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Owner weighs sale of Norwegian oil service company
Sources tell Bloomberg that a major bank has been hired to explore the possibility of selling Norwegian oil service company Aibel. According to the sources, the company has been presented to equity funds, though competitors are also said to be interested.
Analyst casts doubts on product carriers' 2020 hopes
Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.
China considers ban on open-loop scrubbers
It is far from certain that open-loop scrubbers will be approved in China once the country introduces stricter sulfur regulations from next year. Meanwhile, a large, German shipping company has just invested in open-loop scrubbers, which have faced harsh criticism in the industry.
Maersk ship arrested in Tunisia by displeased Honam customers
Displeased shippers, of which several claim to have lost money on the Maersk Honam fire, have arrested a Maersk vessel in Tunisia. Maersk Line recently changed its ownership structure in Tunisia.
Trump presses OPEC to reduce oil prices as Brent nears USD 80
The oil price retreated as US President Donald Trump again criticized OPEC in a tweet, saying that the cartel "must get prices down now!" Brent crude prices almost reached USD 80 per barrel this week.
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