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This week's top stories on ShippingWatch

Maersk Line made another move with a new billion dollar order for new ships, developments in debt-stricken Greece, a bunker acquisition and the sale of Esvagt are among this week's top stories.

Photo: Maersk Tankers

Maersk Line's billion dollar order

Maersk Line placed its third order for new ships in just six months:

Maersk Line orders new ships for USD 1.1 billion

Maersk Line: We need more versatile ships

While A.P. Moeller-Maersk's coffers are bulging:

Money at Maersk is gathering dust

Investors: Maersk faces investment crisis

The Greek tragedy

Greece is struggling to secure a debt plan for the country's economy. This will likely impact the shipping industry alongside numerous other sectors:

How the crisis could impact the Greek shipping industry

Capital control keeps Greek ships trapped in ports

Greeks hold significant portion of global container market

Greece votes no in referendum

The sale of Esvagt

The long-awaited sale of Esvagt was finally settled this week:

Equity funds acquire Esvagt for hundreds of millions 

Photo: Esvagt

Bunker Holding strikes again

Bunker Holding announced the acquisition of a US-based bunker player:

Bunker Holding acquires major US-based competitor

OW bankruptcy boosts Dan-Bunkering to record levels

 

Further reading:

Avance Gas: We are making super profits on VLGCs

"I would absolutely have done the same thing today"

World's largest car carrier vessel will strengthen competitive edge 

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SDK Freja anticipates steep earnings drop following record year

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LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

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