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Hamburg Süd CEO: I will retire after the Maersk takeover

Ottmar Gast, CEO of Hamburg Süd, tells German newspaper Hamburger Abendblatt that he will retire at the end of 2017 when the sale to Maersk Line is expected to be completed.

Ottmar Gast will step down at the end of 2017 after 20 years as CEO of Hamburg Süd.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

Nordic Shipholding lowers guidance again

Nordic Shipholding has decided to downgrade its expectations for 2017 once again. The company now expects a slightly bigger deficit than before, says the carrier in its interim report.

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