ShippingWatch

BW Group wants to cash in on DHT shares

doc781h53zx3b510vmtfjv.jpg

BW Group wants to sell off a large slice of its shares in tanker company DHT Holdings. The Singapore-based shipping group became a major shareholder of the company when DHT purchased 11 supertankers from BW.

IMO 2020

New Job

Submit new job

Euronav buys two tankers for the spot market

Euronav buys stakes in two suezmax tanker vessels which will be used to seize an expected recovery in tanker rates. The ships are owned 50-50 in joint ventures with a competitor and a fund.

MSC confirms Søren Toft as new CEO

Container shipping major MSC has, as expected, confirmed that Søren Toft will join the company as its new CEO. Toft left his position as COO at Maersk a week ago.

Media: MSC reshuffles leadership

MSC's founder, 79-year-old Gianluigi Aponte, will step down as chairman and pass the torch on to his son, Diego Aponte, who has till now served as CEO, reports the Wall Street Journal. New version with comment from MSC.

Investors criticize IEA for lack of climate ambitions

A series of investors criticize the IEA for not having made adequate recommendations for achieving the Paris Climate Accord's goals. Scandinavian pension funds PensionDanmark and Storebrand are among the letter's signatories, rebuking the IEA for failing to live up to its responsibility.

IMO shelves maritime speed limits

IMO member states agree to continue working toward a so-called goal-based approach to reducing the industry's short-term emissions. This means that the nautical speed limit proposal is shelved for the time being.

Maersk sees major fluctuations on fuel prices

High-sulfur fuel prices have seen "unprecedented" fluctuations and have gone down in major ports Rotterdam and Singapore this year. The price spread to low-sulfur fuel could increase further next year, but Maersk CEO says the shipping company is well positioned.

doc7810can5fi1nwgi6o4p.jpg

HMM joins coalition for carbon-free ships

South Korea's HMM is the most recent shipping line to join the Getting to Zero Coalition, which is working to develop the first CO2-free vessel before 2030. The coalition counts companies such as Maersk, MAN and Euronav.

Skou considers changing management structure after Toft leaves for MSC

Søren Toft's departure from Maersk makes CEO Søren Skou consider changing the management structure at the world's largest container line. As ShippingWatch reported earlier Friday, Toft will become CEO of MSC, but Skou does not expect that this will impact the two companies' alliance.

Sovcomflot's result boosted by stronger rates

Russia's state-owned tanker carrier Sovcomflot saw improvements on both the top and bottom line in the third quarter, primarily driven by a more volatile market, which saw higher rates.

Latest news

Jobs

See all

See all