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27/11/2015at 16:06

Last week's top stories on ShippingWatch

Consolidation in the container industry, the on-going legal battles one year after the collapse of OW Bunker and third quarter results from numerous John Fredriksen-controlled companies took center stage this week on ShippingWatch.
Photo: OW Bunker
BY KATRINE GRØNVALD RAUN

Will CMA CGM pick up NOL?

On Sunday last week, CMA CGM confirmed that the carrier was in exclusive negotiations with NOL concerning a takeover of the Singapore-based carrier:

CMA CGM confirms exclusive discussions with Neptune Orient Lines

Consolidation wave to challenge Maersk Line's key trades

French container takeover could be biggest yet

Major Chinese merger could be imminent

Photo: CMA CGM

The OW Bunker aftermath

Several hundred carriers are trapped and anxiously awaiting a decisive court ruling in the UK. Some carriers opt to pay hundreds of thousands of dollars:

Carriers' fate in OW case likely settled before Christmas

Carrier forced to pay OW bunker-bill twice

Photo: XO Shipping

Mixed news from Norwegian John Fredriksen

A long line of companies from John Fredriksen's business empire published results this week:

Seadrill impairs for USD 1.8 billion

Fredriksen's merger-ready tankers soar in Q3

Golden Ocean loses USD 40.7 million in the third quarter

Frontline and BW LPG drive shipping shares in Oslo 

Further reading:

Investors have turned their back on shipping

Halvor Sveen: New shipping bank ready in first quarter 2016

Shipping banks: J. Lauritzen will burn cash again in 2016 

Related articles:

  • Photo: Hafnia Tankers

    Product tankers set new ten-year record

    For subscribers

  • Pacific Basin projects significantly better 2015 result

    For subscribers

  • Port of Gothenburg preparing for new growth levels

    For subscribers

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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

Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

For subscribers

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

Foto: Phil Noble/Reuters/Ritzau Scanpix
Container

Maersk settles in sexual harassment case between captain and cook

U.S. Marine Management Inc., a subsidiary to Maersk Line Limited, closes legal matter regarding a sexual harassment aboard ship through an undisclosed settlement. It is the fourth harassment case in Maersk’s US branch.

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
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