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Photo: Kasper Palsnov/Jyllands-Posten

OW Bunker shareholders granted legal aid for lawsuit

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2,400 private investors have been granted legal aid to prepare a case against equity fund Altor and the former OW Bunker management team.


BY RITZAU FINANS
Published 08.06.17 at 09:54

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Altor allocates no funds for OW Bunker compensation suit

OW_bunker.jpg Services:

The risk of a negative outcome in the ongoing compensation case following the collapse of OW Bunker is very low, writes Altor Equity Partners in its 2016 annual report. The equity fund handled the IPO of the collapsed bunker company.

Maersk trains drone pilots for maintenance

Services:

Specially trained drone pilots will help with the inspection and maintenance of drilling rigs and wind turbines.

Lloyd Fonds: Shipping markets too weak for IPO

Services:

Germany's Lloyd Fonds has shelved its plans to create a listed shipping company for now, explains CEO Torsten Teichert. "We're still looking into the possibilities in shipping, but I doubt that this will be realized within the next few years," he tells ShippingWatch.

Noble Chartering moves to Singapore to reduce costs

Services:

One of the world's largest dry bulk companies, Noble Chartering, is now moving its activities from Hong Kong to Singapore where the group is headquartered. The move is part of a major restructuring which has reduced the number of employees by over 70 percent in the past two years.

Codan has lost its special status at Maersk

Services:

A.P. Moeller-Maersk's preferred insurance company through many years, Codan, is no longer the Group's only Danish insurance company. Read on to see who else got in.

Year 1 brought DNV GL a revenue of USD 2.54 billion

Services:

Following last year's merger, Norwegian-German DNV GL was able to present an annual report containing a rising revenue and an improved operating result. CEO expects that the imbalance in shipping will continue into 2015.

Current front page

MPC Container Ships could reach 50 vessels this year

BCO_quer_Print12.jpg Container:

Newly-established container carrier MPC Container Ships plans to have 35 to 50 feeder vessels within a year. "This would be a good starting point for us," the CEO of the Oslo-based company tells ShippingWatch.

Norway's new major carrier dubbed a "risky venture"

Offshore:

Two of Norway's biggest figures in shipping, Kjell Inge Røkke and John Fredriksen, are behind Norway's new offshore carrier Solstad Farstad which will become the country's largest carrier. "It's a tough market out there," CEO Lars Peder Solstad tells ShippingWatch.

Dry bulk terminals fail test of high-risk cargoes

Bulk:

The current methods for testing whether a dangerous cargo is at risk of liquefaction during sailing are inadequate and should be changed, says the Association of Bulk Terminal Operators, citing various samples of cargoes which have become liquefied despite passing tests.

OPEC has few escape routes from another bear market in oil

Offshore:

OPEC has few remaining tools left to boost prices, after investors seem unmoved by the decision to prolong supply cuts.

Spanish shipbreaker: EU list has increased interest in us

Offshore:

The EU list of yards which are allowed to dismantle European vessels has led to greater interest in Spanish shipbreaker DDR Vessels, says CEO. However, there are still many carriers trying to circumvent the rules.

This week's top stories on ShippingWatch

Carriers:

APM Terminals lays off 160 in Gothenburg in a move to end the protracted port labor conflift. Shipowners look to postpone the ballast water convention by two years. Shippers worry about a shortage of reefer containers. Oil is headed for USD 40. Here are this weeks top picks.

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