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19/06/2015at 15:03

Last week's top stories on ShippingWatch

Interim reports from Nordic Tankers, Herning Shipping, Dannebrog and Thorco, a new low in the container industry, and Paddy Rodgers of tanker carrier featured among the top stories this week on ShippingWatch.
BY OLE ANDERSEN

Challenged carriers

First quarter interim reports from several carriers this week revealed various financial challenges for the companies and their owners.

Swedish fund pumps millions into Nordic Tankers

Stena in big profit after Helsingor-Helsingborg sale

Nordana struggling with a negative bottom line

Thorco chairman Thor Stadil. Photo: Thorco

Owner lent Thorco USD 38 million

Thorco CEO: We will be more aggressive in the market

Raging price war

The price war on the main trades between Asia and Europe is raging at full strength with a seemingly endless decline in rates.

Alphaliner: Destructive container price war hits new low

Evergreen: Capacity expansion outpaces cargo growth

 

And the crisis in the oil industry continues to bring bad news

Norway has lost 22,122 oil jobs in less than a year

Statoil warns of new cost reductions

Major divestments for Wintershall in Norway

Law firm sees potential in oil bankruptcies

Photo: Richard Drew, AP
Photo: Richard Drew, AP

Euronav CEO Paddy Rodgers. Photo: Richard Drew/AP

The current tanker big-shot goes by the name of Paddy Rodgers, CEO of crude oil carrier Euronav.

Euronav CEO: Shipping enjoys the climb

Euronav finalizes acquisition of four VLCCs

 

Related articles:

  • Photo: BP

    Law firm sees potential in oil bankruptcies

  • Thorco CEO: We will be more aggressive in the market

  • Swedish fund pumps millions into Nordic Tankers

    For subscribers

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Container

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Cocaine for an estimated value of EUR 105m have been seized from a vessel that was heading for the Middle East.
  • Large cocaine volumes found aboard MSC vessel following false bomb threat
  • Media: MSC is infiltrated by drug cartel – carrier denies allegations
Foto: Höegh Autoliners
Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

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Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120
Tanker

Fredriksen now owns nearly as many Euronav shares as the Saverys family

For subscribers

”Blue Water wants to grow – but it will be with a focus on profitable growth, and we will hold on to our strong values, unique customer focus and high level of satisfaction among both customers and personnel,” states Kurt Skov, founder and departing chair at Blue Water Shipping. | Foto: Carsten Andreasen/Ritzau Scanpix
Logistics

Blue Water founder promises future "focus on profitable growth"

For subscribers

Foto: Tatiana Meel/Reuters/Ritzau Scanpix
Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

For subscribers

Further reading

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Hamburg Süd will lose its company name and gradually be integrated into the Maersk brand. A number of other subsidiaries face rebranding as well.

For subscribers

”To understand the reasoning behind our decision, it’s important to understand how our current strategy is very different compared to 2015. We now have an integrator strategy,” says Johan Sigsgaard, Chief Product Officer - Ocean at Maersk. | Foto: Maersk
Container

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk needs more independence than what participation in the 2M alliance allows for, and the carrier therefore has no intentions of forming a new major box alliance, says Ocean CPO Johan Sigsgaard.

For subscribers

Foto: Höegh Autoliners
Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

After a difficult time during the pandemic, 2022 has exceeded all expectations for car carriers, says chief exec of Höegh Autoliners. Low capacity and electric cars out of China are main factors in elevating prices.

For subscribers

Latest news

  • Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands – 07:55
  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
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  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
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