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North Sea clean-up could cost the UK billions Maersk Oil cuts 160 jobs at Danish unit Fearnley steps up the dry bulk recovery Pacific Basin CFO will step down in 2017 Drewry: Alliances' new timetables spell good news for major ports Transocean acquitted in protracted case about dividend taxes IMO criticizes EU for undermining CO2 policy New fatal accident hits shipbreaking facility in Pakistan Kuwait oil minister confident OPEC output deal will last Seago Line in executive board reshuffle New CEO announces large-scale redundancies at J. Lauritzen Kuwait Oil Tanker Co said to weigh USD 3.3 billion fundraising Stena AB repays huge bond loans Maersk Line expands with reefer port in Iran Drewry fails tanker shares for the next two years Offshore carrier DOF gets fresh capital from bondholders Seafarers herald strike against Eimskip Hyundai Merchant to hire 220 Hanjin employees New Asian container merger could be in the making OECD: Port of Gothenburg in need of investments Wood Mackenzie: Twice as many new oil projects this year Seafarers call off strike against Eimskip SM Line to start up with 12 container vessels German North Sea shipyards form new alliance Shanghai still world's busiest port Oil drillers are expanding again after losing half-million jobs Suppliers suffer new defeat in US OW Bunker case HMM targets more terminals in Asia NGOs: IMO criticism of EU shipping emissions plan is "unfortunate"Sovcomflot completes rare Arctic voyage Golden Ocean expects slight improvement in bulk sector Statoil hopes to repeat Sverdrup discovery Aker Solutions must fire hundreds of employees China's major railway project will benefit bulk Esvagt believes in significant market share in offshore wind Costs of Norwegian oil production halved Panama Canal contractors are demanding more money Hundreds of directors form the future of Maersk Test your ShippingIQ South Korean yards will fire at least 4000 this year Analyst: CMA CGM is obvious buyer for Hong Kong carrier SM Shipping buys Hanjin terminals as well EU to IMO: More action, fewer letters Minister demands Danish report on Maersk shipwreck Danish carrier paid twice for the same fuel in costly OW case Last week's top stories on ShippingWatch Analyst firm calls off dry bulk boom in 2017 Boskalis awarded large port contract in Oman Farstad fails to pay off bond loan in time SM Shipping is short thousands of containers Orskov Yard's bottom line at five-year low Aker BP launches comprehensive new strategy A third of Panamax vessels over 15 years were scrapped in 2016 Siemens and Chevron sign deals with Norwegian carrier Media: Ross must sell out to become Trump's secretary of commerce IMF expects weak global growth for two years Former Eitzen CEO buys Danish shipping company Daewoo CEO questioned over attempts to cover up losses Songa loses exit tax case related to Cyprus move Major oil companies have lost interest in Norway Gdansk container port had a record 2016 Thorco Projects and MC-Schiffahrt in new pool collaboration Wärtsilä to bet on engine sales for Chinese vessels Statoil gets approval for large-scale North Sea development DOF takes over terminated Subsea 7 contract in Brazil The Maersk family investment company takes shape Aker said to weigh sale of Norwegian offshore-engineering firm Hapag-Lloyd executes its UASC redundancy plan Dutch shipbuilder raided by tax authority Icelandic seafarers: Eimskip deal secures jobs in Iceland Søren Skou: IPOs most likely solution for Maersk Energy Höegh LNG signs large orders with South Korean shipbuilders Liquid oil and gas discoveries at lowest level since the 1940s COA kicks off 2017 with new chairmanship New oil licenses suggest mild interest in the Barents Sea Growing speculation about new billion-dollar acquisition of container carrier ESPO: Ports will fight for funding this year Thorco Bulk expands with more recruitments Media: Cosco preparing offer on OOCL Hyundai Merchant to buy a stake in Hanjin's terminals after all Hong Kong exits worst container year since 2002 German shipowners concerned about Hamburg Süd sale Staff shrank by 2,550 employees over three years at DNV GL Shipping investor to increase US exports as Trump's commerce secretary Drewry: Maersk Line and OOCL will pull ahead in 2017 Lundin Petroleum announces 2017 budget and updated reserves Siem cancels contract with Remontowa Scorpio Tankers is granted loan for eight vessels Tung family denies impending OOCL sale Dong report confirms oil and gas is on the way out 48,300 Norwegian oil jobs have vanished China's economy growing faster than expected Test your ShippingIQ Bank sees two outcomes for dry bulk i 2017 – both end well Only one carrier has applied for Swedish tonnage tax scheme EU Commission criticizes IMO inertia Crucial reports on the way from Euronav and Torm Insurance problem for carriers in Iran has been solved Statoil: Two accidents could have seen fatal outcomes Media: RBS has divested shipping loans Eimskip: We are closing deal for two container vessels Daewoo to implement expensive cost reduction measures Thorco chairman: German banks are monopolizing the market Countdown to the alliances' battle for Asia-Europe ECSA sees one upside to the EU's scrapping regulations Citigroup kicks off sale of HSH Nordbank Oil output is diving – but what about the US?Svitzer increases activities in Brazil Drewry: Maersk Line beats the field on new vessels in 2017 Yang Ming to draw on huge state rescue package Havila Shipping bags three-year contract Cosco has scrapped eight container ships OSG and former CFO charged in tax case Japanese financial firm to increase shipping loans in Europe Fewer companies hunting for Norwegian oil Junk rally feeds issuance revival among shipping firms in Norway Eimskip buys Belgian reefer logistics company J. Lauritzen loses bunker deal with Hafnia Media: Statoil halved maintenance budget at problematic refinery BHP Billiton increased its iron ore output in H1 Fred. Olsen and Teekay form new partnership for wind vessels Color Line and Ulstein sign deal for world's largest hybrid ferry Korean government to buy and lease back HMM vessels Iranian oil headed to Rotterdam for the first time in five years Alphaliner: Mega-vessels will overwhelm container market in 2017 Chinese yards team up in big Shanghai venture Eimskip and Royal Arctic Line order three new container vessels JP Morgan: Small bright spots for LNG shipping Tanker CEOs look with pessimism at 2017 Euronav's profits deteriorated significantly in 2016 Cosco Shipping projects USD 1.5 billion loss Samsung Heavy Industries reduces its deficit The scope of lending to shipping sets new low in 2016 China invests big-time in new Angolan port Hamburg Süd sale is "very sad" for German shipping Nordea makes impairments on shipping and offshore Evergas forms new gas pool with Greece's Eletson Struggling Rickmers Maritime sells off more assets 265 new ships represent the real challenge facing the tanker industry Keppel shuts down three yards in Singapore Boost in volumes at Copenhagen Malmö Port Oldendorff Carriers opens Copenhagen office Wärtsilä expects weak sales to shipping this year Container downturn impacts OMT Statoil hires offshore ships in one big swoop Test your ShippingIQ Banks extend deadline for Germany's Marenave Last week's top stories on ShippingWatch Media: HSH drops efforts to sell shipping loans John Fredriksen to create new Norwegian tanker behemoth Singapore and Danish flags benefit from new Maersk fleet J. Lauritzen's Norwegian loan now significantly more expensive Oil price drags Chevron into deficit in 2016 Class NK has approved more Alang shipbreakers Low oil activity drags down Norwegian production This carrier has taken over the most Hanjin vessels Bimco: Container fleet set to grow over the next two years Analysts: Surprising move if DHT accepts Fredriksen's offer Dorian LPG's bottom line hit hard by final months of 2016 All Rolls-Royce Marine employees in Norway offered severance packages Shell divests North Sea assets for USD 3.8 billion Alfa Laval's top and bottom lines decreased in 2016 Japanese container carriers hit with deficits in 2016 Seadrill working actively on contingency plans for the company Impairments made DHT Holdings' profit dive in 2016 Stolt-Nielsen: Growing fleet strains chemical tanker segment Aker Solutions and Kvaerner win huge contract on Johan Sverdrup South Korean yards could lose 27,000 jobs in H1 Trump appoints new FMC chairman Fourth quarter boosts Concordia's 2016 result DFDS accused of wage dumping in Scotland Fredriksen takes aim at former Seadrill management Alphaliner: Better Panamax market requires exit of 100 vessels Maersk Energy considering sale of Brazilian activities Investigation launched into sunken Maersk vessels EU Parliament pushing for ban on heavy fuel in the Arctic Hansa Heavy Lift appoints new managing directors German shipowners are frequent scrapyard users OOCL has benefited from Hanjin Shipping's collapse German union demands job guarantee from Maersk Line Seafarers could be hit by Trump's US entry ban Dong roars ahead after IPO Media: Seadrill's debt has reached USD 14 billion Drewry: Chemical tankers facing two tough years Fight for billion-dollar ballast water market is underway Shell profit falls short as rising crude costs sap refining Alphabulk: Credit rating is like financial archeology Stolt-Nielsen weighs spin-off of chemical tanker business Conflict triggers "major disruptions" in Port of Gothenburg Danske Bank and DNB hit by oil slump in 2016 Jefferies: Maersk Line once again on track for profit Hanjin Shipping will be declared bankrupt on Feb 17 IMO Secretary General maintains EU criticism in CO2 dispute JP Morgan believes in improved shipping markets after 2018 Germany's MPC Capital reduces shipping exposure significantly Test your ShippingIQ Consultants: Downturn could halt ballast water market Pakistan introduces ban against scrapping tankers Media: Robert Uggla establishes his own company Deep Sea Supply bags contract extensions John Fredriksen is racing against time to save his empire This week's top stories on ShippingWatch DHT rejects offer from Fredriksen's Frontline Norwegian shipping magnates behind new offshore giant Taiwanese carrier beats Maersk in reliability Maersk Line fined by Russia for alleged price fixing Media: Shell pulls out of the Danish North Sea Maersk Line and Hamburg Süd enter slot purchase deal John Fredriksen: Retirement is not an option right now Company man says 'we can work it out' as Statoil cuts back Pension funds enter shipping investment Scorpio Bulkers ended 2016 with a loss of USD 125 million DFDS improves 2016 result by 48 percent Result and revenue declined at Nordic American Tankers Hyundai Merchant attempts recovery after Hanjin collapse Huge impairments hit Statoil with deficit DP World boosts cargo volumes despite "challenging" market BP just one million away from billion-dollar deficit DFDS chief exec eyes the beginning of a European recovery Oil from Johan Sverdrup now even cheaper Bergen Group secures profit through discontinued activities Fredriksen-Røkke is Norway's new powerhouse offshore team Ardmore Shipping takes big hit in 2016 Fire on Thorco vessel off the coast of Canada Maersk Line expects major improvement in 2017 Maersk chairman Rasmussen steps down Dryships looking ahead after loan from Greek owner Media: Bank puts ten Hanjin vessels up for sale Höegh LNG is partner in a huge Pakistani gas project Søren Skou calls off price war in the container industry Rio Tinto eyes a light at the end of the tunnel Here is an overview of the Maersk annual report Maersk picks "Mr. Digitalization" as new Chairman Yang Ming gets fresh capital from the state The Saadé family appoints successor in CMA CGM Søren Skou looking for gains from the Hamburg Süd fleet Hyundai Merchant reduces deficit with asset sales SBM Offshore cautiously optimistic in challenging market Bourbon has now stacked more than 100 offshore vessels Upcoming Maersk-chairman: It is a matter of shaping the direction Korea Development Bank CEO cuts off tax money for Daewoo Epic Gas books new deficit in fourth quarter Maersk Line postpones delivery of nine vessels Aker Solutions still struggling with lousy market Prosafe appoints new CEO Maersk Tankers expects tough market in 2017 Port of Hamburg gets approval for controversial expansion Hyundai Merchant gets improved credit rating Zeaborn takes over Rickmers-Linie and NPC Projects DSV projects continued strong growth in 2017 Shipping crisis weighs down Commerzbank again Rotterdam handled slightly more containers in 2016 Test your ShippingIQ DSV will stick with acquisition strategy following US takeover Oldendorff sets new bunker purchase record Optimistic Drewry: Things about to turn around for dry bulk German association acquits shipowners on scrapping Last week's top stories on ShippingWatch 2M alliance upgrades its East-West network "We picked HMM up from the bus stop where the carrier had been left"Rates tumbling for the largest dry bulk vessels Oil companies lose steam in their search for oil and gas Farstad bags fresh equity from share issue IMO will for the first time work from an exact strategy Rolls-Royce looking to launch unmanned vessels in 2020 Scorpio Tankers hit with full-year deficit for 2016 Rolls-Royce Marine will cut staff by 200 employees in Norway SeaIntel: Effects from Panama Canal expansion not visible on US East Coast Tanker carriers await the effect of OPEC oil deal Debt strains South Korea's Daewoo Shipbuilding Navig8 believes in recovery despite red bottom line in 2016 Viking Supply Ships lost USD 45 million in 2016 APM Terminals calls on Swedish government to intervene in conflict Marine unit drags Rolls-Royce into the red for 2016 South Korea supports Hyundai Merchant with more than USD 600 million Oil company Lundin will split in two Analysts eye two bright spots for heavy lift vessels DNV GL's operating result more than halved Avance Gas will stay in its own lane APM Terminals acquitted in Indian competition case Shipbuilder Daewoo weighs options ahead of April debt deadline Klaveness' deficit grew in 2016 Yard group Kvaerner more optimistic about market prospects Deutsche Bank sees increasing MR-rates Inside the shipping community’s most discreet company Diana Shipping doubles loss with container venture EU votes to include shipping in CO2 quota scheme MSI: Dry bulk earnings out of carriers' hands in H1 Alphaliner: Scrapping to secure container carriers in 2017 CMA CGM extends vessel sharing agreement with Seago ICS calls on EU nations to reject quota scheme This is how APM Terminals and Maersk Line will join forces Minority shareholders' case against OW could drag on for years Odfjell delivers significantly improved full-year result Big impairments put immense pressure on Akastor in 2016 CMA CGM signs cooperation deal with Alibaba Few newbuildings triggered maritime downturn at DNV GL Rickmers Maritime in new plea for support from bondholders Hyundai Merchant buys two of Hanjin's Asian terminals Hanjin Shipping finally declared bankrupt Test your ShippingIQ Iraq increases oil export in February Shipping investors will fill the gap left by the banks DOF takes big loss in Q4 Rickmers Maritime's fleet drops below scrap value Damen: Offshore crisis now hitting the yards Drewry: Oversupply of vessels will keep LPG rates in check Maersk Supply Service dismisses oil spill related to sinking Last week's top stories on ShippingWatch Damco CEO: Time to invest again Boskalis books massive impairment on offshore vessels Iraq to reestablish a large tanker fleet Vale produced record volumes of iron ore in 2016 Pirates kidnap crew and shoot seafarer to death Maersk reportedly close to Iraqi oil field deal Container carriers' search for digital solutions now underway Drewry: Things looking better on routes from Asia to South America Klaveness on bulk in 2017: Slightly better but not good Shipowners and ports in direct disagreement on EU's CO2 plan Eimskip's acquisition of Nor Lines blocked China fines 14 carriers for illegal price practice APM Terminals' delayed TCB port set to open Nakilat suffers marginal setback in tough market New victim in the oil crisis strains Singapore's maritime sector BHP Billiton surpassed expectations EU will decide on Maersk's Hamburg Süd acquisition in March Container vessel scrapping set record in January Evergreen chairman says rate war is over SeaIntel expects big rate increases for shippers Marenave settles deal with new investors Media: Rumors of oil merger between Maersk and Dong resurface Dryships enters tanker market Maersk Oil: "USD 50 per barrel is the new normal for oil markets"Alphaliner: Creditors will lose billions on Hanjin's bankruptcy Struggling Seadrill postpones annual report Stena Bulk: At least two tough years ahead for tanker Fortescue believes in Chinese iron ore imports SeaIntelligence founder: This is the container industry in 2025 Rotterdam will maintain its position as Europe's key port APM Terminals triples investment in Port Elizabeth Hyundai Heavy's employees will strike from Thursday Offshore crisis forces Damen to staff reductions Star Bulk reduced its deficit in 2016 Container shipowners warn of new unrest from US union Fewer floating oil storages could strain tanker market Desire to invest rising again in Norwegian offshore Gothenburg port conflict has reached impasse Port of Hamburg delivered slight growth in 2016 Norwegian seafarers protest proposal for new ship register Siem Offshore anticipates overcapacity for many more years Eimskip ready for more acquisitions after record year J. Lauritzen suffers new full-year deficit in 2016 Finnlines delivers record result for 2016 DNB: Bigger companies and lower prices are the way forward for offshore Test your ShippingIQ Teekay Tankers saw its profit dwindle in 2016 Songa Offshore expects historic low in 2017 Bondholders could knock down J. Lauritzen's bank deal Transocean benefits from canceled contract for drilling vessel Last week's top stories on ShippingWatch CEO: Dong is not yet where it needs to be BW LPG's profit takes big dive in 2016 APM Terminals executive team preparing new strategy Dutch shipowners want state aid for environmental regulations Rieber's fleet activity tumbles big-time Hyundai Heavy's shareholders approve split Odfjell takes over two chemical tanker vessels Western Bulk aims to raise millions on the stock exchange This is the role shipping plays in the EU Farstad secures more contracts for laid-up vessels Seadrill fighting the clock to avoid receivership South Korea will lease ships to HMM at "reasonable price"Hapag-Lloyd's operating profit down in 2016 Golden Ocean in strong finish to 2016 Farstad makes massive impairments Frontline puzzled by rejection from DHT Pacific Basin tripled its deficit in 2016 Stena RoRo: Pointless to invest in ballast water now BW Offshore helped by insurance money during rough year Shipowners warn that EU's maritime industry is under pressure Maersk Line takes baby steps into Iran Norden lost USD 35 million in 2016 Danish Ship Finance made large impairments in 2016 Seaspan hit with massive deficit in 2016 Team Tankers hit by lower rates in 2016 Eagle Bulk buys Ultramax vessels from Norwegian carrier Havila Shipping settles restructuring plan Media: Maersk lands North Sea deal with Danish government Norden CEO believes in bulk – but tanker will be a challenge Heavily indebted Emas-AMC files for liquidation in Norway Rolls-Royce: This is where unmanned vessels will operate Maersk Line has contingency plan for Spanish strikes Bulc will consider efforts to curb overcapacity DSME bags first order of the year BP projects strong LNG growth over the next 20 years Subsea 7 expects gradual improvements in oil and gas Drewry: Container carriers unable to control port choices Understand the gridlocked conflict in the Port of Gothenburg ECSA chairman lashes out at the European Parliament Concordia Maritime: Tanker will exit the downturn soon Italian tanker carrier books full-year deficit for 2016 Bondholders want to block J. Lauritzen's bank package Zim suffers big full-year deficit for 2016 Test your ShippingIQ New dry bulk behemoth cleared by US regulators New ExxonMobil CEO will expand and make a green mark Maersk trims its board following Pram's departure This is how Maersk Line will digitize its fleet Shippers not happy with all-time low rates Last week's top stories on ShippingWatch This is why bondholders are angry with J. Lauritzen Spanish port strikes provisionally called off Shipping and offshore slap DVB with huge deficit Multipurpose operators to expand fleet in new joint venture Norway's top offshore carriers have cut a fourth of the workforce Maersk Line and IBM form new digital partnership China sets lowest growth target since 1990 SM Line wants to operate 25 routes in five years Cosco closes three offshore yards Rickmers Holding taken down a notch by ratings bureau Hyundai Merchant sells ten container vessels to the state Royal Arctic Line delivers record result for 2016 IEA anticipates increased oil consumption and longer voyages Former J. Lauritzen CFO joins Prosafe board APM Terminals sues former owner of TCB Korea Development Bank lost USD 4.8 bln on South Korea crisis ExxonMobil maintains massive investments in the US Gas carrier Solvang could get new owners Wärtsilä forms joint venture with China's biggest shipbuilder The biggest multipurpose operators have grown by 10 percent Hanjin closes down completely in Singapore - last ship is sold Ramboll exits 2016 with record result Bourbon settles major debt reorganization Port strikes could go global on Friday HSH Nordbank has scaled down container exposure Seaspan to sell shares for USD 1 billion Potential Dong buyer from Scotland has an appetite for acquisitions SeaIntel: Container alliances mean fewer port pairs Boskalis CEO: 2016 was an extreme transition period Record number of offshore vessels set for delivery this year Large oil stockpiles trigger big slide in oil price Major impairment hits Torm with USD 142 million loss in 2016 The Alliance will safeguard customers against Hanjin situation Wrist Ship Supply under pressure on the bottom line Media: Maersk pulled out of the Tyra meeting at the last minute Shipowners: Huge potential in artificial North Sea island Noble Chartering secures new revenue from Europe Former executive in BP Singapore charged with corruption Tanker rates need to improve before Torm launches IPO Dry bulk carriers detect increasing interest in Asia Global port strikes postponed to March 23 Royal Arctic Line vessels to be flagged in Greenland Two German shipowners in new large-scale merger APM Terminals boosts investment in Gothenburg Test your ShippingIQ Drewry: Rates surge from North Europe to China Kongsberg: These are the top four trends in digital shipping Former Maersk executive joins V. Group board of directors The dry bulk carriers lost billions again in 2016 Growth in new bulk vessels during 2017 is dangerously high Last week's top stories on ShippingWatch CMA CGM landed a USD 452 million deficit in 2016 Stena Bulk takes full control of Stena Weco Rickmers Maritime working on new restructuring proposal Shipowner Wedellsborg scaling down shipping exposure big-time Seadrill bags large cash payment after settling rig dispute Struggling Island Offshore suffered major setback in 2016 Klaveness: Three challenges in dry bulk growth Subsea 7 takes full charge of Cypriot heavy lift company Clarksons: Robust earnings in challenging shipping markets Intelligence agency warns of maritime cyber threats New claim filed against struggling Singapore-based Ezra J. Lauritzen improves offer to bondholders Unifeeder has three growth targets for the future Offshore carriers set timetable for planned merger Giant sails to help Maersk Tankers vessel save fuel Spliethoff orders six new MPP vessels Norwegian bondholder rejects new Lauritzen offer Somali pirates hijack first ship in five years Media: Halliburton makes calculations on Røkke company Inttra expands in the field of empty containers Dry bulk exec at Norden steps down Wrist Ship Supply will increase earnings significantly HSH Nordbank in balancing act following Hamburg Süd sale Fredriksen's dry bulk carrier in large vessel shopping spree Maersk and Oetker finalize Hamburg Süd deal Mitsubishi Heavy considers spinning off shipbuilding operations OPEC members fulfilled 91 pct of the deal in February Alphaliner: Maersk Line and MSC in massive capacity buildup Russia to privatize Sovcomflot New hijacking could change the situation off the coast of Somalia Søren Skou hires staff for new CEO Office Nordic Tankers and V.Group form new company China, Saudis to Discuss CIC, CNPC Investment in Aramco IPO Unifeeder hit by dominance of German banks Euronav: Environmental regulations will remove tankers from the fleet Alphaliner: Soaring activity for medium-size container ships Carriers sleep better after Singapore introduced mass flow meters Bourbon Offshore failed to meet own expectations for 2016 Dry bulk shares have shot up in the first months of 2017 Hyundai Heavy projects big growth in sales by 2021 Semco Maritime signs "historic" deal with Maersk Petrobras restarts asset divestments Pirates in Somalia release tanker and crew Spanish port workers call off strike The shipping sector mainly appoints execs from within Ship hijacking shows Somali piracy risk still high, UN says Hafnia Tankers made a profit in challenging market Media: DSME could get more state aid Western Bulk Chartering: We are up and flying again Global Ports under severe pressure in 2016 Shippers voice harsh criticism of container alliances Hapag-Lloyd and UASC push merger to late May Last week's top stories on ShippingWatch Billionaire Fredriksen builds new rig unit amid Seadrill woes DP World eyes challenging 2017 Maersk Line: Anti-corruption effort working Pacific Basin CEO hopes for higher bunker prices Norway's Borr Drilling in giant order for 15 rigs Default fears resurface over Singapore's looming debt wall Analysis: Considerable savings in having fewer container hubs Product tanker soars on big slide in US gasoline reserves BBC Chartering: Project cargo in Asia sliding big-time Report: These are the challenges of unmanned vessels US Navy orders MAN engines for 17 vessels Danish pension funds invest USD 300 million in shipping Maersk Oil and partners move forward with Sverdrup Ocean7 Projects set to merge with Ikonship Greenland considers creation of maritime authority Subsea 7 bags huge installation contract from BP HSH sets deadline for Rickmers Maritime Sovcomflot saw profits slide in 2016 Norwegian carriers suffer huge slide in revenue in 2016 Pension fund: New maritime venture just the first of several CMA CGM appoints new Chief Operating Officer Media: Maersk Oil poised for Iran deal Clarksons Platou more optimistic about dry bulk Marshall Islands now the world's second-largest ship register Maersk Line and several container peers subpoenaed in the US Investment bank: Hafnia Tankers equipped for acquisitions Major Asian port hub sees volumes slip big-time Hutchison Port Holdings notes dwindling revenue Maersk Line and Hamburg Süd make merger concessions to EU Wintershall projects significantly improved result this year New Danish North Sea deal settled Daewoo Shipbuilding to receive second lifeline from creditors Clarksons Platou sees significant upside in Hapag-Lloyd Drewry: Sentiment driving dry bulk recovery DHT Holdings buys 11 VLCCs from BW Group Western Bulk-owner Kistefos pays dividends despite huge deficit Norway's Belships reduced its deficit Statoil wins 13 licenses in US waters Analysts praise DHT Holdings for "splendid transaction"Maersk Oil: North Sea deal supports our growth Svitzer's growth in Asia lower than expected Ultrabulk delivers yet another profit for 2016 Media: Daewoo employees prepared to take pay cut Wilbur Ross' ownership of Diamond S under scrutiny Ambitious new rig player Borr Drilling hiring executives Hedge fund run by former 'Big Wolf' trader delivers 46 pct return Arkon Shipping bags capital from new major shareholder Norwegian offshore carriers finalize merger deal Last week's top stories on ShippingWatch Somali pirates hijack vessel Hapag-Lloyd: 2016 was "not satisfactory"Media: Dong and Siemens close to sale of A2Sea Stena RoRo puts its buying and selling on hold SeaIntel: Keep an eye on rates in April Report: Norway should sell its oil shares DVB: Shipyards deflating the shipping economy Oil producers consider output cut extension as support grows Greece has received three bids on Port of Thessaloniki Media: Deloitte to receive penalty for role in South Korean yard scandal J. Lauritzen drops meeting with bondholders OW Bunker's former CEO has passed away Hapag-Lloyd: Aggressive Maersk Line conquered market shares Hafnia Tankers orders two newbuilds from China Topaz hit by vessel impairments in 2016 Schlumberger buys stake in Norway's Borr Drilling Lauritzen's head of dry cargo steps down HMM: Not difficult to become world's 5th-largest container carrier Fredriksen offloads DHT shares following failed offer Eagle Bulk confirms acquisition of nine dry bulkers Chairman: Maersk has developed 15 digital prototypes Media: Doubts about Qatar's commitment to Hapag-Lloyd merger First 20,000 teu container ship hits the water Ultrabulk CEO: Dangerous imbalance in dry bulk Ocean Rig files for Chapter 15 in the US Genco Shipping hires Clipper Bulk exec Daewoo chairman asks workers to take pay cut Shippers want the EU to look into liner rules Lightship Chartering bets on London with new office Maersk launches option program Siem Offshore to extend large loan Yang Ming books huge loss in 2016 Aker Solutions buys Norwegian oil service company CEO Habben Jansen will now pay back Hapag-Lloyd's owners Weco Roro cancels historic Atlantic service Norden makes big savings on fuel Italian shipbuilder Fincantieri back in black for 2016 Small bulk ships have grown significantly HSH Nordbank hit by new loan loss provisions for billions Dry bulk rates surpass last year's peak Sunken Maersk Supply Service vessels contain tons of oil Cosco booked huge loss in 2016 Exmar expects challenging gas market in 2017 Eagle Bulk goes red with major impairment J. Lauritzen loses yet another dry cargo executive Container industry suffers record deficit in 2016 Welltec eyes still-challenging market in 2017 Aker CEO ready for large-scale acquisitions MOL impairs ship assets for USD 183 million Maersk family injects millions in new investment fund This week's top stories on ShippingWatch 22 seafarers missing after dramatic shipwreck Siem owner offers to buy bonds At least five bids have been placed on HSH Nordbank Boskalis wins huge contract for expansion of container port Epic Gas on target with refinancing CSAV booked loss in 2016 Norwegian shipowners: Crisis calls for drastic measures Port of Dover fears long queues with hard Brexit Analysis: Container carriers increasingly face cyber risks Released OW Bunker exec after millions in compensation Seago Line plagued by rate pressure from major carriers Eimskip denied acquisition of Nor Lines Seadrill buys time with postponement of major debt Marenave Schiffahrts to sell entire fleet Neighboring ports see traffic boost following Gothenburg conflict "It was definitely better than we had feared"Shell and Sovcomflot collaborate on LNG in the Baltic Atlantic Petroleum will reshuffle entire board Lloyd's Register invests in digital service shipping company Maersk employees sound alarm after platform fire Golden Ocean open to further fleet expansion Monjasa faces tough competition north of Denmark Ostenfeldt: V. Group partnership will boost tanker fleet Hempel sets aside USD 40 million in bribery case Fredriksen working around the clock to save Seadrill Insurance firm warns of dangerous loads after shipwreck HMM books major operating loss in 2016 Statoil gets green light to develop major field P&O Ferries books record result on the English Channel Media: Controversial Russian oligarch bids on Dong's oil business Stolt-Nielsen continues to battle with low tanker rates Vale sinks investment expectations after divestment Spliethoff extends Atlantic route after Weco departure NordLB suffering from "painful loss"Eimskip fined by Iceland's Financial Supervisory Authority Finnlines will lengthen vessels for EUR 70 million Pacific Basin increases earnings on vessels in Q1 Norway arrests ship on its way to scrapping in Pakistan Dong appoints new UK managing director Grieg Group's dry bulk carrier reduced deficit in 2016 Norway to build world's first ship tunnel Analysts: China not likely to be lifeline for dry bulk Prosafe: We are almost at rock bottom BW Offshore partners with Chinese finance major Maersk puts South American container carrier up for sale Demand for speedy investigation of shipwreck Rickmers Maritime delivers a USD 180 million loss This week's top stories on ShippingWatch Foreign shipping workers leave Singapore during perfect storm Seadrill CEO has debt deal 'in sight' promising bitter pills Hyundai and Daewoo invoke rescue plan with 10 tanker vessels Ultragas has faith in US shale gas BW Offshore finalizes acquisition of African oil field Pirates in Somalia may have captured yet another vessel Seaintel: Container shipowners gear up in Atlantic Phone recording reveals Shell executives concerned about illegal conduct Damen buys Dutch yard from Keppel Lloyd's Register tests new trends in shipping Norden to spend up to USD 38 million on ballast water systems Odfjell completes purchase of two chemical tankers EU approves Maersk Line's purchase of Hamburg Süd Scorpio Bulkers gets huge price lift from investment bank J. Lauritzen is repaying its bondholders JP Morgan concerned about new VLCC orders Fredriksen's rig company lands lucrative contracts Former Svitzer director shifts to Topaz DVB