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Baltnav diversifies business after busy 2018

Danish bulk operator Baltnav had a busy 2018 with increased profit. The company will soon open an office in South America and is also pursuing partnerships in segments such as ship management.

Tough dry bulk market makes Klaveness reduce fleet

Norway's Torvald Klaveness has reduced its activity in the dry bulk market following a tough start to 2019, when several factors have dragged down the market. "We're a bit uncertain as to where the market is headed," CEO Lasse Kristoffersen tells ShippingWatch.

J. Lauritzen hit by sudden dry bulk collapse

The sudden drop in dry bulk rates at the start to 2019 has impacted J. Lauritzen, and the low level has continued into the second quarter. Today, day rates are approximately USD 3,000 away from break-even for the shipping company, CEO Mads Zacho tells ShippingWatch.

"I'm more concerned about swine fever than trade war"

The outbreak of African swine fever in China is set to affect so many soybean-fed pigs that it will impact freight needs significantly, say Klaveness and Norden. Right now, the situation is a bigger challenge than the trade war, says Norden's CEO.

XO Shipping played it safe in 2018

A more cautious approach resulted in a lower bottom line for XO Shipping in 2018. Chairman Kent Hedegaard tells ShippingWatch that the company's strategy was a success despite the reduced profit. Updated.

Nordic Bulk Carriers delivers its best result yet

Nordic Bulk Carriers finished 2018 with its best results yet on the top as well as the bottom line – despite the fact that "rates are near their lowest point since 1985," as the company notes in its annual report.

Golden Ocean expects new deficit

Dry bulk ship operator Golden Ocean finished the first months of the year with a bottom line deficit that is USD 31 million worse than last year. This trend could continue in the second quarter, expects the company.

Former TKB owners behind new dry bulk operator

Two former co-owners and an employee of TKB Shipping have founded dry bulk operator Union Bulk. "We all think it would be exciting to build something up from the ground," one founder tells ShippingWatch.

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