Iranian shipping has only one slim hope left

Mohammad Saeidi is the personification of Iranian shipping. Right now he has one, perhaps slim, hope left before the country is hit by renewed sanctions less than a month from now. Western shipping companies are leaving the country, and the question now is whether this will change.

BW LPG withdraws offer to buy Dorian

After four months of courting, gas shipping company BW LPG has withdrawn its offer to buy competitor Dorian. A lost opportunity for shareholders and the sector, says BW Chairman Andreas Sohmen-Pao.

Mats Berglund joins board of Ardmore

Mats Berglund, CEO of dry bulk carrier Pacific Basin, joins the board of directors of Irish product tanker ship operator Ardmore Shipping. He is joined by another new board member.

Qatar's oil company increases LNG production

State-owned Qatar Petroleum will increase its production of liquefied natural gas to more than 100 million barrels a year. Qatar thus emphasizes its focus on LNG as the fuel of the future, writes Wood Mackenzie.

Lack of financing breaks Norway's Skaugen

Norwegian gas carrier IM Skaugen will probably be liquidated after it failed to settle a refinancing deal with Nordea. Morits Skaugen apologizes in a personal letter to shareholders and bondholders. Read the full affidavit from the Singapore High Court here.

Hafnia Tankers' new board of directors has been settled

BW Group has now officially entered the Hafnia Tankers board of directors after its acquisition of the Danish product tanker shipping company. Hafnia Tankers' CFO has also stepped down, while the work toward a merger with BW Tankers continues.

Analyst casts doubts on product carriers' 2020 hopes

Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.

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