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This week's top stories on ShippingWatch

The anticipated reopening of the Iranian market, the tanker boom, the crisis in the oil industry, word from Germany's Oldendorff, and burgeoning signs of improvements in the collapsed dry bulk sector characterized the past week on ShippingWatch.
Photo: Euronav
Photo: Euronav
BY OLE ANDERSEN

The expected reopening of the Iranian market following the nuclear accord has sent carriers flocking to the Middle Eastern country.

MSC is optimistic about opportunities in Iran

Maersk eyes big potential in the Iranian market

Container shipowners rapidly resume services to Iran

 

The massive tanker boom

The strength of the tanker market rebound has surprised the international analyst corps, who became because upgrading their forecasts after interim reports from players such as Euronav, Scorpio Tankers and d'Amico.

Tanker boom is significantly stronger than expected

Photo: Richard Drew, AP
Photo: Richard Drew, AP

Euronav made more than USD 92 million in Q2

Italy's d'Amico in best half year since 2008

Scorpio Tankers made USD 96 million in first half of 2015

Photo: DHT Holdings
Photo: DHT Holdings

DHT Holdings earned USD 22.2 million in Q2

Nordic American Tankers expands fleet again

 

The low price takes its toll

The low oil price continues to draw a dark trail for employees in the offshore industry, and oil majors including Norway's Statoil both directly and indirectly point to further layoffs in statements this week.

Another day, another 10,000 oil jobs axed

Biggest increase in Norwegian unemployment in six years

Fredriksen's Archer announces more layoffs after loss

Photo: Harald Pettersen/Statoil
Photo: Harald Pettersen/Statoil

Nordea: Oil price may be headed back down below 50

Statoil looking to trim costs further

Unemployed offshore vessels piling up off Norway

 

Brighter days ahead for dry bulk?

Has the massive downturn in dry bulk come to a halt? There now seems to be, at long last, a few positive signs on the horizon, for instance visible in the rate development for the major Capesize vessels - but there is still a long way to go.

Analysts: New sentiment arriving to dry bulk

Photo: Rotterdam Havn
Photo: Rotterdam Havn

Pacific Basin lost USD 15.4 million on dry bulk

Scorpio Bulkers suffers new major deficit 

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Related articles:

  • Analysts: New sentiment arriving to dry bulk

  • Tanker boom is significantly stronger than expected

  • Photo: Århus Havn

    MSC is optimistic about opportunities in Iran

    For subscribers

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Foto: Pr / Ocean Network Express
Container

Cascading of huge vessels poses a risk to intra-Asia business

Ocean Network Express sees growth rates of up to ten percent on some intra-Asian trades, Region Head South Asia Colin de Souza, tells ShippingWatch in an interview. One thing may alter the picture.
  • MSC wins first case on congestion charge to customer
  • "I just don't understand what they will do with all the conventional ships"

For subscribers



Foto: Tomas Kristiansen
Carriers

Singapore shipowners on green transition: Business comes first

For subscribers



To identify where the biggest savings can be made, Wärtsilä can create so-called digital twins of an existing vessel. | Photo: Sune Høegh, Mediaspektrum
Suppliers

Wärtsilä sees more carriers improving efficiency instead of switching fuel

For subscribers


The US Coast Guard is now mandated to investigate possible violations on foreign-flagged vessels in US waters. | Photo: Ben Margot/AP/Ritzau Scanpix
Container

US Coast Guard strengthens measures against violations on commercial ships

For subscribers


Jesper Bo Hansen, Global Head of Partnerships and Pool Management at Maersk Tankers | Foto: Pr-foto Zeronorth
Tanker

Maersk Tankers moves into new segment with latest pool

For subscribers


MSC did not violate US law when it charged customers a congestion fee during the pandemic, according to a new ruling from the US Federal Maritime Commission (FMC). | Foto: Sina Schuldt/AP/Ritzau Scanpix
Container

MSC wins first case on congestion charge to customer

For subscribers


  • In connection with the christening of Maersk's first methanol-ready ship, the Laura Maersk, A.P. Moller Holding also established the company C2X which will contribute to producing three million tonnes of green methanol annually from 2030. | Foto: Steffen Trumpf/AP/Ritzau Scanpix

    Orders for LNG and methanol ships increased over summer

    The yards’ construction of ships that can run on alternative fuels has grown this summer, according to DNV. Furthermore, another fuel type may soon make its debut.

    For subscribers


  • On Wednesday, Typhoon Koinu has paralyzed much of Taiwan's sea, land and air traffic.

    Typhoon closes 12 shipping routes off southern Taiwan

    Local authorities expect the typhoon to hit Taiwan on Thursday, but large parts of traffic have already been shut down.

