This week's top stories on ShippingWatch

The biggest news this week was without doubt Donald Trump's victory in the US presidential election against Hillary Clinton, which came during a week also characterized by interim reports from tanker carriers and offshore players.

Donald Trump to succeed Barack Obama as the next President of the United States. Photo: Pablo Martinez Monsivais/AP/Polfoto

Donald Trump to become the next President of the United States

Against all media projections, Donald Trump managed to beat Hillary Clinton in the race to succeed Barack Obama as President of the United States. This could create challenges for container carriers, as the business mogul has long been advocating a more protectionist stance for the US.

This is how Trump's victory will impact shipping and oil

Maersk deemed highly exposed to Trump victory

Tanker carriers could benefit from Trump's triumph


Photo: Shell

Tanker carriers struggling with low rates

The tanker rates dropped big-time in the third quarter, and the development is reflected in the results from carriers transporting crude oil and oil products. Several carriers, however, project that the fourth quarter will bring stronger earnings.

Norden lost USD 12 million in Q3

Team Tankers slides into the red in Q3

Nordic American Tankers booked Q3 loss

Navig8 Chemical takes dive in Q3

Tanker carriers dive on uncertainty in the oil market


Photo: Norden

Norden and Celsius Shipping target dry bulk vessels

While the tanker market took a dive, both Norden and Celsius Shipping are betting big-time that the dire dry bulk market has reached rock-bottom. As such, Norden is looking to grow its chartered fleet in the segment, while Celsius Shipping has gone shopping.

Norden wants "significantly" more dry bulk vessels in its fleet

"Lately, we've been buying a bulk vessel once a week"

Frontpage right now

Maersk presents flag plan for Hamburg Süd vessels

Maersk Line now reveals to ShippingWatch its plan for how the ships from acquired Hamburg Süd will be flagged going forward. Read on to learn how the ships will be distributed between Denmark and Singapore.

Car carrier cartel met at bars to fix prices

Over six years, sales directors from the major international car carriers met often to coordinate prices and tenders from major car manufacturers. This week, the carriers received huge fines from the EU Competitions Commissioner.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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