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NGOs: IMO criticism of EU shipping emissions plan is "unfortunate"

Carriers:

The IMO's general secretary is wrong for hitting out at EU plans to reduce shipping's CO2 emissions, say several NGOs.


BY LOUISE VOGDRUP-SCHMIDT
Published 12.01.17 at 10:18

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Are you up-to-date with the most important events in the international shipping industry from the past week? Have a crack at our new quiz and get the chance to win an iPad Mini.

This week's top stories on ShippingWatch

Carriers:

Gridlocked negotiations between APM Terminals and dockworkers in Gothenburg, a new full-year deficit for J. Lauritzen, and a change in strategy at Damco are among this week's top stories on ShippingWatch.

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.

Finnlines delivers record result for 2016

Carriers:

Finnlines delivered the carrier's best result ever in 2016. The profit grew by close to 20 percent compared to the year before, in spite of a decline in revenue and a weak fourth quarter.

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.

New Seago Line CEO: "Speak up or you will never evolve"

Carriers:

In May Michael Hansen took up the mantle as CEO of Maersk's Seago Line. Meet the man who ended up in shipping because he wanted to dodge the student live and five years with his head in the books, and who has since traveled the world with an anchor firmly grounded in Denmark.

Current front page

Bondholders could knock down J. Lauritzen's bank deal

Mads Zacho 4.jpg Bulk:

Two thirds of the bondholders need to vote in favor of repayment of their loans being postponed, otherwise J. Lauritzen's entire, new refinancing package, including backing from the banks and owner Lauritzen Fonden, will collapse. ShippingWatch has interviewed CEO Mads Zacho about the prospects.

DNB: Bigger companies and lower prices are the way forward for offshore

Suppliers:

While new niche banks are emerging in the maritime sector, several of the traditional banks active in shipping and offshore are reducing their exposure to the sector. DNB is one of them. The bank believes that bigger companies and lower costs represent the way out of the offshore crisis.

Teekay Tankers saw its profit dwindle in 2016

Tanker:

Teekay Tankers' results for 2016 fall in line with the trend that has so far characterized the tanker carriers' annual reports for last year. The profit tumbled to one third of last year's result.

J. Lauritzen suffers new full-year deficit in 2016

Bulk:

Hard-pressed dry bulk carrier J. Lauritzen was hit with yet another deficit in 2016, a result management deems unsatisfactory. However, the carrier's CEO Mads Zacho has been able to settle the main terms of the refinancing deal with banks that was crucial for the company's future.

Transocean benefits from canceled contract for drilling vessel

Offshore:

Transocean received a large one-off income in October when an Indian offshore company canceled a long-term contract for a drilling vessel. The figure offsets a decline in revenue from the drilling activities in the fourth quarter.

This week's top stories on ShippingWatch

Carriers:

Gridlocked negotiations between APM Terminals and dockworkers in Gothenburg, a new full-year deficit for J. Lauritzen, and a change in strategy at Damco are among this week's top stories on ShippingWatch.

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