Oil hurts

The crisis in shipping and offshore clearly marred the annual reports for 2015 published in the past week. Impairments, layoffs and idled vessels characterized the reports across the board.

Impairments pull Rickmers Maritime into the red

BW Offshore heralds additional layoffs

Deep Sea Supply forced to idle more ships

The dry bulk clouds now cast shadow on Klaveness

The battle for Havila's assets has begun

Golden Ocean exits 2015 with massive deficit

Farstad Shipping impaired for USD 150 million in 2015

Det Norske Oljeselskap impairs acquisition by USD 192 million

Race to raise many millions of dollars underway

Korean shipping group Hyundai Merchant Marine sent a remarkable letter to its business partners.

Hyundai Merchant Marine threatens partners with collapse

Few positive developments

Germany dry bulk giant Oldendorff delivered a positive result for 2015, and Baltic repair yard Fayard also achieved a solid full-year result.

Oldendorff Carriers achieved a profit in 2015

Baltic shipbuilder Fayard delivers record result for 2015

Three-year dispute settled

A protracted dispute was settled between the EU Commission and 15 container carriers under investigation for raising prices in unison.

EU settles cartel case with 15 container carriers

EU faced difficult case against container carriers

Singapore vs. Bunker fraud

The world's top bunkering hub is looking to curb bunker fraud among suppliers.

Singapore ready to fight bunker fraud

ExxonMobil: Flow meter is the black box of bunkering