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Last week's top stories on ShippingWatch

The news rate in the shipping industry hast yet to descend to full-on summer levels. Here are some of this week's top stories.

Photo: /ritzau/Thomas Borberg

The Greek situation

Developments in Greece, and not least the uncertainties surrounding Sunday's referendum on the EU proposal, are rubbing off on the country's shipping industry:

Morgan Stanley: Greek shipping unaffected by crisis

Greek chaos causes many shipowners to consider relocation

 

The IMO elected a new Secretary General

On Tuesday this week, the IMO Council held a vote to find its new Secretary General. It became a close race between Denmark's Andreas Nordseth and South Korea's Ki-tack Lim:

South Korea wins IMO top job

Nordseth: Of course I'm disappointed

Tomorrow the IMO will elect a new Secretary General

 

CEO shuffle

Both Clipper Group and Team Tankers made changes at the chief executive level:

Chairman takes over as CEO of Clipper Group

New Clipper CEO: I am not a transitional leader

Team Tankers owners break with Jens Grønning 

Photo: Clipper

 

The bunker industry faces a new reality

The global market for bunker suppliers has changed significantly following the OW Bunker collapse:

Bunker Holding: Trust has disappeared after OW collapse

USTC group delivers record annual report

Photo: COSL
Photo: COSL

And offshore also faces a new reality:

Nordea: Hundreds of oil rigs will be retired

Norwegian shipowners: Offshore will get worse in 2016

Further reading:

Fredriksen makes his move and establishes global tanker giant

Photo: Richard Drew/AP/POLFOTO/arkiv
Photo: Richard Drew/AP/POLFOTO/arkiv

Photo: Richard Drew/AP/POLFOTO/arkiv

Maersk secures bigger share in Sverdrup field

DFDS offer on the English Channel flat-out rejected 

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

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