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The 2015 shipwreck of Thorco Cloud remains unclear

Since Thorco Cloud's dramatic shipwreck over one year ago, the accident report has still not been completed, meaning that the question of liability and compensation cannot be addressed. The Danish carrier has criticized delays in the process, which falls under the responsibility of the flag states and the Indonesian authorities.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

Concordia Maritime in new fleet expansion

The listed tanker carrier has signed two new charter contracts which, according to CEO Kim Ullman, confirm the carrier's positive outlook for the product tanker market from mid-2018.

Euronav hires IT systems supplier to manage its fleet

Belgian tanker carrier Euronav has IT firm Logimatics to supply its 52-vessel fleet with fleet management tools in order to optimize operations. "A considerable order for us," says the head of sales at Logimatic, Hans Christian Jensen, to ShippingWatch.

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