Global container fleet now exceeds 23 million teu

With the latest delivery of mega-ships to MSC, the global container fleet now exceeds 23 million teu, writes Alphaliner. The fleet has shown steep growth this year, as stronger freight rates shipowners hesitant to scrap vessels.

Cosco appoints new OOIL chief executive

The parent company behind container line OOCL is carrying out a managerial reshuffle, which, among other things, entails a new CEO. He comes from Cosco, which recently acquired the Hong Kong-based company.

Sovcomflot CEO resigns

The chief executive of Russian state-owned tanker company Sovcomflot is stepping down. The new CEO was found internally.

MPC Capital and Zeaborn form new joint venture

A new joint venture between MPC Capital and Zeaborn is underway, says MPC. The companies will merge two units of shipbrokering activities, and the new venture is expected to launch operations on Nov. 1. Corrected

Norden lays off 11 employees and outsources tasks

Shipping company Norden dismisses 11 employees, who are losing their jobs because technical operation of the company's dry bulk ships is being outsourced to a Singapore-based operation. This happens as a part of Norden's strategy to shift its business toward buying and selling dry bulk vessels.

Samskip puzzled by Icelandic RAL approval

It comes as a surprise to Samskip that the Icelandic Competition Appeals Committee has rejected the protests voiced by the shipping company against the collaboration between Eimskip and Royal Arctic Line.

DFDS' environment chief: I ask myself how slow steaming can work

"If it's that obvious, why don't you just start," says DFDS' environment chief, Poul Woodall, to shipping companies planning on using slow steaming to reduce CO2 emissions. The ferry operator has a proposal for how planning could reduce one route's emissions by 40,000 tons per year.

Fredriksen's Ship Finance International changes name

John Fredriksen-controlled Ship Finance International gets a new name, agreed upon at the latest general assembly. The Bermuda-based shipping line is still trading under the SFL designation on the stock exchange, however.

This week's top stories on ShippingWatch

Video footage emerged Monday showing the hours ahead of two Maersk ships sinking while under tow. Maersk stakeholder KLP also expressed concern about the shipping company's shipbreaking partners in India after a yard worker died.

More ship orders send South Korean yard stocks soaring

Stock prices at the three major South Korean shipbuilders rose considerably over the past month. This is especially due to a wave of new orders, and the trend is expected to continue throughout the year, news agency writes.

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