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EU Commission proposes bolstering coast guard with thousands of staff and billions of euros

The EU's coast guard ordinance from 2016 stands to be bolstered with billions of euros over the coming years. The proposed funding is intended for buying new ships and significantly increasing coastal patrols. Danish Shipping welcomes the proposal.

Ritzau Scanpix/AP/Domenico Occhipinti
Photo: Ritzau Scanpix/AP/Domenico Occhipinti

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Torm CEO after large deficit: Market has already turned

The recovery of a miserable product tanker market is well underway, says Executive Director Jacob Meldgaard in an interview with ShippingWatch after the company delivered yet another significant deficit in the third quarter.

Here is the roadmap for the liner companies' new global initiative

In as little as six months, two or three shared standards for container liner companies should be ready. That is the goal for the new global association between the world's largest container carriers, says André Simha, spokesman for the association and CIO at MSC, to ShippingWatch.

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