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Nordic banks eye weak offshore and shipping market

Shipping and offshore continue to be problematic investments for DNB and Danske Bank, both of which published their first quarter interim reports Friday.

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Maersk presents flag plan for Hamburg Süd vessels

Maersk Line now reveals to ShippingWatch its plan for how the ships from acquired Hamburg Süd will be flagged going forward. Read on to learn how the ships will be distributed between Denmark and Singapore.

Denmark criticizes South Korea's maritime state subsidies

South Korea is planning extensive state subsidies for shipbuilders and carriers, and the Danish Minister for Business describes these plans as problematic. "It tips the balance on the market. This is why we're pushing to have the OECD review state subsidies to shipbuilders," he tells ShippingWatch.

Maersk Line explores using LNG for its fleet

Even though Maersk Line has stated clearly that low-sulfur fuel is the answer to the global 2020 sulfur cap, the liner company is actively looking into LNG as a fuel alternative, COO Søren Toft tells ShippingWatch. LNG is becoming more financially attractive, he says.

Pioneer Marine aims for profit after turbulent year

Dry bulk carrier Pioneer Marine, which in September brought in former J. Lauritzen CEO as new chief executive, delivered a fourth quarter profit. The carrier is now aiming for a full-year profit in 2018, Janholt tells ShippingWatch.

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