This week's top stories on ShippingWatch

This week especially held stories involving the Strait of Hormuz, and most recently, the Danish government has declared its readiness to participate in a naval mission. Moreover, an investor has lost patience with a Danish shipbreaking yard, and logistics company Kuehne+Nagel said no to seafreight acquisitions.

Tanker by the Strait of Hormuz. Photo: HAMAD I MOHAMMED/REUTERS / X01444

Danish government prepared to enter Hormuz coalition

The Danish government now declares its readiness to participate in an international maritime coalition that is to secure the safe passage of vessels in the Strait of Hormuz near Iran, which has been marred by unrest.

This follows the British government recently urging several nations to cooperate on providing security for ships in the region.

"I welcome the British government's statement about an international maritime security effort in the area. The effort will have a strong European imprint. The government welcomes a possible Danish contribution to such an effort," says Foreign Minister Jeppe Kofod (Social Democratic Party).

The situation in the Strait of Hormuz impacts the world's tanker vessels and global oil transport greatly. Several tanker companies, including Danish Hafnia, Torm and Norden, have announced that they are monitoring the situation closely.

Denmark prepared to join naval mission in Strait of Hormuz

Warship escorts British vessels through Strait of Hormuz

Media: Three EU countries support UK naval mission

UK: Europe must deploy forces to protect vessels in Hormuz

Shipping companies must carefully review contracts before entering Strait of Hormuz

Stena Bulk requests visit to crew aboard seized vessel

Iran has seized vessel from Stena Bulk

Iran says it could close Strait of Hormuz, but doesn't want to


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Photo: Henning Bager / Ritzau Scanpix

Investor wants millions returned from MARS

Modern American Recycling Services (MARS) butts head with an investor, who has become so impatient with the shipbreaking yard that he has gone to court to get his money back.

Last year, US investor Tom Clarke provided nearly DKK 20 million (USD 2.98 million) that MARS used to purchase two obsolete drilling rigs. The deal was to split the profit when they had been scrapped and sold on as scrap metal.

But barely a year after the last of the two rigs arrived at the yard in Frederikshavn, Denmark, work has still not commenced.

Thus, Clarke has taken MARS to court in the US, where he demands his millions be paid back, as he holds the deadline has passed, according to a plea that ShippingWatch has read.

MARS disagrees completely with the investor's version, pointing out that the dispute will not be a hindrance to the yard's opening.

Investor wants millions back from Danish shipyard


Photo: Kuehne+Nagel

Kuehne+Nagel sees no obvious seafreight acquisitions

The main reason that Kuehne+Nagel has not yet joined competitors' acquisition hunt, is that it has not found any suitable candidates, says Detlef Trefzger, chief executive at the logistics firm, which is among the world's largest, in an interview with ShippingWatch.

"There is no reason not to do it in seafreight other than we have not found the right target yet," the logistics CEO tells ShippingWatch.

He also mentions that the company has no problems finding volume by itself, all without acquisitions.

Kuehne + Nagel still looking for acquisitions in sea freight

Kuehne+Nagel continues to lift container volumes

Kuehne+Nagel acquires Austrian transport company

DFDS to grow through acquisitions in logistics

DHL to launch more digital initiatives


Photo: PR / Maersk

Maersk Honam is resurrected under a new name

Vessel Maersk Honam once again enters the Maersk fleet.

Just over six months after the tragic fire aboard the container vessel, which cost five crew members their lives, it is just about ready to sail again.

It has also been renamed Maersk Halifax, writes analyst firm in its weekly newsletter.

Maersk Honam resurrects under a different name


Also read

OSM Maritime to double growth with private equity investors

Extra containers drive growth in the Port of Rotterdam

DFDS hopes for deal despite Boris Johnson's promise of Brexit

Hapag-Lloyd benefits from trade war

NGO: Worker dies at shipyard in Bangladesh

English Edit: Jonas Sahl Jørgensen

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