Torm released its 2016 annual report and CEO Jacob Meldgaard tells ShippingWatch that the carrier has not shelved the IPO plans even though the carrier suffered a big deficit of USD 142 million for the year after a large fleet impairment. But the tanker rates will need to improve and oil stockpiles go down before a listing becomes relevant, he says.
APM Terminals has launched a case against Spanish businessman and former owner of Grup Maritim TCB, Ángel Pérez Maura. The company wants compensation after becoming entangled in a corruption case in Guatemala.
Royal Arctic Line released a record financial report for the Greenland-owned carrier. Meanwhile, the carrier's CEO, Verner Hammeken, unveiled the plans for a comprehensive transition of the business.
Although the heralded recovery in dry bulk still has not arrived, there are signs that it is indeed approaching.
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