Last week's top stories on ShippingWatch
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
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