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Univan: We will manage 130 ships by 2015

Bjorn.jpg Services:

Ship management looks set to face a very good year. Hong Kong-based Univan expects growth rates of 15-20 percent, says CEO Bjørn Højgaard in an interview with ShippingWatch.

Central Bank adopts tough stance toward shipping banks


According to news agency Reuters, the European Central Bank is taking a tough stance toward the major shipping-exposed banks, not least in Germany.

Mr. Triple-E to head oil research


Bo Cerup-Simonsen will head the new oil research center at the Technical University of Denmark (DTU), which has received USD 184.3 million in research funding over the next ten years.

HSH Nordbank preparing new large divestments


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.

DNB: Too many new ships could disrupt bulk and tanker rebound


DNB remains challenged by loans to the shipping industry, though the bank predicts improvements in 2014 and 2015. But many new ships in both dry bulk and tanker could disrupt a potential rebound, says the bank.

DB Schenker sees significant growth in seafreight


DB Schenker's seafreight division grew 8.5 percent in the first half of the year. The German logistics group thus surpasses the growth of its competitors.

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Svitzer lands three new mega-deals

uGGLA.JPG Carriers:

The Maersk Group's salvage and rescue division Svitzer has just landed three contracts that combined match the Wheatstone-deal, one of Svitzer's biggest contracts in years, CEO Robert Uggla tells ShippingWatch.

Topaz Energy joins forces with equity fund


Standard Chartered Private Equity invests USD 75 million in Topaz Energy and secures a 10 percent stake. The carrier will use the capital to enter new markets, says CEO René Kofod-Olsen.

Smedegaard: Long-term contracts have lost value


Nils Smedegaard confirms that Maersk Line is working to increase its volume on the spot market, thus releasing itself from some of the traditional long-term contracts on Asia-Europe.

Funds build bulk giant on the remains of bankrupt carrier


Oaktree Capital acquires the dry bulk fleet of Excel Maritime through Star Bulk Carriers. Excel Maritime was until recently controlled by Greek Gabriel Panayotides, who has in the past acted as majority shareholder in carriers such as Torm.

Fortescue in record-high shipping year


Australian mining giant Fortescue has published its annual report for the fiscal year 2013/14, where the company's mining and shipping activities reached record-highs. The order for a total of eight VLOCs has now been confirmed.

The Port of Hamburg has left the crisis far behind


The Port of Hamburg has taken on more new employees in the first half of the year than in the record-year 2008.