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Skou wants suppliers to join Tradelens: "We can basically force them"

Tradelens is now starting to focus more on terminal operators and trucking companies after several major shipping companies have decided to join the platform. According to Maersk CEO Søren Skou, Maersk is capable of forcing them to join. "Because if they want to do business with us they have to supply data," he says.

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Anglo-Eastern CEO warns against delicate scrubbers

In principle, Anglo-Eastern CEO Bjørn Højgaard is not against scrubbers as one of the means to comply with the sulfur cap from Jan. 1, 2020. But he is convinced that daily operations and maintenance can be very costly, he says in an interview with ShippingWatch.

Dryships delisted by founder

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Greek Dryships Founder and CEO George Economou has bought the remaining shares of the company, taking the company off the New York Stock Exchange.

Strained DOF continues negotiations with creditors

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Offshore shipping company DOF booked a new deficit in the second quarter that is significantly smaller than at the same time last year, however. The company continues negotiations with its creditors to find a long-term solution.

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Flex LNG executive following new loss: "A cold shower"

The first half of 2019 was a cold shower for most of the LNG market, says Flex LNG's chief executive in connection with the gas carrier's presentation of yet another deficit. However, he believes improvement might be just around the corner.

Seadrill books new major deficit

John Fredriksen-controlled rig company Seadrill reports a triple-digit million-dollar deficit for the second quarter. The company has lost half a billion USD on its bottom line in the first half of the year.

DSV warns of layoffs after Panalpina takeover

Like the acquisition of US-based UTi, the integration of Panalpina is expected to entail layoffs, CFO Jens Lund tells ShippingWatch. DSV's management can look forward to some years of work incorporating its Swiss billion-dollar acquisition.

Global container rates more stable than ever

Recent years' extensive consolidation among major container liner companies has created the most stable rate environment in the global container industry ever seen, according to Sea-Intelligence.

Nordic American Tankers reduces loss in second quarter

Nordic American Tankers' red figures on the bottom line diminished in the second quarter of 2019 compared to the year prior, shows the company's most recent interim report. Nordic American Tankers experienced significantly higher rates in 2019.

Torm embarks on tough third quarter

Product tanker rates remain low in the second half of the year, and if this trend continues, Torm will end up booking a deficit for the third quarter. CEO Jacob Meldgaard is positive, however, about the remainder of the year, in which several factors are expected to boost the sector.

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