A part of Watch Media

ShippingWatchSaturday28 January 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
13/11/2015at 15:04

Last week's top stories on ShippingWatch

The past week was characterized by interim reports from Norden, Torm and Lauritzen. Maersk Oil opened its wallet and BW Pacific called off its planned Oslo IPO.
BY KATRINE GRØNVALD RAUN

Maersk and the acquisitions

The Maersk Group's coffers are flowing over, and this week Maersk Oil got a slice of the cake:

Maersk Oil buys fields for close to a billion dollars

Maersk Oil CEO: More aquisitions to follow African deal

Tanker continues to boom

The tanker market boosted Norden's results in the third quarter, where Torm and others also delivered solid results:

Norden's tanker division delivers record result

Torm considering New York IPO

d'Amico International Shipping: Three good years for product tanker

Odfjell's new gas vessels significantly delayed 

Concordia Maritime follows suit in tanker surge 

But the capital markets were too much for BW Pacific:

BW Pacific cancels Oslo IPO

Carsten Mortensen: We can grow BW Pacific on our own

Dry bulk slump continued

Not everyone had a good time, and the dry bulk carriers are paying the price for the weak market:

J. Lauritzen lost USD 16 million in the third quarter

Lauritzen CEO: Not worried about the carrier's future 

Lauritzen's bottom line overshadows its well-run gas carrier

Norden CEO sees challenges in lower bulk coverage

Photo: Star Bulk
Photo: Star Bulk

Further reading:

Hapag-Lloyd lands EUR 80.9 million operating profit

Finnlines delivered its best quarter ever

China's Cosco takes big dive in third quarter

 

Related articles:

  • Carsten Mortensen: We can grow BW Pacific on our own

    For subscribers

  • Odfjell's new gas vessels significantly delayed

    For subscribers

  • CEO Marco Fiori | Photo: d'Amico International Shipping

    d'Amico International Shipping: Three good years for product tanker

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Foto: Höegh Autoliners
Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

After a difficult time during the pandemic, 2022 has exceeded all expectations for car carriers, says chief exec of Höegh Autoliners. Low capacity and electric cars out of China are main factors in elevating prices.
  • Norwegian carrier lands another large gas deal with Germany
  • Höegh Autoliners joins climate coalition

For subscribers

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120
Tanker

Fredriksen now owns nearly as many Euronav shares as the Saverys family

For subscribers

”Blue Water wants to grow – but it will be with a focus on profitable growth, and we will hold on to our strong values, unique customer focus and high level of satisfaction among both customers and personnel,” states Kurt Skov, founder and departing chair at Blue Water Shipping. | Foto: Carsten Andreasen/Ritzau Scanpix
Logistics

Blue Water founder promises future "focus on profitable growth"

For subscribers

Foto: Tatiana Meel/Reuters/Ritzau Scanpix
Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

For subscribers

Foto: Statoil/AP/Ritzau Scanpix
Offshore

Borr Drilling raises USD 400m to pay off debt

For subscribers

Further reading

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Hamburg Süd will lose its company name and gradually be integrated into the Maersk brand. A number of other subsidiaries face rebranding as well.

For subscribers

”To understand the reasoning behind our decision, it’s important to understand how our current strategy is very different compared to 2015. We now have an integrator strategy,” says Johan Sigsgaard, Chief Product Officer - Ocean at Maersk. | Foto: Maersk
Container

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk needs more independence than what participation in the 2M alliance allows for, and the carrier therefore has no intentions of forming a new major box alliance, says Ocean CPO Johan Sigsgaard.

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120
Tanker

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Through subsidiaries, Fredriksen’s shareholding in Euronav has reached nearly 25 percent, almost matching that of the Saverys, who blocked a merger with Frontline. Interesting development, says analyst. 

For subscribers

Latest news

  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
  • Fredriksen now owns nearly as many Euronav shares as the Saverys family – 27 Jan
  • EU considers capping Russian fuel prices at USD 100 a barrel – 27 Jan
  • New partnership to investigate potential human rights abuse at sea – 27 Jan
  • Singaporean competition authorities to probe DSME sale – 27 Jan
See all

Jobs

  • Financial Controller for International Shipping Company

  • Foundation Package Manager - Offshore wind industry

  • Senior Lead, Human Sustainability at Sea

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Chartering Manager for Lauritzen Bulkers A/S

  • Junior Finance Business Partner - offshore wind industry

Jobs

  • Financial Controller for International Shipping Company

  • Foundation Package Manager - Offshore wind industry

  • Senior Lead, Human Sustainability at Sea

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Chartering Manager for Lauritzen Bulkers A/S

  • Junior Finance Business Partner - offshore wind industry

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge