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EU Commission cancels tax discount for French and Belgian ports

That Belgian and French ports are exempted from paying taxes on their profits constitutes illegal state aid, concludes the EU's competition commissioner Margrethe Vestager. But the ports will not be required to repay the received aid.

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Scorpio Bulkers believes in sustainable rates

The dry bulk carrier has halved its deficit in this year's third quarter, and according to CEO Emanuele Lauro, the carrier has faith in a market carried by sustainable rates which will last into 2018.

Maersk backs fuel ban in sulfur debate

Maersk would welcome a ban on fuel which does not meet the low-sulfur content requirements. This is a simple way of ensuring effective enforcement of the rules, says the head of fleet technology at Maersk Line to ShippingWatch.

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