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Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

Bunker One to rebuild carriers' trust after OW collapse

Two events are behind the changes in the bunker market that made Bunker Holding eye a need to launch its new venture, Manager Peter Zachariassen tells ShippingWatch. One is the OW Bunker bankruptcy in 2014. The other will happen two years from now.

Carriers hedging against more expensive fuel for years ahead

Carriers are now so confident about the global sulfur cap in 2020 that they are starting to readjust their costs according to the new low-sulfur fuel. Concordia Maritime has settled a significant part of its bunker consumption for 2020 and 2021, CEO tells ShippingWatch.

This week's top stories on ShippingWatch

Prices for offshore vessels at rock bottom, the view on ethics among carriers as well as investors, and a McKinsey report on the container industry's return on investments were all among this week's top stories on Shippingwatch.

Surging bunker prices starting to trouble carriers

Marine fuel prices have grown steadily over the past two years, show new figures from Bimco. In particular, this negatively impacts carriers and their customers, while it spells good news for the major bunker companies, analyst tells ShippingWatch.

Bimco: Insufficient sulfur resolution would weaken the IMO

Implementing and not least enforcing global sulfur requirements will be a test of the IMO's legitimacy, according to Bimco's Deputy Secretary General, Lars Robert Pedersen, in comments today to ShippingWatch, as the crucial sulfur meeting begins in the IMO.

This week's top stories on ShippingWatch

The sale of tanker carrier Herning Shipping to Norwegian investors, digital challenges ahead of shipping and a proposal to reveal the names of sulfur sinners were all among this week's top stories on ShippingWatch.

Disappointed investors to break up Aegean's board

A group of investors led by the fund Sentinel Rock Capital is so dissatisfied with the development of the bunker company Aegean Marine Petroleum that they are now pushing for a change of the board, they tell ShippingWatch.

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