An executive has decided to leave German shipping company Zeamarine over disagreements with the rest of management about the company's future strategy. Zeamarine is part of the Zeaborn group, which is working hard to get its many recent acquisitions integrated.
Nordea is optimistic about the order book in shipping, which according to the bank currently stands at the lowest level in 15 years. The bank has recently been active with financing for the sector, its two shipping chiefs say in an interview with shippingWatch.
In a statement, MSC rejects the list that was published recently in which the company is ranked as Europe's eighth-biggest emitter of CO2. The list is an incomplete analysis of the data, says the shipping company.
Shipping interest group Bimco is concerned about the EU Commission's plan to introduce CO2 quotas on the maritime sector. The association also opposes the plans to remove a tariff exemption on ship fuel.
Next year, Norway's Kvaerner expects earnings to drop by no less than NOK 3 billion compared to this year. The company maintains its expectations for high growth in 2023, however.
IMO Secretary General Kitack Lim warns the EU about disrupting the efforts to reduce shipping's pollution globally. His warning comes after the EU Commission announced its plans to place shipping under the European emissions trading system.
Clipper's CEO Peter Norborg confirms to ShippingWatch that the shipping company has sold three vessels. According to sources, the company now owns 11 vessels.
The oil majors have made their final investment decision on deepwater field Anchor in the Gulf of Mexico. Total pursues another, similar, discovery.
US President Donald Trump gave his approval for an initial trade deal with China, say people with knowledge of the matter. The deal entails China buying more US agricultural goods and halts the introduction of new US tariffs slated for Dec. 15.
The count is not yet completely finished, but the Conservative Party is certain to get a majority in the House of Commons.
Oil companies now have ambitions to sell directly to shipping companies, which are also taking matters into their own hands, according to a new report from SeaCred. The report points to two major trends in the bunker market.
Fayard's CEO Thomas Andersen expects to this year gain DKK 300 million on the top line from environment-related orders, which have become a crucial part of the company's business. This article is part of ShippingWatch's series on the environmental regulations' impact on shipbuilders.
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The Norwegian Oil and Gas Association expects oil investments on the Norwegian shelf to peak next year. Afterward, the level of investment will drop toward 2024.
MOL Nordic Tankers has sold its 60 percent stake in Dania Ship Management. UK-based shipping group V.Group now becomes sole owner of the ship management company, the parties confirm to ShippingWatch.
A Maersk MD and his wife were assaulted during a robbery in their home in Nigeria on Sunday. The wife died, while the managing director is in hospital.
The European Community Shipowners' Associations, ECSA, welcomes the EU Commission's new green growth plan, which was announced Wednesday. Unlike the Danish shipowners, the association does not criticize the CO2 quota scheme the Commission wants to place shipping under.
Ocean Network Express, ONE, becomes the latest container line to join the digital contract platform New York Shipping Exchange. Seven of the major shipping companies are now on board.
Two shipping companies have made it onto the list of the 25 most traded shares on the Oslo exchange. One of them is a tanker carrier that, like the rest of its sector, is riding a wave of high rates.
Oil companies in the Philippines are not ready to supply low-sulfur fuel oil, says the chairman of the country's shipowners' association. He says the IMO should exempt the Philippines from the new sulfur regulation until the country is ready.
The purchasing of second-hand ships has increased significantly since 2018, shows an analysis from Danish Shipping, according to Børsen. The development is attributed to good prices and uncertainty surrounding future environmental regulations.
Maersk CEO Søren Skou has lost two prominent management colleagues within a month, the US-China trade conflict remains unsettled and the new sulfur regulations take effect in 20 days. And yet, Maersk equity is at its highest level in two years.
After close to four and a half years heading BW LPG, Martin Ackermann now steps down to instead spend more time with his family. He does not yet know what the next step in his career will be, he tells ShippingWatch.
The new EU Commission has presented 50 initiatives that together will produce a CO2-neutral EU by 2050. Much against its own will, shipping will be included in the CO2 quota scheme. Tax exemptions on maritime fuels are set to end. Read the entire plan here.
If the rates take a dive, there are so many scrap-ready tanker ships in the market that the shipping companies themselves have a certain degree of control over supply and demand, Euronav CEO Hugo de Stoop tells ShippingWatch.
Container ships accounting for more than one tenth of capacity measured in teu will have a scrubber installed by early next year when the new sulfur regulations have come into force, projects Alphaliner. The number could rise significantly in the next Few years.
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