American World Fuel Services and Danish Bunker Holding have set themselves apart as the world's two biggest bunker companies. "We are in effect playing a part in the future development of the industry," says Bunker Holding CEO Keld Demant in an interview with ShippingWatch.
The discussion of global sulfur regulations continued this week as IMO member states gathering for a meeting of the organization's environmental committee (MEPC) took one step closer to deciding on an implementation date. However, with reservations.
2017 will also prove a challenging year for Danish company Semco Maritime. From next year, CEO Steen Brødbæk expects "completely different numbers," on top of three years of large deficits for the company, he says to ShippingWatch.
In his native Norway, Kjell Inge Røkke is known as the man from the small town of Molde, who started as a fisherman and who has since then usually been drawing the longest straws. With the creation of new oil giant Aker BP, the billionaire strikes again.
The drop in oil price has obliterated the foundation for numerous contracts, particularly in the offshore sector. But who will book the losses? This showdown has now begun, a Singapore-based shipping lawyer tells ShippingWatch.
Navigare Capital Partners, a new investment company targeting the shipping industry, has made its first investment in two product tankers. "We will invest in different segments," CEO Henrik Ramskov tells ShippingWatch.
One of the last remaining obstacles to forming a deal at the OPEC meeting in Vienna this week has been removed. Now Iraq will back a Russian and Saudi Arabian proposal to extend oil output cuts for 9 months.
The share price of John Fredriksen's drilling company Seadrill has declined drastically since the turn of the year. Ahead of the interim report set for release Wednesday morning, analysts note that the company has been unable to settle its announced restructuring.