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Bulk

J. Lauritzen's senior VP for bulk steps down

J. Lauritzen will lose its second-in-command at Lauritzen Bulkers, Claus Stahl, who has resigned. He will instead join a major Danish dry bulk broker later this year. As such, Lauritzen Bulkers' daily management team has been reduced from three people to one within a year.

Norden raises profit guidance for 2017

Carrier Norden is now confident that it will deliver a double-digit million dollar profit for 2017, says the carrier. "This is a significant shift," CEO Jan Rindbo tells ShippingWatch.

Western Bulk Chartering CEO expects a black bottom line

CEO Jens Ismar believes that Norwegian dry bulk shipowner Western Bulk Chartering will emerge from 2017 with a positive result, he tells ShippingWatch in an interview. He expects that the positive development will continue this year.

Optimistic bulk carriers went shopping in 2017

2017 exceeded all expectations in the dry bulk market which finally caught a break. The positive development prompted shipowners to order a significant number of new vessels. So far, this is not a cause for concern, but just a few ships could change that, says Bimco.

Bulk rates soared in 2017 thanks to China

Bulk rates soared in 2017 and landed at their highest level in three years this December. China has been the driving force, says Bimco, which predicts more moderate growth rates next year.

This week's top stories on ShippingWatch

The week brought a large-scale merger between Euronav and Gener8 Maritime, questions concerning Maersk's key route in Latin America, Swedish sulfur legislation and much more.

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