Wärtsilä grows marine orders by 11 percent

Jaako.jpg Suppliers:

The marine market is still challenging and characterized by low activity, though things are looking somewhat better for Wärtsilä in the second quarter. The Finnish supplier received more orders in the second quarter and was able to improve its bottom line.

Kvaerner doubles result

johan-sverdrup-kvaerner1.jpg Suppliers:

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

Veslefrikk.jpg Suppliers:

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

torbenøstergaardnielsen.jpg Carriers:

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

værftsarbejdere.jpg Suppliers:

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

SISSIMIUT_1076.jpg Carriers:

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

monjasa1111.jpg Suppliers:

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

hapag-lloyd.jpg Carriers:

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.

Last week's top stories on ShippingWatch

6144046489_65849deac7_b.jpg Carriers:

Another consolidation in the tanker industry. US President Donald Trump will pull the US out of the Paris Climate Accord. 180 years of shipping may come to a end at Rickmers Group. News from Nor Shipping. Read this week's top picks on ShippingWatch.

MAN pays back USD 8 million in engine fraud case

MAN Diesel & Turbo krumtap firetakt.jpg Carriers:

MAN Diesel & Turbo will pay back USD 8 million to Norwegian carrier Skaugen in the protracted fraud case related to diesel engines which used more fuel than stated in contracys. "MAN Diesel & Turbo SE has substantial outstanding claims against Skaugen," says MAN in a comment to ShippingWatch.

Last week's top stories on ShippingWatch


Several EU member states, including Denmark, are currently having their state subsidies to carriers and maritime businesses scrutinized, while John Fredriksen's efforts to take over DHT continue. And ShippingWatch was present at the major shipping conference in Singapore this week.