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Frontline abandons corporate acquisitions and bets on own fleet

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

Photo: Frontline

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Hapag-Lloyd negotiating with staff to avoid layoffs

Hapag-Lloyd has launched a comprehensive efficiency process that could result in layoffs in the weeks to come, confirms the liner company to ShippingWatch. The company is currently negotiating with staff through its Work Council.

Lawyer warns of risk of ballast water falsification

There is a risk that some seafarers could resort to falsification of ballast water records in the US if shipowners fail to train them properly, warns a lawyer with extensive experience in environmental matter. This could result in large fines and prison sentences.

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