ShippingWatch

Now is the time to persuade sceptics on Singapore's mass flow meters

With just three months before the obligatory mass flow meter system is implemented on bunkering in Singapore, many sceptics remain unconvinced. However, the system will prove its worth as soon as it takes effect from the new year, explains Hans Staal of Brightoil Petroleum, which have been supplying fuel oil through mass flow meters for several years already.

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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.

Monjasa's fate in fraud case will be decided Monday

On Monday, Denmark's Western High Court will issue its verdict in the protracted fraud case against Danish bunker company Monjasa and founder Jan Jacobsen. The appeal case brought new witnesses and evidence from the defense which maintains the innocence of its clients.

Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

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