Skou wants suppliers to join Tradelens: "We can basically force them"

Tradelens is now starting to focus more on terminal operators and trucking companies after several major shipping companies have decided to join the platform. According to Maersk CEO Søren Skou, Maersk is capable of forcing them to join. "Because if they want to do business with us they have to supply data," he says.

Dryships delisted by founder

Greek Dryships Founder and CEO George Economou has bought the remaining shares of the company, taking the company off the New York Stock Exchange.

Flex LNG executive following new loss: "A cold shower"

The first half of 2019 was a cold shower for most of the LNG market, says Flex LNG's chief executive in connection with the gas carrier's presentation of yet another deficit. However, he believes improvement might be just around the corner.

Nordic American Tankers reduces loss in second quarter

Nordic American Tankers' red figures on the bottom line diminished in the second quarter of 2019 compared to the year prior, shows the company's most recent interim report. Nordic American Tankers experienced significantly higher rates in 2019.

Global container rates more stable than ever

Recent years' extensive consolidation among major container liner companies has created the most stable rate environment in the global container industry ever seen, according to Sea-Intelligence.

Torm embarks on tough third quarter

Product tanker rates remain low in the second half of the year, and if this trend continues, Torm will end up booking a deficit for the third quarter. CEO Jacob Meldgaard is positive, however, about the remainder of the year, in which several factors are expected to boost the sector.

Media: Trøim booked hundred-million loss in one year

Setbacks in Borr Drilling and Golar LNG stock hit investor Tor Olav Trøim with losses totaling USD 222 million in asset values in one year, according to a Norwegian newspaper which reports that the sum corresponds to what Trøim received from Seadrill in 2014.

Clarksons sees basis for even better full-year results from Maersk

Maersk's "strong" results for this year's second quarter leads Clarksons to believe that, despite turmoil in the global in the global economy, the container line will reach its USD 5 billion guidance for the full year. "We see the likelihood of the company reaching its full year guidance as high," writes the analyst firm.

DFDS' downgrade surprises analysts

Brexit has become an even more painful headache for DFDS, which recently downgraded its full-year guidance to the surprise of several analysts.

Søren Skou wants to turn Damco around and speed up logistics

Logistics must grow in Maersk's new strategy, but the freight forwarding business in Damco noted a setback in the second quarter and helped drag down Non-Ocean. CEO Søren Skou is not pleased and heralds full focus and acquisitions – five areas are interesting here, he says.

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