ShippingWatch

Last week's top stories from ShippingWatch

Criticism launched at the shipowners' lobby over climate regulations, a new concentration of North Sea owners emerged, and there was a new development in the compensation case against Danish bunker company Monjasa. These were among this week's top stories on ShippingWatch.

A new report from British non-profit InfluenceMap determines that the shipping industry has too much influence on decision-making in the IMO. This criticism arrived simultaneously with the week where CO2 was on the IMO agenda.

Powerful shipping lobby accused of undermining CO2 reductions

Shipping industry: We actively work for the environment

InfluenceMap presents its most powerful evidence against IMO

 

New owners in the North Sea

The acquisition of Hess Norway has hardly sated the appetite for acquisitions at Aker BP, which is looking at new growth opportunities on the Norwegian shelf. The company is open to boosting its share in the giant Johan Sverdrup oil field, says CEO Karl Johnny Hersvik to ShippingWatch.

Aker BP buys Hess Norway for USD 2 billion

Acquisition-hungry Aker BP open to larger stake in Sverdrup

New owners in the North Sea will put pressure on costs

 

Monjasa lawyers summon new witnesses

The defense team has called on a series of new and what seem to be key witnesses in the fraud case against bunker company Monjasa. Last year the Danish company was ruled guilty of gross fraud on charges of having, for years, over-billed a Malaysian customer. Monjasa was fined DKK 10 million (USD 1.58 million), while founder Jan Jacobsen was sentenced to 3.5 years in prison for his role in the fraud.

Defense calls on new witnesses in Monjasa case

Prosecutor wants tougher verdict for Monjasa

The extensive Monjasa fraud case to begin Monday

 

Make sure to keep up with other shipping news, including the interim report from DSV, which raised guidance once again, and about the development at Statoil, as well as interim reports from major shipping banks, the impending sale of HSH Nordbank, and much more.

DSV raises full-year forecast yet again

DSV replaces 3000 employees and is looking to hire more

Multiple equity funds in play to buy ailing shipping bank

DNB eyes better prospects for shipping and offshore

English Edit: Gretchen Deverell Pedersen

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Lauritzen CEO: On the right track, but it will take time

Dry bulk carrier J. Lauritzen finished the third quarter with an operating deficit of USD 9.8 million. Positive with a better dry bulk market, but the carrier is still some way off from turning a profit, CEO Mads Zacho tells ShippingWatch.

Monjasa's fate in fraud case will be decided Monday

On Monday, Denmark's Western High Court will issue its verdict in the protracted fraud case against Danish bunker company Monjasa and founder Jan Jacobsen. The appeal case brought new witnesses and evidence from the defense which maintains the innocence of its clients.

Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

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