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Bourbon sells off major part of its fleet

Migrated Articles:

The French offshore shipping company has held a billion-dollar fleet sale. The plan is to retain the vessels on bareboat charter, reveals a press release.


BY KATRINE GRØNVALD RAUN
Published 10.04.13 at 18:18

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Most read Migrated Articles

Empty containers cost Maersk Line USD 1 billion a year

Maersk Containers Qingdao - 011.jpg Migrated Articles:

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.

Shipping’s five biggest changes

Migrated Articles:

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.

Oldendorff outperforms Rio Tinto and Cargill on bookings

Migrated Articles:

German Oldendorff carriers based in Lübeck tops the list as the largest charterer of ships for the transportation of minerals and grains in 2012, Clarkson data shows.

Competitors go after Maersk where it hurts

Migrated Articles:

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.

Drunkenness behind Svitzer sackings

Migrated Articles:

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.

KG crisis may break up German shipping

Migrated Articles:

The German KG funds’ unstable conditions are most likely to lead to a total collapse of private funds’ financing of German shipping. At the moment, as much as 400 companies are considered insolvent. The situation is unclear, sources tell ShippingWatch.

Current front page

Attorney General: Lars Møller acted in his own interest

lars-moller (1).jpg Services:

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.

German family acquires SAL from Japan's K-Line

Carriers:

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.

Seadrill prepares investors for considerable losses

Offshore:

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.

Subsea 7 projects rise in orders in first half of 2018

Offshore:

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.

Singapore's high court declares Ezra company bankrupt

Offshore:

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.

Oil hits USD 50, but Credit Suisse is slashing its forecast

Offshore:

Saudi Arabia has given the oil price a boost over the past few days, yet Credit Suisse is not positive about the future and is slashing USD 5 from its 2020 forecast.

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