Stolt-Nielsen reports best quarterly profit in years

Norwegian Stolt-Nielsen, which has acquired shares in competitor Odfjell, benefitted from higher volumes and spot rates in the chemical tanker market and predicts further improvement in the market. The company is, however, not quite ready for ordering newbuilds.

Frontline continues buying up shares in Euronav

John Fredriksen is not yet through with buying shares in Belgian Euronav ahead of the merger between Euronav and Fredriksen’s tanker operator Frontline, which recently bought 4% equity in Euronav.

Plan for Norden's new division changed markedly in eight weeks

When the war broke out in Ukraine, Norden made a significant change to its exposure within tanker and dry bulk, which have been combined under a new unit. ”This shift has been extremely important,” says COO Christian Vinther Christensen in an interview with ShippingWatch.

J. Lauritzen appoints Kristian Mørch as new CEO

Lauritzen Fonden’s investment company, J. Lauritzen, appoints Odfjell’s former top executive Kristian Mørch as new CEO. According to the foundation’s CEO, Tommy Thomsen, the stage is set for growth.

Frontline acquires additional Euronav shares

Once again, Frontline buys shares in merger target Euronav and thus continues the acquisition raid with Belgian shipping family Saverys, which is fighting to prevent a merger through its company CMB.

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