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MAN Diesel & Turbo to pay millions in damages to J. Lauritzen

Engine manufacturer MAN Diesel & Turbo has been sentenced by the Danish Maritime and Commercial High Court to pay a million dollar figure in compensation to J. Lauritzen, as flaws in the lubrication system Alpha Lube have led to engine breakdowns. MAN decides to appeal.

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Maersk Line's acquisition of Hamburg Süd weakened by authorities

Requirements from authorities in China and the EU have made the conditions surrounding Maersk Line's acquisition of Hamburg Süd more difficult, says former Managing Director of Maersk Line in Latin America, Michael Kaasner Kristiansen. US-based Sealand could be a joker in the new Maersk.

Lauritzen CEO: On the right track, but it will take time

Dry bulk carrier J. Lauritzen finished the third quarter with an operating deficit of USD 9.8 million. Positive with a better dry bulk market, but the carrier is still some way off from turning a profit, CEO Mads Zacho tells ShippingWatch.

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