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
Stolt-Nielsen reports best quarterly profit in years
Norwegian Stolt-Nielsen, which has acquired shares in competitor Odfjell, benefitted from higher volumes and spot rates in the chemical tanker market and predicts further improvement in the market. The company is, however, not quite ready for ordering newbuilds.
Skuld opens new office in Tokyo
Skuld is to open a Japanese branch located in Tokyo. To lead the division, Skuld recruits former deputy general manager from Japan P&I Club.
Production relocations from Asia may increase activities for DSV in Latin America
Logistics firm DSV’s business in Latin America may benefit from companies relocating production from Asia to, for instance, Mexico, DSV’s regional head says.
Scan Global buys freight forwarder in Hong Kong
Logistics company Scan Global Logistics has acquired Hong Kong-based freight forwarder within air and sea freight Sea-Air Logistics with subsidiary and activities in Shanghai.
Exceptions from CO2 quota system may prevent EU's climate effort, says NGO
If exceptions from the EU’s CO2 quota system for, among other industries, shipping survive in the final legislation in climate deal between EU countries’ governments, the EU bloc risks missing its 2030 climate target, warns NGO.
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