ShippingWatch

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

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.

Further reading

Related articles

Latest news

See all jobs