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Banks issue new large-scale loans to tanker carriers

Two of the world's biggest players in crude oil, Frontline and Nordic American Tankers, have landed new major agreements with bank syndicates to refinance loans with improved terms. Frontline can reduce its daily TCE break even in 2016 by USD 1,400.

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Crews from Torm and Anglo-Eastern ships to be vaccinated under new US program

Seafarers from two Torm ships will be vaccinated against Covid-19 today and tomorrow under a new US vaccination program. CEO Jacob Meldgaard, who also chairs Danish Shipping, urges other countries to follow suit. "This is really important for seafarers," he tells ShippingWatch. Anglo-Eastern has also accepted the vaccine program.

Maersk ready to accelerate its growth in logistics

After years of cautious expansion into logistics, Maersk is now ready to grow at least 10 percent a year, management said this week. In an interview with ShippingWatch, Vincent Clerc, CEO of Ocean & Logistics, lays out the thinking behind Maersk's growth strategy.

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