the project.

APM Holding behind new USD 550 million Africa fund  

Fejfer back in key role for Maersk investments


Bulk carriers improving across the board

Several major dry bulk carriers documented this week that the growth in the suffering sector is real, when they released quarterly and half yearly reports with positive figures.

Star Bulk cements progress in bulk  

Genco's results reflect stronger bulk market  

Eagle Bulk reduced its losses in Q2  

Songa Bulk continues dry bulk acquisitions  

English Edit: Gretchen Deverell Pedersen

Moody's has renewed faith in the shipping industry  

Crude oil tanker rates circling three-year low  

Media: LPG cargo piling up off of Singapore  

Wallenius Wilhelmsen saves USD 100 million on synergies