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

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

Maersk secures bigger share in Sverdrup field

DFDS offer on the English Channel flat-out rejected