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This week's top stories on ShippingWatch

First annual report from stock-listed OW Bunker, new USTC strategy makes Torben Østergaard-Nielsen bring fresh faces onto the group's Board of Directors, and how strong would a potential bulk rebound be? And the Trident Alliance is underway. Here are this week's top picks.

The world's two largest bunker companies, OW Bunker and Dan-Bunkering, made headlines this past week. Ow Bunker published its first annual report after completing an IPO, and Torben Østergaard-Nielsen's USTC performed a Board of Directors reshuffle, bringing in two fresh faces.

A disappointing annual report from Blue Water Shipping also made headlines, along with the question of when the expected dry bulk rebound will appear, and - in particular - how long it will last, seeing as China's economy is developing in a less shipping-intensive direction than in the past.

 

OW Bunker starts listed life with costly launch expenses

New strategy behind USTC Board shuffle

 

A a meeting in Copenhagen, 12 carriers agreed on the basis for a new environmental collaboration, the Trident Alliance.

12 of the world's largest carriers ready with environmental alliance 

EU Commissioner supports Trident Alliance

 

Blue Water Shipping disappointed in 2013. Not satisfactory, says CEO, and the company plans to reduce investments going forward.

Blue Water's 2013 result far below budget

Blue Water Shipping: Market hit by price pressure

 

Dry bulk rebound on the way. The question is, how long will it last?

DNB: Bulk facing recovery in a few months

China's new economy could hit bulk hard from 2015-2016

 

 

German shipping is nursing its wounds following the capital meltdown.

Lloyds Funds: German ship management could be next loser 

NordLB still struggling with risky shipping loans

 

Salvage industry eyes business in the deep.

Salvage industry sees gold on the bottom of the sea 

 

Clipper Group is still weighed down by ferries, RoRo, and tanker division.

Clipper Group's Danish business still losing money 

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

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