doubts container carriers' optimism Frontline bags opportunity to make money in the US J. Lauritzen owner secures CEO's refinancing plan Maritime nations call for regulation of unmanned ships Rickmers Maritime Trust to be wound up Hamburg Süd to withdraw eight vessels after EU demands Polaris Shipping launches inspection of reconstructed super tankers Nordic Tankers books profit after years in the red Kuehne + Nagel and Alibaba join forces in seafreight Time running out for world's top shipbuilder as creditors argue Easter at ShippingWatch XO Shipping delivers first deficit ever This week's top stories on ShippingWatch Bourbon lands new leasing deal with Chinese financial institution MPC Capital raises USD 100 million to buy container ships Daewoo Shipbuilding's bailout plan cleared by pension fund Port of Rotterdam believes in strong year for container freight Mario Cordero to be new executive director of Long Beach Major bank protests claims case against OW Bunker top tier SeaIntel: Rickmers Maritime Trust is likely just the first victim Singapore ready with rescue package for shipping Scorpio Bulkers sells vessels for USD 45 million Crisis-struck Ezra addresses bondholders head on German shipping banks have outplayed their global lead Analyst firm: Bulk's upturn will not hold until the fall IMF scales up growth projections in 2017 Shipowners: More naval vessels by Somalia are an option Fight against terror near key Africa strait is stymied by pay feud Container alliances show five percent capacity growth Nordic Tankers CEO: Increased consolidation is the obvious solution Lauritzen company gets USD 28 million for gas vessel trade Bimco: China will be driver of the bulk market this year The EU complains about South Korea's support for DSME The 2015 shipwreck of Thorco Cloud remains unclear Svitzer's taxes investigated by Swedish authorities OMT wants part of the LNG market Fredriksen to block DHT deal with 11 tanker vessels Kuehne + Nagel books lower operating profit than expected Exxon applies for exemption from sanctions against Russia DHT and BW Group defy Fredriksen's block attempt Denmark launches strategy for maritime growth Media: Fewer bunker suppliers in Singapore from 2020 Saudi Arabia says some oil producers have reached deal to extend cuts Bertram Rickmers is ready to give up control to banks DSME could be acquired by South Korean competitors Boost for Scorpio Bulkers in the first quarter Maersk Supply Service has nine new vessels on the way this year Rickmers Maritime Trust sells entire fleet to Navios Maersk Insurance made more money in 2016 Singapore's Keppel yard has fired 18,000 people over two years Shipping banks have impaired loans for USD 3.4 billion Aker chairman to Norwegian offshore families: You spent too much Siem Offshore finds work for eight vessels Taiwan's Yang Ming in a tough battle for its future Eni extracts first oil in Norway Frontline unsuccessfully courted DHT for more than a year Last week's top stories on ShippingWatch Container ship attacked off the Horn of Africa These are the new lenders in shipping Maersk nabs head of communications from Danfoss Media: Norwegian carriers secure wind orders for NOK 4 billion Singapore wants more investors to enter the field JP Morgan believes in better times for the LNG market Schlumberger still feels the effects of the oil crisis Kuehne+Nagel CEO: Container industry has a problem Bimco: Tanker scrapping will quadruple this year Pacific Basin hires CFO from BW Pacific Asia-Europe rates at most stable level in five years Milaha suffered setback in Q1 Drilling surge in the US boosts Halliburton Statoil back drilling in the Arctic Consortium with CMA CGM wins tender for Port of Thessaloniki Professor: New bank regulations could thwart ship financing Alang is still the world's preferred ship graveyard Top analyst shoots down container carrier optimism Maersk Oil eliminates 139 positions in Danish reorganization Thun Tankers orders new ships for Gothia alliance Norway eyes giant oil discovery in the Barents Sea Singapore cements its position as leading maritime hub Fredriksen makes new attempt to buy DHT Danish tax authority: OW Bunker abused tax legislation Euronav projects challenging 2017 "The era of privately owned carriers is coming to an end"Wärtsilä's maritime orderbook shrinks due to overcapacity EU preparing restrictions on maritime subsidies Alphaliner: Growing uncertainty about Yang Ming's financial state Alfa Laval sees marine earnings slide in Q1 Norwegian creditor: New massive losses in store for offshore Scorpio Tankers' bottom line dropped in Q1 Maersk in large digitalization venture with Microsoft Nordea increases loss provisions on shipping and offshore Maersk Line: 2017 off to a good start Seaspan has faith in improved container market DP World reports significant growth in ports Q1 operating result slashed in half at Dong Fredriksen continues his crusade to become top supertanker player South Korean yards save their way to profits Subsea 7 eyes improved supply in offshore market Japan's three major container carriers believe in 2017 gains Maersk Line to pay EUR 3.7 bln for Hamburg Süd Aker BP drills its way to impressive result Belgium's Exmar calls off purchase of Dutch gas fleet Semco Maritime delivers new large deficit US shale boom puts pressure on the entire industry OOCL grew its volumes in the first quarter Wilhelmsen buys supplier Drew Marine in large transaction Last week's top stories on ShippingWatch Nordic banks eye weak offshore and shipping market Frontline's new charge on DHT averted Rickmers Group booked major deficit in 2016 Analysis: LPG market facing years of slower growth Six dead in crane accident at Samsung Heavy Yard Oil companies sue Airbus after Turøy accident VLCC fleet growth in 2017 cause for concern Maersk Line's schedule reliability plunged big-time in Q1 Former head of EAC steps down from Lauritzen Fonden Semco's CEO sees significant improvement from next year RAL and Eimskip secure funds for new container vessels Maersk Line to take delivery of 27 ships in two years Analysts project crimson numbers from Norden Seadrill sells rigs for USD 225 million BP delivers unexpected tripling of its profit EU could demand changes to European tonnage tax Lawyers investigating possible fraud by Dryships Singapore aims to be ready for LNG in 2020 Media: Denmark ready to abandon ownership of North Sea fields Media: Chinese company has its eyes on Aker subsidiary DSV CFO downplays impact of new container alliances Norden logs USD 1 million profit in Q1 DNB Markets: Norden misses out on bulk vessel price hike Former Inchcape CEO to head new maritime business US scrutinizes the power of container carriers Record-tough EU demands on Maersk Line's Hamburg Süd acquisition Lundin Petroleum had good start to 2017 Lauritzen Fonden books DKK 50 million profit Strong bulk market surprised Norden CEO Jan Rindbo Secretary General leaves European Community Shipowners' Association Cost of fighting piracy rises again Ardmore Shipping in Q1 deficit Statoil delivered a significantly improved result for Q1 The US looking to scale back container carriers' power Maersk executives enter Hamburg Süd management Shell had "strong first quarter"Bourbon Offshore stacks another 26 vessels Dong ends Hejre dispute with DKK 0.9 billion settlement Stena AB's profit declined in 2016 Dire North Sea market drowned Viking Supply Ships' top line Police raid Samsung yard after fatal accident Wedellsborg's last year in tanker partnership ended in profit Oil companies' cost reductions now starting to show Media: France makes trouble for DSV Drewry: Spot rates take a dive on Asia-Europa Oslo-listed shipping shares soar Pacific Drilling expects improvements after big deficit Last week's top stories on ShippingWatch Italian tanker carrier is optimistic about the future "We're handing an excellent carrier over to Maersk"Denmark sends out aircraft in anti-piracy effort Clarksons: Uncertainty spreads in bulk Frontline to DHT: Let the shareholders decide Maersk Line: We have a service problem Siem Offshore expects tough market over next several years Saudi Arabia says oil curbs could extend beyond end of 2017 Nordic American Tankers suffers Q1 deficit Kvaerner: The oil industry has hit rock bottom EU shipbreaking inspections yet to materialize Seafarers in Norwegian register at lowest point since 2011 New giant Chinese city could boost dry bulk imports Samsung Heavy reopens accident-struck yard Owner family defends PIL's autonomy DHT Holdings books first quarter profit Kvaerner CEO weighs acquisitions Rescue plan for Rickmers Group met with opposition Eagle Bulk in the red in the first quarter Weak market weights down Aker Solutions' bottom line Euronav orders two new Suezmaxes Commerzbank increases shipping loan loss provisions Analysts: Maersk Line headed for billion-dollar improvement Havila Shipping sees weak market until 2019 DFDS on track to improving last year's record result Hyundai Heavy's USD 11 bln breakup paves way for more deals World's dirtiest fuel seen holding out even as ships clean up Teekay CEO wants to restore the spirit of the founder Is this a win or lose for carriers?Team Tankers in the red on lower volumes in Q1 APM Terminals heralds lockout in Gothenburg Drewry: Scrapping could kick-start tanker recovery "There is a global recovery underway"DHT: We are not against consolidation Maersk Line lost USD 66 million in Q1 Libya adds to OPEC's burden as output at highest since 2014 ShippingWatch closed on Friday May 12 Intermarine expands network on the Atlantic after Nordana exit MAN SE suffered full-year deficit for 2016 Maersk's oil business roars ahead DVB doubles loss provisions for shipping and offshore Dan-Bunkering has appointed new CEO New CEO will turn around Israel's Zim Prosafe suffers setback in Q1 South Korean shipyards had profitable Q1 Maersk Line's result is a concern for the entire industry V. Group appoints Hanne B. Sørensen as new CEO World's biggest container line scales down bond-market reliance Bondholder wants to block Rickmers' vessel sale Hapag-Lloyd's deficit grew in Q1 2017 Evergreen Marine delivers surprising profit in the first quarter "Maersk Oil is demonstrating its ability to deliver results in a difficult market"Partner and founder steps down from Endofa CEO bids farewell to Siem Offshore Maersk Drilling rejects selling rigs despite downturn SeaIntel: Container carriers ignoring their customers Torm's profit down big-time in Q1 Frontline attacks DHT's leadership in takeover battle J. Lauritzen: Dry bulk challenging despite improvements Avance Gas achieves slight progress in the first quarter Danish businessman at the center of controversial oil trade in West Africa Moody's: Climate policy could hit oil industry hard HMM reduced its deficit in the first quarter Yang Ming exits Q1 with a smaller deficit Lauritzen CEO is hunting for new dry cargo execs APM Terminals brings in new CFO from Shell Hamburg Süd lost revenue in 2016 "The way I see it, there are no winners in this terrible deal"Cosco to launch large shipping investment fund Torm is open to consolidation in product tanker Samsung Heavy's shipyard in Geoje hit by fire Media: New buyer in the running for HSH Finnlines invests again after new record result Maersk Oil chooses Semco for Culzean Spanish dockworkers herald strikes in May and June Alphaliner: The orderbook has never been smaller Vestager clarifies regulation for state subsidies to ports Tidewater files for Chapter 11 Hapag-Lloyd's deal with UASC will be presented next week Endofa is preparing claims against Danish businessman Iraq set for highest monthly crude exports as OPEC meeting nears Leak ties president to oil corruption scandal Hafnia Tankers made USD 6 million in Q1 Consolidation wave could be in store for product tanker Teekay Tankers sees earnings slide Drewry sees overcapacity in LPG over the next two years Maersk Supply Service will postpone vessel deliveries Halliburton appoints new chief exec Brazil's President Temer refuses to resign EU tests possible effect of new container alliances Owner and CEO agree: J. Lauritzen will not need more capital injections Wood Mackenzie: Low desire for risks in the oil sector Danske Bank: OPEC deal will likely be extended to 2018 Cosco to invest a billion dollars in tankers "Consolidation is not a game changer, it's the actual game"MAN pays back USD 8 million in engine fraud case This week's top stories on ShippingWatch CMA CGM achieved a profit in strong Q1 Lloyd Fonds: Endgame underway for shipping in Hamburg Possible strikes in Spanish ports hinge on the next two days South Korean carriers ordering vessels from China Ultrabulk vessel detained in Panama The Gothenburg port conflict enters a new stage of deadlock Credit bureau predicts huge loss in Monjasa MPC Capital is now buying container ships BP extracts first oil from North Sea expansion Monjasa confirms deficit of USD 26 million Competitors overtake Maersk Line in 2017 Weco A/S projects worse 2017 Lightship returned to profit in 2016 Concordia CEO welcomes tough tanker year France's Total makes big cuts in Norway Jinhui Shipping suffered new deficit in Q1 Iraq paves way for OPEC deal with support for 9-month extension to cuts 120 employees laid off from Kongsberg Maritime New shipping fund with Maersk players makes first acquisition Norway to accelerate oil drillings in the Barents Sea Seadrill's market value has plunged big-time in 2017 Scorpio Tankers merges with Navig8 Dong sells oil and gas business to Switzerland's Ineos Golden Ocean hit with USD 18 million deficit in Q1 Seadrill could get fresh capital from new investor ShippingWatch closed on Thursday May 25 Dwindling profits for Sovcomflot in Q1 Hapag-Lloyd seals merger with UASC: "A milestone in history"New tanker behemoth is a guidepost in consolidation wave Spanish dockworkers postpone strike Höegh LNG beat expectations in first quarter Costs take a chunk out of Eimskip's profit Topaz in deficit on tough markets in first quarter Thank you for your response Oil countries extend production cuts Rickmers Maritime Trust completes first sale of vessels Lightship loses dramatic court case to former partner Death on Norden vessel being investigated Seadrill CEO: We will likely end up in court Welltec continues to battle sliding sales Major customers criticize carriers' crewing standards Star Bulk delivered smaller deficit ConocoPhillips' revenue in Norway down 10 bln in two years Last week's top stories on ShippingWatch Police raid Stellar Daisy carrier in wreck investigation Maersk's gains from Grup Maritim TCB acquisition have yet to materialize Divestment ensures profit for Atlantic Petroleum Depressed rates hit BW LPG in Q1 Large vessels have significantly reduced departure frequency Norwegian dry bulk duo expands fleet and considers loan Half of Island Offshore's fleet was idle in the first quarter Growing optimism among South Korea's shipbuilders Wärtsilä tasks 400 employees with digitalization effort DFDS uses communication to encapsulate crises Terminal operator ICTSI withdraws from delayed Nigeria project Tanker rates tumble after OPEC meeting Frontline hit by weak rates in first quarter Danish Ship Finance predicts radical changes in shipping Bernhard Schulte once again expands presence in Latin America Statoil names its top pick for chairman BW Offshore noted setback in first quarter Chairman: Nordic Shipholding's stock exchange plans are intact Shipping crisis still weighs down Germany's NordLB Noble Group is fighting hard to survive Shipwreck casts shadow over fleet of Vale iron-ore carriers Alphaliner increases growth forecast for container after strong Q1 Songa Bulk raises millions to buy vessels This is the name of the new Japanese container venture Media: Fredriksen in talks with new tanker carrier Major driller merges with US firm in USD 836 million deal MPC Container Ships to be listed in Oslo Greece seeks to lure UK-based shipowners and brokers on Brexit Wilhelmsen creates digital innovation center Unifeeder: Mega-vessels and alliances in 2017 will benefit us Gazprom benefits from EU thirst for gas HSH Nordbank rejects Rickmers Group's rescue plan Teekay creates new listed tanker giant France's Macron to review sale of shipyard Pareto: Only a matter of time before offshore improves Kongsberg Digital looking to double its revenue Transocean books huge impairment on rig sale Ship manager Otto Danielsen secures first deal with equity fund Euronav hit with big loss on old supertanker MPC Container Ships continues fleet expansion Shipowners: IMO climate targets must be maintained Nordic shipowners: Trump's US exit may jeopardize IMO efforts Trafigura in billion-dollar order for upwards of 32 tanker vessels ShippingWatch closed on Monday June 5 Prosafe CEO believes in brighter days ahead Rickmers Group surrenders in struggle to keep business alive Maersk Drilling customers cancel options for two rigs Samsung Heavy bags major order from Italy's Eni Maersk Line again hit by strikes in Spain Thorco booked triple-digit deficit in 2016 Last week's top stories on ShippingWatch Rickmers Holding working to settle restructuring SeaIntel: Higher oil prices a boon to Suez Triton suffers big loss on Herning Shipping Hamburg-based software firm joins Lloyd's Register in Copenhagen Rotterdam looking to create new European offshore hub Baltnav delivers profit in dire dry bulk year LNG market nervously awaits outcome of Qatar dispute Maersk Broker's profit down 72 percent Torm and Hafnia are candidates in major merger wave Oil trades near three-week low amid talks to resolve Qatar spat Critical meeting on autonomous vessels opens in the IMO Maersk and MSC behind biggest vessels on Asia-Europe Moody's: These are the challenges faced by five German shipping banks Qatar spat could hit Hapag-Lloyd capital expansion Public mediator gives up on Gothenburg conflict New Bimco president sets sights on three areas Peter Döhle secures major financing deal with Chinese firm Norwegian suppliers: Statoil is too powerful Greece's lenient maritime tax fiercely criticized BHP foresees unmanned bulk vessels within ten years Qatar crisis has reached the Hapag-Lloyd supervisory board Spanish dockworkers double the number of strike days Marshall Islands court rejects Frontline request Big surge in China's imports and exports OW Bunker shareholders granted legal aid for lawsuit Trafigura: Oil trading has peaked An overview of the Qatar crisis' impact on shipping Spanish dockworkers herald new strikes Hapag-Lloyd publishes timeline for UASC merger Bertram Rickmers could lose his entire empire Thorco Projects deploys four vessels on new Africa service I.M. Skaugen buys time for refinancing Stellar Daisy owners order three new vessels EU transport ministers adopt guidelines for 2020 maritime strategy MPC Container Ships has raised more money for vessels IBM: How we can save shipping billions of euros Maersk finds way around neighbors' isolation of Qatar Bulc optimistic about ambitious IMO climate strategy Dubai sets out harsh sanctions for Qatar vessels Hamburg Süd's culture is facing a major transformation Saudi Aramco's IPO plans criticized in London Odfjell Drilling heralds upwards of 400 new jobs Singapore ratifies IMO ballast water convention Morgan Stanley: Teekay's financial balance is strained This week's top stories on ShippingWatch Clipper's Danish division loses money on ferries and exchange rate Shipowners suspend Qatar one after the other SeaIntel: Data error radically alters container growth scenario Ministers urge EU not to interfere with state aid schemes Wrist Ship Supply parts ways with Singapore director New fines for major car carriers New ballast water system supplier cleared in the US Maritime & Merchant in talks to enter new markets Statoil enters deal with Chinese oil major Akastor sells Singapore supplier KOP Job crisis in Norway's oil sector starting to level out US bill could disempower container alliances Monjasa has shut down London oil venture Cosco Shipping earmarks USD 3 billion for port investments MSC keeps a close eye on Rickmers Group Hafnia Management's fleet expanded by 40 percent Wrist CEO looks to China after director departs Saga Tankers owner to cash huge dividend Oldendorff continues aggressive fleet expansion Allianz: Shipping headed for perfect storm Norway's Ocean Yield buys new ships Media: Maersk ship scrapped in Bangladesh contains radioactive material CMA CGM buys Mercosul from Maersk Line Analyst predicts much better Maersk Line full-year result MSC's North European business hit by fierce competition The lonely drifting oil tanker that signals OPEC's struggle New German company will sell banks' shipping loans Noreco returns with big plans for the North Sea Mitsubishi Heavy in new yard alliance with Oshima 48-hour strike paralyzes container traffic in Spain HSH Chief: Rickmers is not the beginning of a new trend Maersk Supply postpones delivery of ships Dorian pulled into the red by weak LPG market in 2016 Bomb threat on Maersk vessel shuts down Port of Charleston Billion-dollar Brazilian exports hit hard by container shortage Monjasa-founder received severance pay following conviction Coast Guard determines no bomb on Maersk vessel US East Coast ahead on Panama expansion Report points to "vast volumes" of oil in Norway Songa Bulk buys Capesize ship US shale sends global oil output soaring Oil price drops to seven-month low Shipping is a "low priority" target for terrorism Hapag-Lloyd: Integration of UASC is going according to plan Media: Maersk Oil headed for IPO Autonomous vessels a step closer with new IMO decision DNV GL expects "modest recovery" of newbuild market MSC threatens to slash Gothenburg traffic in half Sons have taken over at family-owned dry bulk carrier Maersk Line now financing container freight for customers Odfjell buys vessels and creates tanker pool New US sanctions against Russia could impact oil sector Maersk and Hamburg Süd must wait a long time for recovery in Brazil This week's top stories on ShippingWatch DFDS orders vessels and boosts investment expectations Transocean avoids new tax case in Supreme Court Bugbee calls on competitors to join forces IMO's hesitance in ballast water takes toll on suppliers HSH Nordbank books new major provisions on shipping Rickmers brings in equity fund and CEO steps down Jyske Bank does not eye large values in Maersk Oil listing New strikes hit Spain's ports Statoil will boost research on CO2 reduction Endofa delivers first-ever profit Shipowners and suppliers in open war on ballast water New dry bulk company works solely for Noble Chartering Strikes permanently move cargo from European ports European dockworkers to strike in support of Spanish peers APM Terminals lays off 160 employees in Gothenburg Noble Group's USD 2 bln loan deal prompts default-swap question MSC gains full control of vital Brazilian reefer port Investment bank sees significant upside in DFDS shares Major carriers divided on push for ballast water postponement Frank Mortensen named CEO of Maersk Broker's bulk business Svitzer and Rolls-Royce in partnership for remotely operated vessels APM Terminals on layoffs: Conflict has cost one in five containers Rosneft finds first oil in the Arctic "Shipping needs a new business model"New large-scale container merger in Asia could be imminent South Korea's yards dominate global order books Sustainable Shipping Initiative appoints new general manager Maersk trains drone pilots for maintenance Alphaliner: Uncertain situation in Nigerian container port Maersk Drilling bags short-term contract for unemployed jack-up rig Norway opens up Barents Sea for extensive oil drillings Container rates skyrocket on North-South routes Maersk Line in major CEO reshuffle in Singapore "An industry downturn is exactly what we need"Ten analysts list the losers among shipping shares Evergreen follows competitors with new Alibaba partnership Alfa Laval wins triple-digit ballast water contracts Altor allocates no funds for OW Bunker compensation suit Cosco will challenge European dominance on key container routes South Africa rejects Japanese container merger Shippers: Reefer markets will feel the pain from carrier concentration National Oilwell Varco to lay off as many as 170 people in Norway MPC Container Ships could reach 50 vessels this year Spanish port strike called off for multiple days EU extends severe financial sanctions against Russia Norway's new major carrier dubbed a "risky venture"After a 30-day slide the oil price is again headed for USD 40 Shipowners present climate targets ahead of IMO meeting Spanish shipbreaker: EU list has increased interest in us This week's top stories on ShippingWatch Dry bulk terminals fail test of high-risk cargoes OPEC has few escape routes from another bear market in oil Media: Frontline calls off efforts to acquire Gener8 US-based equity fund buys stake in Songa Bulk Norway looking to limit foreign access to oil fields Soaring activity in tanker market casts doubt on OPEC deal Hapag-Lloyd has lost efficiency following merger Scan Global CEO hopes for a more stable container market Maersk's customers can soon monitor reefer containers Carriers ordering far more tankers and bulkers this year Norwegian oil companies experiencing huge price decline since the new year Are MPP owners headed out of a ten-year slump?Frontline abandons corporate acquisitions and bets on own fleet Media: Maersk invites banks to list oil division A new coat of paint is rocking the global shipping industry Claus-Peter Offen will spearhead German consolidation China investing billions in African LNG projects JP Morgan slashes oil price estimate for the rest of the year Cosco Shipping secures financing for tanker vessels EU tax negotiations for shipping could last rest of the year Maersk confirms: IT crash is caused by hackers Brazilian president charged with accepting bribes Acquisition grows bottom line at Shipping Holding IMF reduces growth estimate for 2017 and 2018 DHT's takeover of BW Group's VLCC fleet is complete Maersk IT systems still down due to cyber attack "A serious pressure test of Maersk's cyber security measures"US shale boss predicts that offshore oil will soon die out Statoil signs long-term contracts for offshore ships Shipping will face significant capital shortage Customers lack clarity after Maersk cyber attack Japanese carriers could have strong case to appeal South African rejection APM Terminals: All terminals are open Maersk's booking system up and running Shipping and offshore's new financiers come from China Denmark accedes to Hong Kong Convention Former Wilhelmsen senior execs charged with price fixing in the US Hapag-Lloyd keeps credit rating after merger Maersk in close dialog with MSC following cyber attack CEO on Statoil contract: "Important in today's market"J. Lauritzen picks new head of bulk from own ranks MAN Diesel & Turbo senior exec to head new green shipping team Maersk Broker has never before sold this many vessels Spanish dockworkers sign agreement and call off strike Media: Hafnia Tankers discussing merger with Diamond S Shipping Havila Shipping enters supply contract with Maersk Oil MOL charters four LNG vessels Spanish dockworkers agree to lower wages Maersk Oil has released 42 tons of non-approved chemicals in the ocean Maersk's key terminal in Rotterdam is still down Equity funds preparing to exit tanker shipping A2Sea parts ways with CEO Subsea 7 acquires assets from distressed peer Norden to continue tanker fleet expansion Maersk Broker takes over dry bulk partner This week's top stories on ShippingWatch HSH Nordbank has received offers from several interested buyers CMA CGM sells majority of stake in Los Angeles terminal Maersk sells stake in UK oil field Family-owned GC Rieber hit with huge deficit DHT's two CEOs are Norway's best paid chief execs Oil trades near three-week high after US drilling slows Shipping and bunker group USTC sees profits slashed in half SeaIntel: Disturbingly low cyber security in the container industry Hapag-Lloyd refinances bond debt IMB: Piracy close to five-year low Maersk Broker building its offshore strength NordLB's plan to sell shipping loans falls apart Singapore establishes new Marine Fuels Committee EU clears Japanese container merger Total to sign milestone Iran gas deal since sanctions eased Endofa after first profit: "We're better at choosing our battles"Maersk Supply Service hits Mexico for the first time Hanseatic Unity brings in new partners Danish Ship Finance could be hit by proposed EU legislation All signs point to postponement of ballast water rules Qatar responds to 13 demands set out by neighbor states Odfjell Drilling bags contract with Total in South Africa Media: Maersk forced to postpone opening of key Costa Rica terminal E-mails reveal that Danish EPA shielded Maersk from huge losses Moody's: Stena's offshore company pulls down ratings Controversial Greek shipowner sued in series of accusations P&O Ferries beat its own record in first half of 2017 Bunker Holding eyes 14 potential acquisitions ahead Cyber attack could cost the Maersk Group over USD 50 million MEP calls for climate signal from IMO leadership Yildirim to sell CMA CGM stake as part of plans to buy Ports America Maersk Oil still in play for large Iranian oil field Stolt Tankers hit by downturn in chemical tanker Maersk report on 42 tons of illegal pollution discharge is inadequate Middle Eastern Qatar-boycott will continue and be expanded Hyundai Heavy to build engine plant in Saudi Arabia APM Terminals wins more freight volumes in South America Russia said to oppose any move to deepen OPEC cuts at talks Eagle Bulk bags new credit line for fleet expansion Former Viking Supply CEO takes over at GC Rieber NGOs to IMO: Settle on a climate target Maersk: Too early to guess consequences of cyber attack New postponement of IMO deal sparks criticism from suppliers Union: APM Terminals rejects new proposed Gothenburg resolution Statoil invests billion in gas satellite Cosco expects profits in the first half of 2017 This week's top stories on ShippingWatch BW Group orders a series of new product tankers Cosco buys OOCL for USD 6.3 billion Shipping closer to climate targets after IMO meeting Japanese carriers establish joint shipping company from April 1 Shipping bank loans at lowest level in a decade Maersk's port in Costa Rica postponed another six months Container carrier acquisition spree nears its end Aramco to spend USD 300 billion, CEO warns on world oil supply Analysts divided: Was OOCL a good bargain?Media: Many security issues for Maersk in Rotterdam Carriers are optimistic after new climate plan from the IMO Key shareholder sells out of Hapag-Lloyd Iran's state-owned tanker carrier sending more oil to Europe Cosco deal to make ex-Hong Kong chief and family USD 1 billion richer Statoil is hiring again Evergas maintains growth ambitions despite failed acquisition US will drive up oil exports over next three years Shell mulls LNG-hub network as use by ships and trucks expands The last five years has seen a flurry of container mergers Rickmers gets banks' approval to sell its last vessels EU reacts to IMO summit: A lot of talk, not much action Aker Solutions fishes for contracts worth DKK 60 billion Major banks lose faith in oil price return Court drops some of the charges against Dryships Dan-Bunkering's revenue grows 40 percent DNB significantly shrinks impairments to shipping and offshore Cosco will become the largest Pacific player after acquisition Bourbon to develop autonomous vessel Another Turkish shipbreaking yard obtains approval Mexico oil privatization pays off with billion-barrel find Brazil's former president gets nine-year sentence for corruption Sovcomflot to Russian minister: Safety in the Arctic must be improved Former exec of OW company charged with fraud worth DKK 800 million Kvaerner doubles result Maersk Oil will prove its worth with Culzean gas field NGO lashes out at scrapping practices in the wake of bankruptcies Dutch authorities investigating bunker cartel in major ports Lars Møller will be held liable for the collapse of OW Bunker Blue Water continues Kazakhstan venture with contract worth millions German billionaire raises stake in Hapag-Lloyd Aker BP raises the bar in the second quarter Deputy district attorney: OW case is one of the more severe Maersk on the list of biggest environmental polluters Arne Blystad might be headed into the container business The aftermath of the OW Bunker collapse has only just begun Tidewater gets green light for rescue plan Rex Tillerson eyes an opening for dialogue in the Qatar conflict E.R. Schiffahrt lands contracts with Maersk Line Last week's top stories on ShippingWatch Oil holds gain above USD 46 as demand seen helping drain stockpiles South Korean shipbuilders expect to see surge in orders SBM Offshore gets insurance payout after rig failure Desmi on ballast water delay: "Bad for the environment and for IMO"Maersk ship towed to port after engine fire Chinese purchases of foreign terminals doubled in one year Statoil bets big on Brazilian oil Alfa Laval still under pressure from too few newbuildings Maersk Drilling and General Electric scale up IT partnership Dryships is being sued in New York Hacker attack caused delays at Maersk Line Kuehne+Nagel grows across the board Rio iron ore export slowdown signals boost to rebounding prices CMA CGM enters partnership with Dutch reefer specialist Oil companies join forces to target Norwegian shelf Røkke companies' value down NOK 2.8 billion Shell fights Indian penalty of USD 3 billion Norway's Remøy on offshore crisis: "The market has bottomed out"Communications chief ended vacation when DSV landed UTi Niche carriers grew their fleets in 2017 Höegh LNG and Nakilat exploring potential partnership US Senator braced for showdown with controversial law Dryships gearing up for showdown with investors OPEC