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This week's top stories on ShippingWatch

Norway's Government Pension Fund Global blacklisted carriers for using beaching yards, the new ECSA chairman presented a notable new proposal, Norden raised its forecast and Maersk established a company with IBM. These were all among this week's top stories on ShippingWatch.

Aker Solutions is hiring again

A few years ago, Norway's Aker Solutions fired more than 5,000 employees. The company now needs new recruits, reports Norwegian media Stavanger Aftenblad.

Norway awards record number of new oil licenses

The Norwegian Shelf will be a busy workplace over coming years if the oil companies seize the opportunity and utilize the many licenses they have just been awarded. Statoil and Aker BP were the big winners.

Why the Norwegian oil fund blacklisted carriers for beaching

The world's largest sovereign investment fund, Norway's Government Pension Fund Global, voices fierce criticism of the practice of scrapping vessels in Pakistan and Bangladesh in its explanation for blacklisting four carriers. Conditions in India were not reviewed.

Several states oppose Trump's drilling license sales

Multiple coastal states in the US are seeking exemption from a planned sale of new oil and gas licenses in US waters. One state is already exempt. The expansion is part of President Donald Trump's efforts to strengthen the oil industry.

Oil price poised to break through new surprising price ceiling

While the offshore sector is improving and there is renewed optimism, carriers are beginning to feel the pain. Not just among tankers, which transport oil, but all carriers which pay for fuel. Now, the price is about to break a new all-time price ceiling.

Shell victim of extensive oil theft in Singapore

Oil major Shell fell victim to extensive oil theft from its refinery in Singapore. Several individuals have been arrested and charged, including former employees of the refinery. Meanwhile, a large amount of money has been confiscated.

Nor-Shipping launches first conference outside of Norway

One of the world's largest maritime conferences, Oslo-based Nor-Shipping, will hold its first event outside of Norway. In May this year, a conference will be held in Copenhagen with the goal of attracting at least 600 delegates.

Esvagt looks to expand fleet after large capital injection

The fresh capital from the owners of Danish carrier Esvagt will be spent buying new wind vessels. "We expect that offshore wind will make up 40-50 percent of revenue within approximately three to four years," CFO René Just tells ShippingWatch.

This week's top picks on ShippingWatch

During the first week of 2018, Maersk Drilling received criticism from Norwegian authorities after a fatal accident, while Nordic Tankers sold a joint venture to a German carrier. And optimism seems to be returning to offshore, not least Norway's oil capital Stavanger.

North Korea keeps sneaking in oil with secret ship transfers

When ships transfer cargo to each other in the ocean, it makes it hard to enforce international sanctions against selling oil to North Korea. "It's very easy to black out a ship and hide it," said Rahul Kapoor, an analyst with Bloomberg Intelligence in Singapore.

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