Last week's top stories on ShippingWatch

Best-ever results from logistics company DSV, estimates about the future oil price, and the long road to recovery for dry bulk carriers were among this week's top stories on ShippingWatch.

DSV presented its best results ever when it published its second quarter interim report. At the same time, the company upgraded its forecast for the full year and launched a share buy-back program worth DKK 1 billion.

"Big changes are taking place right now on the sea freight market, and it's all about staying close to the development," CEO Jens Bjørn Andersen told ShippingWatch in a post-report interview.


Jefferies: DSV distancing itself from the competition

DSV prepares for higher freight rates

DSV upgrades after all-time high results


The oil price will rise ahead of 2020

The price for a barrel of North Sea crude will rise ahead of 2020, predicts oil analyst at DNB Markets, Torbjørn Kjus. The analyst has lowered his estimate but is overall more positive than other industry stakeholders.


DNB on oil price: Good times in store for 2020

Norwegian state continues to bag huge gains from oil fields

BP trumps expectations despite huge impairment in Angola

Lundin: Close to 70 percent of Johan Sverdrup will be finished this year

DNB: Sulfur requirements could force oil price further up

Norway anticipates field plans totaling NOK 125 billion


Dry bulk still far from positive

Dry bulk rates were stronger in the most recent quarter, as evident from the first interim reports, but the level is far from enough to ensure positive bottom lines at the carriers, Fearnley Securities tells ShippingWatch.

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Dry bulk has long way to go despite stronger rates

Miner Rio Tinto confirms increasing growth in China

Intermarine chief exec steps down with immediate effect

Pacific Basin to buy vessels for more than USD 100 million

Dry bulk carrier dodges Noble Group downturn


And make sure to read about how Hempel handled a bribery case and about the challenging tanker market this year for product players such as Teekay Tankers and d'Amico International Shipping:

Teekay Tankers suffers big Q2 deficit

Italian tanker carrier books deficit in tough product market

Trump's toughest critic challenges the Jones Act

Maersk Line's acquisition of Hamburg Süd lacks one crucial approval

Hutchison Ports notes slight growth in first half

Pirates kidnap five seafarers in Nigerian waters


English Edit: Gretchen Deverell Pedersen

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Yet another Maersk ship reports fire in container

Another Maersk vessel was hit by a fire in a container Thursday night. The fire is under control and all crew members are safe. At this point there are no signs that the latest fire is in any way related to the fatal Maersk Honam fire.

Two Seatrade execs convicted for scrapping four ships

In the first court case of its kind, Dutch reefer specialist Seatrade and two of its executives have been sentenced for illegally sending four vessels to be scrapped in Asia and Turkey. "It is very likely" that the company will appeal, says Seatrade.

Dan-Bunkering CEO joins parent company's executive board

After less than a year as CEO of Dan-Bunkering, Christoffer Berg Lassen is now entering the executive board of parent company Bunker Holding. Going forward, Group CEO Keld R. Demant will focus on the company's acquisition strategy, he tells ShippingWatch.

NGO: Why shipping investors need to get involved in the climate

With USD billions lent to shipping, financial institutions play a central role in the work to lower the industry's emissions of CO2. "We're in the middle of a paradigm shift," says James Mitchell, Maritime Finance Lead at the NGO Carbon War Room, in an interview with ShippingWatch.

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