Nordic American Offshore's board gets Scorpio-element
Long-time member of Scorpio Tanker's board joins the board of Nordic American Offshore, which the Scorpio group took control of late last year.
ShippingWatch
A part ofWatch Medier
Long-time member of Scorpio Tanker's board joins the board of Nordic American Offshore, which the Scorpio group took control of late last year.
December saw record-high container traffic over the Pacific, where goods were rushed to be freighted before the tariff war between the US and China made them more expensive.
Oil analyst at DNB Markets forecasts oil prices of approximately USD 70 in a 2019 where declining production will drag up prices.
The success of Maersk's ambitious end-to-end plan – which will see the company covering all aspects of a journey – depends on the development of the lucrative reefer market. That is where the focus must be, says the new head of Logistics and Services, Klaus Rud Sejling, to ShippingWatch.
A consortium of banks will provide a USD 208 milllion credit facility to a subsidiary of bulk carrier Eagler Bulk. The loan will be used to fund the installment of scrubbers.
Open-loop scrubbers will now also be banned in major port Fujairah once the sulfur regulations take effect in 2020, meaning two of the world's biggest bunker ports have now declared a ban.
Wednesday is the deadline for Solstad Offshore to respond to requests from FSA Norway to reexamine the value of its ships. The body believes the carrier may have violated accounting rules.
A major global organization is normally able to point out its most important competitors at any given moment. Also looking ahead three to four years. But not Maersk. "We can't say," says management.
Norwegian tax authorities now pose new requirements for companies and carriers registered abroad but headquartered in Norway. From now on, it will no longer be possible to avoid paying tax in Norway just by holding the board meeting abroad, explains Norwegian tax lawyer to ShippingWatch.
CMA CGM has sensational order for 10 container vessels with 15,000 teu capacity underway, reports shipbroker Braemar ACM. The French carrier declines to comment on the reports.
BW LPG and World Fuel Services have agreed to close a dispute regarding supply of contaminated bunker in Texas. The settlement happened outside of court where the carrier demanded USD 700,000 in damages.
Maersk Drillling will be put up for an initial public offering in Copenhagen shortly after Maersk group's annual general meeting on April 2, reports Danish daily Berlingske Business.
P&O Ferries, which competes with DFDS on the English Channel, has now registered its entire fleet under the Cypriot flag ahead of Brexit, report several media.
Creditors have claims totalling USD 250 million against bunker company Brightoil. Management believes that the company can maintain operations while seeking new capital.
Only few container vessels ended up at scrapping yards in 2018. But in the first month of the new year, shipowners have already picked up the pace, according to a new report from shipbroker Braemar ACM.
It has only been four years since the oil price collapsed and caused major challenges for the entire oil industry. However, optimism has returned to the industry and Norwegian oil majors have begun hiring again.
Iceland's biggest container shipping liner Eimskip has found its new CEO. He comes from the bank Íslandsbanki and replaces the former CEO, who will move on to lead the company's activities in the US and Canada.
It will be difficult to beat DSV's offer on Swiss competitor Panalpina, says an analyst from investment bank Jefferies.
The German carrier, owned by Maersk, has just landed a deal to sell its bulk assets. The deal concerns about 45 vessels.
Four port companies wants to enter a collaboration in one of the world's largest ports, Hong Kong. Now, the port's largest customer, Maersk, has sent a warning to the authorities who are evaluating whether competition is threatened.
A Dutch carrier has just received a fine and paid a settlement for scrapping a ship in India using the controversial beaching method according to Dutch prosecutor.
Danish logistics company Scan Global Logistics has received the go-ahead from its bondholders to pursue three large contracts which are up for grabs. The contracts could have a big impact on the business.
Ocean Alliance could be in the process of surpassing Maersk and MSC's 2M Alliance on the Asia-Europe route, assesses SeaIntelligence.
Monjasa has transferred a ship from West Africa to Panama, where it carried out its first fuel supply off the coast of Balboa, Friday. Monjasa now has three vessels in the area.
Japan's MOL has partnered with carrier Asahi Tanker to establish a new company, which will operate a pool of tanker vessels. The collaboration will operate an owned fleet of more than 20 vessels.
Senior Market Research Analyst in UltraBulk
Head of Performance Management | Lyngby (Denmark) - GreenSteam
Corporate Finance Analyst for Group Treasury - Bunker Holding
Vetting Manager - NORDEN
