Oceansaver after bankruptcy: "IMO decision was very disappointing"

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Oceansaver's market disappeared after the IMO postponed the implementation deadline this summer for the ballast water requirements, CEO and Chairman Kjetil Bruun-Olsen tells ShippingWatch. The postponement hurts first movers, says association Danish Maritime.

Last week's top stories on ShippingWatch

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The Danish Maritime Accident Investigation Board's report on the shipwreck of two Maersk vessels made headlines this week, and the spotlight also fell on Klaus Kjærulff's bulk venture, Denmark's plans to expand DIS, and the significantly lower investment level among oil companies.

Last week's top stories on ShippingWatch

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Equity funds make their foray into the North Sea, Maersk's lobbyists are at work in the US, several dry bulk carriers make gains, and a new investment fund from Maersk and a series of pension funds were among this week's top stories on ShippingWatch.

DSV prepares for higher freight rates

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After many years of unusually low rates, DSV Chief Exec Jens Bjørn Andersen is now preparing for higher rates. "Big changes are taking place right now on the sea freight market, and it's all about staying close to the development," he tells ShippingWatch in a post-report interview.

Hyundai Heavy's bottom line cut in half in Q2

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Hyundai Heavy Industries defies the otherwise positive developments noted among South Korea's shipbuilders with a bottom line that plunged almost 50 percent in Q2. This setback is caused by a lack of orders for expensive newbuilds, says the company according to local news agency.

Last week's top stories on ShippingWatch

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This summer week brought several key stories. ShippingWatch reported on the Danish Attorney General's indictment against Lars Møller of OW Bunker. The first half year results of bulk and container bode well for the two sectors. And the new Dan-Bunkering CEO unveiled his ambitious growth target.

Hyundai Heavy boosts its orderbook

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Shipbuilder Hyundai Heavy Industries has now published figures revealing improvements booked in 2017 which has so far been significantly better than the dreadful year 2016. The orderbook grew 67 percent in the second quarter compared to the same period last year.

Kvaerner doubles result

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Norwegian yard and offshore company Kvaerner doubled its operating result in the second quarter this year relative to the same period last year and is now optimistic about the market: "We now see more prospects to bid for, compared to the market one year ago," says Kværner.

Statoil is hiring again

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After thousands of layoffs over recent years, the Norwegian oil major again plans to hire new staff for the Norwegian shelf. There are still new projects on the way in this area, says Statoil.

This week's top stories on ShippingWatch

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Major internal battles in the UN IMO regarding shipping's role in terms of the climate and environment, accounts from the world's second-largest bunker group, and the Maersk Group's problems after a hacker attack and chemical discharge in the North Sea made headlines this past week.

Denmark accedes to Hong Kong Convention

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Denmark has informed the IMO that it will, as the seventh member state, ratify the Hong Kong Convention, which aims to improve shipbreaking conditions at yards across the globe. But the convention still needs a lot of additional ratification before it can come into force.

This week's top stories on ShippingWatch

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APM Terminals lays off 160 in Gothenburg in a move to end the protracted port labor conflift. Shipowners look to postpone the ballast water convention by two years. Shippers worry about a shortage of reefer containers. Oil is headed for USD 40. Here are this weeks top picks.

Monjasa has shut down London oil venture

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Bunker group Monjasa has halted its ambitions in shipping larger oil cargoes, a venture which was launched two years ago. An office in London dedicated this venture has been shut down. We want to focus on our core business, the group's COO tells ShippingWatch.

This week's top stories on ShippingWatch

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Arab boycott of Qatar with the potential to create difficulties for Hapag-Lloyd, the collapse of Germany's Rickmers Group, and tanker carriers such as Torm and Hafnia in play in an expected consolidation wave, were among this week's top stories on ShippingWatch.