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Photo: Viking Supply Ships

Record number of offshore vessels set for delivery this year

Offshore:

The offshore market looks set to be flooded with new offshore supply vessels this year, according to new numbers from VesselsValue. Bad news for the offshore sector, which already has hundreds of unemployed vessels stacked.


BY DANIEL LOGAN BERG-MUNCH
Published 08.03.17 at 15:07

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Most read Offshore

Monjasa confirms deficit of USD 26 million

monjasa10.jpg Offshore:

Danish bunker group Monjasa presented financial figures Tuesday showing a USD 26 million loss. "It's hard to protect yourself from a global shipping crisis," says CEO Anders Østergaard. First quarter 2017 saw a profit, informs the company.

Tidewater files for Chapter 11

Offshore:

US-based offshore major Tidewater has commenced Chapter 11 proceedings in the US state of Delaware.

Endofa is preparing claims against Danish businessman

Offshore:

Bunker company Endofa will file a compensation claim against Danish businessman Jesper Øhlenschlæger, who hired the bunker company to take part in a failed oil freight in Ghana. Øhlenschlæger denies any personal liability.

Leak ties president to oil corruption scandal

Offshore:

Voice recordings of bribery tie Brazil's third consecutive president to the Petrobras scandal and could keep the country in its current state of crisis for even longer.

"The way I see it, there are no winners in this terrible deal"

Offshore:

Danish businessman Jesper Øhlenschlæger believes he has been made the scapegoat in a controversial oil trade in West Africa, where he is accused of playing a key role. Everyone shoulders some of the blame, he tells ShippingWatch.

Former J. Lauritzen CFO joins Prosafe board

Offshore:

Birgit Aagaard-Svendsen, former CFO at carrier J.Lauritzen, will join the board of directors of Prosafe, which leases accommodation vessels. The executive has previously served on the board at competitor Axis Offshore, which Prosafe has now purchased.

Current front page

Lloyd Fonds: Endgame underway for shipping in Hamburg

Torsten Teichert.jpg Services:

There are no real values of note in the German shipping sector right now, according to Lloyd Fonds. The company is scaling down its investments in the segment and would prefer to be on the sideline of what CEO Torsten Teichert describes as the endgame in Hamburg.

CMA CGM achieved a profit in strong Q1

Container:

Container carrier CMA CGM increased its net earnings in the first quarter 2017, which marked a big improvement compared to the same period last year. The acquisition of APL contributes positively to the business for the first time.

Monjasa confirms deficit of USD 26 million

Offshore:

Danish bunker group Monjasa presented financial figures Tuesday showing a USD 26 million loss. "It's hard to protect yourself from a global shipping crisis," says CEO Anders Østergaard. First quarter 2017 saw a profit, informs the company.

Competitors overtake Maersk Line in 2017

Carriers:

2017 showed the first signs of improvement in the struggling container market, according to a comparison of first quarter results from the major carriers carried out by SeaIntel. It also shows that Maersk Line has fallen behind several of its competitors on the earnings front.

The Gothenburg port conflict enters a new stage of deadlock

Ports:

The Port of Gothenburg has now been hit by APM Terminals' lock-out in the intense conflict with port workers. For this reason, the port company has been forced to limit service throughout the rest of May and the month of June. Customers are leaving the port due to the conflict.

MPC Capital is now buying container ships

Services:

German asset manager MPC Capital has now tapped into USD 100 million the company raised back in April. MPC has purchased seven container ships, while another six are headed for delivery. Hamburg Süd's CEO will join the board of directors at MPC Container Ship.

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