wrestles over oil output while top importer's demand is in peril Piracy in Asia has reached ten-year low Family-owned PIL could be next acquisition candidate Samsung Heavy close to new huge order Boskalis awarded contract by Swedish port Startup looking to catch sulfur sinners from the air Hyundai Merchant has scaled back after 2M arrangement Iran reviewing Maersk Oil field development bid Panalpina grew its sea freight volumes in first half of 2017 Scandinavian banks still weighed down by oil sector Russia hit with million-dollar fine after oil protests Saudi Arabian crude shipments to US drop to seven-year low Wärtsilä grows marine orders by 11 percent Scandlines bags EUR 862 million credit line Norway's Mohn eyes light ahead after challenging times Bunker trader made it to the top of Dan-Bunkering Maersk boosts IT security after hacker attack Port of Rotterdam wants more state support Rickmers Maritime Trust cleared for de-listing Hyundai Heavy boosts its orderbook Drilling took a big chunk out of Fred Olsen OPEC, Russia to stand pat on oil deal even as glut persists BP weighs divestment of oil fields in the North Sea Port of Gothenburg labor conflict required constant communication Keppel Marine & Offshore suffers half-year deficit Svitzer awarded 15-year contract in Bangladesh It has been a bit more fun to be a dry bulk carrier in 2017 Last week's top stories on ShippingWatch JP Morgan: Crude oil could bottom out in two years Maersk Drilling gets warning after Norwegian inspection IMF: The EU is the global economy's future growth winner Songa Offshore wins round one in dispute with DSME Torm buys four MR vessels from Chinese yard Employees at container carriers point to lack of career opportunities Scorpio Bulkers cut its deficit in half in Q2 Chinese yards see new orders plunge in first half of 2017 Rolls-Royce's Bergen Engines in huge deficit Oil rises as Saudi Arabia pledges deep cut to August exports Number of mega-vessels on Asia-Europe set to explode DP World increased its throughput in Q2 Egypt maintains pressure on Qatar and continues blockade Hapag-Lloyd's talents must draw on self-reflection to get ahead Court rejects injunction case against Dryships Halliburton surprises with strong quarterly report Carriers have ordered more tankers and bulkers this year UK authorities probe Rio Tinto following suspected foul play Drewry lowers expectations for Intra-Asia Hyundai Merchant optimistic about third quarter Drewry: This is why shipowners should invest in FSRUs Maersk Line almost back at full steam after cyber attack Seadrill prepares investors for considerable losses German family acquires SAL from Japan's K-Line Subsea 7 projects rise in orders in first half of 2018 Samskip to buy Eimskip's former acquisition candidate Daewoo leaves deficits behind in first half of 2017 Attorney General: Lars Møller acted in his own interest Maersk's Ane Uggla tops list of wealthy royals in Sweden Oil hits USD 50, but Credit Suisse is slashing its forecast Singapore's high court declares Ezra company bankrupt Statoil exceeds expectations and triples operating result Havila family buys stake in Norwegian offshore carrier Diana Shipping lost USD 23.8 million in Q2 Shell's profit skyrockets in Q2 Equity fund Brookfield takes control of Teekay Offshore New Dan-Bunkering CEO: We need to grow at least 10 pct EU Commission cancels tax discount for French and Belgian ports Rystad Energy: At least 110 rigs must go to curb downturn Finnlines beats its own record in first half of 2017 Samsung Heavy returns to profits in Q2 Strengthened Total says it is ready for acquisitions Navios Maritime had profitable Q2 Rieber preparing for clean-up after the downturn in offshore Pacific Basin: Worst of dry bulk slump is over Fewer students apply to maritime programs First time since high school without a Maersk business card Strong OOCL result bodes well for container sector Kristian Siem: Consolidation in offshore comes too late Oil companies trim drilling budgets in sign of rising caution Last week's top stories on ShippingWatch Only one of Japan's three top carriers upgrades guidance V. Group completes senior exec reshuffle BW LPG forms joint venture in India Seaspan looking for CEO Gerry Wang's successor Dry bulk has long way to go despite stronger rates Global oil majors squash low oil price and accelerate earnings Refinancing keeps Fredriksen's Archer in the black SeaIntel: Asia-North Europe earnings increase sharply Dorian LPG's deficit grew in the first quarter Italian tanker carrier books deficit in tough product market Hempel put all cards on the table in bribery case Hanjin still haunts Greek shipowner Danaos Norwegian Sverdrup field pokes its nose out of the water Hyundai Heavy's bottom line cut in half in Q2 BP trumps expectations despite huge impairment in Angola Maersk Line's schedule reliability dwindling Weak offshore market hurts Rolls-Royce South Korea poised to grant more aid to maritime industry Tidewater puts bankruptcy in the past An upgrade could be in play for DSV in Q2 report Swiber must postpone interest payments on loans DSV upgrades after all-time high results Commerzbank troubled by new losses on shipping MSI: Fragile orderbooks could strain yards Miner Rio Tinto confirms increasing growth in China Lundin: Close to 70 percent of Johan Sverdrup will be finished this year DSV prepares for higher freight rates Tufton Oceanic buys container fleet from German Hartmann Hapag-Lloyd and Hamburg Süd could lose exclusive rights in South America Pacific Basin to buy vessels for more than USD 100 million Ardmore hit with deficit on high inventory levels Intermarine chief exec steps down with immediate effect Russia declares open trade war against US after sanctions Pirates kidnap five seafarers in Nigerian waters Teekay Tankers suffers big Q2 deficit Torm buys vessels again Media: CMA CGM gearing up to order new mega-vessels DNB on oil price: Good times in store for 2020 Norway anticipates field plans totaling NOK 125 billion Transocean sucked into huge deficit on rig sale Hutchison Ports notes slight growth in first half Norwegian state continues to bag huge gains from oil fields DNB: Sulfur requirements could force oil price further up Minor oil players vying to enter Norwegian shelf Jefferies: DSV distancing itself from the competition Dry bulk carrier dodges Noble Group downturn Maersk Line's acquisition of Hamburg Süd lacks one crucial approval Trump's toughest critic challenges the Jones Act Last week's top stories on ShippingWatch Höegh Autoliners lands huge deficit Maersk Line: This is why our reliability is declining Viking Supply doubts better market in 2018 Borr Drilling to seek IPO in Norway South Korea's container carriers join forces in historic partnership Big Oil's dream of USD 65 billion hidden off Norway is fading away Chairman: This is why we are selling to Cosco Shipping Shell and BP's chief execs still believe in the North Sea Maersk still spending lobby money on controversial food aid Stena Bulk CEO: Stena Weco was one of the most crucial decisions Nordic American Tankers lands deficit on weak market SeaIntel: Two carriers in particular will hunt for market shares in coming years Media: The costs of Maersk's hacker attack could be sky-high Songa Bulk continues dry bulk acquisitions Hanjin leaves huge loss behind after bankruptcy Eagle Bulk reduced its losses in Q2 Genco's results reflect stronger bulk market Communication helps shape the new Hapag-Lloyd Lauritzen managers to establish Baltnav in Singapore Rickmers in firesale of MPP vessels to Zeaborn Chemical carriers struggling against massive fleet growth Media: Equity fund preparing to sell Scandlines Lower rates drag down DHT's results in Q2 Crude oil tanker rates circling three-year low APM Holding behind new USD 550 million Africa fund Weak prospects for new South Korean partnership Equity funds enter North Sea with billion-dollar investments SBM Offshore: Oil companies still hesitating Media: LPG cargo piling up off of Singapore Wallenius Wilhelmsen saves USD 100 million on synergies Star Bulk cements progress in bulk Fejfer back in key role for Maersk investments NordLB shuts down department and lets shipping exec go Euronav goes red with USD 24 million deficit Maersk and the US shipping lobby under pressure Refinanced Epic Gas remains in the red Dong in a strong offshore position Samskip beat rival in fight for billion-dollar Norwegian exports Danish EPA reports Maersk Oil to the police Shipowners dig Japanese funding "I would almost bet my life that the Jones Act survives" Dutch carriers get a new national fund Here are next week's critical interim reports from shipping Navios' tanker unit in Q2 deficit OPEC boosts oil-demand outlook while its production rises HSH Nordbank's non-performing loans hurt German states Hyundai Merchant lost USD 112 million in Q2 This is what Maersk spends its lobbying dollars on in Washington New report: Sulfur will not trigger an upheaval in shipping Moody's has renewed faith in the shipping industry Thorco owner withdraws guarantees for vessels in Thorco Last week's top stories on ShippingWatch DP enters new partnership with the Suez Canal Søren Skou: Acquisition wave will continue Chevron ready for major North Sea investment Study: Problems with half of all ballast water systems Analysts have high expectations for Maersk results Growing imbalance in container routes Clarksons grew despite tough shipping and offshore markets Songa Bulk contemplates raising USD 45 million Six-year record in sight for container transport Panoil Petroleum loses Singapore bunker license Oil price looks set to stay below USD 60 for a long time Evergreen grows cargo volumes and earnings Daewoo delivers big profit for second quarter Transocean buys Norway's Songa Offshore Western Bulk sees market recovering Copper anniversary changed the course for Bunker Holding CEO Seadrill gets more time for restructuring Maersk Drilling seen as next acquisition target EU postpones controversial scrapping license Navig8 Chemical Tankers booked deficit Taiwan's Wan Hai sees profits soar Concordia looks ahead after booking new loss Rickmers Maritime closes container ship sale Havila Shipping books large deficit for Q2 Maersk Line achieved USD 339 million profit in Q2 Maersk Tankers books huge impairment on vessels Torm Executive Director eyes flat development in product tanker Songa union rep: New owner could be both good and bad news Here is an overview of the Maersk Group Q2 results IBIA pleased with penalty for bunker company in Singapore Maersk Line missed out on growth in the container market Offshore crisis hits Singapore companies yet again Transocean punished for biggest offshore deal of oil downturn DFDS delivers Q2 pre-tax profit of DKK 495 million Norden lost USD 7 million on dry bulk in the second quarter Port of Hamburg maintains growth despite fierce competition Golden Ocean reduced its deficit in Q2 Maersk Drilling wins contracts for three rigs Weak offshore market drags down Boskalis Svitzer will sell 11 laid-up vessels Jan Rindbo: Dry bulk rates must rise to ensure profit Alphaliner: APM Terminals could be leaving India Smedegaard aims to land two acquisitions this year J. Lauritzen still strained despite improvements Pacific Basin looking at new asset acquisition opportunities Team Tankers: No improvements in weak chemical market Gothenburg port conflict could lead to bankruptcies South Korean shipbuilders beat China on orders Offshore carrier GC Rieber reduces deficit Rolls-Royce injects billions in fresh capital into Norwegian marine business Hafnia Tankers books deficit for Q2 CEO has leaned down J. Lauritzen for tough years DFDS Executive VP: I've sometimes listened a bit too much This week's top stories from ShippingWatch Maersk Oil sold to France's Total Blackrock considers investing in South Korean HMM Maersk Line will defend its position as the world's No 1 Skou after divestment: Important to maintain focus on the North Sea Iraq sets up new joint venture in oil and shipping Four fatalities in explosion at South Korean shipyard New mega-vessels threaten to undermine strong 2017 rates Total eyes huge annual synergies with Maersk Oil takeover MOL violated competition law Total CEO: We will build further on Maersk's strengths Maersk Drilling in "extensive talks" about the future Hemmingsen: Divestment is a relatively quick transaction Greek shipowners being investigated in Petrobras scandal BHP Billiton back in the black after mining disaster Major container liners invest in new digital platform Professor: Tax pressure pushed Total out of Norway Media: Chinese bank injects USD 15 billion in Silk Road Maersk Tankers far behind competitors Hamburg Süd acquisition to open South America to Svitzer HMM sets freight record in South Korean port Songa Bulk reduces deficit Analyst puts a price on Maersk's energy companies John Fredriksen's bulk carrier expects huge rate fluctuations Maersk Line and Hamburg Süd in new collaboration with CMA CGM DOF has brighter outlook despite setback Media: Johan Uggla appointed CEO of Maersk Training Danske Bank maintains shipping and offshore portfolio Maersk Supply is starting to see longer contracts Svitzer takes over contracts and expands fleet in Portugal Seadrill's problems have sent share price down the drain This robot ship experiment could disrupt the global shipping industry Maersk at risk of credit cuts after selling oil unit Seadrill loses USD 158 million in the second quarter DP World lands slightly lower bottom line in H1 Keppel subsidiary wins huge order for container ships Prosafe celebrates Sverdrup contract in tough times Herman Billung wants to buy new ships for USD 50 million Record-low Danish employment on DIS vessels Vale doubles its fleet of huge vessels Höegh LNG sees huge potential in new alliance OW trustees to increase claims against former management Brazil to crack down on ships sold into 'toxic' scrap trade Media: MSC ready to order 11 mega-vessels BW LPG hit by cancellations in the US Aker Solutions fires 140 employees Rough offshore market rubs off on rig company results Seadrill expects major setback in third quarter Ackermann doubts that another golden age is nigh for large gas tankers Songa Bulk buys Kamsarmax vessel Prosafe postpones old Lauritzen rigs This week's top stories on ShippingWatch Hurricane hits the US oil industry DFDS CEO on migrants: This is a completely unsustainable situation Statoil hunting for oil in Argentina Media: Layoffs after merger incite anger at Farstad Hapag-Lloyd is back on analysts' good side SeaIntel: Here are the winning ports with the new alliances Analyst: Lost Maersk fields were key factor in acquisition Norwegian rig operator looking to fill its ranks Bimco: Dry bulk market is declining again This is why CMA CGM will hand a major order to China Hapag-Lloyd books USD 19 million profit in Q2 Thorco owner: I no longer dare to be an optimistic shipowner BW Offshore finally in the black in second quarter Borr Drilling gets green-light on Norwegian IPO Avance Gas predicts rough market into 2018 Swiss oil trader picks Jan Bech Andersen as head of shipping unit Trump rejects Chinese proposal to reduce overcapacity of steel Big disappointment for Statoil in the Barents Sea Hurricane Harvey sends product tanker rates skyrocketing Welltec hesitant to make promises for the future Law firm faces USD 182 million claim from OW Bunker estate Fredriksen's tanker carrier plunges into the red in weak Q2 Maersk credit rating could take another hit Jinhui Shipping reduces deficit Denmark wants net wage scheme to include offshore vessels Navig8 shareholders say yes to merger with Scorpio Odfjell Drilling sees signs of a stable drilling market Clipper Group's CFO steps down immediately German bank ahead of schedule selling shipping loans Maersk vessels collided for 36 hours before dramatic shipwreck Maersk COO after shipwreck report: "We consider the case closed"OW investors sue IPO banks for DKK 500 million Sovcomflot's earnings plunged in the first half of 2017 Buyer of feeder vessels strikes again Three market challenges worry Euronav CEO Norwegian offshore giant eyes more activity in the fall HMM orders two vessels and confirms major tanker order Harvey grows European gas exports to the US Former Torm CEO launches ambitious bulk project After two years of deficits, Klaveness aiming for profit in 2017 Management companies merge into the top 3 Shipping loans drag down DVB Bank Two bunker companies lose their license in Singapore Odfjell and Statoil sell robot systems company for USD millions Monjasa founder sells his ownership after fraud case Liability for the Maersk shipwreck will now be investigated Søren Toft to deliver the most important result of his career Investments plumb new depths three years after oil collapse Exmar sells insurance business Last week's top stories on ShippingWatch Former J. Lauritzen CEO to head bulk carrier Pioneer Marine China Merchants explores offshore rig operator deals Sverdrup development costs shrink again by millions Total continues North Sea divestment to Kuwaiti company Hamburg Süd reveals first insights into Maersk Line deal Torben Janholt originally turned down the offer Ports slowly getting back on track after Harvey's rampage Kristian Siem: bankruptcy should lead to management reshuffles New South Korean container carrier on the cusp of Top 20 Only a few container carriers booked losses in Q2 Inspector fired just a few months prior to Maersk wreck Major investments needed to ensure Royal Arctic Line's strategy Germany's NSB enters Indonesian joint venture Russia's Global Ports sees earnings slide in growing market Eimskip sticks to declared guidance after Q2 report APM Terminals pulls out of Brazilian port MPC Container Ships goes hunting for investors Hapag-Lloyd merger takes big toll on CSAV's results French minister to seek resolution for STX sale BW Offshore looking forward to milestone in tough market Pacific Drilling risks de-listing in New York Pacific Basin bolsters share profile in China Univan CEO projects further consolidation in ship management Triton International will issue shares to buy containers Subsea 7 orders ship in the Netherlands Media: Norway's government will pass oil tariff on to taxpayers Maersk shipbreaking in Alang makes slow progress APM Terminals Gothenburg faces deficit in 2017 Former Brazilian presidents charged in criminal syndicate case Cosco Shipping and PIL form new partnership British offshore sector still losing jobs Record-high number of applicants for Norwegian oil tender Seadrill and equity fund said to pursue debt accord Media: Hanjin cost South Korean shipping USD 2.6 billion Carriers now showing interest in cyber insurances Reefer shippers can look forward to major price hikes Bourbon Offshore hit by huge, new loss German Berenberg acquires more shipping loans from Scotland Team Tankers will spend upwards of USD 400 million on acquisitions NGO accuses cruise ship industry of massive pollution Norwegian supply merger selling vessels to Brazilian Navy Zeaborn and Bertram Rickmers acquire parts of insolvent Rickmers France plans to end oil output by 2040 with exploration ban Maersk, Euronav, and the Onassis Foundation behind new global forum Blue Water Shipping brings in Esvagt CEO as new chief exec Media: Maersk fund not concerned by China's growing power in Africa Germany's Meyer doubles investments in Finnish shipyard Container carriers prepare for Hurricane Irma Skuld's profit dropped in first half of 2017 Here is Germany's new major shipping investor This week's top stories on ShippingWatch Meldgaard is the CEO it is hard not to listen to Remote controlled robots will inspect oil rigs in the future Oil industry back online after Harvey's rampage Team Tankers CEO projects recovery for the chemical market in 2018 MPC Container Ships raises more money in Norway US suspends Jones Act in wake of two hurricanes APM Terminals sells stake in Zeebrügge Fredriksen's oil trader Arcadia is said to scale back business Shipyards confirm talks for giant MSC order Chinese firm buys USD 9 billion worth of Rosneft Huge miscalculation led to Norway's opening of Arctic oil World's largest offshore wind farm to be built in the North Sea Exmar turned red in the first half of the year Container carriers slowly grasping what the world already knew Scientists believe ship exhaust makes thunder more intense Climate study: Carriers should start work on CO2 plan already today Baltic Dry climbs to three-year high OW Bunker investors sue Morgan Stanley and Carnegie Media: Singapore's bunker companies looking to expand Ships can now use printed propellers Carriers are liable when hacker attacks occur Hitec Vision to invest huge sums in North Sea oil China tightens sulfur regulations in more ports Seadrill settles rescue plan in the nick of time World's biggest hedge fund projects oil price of USD 65 Autonomous vessels developing faster than expected Second-hand container ships set new record in sales One carrier in particular has absorbed Hanjin's vessels MAN promises 12 percent fuel savings with new engine Media: Reederei H. Schuldt forced to sell 35 ships EU ministers oppose including shipping in emissions scheme DFDS experiences new hacker attempts every single day Seadrill's rescue plan squeezes shareholders J. Lauritzen loses supreme court case to MAN Iran opens talks with Maersk competitors PFA Pension invests USD 100 million in Maersk's Africa fund ING Bank blocks move to raise claim in OW Bunker case Statoil's oil drillings in the Barents Sea disappoint Seadrill hit with huge bill from consultants ICS Chairman: Shipping will deliver in terms of CO2 Denmark has fined three carriers for sulfur violations Toyota part of Japanese billion-dollar LNG vessel order "Member states seem to be in denial of their responsibility as polluters"Celsius Shipping expands its fleet with feeder vessels Subsea 7 CEO projects better days beyond tough 2018 Russia settles with ExxonMobil in tax dispute "Customers should be able to see if carriers cheat"Rules for high-risk cargoes could be updated FMC clears carriers' bankruptcy fond in wake of Hanjin collapse This week's top stories on ShippingWatch Nils Smedegaard Andersen praises new Maersk strategy Media: South Korean yards wrestling with local steel producers China's behemoths boost the country's maritime vision CMA CGM confirms order for nine ultra-large container ships Hapag-Lloyd orders 7,700 reefer containers IMO issues new warning on bauxite after shipwreck Major ballast water supplier bankrupt after delayed regulations Pacific countries to weed out fake vessels from North Korea No Plan B for Maersk Line if Hamburg Süd acquisition fails Marine insurance premiums continue to decline DP World will not renew contract in Indonesian port Seadrill plan forces North Atlantic Drilling off the stock exchange Scorpio Tankers booked major deficit in the first half Shipbreaking chairman calls for action against owners' transgressions SAL Heavy Lift shuts down its offshore unit Hyundai Merchant Marine expects financial turnaround next year Oceansaver after bankruptcy: "IMO decision was very disappointing"Analysts: First phase in the oil upswing is in progress CMA CGM beats all rivals on earnings The five sulfur questions that shipowners need answered by 2020 Shipping company sues Lukoil over billion dollar claim Bigger container ships need better fire precautions Rescue plan for German shipowners rejected India will spend millions of dollars to improve Alang conditions This is your shipping calendar for January 2018 This is your shipping calendar for February 2018 This is your shipping calendar for March 2018 This is your shipping calendar for April 2018 This is your shipping calendar for May 2018 This is your shipping calendar for June 2018 This is your shipping calendar for July 2018 This is your shipping calendar for August 2018 This is your shipping calendar for September 2018 This is your shipping calendar for October 2018 This is your shipping calendar for November 2018 This is your shipping calendar for December 2018 A.P. Moller Holding A/S buys Maersk Tankers Dockworkers block automation of vehicles in West Coast ports Dry bulk shipowners have drained yards' newbuild stockpiles Saadé: Container stronger than it has been for years Kuehne + Nagel heralds more acquisitions Surging demand for staff in Norwegian offshore Maersk sells tanker carrier to family in a buyer's market Seadrill share jump due to speculation or short covering OECD raises forecast for global growth Wilh. Wilhelmsen banks more on oil and gas Maersk bags potentially huge contract with the US Navy Royal Arctic Line after costly half-year: Sorry about the mess Major Nordic banks scrutinize hazardous scrapping practices Abu Dhabi's Adnoc is said to consider IPO for shipping business MSC confirms order for 11 ultra-large vessels North Korean tankers loading oil in Russia OW Bunker estate has lost bunker price case Seadrill bondholders said to fight debt plan John Fredriksen tops list of Norway's wealthiest people Dry bulk shipowner: Ship values have risen too much DSME looking to appeal ruling in Songa Offshore dispute Bugbee: Maersk family will drive tanker consolidation Media: Maersk declines to let shareholders see sale assessments Norway's central bank projects surge in oil investments Maersk Line harbors great ambitions for Hamburg Süd Rescue plan reduces family's ownership in Kleven Lukoil looking to get rid of trading unit amid legal battle Golar LNG appoints new CEO Transocean books million-dollar impairment on six rigs Last week's top stories: Maersk Tankers, ballast water, Royal Arctic Line Golden Ocean sells six dry bulk vessels Media: Polaris Shipping in billion-dollar order for giant bulkers Offshore wind carrier Ziton to fight for market shares Media: North Korean workers used on Danish naval vessel Singapore unveils strategy to maintain its status as maritime hub Two seafarers arrested as ship runs aground SAL Heavy returns six vessels to German flag Viking Supply needs owner's help to save bank agreement Statoil vies for a stake in Abu Dhabi's offshore oil J. Lauritzen CEO: The carrier's future is smaller vessels Demand for sulfur oil could boost US crude exports Maersk Line gets vital approval for Hamburg Süd purchase Rowan said to be in talks to acquire Maersk Drilling Seven carriers to dominate the future container market Maersk Container Industry CEO steps down Samsung Heavy wins large six-vessel order Nordic maritime arbitration expected to be ready next year Lawyer appointed new CEO of Noreco Macron and Gentiloni near deal giving Italy STX control Faroe Petroleum enters the fray for North Sea oil Hapag-Lloyd sells three UASC ships for scrapping Sniffers will still be catching sulfur violators in 2018 Hyundai Heavy confirms major order from Polaris Major carriers expected to seize larger slice of reefer market DNV GL tasks 1000 employees with digitalization drive Maersk Oil CEO steps down following Total takeover HSH Nordbank projects even stronger cluster after the consolidation Norway could lose millions on Oceansaver collapse Tax breaks make shipowners flag German again Höegh Autoliners settles in US cartel case 120 Scandinavian seafarers replaced by Bourbon Two months of decline in container rates put pressure on the industry Jones Act still in effect despite crisis in Puerto Rico Norwegian shipyard lays off all 150 employees Old rule impedes Maersk's plans for re-flagging Rumors of Chinese yard merger intensify Rowan and Maersk Drilling merger could create top-tier fleet Germany's DZ Bank accelerates sales plans Hapag-Lloyd to raise more than USD 400 million France and Italy agree on sale of STX yard Wilh. Wilhelmsen fixes new credit agreement of USD 640 million Greece's Aegean Shipping orders up to eight new bulk vessels Trump suspends Jones Act for Puerto Rico APM Terminals will use temporary staff in Gothenburg Germany's Marenave preparing new rescue attempt Bunker Holding reports ready for global emissions cap Scorpio Tankers secures USD 21 million on leasing deal Hapag-Lloyd "looking in all corners" ahead of sulfur cap Crucial accident report on Norwegian offshore published today BP calls on the industry: No need to postpone sulfur requirements Nordea points to winners and losers in the rig market This week's top stories on ShippingWatch Oil prices threaten economic growth Dry bulk rates stay high despite more vessels Oil investors take a breather after large price hike North Korean laborers may have worked on Maersk vessels Subsea 7 and Schlumberger bag major contract in Africa Possible buyers of Maersk Drilling plagued by debt or lacking capital 2M alliance struggling to improve schedule reliability "It's very difficult for us to resolve this issue"Wind industry convinced of breakthrough in US offshore wind SAL Heavy Lift reorganizing in Hamburg HSH Nordbank worried about Chinese-financed newbuild boom Captain deemed responsible in El Faro wreck CMA CGM acquires regional carrier DNV GL books half-year deficit Royal Arctic Line looking to save DKK 70 million annually Seaspan to raise USD 80 million Norwegian taxpayers could be left with Seadrill debt Maersk: Scrubbers are costly and allow for cheating OPEC oil output climbed in September as Libya, Nigeria recover Oaktree projects more consolidation in tanker Greek container carriers plan merger ECSA picks Dutchman as its new Secretary General Port of Rotterdam raises discount for green vessels Shipowner sets new target: We want to buy 100 feeder vessels One container alliance in particular is under pressure Pioneer Marine places its dry bulk vessels under Baltnav Container newbuilds already meet eco requirements "There are several risks and pitfalls surrounding scrubber technology"Rolls-Royce and Google Cloud to collaborate on autonomous vessels Suppliers puzzled by Maersk's scrubber criticism New restructuring on the way in Norway's drilling market Solstad Farstad sells more vessels Clipper Bulk shuts down five offices Shipping and offshore have raised billions of dollars in Oslo Offshore wind encourages Americans to build their own installation vessels Nordic maritime arbitration faces fierce competition Analysts project significant oil price fluctuations Banks: Ship finance has been changed for ever South Africa clears Maersk's purchase of Hamburg Süd Klaveness says no thanks to scrubbers after test Keppel secures large order from SBM Offshore GC Rieber is waiting for the chance to expand APM Terminals pulls out of Port of Tacoma in the US Vitol CEO sees global oil demand peaking in 10 years DSV's new cyber policeman has carte blanche to catch hackers BP expands LNG fleet with six vessels Maersk Supply Service appoints new CFO Borr Drilling and Schlumberger sign new partnership Diana Containerships to sell seven vessels Maersk says it is not being political about sulfur approach Last week's top picks on ShippingWatch US oil sector reopens after Hurricane Nate Borr Drilling invests USD 1.3 billion in new rigs Singapore aims to be hub for companies seeking debt reconstruction Clipper has sold 16 vessels as part of credit deal Fewer floating oil storages off Singapore Stolt-Nielsen: At least one year until chemical tanker recovers This is how Clipper will man the new global hubs Denmark backs tighter requirements for large container vessels Media: South Korean yards cut costs and improve results Statoil disappointed by Barents Sea drilling SeaIntel projects massive overcapacity Norden's head of dry cargo targets growth with new venture Weak drilling industry keeps numbers to itself Vestager: Strong competition in the container sector Broker: Borr Drilling pays excessive price for rigs MAN Diesel & Turbo will spend millions of euros on LNG Suppliers: Only 500 ships are equipped with scrubbers EU foreign affairs chief dragged into case concerning North Korean workers South Korea's shipbuilding sector has axed 35,000 jobs UN bans ships from ports after calling in North Korea Trading agency Gunvor plans acquisitions in shipping Maersk Drilling wins another contract for same rig in one week Carnegie: Strong rate developments have ended Sale of Maersk Tankers to Maersk family now completed Dry bulk merger G2 Ocean hunting for new cargoes Container carriers far from new digital future Russia plans direct shipping route to Syria Dry bulk recovery could continue into 2018 Norway proposes fuel ban to prevent sulfur cheating VDR President: New growth bodes well for shipping Another bunker supplier leaves Singapore South Korean shipbuilders close in on Chinese competitors Subsea 7 rumored to be in sales talks with Baker Hughes These are some of Seadrill's major bondholders Maersk still noting consequences of cyber attack "Tonnage tax should be used only as intended"Study: Shipowners unsure about approach to sulfur directive CMA CGM establishes incubator for start-ups European Shipowners welcome new president Hyundai Merchant CEO lists four downsides to scrubbers HSH Nordbank nearing a sale Maersk shares remain low despite positive news Pacific Basin significantly boosts earnings in Q3 Zacho tackles tough second year with J. Lauritzen Maersk Drilling has two contracts extended in the North Sea OPEC is said to see oil inventory glut finally gone in one year Things are coming together for Baltnav EU closes doors to North Korean yard workers German bunker company: Sulfur regulations will spark consolidation New fund raises millions for shipping and offshore Tanker carriers hit rock bottom before impending recovery This week's top stories on ShippingWatch Maersk has now scrapped six ships in India Kuehne + Nagel significantly increases revenue Trump still threatening to withdraw US from nuclear accord Hamburg Süd to dismiss over 100 employees Another bulk vessel wrecks with hazardous cargo US oil sends VLCC rates skyrocketing Vitol warns against uncertainties