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Shipping investor to increase US exports as Trump's commerce secretary

US investor Wilbur Ross emerged with criticism of China and support for US shipping regulations when presenting his vision for his new role as the US secretary of commerce. He also looks set to drop the reins on his companies so that he can accede to public office.

Wilbur Ross, incoming Secretary of Commerce in the Trump administration during the Senate hearing in Washington. Photo: Manuel Balce Ceneta/AP Photo/Polfoto

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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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