The world's largest classification bureau, DNV GL, plans to lay off around 1,000 due to the crisis in the oil and gas sector. The announcement comes in the wake of the company's annual report 2015, which showed a revenue of close to USD 3 billion.
BY NIKLAS KRIGSLUND Published 12.05.16 at 15:31
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Supreme Group's acquisition of Norwegian EMS Seven Seas opens the door to a consolidation of the commercial part of the ship supply market. Danish Wrist Ship Supply is always open to a solid offer, management tells ShippingWatch.
Without providing any specific reason, Claus Hyldager has stepped down as CEO of London-based but Arabian owned Inchcape. Hyldager has served as chief executive for nine years and spearheaded a massive expansion of the company.
"The bottom line is still that this result is not satisfactory," says Rolf Habben Jansen, CEO of Hapag-Lloyd, which has just published its report for last year. 2017 also saw a tough start for the carrier.
Chilean-owned but Denmark-based Ultrabulk can, unlike many of its competitors, present yet another profit in its books for 2016. Speaking to ShippingWatch, CEO Per Lange describes 2017 as a year which showed several positive trends for dry bulk.
Several critical observers question US Secretary of Commerce Wilbur Ross' continued ownership of product tanker carrier Diamond S Shipping. The carrier's ties to China in particular are being criticized by ethics experts who point to possible conflicts of interest.
Things have not moved quite as fast in Asia as expected since Svitzer opened office in Singapore in early 2016. The strategy in the region will change when the new overall strategy for Svitzer is settled in the second quarter this year, Managing Director Alan Bradley tells ShippingWatch.