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Senior Vice President Lars Kastrup leaves CMA CGM

Lars Kastrup was actually about to leave CMA CGM in August last year, but he was then given a very concrete task, which has now been completed. The senior VP has now left the French container shipping line, ShippingWatch has learned.

Virus outbreak creates uncertainty in dry bulk

The coronavirus outbreak in China creates uncertainty in shipping – not least in dry bulk, which is already off to a difficult start in 2020. The situation has prolonged the Chinese New Year, and this can cause delays in the market, a brokerage firm tells ShippingWatch.

Oaktree expands its presence in Star Bulk

Majority shareholder in Greek Star Bulk, equity fund Oaktree, uses its large ownership stake to insert another one of its people on the shipping company's board of directors.

Shipping companies seek clarity on ESG: "How much is enough?"

Many shipping companies welcome more sustainability, but several of them experience that requirements from investors and customers in particular are unclear. "Nobody knows what it is going to cost or exactly what is it that will cost," says Ridgebury Tankers CEO.

Hapag-Lloyd follows Maersk: Increases bunker surcharge

Yet another of the world's biggest container shipping companies now introduces an extraordinary bunker surcharge following recent weeks' large price increases on low-sulfur fuels. This time it is German Hapag-Lloyd, ShippingWatch learns.

CCO resigns from Hamburg Süd

Frank Smet steps down as CCO of Maersk-owned container line Hamburg Süd and retires. Management colleague takes over his responsibilities.

Concordia Maritime opts for pan-Nordic business set-up

Tanker shipping company Concordia Maritime moves its operations from Sweden to Denmark, although CEO Kim Ullman stays in Gothenburg. The next move could be a listing on the Oslo Stock Exchange. ShippingWatch has interviewed Ullman about the new set-up.

Shipping companies pledge to work for gender equality

A new initiative from Danish Shipping aims to increase the number of women in shipping. 15 companies will on Thursday have signed a charter in which they pledge to work actively toward gender equality. The goal is to ensure that three out of four Danish shipping companies have signed the charter within the next year.

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