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Spliethoff extends Atlantic route after Weco departure

Bulk:

Weco RoRo's shutdown of a longstanding service from the Mediterranean to the Americas has rapidly prompted Dutch Spliethoff to react.


BY OLE ANDERSEN
Published 06.04.17 at 12:17

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Most read Bulk

Multipurpose operators to expand fleet in new joint venture

photos_content_image_247.jpg Bulk:

New Dutch multipurpose joint venture Shipping Company Groningen, which includes Thorco Project, has growth ambitions in spite of the challenges currently plaguing the segment. ShippingWatch has interviewed one of the architects behind the venture, CEO Jan van der Laan.

Analysts: Dry bulk shares will be winners in 2017

Bulk:

After a brutal start to 2016, it now seems that 2017 will be a much better year for dry bulk carriers such as Norden and Golden Ocean, which currently boast positive recommendations from Danske Bank as well as Clarksons Platou.

Analyst firm: Bulk's upturn will not hold until the fall

Bulk:

The positive trends currently seen on the bulk market will diminish in the second half of this year, says analyst firm MSI.

Pacific Basin hires CFO from BW Pacific

Bulk:

Pacific Basin has hired a new CFO who is joining the company from tanker carrier BW Pacific. He has a background in the finance sector and will start in his new position in August when the current CFO steps down.

"Unfortunately, I was wrong"

Bulk:

"I was wrong," says CEO Robert Bugbee in the wake of an accumulated loss close to USD 650 million after Scorpio Bulkers was launched. Now, with new investors, he projects big gains. Once again.

Gearbulk and Grieg Star create new dry bulk behemoth

Bulk:

Swiss-based Gearbulk, controlled by the Jebsen family, and Norway's Grieg Star, headed by sisters Camilla and Elisabeth Grieg, have a new partnership to create a dry bulk carrier with a fleet of more than 130 vessels and headquartered in Bergen. (Being updated)

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EU preparing restrictions on maritime subsidies

MT Amalienborg 3x5.jpg Carriers:

Several EU nations are currently subject to comprehensive reviews of their subsidies to carriers and maritime businesses. The EU Commission is preparing a more restrictive practice, ShippingWatch is told.

"The era of privately owned carriers is coming to an end"

Carriers:

That was one of the arguments cited when Hafnia Tankers CEO Mikael Skov and CEO of Teekay Corporation, Kenneth Hvid, participated in a debate in which they had to convince representatives from family-owned carriers that they belong to the past.

Fredriksen makes new attempt to buy DHT

Tanker:

John Fredriksen's Frontline has sent a new offer to DHT in which the company proposes a merger of Frontline and DHT. "We are convinced that the proposed new combination of Frontline and DHT will maximize value for both sets of shareholders," writes Frontline. DHT Holdings describes the new bid as "unimproved."

Singapore cements its position as leading maritime hub

Carriers:

A new report from Norway's Menon Economics, published Wednesday in Singapore, cements Singapore's status as the world's number one maritime hub. The analysis names Hamburg, Oslo, Rotterdam, London, and Copenhagen as the five key European maritime capitals.

Euronav projects challenging 2017

Tanker:

Lower revenue and earnings for Euronav in the first quarter this year, and the carrier stresses that 2017 as a whole could be challenging for the tanker market.

Danish tax authority: OW Bunker abused tax legislation

Services:

Equity fund Altor blurred the cash trail when it via Deloitte took DKK 1.2 billion out of Denmark. Now the Danish Customs and Tax Administration wants repayment of DKK 140 million, reports Danish media DR.

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