This week's top stories on ShippingWatch
Torm and the banks
Danish Ship Finance pulled out of Torm, and the carrier is once more forced to sell ships to Oaktree Capital. Nordea also wanted out, though the bank did not gain much:
Danish Ship Finance forces Torm to sell 13 ships
Stock exchange watching Torm closely
Nordea sold its Torm debt at a low price
NOx decision approaching
On March 31st, the IMO's Marine Environment Protection Committee will start a series of meetings lasting the full week, and one of the major hurdles will be the NOx debate, and whether the 2016 implementation date is postponed or not:
EU abandons joint stance on NOx ahead of IMO summit
Shipowners meet Russians halfway on NOx rules
Europe's biggest ports support NOx regulations from 2016
Will Russia succeed in postponing the NOx regulations?
Norden stumbled in the 4th quarter
2013 became a year for investments, not profits, as Norden CEO Carsten Mortensen said after the carrier published its annual report for 2013:
Norden suffered USD 48 million deficit
Norden to gear investments in new strategy
Further reading:
Thomas Thune Andersen new Chairman of Dong
DFDS rival lost EUR 22 million on the Channel
