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Last week's top stories on ShippingWatch

This week was M Week. Capital M for Maersk's decision to split its businesses in two. Get an overview of the new Maersk here, along with the details concerning the verdict in a dramatic case against a Danish bunker company and the latest Hanjin developments. Here are this week's top picks 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

Shell axes 255 jobs in Norway

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

 

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