Four vessels from Maersk Line sailed under a black-listed flag when making their final journeys on their way to be scrapped in Alang, India. The flagging-out happened after the group sold vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.
The bulk market has been recovering much faster than many analysts had predicted, and it is not just the strong Chinese appetite for iron ore and thus Capesize vessels pulling up the sector.
A new battle over climate emissions takes off for shipping
The world's nations will strive to address the question of how shipping is to reduce its CO2 emissions. A new meeting in the IMO is expected to lead to hotly charged discussions. A compromise proposed by shipowner associations will be the most likely result of the meeting.
Gorrissen Federspiel is strengthening shipping and offshore
Danish law firm Gorrissen Federspiel has strengthened its shipping and offshore department with more staff. New ownership patterns within shipping have created a new dynamic, explains Partner Peter Appel to ShippingWatch.
This week also brought a new report from analyst firm Wood Mackenzie, which suggests that the global thirst for oil will peak in 2030 at the latest and discusses tanker rates after a turbulent hurricane season.
English Edit: Lena Rutkowski
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The dry bulk market has improved, and this has prompted the order book for new ships expand and potentially strain competition in the years to come. Golden Ocean hopes that the environmental regulations hitting the sector in the years to come will result in more ships being scrapped, says the carrier in its annual report 2017.