in sulfur regulations Shippers make demands on EU's alliance acceptance Investigators to arrest five people after fatal yard explosion Fuel now a smaller item in container carrier budgets EU tightens sanctions against North Korea again Golden Ocean to raise USD 100 million for vessels Tidewater hunting for new CEO Wilhelmsen goes against the flow with Norsea acquisition Rivals fear Maersk supremacy in new digital era DNV GL transitions from paper to digital Wood Mackenzie: Oil thirst will peak by 2030 Bulk recovery faster and stronger than expected Frequency of pirate attacks still declining, but...Maersk vessels sailed under black-listed flag for final journey Shippers: A milestone for container customers in Asia New report: Oil companies have lost USD billions on Asian platforms New design, bigger team, same high quality Significant growth in container volumes in 2017 Wärtsilä's Chinese venture pays off Rio, ex-CEO face fraud charges on USD 3.7 billion coal calamity Norwegian shipping investor debuts in dry bulk New maritime ownership prompts Gorrissen Federspiel to build strength International OW investors carry out lawsuit threat Clipper sailing at rates that incite fresh optimism Tanker carriers peer into fourth quarter recovery NGOs' solution to climate problem: Sail slower MSC gets discount on record-large ships Vitol concerned about Iraqi-Kurdistan conflict German banks trapped with expensive ship contracts Panalpina grows sales Only few unemployed gas vessels in the Atlantic Port of Oslo accused of social dumping New climate battle to take off at the IMO next week Bangladesh was preferred shipbreaking nation for carriers in Q3 Bulk shares have surged in 2017 More containers are flowing through Port of Rotterdam Statoil enters contracts despite lack of approval for development The extensive Monjasa fraud case to begin Monday Odfjell nets millions from oil terminal sale Aker Solutions: Oil service is still challenged This week's top stories from ShippingWatch Diamond S pulls 18 vessels out of Norden's tanker pool Schlumberger hits the mark in Q3 Powerful shipping lobby accused of undermining CO2 reductions Jefferies: Maersk Line is pulling up Q3 for the group South Korea launches first phase of HMM's billion-dollar capital injection Maersk backs fuel ban in sulfur debate UK brokerage firm lost earnings and revenue Halliburton disappoints on bottom line in third quarter Norwegian carriers investing big in bulk Shipping industry: We actively work for the environment Scorpio Bulkers believes in sustainable rates Morgan Stanley: These carriers will book bulk industry's first profits North America's container import booming this year Aker BP buys Hess Norway for USD 2 billion Iraq adds oil-export facility to offset output drop in Kurd feud DP World beat expectations in third quarter Defense calls on new witnesses in Monjasa case Media: No one wants to buy Fredriksen's Seadrill Container vessel crew kidnapped off the coast of Nigeria One in ten vessels violates sulfur rules in Swedish and Danish waters Acquisition-hungry Aker BP open to larger stake in Sverdrup Multiple equity funds in play to buy ailing shipping bank Container shipowners have lost billions of dollars Prosecutor wants tougher verdict for Monjasa Suppliers grow orders in weak shipping market Intercargo calls for extreme caution in relation to high-risk cargo DFDS on scrubbers: One should be careful with giving others advice Port of Antwerp grows across most cargo segments in 2017 New owners in the North Sea will put pressure on costs Røkke's Akastor in offshore deal with Mitsui First shipbreaker in Bangladesh is approved Schlumberger to "revolutionize the rig market" with Borr investment Statoil books adjusted operating result of USD 2.3 billion DSV raises full-year forecast yet again Nordea boosts results from shipping and offshore Maersk: Market for cyber insurance is unripe Brazil's Vale quadruples net profit DSV replaces 3000 employees and is looking to hire more Trident on sulfur cheating: There must be consequences – unlike today InfluenceMap presents its most powerful evidence against IMO Researchers to study impact of port labor conflict i Gothenburg Siem Offshore losing optimism for offshore DNB eyes better prospects for shipping and offshore UN report warns of risks related to container alliances Lawyer in OW Bunker case fined for conflict of interest Maersk impaired Ardent investment after tough year Kvaerner delivers Q3 result in line with last quarter Another ballast water supplier secures key US approval World Fuel Services saw earnings dip in the third quarter Chinese players no longer in the running for HSH Nordbank Semco projects low oil and gas activity in 2018 Last week's top stories from ShippingWatch Key figures in Endofa case allegedly owners of controversial oil trader Shipping still a way off from final CO2 target Crucial HSH Nordbank sales talks now begin after numerous bids Aker BP doubles result in the third quarter New MPP behemoth created in all-time low market Rising number of new orders at Chinese yards Maersk Supply takes delivery of first offshore ship from China Statoil invests in one of the world's largest oil discoveries More than 100 distressed MPP vessels redistributed by banks Drewry concerned about carriers' hesitance to suspend services Cosco Shipping raises funds for 20 container ships (corrected)Here is the road map for the IMO's climate deal Ardent makes entrance into offshore after oil crisis Euronav hit by lowest rates in four years The day Wärtsilä's billion-dollar market disappeared Commercial vessels involved in 101 rescues in the Mediterranean BP enjoys major upstream success Japanese container carriers beat expectations and upgrade forecasts EU Commission eyes clear advantages in fuel ban Shipowner Danaos eyes no improvements in 2018 HSH Nordbank's bondholders make new offer Danish start-up Portchain tackling one of container's biggest challenges Bunker supplier Aegean Marine exits Singapore Seaspan appoints new CEO Euronav: Older tanker vessels will come under pressure Half the world's newbuilds have yet to be delivered this year Hard-pressed OMT implements staff reduction Cosco headed to the top behind Maersk Line and MSC Singapore yard sees signs of improvement in drilling market New head of ECSA to break away from bad reputation in Brussels Maersk Line declining on schedule reliability Rising operating costs landed Ardmore in the red Ørsted increases profit after divestment of oil and gas business Rig major Transocean books major Q3 loss More than 100 bulk vessels with coal lined up in China Oil output threatened as Norway explorers neglect North Sea Shell raises profit and brings down debt New bunker documentation rules could simplify sulfur monitoring Hafnia Tankers sells first vessel in a leasing arrangement Impairment drags Genco further down One in three workers has been let go from OMT Prosafe forced to book major rig impairment Correction: Bunker companies leaving Singapore Maersk Container Industry appoints new CEO Eagle Bulk sees progress despite deficit Oil traders set sights on seas as diesel renaissance is born Cosco Shipping returns to black in Q3 Unknown bunker company could play key role in Monjasa trial New oil company to spend NOK 20 billion on Norwegian Shelf Statoil has pushed down costs by two thirds Prosafe has slashed onshore workforce in half Low gas rates keep Dorian LPG down A single unknown number will form Maersk's Q3 report Analyst: Oil market at its most solid since before collapse This week's top stories on ShippingWatch Ross's Stake in Putin-linked shipping firm raises ethics concern Most of the world's container tonnage has moved to tax havens New railroad for container transport from China to Finland Tanker carriers could be hit by oil peak earlier than expected DP World boosts strength in Africa ICS describes critical IMO report as "nonsense"Tanker fleet is not growing as much as feared Glencore's role in Paradise Papers: What you need to know Conflict triggers worst-ever container result for Port of Gothenburg Dry bulk industry only halfway through the crisis Weak rates slash Nordic American Tankers' top line in half Scorpio Bulkers buys four ships Cyber attack hurts Maersk Line's full-year results Ross says he'll "probably" sell stake in Putin-linked company APM Terminals hit by massive impairments again Key witness in Monjasa case absent at appeal Maersk expects solution for Drilling within next year Two investors emerge to offer new solution for Seadrill Another bunker supplier loses license in Singapore Bimco responds to criticism from InfluenceMap "We believe we can do a better job than we did in the third quarter"Finnlines boosts growth and is on track for new record result Ross sells stake in shipping firm not tied to recent criticism Reefer specialist Seatrade kicks off costly fleet renewal Dwindling orders drag down Samsung Heavy's third quarter Container capacity set to soar in fourth quarter Wilhelmsen Logistics grew on ocean freight in Q3 China provisionally approves Maersk Line's acquisition of Hamburg Süd Daewoo maintains 2017 trend with another profit in Q3 2018 set to be another tough year for Maersk Line and competitors Nordea: Calm period for oil could be over Monjasa takes vessel on time charter for West Africa operations Norden's bulk business profitable again Media: Norwegian suppliers see market bottoming out Banks could push shipping toward climate targets Monjasa presents its own investigation in appeal case Commerzbank has ditched shipping loans totaling EUR 1.5 billion Odfjell books third quarter deficit Avance Gas strained by fleet growth and weak US exports Canada's Teekay Tankers projects better rates in 2018 EU leaves CO2 regulation to IMO ahead of 2023 Norden CEO: This result marks a significant shift for Norden WSC: Criticism of shipping's climate approach overlooks crucial detail Hyundai Merchant improves bottom line in Q3 Concordia Maritime in new deficit: Things will be better in 3-6 months Solstad Farstad starts off with huge loss NGO criticizes Pakistan: Has learned nothing from fatal accidents last year Statoil first to perform Norwegian oil drilling remotely Drewry: Cosco threatens Maersk Line's ambitions for 2018 Monjasa's fraud-convicted founder is fighting for acquittal Boskalis hit by tough market in the third quarter Monjasa case, Maersk and CO2 among this week's top stories on ShippingWatch Noble Group is said to lose key bank prop as DBS cuts loans DSME sells shipyard to Dutch Damen Jefferies: Maersk Drilling the most interesting acquisition candidate "It makes sense that there are more and bigger players emerging"Lauritzen Kosan changes crew management for 26 gas vessels OPEC head says oil cuts 'only viable option' to stabilize market Maersk will push for action in climate debate Former Maersk CEO new chairman of Unifeeder Pacific Drilling files for Chapter 11 Danish government empowers offshore and shipping sector DFDS soars on European recovery Former Monjasa executive lashes out at key witness New IEA report calls off imminent oil demand peak Tanker carrier DHT beat expectations Odfjell and Sinochem to operate new pool with 8 newbuildings Bunker Holding launches new company for major customers Nordic countries looking to take the lead in autonomous vessels Analyst: Climate regulations for shipping will impact oil output Yang Ming grew in the third quarter Analyst firm: It will be tough to find a buyer for Pacific Drilling's ships Hapag-Lloyd third quarter result rises sharply Container market notes biggest growth in six years Torm books minor deficit in the third quarter Torm files for listing on Nasdaq in New York Team Tankers' deficit grew in Q3 How Noble Group's possible debt restructuring could play out Prosecutor followed paper trail in case against Monjasa US authorities fine Statoil for index manipulation Port of Hamburg reports surge in throughput 60 dollar oil price triggers shimmer of hope at DOF Evergreen exits third consecutive profitable quarter Maersk Oil given eight injunctions for 450 tons of radioactive waste Court orders USD 1.9 billion in compensation for oil catastrophe Emanuele Grimaldi: More growth at Finnlines after record profit Teekay establishes gas pool and withdraws from Norwegian partnership Monjasa's defense criticizes evidence: It's deception Greek bunker company dragged down by shipping and extreme weather Höegh LNG weighed down by non-recurring items Maersk's acquisition of Hamburg Süd intensifies battle for market shares Hapag-Lloyd turning away from scrubbers as sulfur cap solution Maersk Drilling secures new five-year contract in Norway Scorpio Tankers hit with big loss in the third quarter See Maersk's first autonomous ship in action Bunker company charged with defrauding customers for millions of dollars Hafnia Tankers books another deficit in tough market Maersk Chairman declares war on Big Tech Lauritzen CEO: On the right track, but it will take time EU has no overview of North Korean forced labor Monjasa's fate in fraud case will be decided Monday These are Norway's oil investments This week's top stories on ShippingWatch Giant vessels pouring into the Port of Hamburg Maersk Line's acquisition of Hamburg Süd weakened by authorities Germany's top banks increase efforts to offload shipping loans Star Bulk slashes deficit by more than USD 30 million Swire Blue Ocean CEO steps down Diana Containerships reduces deficit Siem Offshore turns to banks for help "Small IPOs are dying out, and that's good"Container freight rates remain sluggish Monjasa and founder Jacobsen cleared in fraud case Svitzer still exploring the benefits of autonomous sailing Weak tanker rates could continue into 2018 Maersk Drilling forms alliance with Aker BP and Halliburton ICS criticizes shipbuilding subsidies Monjasa founder dug out crucial evidence to secure acquittal Golden Ocean reports small profit for Q3 Maersk Line expands customer trade finance to next level BP sells UK North Sea field Evergas to ship gas on world's largest ethane tanker Navig8's Chemical Tankers went red in weak market Hapag-Lloyd buys 3,700 containers from Maersk Iraq's oil exports near record levels before decisive OPEC meeting Deficit grows at Topaz – but brighter days are coming DNB charts companies with debt problems Nordic Shipholding lowers guidance again Maersk Supply Service may face police charges in shipwreck case Frontline hit by weakest tanker market in four years Transocean bags large contract on Norwegian gas field Marine insurer Lavaretus hit by mass resignation at Copenhagen office Wintershall to invest NOK 20 billion on Norwegian Shelf Borr Drilling expects better rig market in 2018 Eimskip's revenue skyrockets in 2017 Atlantic Petroleum nominates new CEO Welltec could take a beating from ratings agencies Torm and Ardmore: Oil peak will arrive late Deutsche Bank: Sulfur directive could change shipping BW LPG reduced its deficit Confusion at Lavaretus after mass resignation of Copenhagen staff Drewry: Busy ports indicate improved container markets Fredriksen's Ship Finance impacted by tough tanker market for Frontline Container market uncertainty puts pressure on share prices Seadrill shelled out huge sums on legal fees ahead of bankruptcy Media: Maersk wants 20 pct of the Indian market China's Shanghai port zone tests Xi on easing Yuan controls Noble Group risks equity wipeout as shares retreat yet again Law firm forced to withdraw from OW case BW Offshore scales back new investments "The shipping industry could be entirely reshaped within the next five to ten years"Welltec founder weighs relocation to Switzerland in tax maneuver CEO transformed new player in marine insurance Prosecutor describes case against Monjasa as "unusual"Offen predicts drama in German shipping: Only 20-40 companies will survive DVB Bank's head of shipping steps down This week's top picks on ShippingWatch Danish prime minister heads to Singapore with maritime agenda Next generation to take over CMA CGM chairmanship after Q3 Russian gas pipeline could threaten shipping Total sells oil field in the North Sea for USD 1.45 billion MPC Container Ships buys new ships for USD 130 million Zim carried record volumes in the third quarter Danish Ship Finance: What shipping will look like from 2018 and on Kristian Siem rejects financial crisis at his offshore carrier Maersk Line and MSC pull reliability in opposite directions Drewry eyes "relentlessly positive" trend for container in 2017 Marine insurer opens Netherlands office after Brexit Maersk Line will close acquisition of Hamburg Süd this week DOF to issue shares worth millions to survive ahead to 2022 A.P. Moeller-Maersk expands its Executive Board Statoil anticipates mega investment in renewables EU proposal to weed out unwanted Chinese acquisitions IMO: Many signs indicate sufficient low sulfur fuel by 2020 Shell accused of complicity in murder and terror US maximizes pressure on OPEC Norwegian oil fund elaborates on decision to sell out of oil Rolls-Royce in talks to divest part of its maritime business Seatrade and CMA CGM change reefer partnership Euronav: Oil peak cuts the edge of tankers' lifespan Declining container rates pressure Maersk's business plan ExxonMobil's billion-dollar investment in clean fuels to start next year Jeremy Nixon: ONE must find its place among the mega-carriers Clarksons hit by cyber attack and fears data leak HSH Nordbank still struggling with shipping portfolio Struggling Noble will sell four ships EU Commission clears sale of Maersk Oil to Total Siem companies give up on deal with cable business Scorpio Tankers to issue 30 million new shares Norway's Saga Tankers went red in the third quarter Søren Skou: It will take 3-5 years to build the Maersk we want Maersk Line's schedule reliability improved in October "Complicated" debt talks delay Viking Supply's Q3 report again ICS working toward 2060 as shipping's climate deadline Big deficit drags Atlantic Petroleum's equity further down MPC Container Ships' business up and running OPEC agrees to extend production cap throughout 2018 Former employee of Fredriksen companies reported for disloyalty Bunker consultant: One in three carriers will not comply with sulfur rules in 2020 Major Norwegian stakeholder to exit Norden Torm will be listed in the US on December 11 "We have a serious problem if utilization stays like this"Clarksons refused to pay ransom to hackers Rasmussengruppen sells stake in Norden: Bulk carriers give bad returns Maersk and partners approve billion-euro plan for Tyra I.M Skaugen prepares new claim against MAN in fraud case "If you haven't bought a scrubber, do so now"Former Rickmers Maritime CEO hired by Greek carrier Last week's top stories on ShippingWatch Here are the oil companies' predictions for fuel consumption after 2020 Maersk will reflag Hamburg Süd's fleet to Singapore and Denmark Norden boosts presence on North American West Coast Media: BW Dry Cargo has ordered eight newbuilds CMA CGM sells majority stake in US port Habben Jansen expects no more mergers and acquisitions Grimaldi urges shipping to be cautious about CO2 pledges Tankers drag down Stena AB India preparing to ratify to Hong Kong Convention Hamburg Süd CEO after Maersk sale: Hamburg is still a maritime hub Statoil pulls out of Myanmar China's appetite for iron ore sends bulk rates soaring Statoil submits NOK 49 billion plan on this year's biggest oil field US Coast Guard has to "educate" confused shipowners on ballast water APM Terminals CEO ready to divest loss-making ports How DSV breathed new life into US acquisition CMA CGM and Total sign LNG deal for mega-vessels Media: HSH Nordbank could be sold for close to EUR 200 million Japan's MOL eyes significant growth for controversial cargo EU stamps top flag states as tax shelters Major carriers take larger piece of the US market pie Samsung Heavy has record plunge on share sale and loss forecast Fitch: Bleak prospects for shipping in 2018 Shipowners support global ban in war against sulfur cheating Terminal operators look toward Brazil Offshore jobs return to the North Sea after downturn Thorco Projects creates new unit for project and bulk cargo Maersk Line gets Latin America as single biggest tradelane Scrap-worker sues European carrier after shipbreaking accident Brexit spurs yet another marine insurer to open new office Critical US port deal could be on the cards Daewoo wins big order from unnamed customer Color Line's owner considers public listing Crowley Maritime reorganizes its business Statoil confirms Castberg order to Singapore yard Magic number for a new shale surge: USD 60 a barrel, JP Morgan says New Norwegian shipping bank expects another capital increase Dockworkers oppose fully automated terminals in the US Danske Bank: Stena facing tough 2018 Media: China eyes investment in another Greek port Prosafe delays hotel vessels yet again Two people injured in serious accident on Maersk rig in Norway BASF and Russia's LetterOne merge oil and gas activities Norway opens new test-bed for autonomous vessels The EU and the UK agree on Brexit deal Noble faces key deadlines as default threat looms Former Hanjin chairwoman convicted of share sale prior to collapse Maersk Drilling employee dead after rig accident in Norway Bimco's chief executive gets another five years at the helm One word has reduced the number of bribery cases in the Suez Canal Hapag-Lloyd to invest in reefer again Oldendorff's fleet has grown by close to 100 ships in five years This week's top stories on ShippingWatch Maersk sees falling freight rates in bearish sign for trade Rating bureau maintains Maersk on the verge of downgrade The solution to one shipping climate challenge could exacerbate another China opens the world's largest automated container terminal Postponed container orders make 2018 look problematic New shipping fund buys first container ships Aker BP awards contracts to Aker Solutions and Subsea 7 Norwegian shipping boss to become UN maritime advisor Norwegian safety authority investigates fatal accident on Maersk rig Asian ports offer shippers the most connectivity MPC Container Ships spends millions of dollars on German feeder vessels Røkke's son changes position in Aker empire Euronav hires IT systems supplier to manage its fleet Bulk vessel suspected of breaching North Korea sanctions Concordia Maritime in new fleet expansion Trafigura CEO: Continued oversupply on the oil market PSA sees significant container industry challenges in the years ahead Maersk and Statoil support Michael Bloomberg's climate recommendations ExxonMobil to report impact of climate change on business Viking Supply Ships secures long awaited support for restructuring T.K.B. Shipping moves on from OW dispute with return to profit Container rates down across the board to new low Lloyd Fonds CEO to step down prematurely due to disagreements Media: DVB sale getting closer Aker Solutions lands major contract from Maersk Drilling Trafigura wins case after accusations of bunker fraud Bunker prices in Singapore driven up by strict monitoring of suppliers Overconfident captain and outdated vessel caused El Faro shipwreck Maersk Line withdraws from Transpacific Stabilization Agreement Norwegian oil industry warns of investment decline in three years Taiwan state boosts its stake in Yang Ming Nordic American Tankers dives on the stock exchange HMM plans to transport containers from China to Europe by train When Rindbo handed responsibility back to the employees Shell investigating alleged corruption at chartering office New presidency takes over at ECSA Statoil awards oil contracts worth billions Mærsk-owned shipping fund ready for more vessel acquisitions in 2018 Crude is now the most important product in tanker Moody's anticipates more acquisitions in the container sector Germany's Herz family exits DNV GL after four years Singapore injects millions of dollars in LNG bunkering Media: The price of Seadrill's rescue goes up again Wood Mackenzie: Oil and gas companies to start 2018 in good shape Shipowners describe the EU's maritime year as a dud Goldman says Big Oil is poised for its best year in decades Standard & Poor's upgrades Hapag-Lloyd's rating outlook Simpson Spence Young acquires Bidsted & Co Swedish shipowners want 400 ships flagged in Sweden by 2027 Maersk will now be printing spare parts on board its vessels Skuld delivers a significantly improved bottom line New container alliances trigger job boom in Wilhelmshaven Last week's top stories on ShippingWatch Statoil buys stake in Brazilian oil field for USD 2.9 billion Seadrill presents new business plan Viking Supply Ships' slump continued in Q3 New Clipper deal doubles business at Dania Ship Management MSC to increase capacity of 11 vessels at Chinese yard Danish Ship Finance hires new VP from Nordea Thorco Projects expands with two new offices SSY after Danish acquisition: "Hopefully 2+2=5"Aker BP awards major contract to Kvaerner China could introduce mass flow meters Wintershall launches production on Norwegian field earlier than expected Medium-sized shipbrokers could be strained in the coming years Noble Group's loan deadline looms amid restructuring talks Sweden to issue long-awaited environmental fines next year Panalpina buys two companies New Norwegian oil projects will create 100,000 new man-years MAN consolidates high speed engine production in Denmark Analyst: More carriers should do as MSC and retrofit their ships Frontline hopes for better tanker market in late 2018 Solstad Farstad eyes even bigger potential savings Hamburg-based companies fined millions for cartel arrangement Swedish shipowners: Fines for sulfur violators three years late Analyst: Maersk Line loses key route after Hamburg Süd purchase Maersk has financed more than 100 customers in India Maersk Drilling bags extension of Total contract The US calls for blacklist of ships breaching North Korea sanctions Two new billion dollar plans for the Norwegian shelf Authorities postpone key decision on sunken Maersk vessels South Korea's SM Line seeks partnership with Hyundai Merchant Yang Ming to renew its fleet with upwards of 20 vessels Maersk's Russian port company gets new co-owner Euronav rumored to be close to major tanker merger Euronav and Gener8 Maritime create world's biggest VLCC carrier Billion-dollar fund to finance mega-vessels for Hyundai Which fuel types will ships use in 2050?Financial police enters case of detained ship headed for beaching Statoil to invest more than EUR 1 bln to vastly extend lifespan of Norwegian field Shell and Eni to face court in Nigerian corruption case Rolls-Royce and MOL in new partnership for autonomous vessels Massive tanker merger could trigger bidding war Struggling Noble Group's gets gets loan extension Malta gets EU approval for tonnage tax – rigs not included The breakup in German shipping could challenge smaller shipowners Euronav CEO downplays importance of tanker merger Greece's two biggest ports are now privately owned APM Terminals to expand Alabama container facilities Norway's GC Rieber gets a financial respite for the next three years Hemmingsen is halfway through a crucial mission Professor: KG scheme could make comeback in German shipping Merry Christmas from ShippingWatch This week's top stories on ShippingWatch Media: DSME changes strategy and downscales offshore Hong Kong set to lose spot among top 5 container ports in 2018 Oil price rises in the wake of Libyan pipeline explosion Keppel Offshore & Marine fined millions of US dollars for corruption New merged container player projects massive savings Bulk rates soared in 2017 thanks to China This is where the jobs disappeared in shipping and offshore in 2017 China's ship financing skyrockets German company underway with new investment fund in shipping Consolidation among container carriers will set new record in 2018 South Korean yard to build ten ships for Iran's merchant fleet Chinese tankers suspected of selling oil to North Korea Chinese execs top the list of shipping powerhouses Norway has issued huge fines to four sulfur violators Five oil signals to watch as 2018 pits OPEC against US shale Struggling UK oil company extracts first oil from North Sea field Professor: Battery-operated merchant vessels no more than a decade away Norwegian offshore shipowner lashes out at Røkke Fertilizer producer was among this year's front-runners in shipping Two carriers could shake up the container market in 2018 Chinese port exceeds a billion tons of cargo Trump warns China over ship-to-ship fuel sales to North Korea Chinese bank orders five ultra-large bulk vessels SCFI Index jumps by two digits in the last week of 2017 Optimistic bulk carriers went shopping in 2017 Media: Iran's tanker carrier signed over 200 charter deals in two years Departing head of Norwegian shipowners: Offshore refinancing will continue Oil resurrection sets stage for another OPEC shale clash in 2018 Major South Korean shipbuilder exceeds target for 2017 Banks foresee more expensive oil next year – but a turnaround late in 2018 Two tankers seized in South Korea South Korea's shipbuilders project a surge in orders in 2018 MAN Diesel & Turbo hit by maritime crisis Huge fine to Keppel yard is a new record for a Singapore company UK oil companies show strong optimism for 2018 Oil price climbs after turmoil in Iran Partners sell Crystal Nordic to German operator Natural gas supplier eyes rise in LNG orders Carriers generated more equity capital in 2017 Swedish carrier risks fine for breaching Danish immigration law Trafigura denies involvement in illicit North Korea oil transfer P&O Ferries transports record freight volumes on the English Channel New charges against eight executives in Petrobras case Maersk Broker has doubled its dry bulk organization Shipowners ordered far more container vessels in 2017 Hyundai Merchant CEO: This is how we double the fleet in 2022 Surprising growth forecast suggests recovery in Norway's oil capital CEO defends Nordic Tankers' divestment in weak market Shanghai's container port broke record last year CEO foresees tough year for Hyundai Heavy Industries Petrobras enters billion-dollar settlement in US case Clarksons: Turning point ahead for tanker after slow end to 2017 DFDS chief exec vs hackers: "It will happen some day"Trump said to seek biggest offshore drilling increase in decades Why Singapore's monitoring of bunker suppliers is working Essberger to move Crystal Nordic from Copenhagen to Hamburg CEO: Japanese merger will be turning point for MOL Broker: New LNG vessels threaten growth in coming years Maersk Drilling gets criticism after fatal accident Cargill earned less money – but the carrier made gains Seaspan gets new shareholder and partner The first Global Maritime Forum to be held in Hong Kong Taiwanese trader suspected of selling oil to North Korea Ramboll merges oil and gas with renewables 500 dry bulk vessels waiting to offload at Asian ports Law firm: Chinese major will dominate terminals in a few years Executives leave Danish bunker company Endofa North Korea keeps sneaking in oil with secret ship transfers Shipbuilders foresee tougher times and lower their forecasts Scorpio appoints Dencker Nielsen as new commercial director This week's top picks on ShippingWatch Bromance to break-up: 4 ways the OPEC deal could end early Tanker in flames after collision while crew is missing and one is confirmed killed Esvagt looks to expand fleet after large capital injection Nor-Shipping launches first conference outside of Norway Western Bulk Chartering CEO expects a black bottom line Endofa closes headquarters and winds down activities Terminal giant expects double-digit growth for 2017 Bunker suppliers to pay for carriers' scrubbers Top analysts nominate the best shipping and oil assets in 2018 UK fund takes large debt item off hands of HSH Nordbank Media: OW Bunker investors seek to combine lawsuits Saudi Arabia and Korea's HHI team up to build major shipyard Jefferies expects Maersk result to double in 2018 Tanker still ablaze on third day Maritime lawyers advise against relying on UK jurisdiction Schulte Group buys LNG player OPEC's oil cuts claim a victim as supertanker earnings tumble Skuld insures both vessels in tanker collision Shell victim of extensive oil theft in Singapore Top iron ore port ships half billion tons as bears call time Carriers postpone ultra-large newbuilds until 2019 More mega-ships are a big problem for cargo carriers Sanchi could burn for a month Major port stakeholders discuss alliance options Consultants name the five most important themes in the North Sea in 2018 Teekay and Wärtsilä halve CO2 emissions with new vessel Major bank supports LNG for green shipping Number of pirate attacks hit lowest level in 22 years Oil price poised to break through new surprising price ceiling Cosco establishes shipping fund with Chinese partner Parts of burning tanker vessel have exploded Solstad Farstad to lay off fewer people than expected "You could end up chasing a ghost"China eating into Japanese shipbuilding dominance New York sues five oil companies over climate change Concordia Maritime charters more vessels again CMA CGM's chief operations officer has stepped down German bank places bid on Rickmers Holding HMM denies plans to partner with competitor Bourbon Offshore to digitalize its vessels Hempel loses chief financial officer Media: CMA CGM on the verge of ordering new ships again Burning tanker Sanchi has drifted into Japanese waters China sets new records for gobbling up the world's commodities Several states oppose Trump's drilling license sales South Korean fund to support construction of 200 new ships Wilhelmsen Ship Management relocating to Singapore China's huge air pollution problems could benefit gas carriers Nicklas Fursund could represent the shipping man of 2030 Hamburg Süd hires new communications chief Burning tanker vessel sinks after a week: No Survivors