This week's top stories on ShippingWatch

11 small parcels from North Korea were transported by a Maersk company, reported ShippingWatch this week. Other stories include the prospect of tariff barriers and a police report filed against Maersk Supply Service.

Trump about to sign tariffs into force

Trump is expected to sign a list of new import tariffs into force on Thursday. More than 100 fellow GOP members as well as the country's trade partners have warned of the risk of a large-scale trade war.

XO Shipping reports its best result ever

XO Shipping, headed by former Norden executive Ejner Bonderup, delivers the best result ever for the Danish dry bulk shipping company. A new credit agreement sets the stage for expansion in the years to come.

Golden Ocean CEO: Dry bulk remains at low levels

Even though the dry bulk market has improved significantly since 2016, the level is still low, says Golden Ocean CEO Birgitte Vartdal in an interview with ShippingWatch. "We're experiencing a positive trend."

Norden delivers USD 28 million profit for 2017

Danish dry bulk and tanker shipping company Norden finished 2017 with its first full-year profit since 2011. The adjusted profit came to USD 28 million. Norden expects a new profit for 2018.

Trump could be willing to soften tariff barrier

US President Donald Trump incited concerns about an impending trade war when he proposed to increase import tariffs on steel and aliminum. But statements from the president and several members of his staff now suggest that the tax proposal is not set in stone.

Pacific Basin eyes threats on the horizon despite profit

The dry bulk market is now back on track and has boosted the results at one of the biggest players in the market, Pacific Basin, which delivered its first profit in five years in 2017. But there are several threats looming over the currently strong dry bulk market.

J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Pioneer Marine aims for profit after turbulent year

Dry bulk carrier Pioneer Marine, which in September brought in former J. Lauritzen CEO as new chief executive, delivered a fourth quarter profit. The carrier is now aiming for a full-year profit in 2018, Janholt tells ShippingWatch.

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