Analyst firm Clarksons believes that "unabated optimism" in the dry bulk market earlier in 2017 has been replaced by more uncertainty and falling dry cargo values. Nevertheless, the analyst firm does not see cause for concern.
A financial restructuring of Rickmers Group could mean that Bertram Rickmers loses his entire stake in the storied German shipping group. One of the biggest symbols of German shipping's power is about to fall.
2014 did not bring an answer to the question of how much better the new eco-design product tanker vessels are compared to older and upgraded ships. Torm's fleet, with an average age at the high end of the scale, seems to largely match younger fleets.
Think again if you believed that Euronav or Frontline were the Kings of Crude. Number 1 is Iranian NITC, which after months under embargo is now negotiating pool deals, Commercial Director Nasrollah Sardashti says in an interview with ShippingWatch.
According to media Tradewinds, negotiations are taking place between Hafnia Tankers, headquartered north of Copenhagen, and US Diamond S Shipping, which is controlled by equity fund investor and current US Secretary of Commerce Wilbur Ross (pictured). Hafnia Tankers CEO declines to comment to ShippingWatch.
Following a USD 90 million deficit in 2016, the former Viking Supply Ships CEO Christian W. Berg will play a key part in turning developments around at Norwegian GC Rieber Shipping. ShippingWatch has interviewed Chairman Paul-Chr. Rieber about the opportunities facing the carrier.
Container carrier Orient Overseas Container Lines (OOCL), which is on track to be sold to Cosco, can look back on a second quarter with a significant boost in revenue. Stronger rates indicate an overall positive result for the container sector in the second quarter, says Fearnleys.