Former Monjasa director joins Trafigura

A former managing director for Monjasa's offices in Dubai has been hired by competitor Trafigura. Until 2015, the two companies had a close partnership in the lucrative bunker oil market in West Africa.

Eurogate will have to fight its way back in a low-growth market

Terminal operator Eurogate did not quite benefit from the upturn that benefited competitors for a decade with growth rates at 9 percent. That will now be made up for, one of Eurogate's two chief executives tells ShippingWatch. The current growth rate is only at 3 percent.

Shipowners accuse OW Bunker of acting in "bad faith"

A number of shipowners wants a US court to determine whether OW Bunker continued to sell oil even though senior management knew the company was beyond recovery. If determined, it could open up for damage claims in the US, says lawyer.

Major German investor wants to buy up in MPP after banks' exit

German investment company Dr. Peters Group aims to close the gaps left by banks in the hard-pressed multipurpose sector and is preparing itself for large acquisitions in MPP and two other segments. Especially larger fleets with a particular type of ownership are interesting to the firm.

Last week's top stories on ShippingWatch

DFDS is bracing itself for long lorry queues in Dover after Brexit, bad bunker reached the world's largest bunker port and DSV's guidance upgrade were among this week's top stories on ShippingWatch. Also read about Kontainers, which will challenge startups such as US firm Flexport.

Risk Intelligence seeks IPO to kick start major expansion plan

Risk Intelligence is headed for an IPO in Sweden and is raising millions for a new growth plan aimed at tripling revenue in the course of just two years, CEO Hans Tino Hansen tells ShippingWatch. The company is also opening an office in Singapore. Read on to learn all about the plan.

DSV upgrades its expectations after record Q2 result

Transport and logistics group DSV now upgrades its full-year expectations for operating result as well as available cash flow after a result for the second quarter described as "all-time high" by CEO Jens Bjørn Andersen.

BP quadruples profit in second quarter

British oil and gas giant BP is raking in money due to rising oil prices and investments in new fields. The company has also increased its green investments, but to a far lower degree than some of its competitors.

Bunker prices could increase 25 percent throughout 2018

Higher oil prices will make bunker prices increase by 25 percent throughout 2018 compared to last year, projects rating bureau Scope. This development will strain the finances at box carriers despite otherwise positive tendencies.

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