Akastor, part of Kjell Inge Røkke's Aker group, joins US-based Baker Hughes in establishing a joint venture to deliver global drilling solutions. Activities will be managed from both Norway and the US.

The sale of Danish ferry company Molslinjen to equity fund EQT Infrastructure closed today, Tuesday, March 2. As part of the transition of ownership, the company elects a new board of directors, chaired by Niels Smedegaard.

René Kofod-Olsen is V.Group's fourth CEO in just three years. The many changes have been a distraction and have led to several wrong decisions, he tells ShippingWatch. The mandate from the owner is to future-proof the company, and for this he is willing to make both selections and rejections.

Only 46 percent of Maersk's vessels arrive on time, which is a service level that Maersk, according to CCO Vincent Clerc, is "dismayed by", even if the industry reliability average is only around one in three ships.

Due to higher prices of raw materials, coating manufacturer Hempel now raises its prices globally.