    For subscribers


  • Singapore-based X-Press Feeders already has two larger feeder vessels operating on the intra-European market. | Photo: X-press Feeders

    Small feeder ships headed for extinction in European market

    The order book for new feeder vessels, especially the smaller ones, to the European market is almost non-existent, writes Alphaliner.

    For subscribers


  • The project in Egypt is strategically located close to the Suez Canal, a crucial waterway for the international shipping industry. | Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

    Maersk's new methanol venture moves forward with project by Suez Canal

    C2X and the Egyptian government sign a framework agreement on the next steps for large-scale production of the green fuel in the country.

    For subscribers


  • ”The automotive industry has experienced significant changes and supply chain challenges in the last few years globally, and in Türkiye that ranged from microchip to RoRo capacity shortages. I’m proud that our team could implement an alternative solution,” says Rashid Abdulla, CEO of DP World Europe. | Foto: Casper Dalhoff/Ritzau Scanpix

    Three new cars stacked in one shipping container to reduce long waiting times

    The major port company DP World and a Chinese car manufacturer have found a new way to put more cars in each container. This will reduce supply chain issues.

    For subscribers


  • The cleanup of HSH Nordbank, now called Hamburg Commercial Bank, has been completed with the sale of a billion-euro portfolio of non-performing shipping loans. | Foto: Daniel Bockwoldt/AP/Ritzau Scanpix

    Liquidation company puts an end to crisis in North German shipping bank

    EUR 4.7bn in non-performing loans from the former HSH Nordbank have now been sold by a public liquidation company that has cleaned up after the North German shipping crisis.

    For subscribers


Further reading

MSC did not violate US law when it charged customers a congestion fee during the pandemic, according to a new ruling from the US Federal Maritime Commission (FMC). | Foto: Sina Schuldt/AP/Ritzau Scanpix
Container

MSC wins first case on congestion charge to customer

The ruling shows that the Swiss shipping company is not obliged to justify so-called congestion charges that it imposed on companies during the pandemic.

For subscribers



Foto: Tomas Kristiansen
Carriers

Singapore shipowners on green transition: Business comes first

Singapore Shipping Association (SSA) supports the IMO’s revised green transition requirements, but business will come first, says SSA President Caroline Yang in an interview with ShippingWatch.

For subscribers



”The automotive industry has experienced significant changes and supply chain challenges in the last few years globally, and in Türkiye that ranged from microchip to RoRo capacity shortages. I’m proud that our team could implement an alternative solution,” says Rashid Abdulla, CEO of DP World Europe. | Foto: Casper Dalhoff/Ritzau Scanpix
Carriers

Three new cars stacked in one shipping container to reduce long waiting times

The major port company DP World and a Chinese car manufacturer have found a new way to put more cars in each container. This will reduce supply chain issues.

For subscribers


The price will determine whether the sale of DB Schenker will go through, sources tell DPA. | Photo: Marvin Ibo G'ng'r/AP/Ritzau Scanpix
Logistics

Media: Sale of DB Schenker enters next phase

After a long period of scrutiny, Deutsche Bahn is ready to pursue a sale of the major freight forwarder DB Schenker, report German media.

For subscribers



Singapore-based X-Press Feeders already has two larger feeder vessels operating on the intra-European market. | Photo: X-press Feeders
Container

Small feeder ships headed for extinction in European market

The order book for new feeder vessels, especially the smaller ones, to the European market is almost non-existent, writes Alphaliner.

For subscribers



Jesper Bo Hansen, Global Head of Partnerships and Pool Management at Maersk Tankers | Foto: Pr-foto Zeronorth
Tanker

Maersk Tankers moves into new segment with latest pool

A.P. Moller Holding’s tanker shipping company opens its first tanker pool for LR1 vessels together with a partner.

For subscribers


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Latest news

  • Cascading of huge vessels poses a risk to intra-Asia business –
  • Maersk's new methanol venture moves forward with project by Suez Canal –
  • US Coast Guard strengthens measures against violations on commercial ships –
  • Maersk Tankers moves into new segment with latest pool –
  • Orders for LNG and methanol ships increased over summer –
  • Wärtsilä sees more carriers improving efficiency instead of switching fuel –
  • Typhoon closes 12 shipping routes off southern Taiwan –
  • Small feeder ships headed for extinction in European market –
  • Three new cars stacked in one shipping container to reduce long waiting times –
  • MSC wins first case on congestion charge to customer –
See all

Jobs

  • Experienced Dry Bulk Operations Manager

  • Vessel Superintendent

  • Lifting Engineer – Offshore Wind Industry

  • Head of Ship Accounting

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