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CMA CGM orders trackers for 50,000 containers

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.

XO Shipping played it safe in 2018

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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.

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Seadrill's deficit deepened in the first quarter

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 will spin off and list energy company

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.

Hafnia and Mikael Skov open to more acquisitions

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.

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ExxonMobil wants to grow as direct bunker supplier

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.

Alphaliner lowers expected container growth

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.

Golden Ocean expects new deficit

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 delivers its best result yet

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.

Golar LNG to spin off its ships

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.

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