Evergreen to order 20 new container ships Samskip looking for new acquisitions after top-line growth in 2017 Singapore in new bunker oil sales record Next six months will be "terrible" for crude tanker market Samskip expects "healthy returns" from Norwegian acquisition within a few years Singapore's new maritime plan aims to create thousands of jobs Chinese yard giant comes down hard on corruption EU investigating Poland for illegal state subsidies to yards Bunker Holding brings in Endofa employees to newly established company Oil spill at sea from burned ship off China spreads 'noticeably' Norden raises profit guidance for 2017 Singapore's terminal group PSA grows almost 10 percent Mads Zacho foresees double-digit number of vessels under Danish flag Fredriksen orders series of bulk vessels via private company Drewry: Plenty of opportunities for new container mergers Shell to redevelop Penguins field in the North Sea Shipowners support blacklisting of carriers for beaching International pension funds prepare Scandlines bid worth over GBP 1 billion Maersk and IBM to launch blockchain joint venture Container capacity grew most at Maersk Line in 2017 Turkey builds new channel to relieve the Bosporus Strait Why the Norwegian oil fund blacklisted carriers for beaching J. Lauritzen's senior VP for bulk steps down Norway awards record number of new oil licenses MAN Diesel & Turbo calls IMO its biggest frustration BP enters oil peak discussion: Focus seems "misplaced" Samskip forms new partnership with Brazilian reefer expert Shipbroker Howe Robinson completes first transactions at new Norway office APM Terminals invests USD 100 million in bulk terminal Rolls-Royce considers selling distressed maritime division Japanese container merger lands crucial approval New ECSA chairman on speed limit for ships: "It would work wonders"Why Maersk did not choose Copenhagen for new firm's HQ Port of Antwerp scores fifth record year in a row Aker Solutions is hiring again Norwegian offshore venture lands big project from oil companies Maersk Supply lands contracts for newly built vessels Danish Shipping: The challenge of sulfur cheating is real Lundin heralds losses on empty wells EU renews call on IMO to ban heavy fuel in the Arctic Nordic shipowners see multiple problems with speed limit French-Chinese port group chases acquisitions in Brazil Over 1000 women seafarers share sexual harassment experiences German oil companies throw billions of euros into Norwegian Shelf Authorities fear bunker leak from sunken tanker Chinese ships delivered goods to North Korea despite sanctions US oil giant exceeds expectations This week's top stories on ShippingWatch IEA sees 'explosive' growth in US oil output as prices rally Keppel weighs selling rigs to Borr Drilling Maersk chairman: Chinese expansion challenges Europe Evergreen puzzled by blacklisting of beaching Maersk and IBM's new partnership met with interest in the industry Keppel confirms talks with Borr Drilling for rig sale Maersk wants more ships under Danish flag Saudi minister calls for prolonged oil collaboration Nordic shipping banks foresee tough 2018 for tanker carriers Prosafe's vessels had less work in 2017 SeaIntel: The success of Maersk and IBM depends on industry participation OPEC, Russia signal global oil alliance may endure past 2018 US Coast Guard tightens procedures after El Faro shipwreck Maersk family rumored to be near acquisition of Maersk Drilling Torm to issue new shares with support from equity fund EU approves state aid for Croatian shipyard HMM sues former executives and chairman Nordea's loans to shipping and offshore reach "comfortable level"Hafnia Law: New Nordic arbitration tribunal offers powerful alternative to London Cosco Shipping now has full control of Belgian key port Meldgaard: New equity will enable us to join any consolidation discussion Bunker Holding buys Dutch supplier Halliburton optimistic about 2018 Media: Maersk looks to Norway in search of new Drilling partnership Product tanker in intense consolidation race Sanchi is the worst oil disaster since Deepwater Horizon Maersk's stake in Total has risen DKK 4 billion in value EU removes Panama from list of tax shelters Teekay to raise USD 200 million on stock exchange Professor questions several aspects of Maersk and IBM's blockchain project Farstad family steps down from board of Norwegian offshore giant Maersk's acquisition of Hamburg Süd triggers significant rate turbulence Rig companies seek out new partners in weak market Maersk: It is crucial that all players embrace IT platform Clarksons Platou: Euronav beat expectations Maersk Drilling lays off 84 US employees Nordea: Moderate developments in shipping and offshore Stena Bulk CEO: 2018 is a lost year for crude oil Breaching global sulfur regulations could cost insurance Endofa could be stuck with million dollar claim in Dubai Container carrier forum TSA to be wound down Corruption case drags down Keppel's 2017 results significantly Shipping and offshore raise less external capital Farstad wants to leave offshore merger and change the venture's name "We've achieved a lot with our acquisition of Nordic Tankers"Maersk had to reinstall 45,000 new computers after hacker attack Noble Group strikes restructure deal with lenders Rates on reefers rose continuously the past 12 months Stena hoping for delayed sulfur regulation The Norwegian state withdraws from Solstad Farstad Maersk Line and CMA CGM are customers of ambitious new shipowner ECSA chairman encourages EU countries to protect shipping OOCL reveals growth in 2017 Denmark to name sulfur cheaters Last week's top stories on ShippingWatch Cosco injects USD 620 million into major Greek port "Insurance covers much of the maintenance shipowners should pay"China could reject up to five million containers of waste material Tor Olav Trøim's dry bulk carrier orders more ships Norway's oil fund expands monitoring of shipping sector Extent of sexual harassment on Norwegian vessels unknown Hedge funds are betting big on oil Trident Alliance warns against exposing all sulfur sinners Norwegian towns preparing for Chinese Silk Road in the Arctic Chinese investors own 10 percent of Europe's ports Top Norway fund manager is betting on rigs for 200 percent return Pressure on Norwegian offshore continues throughout 2018 despite higher oil price Axel C. Eitzen takes over Herning Shipping No. 2 OPEC producer loosens oil shackles for premium prices Is there a tech bubble ahead for shipping?Alfa Laval ended 2017 with more shipping orders Hapag-Lloyd sends seven vessels to be scrapped in China and Turkey Media: APM Terminals ready to sell port stakes Cosco Shipping heralds major growth Eitzen is synonymous with the peaks and pits in Nordic Shipping Concordia's annual report is proof of horrible 2017 for product tanker Chevron and Total make large oil discovery Wärtsilä expects higher demand in 2018 Maersk Line and Hamburg Süd launch new services after merger Wärtsilä's CEO: We're looking for interesting acquisitions Axel Eitzen believes Herning Shipping will break even this year BP makes two new oil discoveries in the North Sea Startup to launch cryptocurrency for container Terminal giant and carrier launch different digital initiatives BW grows stake in Dorian LPG Disappointed investors to break up Aegean's board Maersk family fund to bid on African utility Former UASC executive takes over central role in Hapag-Lloyd Japanese container merger takes initial step Shell more than doubles earnings in 2017 Broad support for sulfur ban before crucial IMO meeting Group split and oil sale were harmful to the Maersk brand Damco hires new CFO from Maersk Supply Service DNB less squeezed by shipping and offshore Analyst firm warns against USD 100 billion challenge in Asian offshore Peter Döhle and Greek Costamare merge services of 220 ships Cash buyer criticizes blacklisting: "It's not realistic"Baltic Dry Index drops Handysize vessels Boston Consulting: Digitalization is now or never for carriers Danske Bank reduces impairments for shipping and offshore Fatal accident marks Aker BP's 2017 Cosco takes the throne in toxic project cargo market Bunker Holding's new venture launches with 79 employees Goldman says oil to surpass USD 80 with market likely balanced This week's top stories on ShippingWatch Exxon sees oil demand down 20 percent in 2040; or maybe it'll be up Neon sees Copenhagen acquisition as merely the first step Zeaborn strengthens container business with huge acquisition New head of Norwegian carriers wants shipping to take more climate responsibility Bimco: Insufficient sulfur resolution would weaken the IMO Key executive in APM Terminals leaves Maersk Major depletion of container reliability in 2017 Media: BW Pacific could be headed to the Oslo Stock Exchange Analysis: Europe responsible for future offshore wind Scorpio Bulkers reduces loss in improved market DP World reports record growth in container throughput DNB looking to offload shipping and oil loans totaling USD 10 billion Prosafe delivers fourth quarter profit Turkey's biggest shipper UN Ro-Ro is said to plan IPO this year IMO Secretary General on global sulfur rules: No turning back Another record year for offshore wind in 2017 Cosco executive shot dead in Pakistan Gibson: Crude tanker carriers off to miserable start in 2018 BP chief exec: One of the strongest years in recent history Tanker carrier DHT books full-year profit after tough H2 HMM enters multipurpose partnership with AAL Statoil presents strong 2017 results Cargill enters green partnerships with four NGOs Dry bulk carriers now ordering more ships Oil companies slash Sverdrup field costs to record-low Largest custom-built feeder vessels to date in the Baltic Pareto: Stock dive makes dry bulk and LPG carriers attractive Maersk has reached square one Container merger ONE expected to face calm transition phase Surging bunker prices starting to trouble carriers Ardmore: Low fleet growth sets the stage for product tanker recovery Aker Solutions bagged more orders in Q4 than usual DSV looking for new acquisitions in these areas DFDS now hit by Brexit Samsung Heavy bags huge order for container ships Statoil's CEO has one big problem Kvaerner reports improved bottom line Total has doubled its result in two years Oldendorff bought far more bunker in 2017 Major container carriers join forces in new consortia IMO to fast-track global sulfur ban Commerzbank ditched billions in shipping loans Western Bulk delivers profit after strong finish in 2017 Maersk Line reports USD 541 million profit for 2017 Coal industry warns Indonesia against new maritime law Presenting the first financial figures from Hamburg Süd APM Terminals hit by huge impairment for 2017 Higher oil price makes Bourbon CEO optimistic about the future Police are investigating Statoil after leak Here is an overview of Maersk's future core business Maersk Line needs to find the key to commercial growth APM Terminals suffers defeat in Guatemala port case Last week's top picks on ShippingWatch IMO supports global sulfur ban Chinese banks said to be interested in Germany's DVB Bank Røkke's Ocean Yield buys four super tankers Shipowners prepared to bring Russian shipping law before the EU Hyundai Merchant Marine preparing large-scale newbuild plan Hyundai Heavy Industries books major setback in 2017 Pension fund bought shares in two carriers and offloaded another Maersk Supply: Every third offshore vessel in the world is unemployed Debt-plagued Seadrill close to final restructuring plan Evergreen confirms major order for 12 newbuilds McKinsey: Shareholders lose big money on container carriers Prosecutor wants Maersk fined for using illegal labor World's largest investor not convinced by the Hong Kong convention Hyundai Merchant Marine's deficit deepened in 2017 Sverdrup partner targets even cheaper oil production Amazon threat has Maersk racing to stop clients becoming rivals Bourbon books huge loss on sale of 41 vessels Kvaerner wins huge Castberg contract Viking Supply Ships books operating loss on tough year Seatrade senior execs could face prison for illegal scrapping Is Maersk establishing a digital venture?Vestager expected to crack down on price cartels in car transport Investors urge shipping to improve its governance Swarm of new container ships makes order book soar WWL increases anti-trust provisions significantly US supertanker terminal set to export oil for first time Impairments dragged Epic Gas into the red in 2017 Prices on offshore vessels at rock bottom Scorpio Tankers' acquisition of Navig8 proved costly in 2017 Several European scrapping cases could break out Large chemical tankers will be squeezed in 2018 Odfjell views 2018 as turning point for chemical tanker Habben Jansen: Container carriers could have done better Avance Gas: Limited fleet growth strengthens LPG market Gdansk's terminal for mega-vessels grew in 2017 Eurogate and Hamburg suffer small setback in difficult container market Danish minister of defense: Russia behind Maersk cyber attack Hanjin Shipping's bankruptcy behind HMM's spectacular growth Grieg and Jebsen's bulk merger wants to turn a profit during 2018 China wants to open the world's largest test site for unmanned vessels Five carriers order MAN methanol engines Maersk CEO cannot imagine self-sailing box ships in his lifetime Grieg Star expects new deficit this year Hedge funds increase shipping investments Wilhelmsen's 2017 marked by divestments and acquisitions Cosco is the number one carrier of US container imports Dry bulk recovery halted – index plunging Maersk believes several problems in Alang are now solved There is more to big oil than oil, Total tells USD 1 trillion fund This week's top stories on ShippingWatch Media: Goldman Sachs and Macquarie looking at port company Scorpio Group calls for better customer service from suppliers Major nations working on alternative to China's huge infrastructure project Tidewater appoints new CEO Carriers hedging against more expensive fuel for years ahead Noble Group flags USD 5 billion loss as debt-deal endgame nears Ships can now sail north of Russia in winter with no assistance Port of Rotterdam preparing for worst-case Brexit scenarios Bunker One to rebuild carriers' trust after OW collapse Røkke pays USD 100 million for Hess Ghana Aker BP finds more oil than expected in the North Sea Hapag-Lloyd CEO criticizes Maersk's strategy British ports fear chaos after Brexit This is how Maersk plans to convince investors Maersk publishes more key numbers for Hamburg Süd BHP Billiton disappoints analysts after H1 European shipowners call new Indonesian shipping law "unacceptable"Golden Ocean hopes green regulations can offset bulk fleet growth Analyst firm: US shale oil has limited effect on oil price One alliance accounts for majority of bulging order book Søren Skou: Transformation of Maersk is complex South Korean carrier bags huge Vale contract Gary Vogel has transformed Eagle Bulk 33 deaths reported at beaching facilities in 2017 World's biggest investor presents green requirements for shipping Glencore M&A firepower undiminished after USD 2.9 billion dividend BP presents its projections for a peak in oil demand Car carriers fined EUR 400 million to settle cartel case Hyundai Merchant going solo before ultra-large newbuilds arrive Russian carrier tops ranking of reefer operators Diana Containerships ends 2017 with a profit despite Q4 deficit Hyundai Heavy grew its order backlog 160 percent in January Greece's Aegean projects fourth quarter deficit Navios Maritime reports improved result in stronger bulk market Maersk Line explores using LNG for its fleet BW Offshore expects stronger 2018 Boskalis lands major order from Port of Singapore Teekay Tankers expects rate recovery towards 2019 Borr Drilling to expand rig fleet with USD 232.5 million acquisition Brighter times ahead for offshore vessels in North Sea Pioneer Marine aims for profit after turbulent year Denmark criticizes South Korea's maritime state subsidies Maersk Chief Digital Officer: Why we are a digital pioneer in shipping Maersk presents flag plan for Hamburg Süd vessels Media: HSH Nordbank close to deal with new owners Earnings dip at World Fuel's bunker unit in 2017 J. Lauritzen lost USD 45 million in 2017 Kvaerner loses CEO to Røkke's new oil company Schlumberger and Subsea 7 form new joint venture Norwegian offshore carriers more optimistic about the future Norway foresees major surge in oil investment in 2018 J. Lauritzen CEO expects return to profits in 2019 Car carrier cartel met at bars to fix prices Djibouti government takes control of DP World terminal in the country Rescued Singapore shipbuilder buckles under debt woes US authorities will block Wilhelmsen acquisition Analyst: remarkable development at Borr Drilling Trump's new North Korea sanctions target shipping Eimskip anticipates improved operations in 2018 Statoil to allocate more funds for explorations Seadrill settles plan with creditors Analyst says Hyundai Merchant's growth ambition is a pipe dream Skuld raises tonnage in contract negotiations Hafnia Management: unsatisfactory start to 2018 Maersk and MSC could be overtaken within the next few years Giant oil ships from the US to cut time, money and traders Reduced impairments boosted Danish Ship Finance in 2017 These are the blacklisted vessels on Trump's new sanction list EU foreign ministers put pressure on the IMO Lightship Chartering opens new offices and is prepared for acquisitions More expensive raw materials spur Hempel to raise prices MOL partners with Russia on Northern Sea Route services SeaIntel: Impossible for shippers to compare carbon footprints of carriers US will overtake Russia as biggest oil producer in 2019 Star Bulk Carriers posts significant profit Vale sails new 'green' ship in bid to cut rivals' China advantage North Korea evades sanctions with help from ships of many names Bank names saints and sinners in shipping DVB books close to a billion dollars in loss allowances for shipping Frontline books large deficit for 2017 BW LPG anticipates better VLGC market in 2018 Major capacity increase in store for Pacific routes this year HSH Nordbank has found its new owners UASC merger boosts Hapag-Lloyd's bottom line Former Maersk executives launch ambitious Bitcoin company Pacific Basin eyes threats on the horizon despite profit Team Tankers buys two tanker carriers including Laurin Shipping Kuehne + Nagel boosted revenue in 2017 HSH Nordbank CEO: New owners mark a new era Monjasa looking to expand Panama office Rapidly expanding MPC Container Ships does not fear mega-vessels MAN Diesel & Turbo sees two core market drivers Three carriers respond to Maersk and Hamburg Süd's network upgrade Subsea 7 completes acquisition of Siem subsidiary Historically tough 2017 gives way to breather for VLGC players Shipping fund Navigare adds three ships to its fleet Japan criticizes South Korea's state subsidies to shipping Cargill and Pacific Basin disagree on sulfur solutions Songa Bulk turns focus to earnings after fleet expansion Trump's plan for towering tariffs spells bad news for shipping Authorities clear Maersk Oil sale Tufton Oceanic's returns are based on simple business logic Petrobras sets terms to scale back grandiose Lula-era ships deal Hyundai Heavy enters alliance to develop smart shipping EU preparing for trade war with US after tariff announcement Putin looking to grow Northern Sea Route traffic ten-fold by 2025 CEO of d'Amico is "firmly convinced" that product tanker will soon improve Frenemies: OPEC finds US shale oil an intractable problem Blockshipping CEO on new platform: Carriers must learn to collaborate Freight rates strained by lower volumes during Chinese New Year Reshuffle sees Maersk Line exec switch to APM Terminals Pareto: Recovery in offshore will be painfully slow Morgan Stanley downplays tariffs' impact on shipping Scrubber suppliers eye new systems financing for shipowners US will cover majority of growth in global oil demand Former Thoresen Thai owners have built new dry cargo company DFDS ferry collided with MSC container ship Trump could be willing to soften tariff barrier European refineries first in line for US shale boom Maersk dropped 70 containers into the sea in the US Norden delivers USD 28 million profit for 2017 Eagle Bulk is transforming but still in the red Statoil acquires half of two offshore wind farms in Poland Container carriers scrapping younger and bigger ships Salvors formalize Singapore collaboration Liner carrier schedule reliability dips to new low IEA: Sulfur cap will have short-lived impact on distillate market Cosco Shipping targets more port purchases after Orient Overseas Norden CEO: Dry bulk is above water once more Maersk Line vessel on fire – four crew members still missing Major shipping companies and banks to shed light on scrapping Jeremy Nixon believes one particular technology can help shipping Maersk's German acquisition triggers fierce competition on South America US worries China could seize control of DP World's Djibouti port Rolls-Royce still losing money on its marine business Statoil hopes to gain billions of dollars from new digital hub Higher oil prices boosted Wintershall in 2017 Golden Ocean CEO: Dry bulk remains at low levels Norway's USD 1 trillion wealth fund reveals thinking on oil risk One crew member from Maersk Honam has passed away Torm delivers full-year profit in challenging tanker market XO Shipping reports its best result ever Boskalis expects tough 2018 and 2019 Kuehne + Nagel: Unreliable cargoes strain shipowners' schedule reliability Trump about to sign tariffs into force Hope dwindles in search for missing seafarers after Maersk Honam fire Exxon says watch for oil shocks as demand becomes market driver Subsea 7 expects more offshore orders after weak years Shipowners warn of insufficient capacity on EU shipbreaking list Port CEO calls on terminal operators to collaborate 170 companies racing to digitalize shipping Fire fighting intensifies on Maersk Honam Media: New investment unit reflects renewed interest in shipping Trump implements metal tariff – friends of the US could get exemptions Total exec on acquisition of Maersk Oil: fantastic deal Shipbuilder slapped with huge bill for conversion of hotel rig Important oil base back under Norwegian ownership Offshore carrier Harvey Gulf files for Chapter 11 US Federal Maritime Commission to investigate fees from carriers OECD report lists shipping's biggest CO2 challenges Maersk confirms another three casualties from Honam fire Cosco acquisition takes market shares Saudi Aramco IPO pushed back to 2019 Competition intensifies among smaller liner companies Mega-ports attracted new services in 2017 Shipbuilder Daewoo books first profit in years Clarksons saw earnings grow 12 percent Maersk Line will not bill customers for new container technology Attention turns to one particular proposal as CO2 debate nears end Major nations looking to push back shipping's CO2 plan BMW to file damage claim against carriers in cartel case Russia wants to boost fuel exports significantly Uber Freight calls on shipping: Let's work together EU places another major flag state on its tax shelter blacklist Container imports in North America maintain 2017 pace Only a glimmer of hope for offshore ships in the North Sea The next ship you board might run on batteries Maersk shareholders have lost USD 16 billion in share slump President defends takeover of key African port Kongsberg bags huge contract with Qatar Noble Group signs workout deal with 46 percent senior debt holders Trump plans massive tariffs on goods from China Color Line hit with record sulfur fine "Carriers risk becoming the Uber drivers of seaborne freight"Global Ports boosted by growing Russian imports Media: Total to lay off upwards of 70 people in Norway OECD sees stronger global economy, but tensions are rising Frontline CEO: Scrapping could keep VLCC growth close to zero this year Another African country banishes DP World CMA CGM's chief digital officer wants to democratize digitalization Seaspan acquires Chinese investment company with 18 vessels Statoil will change its name to Equinor The US has changed its IMO course under Trump Fredriksen's Ship Finance acquires older feeder fleet Battery-driven vessels on the world seas are far off in the future Stolt-Nielsen anticipates "soft" chemical tanker market Norwegian oil companies to hire 1,000 new employees this year Loss on ship sales hit Gener8 with large deficit Wrist Ship Supply delivers improved result despite tough market DP World reports growth and more to come in 2018 BNP Paribas: China more than compensates for exit of European banks Two Seatrade execs convicted for scrapping four ships Maersk Line changes dangerous cargo procedures after Honam fire NGO: Why shipping investors need to get involved in the climate Investments indicate "quiet optimism" in the oil industry Workers at South Korean shipyards protest government intervention Korea Line orders new tanker vessels from Hyundai Heavy MPC Container grows its feeder fleet to 64 ships World's biggest port operator projects moderate growth in 2018 Dan-Bunkering CEO joins parent company's executive board Yet another Maersk ship reports fire in container Viking stagnated in 2017 under difficult market conditions CMA CGM lifts 2017 result substantially Maersk hit by new hacker attack Noble Group braces for first bond default as pressure mounts Media: Asian employees in the North Sea making USD 3.7 an hour Wärtsilä pays EUR 210 million for UK-based navigation firm Zeaborn: Our debt free fleet is our crucial asset Rosneft made gains on new field and settlement Maersk Line relaunches network to improve reliability South America's freight volumes increase for the first time in years Serious incidents in the oil sector spurs growth at petroleum authority Maersk company carried arms components from North Korea DP World buys into major port in Peru German shipping container investment firms file for insolvency Maersk to find new chief financial officer "Shipping has been too much fat and too much inefficiency"More casualties possible among Korean shipbuilders Maersk Supply Service reported to police after shipwreck Serious terminal fire shrouds Singapore in smoke Teekay Tankers opts for distillates to meet sulfur requirements Former pro soccer player appointed Kvaerner CEO 11 small parcels with missile parts from illegal sender The cost of Noble's restructuring is likely to top USD 100 million Shipping plays key role in achieving global climate targets GC Rieber wins layoff dispute Major shareholder withdraws from distressed German carrier Cosco puts pressure on Maersk Line on new battleground Analysis: Lumber trading set record in 2017 Port objection risks destabilizing Horn of Africa, minister says Seaspan CEO: Modern container ships are more important than ever China ready to fight back against Trump's tariff threat The US will impose USD 50 billion in tariffs on Chinese goods Rating bureau: Progress for German banks in 2018 Noble Group's founder Richard Elman resigns Tough 2017 cost 835 jobs at DNV GL MAN and Hyundai Heavy in new partnership for LNG testing Strained offshore company Ezion heralds billion-dollar loss Lloyd's Register wants to develop new blockchain solutions for shipping Media: Acquisition means Aegean has entered talks to settle with investors Hafnia Tankers books 2017 deficit: We need to be patient Maersk Honam will be moved to Dubai's Jebel Ali port DNV GL warns against towage used in Maersk wreck NGO: Major European shipping nations have low climate ambitions Trade war inches closer in US-China tariff clash Noble Group survival threatened as miner sues to end coal deal China announces soft response to US tariffs Borr Drilling raises fresh capital for acquisition UN advisor criticizes Maersk's shipment for North Korea Analyst downplays tariff war's impact on shipping This week's top stories on ShippingWatch Statoil's CEO got substantial wage increase last year Ultragas after major loss: 2018 will be better China shields billion-dollar trade with the US Ultrabulk not satisfied with 2017 results Scandlines sold to consortium of equity funds ICS sets new course on climate policy New benchmark oil future launched in Shanghai OW investors kicked out of class action lawsuit Owners of Germany's NordLB are looking for private investors Greek shipowner charged in major drug case Smaller container ships make comeback on key services EU greenlights Maersk and IBM's blockchain venture One major customer marked a turning point for digital startup DP World to operate new greenfield port in Congo Trial begins against OW Bunker's controversial Singapore CEO Media: John Fredriksen to buy Seadrill's canceled ships New Scandlines owner: A Fehmarn link will not change the strategy SeaIntel: Maersk Line and Hapag-Lloyd face crucial decision Stolt-Nielsen hires new CFO JP Morgan: Scrapping of supertankers intensifies EU countries aim high in CO2 proposal ahead of London meeting Topaz eyes improvements after tough year OECD: How shipping can be CO2 neutral by 2035 Former Maersk Oil CEO lands new executive position Rio exits coal business with USD 4 billion of deals in a week Evergreen and Yang Ming book profits after huge losses in 2016 ShippingWatch closed for Easter China to increase imports by trillions of dollars Breakwater and Hayfin take over ships from German firm Aegean's deal to buy founder's company collapses after shareholder resistance ING: Banks working together have a stronger voice on environmental issues South Korean shipowners to merge container businesses Hapag-Lloyd expects significantly better operating result for 2018 Hapag-Lloyd reshuffles executive board, CCO steps down Belgian port has Brexit Britain in its sights Zeaborn said to be headed for merger with Intermarine Cosco expects growth in container market in 2018 Clipper exec to open new office for Genco in Copenhagen MPC Container Ships plans continued growth in 2018 Statoil awards drilling contracts worth over EUR 1 billion 2017 was a good year for the liner companies, but...Digital shipping company looking to break through in Asia Harsh criticism of IMO's governance raised before crucial meeting Drewry projects slow recovery for box carriers in 2018 and 2019 US unveils list of tariffs on Chinese-made products worth USD 50 billion Norwegian companies to create world's first autonomous shipping company Japan's Ocean Network Express appoints five senior execs CMA CGM allegedly in talks with Djibouti for new terminal Breakwater Capital sees risk of "tourist lenders" in the maritime industry Norwegian oil production could be impacted by potential strikes Numerous shipbrokers decline to valuate offshore ships Drewry: Multipurpose has finally turned the corner IMO after criticism: Each nation shoulders responsibility Hamburg Süd and Electrolux aim to reduce sulfur in ports Suitors for Maersk Drilling staying away New British law reveals wage gap at Maersk Line South Korea will order 200 ships ahead of 2020 Suppliers to further develop Sverdrup field for more than a billion euros NGO criticizes countries for unambitious CO2 reduction plan New research creates reefer containers with a repair alert system Noble Chartering has "normal operations" despite parent company's huge downturn Media: Maersk Line and Commerzbank enter fleet deal Giant oil discovery in Bahrain could remain buried Number of idled Norwegian vessels declines again Trump threatens China with tariffs for another USD 100 billion Kongsberg on autonomous ships: The market must mature first OW Bunker senior exec assumed his people had things under control Norwegian shipping tycoon invests in struggling Skaugen South Korea's government will sell major yard DSME Norwegian bulk carrier Grieg Star books major loss for 2017 Shipping organizations: The industry is an indispensable part of the IMO Ultrabulk notes the first consequences of looming trade war Blackstone partner to help ensure APM Holding's strategy Hempel ready for acquisitions of EUR 1 billion Japan accused of blocking climate strategy for shipping Seadrill gets full support from creditors for rescue plan Dutch towage company buys out Teekay XO Shipping CEO breaks with an old shipping mantra Shipowners: We are not ready for new sulfur regulations Three things disturbed Ultrabulk's business model in 2017 Maersk Line expands online platform for Chinese customers DP World issues warning to terminal operators in Djibouti Tough CO2 negotiations await the IMO this week Big rate fluctuations in the container industry despite consolidation China's Xi pledges greater openness amid Trump trade dispute 2020 could be a negative turning point for dry bulk Norden will use scrubbers to comply with sulfur cap Hyundai Merchant Marine confirms plans to order 20 mega-vessels Shipbuilder STX Offshore headed for receivership Norwegian politicians want to postpone Statoil's name change Analysts cast doubts on actual price of hacker attack 100 seafarers taken hostage in three months Major shareholder voices unusually harsh criticism of Maersk management Scorpio Tankers among worst performing listed carriers Subsea 7 wins new contracts Key witness will not testify in OW Bunker trial BP will develop two new fields in the North Sea Maersk chairman: The core business is where we really want to make a profit Scorpio Tankers' new management duo replays the eco card Lauritzen Fonden foresees uncertainty for its cash cow DFDS Robert Uggla wants returns on Maersk share within a couple of years Fears of diluting CO2 targets in the IMO at crucial point in time Aggressive Cosco in close dialogue with US security committee Sulfur cap could grow bunker bill by USD 60 billion annually DFDS makes EUR 950 million acquisition in the Mediterranean South Korea's STX Offshore avoids receivership Maersk Drilling and Maersk Supply Service form joint venture Statoil