Hafnia continues hunt for Ardmore but will not raise its offer

Hafnia continues its efforts to take over Ardmore, but the company is not preparing a new, improved offer for the competitor, says CEO Mikael Skov. He denies that Hafnia's offer is far too low, and he calls on shareholders to focus on the long-term benefits of merging the two companies.


DHL presents projection for 2020 result

DHL Group is ready with guidance for its 2020 result after the second quarter brought improved results compared to the year before. Volumes are also returning to the market, says DHL.

Danish Shipping calls for concrete action for stranded seafarers


Thursday evening, 12 countries promised to find a solution for the thousands of stranded seafarers around the world. The increasing international focus is positive, says Anne Steffensen, CEO of Danish Shipping. "But we also have to be honest and say that now is the time to act."


New Job

  • Mads Lebech

    New title: CEO
    New employer: A.P. Møller Fonden
  • Neil Glass

    New title: Board Member
    New employer: 2020 Bulkers
  • Scott Martin

    New title: Board Member
    New employer: Team Tankers

Submit new job

This week's top stories on ShippingWatch

Hafnia wants to merge with competitor Ardmore, which is less excited about the off. Maersk made a logistics acquisition, and there were news about the Stadil family's shipping bankruptcies.

Analyst projects three survivors among listed rig operators

The world's stock-listed rig companies have debt totaling USD 37 billion and a market value of USD 2.3 billion, according to calculations made by Norwegian analyst Lukas Daul of ABG Sundal Collier. The banks need to make brutal decisions, he tells Dagens Næringsliv.

Container lines preparing for meager Christmas season

The container shipping lines' voiding of sailings in the third quarter is a clear indicator that the build-up to Christmas sales has not happened, says Lars Jensen, CEO of Sea-Intelligence Consulting. It will be at least 2021 before things turn around.

After USD 9 billion credit hit, banks seek trade finance revamp

After a range of trade finance scandals that have caused potential losses of USD 9 billion for international banks, including the debacle surrounding oil trader Hin Leong, lenders are preparing to fight back, with a central database tracking collateral as one potential endeavor.


Kvaerner books orders for billions despite revenue setback

Oil service company Kvaerner, which earlier this week heralded better prospects after the coronavirus crisis and oil price slide, increased its order book considerably in the second quarter. CEO sees possibility of "strong growth" in renewable energy.

Latest news


See all

See all