ShippingWatch

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

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 

More from ShippingWatch

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement inQ2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs