Last week's top stories on ShippingWatch

The Danish Maritime Accident Investigation Board's report on the shipwreck of two Maersk vessels made headlines this week, and the spotlight also fell on Klaus Kjærulff's bulk venture, Denmark's plans to expand DIS, and the significantly lower investment level among oil companies.

Shipwrecked Maersk vessels collided for 36 hours

In an extensive report on two shipwrecked Maersk vessels, the Danish Maritime Accident Investigation Board determined that a sufficient risk assessment had not been carried out by the carrier. The two ships collided with each other continuously for 36 hours before they both sank off the coast of France last December. After the release of the report, Maersk Supply Service stated that the company considered the case closed.

Maersk vessels collided for 36 hours before dramatic shipwreck

Liability for the Maersk shipwreck will now be investigated

Maersk COO after shipwreck report: "We consider the case closed"


Denmark's Minister for Industry, Brian Mikkelsen. Photo: /ritzau/Rune Aarestrup Pedersen.

Denmark wants to expand the net wage scheme

"An investment in the future," said the Danish Minister for Industry Brian Mikkelsen to ShippingWatch this week, after the government announced a proposal to expand the net wage scheme to cover offshore vessels, including wind and construction ships. Meanwhile, the registration tariff on vessels will be abolished.

Denmark wants net wage scheme to include offshore vessels


Klaus Kjærulff. PR photo

Kjærulff bets big on bulk

Torm's former CEO, Klaus Kjærulff, has founded Vincent Shipping together with the former top broker in Norwegian firm Fearnley, Jan Lund, and businessman Jan Bech Andersen. The first vessels have just been delivered.

Former Torm CEO launches ambitious bulk project

Swiss oil trader picks Jan Bech Andersen as head of shipping unit


PR photo: OW Bunker

Trouble in the OW Bunker estate

OW investors sue IPO banks for DKK 500 million

Law firm faces USD 182 million claim from OW Bunker estate


And make sure to keep up with other news on ShippingWatch:

Norwegian offshore giant eyes more activity in the fall

Sovcomflot's earnings plunged in the first half of 2017

Maersk credit rating could take another hit


English Edit: Gretchen Deverell Pedersen

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Torm to issue new shares with support from equity fund

Danish tanker carrier Torm will issue 12.5 million new Class A common shares in a product placement guaranteed by major shareholder Oaktree Capital. The company has also revealed its expectations for last year's annual report.

EU approves state aid for Croatian shipyard

EU Competitions Commissioner Margrethe Vestager has approved the state guarantee which the Croatian government will provide for a EUR 96 million loan to a yard on the verge of bankruptcy. She says the state aid complies with EU regulations.

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