Court case against Danish bunker company now underway

The criminal case against a Danish bunker company charged with defrauding a Malaysian customer was kicked off on Wednesday this week at a court in Kolding, Denmark. After the first days, a tax shelter and a former employee who was once charged by the police look set to take center stage in the process.

Tax shelter at center of fraud case against Danish bunker company

IBIA Chairman calls on bunker industry to expose fraud

Key verdict in the OW Bunker aftermath

A much-awaited verdict in the legal aftermath following the collapse of OW Bunker was presented by the UK Supreme Court on Wednesday. The verdict concerns carriers' obligation to pay for bunker and could have a principal impact on similar cases going forward.

Now comes the OW verdict all carriers are waiting for

Shipowners lose OW Bunker case at UK Supreme Court

OW Bunker liquidator will now intensify debt recovery

PR photo/Hapag-Lloyd

New container alliance born

The final piece of the current container market puzzle seemed to fall into place on Friday when six carriers, headed by Hapag-Lloyd, announced the formation of a new cooperation named The Alliance. In an unexpected development, Hyundai Merchant Marine was not among the members.

Six container carriers formally announce new global alliance

Hyundai on new alliance: We want in too

Analyst: HMM unlikely to survive without The Alliance

Hapag-Lloyd back in the red after tough Q1

PR photo/J. Lauritzen

Up and down in the first quarter

2015 was a nightmare year for the dry bulk carriers, and things did not get much better in the first months of 2016, as evident from the interim report from J. Lauritzen, which had a tough first quarter.

J. Lauritzen got a bad start to 2016

Extreme start to 2016 took J. Lauritzen CEO by surprise

While J. Lauritzen's owner, Lauritzen Fonden, lost money on the dry bulk business, the fund can be pleased with its stake in DFDS as the shipping and logistics group delivered its best first quarter result ever.

DFDS headed for new record result

DFDS CEO heralds continued growth on English Channel

Things are also going well in another corner of the shipping sector. Tanker carriers Torm, Nordic Tankers and Team Tankers all turned a profit in the first three months of the year.

Torm delivered USD 31 million profit in Q1

Team Tankers notes increased fleet earnings

Nordic Tankers delivers modest profit in 2015 with fewer ships