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Photo: J. Lauritzen

Lauritzen CEO is hunting for new dry cargo execs

Bulk:

The carrier is hunting for a replacement for the two dry cargo executives who recently left Lauritzen Bulkers. "The process is important, so whether it takes one or three months to find the right person is a secondary factor," says CEO Mads P. Zacho to ShippingWatch.


BY LOUISE VOGDRUP-SCHMIDT
Published 16.05.17 at 15:26

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Most read Bulk

Dry bulk shipowner: Ship values have risen too much

Erno-kolen-en-erts.jpg Bulk:

CEO of Norway's Berge Bulk does not think that the medium/long-term prospects in the dry bulk market are particularly positive, despite high levels right now.

Oldendorff has no ceiling, dress code or executive offices

Bulk:

All executives have day-to-day jobs – and no one has his or her own office. At one of the world’s largest dry bulk operators, Oldendorff Carriers, things are markedly different than the shipping industry is used to.

Thorco owner withdraws guarantees for vessels in Thorco

Bulk:

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.

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.

IMO issues new warning on bauxite after shipwreck

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

Bulk:

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.

Current front page

Bugbee: Maersk family will drive tanker consolidation

IMG_3322.JPG Tanker:

Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Transocean books million-dollar impairment on six rigs

Offshore:

Transocean will now retire several rigs which had already been cold stacked, says the world's largest rig company in a press release.

Maersk Line harbors great ambitions for Hamburg Süd

Container:

Maersk Line has for the first time quantified its growth ambitions for Hamburg Süd, a takeover transaction the carrier is expected to complete before long. "It's a long-term ambition, but there's no doubt that our expectations are high," COO Søren Toft tells ShippingWatch.

Lukoil looking to get rid of trading unit amid legal battle

Services:

Oil company Lukoil is prepared to sell its trading unit Litasco, CEO tells local media. Litasco was this week hit by compensation claims for USD 2 billion filed by a Turkish company.

Norway's central bank projects surge in oil investments

Services:

In a new report, the Norwegian central bank bolsters its faith in coming investments by the oil sector. More newbuild projects in particular spur the bank to raise its forecast.

This week's top stories: Maersk Tankers, ballast water, Royal Arctic Line

Carriers:

The Maersk Group's sale of its tanker unit to the Maersk family made headlines on ShippingWatch this week. Top stories also included a bankruptcy in the ballast water market and revolt among Seadrill's bondholders.

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