ShippingWatch

NordLB shuts down department and lets shipping exec go

Oliver Faak is no longer with bank NordLB, the communication department confirms to ShippingWatch. The bank has reshuffled staff after the merger with Bremer Landesbank and Faak's department, ship and aircraft financing, was shut down in the new organization.

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When Rindbo handed responsibility back to the employees

CEO Jan Rindbo is on track to deliver the first positive full-year result for Norden since 2011. In an interview with ShippingWatch, he explains what it has meant to hand responsibility back to the employees – and the other executives.

Statoil awards oil contracts worth billions

Oil company Statoil has awarded three contracts to three different suppliers valued at a total of NOK 8 billion. One of the agreements goes to Aker Solutions, which recently landed a large contract with Maersk Drilling.

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