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Photo: J. Lauritzen

J. Lauritzen lowers full-year guidance for 2016

Bulk:

The challenging dry bulk market makes J. Lauritzen lower its full-year guidance. Mads P. Zacho in the quarter took over as CEO of the carrier, which booked yet another negative bottom line.


BY LOUISE VOGDRUP-SCHMIDT
Published 18.11.16 at 09:10

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IMO issues new warning on bauxite after shipwreck

8starbulk.jpg Bulk:

The International Maritime Organization is now urging dry bulk carriers to exhibit extreme caution when transporting bauxite, which can liquefy during voyages. However, the official rules will not be updated until 2019.

Police raid Stellar Daisy carrier in wreck investigation

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Police in South Korea have raided Polaris Shipping's offices in Seoul and Busan. Investigators are hoping to find new information concerning the cause of the tragic accident in April in which the carrier's vessel, Stellar Daisy, sank in the South Atlantic.

Thorco owner withdraws guarantees for vessels in Thorco

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Thor and Christian Stadil have for years supported the severely loss-inducing vessels of carrier Thorco. But the family will no longer do so, reveals Thor Stadil to ShippingWatch.

Why owner Wedell-Wedellsborg sold Nordana Project to Rickmers

Bulk:

Danish shipping group Weco got almost 20 years as an operator in the multipurpose market. In an interview with ShippingWatch, Chairman Johan Wedell-Wedellsborg explains why it was time to think outside of the box and sell Nordana Project to German Rickmers-Linie.

Lauritzen managers to establish Baltnav in Singapore

Bulk:

Two managers from J. Lauritzen's office in Singapore have switched to competitor Baltnav, which is set to open an office there in early September this year. This marks the latest in a series of changes in J. Lauritzen's organisation.

Oldendorff Carriers remains in the black in 2014 and 2015

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ShippingWatch interviews chairman Henning Oldendorff on how one of the world´s largest drybulk operators avoids deficits operating in an industry where even solid competitors are struggling.

Current front page

OW Bunker estate has lost bunker price case

OW Bunker Las Palmas skib Services:

The OW Bunker estate has lost a bunker price contract case at the district court in Aalborg, Denmark, against three international shipping companies.

MSC confirms order for 11 ultra-large vessels

Container:

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North Korean tankers loading oil in Russia

Tanker:

Eight vessels from North Korea, currently subject to sanctions, have this year loaded oil cargoes in Russia, with China and South Korea listed as their destination. But the course was changed at a later point, reports Reuters.

Major Nordic banks scrutinize hazardous scrapping practices

Services:

Nordic bank Nordea is currently reviewing guidelines for shipping customers regarding hazardous vessel scrapping. Danske Bank is also evaluating the issue of carriers' scrapping in Asia, the banks tell ShippingWatch.

Abu Dhabi's Adnoc is said to consider IPO for shipping business

Offshore:

Adnoc, Abu Dhabi's national oil company, is allegedly considering an IPO for its shipping unit amid a broader strategy aimed at attracting investments to the emirate.

Royal Arctic Line after costly half-year: Sorry about the mess

Container:

The Greenlandic-owned carrier, which these years is going through a comprehensive overhaul, booked a DKK 41.5 million operating deficit in the first half of the year.

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