The CEO of Hygo Energy Transition, part of Tor Olav Trøim's Golar LNG, finds itself tangled in a new corruption case in Brazil. Hygo is headed for an IPO in New York, but these plans are now on hold, report media.
A corrugated cable was the direct cause behind three seafarers being seriously injured during a drill on a Torm vessel in April. The shipping company tells ShippingWatch that it has learned from the accident.
Torm majority owner Oaktree Capital has bought up shares in competitor Ardmore Shipping, which Hafnia previously attempted to take over. The equity fund is now the tenth-largest shareholder in the Irish tanker operator.
Drewry has put together a ranking for ShippingWatch that shows which operator among Hafnia, Torm, Ardmore, Scorpio Tankers and d'Amico International Shipping delivered the best performance in the first six months of the year. There is a big difference between top and bottom.
Hamburg Commercial Bank is now starting to feel how several competitors have decided to halt their loans to shipping entirely. "This is an opportunity for us," the bank's head of shipping tells ShippingWatch.
Opposing assessments make several politicians bring Malta into play as a possible destination for the 27 migrants stranded on board Maersk Etienne. The Danish government says the migrants should go to Tunisia.
Ships are now shutting off their radio in strategic locations to avoid being called in to help migrants in the Mediterranean, says Danish Shipping, which calls for a reform of international conventions pertaining to rescues at sea. NGO applauds Maersk Etienne for its efforts.
Chief executives at three rivaling tanker shipping companies issue statements of support in favor of Maersk Tankers, which has had one of its tankers at a standstill for five weeks with migrants stranded aboard.
Alphatanker says that tankers with a scrubber on board are the biggest losers in the wake of the new sulfur regulations. The analyst firm assesses that the payback period for a scrubber is now up to five years for a supertanker.
The European Commission does not have the legal jurisdiction to enter the conflict about which country should accept the 27 migrants that are stuck aboard a Maersk Tankers ship. Denmark may have to accept the migrants, Danish political parties say, although minister rejects the notion.
The situation aboard Maersk Etienne is not Malta's responsibility, the country's prime minister Robert Abela asserted Sunday. "It ships under a Danish flag and was not in our SAR area," he said, according to several local media.
Maersk Etienne has been anchored with 27 migrants on board for exactly a month, and the ship thus sets an unfortunate record. The case has reached a "political deadlock," says Danish Shipping. Minister rejects sending them to Denmark.
Stena Group's interim result for the first half of the year is heavily influenced by the corona pandemic. Particularly the passenger division, which had to close down several routes, saw a sudden drop. The deficit has increased ten-fold compared to 2019.