With the acquisition of Herning Shipping, Axel C. Eitzen is back in the industry on a larger scale than before. In an interview with ShippingWatch, the Norwegian discusses his return after having lost almost everything.
Many instances of oil spills at sea, which are expensive for carriers, are rarely caused by ship collisions. Quite the opposite, oil spills are often caused in easily avoidable situations, Northern P&I Club evaluates.
DFDS is selling two ferries. The carrier will gain DKK 20 million (EUR 2.7 million) from the sale.
The world's second-largest ship registry in Liberia supports an extensive reform of the UN's maritime organization and implies that the industry has too much influence on legislation in global shipping.
The debt-stricken commodity trader Noble Group will receive USD 100 million for LNG business from existing shareholders if rescue plan goes through.
The EU's new tariffs on a number of US goods came into effect Friday. "We have an escalating trade war," says Chief Economist of major bank.
The competition authorities in Iceland are currently only focusing on Eimskip and Samskip in a protracted case about secret pricing agreements. Previously, the authorities indicated that there might be a connection to companies outside the country.
Despite its status as one of Denmark's biggest shipping companies, DFDS is struggling to attract employees for its IT division, which employs 250 people. "Difficult and annoying," says the company. "A general trend," notes Danish Shipping.
A little uncertainty is not a bad thing for the dry bulk market, which is otherwise bubbling with optimism after a series of tough years. As such, several shipowners are not worried about a looming trade war.
Weco Tankers, formerly Dannebrog Rederi, booked a deficit of USD 4.8 million in a tough 2017. Things are not looking much better for this year, says mamagement.
The US's individualist trade policy will ultimately harm the country's own workers and farmers, says Chinese spokesperson at a press conference. China will take action to defend its own interests.
Greek shipowner Danaos Corporation has signed a deal with its lenders to refinance debt totaling around USD 2.2 billion. The shipowner was hit hard by the collapse of Hanjin Shipping.
Perhaps Maersk's Chilean container factory was doomed to fail even before the construction was completed three years ago. At any rate, the former MD of MCI says there were doubts about profitability even prior to its launch. Chile's Ministry of Labor reviewed the factory a year ago.
The impending trade war between the US and China will hurt on the Pacific tradelanes for container shipping. In a new analysis, Alphaliner ventures an estimate at how much it will hurt.
China's Cosco will over the next two years take delivery of a number of newbuilds corresponding to the size of a medium-large liner company. This could force Maersk to change its decision to not build new ships, says Chief Analyst Tan Hua Joo of Alphaliner. His expectations for the rest of 2018 and into 2019 are far from optimistic.
CMA CGM buys family-owned logistics company Containerships in a move that will strengthen the French liner major on North European shortsea routes, including in the Baltic Sea.
The EU retaliates against US metal tariffs with 25 percent duty on EUR 2.8 billion worth of imports of US-made products.
Clipper's Irish ferry operator Seatruck Ferries boosts its capacity by 30 percent on the route between Ireland and England with larger ferries.
Scorpio Tankers will not sail with scrubbers, as the shipping company sees no convincing arguments in favor of using scrubbers to comply with the sulfur directive by 2020. The company will opt for another solution.
US Commerce Secretary Wilbur Ross denies allegations that he engaged in insider trading when he short sold stock in Navigator Holdings a few days before a story emerged that the shipping company was linked to associates of Vladimir Putin.
Next month Maersk Tankers will test a new digital tool that has been developed in collaboration with a secretive US-based hedge fund. This could be decisive in terms of competition going forward.
A.P. Moeller-Maersk has found its new CFO after Jakob Stausholm stepped down earlier this uear. The new CFO comes from the Swedish business sphere.
If the liner shipping companies feel that disruption is changing the state of the sector today, they ought to take a glance at McKinsey's latest report, which presents a possible scenario for the future and the next 25 years. Find the complete report here.
The emergency bunker surcharge which numerous liner companies have introduced in recent weeks will be sent on in the system as far as possible. "We would not be able to withstand it if we had to pay it ourselves," Scan Global Logistics CEO Allan Melgaard tells ShippingWatch.
Norwegian investment company Akastor splits ownership of its offshore shipping company AKOFS Offshore by selling half the shares to Japan's Mitsui, including to Mitsui's liner company MOL.
Financial Controller - Hong Kong, Pacific Basin
Senior Communications Partner - Norden
Chartering Manager (Copenhagen-based) - BW Tankers
HR Consultant (Part time) - Hafnia Tankers
Assistant Business Analyst at Ultrabulk A/S
XO SHIPPING Seeking younger dry load chartering profile
ShippingWatch is looking for a new reporter
Marine Superintendent - Humboldt Shipmanagement
Dry cargo Operator - XO Shipping
We are seeking a new colleague for the Chartering Department
