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France plans to end oil output by 2040 with exploration ban

Oil and gas production will end in France from 2040. A plan presented by Ecology Minister Nicolas Hulot in July will also progressively increase taxes on fossil fuels, close coal-fired power plants by 2022 and invest more in renewable energies.

Ecology Minister of France, Nicolas Hulot

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CEO transformed new player in marine insurance

Insurance group Neon, which has hired numerous Lavaretus employees for a new Danish office, was struggling for survival just a few years ago. A strategic overhaul has meant that the company is now launching a charge into the marine insurance market with offices in Copenhagen and Genova.

Deputy state prosecutor describes case against Monjasa as "unusual"

The Danish Attorney General's Office for financial crimes (SØIK) could have commissioned an independent assessment of a crucial fuel report in the case against Monjasa and Jan Jacobsen, both cleared this Monday, the deputy state prosecutor tells ShippingWatch, describing the case as "unusual".

BW Offshore scales back new investments

BW Group's offshore carrier BW Offshore maintained its hard-won profit on the bottom line in the third quarter, but the market remains strained going forward, says the company in financial report.

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