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Last week's top stories on ShippingWatch

Equity funds make their foray into the North Sea, Maersk's lobbyists are at work in the US, several dry bulk carriers make gains, and a new investment fund from Maersk and a series of pension funds were among this week's top stories on ShippingWatch.

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

Frontpage right now

Diamond S pulls 18 vessels out of Norden's tanker pool

Diamond S Shipping, controlled by current US Secretary of Commerce Wilbur Ross, is pulling its vessels out of Norden's tanker pool and Scorpio for strategic reasons. "Not a problem for us," says Søren Huscher, CEO of Norient Product Pool.

The extensive Monjasa fraud case to begin Monday

It cost Monjasa founder Jan Jacobsen a prison sentence of 3.5 years and a DKK 10 million fine for the firm when they were convicted of extensive fraud last year in a municipal court in Denmark. Now the appeal case will begin at the Danish national court Vestre Landsret.

Bulk shares have surged in 2017

Investors are now also thought to believe in a stable recovery in bulk, where the largest shares have been through significant price increases throughout 2017. One carrier in particular has experienced a huge price increase.

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