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Evergas maintains growth ambitions despite failed acquisition

Tanker:

Bourbon's takeover of Evergas has been completely shelved, but the failed shift in ownership has not impeded growth ambitions at Evergas, emphasizes CEO Steffen Jacobsen in an interview with ShippingWatch after the release of the 2016 annual report.


BY KATRINE GRØNVALD RAUN
Published 11.07.17 at 13:22

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Most read Tanker

Bugbee: Maersk family will drive tanker consolidation

IMG_3322.JPG Tanker:

Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Media: Maersk declines to let shareholders see sale assessments

Tanker:

Maersk has no intention of giving its shareholders insight into the assessments made by two investment banks in relation to the sale of Maersk Tankers to A.P. Moller Holding, reports Berlingske.

A.P. Moller Holding A/S buys Maersk Tankers

Tanker:

The Maersk family's A.P. Moller Holding buys Maersk Tankers for USD 1.17 billion, informs the holding company Wednesday.

Maersk sells tanker carrier to family in a buyer's market

Tanker:

Maersk Tankers has been sold to the Maersk family's holding company at a time when investors are staying far away from product tanker. But the carrier could be sold on when the market recovers, analysts say.

Golar LNG appoints new CEO

Tanker:

Tanker carrier Golar LNG has hired a new CEO in an effort to focus more on growth. The new CEO joins the carrier from an Australian consulting firm that deals mainly with the energy sector. Analysts praise the decision.

Team Tankers hit by lower rates in 2016

Tanker:

Chemical tanker carrier Team Tankers went from a profit of close to half a billion dollars in 2015 to a deficit in 2016, and the carrier thus tumbled along with the generally deteriorated tanker market. "We are not pleased with the results," says CEO Hans Feringa.

Current front page

Bugbee: Maersk family will drive tanker consolidation

IMG_3322.JPG Tanker:

Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Transocean books million-dollar impairment on six rigs

Offshore:

Transocean will now retire several rigs which had already been cold stacked, says the world's largest rig company in a press release.

Maersk Line harbors great ambitions for Hamburg Süd

Container:

Maersk Line has for the first time quantified its growth ambitions for Hamburg Süd, a takeover transaction the carrier is expected to complete before long. "It's a long-term ambition, but there's no doubt that our expectations are high," COO Søren Toft tells ShippingWatch.

Lukoil looking to get rid of trading unit amid legal battle

Services:

Oil company Lukoil is prepared to sell its trading unit Litasco, CEO tells local media. Litasco was this week hit by compensation claims for USD 2 billion filed by a Turkish company.

Norway's central bank projects surge in oil investments

Services:

In a new report, the Norwegian central bank bolsters its faith in coming investments by the oil sector. More newbuild projects in particular spur the bank to raise its forecast.

This week's top stories: Maersk Tankers, ballast water, Royal Arctic Line

Carriers:

The Maersk Group's sale of its tanker unit to the Maersk family made headlines on ShippingWatch this week. Top stories also included a bankruptcy in the ballast water market and revolt among Seadrill's bondholders.

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