The European governments in the EU have reached consensus on adopting some preliminary rules for transparency in oil and gas companies. The rules are similar to those the U.S. imposed upon its companies last year involving data on payments to foreign governments.
BY LOUISE VOGDRUP-SCHMIDT Published 10.04.13 at 16:51
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The imbalance between the global markets forces Maersk Line to sail around with 4 million empty containers a year, and there is no immediate solution to the problem, says the shipping company to ShippingWatch.
A shipping cycle downturn, the cost of fuel for ships, geopolitical change, the regulatory challenge and the information revolution are the five factors which will change shipping in the years to come,” Clarkson’s President for Research states.
The competition has adopted Maersk Lines' own recipe for succes and is now successfully using it against the world's largest container carrier, which has now lost its number one position as the world's most reliable carrier, according to Drewry. "Surprising," says analyst Ricky Rasmussen, Nykredit Markets.
The two sackings which have caused the tug boat crews in Liverpool to vote yes to a coming strike were a result of suspicions of drunkenness. The strike may have an impact on operations in the entire Port of Liverpool.
While the new Greek tonnage taxation for ships sailing under foreign flag has been well received, the reactions to the tax regulation affecting brokers and shipping related companies have been negative. See the new Greek tax regulation here.
The former CEO of OW Bunker's Singapore subsidiary, Lars Møller, had no interest in manipulating the numbers, said his defense team recently. Wrong, says the Danish financial police. The chief exec could bag himself a better bonus, according to the indictment.
The Briese and Harren family have a firm grip on the global heavy lift segment after K-Line has agreed to sell SAL Heavy Lift to company Salto, owned by Martin and Peter Harren. With Briese owning BBC Chartering and working closely together with Harren, the concentration of the segment in North Germany seems absolute.
The drilling company has secured an extension of its deadline to negotiate a rehabilitation, but time is still running out and the company is now preparing its investors and other stakeholders for coming losses.
The offshore carrier achieved a higher revenue and improved bottom line in the second quarter. Recent acquisitions will contribute to a higher revenue for 2017 than last year, and the company expects a surge in orders in the strained offshore market.
Yet another company under Singapore's once-booming offshore company Ezra has collapsed. Subsidiary Lewek Champion, with the offshore vessel of the same name, has been declared bankrupt by Singapore's high court.