and Total go shopping in the Gulf of Mexico Liner companies face another wave of newbuilds CEO Smedegaard moved quickly in DFDS' Turkish acquisition Stolt-Nielsen's chemical tanker earnings in big dip Analyst: Maersk's new offshore venture points to family acquisition Pacific Basin: Trade war between US and China will have limited impact 11th hour of IMO summit points to 50 percent reduction target for shipping emissions Noble Group reaches key creditor support threshold for deal Seadrill made huge impairment in 2017 Texts between Altor partner and OW Bunker CEO take center stage in trial BP and Petrobras form alliance Big decline in armed robberies at sea in the first few months of 2018 Jesper Kanstrup wants his boss's job Discover your own and others' talent Statoil to take bigger risks in the hunt for new oil discoveries Turkish acquisition sends DFDS into political minefield The story of Bernhard Schulte's bumpy road and the black zeros Djibouti responds to DP World in port conflict IMO agrees on CO2 deal Maersk calls "ambitious"Rates for major bulk ships improving after big dive If Erick Thürmer is right, 3D will revolutionize the maritime industry. Very soon From ambitious to hesitant: This was how the IMO's CO2 deal was received IMO agrees to global sulfur ban Shipowner Danaos delivers 2017 profit The man behind OW Bunker's downfall loses oil dispute in Singapore Growing optimism for box carriers the next three years Vroon CEO resigns after settling restructuring plan Shipowners after CO2 deal: Everyone must contribute now Odfjell Drilling signs deal to drill wells for Statoil Maersk will not send goods to people on sanction list Flexport looking to enter big league with DSV and Kuehne+Nagel Thorco Bulk announces name change with immediate effect Are dry bulk expectations too high?CMA CGM to enter major Nigerian port Norway's Solstad Farstad merger at risk of breaching credit covenants ExxonMobil: This is where 2020 fuel will be available Liner company PIL announces massive growth MAN bags large order for 11 of MSC's new mega-vessels OW Bunker CEO's testimony in 2016: no knowledge of out-of-control Singapore credits Shipping's new CO2 targets could undermine LNG as fuel EU takes stock: 5 percent do not comply with sulfur rules NordLB cut nearly EUR 5 billion from its shipping portfolio Seadrill could be headed out of Chapter 11 IMF: Growth will continue another couple of years and then stop Japanese commodity traders to Rusal: Halt aluminum shipments Drastic decline in scrapping threatens fragile recovery Maersk and MSC could benefit from South Korea's state subsidies Monjasa: We don't see ourselves as an acquisition target New report: Ports need to use financial mechanisms in climate efforts Tanker carriers get encouraging data from the International Energy Agency Seatrade appealing illegal scrapping verdict DNV GL: Here are seven alternatives for shipping to battle climate change Seatrade has appealed verdict in case about illegal scrapping Scores of dry bulk operators opening offices in Copenhagen Three Maersk companies hit by new sanctions against Russia Team Tankers' deficit grew in 2017 Saudi Arabia sends oil price to its highest level since 2015 This is the recipe for a digital startup's prime employees OW Bunker's moneymaker: Speculation was "hushed down"Norwegian major investor gets tanker acquisition ready for scrubbers South Korean shipowner to buy 30 feeder ships from Vroon OW Bunker's second-in-command: Group management was against IPO US-based port operator to test Maersk and IBM's digital venture Dry bulk market hit by uncertainty after new Russia sanctions Surge in scrapping could boost tanker market Asian multipurpose carrier bolsters presence in Europe State bank pledges huge loans to South Korea's shipping sector CMA CGM buys stake in Swiss logistics major Canceled energy project costs Semco millions of DKK Bulk operator Baltnav grows on the top and bottom line Snabe criticized for board positions beyond Maersk Atlantic Chartering: We hit an upward-trending curve This is how China's huge One Belt One Road project affects Maersk Wide-scale fraud case under investigation in Cosco's Greek gateway port Rolls-Royce wins huge contract in Norway Competitor rejects major purchasing offer from Subsea 7 Is the threat of mega-vessels wildly exaggerated?Three factors have lowered Klaveness's optimism in dry bulk Scorpio Bulkers books deficit, but clear improvement from 2017 Port of Rotterdam boosted by alliances Singapore debating big data: a savior for the shipping sector or just a fantasy?Cosco could be forced to surrender key US port Kuehne+Nagel grew 5 percent in sea freight Wärtsilä still faces challenges in marine business Alfa Laval: Maritime division beats expectations Saudi Aramco to lift oil-trading volume to 6 million barrels per day Dry bulk operator Norvic Shipping wants 130 ships in play and to double cargo volumes Pressure to make Mediterranean an environmental zone Board will remove Farstad name from offshore merger BW LNG rejects climate criticism of LNG as the fuel of the future OOCL and Microsoft form AI collaboration Euronav books huge deficit in toxic year for tanker shipping Statoil books best quarter in four years Concordia CEO after new deficit: Recovery is approaching Nordea's trimming of shipping and offshore nears completion Seafarer hid on ship after pirate attack Singapore to set newbuild record this year CMA CGM acquires chronically loss-making logistics firm Equity fund cashed large dividends on Scandlines prior to sale Baltic Exchange and Freightos launch new container index Scorpio Tankers secures fresh liquidity after new large deficit The fight for EU climate funding to shipping is now underway Shipping top execs: We don't have answers for the CO2 targets right now Vincent Bolloré under investigation in corruption case about port terminals Norwegian Helge Lund to head BP board of directors DNB's chief exec: Optimism is back in the oil sector Double-digit growth in earnings at Total ShippingWatch closed on Friday April 27th Trøim's new dry bulk unit raises capital for newbuilds German shipping bank KfW declares war on hazardous scrapping Maersk CEO voices fierce criticism of state subsidies for container shipping Subsea 7 rejected again by US competitor DP World beat the market in the first quarter Former Maersk execs: Mr Møller clung to power for too long ExxonMobil slightly disappoints in first quarter Italy's Grimaldi orders new RoRo vessels Bunker companies cleared of cartel suspicions in major ports Borr Drilling sells 14 jack-up rigs False emails made Thorco Projects pay hacker Slide in container carriers' reliability continues Singapore expands use of mass flow meters German banks see small improvements in shipping EU politicians: The industry must become CO2 free on its own Trump to extend relief from steel tariffs amid negotiations DSV raises its full-year guidance OOCL reports growth in the first quarter Maersk's French partner in Africa hit by corruption charges APM Terminals sees another senior exec depart ONE attributes launch difficulties to staff shortages and IT problems Shipowners should report fraud: "It's seen as embarrassing"Drewry points to LNG as plausible candidate for the future of shipping fuel DSV: This is why we're better than Flexport Maersk Tankers kicks off newbuild program with six new vessels Stena offloads real estate to bolster liquidity "A tweet could change the dry bulk market"Shipowners still struggling with US ballast water regulations Colleague puzzled when XO Shipping's CEO wrote "Dear..." in an email Four European banks approve new loans to Scorpio Tankers Maersk-owned Seago Line weighed down by cyber attack Norway's Shearwater wins contracts in West Africa Younger Norwegians once again lured to oil industry Sulfur regulations could increase scope of engine damage claims Maersk Tankers lost half a billion dollars in 2017 155 new ships can prolong tanker shipping's troubles Lundin quadruples profits in the first quarter APM Holding lost billions on Maersk's strategic change Risk Intelligence recruits execs from Cobham and Maersk Subsea 7 calls off billion dollar acquisition bid Ardmore reports slow start to 2018 Shipowners optimistic about EU budget proposal Prosecutor wants OW Bunker exec sentenced to 5 years in prison Acquisition strengthens Seaspan in the first quarter "There's no technical way to protect yourself from hackers"Aegan settles with dissatisfied investors Harsh criticism of fatal accident on Maersk rig Container carriers will be hit hard by increasing oil prices in 2018 Bourbon Offshore eyes improvements despite setback Prosafe CEO sees better days ahead for accommodation rigs Finnlines confirms order for new ferries Stena Oil establishes Scandinavia's largest bunkering terminal Røkke's Ocean Yield in huge VLCCs and dry bulk investment Siem Offshore expects continued weak North Sea market this year Hyundai Heavy books first quarter deficit Digital frontrunner warns shipping: "Technology doesn't solve anything on its own"Esvagt's bottom line hurt by dire offshore market in 2017 Oil rises over USD 70 as market awaits Trump Call on Iran sanctions Maersk companies could end up competing against each other SeaIntel: Disconcerting development for container carriers Erria hires general director with roots in Maersk and CMA CGM D'Amico begins 2018 in the red Digital invoices could save the container industry billions of dollars Aker BP reports record output after acquisition Seaspan expects consolidation among container owners Countries disagree on responsibility for fatal tanker collision Maersk Tankers expects recovery "in the coming years"Tanker carrier DHT headed for new deficit Team Tankers reports bigger deficit after first quarter Future shipping top executives worry about one thing in particular MSC invests USD 1.1 billion in new major Arabian port Avance Gas reduces deficit and eyes better 2018 Glencore sells large stake in Rosneft Norwegian offshore magnate is trying to start a new company APM Terminals executives scattered in all directions Cyprus's first shipping minister sets herself ambitious targets Finnlines projects strong year for Finland's sea freight volumes Oil price soars after Trump withdraws US from Iran nuclear accord DFDS upgrades guidance after strong Q1 Bulk carrier Genco Shipping padded with "significant war chest"Odfjell hit by challenging chemical tanker market ShippingWatch closed Thursday DOF Subsea points to positive signs in North Sea offshore market Wilhelmsen unsatisfied with Q1 despite improved performance Trump's Iran exit triggers uncertainty among shipowners APM Terminals heralds listing of port company DFDS' chief exec sees uneven growth on key markets Maersk to potentially postpone time frame for Drilling divestment Trump's Iran withdrawal has oil shippers in limbo over insurance Hafnia Tankers makes low profit in a tough market CEO gets four more years at Hapag-Lloyd Gener8's merger with Euronav to be decided soon Intercargo sees a huge decline in bulk accidents Global Shippers Forum gets new chair Oil set for weekly gain as Iran sanctions stoke supply concerns Boost for Diana Shipping Norwegian player Hunter expands order book with supertankers Pioneer Marine ceases fleet deal with Baltnav Hapag-Lloyd in the red in "challenging market environment"Bolton warns sanctions possible for doing business with Iran Kuehne+Nagel: Container carriers don't react to complaints Pareto: Hafnia Tankers "crushed" the market Fearnleys points to new dry bulk carrier as winner Cargill's dry bulk business part of groundbreaking technology Brazil recovery looks set to be challenge for the major box carriers Hapag-Lloyd on track to tapping LNG as new ship fuel Nordic Tankers exits 2017 with million dollar deficit Norway to expand state aid for shipyards Maersk Tankers winds down in Iran after Trump's nuclear exit Pacific Basin buys four new ships DFDS raises USD 160 million in just hours for Turkish acquisition Star Bulk acquires Songa Bulk's entire fleet Bad weather hit Maersk Line and Hapag-Lloyd in the first quarter Commerzbank expects shipping year on par with 2017 Rivals reject blockchain solution from Maersk and IBM EU will now review its container block exemption regulation Container shipping faces annual rate slippage of 2.5 percent Songa Bulk CEO anticipates even higher ship values in bulk Star Bulk has acquired 34 ships since April Jeremy Nixon: Oil price strains container earnings Borr Drilling buys more rigs for hundreds of millions Hyundai Merchant gets deficit in Q1 with higher bunker prices Statoil to pay large fine in rig dispute Shipbuilder DSME to boost profits by cutting costs Former CMA CGM exec joins V.Group senior management HSH Nordbank ready to let go of heavy German shipping legacy Wintershall invests more than EUR 1 billion in Norwegian field EU leaders locked between differing interests in Iran Maersk Broker grew its profit in 2017 Søren Skou: Unsatisfactory result for Maersk's Ocean segment in Q1 Morgan Stanley says a shipping revolution has oil headed for USD 90 Torm maintains profit in first quarter 2018 Container fleet on track to grow more than 6 percent this year Blockshipping gets new partner in blockchain project Total prepared to abandon USD 5 billion deal for Iranian gas field Maersk Line struggling with commercial challenges and rising unit costs Results fluctuate at Maersk Energy's business units Oil rises to USD 80 a barrel in London for first time since 2014 National systems still a risk in EU's new "single window" proposal Easy for Torm to wind down Iran activities Teekay Tankers reports large deficit for Q1 New report says biofuel is most cost-effective climate option for shipowners Maersk CEO open to share ownership of digital prestige project Star Bulk has been on a shopping spree – and does not rule out more transactions Scorpio Tankers sells five ships and leases them back Total CEO: Oil could surge to USD 100 per barrel Lauritzen CEO after negative Q1: Improvements in store ShippingWatch closed Monday Søren Skou fighting the clock to deliver results China abandons tariff on US sorghum Trump retreats from China tariffs amid White House trade discord Lawyer warns of risk of ballast water falsification Growing bunker costs hurt liner companies' cash flow ICS warns of several issues ahead of global sulfur directive Hapag-Lloyd negotiating with staff to avoid layoffs Deutsche Bank unit sells USD 600 million Seadrill claim in days Liner companies probably want to forget the first quarter Digital ships could trigger next order boom Royal Arctic Line on 2017: nobody could have wished for such a tough year More trade between EU and Australia and New Zealand on the horizon BP to cut 500 jobs this year Energy trader Gunvor acquires stake in tankers Maersk declining in popularity as prospective workplace among Danish students Hong Kong proposes slashing maritime tax Swedish port conflict has cost business billions of Swedish kroner The ship caught in the Middle as US and China zigzag on trade Clients will have to pay for stranded goods from Maersk Honam The road to a new Royal Arctic Line is paved with problems MPC Container Ships' fleet is now at 68 ships American oil boom seen tempting ships to steer clear of Iran A new legal bill aims to secure more oil cargo for US vessels CEO and board members step down from Russia's Rusal Equinor allocated nine UK licenses HSH Nordbank foresees huge decline in German shipping companies Søren Skou: EU is more important than ever Maersk Tankers' CEO: It's difficult to recruit talent from three groups Jefferies: Hapag-Lloyd tops after weak Q1 After slimming Nordic Tankers: "What happens now, Per Sylvester?"Color Line's potential flagging out will be held back again Risk of increased production sends oil prices down Kidnapped crew released by pirates in Nigeria Equinor extracting new oil on old fields Maersk introduces extra bunker bill for its customers Bad markets pulling Norwegian offshore carrier into the red Blue Water Shipping lands worst result in five years Danish dry bulk carrier lifts profits significantly South Korean yard giant is running out of its offshore backlog Singapore rejects Wilhelmsen's billion-dollar acquisition of supplier MSC gets surprisingly good result in Northern Europe This week's top stories on ShippingWatch CMA CGM, after red first quarter: Better results later in the year Oil price declines Outsider Zim booked bigger deficit in Q1 Increasing trade imbalances squeeze container carriers Carriers reluctant to downgrade bunker surcharge after oil price decline Optimarin boosts environmental equipment sales after years of disappointment Wallem Group needs to find new CEO US banks stuck with problematic offshore ships Torm gets lukewarm rating from US bank Africa's hidden oil hub grows after making millions for traders South Korea launches new state aid scheme for shipbuilders New Chinese partnership to build huge dry bulk ships Electrolux voices fierce criticism of liner companies' new bunker surcharge Analysts still believe in an oil price over USD 100 Intermarine forms global joint venture with Zeaborn Stena Oil expects fierce competition on Scandinavian bunker market Tanker market already impacted by Iranian sanctions Hapag-Lloyd will not introduce emergency bunker surcharge Fredriksen's Flex LNG replaces CEO and changes course EU moves closer to screening of Chinese acquisitions BW LPG offers to buy Dorian in billion dollar deal BW LPG goes on the offensive with bid for Dorian Maersk Line lagging behind major competitors on earnings Acquisition-hungry BW LPG books Q1 deficit US maintains trade threats against China OW Bunker's Singapore CEO sentenced to 1.5 years in prison New vessel pulls BW Offshore into the black Golden Ocean reports profit in mixed 2018 for dry bulk HMM abandons Atlantic cooperation with Maersk and MSC Hapag-Lloyd follows suit with emergency bunker surcharge Scorpio Tanker signs Chinese deal for six ships The battle over the emergency bunker surcharge heats up EU braces for Trump broadside as steel tariff deadline looms Royal Arctic Line in breach of credit covenants with German bank World's biggest vessel in extraordinary offshore operation NordLB expects new loss provisions on shipping this year Frontline books deficit in weak first quarter Cargill joins criticism of liner companies' emergency BAF Unifeeder A/S more than doubles its 2017 result MPC Container Ships reports small Q1 profit Borr Drilling's rigs are now generating income US investor injects another USD 500 million into Seaspan US is set to impose tariffs on steel from EU, Canada, Mexico Trump slaps steel tariffs on EU, Canada, Mexico as tensions rise Researcher who saw stressed 2020 oil market is more worried now IM Skaugen files for court protection in Singapore Shippers will take emergency surcharge to the EU Commission China to scale back tariffs on certain US-made products Fredriksen sells DHT stake and buys container ships 67 capesizes could be without work two years from now Calm headed for Brazil's ports as strike abates Last week's top stories on ShippingWatch Media: Large numbers of casualties at sea are not reported Hyundai Merchant picks yards for its new mega-vessels Cosco invests USD 2 billion in Peru port Unifeeder CEO: Once you're bought, you're sold Coating supplier Jotun strained by marine market Iran oil export at record high before possible renewed sanctions Tanker scrapping on track for record level this year Analyst firm: Liner companies' emergency BAF is a desperate move China's new major port in Peru is located just 70 kilometers from Maersk's hub 22 EU member states sign blockchain partnership This is why the green transition is challenging to shipping Oslo-listed Goodbulk to pursue New York IPO Norway's Ulstein Group books another large deficit Aegean Marine sees stock plunge after large impairment Maersk Broker's bulk venture projects profit in 2018 Macron's chief of staff probed over links to shipping firm MSC Sweden will fine sulfur violators upwards of SEK 1 million Monjasa books "very unsatisfactory" loss in West Europe Swedish shipping to benefit from new massive infrastructure plan Eimskip wants protracted competition case closed Analysts: Many of the unemployed rigs will never work again APM Terminals on Peru: We are used to competition CMA CGM bets on artificial intelligence Macquarie fund bets on revival of shipbuilders in South Korea Rainmaking Innovation behind new Singapore startup house aimed at shipping Odfjell CEO sticks to ambitions in tough market Scorpio Tankers sells another six ships to Chinese firm Greek shipowners believe in LNG as the fuel of the future Growing interest load starting to strain shipowners Container carrier's customers have reaped huge savings Germany's Lloyd Fonds issues shares to raise capital Nordic Bulk Carriers returned to profit in 2017 Wrist Ship Supply joins forces with competitor Norway's Simek yard throws in the towel – the order book is empty Germany's United Heavy Lift expands fleet Media: Investment bank projects tough Q2 for Maersk Shipyard aims to print components within one year Bulk carrier Genco signs large credit facility Prosafe reprimanded for issues related to accommodation rig EU moves forward with retaliations on US steel tariffs Will scrubbers make sense five years from now?Former Maersk lawyer becomes new major shareholder in Erria 24,800 Norwegian jobs disappeared in three years due to the oil price drop Bernhard Schulte behind new shipping procurement company ONE follows suit with controversial bunker surcharge Solstad Farstad bags several oil contracts and eyes market improvements Seadrill expects to wrap up large-scale rescue plan in July Africa oil giant needs USD 12 billion to avoid missing LNG boat Oil wobbles near USD 66 as OPEC's mixed views deepen supply dilemma South Korea's DSME has grown its order book in 2018 11 drilling rigs sold as scrap in the past year Wood Mackenzie: Fear of LNG oversupply abating OECD calculates the cost of the liner companies' schedule delays Last week's top stories on ShippingWatch New owners take control of Erria Eimskip and Samskip accused of collusion in new document Italy and Malta deny ship carrying 629 migrants access to port JP Morgan expects increased oil output from non-OPEC nations A2Sea made more than DKK 100 million last year Hedge fund with 69 percent return sees more to come from oil recovery Morgan Stanley: Chinese demand boosts bulk rates by 33 percent SeaIntel: Mediterranean ports gaining on North Europe's ports Seaspan CEO will lead consolidation with fresh capital from investor Mitsui OSK Lines CEO warns of bankruptcies from 2020 Germany prepared to escalate trans-Atlantic trade war Star Bulk's Q1 results indicate continued recovery in dry bulk Former Maersk exec Stausholm appointed CFO of Rio Tinto MSC will sail slower and abandon unprofitable routes Fredriksen buys USD 300 million of Seadrill claims from banks Samskip rejects charges of secret price cartel in Iceland Headhunter WRS' new maritime initiative forges ahead Equinor to electrify platforms for billions and reduce CO2 emissions Maersk Line gives the cold shoulder to 2M partner MSC Hapag-Lloyd shuts down one of two routes to Iran OW Bunker's former Singapore CEO appeals prison verdict Scan Global anticipates growth after unsatisfactory 2017 ICS calls on EU member states to react to migrant case Star Bulk orders 22 scrubbers for its largest vessels Erria headed for new growth strategy following change in ownership Product tanker dips to lowest level since the financial crisis Shipbuilder Daewoo hints at possibility of sale Maersk Line and MSC back in Top 3 in new schedule reliability survey Who will make the first move in product tanker consolidation?Cosco's acquisition of Hong Kong carrier nears deadline Djibouti: Significant interest following DP World exit OW Bunker's bank wins key victory in the US Shipowners call for support from new EU budget Trade war between US and China could erupt Friday Rolls-Royce to slash thousands of jobs in latest restructuring Trump lashes out at OPEC's oil prices Former major Norden shareholder delivers record result Shippers complain to the EU about liner companies' emergency BAF Stena Line expands route network in the Irish Sea Hyundai Merchant exits another partnership with Maersk Line and MSC Team Tankers CEO invites large-scale tanker mergers Maersk closes three year-old container factory Lawyer after new defeat in OW case: "Fundamentally wrong"Trump is said to approve tariffs on USD 50 billion of Chinese goods Clarksons Platou projects scrubbers for Maersk Line's biggest ships Schulte Group launches new shipping fund Genco issues shares to finance four new vessels HSH Nordbank will invest EUR 700 million annually in shipping Strong reactions in Chile as Maersk shuts down container factory Trump targets USD 50 billion in China goods, vows more if needed Dorian LPG reports large deficit Dorian unanimously rejects BW LPG's takeover bid DP World rejects settlement in African port dispute Iran says three OPEC members to veto Saudi-proposed supply boost BW LPG calls on Dorian to listen to shareholders after rejected bid Media: Oil price changes sales prospects for Maersk Drilling OW court decision could create difference between foreign and Danish shipowners Equinor awards historically large contracts to three service companies Liner companies' earnings devoured by oil price in 2018 Noble Group halts shares as restructuring deal hangs in balance Nordea will increase loans to shipping after several years of caution Tanker shipowners turn to leasing in tough market Shipping associations propose new sulfur plan for IMO China vows to retaliate as Trump targets USD 200 billion in tariffs Paddy Rogers points to rival as potential main player in consolidation Moody's projects profit growth of 4-5 percent in shipping Denmark wants EU to enter fight against South Korean state aid New dry bulk player will raise USD 140 million through New York listing Cargill will reduce CO2 emissions by 15 percent in two years MOL and Akastor form joint venture in offshore Scan Global sends controversial bunker surcharge on to customers McKinsey outlines the next 25 years for container shipping Analyst: Borr Drilling is the new star of the rig market Maersk Group appoints new CFO Maersk Tankers ready with new digital tool developed by hedge fund APM Holding banks on hot water instead of black oil Wilbur Ross accused of insider trading in Russia case Scorpio Tankers: No compelling arguments for scrubbers Clipper's Irish ferries boost capacity EU retaliation against US over metal tariffs to start June 22 CMA CGM acquires Finnish logistics company Cosco's new vessels deemed biggest threat facing container shipping South Korea awards state aid to shipping suppliers This is how the trade war will impact container shipping Noble's marathon revamp nears finish after Goldilocks deal Maersk had doubts about its Chile container factory even prior to its launch Shipowner Danaos refinances billion dollar debt China preparing tough response to US tariffs OPEC works toward deal as Saudis propose plan for higher output Weco Tankers reduced its deficit in tough 2017 Dry bulk shipowners see benefits to Trump's trade war DFDS faces acute shortage of IT employees Prosecutor also appeals verdict in OW Bunker case Foreign companies go free in Icelandic cartel case New EU tariff intensifies trade war with the US Noble Group receives commitment on trade finance facility Here are the carriers that have chosen scrubbers Large ship registry questions shipping lobbies in IMO DFDS to gain DKK 20 million from ferry sale Oil thieves in Singapore face long prison sentences Insurance company: Expensive oil spill cases are rarely caused by collisions Last week's top stories on ShippingWatch "I had no vessels, no activity and no money. I went from 7,400 employees to one"CMA CGM's founder Jacques Saadé has passed away World's biggest yard shuts down offshore division for now Denmark wants Italy to receive rescued migrants on board Maersk ship Odfjell ship behind large oil spill in Port of Rotterdam Major uncertainty surrounds oil production for the rest of 2018 More container brands could boost earnings Insurance lawyer opens Copenhagen office for UK-based P&I club Deutsche Bank eyes benefits to Star Bulk's large scrubber investment Ardmore's CEO does not see a need for consolidation Why shipowners hope to avoid transatlantic trade war Migrants on Maersk vessel disembarked safely on Sicily Pacific Basin bags major financing agreement Rates for the biggest tankers soar on the heels of OPEC deal BW LPG sends new merger plea to rival Dorian Top Norway oil analyst quitting DNB for riches of 2020 fuel rule Wrist Ship Supply will buy more companies ahead of 2021 The window for buying feeder ships could close soon New report criticizes the EU's focus on LNG Three things will change the gas market ahead of 2023 US startup to launch ship with new fuel type MAN Diesel & Turbo changes name EU considers tariffs on imported steel and aluminum US pressing allies to end Iran oil imports by November 4, official says Dorian declines BW LPG's new proposal Maersk working against the clock to secure license in Tunisia Greek shipowner Danaos: Rates have stabilized Viking Supply Ships sells three vessels at a loss A simple piece of math takes center stage in scrapping debate EU reviews container carriers' unique competitive edge Nordic American Tankers sells more vessels Now comes the year Desmi and the marine supply sector have been waiting for Trade war claims its first victim in the container industry Maersk Supply Service partners with Vestas Panama Canal opens way for more LNG tankers with US exports rising Subsea 7 bags large contract with oil major Total Dry bulk carrier postpones New York IPO Unifeeder forms partnership with CMA CGM in Russia Frontline buys stake in scrubber supplier Hapag-Lloyd eliminates jobs at its headquarters Shippers are increasingly dissatisfied with container carriers Northern Drilling secures contract with Wintershall Cargill boosts its dry bulk fleet EU leaders agree on strategy for trade war Maersk's new decommissioning venture now has a name I.M. Skaugen granted court protection in Singapore Hapag-Lloyd downgrades guidance for 2018 Media: US ports worried about trade war Sovcomflot establishes arctic gas joint venture Exit from Denmark leads to new CFO at Viking Supply Ships EU leadership extends economic sanctions on Russia Japan requests WTO inquiry into South Korea's shipping subsidies Data-driven hedge fund looking for partnership in dry bulk Four Thorco interim reports deemed invalid by accountant CMA CGM extends controversial surcharge through July Trump piles pressure on Saudis flummoxed by higher oil price Merger creates new oil major on Norwegian shelf Odfjell sells Rotterdam terminal Scan Global buys Australian competitor IMO subject to new criticism for lack of transparency Niche carriers expand capacity in battle for survival Orca now approved to trade insurance via Lloyd's USTC Chief Executive: Tough time to be in shipping this past decade Seadrill is now back after completing restructuring Bunker Holding's owner family has settled on future strategy Equinor to develop North Sea field Troll for billions Glencore plunges after US subpoena regarding money laundering Oil market turns its back on OPEC Bunker company Bomin appoints new CEO and closes office Carsten Plougmann chairman of new offshore venture DHT invests in scrubbers for 12 ships: "We come well prepared"Bimco: Trade war will have limited impact on volumes Drewry: Difficult to achieve strong ROIC on port investments Seadrill wins large claim against oil company These are some of Trump's weapons in China trade spat Monjasa expands bunker service to Northern France IMO considers introducing a fifth sulfur emission control area Commodity trader Trafigura biting into Monjasa's main business BP buys stake in West of Shetland at the expense of Alaska Media: China pushing for trade alliance with the EU Oil fluctuates as Saudis pledge more crude and US stockpiles drop Cosco lands crucial approval for giant merger EU Commission looks into South Korean state subsidies Trump ups pressure on OPEC to boost supply as oil holds gains IMO to discuss transparency and lobbying power Stolt-Nielsen after stronger Q2: Higher bunker prices weigh down earnings Frontline's scrubber acquisition could jump-start shipowners' sulfur decisions Maersk makes adjustments ahead of imminent trade war Brazilian prosecutor wants to withhold payments to SBM Offshore Yang Ming adds 10 new vessels to its fleets Zeaborn's German shipbroker gets two new managing directors Aegean in billion dollar financing deal with Mercuria Energy Seafarers' wages now increasing again Kongsberg buys Rolls-Royce's marine business Equinor buys energy trader Danske Commodities US pulls trigger on China tariffs, sparking vow of retaliation Evergas mixed up in owner's debt problems Welltec moves headquarters to Switzerland SDK aims even higher after revenue beats record level Rig company Fred. Olsen halts debt payments Jefferies projects further losses for Maersk in Q2 Iran calls on help from EU as yet another carrier exits the country BW Group buys bigger stake in Hafnia Tankers Endofa reports deficit after closing down in Denmark Record-low US oil stockpiles raise oil prices Cosco gets US approval for OOIL acquisition EU imposes safeguard tariffs on steel Maersk Line once again the most reliable carrier BW's purchase of Hafnia shares could lead to two scenarios Media: CMA CGM wanted merger – Hapag-Lloyd dismisses rumor Kongsberg's CEO on acquisition: First focus is to become profitable BW LPG raises its takeover offer for Dorian Oil price declines despite tensions over Strait of Hormuz Migrants and refugees have found new main route