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MSC will sail slower and abandon unprofitable routes

MSC is in the midst of a large-scale process aimed at ensuring increased reliability and efficiency. This includes having ships sailing slower, and the company wants 2M partner Maersk Line to join in, President and CEO Diego Aponte tells Lloyd's List.

Several initiatives will help ensure better services and reduced losses at MSC, says President and CEO Diego Aponte. Photo: MSC

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Owner weighs sale of Norwegian oil service company

Sources tell Bloomberg that a major bank has been hired to explore the possibility of selling Norwegian oil service company Aibel. According to the sources, the company has been presented to equity funds, though competitors are also said to be interested.

Analyst casts doubts on product carriers' 2020 hopes

Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.

China considers ban on open-loop scrubbers

It is far from certain that open-loop scrubbers will be approved in China once the country introduces stricter sulfur regulations from next year. Meanwhile, a large, German shipping company has just invested in open-loop scrubbers, which have faced harsh criticism in the industry.

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