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Dry bulk market hit by uncertainty after new Russia sanctions
The sanctions against Russian mining behemoth Rusal increases uncertainty in the dry bulk market, causing displacements throughout the supply chain, say stakeholders such as Norway's Torvald Klaveness.
Snabe criticized for board positions beyond Maersk
Jim Hagemann Snabe has too many activities beyond serving as chairman of A.P. Moeller-Maersk, says major Norwegian investor KLP, and the company thus refrained from voting for Snabe at the recent Maersk general assembly. Read here how other shareholders stand on the Maersk chairman's various board postings.
Surge in scrapping could boost tanker market
More tanker vessels are now being scrapped, and this increases the chances of a recovery in the strained market in 2019, projects JP Morgan.
CMA CGM buys stake in Swiss logistics major
Liner company CMA CGM has purchased a 25 stake in the Swiss logistics company CEVA, which had a revenue of USD 7 billion last year.
OW Bunker's second-in-command: Group management was against IPO
Senior management at OW Bunker was worn down after failed efforts to sell the group in 2013 and was, according to former CFO Morten Skou, against an IPO.
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