Log in Create User
Sign up for ShippingWatch newsletter
Most read Services

Skuld: Low oil price could lead to more accidents

Skuldsyåle.jpg Services:

Norwegian marine insurer and P&I club Skuld registered a higher number of collisions in 2014. The number of accidents could grow over the coming year due to increased shipping activity in the wake of the sliding oil price, future CEO Ståle Hansen tells ShippingWatch.

HSH Nordbank to eliminate USD 1.7 billion in shipping debt


HSH Nordbank expects to get rid of USD 1.7 billion in shipping debt through a series of transactions this year, according to Bloomberg.

DSV looking to acquire US-based transport giant


Logistics company DSV has expressed interest in acquiring US-based logistics group UTi Worldwide at a price of around USD 1.5 billion, says DSV in a brief to the stock exchange issued Wednesday night.

Maersk Broker in dry bulk join venture with Lightship


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.

Univan: We will manage 130 ships by 2015


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.

Wiljo sells off bunkering activities


A few weeks after filing for Chapter 11, one of the biggest OW Bunker creditors has decided to sell off all bunkering activities through a bidding process.

Current front page

Russian sanctions could become serious now

PLP4-Full.jpg Carriers:

The meltdown between the West and Russia in 2014, including breaks between western companies and the Russian energy sector, is only a small sample of what is in store this year. According to a Russia analyst, this freezing has only just begun and more companies could be hit.

Nordic Tankers CEO: We now have a solid financial platform


The deal for Herning Shipping between owner Triton and the carrier's main bank means that the company is now better equipped for growth, CEO Per Sylvester Jensen tells ShippingWatch, adding that he is cautiously optimistic about 2015.

Torm eyes the end of two-year reshuffle


Torm has received a waiver from its lenders as part of the efforts to finalize the carrier's restructuring agreement. The agreement is expected completed in the 1st quarter this year and will bring significant changes for the company's shareholders.

Evergreen charters eleven ULCCs


Evergreen has, as planned, ordered 11 container ships of 18,000 teu as part of the carrier's comprehensive newbuilding program. The ships will sail for the CKYHE alliance.

New Greek government calls off divestment of Piraeus port


The Greek plans to divest 67 percent of the Port of Piraeus to major players such as Cosco Group have been shelved, says the new Greek government according to Reuters.

SeaIntel: Rate slide ahead on Asia-Europe and the Pacific


The major decline in bunker prices will in the coming months result in significant rate slides on the key Asia-Europe and the Pacific trades when carriers adjust their BAF surcharges, according to an analysis from SeaIntel.