Nordic American Tankers criticizes competitors for "gigantomania"
Norwegian tanker carrier Nordic American Tankers expects a highly positive development in the second quarter and the rest of the year, says management in an update to shareholders. The carrier's CEO criticizes competitors for being too focused on growth and size.
BY LOUISE VOGDRUP-SCHMIDT
Nordic American Tankers (NAT) has high expectations for the rest of the year, says CEO Herbjørn Hansson in an update to the Norwegian carrier's shareholders.
A large number of DSV employees have for weeks been living under the hard lockdown of major Chinese city Shanghai. In an interview with ShippingWatch, regional head of air and sea freight Claus Thomsen talks about keeping spirits high amid an uncertain situation.
Industry stakeholders and NGOs describe meetings last week leading up to IMOs climate session in June as a breakthrough for a global CO2 levy considered the single most important tool to decarbonize shipping. ”A huge step forward,” says researcher Tristan Smith.
The long-term lockdown of major city Shanghai has seriously affected land logistics at one of the world trade’s crucial hubs. It will take time to get infrastructure back to normal, predicts DSV regional head to ShippingWatch.