Login
Roy Hill tørlast Port Hedland Anangel Explorer-version2.jpg
Photo: PR-foto

Fearnley steps up the dry bulk recovery

Tanker:

The extreme pressure in recent years on dry bulk carriers seems to be letting up, and 2018 in particular looks poised to be a turning point in all crucial aspects, concludes Fearnley Securities in a comprehensive analysis of the dry bulk market.


BY OLE ANDERSEN
Published 09.01.17 at 13:19

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

Teekay Tankers saw its profit dwindle in 2016

6144046489_65849deac7_b.jpg Tanker:

Teekay Tankers' results for 2016 fall in line with the trend that has so far characterized the tanker carriers' annual reports for last year. The profit tumbled to one third of last year's result.

This man will steer Maersk Tankers through the divorce

Tanker:

Maersk Tankers will be separated from Maersk Group and become an independent company as part of the split of the conglomerate. Christian Michael Ingerslev will head this process. Meet him here.

Stena Bulk: At least two tough years ahead for tanker

Tanker:

There will be significant challenges in the tanker market up until 2019, and it will be a matter of survival, says Stena Bulk CEO Erik Hånell in an interview with ShippingWatch. Digitalization is one of the carrier's means to handle the downturn.

265 new ships represent the real challenge facing the tanker industry

Tanker:

Too many vessels are eating into the recovery enjoyed by crude oil and product tanker carriers one year ago. Two new analyses outline the challenges, the greatest being the 265 new vessels delivered in 2016, and these problems could hit the industry in 2017 and 2018.

Maersk Tankers orders new ships from Chinese yard

Tanker:

Maersk Tankers has placed an order for nine tanker vessels at shipyard Samsung Heavy Industries in Ningo, China.

Tanker CEOs look with pessimism at 2017

Tanker:

The fourth quarter 2016 did not end well. This is the concurrent assessment from the head honchos of tanker; CEO of Euronav, Paddy Rodgers, and CEO of Torm, Jacob Meldgaard. And 2017 looks set to be weighed down by the many new vessels entering the fleet.

Current front page

Bondholders could knock down J. Lauritzen's bank deal

Mads Zacho 4.jpg Bulk:

Two thirds of the bondholders need to vote in favor of repayment of their loans being postponed, otherwise J. Lauritzen's entire, new refinancing package, including backing from the banks and owner Lauritzen Fonden, will collapse. ShippingWatch has interviewed CEO Mads Zacho about the prospects.

DNB: Bigger companies and lower prices are the way forward for offshore

Suppliers:

While new niche banks are emerging in the maritime sector, several of the traditional banks active in shipping and offshore are reducing their exposure to the sector. DNB is one of them. The bank believes that bigger companies and lower costs represent the way out of the offshore crisis.

Teekay Tankers saw its profit dwindle in 2016

Tanker:

Teekay Tankers' results for 2016 fall in line with the trend that has so far characterized the tanker carriers' annual reports for last year. The profit tumbled to one third of last year's result.

J. Lauritzen suffers new full-year deficit in 2016

Bulk:

Hard-pressed dry bulk carrier J. Lauritzen was hit with yet another deficit in 2016, a result management deems unsatisfactory. However, the carrier's CEO Mads Zacho has been able to settle the main terms of the refinancing deal with banks that was crucial for the company's future.

Transocean benefits from canceled contract for drilling vessel

Offshore:

Transocean received a large one-off income in October when an Indian offshore company canceled a long-term contract for a drilling vessel. The figure offsets a decline in revenue from the drilling activities in the fourth quarter.

This week's top stories on ShippingWatch

Carriers:

Gridlocked negotiations between APM Terminals and dockworkers in Gothenburg, a new full-year deficit for J. Lauritzen, and a change in strategy at Damco are among this week's top stories on ShippingWatch.

ADVERTISEMENT

Vacancies

ADVERTISEMENT