A significant portion of Scorpio Tankers and Scorpio Bulkers' fleet will be fitted with scrubbers in the coming years. The investment totals several hundred million dollars.
Mounting trade tensions have not changed Pacific Basin's outlook for the dry bulk market for smaller bulk vessels. The company is optimistic about a sustained market upturn.
The trade war between the US and China means that the US is selling significantly fewer soy beans to the Chinese than in the past. Brazil has increased its export, but the biggest surprise is to be found in a different market, says Bimco.
Bulk carrier Genco Shipping & Trading will install scrubbers on its capesize vessels. Even more vessels could end up with the systems on board, says the carrier.
Jesper Lok has resigned after serving two years as chairman of J. Lauritzen, which also gets a new vice chairman, the shipping company confirms to ShippingWatch. The successors are prominent maritime figures.
Scorpio Bulkers has secured a new loan from two banks to cover half its financing for six new ships, informs the company.
In a speech, the departing chairman of dry bulk association Intercargo, John Platsidakis, criticizes authorities for putting the burden of environmental regulations on shipowners rather than shippers or refineries. "It is about time to stand up and explain to the unaware public that shipowners are not the ones to blame," he says.
Maritime analyst firm Seaintel believes that container carriers' customers will have to cover the extra expenses when the global sulfur cap takes effect. No other party can, says Seaintel.
The first three months of the staggered fiscal year provided Cargill with growth on both the top and bottom line. The company highlights a new CO2 program in its shipping division.
The European Community Shipowners' Association wants the EU to add more yards to its list of approved sipbreakers. The latest comments follows shortly after two NGOs criticized shipowners for calling for more scrapping capacity.
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In less than five years, project cargo operator Ocean7 has grown significantly – in the number of employees and on the bottom line. The next step is to get more ships and offices, CEO Stefan Nordby Petersen tells ShippingWatch.
The number of owned ships has gone down again at dry bulk operator Noble Chartering, and more ship sales could be in store on the longer term, CEO Michael Nagler tells ShippingWatch.
One decisive factor contributes to a small recovery in the hard-pressed heavy lift segment. But the rates need to increase by 20-40 percent before the market can be described as healthy, says the CEO of the world's second-largest project cargo carrier, Svend Andersen, in an interview with ShippingWatch.
Account Manager - Port of Aarhus
General Manager - On-site recovery, MAN Energy Solutions
Professional consultant - CO-Sea
Ocean agent - Expeditors
