PR photo: Maersk Tankers
Maersk sells tanker division to family
The Maersk Group found a buyer for Maersk Tankers in A.P. Moller Holding A/S, which is paying USD 1.2 billion for the company. This transaction criticized by the Danish Shareholders' Association, which is concerned that Maersk sold at a too low price to the family's holding company.
CEO Verner Hammeken. PR photo: Royal Arctic Line
Royal Arctic Line apologizes for the mess
"We're remodeling. Sorry about the mess." According to Royal Arctic Line, the carrier would have done right to put up such a sign after a first half of 2017 that brought numerous problems related to a large-scale overhaul taking place at the carrier. Meanwhile the bottom line shows a loss after taxes of DKK 28 million. However, the carrier can celebrate that major customer Royal Greenland told ShippingWatch this week that it supported the long-term strategy for sailing to and from Greenland.
Photo: /ritzau/Katinka Hustad
Well-known supplier files for bankruptcy
Norway's Oceansaver was just one of four companies in the world which had obtained a crucial type approval from the US Coast Guard. Now, the ballast water management system supplier has filed for bankruptcy and the company blames factors including delayed environmental regulations and the IMO.
Bondholders oppose the Seadrill rescue plan
And make sure to read about OW Bunker, Maersk Line, and warnings for the oil industry
English Edit: Gretchen Deverell Pedersen
Frontpage right now
The upcoming global sulfur directive is designed to solve a pollution issue, but the regulations look set to significantly exacerbate another problem. "It's not free for the environment," says a bunker consultant. It is the price that has to be paid to reduce sulfur emissions, says supplier Haldor Topsøe.