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.

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

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