It is not an easy time to be a job seeker in the maritime sector, Founder and CEO of Faststream Recruitment Group Mark Charman tells ShippingWatch urging the companies to let go of the "post-and-pray" approach.
CMA CGM has ordered trackers to measure everything from temperature fluctuations to GPS positions on 50,000 of its containers. The supplier is a company invested in by the French container line.
Jacob Meldgaard, executive director of product tanker shipping company Torm, replaces Niels Smedegaard as chairman of Danish Shipping. And the association's board of directors gets three new members.
The Danish division of oil and energy company Hess has lost USD 45.8 million in 2018, though this is less than in preceding years. The company has abandoned a sale of its Danish field.
Norwegian offshore company DOF will probably breach its financial covenants in the near future. Management intends to engage in dialog with creditors to find a solution.
Dorian LPG spent USD 10 million on fending off BW LPG's acquisition attempt last year. The company reports a bottom line deficit of USD 50.9 million, a doubling compared to last year.
A more cautious approach resulted in a lower bottom line for XO Shipping in 2018. Chairman Kent Hedegaard tells ShippingWatch that the company's strategy was a success despite the reduced profit.
Rig operator Seadrill finished the first quarter of the year with a bigger deficit than in the previous quarter, even though revenue grew in the period. Last year the rig company was fighting for its survival.
BW Group is looking to list its energy company BW Energy, which covers ownership stakes in several oil fields, on the Oslo Stock Exchange. BW Offshore's management will move to BW Energy in July.
Container freight rates have surged, and this has helped increase revenue at Israeli container line ZIM, though transported volumes have decreased.
Icelandic authorities' investigation into Eimskip and its management is illegal as well as flawed, says former Eimskip CEO, who wants the investigation stopped.
The merger of BW Tankers and Hafnia Tankers into the new Hafnia could be followed up with new acquisitions, says CEO Mikael Skov in an interview with ShippingWatch. He points to one segment as particularly interesting.
Major oil companies are prepared to grab an even bigger share of the bunker market as direct suppliers to shipping companies after the new sulfur regulations enter force. ExxonMobil and Total tell ShippingWatch about their expectations following Jan. 1, 2020.
One of the key tasks on board a towage vessel can now be controlled remotely. Svitzer is testing robot arms to catch heaving lines without crew on deck.
A weaker growth in the first quarter combined with the escalating trade dispute between the US and China makes Alphaliner lower its expectations for growth in container shipping.
The gas carrier has signed a new credit agreement of almost half a billion US dollars with eight banks.
Dry bulk ship operator Golden Ocean finished the first months of the year with a bottom line deficit that is USD 31 million worse than last year. This trend could continue in the second quarter, expects the company.
Nordic Bulk Carriers finished 2018 with its best results yet on the top as well as the bottom line – despite the fact that "rates are near their lowest point since 1985," as the company notes in its annual report.
High demand for Norwegian Optimarin's ballast water systems has prompted the company to hire a new chief executive. This means that the former CEO can focus more on customers and development.
The commodity trader has issued bonds in China, which secure funding of over half a billion yuan. In total, Trafigura has raised USD 337 million on the Chinese debt market.
Stronger rates in the first quarter gave Nordic Shipholding a positive start to the year, with growth on the top and bottom line.
Golar LNG has decided to move forward with its plans to spin off its LNG ships, says the company in relation to its quarterly earnings report.
Maersk is expected to report an improved but far from spectacular result when the company publishes its interim report Friday, note several analysts, pointing to an uncertain future for the container shipping sector overall.
Zeaborn Ship Management has appointed its new CEO, who will be heading an expansion of its managed fleet to more than 250 vessels, says the company.
Swedish shipping group Stena AB increased its top line significantly in a 2018 when earnings went the opposite direction. The oil and gas activities were hit particularly hard by fluctuations.
Shipping Employee in Skagen - Saga Shipping
Technical Superintendent(s) - Dania Ship Management
