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