This week's top stories on ShippingWatch

Prices for offshore vessels at rock bottom, the view on ethics among carriers as well as investors, and a McKinsey report on the container industry's return on investments were all among this week's top stories on Shippingwatch.

Photo: PR-foto: Bourbon

Offshore ship values at rock bottom

Bourbon announced a major divestment of offshore vessels but the carrier will likely have a hard time getting large sums for the ships.

Prices on offshore vessels at rock bottom

Bourbon books huge loss on sale of 41 vessels


Governance should be a bigger focus for carriers


This is the stance of many investors. Maersk released its sustainability report later in the week, where the carrier emphasizes that it has improved conditions at the hotly discussed scrapping yards in Alang.

Maersk believes several problems in Alang are now solved

Investors urge shipping to improve its governance


McKinsey criticizes container carriers


Container carriers have disappointed shareholders. Hapag-Lloyd's CEO admits that the industry could have done better.

McKinsey: Shareholders lose big money on container carriers

Habben Jansen: Container carriers could have done better


Several carriers and others released reports this week as well

Odfjell views 2018 as turning point for chemical tanker

Hanjin Shipping's bankruptcy behind HMM's spectacular growth

Hyundai Heavy Industries books major setback in 2017

Wilhelmsen's 2017 marked by divestments and acquisitions

Avance Gas: Limited fleet growth strengthens LPG market

Eurogate and Hamburg suffer small setback in difficult container market

And make sure to read

Several European scrapping cases could break out

Swarm of new container ships makes order book soar

Is Maersk establishing a digital venture?

Debt-plagued Seadrill close to final restructuring plan

Frontpage right now

Analyst casts doubts on product carriers' 2020 hopes

Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.

K Line hedging its bets ahead of global sulfur cap

In a new report, K Line CEO Elzo Murakami points to various ways in which the Japanese shipping company plans to comply with the 2020 sulfur cap. The company was recently projected to be among the weaker players in terms of competition by that date.

China considers ban on open-loop scrubbers

It is far from certain that open-loop scrubbers will be approved in China once the country imposes stricter sulfur regulations from next year. Meanwhile, a large, German shipping company has just invested in open-loop scrubbers, which have faced harsh criticism in the industry.

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