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Last week's top stories on ShippingWatch

Carriers:

Shipowner Johan Wedell-Wedellsborg opened up about the sale of Stena Weco to Stena Bulk, Maersk Group CEO Søren Skou is building a new CEO Office, and the dry bulk shares have skyrocketed in 2017 so far. Here are this week's top picks on ShippingWatch.


BY SØREN PICO
Published 17.03.17 at 14:46

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Most read Carriers

Two seafarers arrested as ship runs aground

oskarhamn.jpg Carriers:

A Danish-operated vessel ran aground in Sweden this weekend. The captain and first mate were subsequently arrested by Swedish police, on suspicions of being highly intoxicated.

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.

Media: North Korean workers used on Danish naval vessel

Carriers:

A Polish shipyard has, according to DR, employed North Korean workers during the construction of a new Danish inspection vessel Lauge Koch, which is being completed at Karstensens Shipyard in Skagen.

Maersk bags potentially huge contract with the US Navy

Carriers:

Maersk Line has won a contract with the US Navy that could potentially total more than USD 190 million. With the contract, Maersk will operate seven vessels to transport military vehicles.

Media: Polaris Shipping in billion-dollar order for giant bulkers

Carriers:

Hyundai Heavy Industries will build upwards of 15 Valemax vessels for South Korean shipowner Polaris Shipping, sources tell Tradewinds.

Last 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.

Current front page

Maersk Line gets vital approval for Hamburg Süd purchase

201212_NAVIOSHAMBURSUD02.jpg Container:

Brazil has cleared Maersk Line's billion-dollar acquisition of German Hamburg Süd. The transaction will strengthen Maersk Line's position on the South American market, and the approval is thus vital.

J. Lauritzen CEO: The carrier's future is smaller vessels

Bulk:

J. Lauritzen will gradually phase out larger dry bulk vessels when their contracts expire. "We're strong in Handysize, and that's where we've historically been the most profitable," CEO Mads P. Zacho tells ShippingWatch.

Demand for sulfur oil could boost US crude exports

Offshore:

The upcoming cap on sulfur emissions from vessels will boost the export of US crude oil, as the demand for low sulfur products will surge, reports Reuters.

Statoil vies for a stake in Abu Dhabi's offshore oil

Offshore:

A Norwegian diplomatic dispatch says Statoil is among the companies in talks with the Abu Dhabi National Oil Co regarding offshore production in the UAE.

Viking Supply needs owner's help to save bank agreement

Offshore:

Viking Supply Ships must ask its shareholders for more money after the offshore carrier breached the conditions of its deal with the banks. The carrier's majority shareholder is prepared to step in.

Two seafarers arrested as ship runs aground

Carriers:

A Danish-operated vessel ran aground in Sweden this weekend. The captain and first mate were subsequently arrested by Swedish police, on suspicions of being highly intoxicated.

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