Project cargo to generate growth at G2 Ocean

Norway's G2 Ocean is now betting heavily on the project cargo segment, in which the merged shipping company has just opened two new offices. According to its CEO, project cargo attracts the main part of new customers.

Trump raises tariffs on Turkish steel

The US on Monday imposed new sanctions against Turkey. According to President Donald Trump, tariffs on Turkish steel will be raised to 50 percent, a move that comes in response to Turkey's offensive in northern Syria.

Soybean trade has gone down in 2019

Soybean exports out of Brazil and the US went down 7.8 percent in the first eight months of the year, compared to the year before, writes Bimco in a new analysis.

Noble Chartering negotiates sale of remaining fleet

Noble Chartering has divested large parts of its fleet, and right now the company is negotiating the sale of its last vessels, CEO Michael Nagler tells ShippingWatch. Meanwhile, Noble Chartering has ended its collaboration with Danish dry bulk carrier Atlantic Chartering.

Zeamarine appoints new CFO

Multipurpose ship operator Zeamarine gets a new CFO. The new man was found within the company's own ranks and replaces current chief financial officer Michael Dumas.

Integrity Bulk's ship taken hostage in dispute about misdescribed cargo

A dispute concerning a misdescribed cargo meant that Integrity Bulk had to pay for a ship that was idle in the Philippines for some time. The dry bulk operator now expects to reclaim money from the shipper. The case resulted in a deficit in an otherwise solid 2018/19, says CEO. Corrected.

Scorpio Bulkers sells more ships

Dry bulk shipping company Scorpio Bulkers sells two ultramax bulk vessels for nearly USD 40 million. The money will be spent on, among other things, paying off debts.

Hacker gained access to "compromising material" about Norden

When an external consultant mistakenly clicked on a link in a phishing mail in July, he opened up for access to "compromising material" about Norden. The company informs that the access was limited and that procedures have been tightened. A month something similar happened again.

Follow Hapag-Lloyd and J. Lauritzen's preparations for IMO 2020

ShippingWatch has been granted exclusive access to the internal considerations being made by pace-setting shipping companies Hapag-Lloyd and J. Lauritzen ahead of Jan. 1, 2020, and the decisions that need to be made in order to ensure that everything is ready for the new sulfur regulations. Follow the series in the months to come.

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.

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