ShippingWatch

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Wallenius Wilhelmsen: 50 percent reduction of GHG emissions is the absolute minimum

Wallenius Wilhelmsen acknowledges that the public attitude to CO2 is quickly developing into a demand for zero emissions, and that this could lead to an adjustment of the shipping sector's target of a 50 percent reduction by 2050. Maersk says that the 2030 target is a crucial step.

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Norden lays off 11 employees and outsources tasks

Shipping company Norden dismisses 11 employees, who are losing their jobs because technical operation of the company's dry bulk ships is being outsourced to a Singapore-based operation. This happens as a part of Norden's strategy to shift its business toward buying and selling dry bulk vessels.

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DFDS' environment chief: I ask myself how slow steaming can work

"If it's that obvious, why don't you just start," says DFDS' environment chief, Poul Woodall, to shipping companies planning on using slow steaming to reduce CO2 emissions. The ferry operator has a proposal for how planning could reduce one route's emissions by 40,000 tons per year.

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Samskip puzzled by Icelandic RAL approval

It comes as a surprise to Samskip that the Icelandic Competition Appeals Committee has rejected the protests voiced by the shipping company against the collaboration between Eimskip and Royal Arctic Line.

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Equinor finds new golden goose in Ørn exploration

The Norwegian oil and gas major has located 8-14 million cubic meters of extractable oil equivalents during its Ørn exploration. Equinor says the find adds extra volume to a mature field and shows that opportunities still exist on the Norwegian continental shelf.

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Tanker rates may drop following attack on Saudi Arabian oil plants

VLCC and LPG rates will face pressure following Saturday's drone attack on two Saudi oil plants, assesses investment bank Cleaves Securities. The bank furthermore predicts that the strike may lead to "several attacks on shipping" in the area around the Strait of Hormuz.

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Fredriksen's Ship Finance International changes name

John Fredriksen-controlled Ship Finance International gets a new name, agreed upon at the latest general assembly. The Bermuda-based shipping line is still trading under the SFL designation on the stock exchange, however.

New dry bulk venture could be sold within a year

Dry bulk venture 2020 Bulkers, which has Tor Olav Trøim as founder and major shareholder, does not exclude the possibility of a future sale. "If this company does not exist one year from now, that is not a problem," says the CEO.

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