The merger between Norwegian DNV and German GL was approved almost ten months ago, creating the world's largest classification company. The company saves millions with the collaboration, though it is also losing some tonnage, CEO Henrik Madsen tells ShippingWatch.
The International Monetary Fund, IMF, estimates in a new analysis of the German banks that the banks with shipping loans are having difficulties complying with the requirements of the coming ECB health check.
German shipping bank HSH Nordbank is preparing several major divestments in an effort to rid itself of the debt resulting from the bank's shipping portfolio, HSH Nordbank's Head of Domestic Shipping tells ShippingWatch.
Stock-listed Belgian carrier Euronav achieved an operating profit of USD 68.6 million in the first half of the year, and the carrier plans to continue its buying streak following the Maersk purchase and other acquisitions.