Major improvements in the Offshore Energy division were not enough to secure a profit on the Dutch offshore company's bottom line.

The current tanker market is catastrophically poor with unprecedented low rates in the otherwise attractive winter months, Norden CEO Jan Rindbo tells ShippingWatch. That is why he projects that Norden's earnings will almost halve in 2021, compared to 2020's record result.

Despite a strong second half-year, Kuehne + Nagel's container volumes declined overall in 2020. Sky-high demand and container shortages have led the logistics company to focus on its "key customers" during the pandemic, says CEO Detlef Trefzger.

A series of shipping companies including DFDS and Klaveness, as well as commodity trader Trafigura, call on the EU to bet on ammonia and hydrogen as the marine fuels of the future. LNG and biofuels emit too much CO2, they say.

Drilling company Seadrill started 2021 with a deficit four times the size of that in 2019. The strained company continues to be in talks about a comprehensive rescue plan and still awaits approval of its Chapter 11 petition.