Maersk Broker and Lightship Chartering will combine their dry bulk chartering activities in new joint venture LMB Bulk Chartering. The company will consist of 80 employees in 12 offices around the world.
The new dry bulk joint venture between Maersk Broker and Lightship Chartering, LMB Chartering, is set to become even bigger. This could be done by establishing ties to other brokers who are strong in Panamax and Capesize, LMB CEO Morten Have tells ShippingWatch.
The management team was putting the finishing touches on a new massive bank deal to secure its future yesterday at its headquarters, when all of sudden there was a knock at the door. An employee had come all the way from Singapore.
The EU's new Commissioner for Competition, Margrethe Vestager, will keep a close eye on the new mega-alliances in the container industry, including 2M, which is set for launch one week from now. And she is ready to strike again if necessary, she says in an interview with ShippingWatch.
Struggling Lauritzen now faces the consequences of the massive downturn in the dry bulk market in recent months by performing a USD 160 million impairment based on decreasing asset values and loss provisions.
John Fredriksen warns against the oil industry, especially after his own drilling giant Seadrill has taken a big hit from the sliding oil price, though he does expect the oil price to rise again, according to Dagens Næringsliv.