to Europe Norwegian rig workers strike in wage dispute Costamare charters vessels to Maersk Line and Yang Ming Sliding interest in newbuilds after strong ordering in first quarter Bimco: Transporting oil has never been less profitable BW and Hafnia Tankers partnership could create new hub in Denmark Total to offload former Maersk Oil fields Maersk heralds reduced capacity on key route in low season Denmark open to IMO reforms US poised to publish USD 200 billion China tariff list Skaugen and Teekay in dispute after collapsed partnership Hapag-Lloyd shareholder confirms French approach Bunker Holding says long-awaited consolidation now underway Cosco had to surrender key terminal to bag US approval Bourbon gets permission to postpone payments Kvaerner's order backlog grows EU committee agrees on proposal for waste in ports Daewoo and Singapore yard fighting for massive order Tariffs make life even tougher for Maersk Dan-Bunkering reports growth across the board DNB notes improvements in offshore and shipping Seadrill moves European headquarters to Stavanger Nordea's Nordic shipping head projects more business with LNG Aker Solutions benefits from increased activity in the oil market OPEC output may be stretched to limit by supply crises, IEA says Gentleman agreements sustain Stadil's loss-making ships Maersk Broker sees busy start to the year Maersk and MSC change their Atlantic route network DP World stands firm on rights in Djibouti dispute Media: Diamond S also headed into consolidation shuffle Filipino seafarers face new EMSA deadline Hyundai Heavy misses order target big-time for H1 Wärtsilä lands scrubber deal with MSC Aker BP more than doubles Q2 result Maersk Drilling secures two small contract extensions Cargill's earnings grow for third consecutive year Evergas CEO sees 2018 as a turning point Norwegian offshore strike continues with more than 1500 on strike South Korean yards ask steel industry to freeze price Major stakeholder in Dorian speaks up Trade crisis could prompt China to court EU at summit Uni-Tankers: The market is neither fish nor fowl without consolidation Seaintel eyes concerning signs for Asia-Europe NordLB expects imminent solution for capital expansion The Port of Antwerp foresees capacity challenges after new boost When Rio Tinto met China’s iron hand Djibouti offers compensation to DP World over terminal dispute BW LPG nominates three candidates for Dorian's board Big difference in rate drops between large container routes Panalpina increases profit in the first half of 2018 Alfa Laval's marine orders skyrocket in second quarter Tidewater joins forces with Gulfmark Maersk's new offshore venture will take 10 percent of billion dollar market Mining companies increase iron ore production in Q2 Investor pulls out of Ezra's rescue plan Nigerian Port Authority suspends four carriers for ten days EU & Japan sign comprehensive trade deal IMF warns of trade war and expensive financial markets Scorpio Tankers sells more vessels to lease them back Nine analysts have lowered Maersk's price target in a short amount of time Pirate attacks and vessel robberies in Asia declined in H1 Stena Bulk brings new vessels into tanker pool and sees opportunities for more Norwegian Shipowners' Association considers lockout to bust oil rig strike Global sulfur rules could prolong bulk recovery 2020 Bulkers considering US IPO Chinese player to charter up to 60 vessels from major tanker carriers Danske Bank interim report a costly affair for APM Oil trader Vitol teams with Peabody to grind coal for refineries Kuehne + Nagel grew in seafreight in H1 Maersk Line and MSC enter strategic deal with Israeli carrier Shipowners buy into Wärtsilä's environmental solutions Stena orders new vessels from Chinese shipyard Trade war dissolves demand for natural gas cargo from US to China Tanker carriers face another tough quarter Nordea reduces impairments in Q2 Analysts start recommending Maersk stock amid historic pressure Brexit may have consequences for the EU's debated scrapping yards How sulfur regulations prompted a Norwegian analyst to switch jobs First investment for Maersk's Africa fund shelved Royal Arctic Line orders vessels for remote areas Why investors in oil companies don't care about crude's drop Last week's top stories on ShippingWatch Media: Trump is willing to impose extra tariffs Maersk rushes against time to secure license in Tunisia Shippers are seeing fewer losses amid vessel-design improvements Freight forwarder Scan Global aims to double revenue CMA CGM buys stake in Belgian terminal from Cosco Wilhelmsen abandons large US acquisition A rare hedge fund bet targets the world's biggest shipping firm Solstad Farstad's subsidiary restructures debt Norwegian offshore strikes are over South Korean yards book deficit in second quarter Maersk Line back in business in Nigeria Trump's warning on new tariffs may make matters worse for transpacific shipping Dutch Ceva feels limited impacts from trade war Scorpio Bulkers books black figures in Q2 Maersk Tankers gets more pool partners in 2018 DP World saw lower growth in the second quarter Halliburton hits bullseye on analysts' expectations Number of shipping casualties declined last year Bunker One aims to open up to three new locations each year West Africa continues to be a piracy hotspot Iran will push back if the US blocks oil exports Halvorsen buys into new Norwegian tanker venture China expands sulfur zones across the entire coastline Maersk Tankers delays test project with giant sails Cosco attacked by hackers Nigerian Port Authority: Carriers have two weeks to toe the line Cosco warns of loss for tanker division ahead of interim report Greek container shipowner increased its fleet significantly in Q2 Scorpio Tankers buys 55 ballast water systems 169 ships ended up on South East Asian beaches in Q2 K Line and APL Logistics settle in bankruptcy rumour case CMA CGM axes Executive Group and reshuffles organization "Kidnappings have yet again proven to be a lucrative business for the pirates"EU & US reach trade deal Saudis suspend oil shipments via Bab el-Mandeb after attack Ukraine complains Russia is using new Crimea bridge to disrupt shipping Equinor earns USD 4.3 billion on operations in Q2 Hacker attack against Cosco spreads through the Americas South Korean shipyards increase scrubber installations on newbuilds Maersk's deadline in Tunisia postponed by one month Eimskip gets new major shareholder Container merger prompts Japanese NYK to downgrade forecast Media: Cosco carries out majority of OOIL acquisition CMA CGM extends emergency surcharge Saudi Aramco is weighing a global bond sale for the first time Analysts: EU and US have shared interest in a stronger WTO and weakened China Several of Cosco's systems still down after cyber attack New consortium will test blockchain in the bunker industry Diana Shipping books profit in Q2 BHP Billiton sells US shale assets to BP Strengthened bulk market gives Pacific Basin huge profit Highly anticipated trade deal has few actual consequences Half of Maersk Tankers' future leadership should be women Media: Nordic American Tankers' sold vessels have wound up at beaching shore Oaktree picks up large stake in ship management company Contaminated fuel oil has reached the world's biggest bunker port Scrubber suppliers working to reduce delivery time Cosco getting hacker attack under control European shipbuilding major reports less than stellar first half of 2018 "Maybe tanker carriers should start by looking at their own business"Bunker prices could increase 25 percent throughout 2018 Subsea 7's bottom line down almost 50 pct in Q2 Trading partners prepare counter to new Trump tariffs Container sector still struggling with schedule reliability Japanese shipping companies in the red after ONE launch Hafnia Tankers enters new million dollar sale and leaseback deal Kontainers challenges Flexport: In five years thousands of forwarders must be digital OPEC oil output climbs to record level this year Aker BP makes new large-scale acquisition in Norway BP quadruples profit in second quarter Lightship will open new offices in 2018 as well as 2019 Bunker carrier Brightoil in talks to sell its entire fleet Scorpio Tankers has lost USD 100 million in six months Odfjell hesitates over Feringa's open invitation DSV upgrades its expectations after record Q2 result US and China aim to restart talks to defuse trade war, sources say Norvic hires former Lauritzen VP as head of dry bulk Ardmore's deficit grows in strained tanker market How China now controls a significant slice of the global container market DSV Chief Exec: It's like a law of nature that we improve our results every year DFDS preparing for long lines of lorries at Dover after Brexit Italian d'Amico's deficit continues to grow Transocean books billion dollar impairment in the second quarter Tanker sets new record on the Northern Sea Route Oil tanker owners are scrapping the most ships in decades Fredriksen's LNG carrier appoints new CEO Seaspan more than doubled its profit in the second quarter Surging oil price spurs Norway to make first deposit to its wealth fund since 2016 Trump threatens higher tariffs in bid to corner China on trade Report: Pirates have kidnapped 35 seafarers in the Gulf of Guinea this year Höegh Autoliners books new major deficit Teekay Tankers remains optimistic despite dreadful tanker market EU blacklists major Russian shipyard due to Crimea conflict DP World wins arbitration case for Djibouti's Doraleh terminal Norwegian marine venture cost Rolls-Royce billions in NOK Port giant Hutchison sees trade war as a risk Kuehne + Nagel bolsters perishables business with new acquisition Bad bunker in Singapore could be an early warning of something much bigger Oil industry starts eradicating ship fuel supply before IMO 2020 sulfur cap Container rates climb to highest level in a year This summer looks like a new disappointment for anchor handling vessels Risk Intelligence seeks IPO to kick start major expansion plan Petrobras reports biggest profit since 2011 China plans tariffs on USD 60 billion of imports to counter Trump Last week's top stories on ShippingWatch US announces strict enforcement of sanctions against Iran Cosco replaces OOCL executive team Major German investor wants to buy up in MPP after banks' exit DP World to Djibouti: Doraleh concession still valid SeaIntel: Market balance by 2020 no longer realistic Vale picks scrubbers for its new generation of bulkers Mats Berglund: Dry bulk can withstand even lower economic growth North European container market weighed down by two countries Prosafe lands deal with Cosco for problem rigs Scorpio Bulkers gets millions of dollars in credit from Nordic banks Hamburg Süd vessel detained with a ton of cocaine DP World buys feeder operator Unifeeder EU rejects postponement of scrap rules despite criticism "The coming years will be entirely unique in Equinor's history"German investor hires experienced shipping executive Commerzbank eyes improvements for container and bulk UASC sues bunker major for bad fuel Trade war hits US export of LNG and crude oil Unifeeder sale could kick off new consolidation Trafigura to build large oil terminal in Texas Navigator shows red figures due to low rates and costly fuel Maersk lowers expectations for full-year result Germany plans further curbs against Chinese investors 2020 sulfur cap may boost carriers' earnings Marine insurer UK P&I Club taps Rotterdam after Brexit Eagle Bulk maintained growth in Q2 Orca in the process of establishing its next European office DHT reports deficit in continuously tough tanker market Star Bulk eyes healthy fundamentals in dry bulk Odfjell to pay damages from Rotterdam oil spill Tanker market squeezes Norden's 2018 forecast towards zero Shipping bank Maritime & Merchant plans 2019 IPO Shipowners accuse OW Bunker of acting in "bad faith"This is Unifeeder's and DP World's combined market Maersk Tankers wants to optimize using ideas and data The fleet of idle container ships may double Euronav's result clearly worsened by downturn in tanker Better dry bulk market brings Genco closer to profit Vessel sale increases SBM Offshore's earnings South Korean yard struggling to sell assets DP World upgraded by rating agency Maersk and IBM unveil digital collaboration Bulk operator faces large claim after buying dirty bunker Russia threatens to retaliate US sanction in new looming trade war Wallenius Wilhelmsen chooses scrubbers for 20 ships Hapag-Lloyd books deficit of EUR 100 million Aker Solutions and Kvaerner secure Svedrup contract extension Wilhelmsen reports large deficit after failed South Korean merger Hyundai Merchant Marine becomes HMM Maersk has listened to criticism of its digital platform Canadian bulk operator Norvic hit by bad bunker in Panama Norwegian shipowner charged with illegal scrapping Hapag-Lloyd tests both scrubbers and LNG ahead of 2020 Europe shows it is getting serious about buying US LNG Last week's top stories on ShippingWatch Higher bunker prices hit Yang Ming in H1 U.S.-Iran sanctions give China lead in world's top gas field Clarksons weighed down by challenging shipping markets Habben Jansen: All signs suggest a recovery later this year Zeaborn combines acquisitions in new company Intertanko fears "global epidemic" of bad bunker Eurogate will have to fight its way back in a low-growth market Turkish turmoil triggers record-decline in DFDS stock China wants more ships to sail on LNG Shell returns to deepwater drilling Evergreen books deficit despite higher revenue Container rates lag 14 percent behind bunker price As Venezuela disintegrates, a new breed of pirates threatens the Caribbean South Korea's yards beat China on new orders in first half of the year Contaminated bunker may have caused Thorco accident Svitzer and Rolls-Royce in new partnership with port operator South Korea's HMM reports deficit for first half of the year Sole Shipping on the lookout for more contracts Hyundai Heavy moves tasks to yard threatened with closure Concordia Maritime's deficit grows Norden's recovery hampered by dire tanker market Alphaliner: Capacity getting out of hand for liner companies Maersk Line is prepared for bad bunker Daewoo Shipbuilding's profit in big dive Damage claims from bad bunker grow in number Former Monjasa director joins Trafigura Oldendorff sells 13 ships and charters them back Wan Hai is first liner company to report Q2 profit Nordic American Tankers reports new deficit Tankers with scrubbers could gain advantage in 2020 Aker Solutions awarded Chinese umbilical contract DFDS ready for more growth despite Turkish uncertainty Maersk Line installed a "sleeping partner" in Tunisia Meldgaard: Crude tankers cannibalizing product market Epic Gas stayed in the red in the second quarter DP World reports lower profit in the first six months Boskalis in huge dive on weak offshore service market Norway's Vard to build world's first autonomous container ship Hapag-Lloyd places large order for reefer containers Maersk said to plan Drilling spinoff to focus on transport Kenya to revive national shipping line in partnership with MSC Maersk Ocean strained by dire container market Maersk will spin Drilling off and list it separately Genco finalizes large credit agreement Well-known marine insurer dragged into Norwegian scrapping case J. Lauritzen has gotten rid of several loss-making ships Golden Ocean chooses scrubbers for 16 vessels Acquisitions push Team Tankers into the black Celsius places USD 374 million order for LNG vessels Skuld Marine Agency charged in illegal scrapping case Aegean and US partner move closer together This is what it looks like when ships burn bad bunker Søren Skou: "We're now back as a growth company"Tariffs will hurt US more than rest of world, Maersk says Maersk establishes low-sulfur fuel venture in Rotterdam Hafnia wants shipping to join forces against bad bunker Top ship-oil hub needs more than Mideast flow to ease crunch More than 120 Greek ships may be affected by dirty bunker Western Bulk projects continued upturn in dry bulk after profit Lloyd Fonds to scale down shipping business Torm calculates with a 2020 boost of five percent Noble's founder declines new position Just three container carriers booked profits on operations in second quarter Deutsche Bank raises bet on Noble's USD 3.5 billion rescue plan Shipping companies ready to fight contaminated bunker Pacific Drilling settles restructuring plan China using Iranian tankers to circumvent US sanctions Mining accident drags down BHP Billiton in 2018 Maersk to send its first ship through Northern Sea Route Hafnia Tankers CEO confirms merger talks with BW Tankers Maersk Drilling could become one of the world's most valuable rig companies Container industry reveals its CO2 emissions in the past decade Oil companies raise Norwegian oil fund in second quarter US sanctions Russian ships for North Korea trade amid tensions ONE orders 14,000 reefer containers Nordic Shipholding lowers expectations for 2018 Frontline books major deficit for first half of 2018 Class action lawsuit about bad bunker would be groundbreaking Esvagt brings in new CEO from Teekay Japanese problem ships keep J. Lauritzen in the red More than 2000 vessels will get scrubbers before 2020 Norway's Shearwater buys seismic company in deal worth billions Hunter Group extends option for three supertankers Port of Gothenburg back on track after conflict Solstad Farstad hints at more mergers and acquisitions Zim reports deficit on low rates and high fuel costs Oil companies will boost investments on Norwegian shelf Aramco cancels IPO Maersk will use low sulfur fuel oil on first voyage in Arctic BW Tankers CEO steps down amid merger talks Borr Drilling reduces deficit in Q2 Prosafe eyes a market headed for normalization Here are the winners and losers in the battle for 2020 gains Port of Hamburg in yet another setback Sale of Rotterdam terminal hits Odfjell's bottom line Maersk Tankers in digital partnership with Klaveness Maersk will rebuild Honam to reduce losses Norway wealth fund should keep oil stocks, commission recommends VLCC rates are far from satisfying to Frontline Number of bad bunker cases has surpassed 150 Negotiations between China and the US at standstill Maersk Drilling nominates new CFO Media: HMM may receive billions in new subsidies Svitzer & Rolls-Royce in new collaboration with UK port operator Equinor slashes its development budget for Svedrup again Odfjell CEO: Chemical tanker recovery is imminent Noble Group's shareholders vote in favor of debt restructuring Bergen Group to merge with Norwegian subcontractor India's surging oil consumption could boost tanker market Peak season kicks off with rising spot rates Port investor sees significant need for consolidation in European ports DP World pursues unconventional path with Unifeeder acquisition Lundin makes new oil discovery in Norway Large-scale walkout at world's biggest shipbuilder Port of Hamburg cleared for fairway expansion after years of effort Melting ice in the Arctic is opening a new energy trade route Up to 28,000 new Norwegian oil jobs ahead Former Nordana execs launch new multipurporse operator An excess of ships pulled Avance Gas deeper into the red Maersk to announce major corporate reshuffle Norway is one of the world's hottest offshore markets right now Equinor announces new plans for the Norwegian shelf Commodities trader Gunvor pauses plans for low sulfur fuel Report: Every third carrier will not be ready for new environmental regulations Bulk operator Pioneer optimistic after Q2 profit Wintershall to invest billions in Norway ahead of 2020 Bad bunker compels suppliers in Singapore to rely on contract trick Here are the first big names for the Global Maritime Forum Maersk Drilling is ready to compete with top players Bank NordLB criticized in internal audit report Big surge in goods transported via the Northern Sea Route Only a few container ships will install scrubbers by 2020 Maersk negotiating several solutions for the 2020 sulfur cap Odfjell Drilling breaks even after H1 Star Bulk buys vessels from German shipping group Iraq says it's ready to boost oil exports once OPEC gives OK Landmark ruling on OW Bunker bankruptcy HSH Nordbank has calmed its shipping loans Maersk Drilling gets two-year contract in Norway Italy: Southern European ports should accept migrants in turn Deficit grows at BW LPG Investment in Singapore gives Baltnav huge boost Celsius' record investment is a 25-year bet on the gas market Equinor hikes investments in Brazil Oil seen getting USD 4 a barrel boost on tough new ship-fuel rules Donald Trump threatens to withdraw the US from WTO Cosco Shipping believes in a more stable container market Feederships' rates and prices in steep incline NordLB is EUR 2.7 billion short of reduction target for non-performing shipping loans OW estate takes first strike in the battle for USD 100 million Old ships and challenging market sends Sovcomflot into the red Wind propelling Maersk Tankers' oil transport Last week's top stories on ShippingWatch Corrected: HMM: Still a chance of profits ahead of 2020 45-month order drought starting to hurt in South Korea Total wants bigger stake in the North Sea BW LPG's courtship of Dorian at standstill Songa Bulk appoints new CEO to replace Billung Stellar Daisy's black box will be salvaged Coast Guard approves new ballast water system in the US Kuwait's oil company wants to be operator on Norwegian shelf Tufton Oceanic Assets to raise capital for second-hand vessels MSC Scandinavia's CEO has stepped down Blockshipping looking for new investors after ICO flop Havila Shipping's downturn continued in second quarter Endofa accuses former partner of million dollar fraud in Angola Euronav CEO warns against scrubbers New global multipurpose player gets green light Transocean agrees to buy Ocean Rig in billion dollar deal US pressure halts Japan's import of oil from Iran China tightens sulfur regulations on key trade route Oil trades near USD 71 as storm threat mounts in Gulf of Mexico DSV buys Dutch e-commerce company Kuehne+Nagel analysts eye clear sign of a slowdown in growth CSAV could follow same path as Hapag-Lloyd in 2020 Eagle Bulk will install scrubbers on upwards of 37 ships China gearing up to buy more natural gas Air lubrication device will save fuel on MSC ship Alphaliner: Container growth has begun to slow down Transocean acquisition marks milestone in rig market recovery Maersk Tankers hires CFO from Danske Bank Calls for tighter cargo rating after toxic gas incident on bulker Two big container players chose low-sulfur bunker for 2020 deadline MAN secures record number of cruise orders APM Terminals hit by labor strike in Colombia Maersk's Chief Digital Officer Ibrahim Gokcen leaves the group Panalpina appoints new head of Ocean Freight ESPO: European ports need massive investments in coming decade UK ports expect new business post Brexit Former partner hits back at Endofa: "Unprofessional and sad"Norwegian oil investments could reach new peak by 2020 Bourbon Offshore expects low rates into 2019 Total invests green – still banks on oil Drewry: Trade war unlikely to slow bulk recovery New report: "China's strength is overwhelming" EU rejects investigation into disputed surcharges Hyundai Heavy's CEO appeals to employees' conscience Exmar back in black in first half of 2018 Norwegian mega-fund presents new requirements for shipping and offshore CMA CGM steers clear of trade dispute between US and China – for now Skuld boosted by fewer claims in first six months Analysts want more Norwegian offshore ships stacked Alfa Laval bags order for 80 ballast water systems This is how Maersk avoids bad bunker Norway's new oil minister: Oil and climate goals can go hand in hand CMA CGM reports big slide in earnings Bimco: Shipowners must take their own precautions for bad bunker Star Bulk opts for scrubbers for its full fleet The big container carriers deliver the best results Equinor's CEO eyes risk of fluctuations in the oil price Klaveness subsidiary issues private placement shares to expand fleet Shipping's environmental first movers stand to gain financial edge Torm buys ballast water systems for 47 vessels Displeased shippers will pursue bunker surcharge complaint at national level Norwegian bank has good news for oil service players Offshore wind turbines could power future ships Maersk Line installs scrubbers after all Analysts see several upsides to Star Bulk's scrubber decision Hyundai employees to strike in support of offshore colleagues Six out of ten Norwegian oil companies expect growth Celsius looking "with interest" at new product tanker purchase Financial losses from cyber attacks now exceed natural catastrophes Maersk will present organizational overhaul next week Dorian irritated by comments from BW LPG DFDS will now install scrubbers on its Mediterranean fleet Shipowners fear engine failures as industry forced to upgrade fuel Team Tankers extends contract with CEO Feringa Damco's logistics business looks set to be merged into Maersk Line Positive developments for liner companies could be short-lived Shipping increasingly caught in trade war crossfire Maersk winds the clock back 20 years with Damco decision Rising oil price boosts oil companies with billions EU Commission proposes bolstering coast guard with thousands of staff and billions of euros Seadrill gets financial breather and is optimistic about the future Europe's biggest port says companies not doing enough for Brexit Indian yards could miss deadline for scrapping list Media: Equinor to close the biggest moneymaker in Norwegian oil history IBIA chief executive steps down Drilling CEOs anticipate more consolidation in rig market Two VLCC players keep the order book hot and buy old ships ExxonMobil prepares refinery for global sulfur cap IEA flips on a dime and now projects rising oil prices New ruling splits responsibility for MSC ship explosion For the first time in 45 years, the US is the largest oil manufacturer China will not be bullied by the US in trade dispute MSC presents its five global values Odfjell decides against scrubbers Solstad Farstad expects low rates towards 2020 Ardmore expects 2020 gains of up to five percent Hurricane Florence will impact shipping Media: EU countries working to circumvent Iran sanctions Top negotiator doubts EU's trade deal with Mercosur Top Stories of the Week Newspaper: Trump escalates trade war with China One month in particular delayed liner companies in first six months Maersk Line introduces bunker surcharge for 2020 sulfur cap Panama preparing for fewer ships from US and China Deutsche expects significantly bigger 2020 gains than the shipowners Container ship has sailed on used cooking oil Maritime services left dangling in unfinished Mercosur deal Zeamarine in talks to acquire Hansa Heavy Lift Soaring European gas market could benefit shipping ING Bank prepares environmental requirements for shipping The US escalates trade war with China Oil companies indicted in corruption case Maersk: New BAF is merely first step toward covering billion dollar 2020 costs DFDS will use Turkish acquisition to attract IT talents Petrobas awards Aker Solutions contract worth over USD 60 million Oil prices slide on trade war escalation Major stakeholders working to push back global sulfur carrying ban Evergreen tells stock exchange that M&A rumors are false Shipping companies can save money by changing bunker hubs EU Commission presents WTO reform bill Maersk confirms integration of Line and Damco Heavy lift takes the first steps out of a decade-long downturn Shipowner GSL looking to buy more container ships Tariff war now set to hurt American LNG export Financial crisis still looms over container carrier earnings World Fuel Services' global head of sales steps down Softer Brexit rhetorics but no resolution in sight Maersk rivals agree: The price of cleaner fuel should be pushed on to customers Greenland supports Arctic oil ban China is said to plan broad import tax cut as soon as October Marine insurers elect new president Damco maneuver could cost jobs among regional leadership Former Norden shareholder sells all Borr Drilling shares CEOs in shipping and logistics believe in future growth OECD lowers expectations for global growth Tanker market will remain strained in 2019 Regulations for methanol sailings underway Trafigura kicks off large-scale newbuild program Maersk ship arrested in Tunisia by displeased Honam customers Trump presses OPEC to reduce oil prices as Brent nears USD 80 China considers ban on open-loop scrubbers Analyst casts doubts on product carriers' 2020 hopes Owner weighs sale of Norwegian oil service company Private equity investor Hitec Vision continues shopping spree Trade war puts damper on growth in South Korea's ports Noble Chartering CEO: Additional ship sales likely in store Top Stories of the Week K Line hedging its bets ahead of global sulfur cap Oil rises near 2-month high as OPEC stops short of pledging more Carsten Mortensen steps down as BW Group CEO China says no talks under tariff threat as Trump threatens more Shipowners criticized: Unnecessary for the EU to approve beaching facilities Ardmore orders ballast water systems for 18 ships Brent oil highest since 2014 as OPEC stops short of output hike Bomin shuts down two of four offices to be ready for 2020 "This was probably my last turn as CEO"Maersk and MSC remove capacity on critical route Credit rating gives DSV new opportunities in acquisition hunt Wind service carrier Ziton raises DKK 900 million MSC follows suit with new bunker adjustment factor Deepwater oil rigs on brink of recovery after years in doldrums Danaos operating in "skeptical" market Heavy lift player Ocean7 has quadrupled its results in four years Boskalis to sail on biofuel on offshore project China rejects ban on open loop scrubbers Oman's Renaissance mulls USD 1.5 billion Topaz Energy IPO The German fleet has lost a third of its tonnage This is how Maersk Supply Service will make money in the future Shippers slam container carriers' new bunker surcharges New deal will make it possible to trade with Iran OECD report points to huge potential for information sharing in shipping Offshore struggling despite oil recovery: "There are simply too many vessels"Trump attacks OPEC again for pushing prices too high Maersk changes stowage rules for dangerous goods after Honam fire Vopak expands tanker capacity in Singapore ahead of 2020 regulations Iranian oil tankers go dark with 1 1/2 months to go to sanctions Hafnia Tankers' new board of directors has been settled Equinor & Aker Solutions strengthen their close ties EU will defend carriers and yards against Asian subsidies Lack of financing breaks Norway's Skaugen Maersk rejects customers' criticism of new surcharge Peter Döhle behind new consolidation in multi-purpose Intertanko: Scrubbers have a timeframe of ten years Qatar's oil company increases LNG production BBC Chartering has been hit hard by bad bunker Exxon launches new unit for low-sulfur fuel MOL and Rolls-Royce complete test of system for autonomous ships Financial police drop OW Bunker price manipulation case European shipowners want more yards on EU's scrapping list WTO now lowers its global growth outlook Mats Berglund joins board of Ardmore UASC drops lawsuit against bunker company NordLB to cut 1200 jobs ahead of 2020 Aegean Marine Petroleum's President steps down No delay, no cheating: The IMO gets tough over 2020 fuel rules Petrobras agrees to pay USD 853 million to end 'carwash' probes DFDS prepared for Brexit both with and without a deal Wintershall and DEA set to merge This is why DNV GL sees environmental shipowners as winners Three South Korean yards will fulfill HMM's mega-order Customers now have a window to voice their criticism of container carriers Seadrill booked huge impairment on three rigs in first half of 2018 Cargill exceeded USD 1 billion in first quarter Bugbee does not see scrubbers as a long-term solution Former CEO of Dutch SBM receives prison sentence in bribery case Wärtsilä splits business into shipping and energy divisions Nordic Shipholding: We are losing money every day Maersk and Torm criticize controversial sulfur proposal Norway spends NOK billions on Rolls-Royce Marine Prosafe boosts its share price by 150 percent The majority of refineries will produce heavy fuel in 2020 Maersk ship has been released from Tunisia after arrest Maersk rumored to be interested in Brazilian port Seaintel: Customers alone can pay the sulfur bill Shell, partners announce USD 31 Billion LNG Canada investment Norwegian businessman considers merger with offshore carrier Bad bunker may accelerate changes in bunker industry Inside Maersk Line's biggest challenger Ship sold for record-high scrapping price to Alang Torm joins carriers' new scrubber alliance Maersk Tankers gets new headquarters in 2019 IMF director sees worsened economic outlook New study: Shippers poorly prepared for sulfur cap Worried maritime stakeholders: The sector is not prepared for global challenges Borr Drilling sends four rigs back to the market UN points to seven new trends in shipping for the years to come Singapore braces for 2020 with four major projects Iran's container line forms venture with Chinese player shortly before sanctions Here are the new OECD recommendations for future ports "The customer is not always right"Shell unveils post-2020 low-sulfur fuel plans Seaspan to invest in crisis struck offshore company Alphaliner points to holes in Maersk's new bunker surcharge IMO secretary general: Sulfur deadline is set in stone 34 maritime CEOs demand faster climate action Big banks incorporate climate considerations into shipping loans Global tensions weaken Maersk Line's expectations Stolt-Nielsen expects weak chemical market into next year ExxonMobil presents its vision of the bunker scenario in 2020 Trafigura secures billion