Login
Bow%20Star%20in%20Indian%20Ocean.jpg

Senior VP leaves Odfjell after 17 years

Tanker:

Senior Vice President Helge Olsen is stepping down as Odfjell's head of ship management after serving 17 years at the Norwegian carrier. He will be replaced internally until a permanent solution is found, the carrier writes in a statement.


BY NIKLAS KRIGSLUND
Published 09.01.17 at 10:23

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Tanker

Iraq to reestablish a large tanker fleet

olie10.jpg Tanker:

The second-largest oil producer in OPEC wants to rebuild a large tanker fleet, which the country has not had for more than 25 years and since military forces bombed the country.

Tanker carriers await the effect of OPEC oil deal

Tanker:

The OPEC agreement to reduce oil output was already visible in January, but the effects still have yet to trickle into the tanker markets, writes investment bank Morgan Stanley in an analysis.

Avance Gas plans to raise additional capital

Tanker:

Gas carrier Avance had no problem in a recent sale of new shares raising USD 55 million. The carrier now plans to raise an additional USD five million, according to a corporate statement.

Scorpio Tankers hit with full-year deficit for 2016

Tanker:

Deteriorating rates in the latter half of 2016 sent Scorpio Tankers into the red in the fourth quarter and the full year.

Avance Gas makes major impairments on VLGCs

Tanker:

An impairment on the fleet of Very Large Gas Carriers (VLGCs) triggered a net deficit of more than USD 60 million at Norway's Avance Gas in the third quarter. The carrier aims to raise USD 55 million.

Navig8 believes in recovery despite red bottom line in 2016

Tanker:

Product tanker carrier Navig8 is optimistic for 2017 despite a 2016 which ended with a deficit on the bottom line. "Pretty encouraging," says CEO Nicolas Busch on the market conditions.

Current front page

China fines 14 carriers for illegal price practice

cmacgm.jpg Container:

Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.

Eimskip's acquisition of Nor Lines blocked

Container:

Norway's competition authority objects to Icelandic carrier Eimskip's acquisition of shipping and logistics company Nor Lines. Eimskip now has 15 days to present its counterarguments.

Damco CEO: Time to invest again

Ports:

"Damco needs to shift gears if the company is to achieve profitable growth," CEO Klaus Rud Sejling tells ShippingWatch after a multiple-year turnaround at Damco.

Klaveness on bulk in 2017: Slightly better but not good

Bulk:

The dry bulk market has left rock bottom behind in 2016, yet 2017 will not be much better, CEO of Torvald Klaveness, Lasse Kristoffersen, tells ShippingWatch.

Shipowners and ports in direct disagreement on EU's CO2 plan

Ports:

The maritime sphere in Europe is far from in agreement when it comes to limiting CO2 emissions from shipping. While the shipowners are highly critical of the European Parliament's plan to include CO2 in a cap trading system, the ports praise the proposal. "Most unfortunate," say the shipowners.

Drewry: Things looking better on routes from Asia to South America

Container:

The final months of 2016 brought improvements on the routes from Asia to the east coast of South America. But there is still a long way to go in terms of the activity noted on the routes in the past, writes analyst firm Drewry, warning against excessive optimism.

ADVERTISEMENT
ADVERTISEMENT

Vacancies

ADVERTISEMENT