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Professor: New bank regulations could thwart ship financing

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It will become extremely difficult for carriers to get financing from banks going forward, and even if they manage to do so, the price will be towering, Eddy Van de Voorde, professor of maritime economy, tells ShippingWatch ahead of a proposal for new bank regulations.


BY METTE MANDRUP
Published 25.04.17 at 11:00

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Communications chief ended vacation when DSV landed UTi

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The entire deal was kept under wraps to the extent that Senior Manager of Corporate Communication at DSV, Tina Hindsbo, only started preparing the announcement of the major transaction one week prior, she explains in the latest article in ShippingWatch's series about communication.

Panalpina grew its sea freight volumes in first half of 2017

Services:

The Swiss freight forwarder slightly outgrew the market in sea freight in the first half of the year, though the company's profit per teu decreased. The CEO is confident that Panalpina can improve its sea freight profitability in the second half.

Scandinavian banks still weighed down by oil sector

Services:

Nordea and Danske Bank once more had to impair their loans to shipping and oil. Problems in the oil sector, which seems to be recovering, were a major factor weighing the banks down in the second quarter 2017.

Startup looking to catch sulfur sinners from the air

Services:

Startup firm Explicit will be catching sulfur sinners in Danish waters over the next six months. This marks a launch toward a much bigger market with the global sulfur requirements, CEO Jon Knudsen tells ShippingWatch.

Deputy district attorney: OW case is one of the more severe

Services:

The sentence in the case against the former CEO of OW Bunker's subsidiary DOT, Lars Møller, could last as long as eight years. "We wouldn't have charged him if we weren't completely convinced that we could prove it," says Deputy District Attorney, Niels Vejlby Hansen, to ShippingWatch.

Dan-Bunkering has appointed new CEO

Services:

Christoffer Berg Lassen has been appointed new CEO of Dan-Bunkering, which was until recently headed by Henrik Zederkof.

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Port of Gothenburg labor conflict required constant communication

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CEO of the Port of Gothenburg, Magnus Kårestedt, has spent much of his time in the last 18 months handling the port's labor conflict between APM Terminals and the dockworkers. "Many don't understand the core of the conflict," he says in the latest article in ShippingWatch's series on communication.

It has been a bit more fun to be a dry bulk carrier in 2017

Bulk:

Rates have generally been higher in 2017, a year projected by many to be a year of beginning recovery – but a decline since the boom in the spring has curbed the budding optimism. And this could be a good thing, says J.P. Morgan.

Svitzer awarded 15-year contract in Bangladesh

Carriers:

Maersk's towage unit has won a contract to service the first floating LNG terminal in Bangladesh. The contract supports the company's ambitions to grow in the oil and gas sector.

BP weighs divestment of oil fields in the North Sea

Offshore:

According to internal sources, BP has contacted potential buyers for its oil and gas fields in the North Sea, reports the Wall Street Journal. Asset managers are allegedly in the picture.

Keppel Marine & Offshore suffers half-year deficit

Suppliers:

Keppel's marine business, which covers several yards specializing in offshore, suffered a deficit in the first six months of the year, compared to a profit of USD 177 million in the same period last year. The offshore sector drags the business down.

Port of Rotterdam wants more state support

Ports:

Rotterdam's port booked a positive first half of the year with rising freight volumes. But if this development is to continue, the Dutch state must show more support, like in neighboring countries such as Germany, the port urges.

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