Last week's top stories on ShippingWatch

The North Sea rig market has almost been cut in half, scrapping in Asia, strong interim reports from DFDS and Hafnia Tankers, the aftermath of the explosion in major Chinese container port Tianjin were just some of this week's top stories on ShippingWatch.

BY OLE ANDERSEN

As the oil price continues to slide, the crisis in the offshore industry forges ahead at an undiminished pace.

Songa Offshore eyes two tough years ahead

New report: Rig market almost cut in half in 2015

Impairment sends Farstad into deep deficit

Prosafe takes big hit from oil downturn

DFDS grows stronger

The Danish shipping and logistics group delivered yet another strong result.

All of DFDS' shipping activities improved in Q2

DFDS has plenty of cash yet no acquisition candidate

Improvements for product tanker

Danish-based product tanker carrier Hafnia Tankers also published its second quarter interim report this week, while the CEO of competitor Concordia Maritime talked about the sector's prospects going forward.

Hafnia Tankers in solid profit for first half of 2015

Concordia Maritime: Recovery will continue in 2016

Aftermath of Chinese explosion

The explosion in the Chinese port of Tianjin, which claimed more than 100 lives, will impact the shipping industry and marine insurers.

Explosion at Tianjin will delay Maersk vessels

Marine insurance: Large ships increase risk of Tianjin incidents

Norway prepared to banish beaching

As the first nation in the world, Norway wants to ensure that Norwegian vessels are not scrapped irresponsibly at beaches in Asia. Danish shipowners call for a global solution.

Norwegian shipowners banish scrapping on Alang

Danish shipowners will not banish beaching

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Regulation

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

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Peder Simonsen CFO in Golden Ocean points to congestion as a main reason as to why freight rates haven't increased yet when demand is good. | Foto: Pareto Securities

Bulk

A simple reason could explain low dry bulk rates despite good demand

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Photo: Abdel Hadi Ramahi/reuters/ritzau Scanpix

Logistics

Dubai challenges Singapore as shipping's favorite city

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Ports

Opinion: Europe's key ports have become better connected after Covid

ShippingWatch.com

Cosco to build production chain for green methanol

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Carriers

Russia’s diesel ban threatens to roil global markets – if it lasts

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TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025
There will not be enough liquefied natural gas to replace the EU’s imports of Russian LNG until 2025 or 2026, says the chief executive of Totalenergies.
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John Fredriksen has increased his wealth by NOK 81bn this year
The Norwegian-Cypriot shipping magnate is by far Norway’s richest man and has earned over NOK 200 million a day since last year.
Hapag-Lloyd rolls out Starlink internet to entire fleet
A test of Elon Musk’s satellite internet has ”revolutionized” communication for employees at sea and allows for remote maintenance of ships, according to the shipping company.
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European Energy gets new partner for methanol plant
The sale to the Japanese trading company received the stamp of approval from the EU Commission in August, and the deal has now been finalized.
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CMA CGM and Maersk will need help in new green lobbying alliance
Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.
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Habben Jansen calls on energy majors to do more for the green transition
Ships are not the problem in shipping’s green transition – the problem is rather the lack of green fuels, and the big oil companies should help out, says Hapag-Lloyd’s chief executive.
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Chief executive: Bolloré acquisition will transform Ceva's air cargo business

The price of air freight has dropped significantly, and the market will become ”complex” in the coming years, says the chief executive of Ceva Logistics.

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Logistics

Dubai challenges Singapore as shipping's favorite city

Singapore is still the favorite city of maritime executives, but high costs of living and skyrocketing rental prices make an increasing number of people look to Dubai, according to survey.

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Regulation

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

There is too much emphasis on expensive ships and new fuel when it comes to the green transition, says Norden’s Jan Rindbo.

For subscribers

John Fredriksen once again tops the list of Norway's richest men. | Foto: Ints Kalnins/Reuters/Ritzau Scanpix

People

John Fredriksen has increased his wealth by NOK 81bn this year

The Norwegian-Cypriot shipping magnate is by far Norway’s richest man and has earned over NOK 200 million a day since last year.

"In my view, the two shipowners’ sustainability pact could be the nucleus of a wider shipping industry representative body," says Philip Damas from consultancy house Drewry. | Foto: Pr / Cma Cgm

Regulation

CMA CGM and Maersk will need help in new green lobbying alliance

Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.

For subscribers

Bulk