Intertanko: These are the tanker market’s troubles

As if the tanker market did not have enough to worry about in the year of 2013, during which way too many ships have entered a market with little growth, new jokers have appeared,” Intertanko tells ShippingWatch.

BY TOMAS KRISTIANSEN

Published: 13.06.13 at 12:26

Frontline is engaged in a new restructuring. Maersk Tankers is fighting to secure a surplus or a better result even. Torm is struggling to prove to the shareholders, the old bank creditors, that they can run a business.

If you ask the international organization of the tanker shipowners, Intertanko in London, challenges abound, not least for the major VLCCs which sail in Frontline and Maersk Tankers.

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

Start a free company trial today

CBS launches board program for the shipping industry

Andreas Sohmen-Pao, chair, BW Group. | Photo: Global Maritime Forum

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

G&O Maritime Group buys maritime supplier

Morten Pilnov is CEO of G&O Maritime Group. | Foto: G&O MARITIME GROUP

G&O’s acquisition is aimed at strengthening the company’s green profile and making a stronger mark internationally.

EU countries ready for CO2 quota negotiations – but without a shipping fund

After marathon negotiations, EU member countries passed a mandate late Tuesday for inclusion of shipping into the union’s emissions trading system. A proposed special fund for the industry’s transformation does, however, not appear to be on the table.