Oil traders made billions in 2019 as conflict shook the market

Several of the world's biggest commodity traders and fossil supermajors made record profits 2019 by playing clever hands in an unstable energy market year characterized by supply problems, Middle East conflicts, sanctions as well as maritime enterprises scurrying to prepare for the IMO2020 sulfur rules taking effect on Jan. 1.

Study: New fuels are more harmful to the Arctic

A new preliminary study links the new low-sulfur fuels, which most of the commercial fleet now sails on, to black carbon. Environmental organizations call for answers and action from the IMO and oil companies.

Shipping companies seek clarity on ESG: "How much is enough?"

Many shipping companies welcome more sustainability, but several of them experience that requirements from investors and customers in particular are unclear. "Nobody knows what it is going to cost or exactly what is it that will cost," says Ridgebury Tankers CEO.

Shipping companies pledge to work for gender equality

A new initiative from Danish Shipping aims to increase the number of women in shipping. 15 companies will on Thursday have signed a charter in which they pledge to work actively toward gender equality. The goal is to ensure that three out of four Danish shipping companies have signed the charter within the next year.

Maersk Tankers introduces worldwide paternity leave

Maersk Tankers introduced earmarked parental leave for new fathers from the turn of the year. The initiative is part of the shipping company's strategy to create a better gender balance, explains chief HR officer.

Shipowners' scrubber bet pays off in start of 2020

The price of low-sulfur fuel has increased significantly in 2020, and shipping companies with scrubbers installed are currently profiting on the price spread between high- and low-sulfur fuel oil. This is necessary in order to back the investment, says a dry bulk shipowner.

Bimco has found its new CEO

Interest group Bimco appoints new secretary general and CEO in the form of David Loosley, who is to start this summer. He will replace Angus Frew, who announced his departure last summer.

100 stakeholders must find common ground on CO2-free ships

Around 100 stakeholders now support shipping's goal to launch CO2-free vessels before 2030. In an interview with ShippingWatch, Global Maritime Forum's managing director explains how the parties will reach the target. Next step is a meeting in Copenhagen.

Headhunter seeks female candidates to no avail

It can prove very difficult finding a female candidate for a job in the shipping business, headhunter Stine Martinussen tells ShippingWatch. In Denmark, Singapore and the UK, there are very few female shipping executives.

CMA CGM incorporates LNG at the core of its fuel policy

Only few peers opt for LNG as either a transitional fuel or a fuel for the next decades. A major shipper like Ikea does not count liquefied natural gas as a fuel for the future. Still, CMA CGM maintains LNG at the core of its bunker policy. ShippingWatch has interviewed the container line.

Four people killed in pirate attack in Nigeria

A few days ago, pirates attacked a dredger off the Forcados terminal in Nigeria. Four security guards were allegedly killed during the attack, and three crew members were subsequently abducted, according to a report by a security firm.

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