On Tuesday the Norwegian shipping bank Maritime & Merchant received final approval from the Norwegian Financial Supervisory Authority (FSA), and the bank's CEO, Halvor Sveen, and his team, can now start working toward the actual launch of the bank.
"Ultimately, as a bank, you can't lose money, so this process has been focused on describing our 'line of defense' at the bank."
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Bunker Holding CEO: We'll have our second-best financial result to date
Bunker Holding, the world’s largest bunker supplier, will book ”the second-best result” in the group’s history for 2021/2022, says CEO Keld R. Demant in his first interview after a ”fatiguing court case.”
New disruptions threaten carriers on US west coast: "We need to be flexible"
Negotiations between port workers and employers on the US west coast pose a serious threat of more delays to container carriers. ”We need to be flexible,” says Hapag-Lloyd to ShippingWatch.
Sovcomflot divests from sanctioned tanker fleet
Russian tanker operator Sovcomflot, which has been subject to sanctions following Russia’s invasion of Ukraine, makes a significant divestment from its tanker fleet. One of the buyers is Eastern Pacific Shipping.
Russian shutdown of gas to EU countries causes sold-out markets for LNG ships
While Russia has turned off gas supply to some EU countries, LNG carriers report of a basically sold-out market. And according to an analyst, activity on the gas market may endure for a long time. ShippingWatch has interviewed Øystein Kalleklev, CEO of Flex LNG, on the outlook.
Esvagt turns deep deficit into black figures
Offshore and wind carrier Esvagt has turned around the development of its business in 2021, financial report reveals. A US breakthrough is still yet to happen.
Technical Controller 
Operations Manager 
Team Manager 
Junior Shipbroker