EU inspectors have again visited several shipbreaking yards in Indian coastal region Alang. None of the six yards which were visited met the requirements.
The Danish bankruptcy court has declared the current trustee of a series of the Stadil family's bankrupt shipping companies disqualified to act in the matter. Law firm Bech-Bruun now takes over as trustee in the two estates.
US pressure on the shipping sector to halt trading with Venezuela has made several classification bureaus terminate agreements with tanker vessels. Insurance companies and flag states are also tightening requirements.
MPC Container Ships just held an extraordinary general assembly at which all proposals in the ongoing recapitalization were approved. The meeting is "an essential final step" in the process, says CEO Constantin Baack.
The slide in cargo volumes is significantly bigger on fronthaul than backhaul for container ships, show numbers from Sea-Intelligence. The firm also points to the month for the lowest level so far.
Three seafarers from a quarantined Uni-Tankers vessel have now tested negative for coronavirus and have left the hospital in Spain. The rest of the crew has been replaced, and the ship will be sanitized before it continues its voyage.
Greek shipping companies control world's largest commercial fleet, followed by Singapore. Denmark maintains fifth place. Find the Top 10 here.
Norwegian bank DNB continues to cut its shipping loans, which have again been reduced by billions of kroner. Meanwhile, loans to the oil and gas sector increased.
Barely a day after lifting a force majeure, Libya's National Oil Corp. reinstates the order as a blockade on Libyan oil exports is renewed.
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.
Over a dozen maritime nations have agreed to declare seafarers key workers, giving them enhanced rights when crossing borders. The list includes countries such as Denmark, the Philippines, US, UK and Greece.
The administrator of Ocean Tankers points to two options for a restructuring of the tanker shipping company, which is part of the Lim family's business empire. Negotiations with the family will begin next week.
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.
The shutdown of a factory in China meant that Maersk Container Industry produced 2,000 fewer reefer containers in February and March. Maersk Container Industry's Danish business booked black figures for 2019 but expects a decline in 2020.
Dan-Bunkering aims to elect a female board member at its general assembly in the financial year 2020/21. Dan-Bunkering's owner, Bunker Holding, already has two women on its board of directors.
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."
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.
Scorpio-controlled Hermitage Offshore has reached an agreement with its lenders. The company has yet to find a solution for its restructuring and has been granted a deferral for the rest of the month.
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.
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.
Maersk did not violate any rules when the shipping line out-flagged and scrapped four older ships in India, concludes the Danish Environmental Protection Agency after investigating the case since November 2019.
Hafnia CEO Mikael Skov calls for more willingness from Ardmore to enter talks after failed acquisition attempt, he tells media. ShippingWatch has contacted Ardmore's ten biggest shareholders.
According to Dagens Næringsliv, the liquidator appointed for bankrupt Kleven hopes for clarification Friday. "Things are starting to become tense," he tells the media.
Two seafarers aboard one of Uni-Tankers' vessels have been infected with covid-19. The vessel is now quarantined in Algeciras in Spain, where it has been berthed since Tuesday.
Business Development Director, Dry Bulk - Fednav
Operations Manager - MOL Chemical Tankers
Technical Superintendent to UltraShip
Tanker Operator – Aalborg - Uni-Tankers
Vice-President, Chartering - Fednav
Treasury Assistant - Ultranav Business Support
Business Analyst for International Shipping Company - Lauritzen Kosan
