While several dry bulk players report of great progress, dry bulk operator Ultrabulk sets forth a more cautious approach. "We probably didn't profit optimally in the first quarter," says CEO Per Lange to ShippingWatch.
There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.
With a bet on biomethane for the gas network, CMA CGM wants to "provoke investments and scale" in the market, and sees biomethane as a next step for LNG, says Farid Trad, VP of Bunkering and Energy Transition in CMA, to ShippingWatch.
The court case about disqualification for unfitness against Thor Stadil and Thorco CEO Thomas Mikkelsen now begins. In a comment to ShippingWatch, Stadil calls the case "nonsense". He risks losing the right to manage a company.
Revenue grew in the first quarter at Maersk Container Industry, which reports of growing demand from customers outside the Maersk Group. CEO Sean Fitzgerald told ShippingWatch about the strong start to the year in an interview in March.
Danish Ship Finance sees significant progress for the dry bulk market in the short term. But changes in China's demand could weaken the market in the long term for large and medium-sized ships, predicts a new analysis.
Celsius Shipping is in the process of selling its entire fleet of 18 dry bulk vessels. "In about a month, we will have made a full exit from dry bulk and sold the entire fleet," says chair Jeppe Jensen to ShippingWatch.
In a bunker market with generally declining volumes, two companies in particular look set to climb the list of the world's top bunker players, projects renowned analyst Jason Silber in an interview with ShippingWatch. One of them was close to a bankruptcy a few years ago and is now bouncing back.
Unless Maersk starts ordering more vessels to keep up with its competitors, the container carrier is set to lose its position as the world's largest, perhaps even by 2022. ShippingWatch has asked CEO Søren Skou if he is ready to abdicate the position – or if he intends to expand the fleet.
Despite criticism of LNG as an alternative fuel, carriers consistently order more and more LNG vessels, show new data from DNV Maritime. In April alone, carriers placed orders for 31 new LNG-fueled vessels. DNV expects demand for vessels of this kind to rise in the coming years.
Scorpio Tankers is the latest in a long line of tanker operators reporting heavy losses in 2021. The carrier anticipates widespread uncertainty in 2021, as Covid-19 continues to engender a high level of volatility on the tanker market.
Oil companies are headed for recovery thanks to rising oil prices, but their appetite for new investments is restrained. As a result, the troubled drilling sector must exercise patience as it waits for activity levels to improve, two stock analysts tell ShippingWatch.
US-based dry bulk company Eagle Bulk expanded its fleet in the first quarter, for which CEO Gary Vogel highlights "the best TCE performance in over a decade". The upturn has continued into the second quarter with an effect on ship values.
According to canal agent Leth Agencies, the important waterway in Suez has now returned to normal traffic after the extraordinary situation where container vessel Ever Given blocked the canal for six days.
Norwegian marine insurer Skuld books a positive result in line with last year, helped along by returns on investment. CEO Ståle Hansen notes that the company has conquered market shares across its business.
US-based offshore carrier Tidewater saw its performance taking a dip in the first quarter, with net losses landing at USD 35.5 million. The offshore carrier continued to trim its fleet by selling off vessels.
The dry bulk market in the first quarter gave Genco Shipping & Trading both a profit and an appetite for buying more vessels to benefit from a long-term upturn in the market, says the company in its interim report.
Norden spent the first months of 2021 positioning itself during a full-blown boom in dry bulk with both high rates and a low orderbook. The dry bulk business "we think we can definitely continue to grow," says CEO Jan Rindbo in an interview with ShippingWatch.
Changing crews on ships remains difficult after several countries have been hit by increasing coronavirus infection rates. These developments have prompted concern that the crisis may grow larger in 2021 than last year, according to Anglo-Eastern CEO Bjørn Højgaard.
P&O Maritime Logistics is looking for acquisitions and partnerships to allow the group to do more than just charter out offshore vessels. "Our clients have ultimately asked us to become a more service-oriented logistics provider," says VP of Logistics brought in to complete the transformation.
Hotel rig provider Prosafe was recently sentenced to pay USD 55 million to a shipyard in a case concerning the rebuilding of a hotel rig. The company is now considering whether to appeal the ruling to Norway's supreme court.