New ECSA chairman on speed limit for ships: "It would work wonders"

The new chairman of the European Community Shipowners' Association, Panos Laskaridis, says that a speed limit for ships could be one of several solutions for reducing shipping's greenhouse gas emissions in the short term. NGO is pleased with the statement.

Greek Panos Laskaridis is the new chair of ECSA. He is replacing Niels Smedegaard. Photo: ECSA

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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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