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APM Holding banks on hot water instead of black oil

APM Holding is investing in geothermal technology in a move to support the transition away from coal and gas. "The potential is too great to not be pursued," says Samir Abboud, who heads the project at APM Holdings.

Scan Global sends controversial bunker surcharge on to customers

The emergency bunker surcharge which numerous liner companies have introduced in recent weeks will be sent on in the system as far as possible. "We would not be able to withstand it if we had to pay it ourselves," Scan Global Logistics CEO Allan Melgaard tells ShippingWatch.

OW Bunker's bank wins key victory in the US

ING Bank, which headed OW Bunker's consortium, has won a key appeal case in New York, where a court has decided that the bank can lay claim OW Bunker's receivables from shipping companies. The bank lost the first round of the case.

New owners take control of Erria

A circle of new investors have in just a few days taken over a majority stake in listed shipping and consulting firm Erria A/S. These include longtime CEO Henrik N. Andersen.

Bernhard Schulte behind new shipping procurement company

Bernhard Schulte Shipmanagement and Columbia Shipmanagement have joined forces to create a new procurement company for ship supplies. The company will change the entire way supplies are delivered to vessels, say companies behind.

APM Terminals on Peru: We are used to competition

APM Terminals sees continued growth potential in South America's fourth-largest economy, Peru. The company is undaunted by Chinese Cosco's soon operational port located near APM Terminals' Pacific hub, Callao.

Monjasa books "very unsatisfactory" loss in West Europe

Monjasa's West Europe activities booked a "very unsatisfactory" result for 2017, in a year characterized by fierce competition in the bunker market. 2018 does not look set to be much better, says the company in its financial report.

Maersk Broker's bulk venture projects profit in 2018

At first glance, the 2017 annual report indicates a very tough year for Maersk Broker Bulk Chartering, headed by Frank Mortensen. But the numbers do not paint the right picture, says the CEO, who expects a profit already this year.

This week's top stories on ShippingWatch

The shipping industry is finding it harder to recruit talent, Nordic Tankers is ready for new direction and a new strategy and a couple of unforeseen issues have caused problems at Royal Arctic Line.

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