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Stena Bulk aims for climate neutrality by 2050

Swedish tanker shipping company Stena Bulk sets out five targets aimed at making the company climate neutral by 2050. Next year, Stena Bulk will launch its first vessel capable of running on methanol.

Soft product tanker market pressures rates at Stolt Tankers

The start to 2021 proved challenging for Stolt-Nielsen's chemical tanker carrier, Stolt Tankers. According to chief executive, rates and earnings were strained due to product tanker carriers bidding on chemical tanker cargoes. Most recently, the Suez Canal blockage has caused delays.

Norden significantly upgrades its 2021 guidance

Shipping company Norden now expects a significantly better result for 2021 than previously announced. In particular, business unit Dry Operator is expected to benefit from a stronger dry bulk market, writes the company Tuesday.

Dee4 Capital orders new tankers with JV-partners

Dee4 Capital Partners, led by former Norden and BW Group CEO Carsten Mortensen, has ordered three product tankers from a South Korean shipyard with a new joint venture partner. In total, the order amounts to USD 175 million.

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