Last week's top stories on ShippingWatch

Alfa Laval caused a stir with its acquisition of Norwegian Frank Mohn, Ultrabulk and Copenship were hit by a surprisingly weak bulk market, and Bo Cerup-Simonsen steps down from Maersk Maritime Technology.

BY KATRINE GRØNVALD RAUN

The difficult Frank Mohn acquisition

Last week supplier Alfa Laval announced its acquisition of Norwegian pump manufacturer Frank Mohn. A move that subsequently developed into a family drama:

Alfa Laval acquires Frank Mohn for USD 2.16 billion

Alfa Laval acquisition creates Norwegian family feud

Struggling container carriers

The container carriers' schedule reliability reached an all-time low:

Container carriers' reliability reaches all-time low

Maersk: Bad weather affects schedule reliability

Maersk Line and CMA CGM leave competition in their wake

Huge difference in container carriers' bunker consumption

Dry bulk ambush

Dry bulk carriers were caught off guard by absent shipments out of South America:

Platou: Poor 2014 start for Norden and Pacific Basin

Fearnley: Crisis in dry bulk

Bulk carriers: Surprisingly big drop

(Per Lange, Ultrabulk, photo: Ultrabulk)

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Photo: Peter Hove Olesen/Politiken/Ritzau Scanpix

Tanker

Maersk sells part of its business with the US government

Maersk has sold a subsidiary that provides transportation services for the US Navy. The business covers a handful of tankers.

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"As an SME – as we still like to call us today – and with the customers we are serving globally we really need to latch on and grow substantially to stay relevant to our customers," says Constantin Conrad, CEO, Leschaco Group. | Foto: Leschaco

Logistics

German logistics company wants to grow 250 percent by 2030

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Regulation

Lynn Loo urges shipping to take steps outside its comfort zone

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"The biggest challenge for the green transition in shipping is the supply of green fuel, and more initiatives like these are needed," Morten Bo Christiansen tells ShippingWatch. | Photo: Maersk Pr

Container

Maersk praises Cosco's plans to move into green methanol

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Foto: Shannon Stapleton/Reuters/Ritzau Scanpix

Tanker

Russia still relies on Europe to ship its oil despite price cap breach

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Norden's contract in Gabon runs for ten years and requires the shipping company to invest around DKK 280m. | Foto: Magnus Møller

Bulk

Norden's venture in Gabon runs smoothly one month after military coup

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IEA: Ammonia is crucial for shipping's green transition
In order for shipping to help keep the temperature rise below 1.5 degrees Celsius, ammonia should be the most widely used fuel in the industry by 2050, according to a new IEA report.
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Fredriksen company loses legal dispute with shipyard
Major South Korean shipbuilder Hanwha wins an arbitration case against John Fredriksen-controlled Northern Drilling regarding a cancelled order for two deepwater rigs.
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Norwegian carrier gets state funding for new ammonia vessels
Viridis Bulk Carriers expects to order its two ammonia vessels by the end of 2023 with support from the Norwegian state-owned investment fund Enova SF.
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German ports fear public savings
The expansion of German wind power and the import of green fuels are at risk if the state of Lower Saxony implements planned savings in the ports.
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IEA: Green fuels keep climate goals alive
The window of opportunity to keep the temperature rise below 1.5 degrees has narrowed and will require more international cooperation and ambition, according to a new report from the IEA.
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Navigare Capital cashes in from sale of several ships
The Danish investor, whose owners include Robert Mærsk Uggla, has taken advantage of high vessel prices. The timing was right, says the managing partner.
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German logistics company wants to grow 250 percent by 2030

The third generation of the family behind Leschaco wants to grow the company, and fast. Leschaco needs to grow significantly, says the CEO.

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Regulation

Lynn Loo urges shipping to take steps outside its comfort zone

The CEO of Global Centre for Maritime Decarbonisation believes the shipping industry must be ready to take a little more risk to achieve its climate goals.

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Tanker

Maersk sells part of its business with the US government

Maersk has sold a subsidiary that provides transportation services for the US Navy. The business covers a handful of tankers.

For subscribers

Container

Maersk praises Cosco's plans to move into green methanol

”More initiatives like these are needed,” says Morten Bo Christiansen from Maersk, which has 25 methanol-powered ships in the pipeline.

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The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.

Offshore

Fredriksen company loses legal dispute with shipyard

Major South Korean shipbuilder Hanwha wins an arbitration case against John Fredriksen-controlled Northern Drilling regarding a cancelled order for two deepwater rigs.

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