Last week's top stories on ShippingWatch
M Day. M for Maersk
Thursday at long last brought the new plan for Maersk from Group CEO, and now also CEO of Transport & Logistics, Søren Skou. ShippingWatch presented the outlines of the plan the day before, including which people in Søren Skou's inner circle were set to be promoted. The Maersk Group has now been split into two business divisions: Transport & Logistics and Energy. The group will bet big on the former, while the latter has been given 24 months to prove its profitability.
Maersk will be split into Transport and Energy
Søren Skou's plan for the new Maersk is ready
Maersk's new transport unit will be an investor favorite
Maersk presents new senior executive team - several execs are out
Søren Skou kicks off with aggressive Maersk Line strategy
Media: Maersk Oil looking to buy Shell's North Sea assets
Maersk Energy up in the air for two years
These are the new APM Terminals CEO's biggest challenges
Maersk Chairman casts doubts on his own future
Verdict in spectacular bunker case
Thursday also brought a verdict in a spectacular criminal case against a Danish bunker company which is under court-ordered anonymity. The district court in Kolding, Denmark found the company guilty of defrauding one its customers, Malaysian Pacific Inter-Link. One senior executive was sentenced to three years and six months in jail. However, the verdict was appealed to the Danish High Court. On Monday, ShippingWatch reported on another case against a Danish bunker company which resulted in a major claim related to failed fuel transports.
Danish bunker company found guilty of fraud
Tax shelter company and former employee brought down Danish bunker company
Endofa sentenced to pay million dollar compensation for failed oil freights
The collapse of Hanjin Shipping
The situation surrounding collapse container carrier Hanjin Shipping rages on at undiminished strength. Shippers fear similar cases going forward.
Hanjin's rescue plan "realistically impossible" and fleet still scattered
US Commerce Department urged to resolve Hanjin Shipping crisis
MSC denies blocking Hanjin Shipping emergency loan
Container carriers and their customers talk about one thing only
Hanjin collapse could hit marine premiums for 2016
Oil price is costing jobs
The low oil price is triggering layoffs across the world and has made the new oil research center at Denmark's Technical University change its focus.
Price drop forces new oil research center to change course
Farstad Shipping cuts workforce in half in Australia
Maybe more layoffs underway at Royal Arctic Line:
Royal Arctic CEO open to new layoffs to cut costs
Royal Arctic Line boosted by growing volumes to Greenland in H1
Related articles
Maersk will be split into Transport and Energy
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Royal Arctic CEO open to new layoffs to cut costs
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