With the acquisition of Herning Shipping, Axel C. Eitzen is back in the industry on a larger scale than before. In an interview with ShippingWatch, the Norwegian discusses his return after having lost almost everything.
Torm has now also chosen scrubbers for part of its fleet. Get an overview of how many shipping companies have chosen the technology this year.
The world's second-largest ship registry in Liberia supports an extensive reform of the UN's maritime organization and implies that the industry has too much influence on legislation in global shipping.
The competition authorities in Iceland are currently only focusing on Eimskip and Samskip in a protracted case about secret pricing agreements. Previously, the authorities indicated that there might be a connection to companies outside the country.
Nine men face prison sentences of up to 15 years, if they are convicted of selling illegal and unspecified bunker fuel in the largest bunker port in the world.
The debt-stricken commodity trader Noble Group will receive USD 100 million for LNG business from existing shareholders if rescue plan goes through.
The comeback of a shipowner who once faced bankruptcy, a new minister for Danish maritime, billions in costs for Maersk after the closure of a container factory, a squeezed tanker sector and the escalating trade war was among the week's top stories at ShippingWatch.
Many instances of oil spills at sea, which are expensive for carriers, are rarely caused by ship collisions. Quite the opposite, oil spills are often caused in easily avoidable situations, Northern P&I Club evaluates.
DFDS is selling two ferries. The carrier will gain DKK 20 million (EUR 2.7 million) from the sale.
The EU's new tariffs on a number of US goods came into effect Friday. "We have an escalating trade war," says Chief Economist of major bank.
Perhaps Maersk's Chilean container factory was doomed to fail even before the construction was completed three years ago. At any rate, the former MD of MCI says there were doubts about profitability even prior to its launch. Chile's Ministry of Labor reviewed the factory a year ago.
A little uncertainty is not a bad thing for the dry bulk market, which is otherwise bubbling with optimism after a series of tough years. As such, several shipowners are not worried about a looming trade war.
Following Lars Møller's appeal of his 1.5 years prison sentence in the OW Bunker case, the Danish Attorney General's office has decided to follow suit. The Danish High Court is now free to review the case again.
Despite its status as one of Denmark's biggest shipping companies, DFDS is struggling to attract employees for its IT division, which employs 250 people. "Difficult and annoying," says the company. "A general trend," notes Danish Shipping.
OPEC seems to face better odds of reaching an oil output deal on Friday as Iran backs away from a threat to veto any agreement that would raise production, and Saudi Arabia proposes a move that close to 600,000 barrels per day to the market.
Weco Tankers, formerly Dannebrog Rederi, booked a deficit of USD 4.8 million in a tough 2017. Things are not looking much better for this year, says mamagement.
Greek shipowner Danaos Corporation has signed a deal with its lenders to refinance debt totaling around USD 2.2 billion. The shipowner was hit hard by the collapse of Hanjin Shipping.
The US's individualist trade policy will ultimately harm the country's own workers and farmers, says Chinese spokesperson at a press conference. China will take action to defend its own interests.
The impending trade war between the US and China will hurt on the Pacific tradelanes for container shipping. In a new analysis, Alphaliner ventures an estimate at how much it will hurt.
Struggling commodity trader Noble Group has gotten investor Goldilocks on board with its restructuring plan, ending months of lawsuits, and now seems on track to complete the large-scale revamping process.
China's Cosco will over the next two years take delivery of a number of newbuilds corresponding to the size of a medium-large liner company. This could force Maersk to change its decision to not build new ships, says Chief Analyst Tan Hua Joo of Alphaliner. His expectations for the rest of 2018 and into 2019 are far from optimistic.
Next month Maersk Tankers will test a new digital tool that has been developed in collaboration with a secretive US-based hedge fund. This could be decisive in terms of competition going forward.
A.P. Moeller-Maersk has found its new CFO after Jakob Stausholm stepped down earlier this uear. The new CFO comes from the Swedish business sphere.
US Commerce Secretary Wilbur Ross denies allegations that he engaged in insider trading when he short sold stock in Navigator Holdings a few days before a story emerged that the shipping company was linked to associates of Vladimir Putin.
CMA CGM buys family-owned logistics company Containerships in a move that will strengthen the French liner major on North European shortsea routes, including in the Baltic Sea.
Marine Superintendent - Humboldt Shipmanagement
XO SHIPPING Seeking younger dry load chartering profile
Dry cargo Operator - XO Shipping
Assistant Business Analyst at Ultrabulk A/S
ShippingWatch is looking for a new reporter
Senior Communications Partner - Norden
HR Consultant (Part time) - Hafnia Tankers
Financial Controller - Hong Kong, Pacific Basin
We are seeking a new colleague for the Chartering Department
Chartering Manager (Copenhagen-based) - BW Tankers
