Mads P. Zacho leaves J. Lauritzen after four years at the helm. He bids farewell to a shipping company that was not able to report black figures during his time. The now departing chief executive is pleased with the changes announced by the company today.
The Lauritzen Foundation will provide financial support for the J. Lauritzen shipping companies if it becomes necessary again, the fund's CEO Tommy Thomsen tells ShippingWatch. He will serve as chairman of the two boards of directors following the split.
Clipper Group has sold spin-off company Coach Solutions with 16 employees to Norway's Kongsberg. "Software development is not a core competence for Clipper," says CEO Peder Norborg.
Tanker and dry bulk shipping company Norden orders four dry bulk newbuilds from a Chinese yard to be delivered in 2022. The purchase follows a period in which Norden has divested its owned fleet, but according to the CEO, prices are now so low that it is the right time to buy.
For the first time since 2009, the global dry bulk market is on track for a drop in 2020 due to the downturn created by the coronavirus pandemic, projects analysts at Arrow Shipbroking. But 2021 could develop in a completely different direction.
BW Dry Cargo has sold three kamsarmax vessels to an undisclosed buyer, the company confirms to ShippingWatch. Another vessel was sold at the end of May.
Commodity trader Glencore is being scrutinized by Swiss authorities, which have launched a probe into the company's businesses in the Democratic Republic of the Congo.
Thorco Projecs delivers another profit at a time when the company's owner has been in the headlines after several shutdowns. "This has created misunderstandings, and it's therefore nice to be able to cement that things are going really well," says CEO.
Dry bulk index Baltic Dry continue recent weeks' increase Thursday jumping 22.6 percent.
New technology and digitalization in shipping are often used incorrectly or end up being a stress factor for officers, a new report from Danish university Aarhus University concludes based on data from eight vessels. At worst, it may lead to accidents.
2020 Bulkers has taken delivery of the last of a total of eight new ships. Now the focus is on creating returns for investors, writes the dry bulk shipping company.
Operator Eagle Bulk has secured a new bank deal increasing an existing credit facility by a double-digit million-dollar amount. The agreement was signed with five lenders, and the loan expires in 2024.
In a transaction exceeding USD 212 million, Germany's Oldendorff takes over three large dry bulk vessels from an Indian power group.
Lightship is in the process of expanding its activities with yet another business area, explains the company's new CEO Sune Linné Fladberg in an interview with ShippingWatch. According to the CEO, the brokerage's revenue increased 20 percent last year.
Belships has just hired six top employees from Western Bulk to strengthen its business in Oslo. CEO Lars Christian Skarsgård is open to more recruitments and believes in growth in the otherwise hard-pressed dry bulk market, he tells ShippingWatch.
XO Shipping has welcomed a new partner into its ownership, the company confirms to ShippingWatch. After a record profit in 2019, the partners have now injected fresh capital.
Fears that the coronavirus outbreak in Brazil will paralyze the export of sugar have made dry bulk ship operators rush to send ships to major port Santos. Upwards of 70 ships are currently waiting by the port, according to data.
Mining company Vale shuts down three of its iron ore mines in region Itabira due to a coronavirus outbreak among employees. The shutdown is bad news for the dry bulk shipping companies, according to Deutsche Bank.
2020 could end up as a highly toxic combination of what the dry bulk sector experienced in 2009, with an all-time low demand, and a 2016 in which there were far too many ships, according to ominous report.
Technical Superintendent to UltraShip 
Business Development Director, Dry Bulk - Fednav
Business Analyst for International Shipping Company - Lauritzen Kosan
Tanker Operator – Aalborg - Uni-Tankers 
Operator, Dubai - PSTV
