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Prosafe delays hotel vessels yet again

Offshore company Prosafe has once again delayed delivery of two accommodation vessels from a Chinese yard. The rigs were ordered in 2013 by Axis Offshore, which at the time was owned by J. Lauritzen and equity fund Hitec Vision.

Photo: Prosafe

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Maersk Line installed a "sleeping partner" in Tunisia

Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.

Meldgaard: Crude tankers cannibalizing product market

The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.

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