This week's top stories on ShippingWatch
Fraud case in the oil industry
A Danish oil company and several senior executives, protected by a name ban, have been accused of serious fraud after a customer has reportedly discovered systematic cheating in terms of deliveries:
Secret million-dollar settlement in fraud case
Oil company in dramatic showdown in fraud case
Norden's new CEO
On Thursday dry bulk carrier D/S Norden presented its coming CEO, Jan Rindbo, brought in from Hong Kong-based Pacific Basin, and he faces quite a challenge in light of today's dry bulk market:
Norden hires new CEO from Pacific Basin
Jan Rindbo: My three key leadership skills
Norden's market value down almost USD 1 billion this year
Photo: Norden
Shipping banks in the clear
Concerns for the German shipping banks ahead of the European Central Bank's stress test proved unfounded:
World's largest shipping banks pass stress test
HSH Nordbank pumps fresh capital into shipping
Scorpio remains confident
In spite of deficits, expansive Scorpio still has complete faith in its strategy:
Scorpio Tankers lost USD 1.2 million in 3rd quarter
Scorpio Bulkers has lost USD 45 million in 2014
Robert Bugbee: We have the fleet everybody wants
Torm and the equity fund
US-based equity fund Oaktree could secure a controlling stake through a new agreement with Torm:
US-based equity fund could be new owner of Torm
Torm to regain top-ranking among global tankers
Photo: Torm
Further reading...
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