OPEC's surprising agreement took the oil market by surprise and instantly made the oil price soar 5-6 percent. The move is, as such, bad news for the tanker carriers, though the short-term consequences could be beneficial.

Hafnia Management: OPEC deal could boost product tanker 

Surprise OPEC deal sends oil price soaring 

Analysis: Low tanker rates will continue in 2017 and 2018

Iranian announcement sends oil price down

Danish Ship Finance sold

Longtime speculations concerning the sale of Danish Ship Finance ended this week as a consortium of investors announced an acquisition of the Danish shipping bank.

New owners of Danish Ship Finance expect major returns

Danish Ship Finance sold to pension and equity funds

Maersk's executive shuffle continues

Another two senior executives will leave the Maersk Group following the changes resulting from the conglomerate's new strategy and split into two business divisions.

Headhunters' favorite takes the reins at Maersk's Damco

New Damco CEO Klaus Rud Sejling. Photo: Maersk

Moody's ponders Maersk rating downgrade 

Maersk appoints new head of Damco 

Further reading:

The unmanned vessels are coming, says the Secretary General of union Danish Maritime Officers, Fritz Ganzhorn, who does not intend to obstruct this development.

Maritime officers prepare for unmanned vessels

Several IMO member states call for the organization to implement a specific roadmap for the shipping sector's contribution to the CO2 reduction efforts. With the current initiatives alone, the IMO risks not being able to settle a crucial CO2 deal before 2023, according to a proposal ShippingWatch was able to report.

IMO member states push for adoption of CO2 roadmap

Maersk Line signs CO2 deal with logistics major Agility