Copenship files for bankruptcy

Dry bulk operator Copenship was forced to declare Copenship A/S and Copenship Bulkers bankrupt on Tuesday, CEO Michael Fenger confirmed to ShippingWatch. The company is now fighting hard to save the remaining parts of the business:

Copenship trying to save the rest of the company

Copenship files for bankruptcy

Platou recommends bulk investors to sell 

Consequences of the falling oil price

The annual reports from companies such as Dong Energy and Statoil reflected the falling oil price, while Group CEO Nils Smedegaard Andersen announced that Maersk Oil is prepared to invest in new fields:

Oil price sliced 4 bln USD from Statoil result in 2014

Sverdrup field not in danger of Statoil budget cuts

Dong performs massive impairments due to oil crisis

Maersk ready for new oil investments

Photo: Statoil

And Statoil also appointed a new, but familiar, CEO this week:

Statoil has appointed new CEO

The engine-feud

Authorities approved a new joint venture between Wärtsilä and a Chinese shipbuilding giant. Not a problem, said MAN Diesel & Turbo:

Alphaliner: Wärtsilä's Chinese mega-deal is a blow to MAN

MAN Diesel & Turbo: We will maintain position in China

Further reading:

OW trustees struggling with subsidiaries

EU recycling regulation will allow beaching 

Nordea and DNB maintain top ranking in marine finance

Air & Sea drove growth at DSV in 2014