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.
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 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.
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 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.
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.