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.

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

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

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

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

Pacific Basin lost USD 15.4 million on dry bulk

Scorpio Bulkers suffers new major deficit

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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.

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Carriers

Singapore shipowners on green transition: Business comes first

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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

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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

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Tanker

Maersk Tankers moves into new segment with latest pool

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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

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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.
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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.
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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.
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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.
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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.
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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.
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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.

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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.

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”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.

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