United Heavy Lift, owned by Lars Rolner and Lars Bonnesen, acquires two ships from pressured Zeamarine and another from a different competitor, ShippingWatch learns.
The security situation in the Gulf of Guinea off the coast of West Africa is unstable. The EU should protect ships against pirates far more than is the case today, Claes Berglund, new president of the European shipowners, tells ShippingWatch.
Norway's oil major wants to develop an ammonia-fueled offshore vessel in collaboration with Eidesvik Offshore.
Scan Global Logistics has raised more than EUR 200 million in fresh capital, and the figure could be increased further. The capital will help boost the company's global presence, says CEO Allan Melgaard.
Tanker shipping company Concordia Maritime moves its operations from Sweden to Denmark, although CEO Kim Ullman stays in Gothenburg. The next move could be a listing on the Oslo Stock Exchange. ShippingWatch has interviewed Ullman about the new set-up.
Tanker shipping company Torm expands its fleet with two large product tanker newbuilds, which will be fitted with scrubbers. Meanwhile, the shipping company sells a smaller vessel.
A new initiative from Danish Shipping aims to increase the number of women in shipping. 15 companies will on Thursday have signed a charter in which they pledge to work actively toward gender equality. The goal is to ensure that three out of four Danish shipping companies have signed the charter within in the next year.
The net result for Cosco's container and terminal business is expected to grow by 449 percent in 2019. The acquisition of OOIL in 2018 has boosted the result significantly.
Wednesday, a Danish court released two rigs at the center of a dispute between shipyard MARS and US investor Tom Clarke. ShippingWatch reported earlier in January that the parties had settled the dispute.
Large price hikes on new fuels make Maersk, in an extraordinary move, raise its bunker adjustment factor for its customers. According to an analyst, however, the liner companies do not seem to have successfully passed the fuel bill on to customers.
Chinese banks and leasing companies will soon receive a formal invitation to join the Poseidon Principles. "Hopefully within the next couple of months we will have the Chinese all signed up," says Michael Parker of Citi Bank.
Bunker supplier Monjasa has no five-year plan lying ready in its desk drawers. Instead, customers determine where future growth will come from, COO says, adding that customers have started placing even higher demands on bunker traders.
DSV merges its communications and marketing units as part of the integration of Panalpina. This has resulted in redundancies in Switzerland and Denmark.
The transition to the new sulfur regulation has so far happened without major problems, says the IMO. Secretary General Kitack Lim now looks toward the next important cut-off date.
South Korean container line HMM expects its revenue to increase markedly this year. One significant reason is 12 new mega-ships, which are about to hit the water.
The port in Karachi, Pakistan, has introduced a ban on ejecting washwater from open-loop scrubbers in the port's waters.
2019 saw container volumes slide on the eastbound Transpacific trades for the first time since 2009, reports Alphaliner.
DP World enters a strategic partnership with Swissterminal, with the port major acquiring nearly half the shares in the Swiss terminal operator.
The Danish transportation and logistics company is opening an office in Guyana to benefit from a developing oil market, where Blue Water has collaborated for a few years with ExxonMobil, which has drilled into a big deposit in the country's waters.
Zeamarine is trying to offload more vessels than the 15 ships already sold to rivals, several sources inform ShippingWatch. Weco confirms redelivery of three ships.
There are prospects of tougher requirements for the European banks, and this could make it even more difficult for shipping companies to get loans in Europe. "We must be creative," says Louis Dreyfus Armateurs.
Private equity fund Altor wants to reap the last rewards from many years of acquisitions and investments in Wrist before the fund approaches its heralded sale of the company. Among other things, challenging integration of a major acquisition has affected sales plans, Altor partner says.
Norway's Klaveness has entered a partnership with a Japanese trading house for a panamax pool. The collaboration will be anchored in a joint company, to be run from Oslo, Dubai and Singapore.
Almost all of Eagle Bulk's fleet has been fitted with scrubbers. The investment is the biggest opportunity for the dry bulk ship operator this year, says CEO Gary Vogel. "We remain constructive on the underlying fundamentals for dry bulk, and particularly for the midsize segment."
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