ShippingWatch

This week's top stories on ShippingWatch

ShippingWatch this week reported how Thorco has been ordered to pay a million dollars to its manager in Singapore in an internal dispute. And several industry stakeholders reacted to last week's agreement to make seafarers key workers, while Hapag-Lloyd presented preliminary figures for the first half of the year.

Photo: PR/Thorco Projects

Thorco must pay its manager in Singapore in internal dispute

The Stadil family's shipping company Thorco has been ordered to pay its manager in Singapore a million dollars in an internal dispute concerning a sale of shares.

The court has ordered the company to pay Mikael Hansen, managing director of Thorco in Singapore, USD 1 million.

The order was issued last year but has not been reported till now.

The conflict has ties to the financial troubles at the Stadil family's shipping business, which is part of the Thornico group. After the financial crisis, the family bet big on owned ships, but it has now had to close down several companies with big losses.

Thorco ordered to pay its Singapore manager in internal dispute 

Trustee in Stadil bankruptcies disqualified – prominent lawyer takes over

 

Photo: Maersk - PR
Photo: Maersk - PR

Several ship management companies have during the week said that they do not feel a difference following last week's agreement aimed at make seafarers key workers. This would make it easier for them to cross borders and complete crew changes.

Wallem Group CEO Frank Coles does not expect that the agreement, in its current form, will bring about changes.

"Sadly, the simple answer is that no, it won’t," Coles told ShippingWatch.

Read also about Chief Steward Anders Hjarsø, who overstayed his contract by six weeks before he was able too return home in April, and about the first crew change for Maersk in Panama.

Anders Hjarsø missed a funeral when the crew on Vuoksi Mærsk got stranded 

Bimco chief disappointed by lack of support for stranded seafarers 

Ship management company calls for concrete action after agreement about stranded seafarers 

Danish Shipping calls for concrete action for stranded seafarers

 

Photo: DNV GL / Kommissionens inspektionsrapport
Photo: DNV GL / Kommissionens inspektionsrapport

Six yards fail to meet EU requirements in Alang

There is still some way to go for the Indian yards looking to be approved to scrap European ships.

This is the conclusion after a new round of visits by EU inspectors at the controversial beaching facilities in Indian coastal region Alang, where ships are sailed onto the beach and dismantled in the tidal zone.

In October 2019 and January 2020, the inspectors visited a total of six yards to check whether they meet the European requirements for scrapping end-of-life commercial vessels.

All six yards were subsequently told that they need to improve further before they can be nominated for approval.

Widow after worker in Bangladesh allowed to pursue claim 

Scrapping of container ships intensify after higher scrap prices 

Six yards in Alang have been inspected by the EU – none of them made the cut 

 

Photo: Recore
Photo: Recore

Torm's new board member is used to being the only woman in the room

For more than six months, Anette Justad served as observer before finally joining Torm's board of directors. ShippingWatch interviewed her about her unusual way into a room, where she is the only female representative.

"I'm used to there not being that many women," she says.

Torm's new board member: "I'm used to there not being that many women" 

Microsoft chief calls on shipping companies to include more women 

Dan-Bunkering wants female board member within a year 

 

Photo: PR / HHLA / DIetmar Hasenpusch
Photo: PR / HHLA / DIetmar Hasenpusch

 

Hapag-Lloyd publishes preliminary figures for first half of 2020

German container line Hapag-Lloyd published its preliminary key figures for the first six months of 2020. Even though the year has been characterized by corona restrictions, the company reports growth.

Hapag-Lloyd presents preliminary numbers for the first half of the year

 

Further reading:

Container lines preparing for meager Christmas season 

Belgian police seizes 37 kilos of cocaine on board Ultrabulk vessel

Two rig companies negotiate with lenders after missing interest payments 

Passenger business became a burden for DFDS 

Singapore's economic corona downturn is without equal 

 

English Edit: Daniel Logan Berg-Munch

 

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Trial banner

Latest news

See all jobs