Torm looking for new CFO

Danish tanker carrier Torm's CFO Christian Søgaard-Christensen has expressed a wish to resign, and the carrier has thus started looking for a replacement for the position.

Did the tanker recovery finally begin in late 2018?

Are the surging tanker markets in recent weeks the de facto proof that the optimists were right and that the much-anticipated recovery emerged in 2018? Yes, says Scorpio Tankers, while major competitor Maersk Tankers says: No.

Trafigura preparing for challenging 2019

One of the world's major commodity traders, Trafigura, which has tanker shipping companies such as Maersk Tankers and Norden among its customers, eyes a challenging 2019 characterized by lower economic growth.

Tanker operators increasingly optimistic about next 18 months

While several tanker ship operators such as Euronav, DHT and Tsaksos Energy Navigation are generally positive about the next 18 months, future environmental regulations loom on the horizon. But the sulfur regulations are expected to create more business starting already next year.

Former Maersk top exec Tommy Thomsen is now a towering figure at Lauritzen

Tommy Thomsen, former Maersk top exec, has become a dominant figure at the old family-run Lauritzen shipping business with his appointment as CEO of owner Lauritzen Foundation as well as Chairman of shipping company J. Lauritzen. But is it problematic to serve in the two top positions at the same time? ShippingWatch has interviewed Thomsen.

Gas carrier expects growing LNG market

Gas carrier Höegh LNG increased both its top- and bottomline in the third quarter of the year. The LNG market continues to move in the right direction, estimates the carrier.

Danish Ship Finance outlines uncertain future for shipping

Significant legislative changes, protectionism and a frozen situation with far too many ships are just some of the challenges the shipping sector faces in the years to come. ShippingWatch delves into a new report from Danish Ship Finance.

Trafigura's fleet expansion kick-started by struggling yards

A fleet expansion for around USD 1.5 billion may sound like a lot. But the price for the 35 tankers headed for Trafigura's fleet is so low, that it is hard to doubt the upside, the commodity trader's Global Head of Wet Freight, Rasmus Bach Nielsen, tells ShippingWatch.

Ardmore's CEO expects real recovery late next year

The Irish tanker carrier points to increasing MR rates in the fourth quarter, but a real recovery is not expected until late next year, says CEO Anthony Gurnee to ShippingWatch, contradicting announcements from Torm and Concordia Maritime.

The US again warns tankers against violating Iran sanctions

The US government has issued a new warning to the shipping industry to not violate the recently reintroduced sanctions by, for example, sailing Iranian oil to Syria. At the same time, the US also introduces new sanctions against nine Iranian targets.

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