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EU renews call on IMO to ban heavy fuel in the Arctic

The EU Parliament repeats its call to the IMO to forbid ships from sailing on heavy fuel oil in the Arctic. The reiteration is a message meant to say that the EU will take action if the IMO does not deliver, NGO tells ShippingWatch.

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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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