ShippingWatch

This week's top stories on ShippingWatch

Arab boycott of Qatar with the potential to create difficulties for Hapag-Lloyd, the collapse of Germany's Rickmers Group, and tanker carriers such as Torm and Hafnia in play in an expected consolidation wave, were among this week's top stories on ShippingWatch.

Just a few weeks after the merger between Hapag-Lloyd and United Arab Shipping Company (UASC), the blockade of Qatar now threatens to poison the cooperation between two of the biggest and dominant shareholders in the German carrier. The blockade has had a widespread impact on shipping.

Dubai sets out harsh sanctions for Qatar vessels

Maersk finds way around neighbors' isolation of Qatar

An overview of the Qatar crisis' impact on shipping

Qatar spat could hit Hapag-Lloyd capital expansion

A financial restructuring of Rickmers Group could mean that owner Bertram Rickmers loses his entire stake in the storied German shipping group. One of the top symbols of German shipping power is about to fall.

Bertram Rickmers could lose his entire empire

Rickmers Holding working to settle restructuring

The entire cluster of pure-play product tanker carriers, such as Torm, Hafnia Tankers, Singapore-based BW Pacific, US-based Diamond S Shipping, and Maersk Tankers, are in play in the consolidation wave that has been kicked off ahead of an anticipated and more sustainable recovery in 2018 in the product tanker market.

Torm and Hafnia are candidates in major merger wave

Equity fund Triton suffers big loss on Herning Shipping

With a deficit at Herning Shipping of more than DKK 500 million last year and a negative equity of almost the same level, the owner, equity fund Triton, is now trying to sell the carrier.

Triton suffers big loss on Herning Shipping

English Edit: Daniel Logan Berg-Munch

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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