Investor Blue Ocean Capital expects further consolidation in European ports
Blue Ocean Capital, investor in port infrastructure, sees a strong start to 2021 for the purchase and sale of ports and terminals, with expectations of further consolidation in Europe this year. However, bottlenecks and increasing unpredictability is a concern, says Managing Partner of the private equity fund.
While several dry bulk players report of great progress, dry bulk operator Ultrabulk sets forth a more cautious approach. "We probably didn't profit optimally in the first quarter," says CEO Per Lange to ShippingWatch.
There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.
With a bet on biomethane for the gas network, CMA CGM wants to "provoke investments and scale" in the market, and sees biomethane as a next step for LNG, says Farid Trad, VP of Bunkering and Energy Transition in CMA, to ShippingWatch.
The court case about disqualification for unfitness against Thor Stadil and Thorco CEO Thomas Mikkelsen now begins. In a comment to ShippingWatch, Stadil calls the case "nonsense". He risks losing the right to manage a company.
Revenue grew in the first quarter at Maersk Container Industry, which reports of growing demand from customers outside the Maersk Group. CEO Sean Fitzgerald told ShippingWatch about the strong start to the year in an interview in March.