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What is going on with Pacific Basin and Nordic CEOs?

Martin Fruergaard becomes the third Nordic CEO to head Hong Kong-based dry bulk shipping company Pacific Basin since 2000. Why has the company again picked a Scandinavian? And why Fruergaard, the chief executive of a gas ship operator?

Shippers with "low-value" goods hit hardest by soaring rates

Shippers sending the cheapest goods are hit the hardest by the towering container rates. There are too few containers and too little space on the ships, and shippers with "high-value" commodities will push those with "low-value" goods aside, writes Sea-Intelligence.

A new motorized bow turns tugboats into icebreakers

A removable electric bow is now in operation on a tug boat in Finland in a pilot project testing the efficiency of the technology. The bow can potentially turn ice-strengthened vessels into icebreaker vessels for the winter season.

V.Group replaces CEO of ship management unit

Franck Kayser steps down as CEO of V.Group's ship management activities to instead serve as managing director of the company's Danish business. V.Group has found his replacement at rival.

Alba Tankers has bought new ships and made USD 16 million in five years

Tanker operator Alba Tankers, which was created out of OW Bunker's dramatic collapse, has added millions of dollars to its bottom line, shows annual report. In recent years, the shipping company has bought new ships and increased its workforce by almost 100 people, executives tell ShippingWatch.

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