ShippingWatch

Norway's oil fund expands monitoring of shipping sector

The blacklisting of several carriers is only the first step in a broader monitoring of the shipping sector by the world's biggest independent investor, the Norwegian state's oil fund. Chairman of the fund's Council on Ethics, Johan H. Andresen, talks to ShippingWatch about the plans.

Johan H. Andresen, Chairman of the fund's Council on Ethics Photo: Jan Richard Kjelstrup/AS/Creative Commons/Attribution 2.0 Generic (CC BY 2.0)/Redigeret

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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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