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This week's top stories on ShippingWatch

The record low oil price hits the oil service industry hard while tanker carriers are cheering. Work to sort out the OW Bunker bankruptcy estate continues, the sulfur regulations move closer and DSV is looking at US-based giant as potential acquisition candidate.

Who benefits from the low oil price?

The falling oil price comes as good news to some and bad news to others:

Maersk Supply Service notes oil fluctuations

Oil price sends offshore shares down in Oslo

Norden: Tanker at highest level since financial crisis

Lower oil prices good news for Torm

Oil companies withdraw from the North Sea

Statoil: Johan Sverdrup unaffected by falling oil price

Oil and gas down USD 27.5 billion on Oslo Stock Exchange

The crisis in Germany

German container carrier Reederei NSB announced this week that the company will out-flag its entire fleet:

German container carrier to out-flag entire fleet

German KfW: German shipping will stay in crisis mode

The status of OW Bunker

On Friday, trustee of the bankrupt OW Bunker estate, lawyer Pernille Bigaard, took stock of the case after a week in which the fraud squad got involved:

OW Bunker trustee: Giant Singapore losses still a mystery

Hundreds of carriers trapped following OW Bunker crash 

Global trading house recruits 40 former OW employees 

Sulfur regulations move closer

What is the status in the industry with one month to go before the sulfur regulations come into force?

US working on bigger penalties for sulfur violators

31 shipowners now demand strong sulfur enforcement

This is how the EU will ensure sulfur enforcement

Southern Europe objects to EU sulfur proposal

ICS: Governments should join forces against sulfur violators

Further reading:

Monjasa and Trafigura dominate West Africa bunker market 

DSV looking to acquire US-based transport giant

Scorpio puts Dorian LPG shares up for sale 

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

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