"Disappointing" is all Eitzen Chemical CEO Jens Grønning has to say about the major chemical carrier's financial result in the 1st quarter 2014.
But the market developed differently than predicted by most, and the weather also had a negative impact, especially for the ships operating on the Atlantic, Western Europe, and North America. This affected the carrier's ships, as they had to use more fuel at sea while also losing time. Market-wise, the climate in North America played a negative part through fewer cargoes for the export markets, as the United States needed the energy for itself.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sohmen-Pao expects shipping's green transformation to be delayed
Elevated costs and energy prices might postpone shipping’s green energy transition, says BW Group Chair Andreas Sohmen-Pao in an interview with ShippingWatch on the consequences of the current geopolitical situation for shipping.
US aims to tighten shipping law – could lead to major penalties in harassment cases
New shipping legislation is being drawn up by the US Congress. If the Coast Guard Authorization Act of 2022 is passed, carriers risk million-dollar penalties in case they do not report sexual harassment cases or fail to do so in due time.
Alexander Saverys on Euronav merger: Compromise is the only solution
Belgian shipping family Saverys has no confidence in a merger between tanker rivals Frontline and Euronav unless a compromise is reached. ”That’s the only solution,” says Alexander Saverys in an interview with ShippingWatch.
MSC continues dispute with FMC judge in complaint case
MSC disagrees with a US federal judge’s proposed default judgment in a complaint case filed by the Federal Maritime Commission. The liner company had until Sept. 22 to present documents in the case.
IKEA stops chartering container vessels
IKEA will no longer lease space on board container ships to have its products brought to shelves across the world, the global furniture group confirms. But the company is trying to avoid congested ports.
Freight and Logistics Officer 
Purchase & Logistics Manager based in Copenhagen 
Technical Superintendent 
Student Assistant for Program Management 
Managing Director - Europe 
Fleet Manager 
IT Specialist