ShippingWatch

This week’s top stories on ShippingWatch

The bad timing of Hapag-Lloyd's IPO, cut backs in Royal Arctic, a new tonnage tax in Denmark, crisis in the offshore segment, and a solid financial report from DSV are just some of the most important stories on ShippingWatch this week.

Photo: Hapag-Lloyd

New times in Royal Arctic Line

Royal Arctic Line does not just have a new person at the helm, but also a brand new strategy, which could result in the laying off of more than 100 workers. ShippingWatch sat down for an interview with new CEO Verner Hammeken.

Photo: PR-foto/Royal Arctic Lines
Photo: PR-foto/Royal Arctic Lines
 

 

Royal Arctic Line to be stripped back to core business  

Royal Arctic Line forced to divest activities

 

Bad timing, Hapag-Lloyd

Timing for the IPO of major German carrier Hapag-Lloyd procved poor, to put it mildly. But it is also a symptom of the current troubles for the global container industry.

Hapag-Lloyd drops share price on IPO

Hapag-Lloyd postpones IPO to next week

Hapag-Lloyd stands by 2015 forecast ahead of IPO  

Container braces for three-year downturn 

Electrolux CEO sees 'horrendous' trend in core market  

Maersk: More Triple E ships could be anchored

 

New tonnage tax

The Danish government has finally made a move with a proposal for a new and wider-ranging tonnage tax in Denmark. But the crucial piece of the puzzle is still missing, says The Danish Shipowners' Association, i.e., expansion of the net resurrecting scheme (DIS).

New tonnage tax dissapoint Danish shipowners 

Germany will intensify state aid to carriers

 

Prolonged offshore crisis

Photo: Stig B. Fiksdal
Photo: Stig B. Fiksdal

DNB's Global Head of Shipping, Offshore and Logistics Division, Kristin H. Holth, manages loans of DKK 25 billion to shipping and offshore companies. She believes the offshore market might not see a recovery until 2018.

DNB: Offshore market might not recover until 2018 

Nordea: Offshore can go from bad to worse in 2016 

Maersk Oil reduces workforce by 10-12 percent 

Shell lost USD 7.4 billion in Q3 

Statoil's profit more than halved in Q3

 

DSV did it again

DSV raises outlook on the back of strong quarter 

Analysts: Weak markets are unlikely to affect DSV 

DSV steers clear of container storm 

DSV Chief is not worried about obstinate UTI shareholder

 

Environmental requirements part IV

Global sulfur requirements are now on the agenda 

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