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OMT boosts its revenue 67 percent

Odense Maritime Technology, which specializes in ship design, achieved a revenue of USD 38.2 million in the fiscal year 2014/2015. Uncertain how the sliding oil price will impact shipowners' demand for retrofit in coming years, the company's CEO tells ShippingWatch.

Photo: OMT

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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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