While Norwegian offshore carriers are increasingly discussing their chances of survival, Maersk Supply Service announced a drastic cost reduction initiative which will include around 400 employees laid off and a fire sale of vessels.

Maersk Supply to scrap every sixth vessel in the fleet

Maersk Supply Service to lay off 400 people and sell 20 vessels

Maersk Supply Service CEO Jørn Madsen

This is Kristian Siem's way to solve the Norwegian offshore puzzle

Kristian Siem teams up with equity fund for offshore acquisitions

Debt-ridden Norwegian offshore carrier hopes to avoid Røkke

Bankruptcy-threatened Havila loses Brazilian contract

Farstad family lost USD 106 million last year

DFDS upgrades again

The Danish shipping group continued its winning streak with a strong half-year result and yet another upgraded full-year forecast.

Smedegaard has added USD 2 billion in value to DFDS 

DFDS CEO Niels Smedegaard

DFDS grows significantly in Q2 and upgrades guidance

Norden and J. Lauritzen hit by dry bulk

Things look different and somewhat darker for dry bulk carriers Norden and J. Lauritzen.

Norden CEO rules out chance of profit in 2016

Norden lost USD 19 million in first half of 2016

J. Lauritzen reports new deficit for first half of 2016

... while the major upturn in the tanker sector seems to have faded for now, a development which has made tanker carriers Torm and Hafnia Tankers postpone their New York IPO plans.

Weak tanker market trips up Torm's IPO plans

Tanker market puts pressure on Hafnia Tankers' earnings

Torm cuts its full-year 2016 forecast in half