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Jacob Meldgaard CEO Torm

Meldgaard: Crude tankers cannibalizing product market

The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.

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Damage claims from bad bunker grow in number

Nobody seems to have a well-documented explanation for where the bad bunker currently plaguing the shipping sector really comes from. Meanwhile, each day brings a new case of damaged engines. A Norden ship is the latest to report issues with bad bunker.

Maersk Line is prepared for bad bunker

Maersk Line has procedures in place to avoid being impacted by the widespread issue of contaminated bunker which has plagued several shipping companies recently.

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