Mads Zacho is the new Chief Executive of Danish dry bulk carrier J. Lauritzen, which is hard pressed by the weak market. At the top of his agenda are renegotiations among the carrier's credit agreements, while a new culture must also be established among the company's employees, Mads Zacho told ShippingWatch.
Photo: Louise Vogdrup-Schmidt
Maersk is criticized for scrapping vessels in Bangladesh
In recent weeks, Maersk Group has been dealt harsh criticism for the conglomerate's decision to scrap vessels in Alang. This week, the debate reflourished when DanWatch revealed that Maersk pressured a German shipowner into scrapping three vessels in Bangladesh where conditions are even worse. Meanwhile, industry peer Hapag-Lloyd announced, in contrast with Maersk, that the German carrier would follow the EU rules next year. Investors want answers.
Photo: Grieg Star/Gearbulk
Prominent Bergen families found new bulk behemoth
The new bulk joint venture between Gearbulk and Grieg Star was founded by shipping families Jebsen and Grieg, which have known each other for decades and share a long history in shipping. Now, they will become a dominant player in the dry bulk segment open hatch, says Chairwoman of Grieg Star, Elisabeth Grieg, to ShippingWatch.
Jonas Bruhn is one of the talents invested in by Hempel. Photo: Hempel.
Only the biggest talents get to the top of shipping
This week, ShippingWatch took a closer look at how the shipping industry invests in the leaders of the future. Read about initiatives including the talent programs at DFDS and Hempel.
Finally, the multi-purpose sector is looking bleak as banks seem to have lost faith.