ShippingWatch

BW_Group

Read all the latest news about BW Group. ShippingWatch gives you independent, credible, critical and fair news.

Hafnia Tankers' new board of directors has been settled

BW Group has now officially entered the Hafnia Tankers board of directors after its acquisition of the Danish product tanker shipping company. Hafnia Tankers' CFO has also stepped down, while the work toward a merger with BW Tankers continues.

"This was probably my last turn as CEO"

In addition to BW Group CEO Carsten Mortensen stepping down, the 52 year old shipping man is also bidding farewell to chief executive positions after 14 years. ShippingWatch has interviewed him about his plans and experiences after heading the Singapore-based group for three hectic years.

BW's purchase of Hafnia shares could lead to two scenarios

BW Group's large acquisition of shares in Hafnia Tankers could lead to two paths, sources tell ShippingWatch. Very positive for Hafnia Tankers that BW Group becomes new majority shareholder in company, CEO Mikael Skov tells ShippingWatch.

Shipping top execs: We don't have answers for the CO2 targets right now

Maersk Group CEO, Søren Skou, acknowledges to ShippingWatch that Maersk's plan of action to meet the new CO2 targets by 2050 is far from complete. BW Group's chairman Andreas Sohmen-Pao (photo) describes the targets as "an opportunity and a risk" that everyone needs to take into account.

BW Group orders a series of new product tankers

BW Group is now entering the LR2 segment with an order for at least six new product tankers with an option for two more. CEO of BW Pacific, Tina Revsbech, confirms the order to ShippingWatch.

DHT's two CEOs are Norway's best paid chief execs

The tanker carrier's two CEOs each earn more respectively than the top chief execs from Norway's three largest companies combined, reports Dagens Næringsliv. Competitor Frontline, which has made repeated attempts to buy DHT, has previously criticized the carrier's salary costs.

Frontline abandons corporate acquisitions and bets on own fleet

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

DHT and BW Group defy Fredriksen's block attempt

Frontline's attempt to stop DHT Holdings' purchase of BW Group's 11 super tankers does not bother DHT and BW Group. "We'll carry on as planned," both parties tell ShippingWatch. Access the New York Supreme Court decision here.

Analysts praise DHT Holdings for "splendid transaction"

Clarksons Platou and Fearnley Securities are both praising tanker carrier DHT Holdings for its purchase of BW Group's VLCC fleet. With the transaction, the company goes from being on the defense to an active player in the consolidation in the tanker market, say the analysts.

DHT Holdings buys 11 VLCCs from BW Group

DHT Holdings is set to buy BW Group's fleet of 11 VLCCs including two newbuildings set for delivery next year, inform the parties Thursday. The transaction will make BW Group a major shareholder in DHT Holdings.

BW Offshore helped by insurance money during rough year

The operating result for the full-year 2016 declined at BW Offshore. The setback was mainly due to losses and expenses related to the wrecked FPSO vessel Cidade de São Mateus. On the other hand, the insurance money from that accident compensates for some of the decline.

BW VLCC: Stadig stort potentiale i Kina

Mens det meste af verden taler om nedgangen i den kinesiske økonomi, og hvordan den påvirker verdenshandlen, så må industrien ikke glemme, at der i mange år frem fortsat vil være stigende behov for olie i Kina – det siger den kommercielle chef for BW VLCC til ShippingWatch.

BW Group hires new CFO from Norden

Jakob Bergholdt, current head of Norden's Singapore office, will become new CFO of BW Group and he will thus be working alongside his former boss at Norden, Carsten Mortensen.

Fearnley: This is how shipping segments will unfold

Analyst firm Fearnley has spent one week in Asia trying to assess the status of the shipping industry in Singapore, Shanghai and Tokyo. Based on visits to a number of key players in the shipping industry, Fearnley projects a bleaker future than previously anticipated.

1 - 25 af 47 Next page

Latest news

Jobs

See all

See all