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.

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

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
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Offshore

Kristian Siem predicts boom in offshore following a decade of hurt

After a long period of dark clouds on the horizon, the upturn might last longer than one dares to hope for says the head of Siem Industries.

For subscribers

A dry cargo ship arrives in Turkey with a load of Ukrainian grain. | Foto: Umit Bektas/Reuters/Ritzau Scanpix

Bulk

UN wants broad agreement on grain corridor despite Ukraine's solo solution

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With this latest order, the French shipping company has now ordered 32 methanol ships. This is eight more than Danish competitor Maersk, which was the first carrier to go down this route. | Foto: Michael Macor/AP/Ritzau Scanpix

Container

Media: CMA CGM places new order for green ships

For subscribers

Currently, 102 ships are waiting to pass through the new and old locks in the Panama Canal, according to figures from Leth Agencies | Foto: Luis Acosta

Bulk

Panama Canal waiting times increase for ships once again

For subscribers

Dominik Schneiter is the CEO of Swiss engine supplier WinGD. | Foto: Wingd

Suppliers

WinGD gets approval for its new ammonia engine

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The price will determine whether the sale of DB Schenker will go through, sources tell DPA. | Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Sale of DB Schenker enters next phase

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Shipping companies are pressured by higher fuel prices
Falling freight rates are not the only element pushing earnings down towards breakeven for container shipping companies, according to HSBC.
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Björn Sprotte leaves V. Ships after almost three years at the helm
The British ship management company tells ShippingWatch it will soon announce a permanent replacement.
For subscribers
Norway's former prime minister praised shipping company in which husband held shares
Erna Solberg praised Wallenius Wilhelmsen in a video, well knowing that her husband owned shares for more than USD 46.000 in the car carrier.
For subscribers
Qatar Energy orders 17 new LNG carriers in billion-dollar deal
The state-owned oil and gas company has signed a deal worth almost USD 4 billion with a South Korean shipbuilder.
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MSC extends partnership with Bremerhaven terminal for at least 25 years
The Italian-Swiss container shipping major continues its joint venture with terminal operator Eurogate in Bremerhaven, Germany.
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UN warns of huge costs for shipping's green transition
UNCTAD wants shipping to go green much faster, and it will be expensive. Greenhouse gas emissions have grown 20% in the last ten years.
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Media: Sale of DB Schenker enters next phase

After a long period of scrutiny, Deutsche Bahn is ready to pursue a sale of the major freight forwarder DB Schenker, report German media.

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Carriers

Car carriers are riding high: "You can sleep very well and cash your money"

The industry is experiencing an unprecedented boom, and according to Gram Car Carrier’s CEO, Georg A. Whist, 40 more vessels could be needed just to fill the gap.

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