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Former J. Lauritzen CEO to head bulk carrier Pioneer Marine

Bulk:

Former CEO of J. Lauritzen, Torben Janholt, has been tapped as chief executive officer of another dry bulk carrier.


BY LOUISE VOGDRUP-SCHMIDT
Published 04.09.17 at 07:49

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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.

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.

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.

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.

Lightship: Unfortunate split with Maersk Broker

Bulk:

Lightship and Maersk Broker have spent considerable time and energy on the establishment of a new dry bulk venture. Now everything must be divided between the two parties. "Unfortunate," Morten Have, Executive Chairman of Lightship, tells ShippingWatch.

Current front page

MSC confirms order for 11 ultra-large vessels

oscar_algeciras_01.jpg Container:

MSC has ordered 11 ultra-large container vessels to be built at South Korea's DSME shipyard, a spokesman confirms to ShippingWatch.

OW Bunker estate has lost bunker price case

Services:

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

Seadrill bondholders said to fight debt plan

Offshore:

Some Seadrill bondholders have allegedly hired firm Stroock & Stroock & Lavan LLP as legal counsel to fight the restructuring plan announced last week.

Maersk bags potentially huge contract with the US Navy

Carriers:

Maersk Line has won a contract with the US Navy that could potentially total more than USD 190 million. With the contract, Maersk will operate seven vessels to transport military vehicles.

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.

John Fredriksen tops list of Norway's wealthiest people

Offshore:

John Fredriksen, who actually holds a Cypriot passport, has been listed as Norway's richest person by business magazine Kapital for the 15th consecutive year. Another shipping profile is ranked a bit further down the list.

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