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Rikke Kjær Nielsen, partner in EQT, informs ShippingWatch of multiple interested buyers for StormGeo. | Foto: Thomas Emil Sørensen/ERH

Alfa Laval buys StormGeo following bidding war

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.

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Shipping companies order LNG-fueled vessels ships like never before

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.

Oil companies' upturn expected to spread slowly to drilling

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.

Foto: Skuld

Skuld books profit with help from investments

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.

Genco plans to buy more vessels during dry bulk boom

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.

Bjørn Højgaard expects a worsened crew-change crisis in 2021

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 faces a crucial decision in its transformation

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.

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