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:
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
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
More from ShippingWatch
Hafnia could face difficulties financing major acquisition from biggest rival
Hafnia is in the process of acquiring 12 vessels from its largest rival, Scorpio Tankers, in a cash transaction estimated at USD 360m. It could prove difficult for Hafnia to finance such a large deal with the current stock prices, analyst tells ShippingWatch.
"Fossil" ships to be part of Norden's fleet for many years to come
Shipping line Norden wants all ships to be able to sail on green fuels in 2030. Until then, the company is not through with buying fossil-fueled ships, head of climate solutions tells 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.
One of China's busiest ports jammed by Covid
Bottlenecks in the US and Europe greatly impact Chinese port Shenzhen as upcoming holidays are likely to further slow shipment of goods out of China.
Prosafe reports best fleet utilization since 2015
Norwegian hotel rig provider Prosafe, which completed a large-scale restructuring in December, comes out of 2021 with the highest fleet utilization in six years.
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