Last week's top stories on ShippingWatch

The offshore crisis causes more idled vessels in Norway, unclaimed rigs at Chinese yards and criticism of politicians at the EU and IMO are just some of the topics among this week's top stories on ShippingWatch.
Photo: Øyvind Hagen - Statoil
Photo: Øyvind Hagen - Statoil

The impact of the offshore crisis is intensifying and taking a bigger and bigger toll on the market in the North Sea, and in Norway in particular, where carriers are idling offshore vessels on a large scale.

Fredriksen's Deep Sea Supply idles two offshore vessels

Farstad pulls another five ships from the market

Norwegian carrier idles two offshore vessels 

Photo: Tschudi Shipping Company
Photo: Tschudi Shipping Company

And Norwegian shipping group Tschudi is hit by a struggling mining project in northern Norway:

Tschudi sees risks from struggling mine project

Another struggle that has blown over is DFDS' acquisition of two ferries in the English Channel, a struggle that was so protracted and tough that DFDS CEO Niels Smedegaard at times considered throwing in the towel, says the chief executive in an interview with ShippingWatch.

Photo: Carsten Bundgaard
Photo: Carsten Bundgaard

DFDS CEO considered surrender in Battle on the Channel

The offshore crisis can also be felt in the east, as ShippingWatch reports from Singapore that unclaimed rigs at Chinese yards are waiting for their owners, who seem to have lost interest in the massive investments.

Singapore lawyer: Showdown underway after oil collapse

Inside Oldendorff

Speaking of Singapore, there are also companies making money there - even in the dry bulk market, which is facing its own dire struggle. And this is a carrier that perhaps does things in a more casual manner than many other players in the industry.

Oldendorff: One can still make money in a poor market

Oldendorff has no ceiling, dress code or executive offices

IMO and EU subject to criticism

The chairman of bunker industry association IBIA criticized the IMO for its failure to set quality requirements for fuel producers, while the coming chairman of the European shipowners in ECSA will combat random and ill-fitting EU legislation.

IBIA chairman in strong criticism of the IMO

IBIA Chairman Jens Maul Jørgensen

New ECSA chairman to combat ill-fitting EU legislation

"We strongly oppose moving CO2 out of the IMO" 

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