Japanese shipbuilder Mitsubishi Heavy Industries will launch alliances talks with three of the country's other yards in an attempt to strengthen competitiveness in the global market. Overcapacity and zero orders are keeping the sector mired in crisis.
BY DANIEL LOGAN BERG-MUNCH Published 30.08.16 at 14:53
Log in to read articles
Some of our content is exclusively for subscribers.
Norwegian billionaire investor Endre Røsjø has joined a new shipping bank as major shareholder and will likely serve as chairman, while Germany's Henning Oldendorff (pictured) and Norwegian Arne Blystad will be the biggest shareholders, sources tell ShippingWatch.
14 foreign seafarers are charged by Nigerian police of engaging in illegal trading of bunker oil. The case involves Danish bunker company Monjasa, which denies the alleged illegal activities when asked by ShippingWatch, as well as UK-based Glencore Energy.
As many as half of the global bunker suppliers will disappear from the market, predicts Bunker Holding CEO Keld Demant in an interview with ShippingWatch. The bunker company has just published a record result.
Maersk customers such as Jysk and DSV are currently trying to get clarification concerning the situation following Tuesday's cyber attack. If worst comes to worse, they could look toward other carriers, they tell ShippingWatch.
According to Alphaliner, there does not seem to be much factual evidence to support the claims that the container merger between Japan's three biggest carriers will disrupt competition in South Africa.
The hacker attack on Tuesday against the Maersk Group constitutes a massive test of the group's security procedures, analyst Lars Jensen of Seaintelligence Consulting tells ShippingWatch. The problems are now accumulating.
The Norwegian oil major has taken on a series of offshore vessels on contracts totaling USD hundreds of billions, including ships from Norway's new, large-scale offshore carrier Solstad Farstad and from Havila.