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.
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.
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.
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.
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.
English Edit: Daniel Logan Berg-Munch