Nordea's recent interim report showed improvements, and the report also aired positive expectations for shipping. Improvements that Nordea's Head of Shipping, Hans Christian Kjelsrud, now confirms to ShippingWatch.
"We believe that the next two years will bring a gradual improvement of the market. This will happen due to an expected increase in the growth of the global economy, while the pace of newbuilding deliveries is also set to decrease. The next two years will see the delivery of a much lower number of ships than in the past three or four years," he says.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.