ShippingWatch

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Hapag-Lloyd: New BAF will break with old policies

A new bunker adjustment factor at Hapag-Lloyd will help ensure two things, explains Juan Carlos Duk, managing director of global commercial development, to ShippingWatch. The BAF will very much address longstanding criticism from customers.

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No supertanker orders in the third quarter

Higher prices and concerns over the order book have meant that the number of new orders for the major VLCC vessels in the third quarter landed at zero, writes JP Morgan in a new report.

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DP World looking at Eritrea as a way to sidestep Djibouti troubles

Arabian port major DP World is considering investing in Eritrea as a possible key destination at the Horn of Africa, says CEO. Eritrea could thus become an alternative to Djibouti, where the company is in a dispute with the government concerning a terminal concession.

Aker BP reaches revenue of one billion dollars

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Norwegian Aker BP achieved a revenue of one billion dollars in the third quarter and a combined result of USD 123 million after taxes, shows the interim report for the quarter. Rising oil and gas prices boosted the result.

Iranian oil reaches China before sanctions

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Ships carrying more than 20 million barrels of oil from Iran are headed for China in the coming weeks, and the oil will perhaps be sold to Chinese customers before the sanctions against Iran come into force, reports Reuters.

New Job

  • Ibrahim Gokcen

    New title: Board member
    New employer: Maersk Tankers
  • Tim Wickmann

    New title: Managing Director, Asia
    New employer: World Shipping Council
  • Kristian Mørch

    New title: Vice Chairman
    New employer: J. Lauritzen

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This week's top stories on ShippingWatch

The environment and an upcoming critical meeting of the IMO characterized the week at ShippingWatch with the question about future environmental cheaters and whether a heated environmental debate will end up as a failed coup. Also read about Maersk's transformation and a major German acquisition by V. Group.

Shipping's climate ambitions will now be tested

Over the next week it will become clear how ambitious the world's countries actually are in terms of reducing the shipping industry's CO2 emissions. Several countries are pushing for action now, while others seem to be in less of a hurry and have low ambitions.

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Frustrations about bad bunker remain intact

While new cases of bad bunker seem to have come to a halt, existing cases are still causing headaches among shipowners, charterers and suppliers, says Mathias Steinø, partner at firm Hafnia Law, to ShippingWatch.

Greek shipowners criticize IMO for allowing scrubbers

The Union of Greek Shipowners criticizes the IMO for allowing scrubbers as a solution to ensure compliance with the 2020 sulfur regulations, writes Seatrade Maritime. Instead, everyone should be using low-sulfur fuel, they say.

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ExxonMobil invests billions in Chinese LNG market

ExxonMobil bridges its billion dollar investment in LNG production around the world with a new import terminal in China, Reuters reports. The american company will also initially end up sidestepping tariffs, the media bureau writes.

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