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Photo: Louise Vogdrup-Schmidt

EU could soften stance on controversial Alang yards

Carriers:

A new proposal could alter the EU's upcoming regulations for shipbreaking so they match the global Hong Kong Convention. As such, the highly criticized Indian yards could perhaps still be approved by the European Union, and this is good news for Maersk right now.


BY NIKLAS KRIGSLUND
Published 10.10.16 at 13:50

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Most read Carriers

Competitors overtake Maersk Line in 2017

CMACGMMARCOPOLO.jpg Carriers:

2017 showed the first signs of improvement in the struggling container market, according to a comparison of first quarter results from the major carriers carried out by SeaIntel. It also shows that Maersk Line has fallen behind several of its competitors on the earnings front.

Hapag-Lloyd's deal with UASC will be presented next week

Carriers:

The deals between Hapag-Lloyd and UASC have been signed and the merger is thus finalized after a delay of almost two months. There are many indications, however, that the announcement of the deal will not take place until next Wednesday.

Weco A/S projects worse 2017

Carriers:

Shipping group Weco A/S saw revenue and earnings decrease from 2015 to 2016, and 2017 will also be a tough year. Shipowner Johan Wedell-Wedellsborg has scaled down several of his shipping activities during the same period.

Alphaliner: The orderbook has never been smaller

Carriers:

Container carriers' orderbooks are smaller than ever in terms of how large a percentage it makes up of the existing fleet, according to a new study from Alphaliner.

Finnlines invests again after new record result

Carriers:

The RoRo carrier beat its own record in the first quarter, and the CEO expects continuing strong performance due to, in particular, positive developments in the Finnish market. The company is launching a new large-scale investment program.

Analysts: Maersk Line headed for billion-dollar improvement

Carriers:

An improved profit of no less than USD 1 billion for 2017 may sound like a bold prediction from Maersk Line, but Danish and international analysts speaking to ShippingWatch all seem confident that CEO Søren Skou is on track to reaching his goal. The group's first quarter results will be released Thursday.

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New shipping fund with Maersk players makes first acquisition

Henrik Ramskov.jpg Tanker:

Navigare Capital Partners, a new investment company targeting the shipping industry, has made its first investment in two product tankers. "We will invest in different segments," CEO Henrik Ramskov tells ShippingWatch.

Norway to accelerate oil drillings in the Barents Sea

Offshore:

Norway's minister for petroleum and energy wants to facilitate new drillings in the Barents Sea as soon as possible to make sure that Norway does not lag behind in the Arctic race against Russia.

Iraq paves way for OPEC deal with support for 9-month extension to cuts

Offshore:

One of the last remaining obstacles to forming a deal at the OPEC meeting in Vienna this week has been removed. Now Iraq will back a Russian and Saudi Arabian proposal to extend oil output cuts for 9 months.

Concordia CEO welcomes tough tanker year

Tanker:

Concordia Maritime's CEO is confident that his carrier is well padded for a challenging year in product tanker. And the Swedish carrier is watching the second-hand market, he says.

Seadrill's market value has plunged big-time in 2017

Offshore:

The share price of John Fredriksen's drilling company Seadrill has declined drastically since the turn of the year. Ahead of the interim report set for release Wednesday morning, analysts note that the company has been unable to settle its announced restructuring.

Lightship returned to profit in 2016

Services:

Shipbroker Lightship delivered a profit for 2016 and thus eradicated its deficit from 2016. The company anticipates an even better 2017.

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