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

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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.

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Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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

Tanker

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

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”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"

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Foto: Tatiana Meel/Reuters/Ritzau Scanpix

Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

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Offshore

Borr Drilling raises USD 400m to pay off debt

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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.

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”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.

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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.

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ShippingWatch

Last week's top stories on ShippingWatch

Maersk and the acquisitions

Tanker continues to boom

Dry bulk slump continued

Related articles:

Carsten Mortensen: We can grow BW Pacific on our own

Odfjell's new gas vessels significantly delayed

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

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Front page now

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

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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

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

Latest news

Jobs

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