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China to launch ECA zones with sulfur requirements

Carriers:

The first of three major port areas in China will become a new emission control area (ECA) starting April 1st, from which date vessels may not have sulfur emissions of more than 0.5 percent. The Chinese environmental zones could result in more scrapping, SeaIntel projects.


BY KATRINE GRØNVALD RAUN
Published 27.01.16 at 10:29

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Most read Carriers

OW Bunker's former CEO has passed away

Jim Pedersen.jpg Carriers:

Jim Pedersen has passed away after a long period of illness, confirms his lawyer.

J. Lauritzen drops meeting with bondholders

Carriers:

Danish bulk carrier J. Lauritzen has decided to give up an agreement with a group of recalcitrant bondholders ahead of a meeting Tuesday. At the meeting, bondholders will vote for the carrier's suggestion to set aside NOK 500 million of debt. J. Lauritzen is currently working on a new proposal.

Here are the world's richest shipping families

Carriers:

The shipping business has been particularly noted for creating massive family fortunes around the world. The Maersk family occupies the 2nd place on Alphaliner's list of the 21 richest shipping families.

Stena RoRo puts its buying and selling on hold

Carriers:

After for years having been buying and selling RoRo and RoPax tonnage, Stena RoRo is now putting its role as merchant on hold due to fiercer competition in the RoRo market in particular. The company's bet on Asia has yet to pay off, CEO Per Westling tells ShippingWatch.

Watch Thorco Cloud collide with tanker Stolt Commitment

Carriers:

The collision between Thorco Cloud and a Stolt Tankers vessel allegedly tore the Thorco vessel in two. Watch the two ships collide here.

Maersk picks "Mr. Digitalization" as new Chairman

Carriers:

Digitalization emerges as the theme when outlining the reasons behind the nomination of Jim Hagemann Snabe to chair Maersk Group and replace Michael Pram Rasmussen who is stepping down. Here is a portrait of Snabe and a focus on some of the digital challenges.

Current front page

Chairman: Maersk has developed 15 digital prototypes

michaelpram.jpg Container:

Maersk has developed 15 digital prototypes, says Maersk's departing chairman Michael Pram Rasmussen at the Maersk General Assembly in Copenhagen on Tuesday. He also expresses "pride" at the work being done by Maersk at shipbreaking facilities in India.

Hapag-Lloyd: Aggressive Maersk Line conquered market shares

Container:

It was an aggressive Maersk Line which conquered nine percent of the global container market in 2016, says Hapag-Lloyd CEO Rolf Habben Jansen, who now risks losing longtime cooperation agreements with "neighbor carrier" Hamburg Süd to Maersk Line.

Lauritzen's head of dry cargo steps down

Bulk:

J. Lauritzens' head of dry cargo, Peter Borup, has stepped down from the carrier "following mutual agreement." The carrier is currently struggling to settle a refinancing agreement. The head of Lauritzen's gas vessels will serve as interim head of dry cargo.

Fredriksen offloads DHT shares following failed offer

Tanker:

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OW Bunker's former CEO has passed away

Carriers:

Jim Pedersen has passed away after a long period of illness, confirms his lawyer.

HMM: Not difficult to become world's 5th-largest container carrier

Container:

Hyundai Merchant Marine, currently ranked 13th among the world's largest container carriers, says that it would not be difficult to reach 5th place in the foreseeable future, reports Korea Times.

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