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This week's top stories on ShippingWatch

Robert Maersk Uggla talked about his ambitions as CEO of Svitzer and Maersk heir, the Philippine seafarers schools were subject to strong critique by EMSA, Torm reduced its deficit, and OW Bunker announced its plan to seek an IPO.

Uggla and the inheritance

Robert Maersk Uggla talked to ShippingWatch this week about his ambitions as CEO of Maersk's emergency response and towing company Svitzer, but also about managerial skills and values:

Robert Maersk Uggla: It’s time for Svitzer to expand

Robert Maersk Uggla: Constant care is core value

Robert Maersk Uggla: What makes a successful leader

Boskalis acquires tugboat companies from Louis Dreyfus

Sharp critique of Philippine seafarers schools

The Philippine seafarers schools are riddled with defects and shortcomings, says the EMSA in a report that has not been published:

Strong critique in report on Filipino seafarers

EU countries fear closure of Philippine seafarers schools

OW Bunker headed for IPO

On Wednesday the bunker supplier officially announced that it was ready to launch a process aimed at securing an IPO at the Copenhagen Stock Exchange. Ahead of the announcement, the markets reacted very negatively to the crisis on the Crimea peninsula:

Crimea crisis could be poison to OW's IPO ambitions

OW Bunker: More than 30 percent growth in 2013

No new ships without new owners

Torm reduced its deficit in 2013, to a USD 166 million loss before taxes. 2014 will be characterized by another significant deficit:

Torm made USD 166 million deficit in 2013

Meldgaard: No new ships for Torm without new owners

Former Torm CFO got USD 1.75 million golden handshake

Further reading:

Shipowners: Maritime security as part of EU aid programs

CSAV reaches compromise in price rigging case

Panama Canal expansion postponed to 2016 

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SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

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