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Bunker company in Singapore being liquidated

Bad news keeps emerging from the strained bunker sector, in which bunker company Coastal Oil Singapore, a local player in the world's largest bunker port, is now in the process of being liquidated.

Maersk to venture into marine insurance market

The liner shipping company will now enter the marine insurance market with a new service the company calls "an expanded liability solution" that closes gaps in unforeseen situations. Insurance player notes that the product will be especially relevant to smaller shippers.

A new platform will enable shipping players to exchange tonnage

Two shipping profiles have joined forces to create a new platform for exchanging assets between shipping companies, operators, banks and other shipping players. An opportunity for a dry bulk shipping company to secretly test a tanker, for instance, the new venture tells ShippingWatch.

Nordea commits to shipping and offshore

Nordea will be in shipping and offshore over the next decade, pledges the bank's CEO Casper von Koskull. Two capacities are critical in the new global agenda, he says.

Texas refinery named in case about bad bunker

An oil company with a large refinery in Houston is mentioned as supplier in a new case about contaminated bunker in which shipping company Chembulk experienced problems. This marks the first time that a refinery is mentioned in one of the many cases.

Dismissed employee triggered Endofa's dispute with partner

Endofa's ambitions to build a global bunker company ended up in animosity and a sentence against a partner for providing misleading information about oil trades in Angola. But it was an outsider who set the case rolling. Based on witness testimony, ShippingWatch tells the story.

Trump sticks with plans to raise tariffs by new year

It is "highly unlikely" that the US will abandon its plans to levy significantly higher tariffs on Chinese goods by the turn of the year, says US President Donald Trump only a few days ahead of a summit meeting with Chinese President Xi Jinping.

HSH Nordbank crosses final 't' in sale

The privatization of HSH Nordbank is now finally complete with equity transferred to its new owners. The bank now has until 2021 to reach important targets and change its name.

EU approves privatization of HSH Nordbank

EU Commissioner for Competition Margrethe Vestager has approved the privatization of German shipping bank HSH Nordbank. German authorities have found a sustainable solution for the bank, she says.

Contaminated bunker spreads to China

A law firm now says that it is involved in a case concerning bad bunker in China. This means that the problem, which has affected close to a hundred ships since the spring of this year, has now spread further.

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