dollar credit facility Habben Jansen: The growth advantage has diminished Anglo-Eastern: Bugbee is right about his prognosis on scrubbers Carsten Mortensen steps down from DHT board of directors Intercargo: Why must shipowners pay the bill?Drewry projects even more bad news for container carriers Several major ports in play as Maersk's new bunker hubs Scorpio Bulkers bags new credit facility Labor strikes are over but AMPT Gothenburg has far to go Investors anticipate oil price above USD 100 Cable major NKT books Johan Sverdrup order Habben Jansen: No carriers can cover extra costs from sulfur cap themselves Kongsberg eyes huge market for cyber security in shipping South American export slows down trade war impact Prospects of significant rate hikes already in 2019 Oil drops on Saudi assurance and hopes for US waivers on Iran Container carrier PIL forms digital partnership with IBM Søren Skou wants to add DKK 100 billion to Maersk's revenue BW LPG withdraws offer to buy Dorian J. Lauritzen's chairman steps down Equity fund Hitec Vision to sell oil services company for billions Grimaldi preparing next generation of ships Hapag-Lloyd passes billion dollar sulfur bill on to customers Rig companies join forces in large-scale major Iranian shipping has only one slim hope left Shipping organizations: EU should be tough on South Korean subsidies IMF cuts forecast for global growth as trade war takes its toll At Scandlines, the Fehmarn fixed link is only a maybe Trafigura sells half of subsidiary to infrastructure fund Maersk lands "historically large" order on reefer containers from Hapag-Lloyd Norway will let Color Line out-flag international ferries BW LPG continues search for new acquisitions after Dorian rejection IEA Urges OPEC to open the taps as oil market enters 'Red Zone'Fearnley Securities is confident in offshore sector turnaround Parties behind controversial sulfur proposal issue response Scorpio Tankers prepares for 2020 with massive capital increase Genco picks scrubbers for large bulk vessels Scrubber supplier has full order book into 2020: "We have turned many customers away"Supertankers sailing around like ghost ships in order to dodge sanctions Former Maersk exec appointed new managing director at World Shipping Council Construction boom in Southeast Asia promises improvements for multi-purpose Norwegian government to spend millions on oil search in the Barents Sea Maersk Line COO: Damco decision was necessary US soy bean export to China down significantly in 2018 CO2 and sulfur will be on the IMO agenda two weeks from now This is your shipping calendar for January 2019 HMM secures subsidies for major order CMA-owned Ceva rejects purchase offer Maersk secures bunkering deal in Singapore Donald Trump is rerouting the world's oil tankers Eni and BP to kickstart oil operations in Libya The oil industry fears green governments Stena Bulk establishes new tanker company in Asia DSV behind rejected offer on logistics company Ceva Pacific Basin forecasts "favorable" dry bulk market despite trade war Color Line re-flagging sends Nordic carriers into new market battle Maersk sets size targets for its business units in internal plan Norwegian climate professor: Norway should completely phase out oil by 2040 MEP puts pressure on EU Commission to address state aid in shipping Panama Canal sets new record in 2018 EU Commission approves extension of Denmark's tonnage tax scheme Fredriksen's Flex LNG raises billions NOK for new vessels Oil pares weekly loss as supply Concerns Offset Flight From Risk Maersk Drilling customer reveals contract price for first time in 1.5 years Hapag-Lloyd and ONE joins forces on feeder routes This is why the UN sees risks in container consolidation Brexit talks put on hold as stalemate deepens Port of Gothenburg begins large-scale expansion OOCL forwards sulfur costs on to customers Mortensen exits boards of BW shipping companies This is how much state aid HMM could get in 2018 Former Maersk chief digital officer joins Maersk Tankers board Loss of neutrality is risk of Maersk's integration of Damco MSC to track containers in real time Record-number of blank container sailings in third quarter Significantly bigger capital needs will strain bunker sector from 2020 Singapore's port authority gets new chief executive Analyst firm: Huge interest in LNG projects in 2019 Scorpio puts a figure on scrubber investment Moody's: German shipping banks have reduced exposure significantly Rolls-Royce partners with tech giant for autonomous vessels Newly established ONE expects major deficit in its first year Staff positions at Maersk companies to be hit by streamlining Multipurpose giant AAL: Industry faces three difficult tasks Two ships with US soybeans head to China as trade war lingers Denmark earmarks millions for sulfur monitoring Commodity trader Gunvor ties new credit line to green targets V. Group acquires German shipowner Norddeutsche Reederei Bomin denies responsibility for Thorco accident More than 1000 scrubbers ordered in the last six months Maersk sells container terminal in Turkey JP Morgan has positive view on dry bulk market in 2019 Japanese container shipowners sees shares plunge after major downgrade "Shipping can no longer work in obscurity"Schlumberger books new huge deficit in Norway LNG ships will soon account for most of DSME's revenue Iranian container liner reconfigures network before sanctions "Are we paying for scrubbers, marine gas oil or LNG?"CMA CGM increases its stake in Swiss logistics company Goodbye to u-turning supertankers as world's ship fuel is upgraded 79 ships scrapped in South East Asia in the third quarter Kuehne + Nagel reports major growth after gaining market shares Noreco buys Shell's North Sea business Singapore wants to 3D print infrastructure in ports ExxonMobil invests billions in Chinese LNG market Frustrations about bad bunker remain intact Shipping's climate ambitions will now be tested Greek shipowners criticize IMO for allowing scrubbers The US wants WTO to look into international trade dispute Swedish oil executives could be prosecuted for war crimes Hapag-Lloyd: New BAF will break with old policies DP World looking at Eritrea as a way to sidestep Djibouti troubles Iranian oil reaches China before sanctions Aker BP reaches revenue of one billion dollars Equinor makes second million-dollar divestment within a few days Will high-wire environmental discussion end up as a failed coup?This week's top stories on ShippingWatch No supertanker orders in the third quarter South Korea to provide financial assistance to yards Critical deadline reduced to footnote in IMO climate roadmap Solstad asks creditors for help ahead of tough winter season European and Asian shipowners dominating container industry Trump's sulfur comments shake bunker market J. Lauritzen has a new bulk CEO EU stands firm: Scrapping can be managed without beaching yards "Something will happen between Torm, Maersk Tankers, Ardmore and Diamond S"Significant improvement in Scorpio Bulkers' results Drewry projects record-low growth for container terminal capacity The US defends support for sulfur proposal in 11th hour Sulfur regulations boost Wärtsilä's order book Noble Group applies for protection in the US Kvaerner is optimistic despite significant decline in earnings BW takes bunker supplier to court in case concerning contaminated fuel DP World's freight volumes slide due to trade war concerns Higher oil price boosts container trade in West Africa ahead to 2021 Competitors ready to take over from Bomin in Singapore Media: Owner close to partial sale of DVB IMO to combat plastic waste from ships MEPC meeting paves the way for carriage ban on heavy fuel South Korea invests millions of US dollars in HMM Entrepreneurs to create new business at Maersk ONE carriers dethroned in the Pacific NGO: LNG is just as bad for the climate as other fuels Nordea reduces loans and provisions to shipping and offshore Aker Solutions order book grows but price squeeze continues D'Amico's CEO steps down Former partner sentenced for defrauding Endofa Private equity firm Altor eyes end of Wrist ownership Lightning fast negotiation of controversial sulfur proposal launches new talks at the IMO Equinor presents biggest profit in four years Panalpina increases earnings despite uncertainty - trade war looms CMA CGM matches DSV's offer on Ceva Oil company loses chance to appeal damages claims ruling in Danish court DNB impairs over USD 30 million on shipping portfolio Star Bulk refinances major loan Container carriers' reliability has never been worse than in 2018 Significant growth in marine orders at Alfa Laval Kuehne+Nagel confident of strong growth despite looming trade war Oil companies will pump more than USD 43.1 billion in the North Sea DSV upgrades expectations for 2018 China adopts IMO's ballast water regulations Highest maritime order intake at Kongsberg in several years Total raises earnings by almost 50 percent Zeamarine changes key post IMO adopts heavy fuel carriage ban Rolls-Royce believes in looming break-even for autonomous shipping US sanction threats work: Danish carriers have pulled out of Iran DSV does not share Kuehne+Nagel's ambition of growth This week's top stories on ShippingWatch Brazilian soy bean export set to beat record expectations Russian oil industry set to lose billions in ship-fuel overhaul Maersk Line COO describes new carriage ban as a milestone Decision on stricter requirements for ship designs pushed to next year Piracy statistics set new historic record Norwegian oil fields shoot significantly below targets in launch phase New oil deposit found at Johan Castberg field World's biggest bunker company earns more but sells less Maersk Line hands power back to "the Kings"One route in particular boosted OOCL in the third quarter New executives appointed to Seaspan's executive management This is your shipping calendar for February 2019 This is your shipping calendar for March 2019 This is your shipping calendar for April 2019 This is your shipping calendar for May 2019 This is your shipping calendar for June 2019 This is your shipping calendar for July 2019 This is your shipping calendar for August 2019 This is your shipping calendar for September 2019 This is your shipping calendar for October 2019 This is your shipping calendar for November 2019 This is your shipping calendar for December 2019 11 seafarers kidnapped from ship chartered to Maersk Line in Nigeria Maersk still trying to get carriers on board digital cooperation Noble Group flags another loss as restructuring costs mount Shipowners merge fleets of smaller container ships Harsh criticism: IMO is too slow on key climate agenda Transocean reduces billion dollar deficit in Q3 BP beats own record again in Q3 Analyst projects significant reduction of Solstad's massive debt Paddy Rodgers voices new criticism of scrubbers Analyst firm: This will be the extent of shipowners' sulfur bill to consumers Topaz stayed in the black in the third quarter This is why Euronav can hesitate on scrubber decision Chinese acquisition boosts Seaspan in 2018 Japan's ONE projects billion dollar savings after half-year deficit RAL and Eimskip lack important approval for cooperation Maersk disregards EU shipbreaking list and will send more ships to Alang Scorpio Tankers' deficit grew in the third quarter Dorian LPG expects more balanced VLGC market Growth in the container fleet hits the highest level in three years Vitol: Uncertainty about fuel price complicates sulfur preparations World's largest shipyard books deficit in Q3 Maersk launches new model for speedy container booking Hydrogen is starting to look like a possible alternative fuel for shipping Royal Arctic Line maintains expectations despite larger deficit Shell continues to grow Analysis: Sanctions have returned oil transport to Iranian shipowners Samsung Heavy Industries follows major competitor into the red Yards have yet to deliver almost half of 2018 orders Container shipping could lose its unique competitive edge Future shipping executives have set demands for their next job Cosco's revenue boosted by OOCL acquisition Three pirate attacks in one day off the coast of Congo Zeamarine appoints new CCO China's participation a question mark at important meeting on state aid to yards Fierce criticism of container alliances in comprehensive report Frontline buys scrubbers for more 12 vessels Could Counter-Strike players be the seafarers of the future?DHT reports double-digit million dollar deficit in strained tanker market Gunvor projects cap on oil price hikes in 2019 US oil company increased top line significantly Bunker industry struck by potential fraud case worth up to 300 million It's the Iranian oil guessing game. And the bears are winning New tanker carrier expands order book on VLCCs Conciliator to help French offshore carrier with rescue plan Sanctions against Iran are now a reality Monjasa lands credit agreement with JP Morgan Euronav hit by bad bunker: "Somebody had dumped a waste material into the fuel"Media: BW Group close to sale of chemical tanker fleet German shipping bank scores low ranking in EU stress test DP World sues China in African terminal conflict Golar LNG expects better rates after large profit Oil Declines to 7-Month Low as Worldwide Supply Anxieties Ease US warns shipping against dealing with Iranian companies Alfa Laval appoints new president for its marine division Aegean Marine Petroleum files for Chapter 11 Here is the list of strained Aegean Marine's creditors Jan Dieleman has set three goals for Cargill Ocean to succeed Fredriksen company bags USD 80 million in vessel sale German carrier and Singapore-based ship manager establish tanker pool Prosafe reports positive operating result for third quarter Major carriers and terminal operators enter blockchain partnership Norden aims to beat the market with its Dry Operator unit Solstad reports double-digit million dollar deficit for third quarter Lundin's operating profit soared in third quarter OPEC ministers meet as oil's slump spurs talk of another u-turn Container carriers were never fully sold on scrubbers The largest container carriers to launch new global association Wintershall taps Maersk Drilling as preferred contractor Wallenius Wilhelmsen hit by surging fuel costs US oil exports to China hit zero again Hapag-Lloyd more than doubled its bottom line Ardmore's deficit grew in tanker downturn Norden CEO on Iran: A higher oil price is already factored into the market Eagle Bulk secures bondholder approval for scrubber financing Genco made a profit in the third quarter Bunker association IBIA worried about Aegean case Paolo d'Amico named new CEO of d'Amico International Shipping Bourbon Offshore expects low rates to continue Habben Jansen looks toward 2020: It's not that bad Avance Gas lands new deficit despite doubling of rates Asian shipowners are now testing low-sulfur bunker Subsea 7 expects no recovery until 2020 Analyst: Blockchain competition is healthy for shipping Odfjell projects that the market will recover... soon ExxonMobil: Shipowners have yet to prepare for 2020 Aker CEO acknowledges: We invested in Solstad too early Hapag-Lloyd CEO says life will be more difficult without block exemption Torm forms joint venture to manufacture scrubbers Viking Supply books Q3 profit following sale of ships Maersk Drilling and Microsoft enter new digital partnership Kuehne+Nagel opts out of hectic acquisition rally The US demands shipping exec extradited in cartel case Boskalis still hit by tough market Aegean's savior prepared to take over the entire company Analyst: Joint standards are necessary for the liner sector Jeremy Nixon looking into unpredictable 2019 Oil futures climb on prospect of OPEC curbs in 2019 Oil industry can save USD 75 billion annually with digitalization Peaking container rates bode well for Maersk GoodBulk lands Q3 profit of USD 14.5 million One in four MR product tankers are now sailing with chemicals Three pointers: This is how shipping attracts digital talents Brexit slows down DFDS' growth in North Europe Wan Hai places large order for feeder ships Trump urges Saudis and OPEC to keep pumping Industry searching in vain for the source of bad bunker Deficit-making Nordic American Tankers reports stronger rates DFDS Chief Exec preparing for Brexit disruptions into 2019 IEA fears major price hikes for oil DOF Subsea reports new large deficit Maritime companies aim to safeguard their talents Noble Group caught out on LNG cargoes as trader reports loss Alfa Laval projects even bigger market for ballast water systems UK and EU agree on Brexit text, now cabinet puts it to test Maersk's core business grew in the third quarter Team Tankers reports new deficit for third quarter Navigator reports profitable third quarter Maersk fine-tunes Drilling for listing next year Japan complains to WTO about competitor's shipbuilding subsidies Rystad expects big surge in oil price by 2020 Bimco ready with two new bunker clauses ahead of 2020 MPC Container Ships ready to invest big-time in scrubbers Hamburg Süd synergies help Maersk in risk-fraught market World's top container carriers confirm new global association Torm's deficit grew considerably in historically weak market Equity firm to take over NordLB's bad shipping loans totaling billions SBM Offshore bolstered by vessel sale and settled insurance case Skou says Maersk is ahead of CMA CGM and Cosco in terms of blockchain NGO worried that major nations could shut down IMO transparency process New analysis outlines best path to green shipping Teekay projects sustainable recovery for tankers Torm CEO after large deficit: Market has already turned Here is the roadmap for the liner companies' new global initiative Danaos books slightly stronger result in weak charter market Maersk Line will install scrubbers for USD 80 million Noble's new shipping venture will multiply the number of vessels – quickly J. Lauritzen expects improvement for dry bulk despite trade war Shell on the lookout for major tanker fleet Frontline's CEO confident in better crude market despite another deficit Iran sanction waivers may strengthen tanker market Zim starts to feel the benefits of 2M collaboration Trade war finally hammers commodity ships, confounding optimists Here is the cocktail that could prove a headache for J. Lauritzen This week's top stories on ShippingWatch Søren Skou is happy to speak directly to the carriers' major critic Verdict after liner companies' third quarter: Pretty decent HSH Nordbank's shipping portfolio in recovery Kuehne+Nagel monitors liner companies' climate footprint EU chief negotiator calls for calm and focus on fragile Brexit DNV GL: Hydrogen could be a reality on larger ships in 2030 Ultrabulk exploring sails for dry bulk ships Cruise operator Hurtigruten will sail on dead fish Drewry: Alliances could become replaced by mega-carriers Pacific Drilling exits Chapter 11 BW Offshore reports growth in third quarter Prospect of fleet growth curbs Frontline's optimism Golden Ocean's bottom line grew big-time in third quarter Sale of OOCL's key US terminal underway He is the lobbyist working to give container carriers an edge South Korea dominates the market for new LNG ships This is how much the shipping shares have plunged in 2018 Big bunker problem might continue past 2020 Court approves Aegean's credit facility Maersk under investigation in India for breach of competition rules Concordia Maritime agrees with Torm: Recovery now in full swing Thorco expects large bill for grounded ship Eagle Bulk expands scrubber investment Bomin finds buyer for Belgian bunker business Nordic Shipholding gets more time to implement strategy Color Line's plans to out-flag ships stopped at last minute Star Bulk bags net profit on higher bulk rates Maersk losing ground on the global container market Hapag-Lloyd presents its new strategy for the years until 2023 Borr Drilling expects steady increase in offshore contracts Japan shipping line Yusen said to develop digital cash for crew Ackermann keeps his eyes open for acquisitions The US again warns tankers against violating Iran sanctions Nestlé criticizes container carriers' secrecy German tanker carrier takes over Rigel Schiffahrts South Korea presents new large subsidy package for shipbuilders Hapag-Lloyd will approach 2020 from three fronts Nordic American Tankers bags USD 20 million on ship sale Hafnia Tankers books deficit in historically low market Norwegian oil companies increase investments big-time Subsea 7 blacklisted from African oil country Ardmore's CEO expects real recovery late next year Media: Port workers load Maersk vessels on less than Kenyan minimum wage Singapore yard notes better times after several crisis years in offshore Low sulfur fuel trading begins on stock exchange Secretary-General of IMO wins a second four-year term Analyst firm: Light at the end of the tunnel for rig market 135-year-old shipping media to discontinue publication Maersk Line denies conclusion: Our market share remains the same Hafnia and BW Tankers merger in place within one month Expensive bunker oil held CMA CGM back in third quarter Taiwan's ports to introduce sulfur cap on Jan 1 Boskalis lands historically large offshore contract Trafigura's fleet expansion kick-started by struggling yards Contaminated bunker spreads to China Singapore bunker supplier faces more legal claims as barges are arrested The windows to shipping's power center will not be polished before next year OECD to scrutinize state aid for South Korea's shipbuilding sector MAN Energy Solutions reshuffles executive team EU approves privatization of HSH Nordbank Seadrill reports new loss after restructuring Africa LNG set to surge as floating projects cut time to market Demand set to dwindle on key tradelane in the next five years Major shippers see costs skyrocket next year Offshore carriers ditch merger plans Bottlenecks threaten shipowners slow to decide on ballast water Singapore yards prepared to compete with state-backed rivals Port of Gothenburg opens taps on environmental fuel Grieg Star takes DNV GL to court for defects on ships Norden expands its fleet with two MR tankers Media: Maersk could buy upwards of ten feeder ships Billion dollar merger creates new tanker giant Captain gets conditional prison sentence for Thorco accident Danish Ship Finance outlines uncertain future for shipping This is how ONE plans to make more money Ørsted kicks off massive investment plan for offshore Italy's d'Amico sees product tanker upturn shrouded in uncertainty HSH Nordbank crosses final 't' in sale Trump sticks with plans to raise tariffs by new year EU clears Belgian port in illegal state aid case NordLB will meet shipping deadline earlier than expected Scandinavia monitors developments in British marine insurance closely Significant increase in scrapping of container ships HMM defends future plans Autonomous ship is now able to sail dock-to-dock Gas carrier expects growing LNG market Danish Ship Finance sees scrubbers as a temporary solution Norwegian shipping bank takes next step towards IPO Long Line of Soy Ships Sets the Scene for Trump, Xi Dinner Date Analyst: Three container carriers choose the reasonable path Singapore bans open-loop scrubbers Norden CEO: Used vegetable oil may power world trade Climate action plan at top of IMO chief's agenda for new term Northern Drilling hires new CEO from Seadrill Group MPC Container Ships hit by softening market Stena earning less and borrowing more Dismissed employee triggered Endofa's dispute with partner New billion dollar tanker merger sets sights on acquisitions Coal will be the green wave's first and biggest victim Trump and Xi's truce risks extending, not ending the trade war The Head of Norden Singapore is called Peter, Priya, Steffen, Jesper and Li Intertanko: Problems with three out of five ballast water treatment systems MPC Container Ships shopping for scrubbers again Change is coming: Shift from global to regional trade patterns Digitalization forces carriers to find new pathways to value Peace between Trump and Xi is no rescue for the bulk market Scorpio makes massive investment in scrubbers for both dry bulk and tanker Scrubber advocates criticize Singapore's surprising ban Clarksons: Lower bunker prices will save Maersk millions in 2019 Maersk invests in reefer tech for Hamburg Süd Texas refinery named in case about bad bunker Shipping companies preparing for tighter scrubber regulations Iceland's Eimskip reports lower profit Does CMA CGM have 10,000 superfluous employees?Trump and Xi's trade truce does not remove uncertainty from container sector Torm chief open to participate in consolidation Cosco's master plan for Piraeus suffers setback Kuehne+Nagel's analysts see peak in global trade in November New bunker startup takes its next step Maersk aims to reduce CO2 emissions to zero by 2050 China is preparing to buy US LNG and soybeans again Former Maersk top exec Tommy Thomsen is now a towering figure at Lauritzen Maersk Drilling enters partnership with exploration company Finnish ferry remote controlled from the office Iran threatens to close key access point to Persian Gulf Suppliers preparing for additional bans on open-loop scrubbers DP World gets EU approval for Unifeeder acquisition Solstad asks creditors for one-year suspension of payments Sail-powered ships to carry Renault cars to the US Oil drops on lingering doubts on OPEC+ cuts under Trump pressure Competition commissioner sets container carriers' block exemption in play ONE gives customers sulfur surcharge with new mechanism in 2019 Barcelona joins call for Mediterranean ECA zone Offshore carriers facing tough winter Tanker operators increasingly optimistic about next 18 months Norwegian yards land order for EUR 2.37 billion Nordea commits to shipping and offshore MAN invests in hydrogen to reduce climate footprint Several major shipping lines doubt Maersk's 2050 vision OPEC talks end without oil-cuts deal as Russia holds back Noble Group said to work on pre-agreed insolvency process MSC pays air pollution fine in the US BW Offshore targets new major contract in 2019 Rothschild has been looking for new owner of Seven Seas Norway approves Equinor's billion dollar North Sea plan EU approves list of scrapping yards Bomin fires back: "Thorco Lineage was unseaworthy"OPEC agrees on larger-than-expected oil cut after marathon talks Rig companies eye improved fundamentals for strained market DP World appoints new transitional board for Unifeeder China prepared to go further than IMO in terms of environmental regulations Moody's downgrades Maersk's credit rating Singapore to host next Global Maritime Forum Severe pressure on Hansa Heavy triggers unrest in the market A new platform will enable shipping players to exchange tonnage Trafigura preparing for challenging 2019 Dr. Peters Group CEO steps down Observers confident in tanker market despite OPEC decision This is how much the US Jones Act costs the shipping industry Oaktree confirms Hansa Heavy Lift insolvency Maersk Broker's bulk unit merges with Wonsild Dry Maersk to venture into marine insurance market The liner companies' new bunker mechanisms differ widely Noble Group to appoint provisional liquidator to enact debt deal Martin Stopford projects chaos at implementation of sulfur regulations Batteries make debut in drilling rig market Hansa Heavy's collapse creates new opportunities for Zeamarine This is why competitors are not on board with Maersk's prestige project Scorpio Tankers' rates have shot through the roof Maersk Broker's bulk venture already looking at new potential acquisitions Bunker sales in Singapore to remain stable despite big changes in 2019 Moody's: Two tough years ahead for container carriers John Fredriksen buys majority stake in Solstad company Shipping lines have yet to prove promises of speedy booking Former chief exec again head of Rickmers-controlled company Norwegian offshore faces another dire year Maersk Drilling gets notice of order from Norwegian authorities Analyst firm projects miserable rig market Scorpio says new offshore investment is first of several Maersk will spend USD 2 billion on becoming CO2 neutral Did the tanker recovery finally begin in late 2018?Trump gets win as Xi makes good on pledge to buy US soybeans Saudi Arabia and Kuwait close to agreement for contested oil fields Chinese port to challenge Singapore's bunker dominance EU Court rejects approval of Fehmarn link financing Maersk Broker's bulk unit makes new acquisition Major LNG buyers set to quadruple demand by 2030 New environmental zones in China indicate future open-loop scrubber ban Sulfur violators to be pilloried in public from 2019 China's economy slowed again in November Dry bulk CEOs remain optimistic despite disappointing growth General container rates down for sixth straight week South Korean dry bulk shipowners said to place big orders Blackstone, KKR said to pursue USD 1 billion container terminal Singapore on track for container record this year Trade peace tops Norwegian shipowners' wish list for 2019 Bunker company in Singapore being liquidated Equity funds place bid on Aegean Torm looking for new CFO This week's top stories on ShippingWatch North Sea players worry about new oil outfit with chaotic past World Fuel Services expands in the US ahead of 2020 Long Beach terminal attracts scores of possible buyers Norwegian shipping bank doubles its portfolio in strong year Scrubber decisions could boost container rates in 2019 The Philippines developing wave-propulsed ship Container newbuild order books set to be depleted quickly in the years to come Oil holds near USD 51 as OPEC cuts weighed against US supply rise ONE to charge fuel surcharge for Chinese ECA zones Brazil prepared for drop in soy bean exports to China Mercuria increases offer for Aegean after equity funds show interest Ardmore appoints new chairman DP World tries to block antitrust investigation in India Seadrill's stock down 50 percent in two months Shell is said to eye deal for Endeavor Energy as price tag drops Stena puts half a million dollars in start-up fund Marine Capital explores new billion-dollar ventures Scan Global in race to bag large contracts Oil sinks to one-year low as equity slump adds to supply fears Noble Group restructuring gets green light in Bermuda court Hapag-Lloyd's alliance to operate more than 249 ships in 2019 IMO intent on improving safety with new fuels Shipping and offshore shares on Oslo Exchange had a tumultuous 2018 Zeaborn Ship Management scales down senior execs from three to one Oil sample number 542319 plays key role in Thorco case Saudi Arabia forecasts oil price at USD 80 Mega vessels have put severe pressure on smaller ships since 2015 China buys second round of US soy beans Pirates release seafarers kidnapped off Nigeria Maersk launches Asia-Europe network with more ships and fewer calls Bank NordLB in talks for sale of non-performing shipping loans Clarksons: Shipowners with middle-aged fleet face tough decision Noble Group says rescue is complete as Singapore probe drags on Nordic American Tankers in Christmas greeting: Strongest market in years Shell charters six new LNG tankers Media: Indian court rejects DP World complaint in competition case Iranian sanctions lead to more unemployed container ships V.Group's Ian El-Mokadem targets expansion in crowded market Aegean Marine's creditors link founder to alleged fraud case OPEC's sequel to blockbuster oil deal faces struggle in 2019 Port of Gothenburg in limbo on decisive scrubber issue Equinor buys half stake in Polish offshore wind project Maersk VP denies new route plan is a cost-cutting exercise Analyst firm sees Maersk's maneuver as evidence of slow steaming trend Merry Christmas from ShippingWatch Drewry: Crude tankers will overcome OPEC's output cap K Line reshuffles executive team Four Hansa Heavy Lift ships arrested after legal action by bunker company Another Greek bunker company is in trouble Two fronts going head to head on future of consortia block exemption Hafnia Tankers and BW Tankers reveal details of merger Former Singapore CEO's appeal in OW Bunker case will be settled next summer Australian investment bank close to sale of Polish port China heads into trade talks bracing for more US demands Shipbuilder Keppel bags new marine orders Container rates slide for seventh straight week Oil extends biggest gain in two years after stock market surge Maersk looking for logistics acquisitions on land DSME gets fine by South Korean regulators Shipping was bigger at Nordea in 2018 Hafnia Tankers CEO on merger: We should be able to better utilize the fleet Shippers call for transitional period to avert Brexit chaos Here are the most-read stories on ShippingWatch in 2018 Rate index turns around after sliding for seven weeks ShippingWatch closed for New Year Lundin's office raided once again DSV still looking for acquisitions Chinese port aims to raise large sum with listing Scrubber ordering will continue far beyond Jan 1, 2020 Oil's turbulence shows little sign of fading as risks prevail These are the key items on the shipowners' agenda in 2019 Oil's turbulence extends into 2019 on political and output risks Fredriksen company closed 2018 with purchase of several container ships South Korea's yards look forward to more LNG ship orders Iran's crude oil export drops below 1 million barrels Shipbreaker: 76 Indian scrapping facilities now comply with convention Faroe Petroleum rejects acquisition offer New strategy makes owner reshuffle Uni-Tankers management Analyst firms upgrade confidence in shipping equities for 2019 Norwegian support for oil exploration continues Sovcomflot orders LNG-powered vessels MSC lost 270 containers in North Sea storm OPEC output falls most in almost two years as Saudi cuts begin Maersk to lay off 2000 at Chinese container factory Dry bulk shares plunged in turbulent 2018 Liner companies' discipline crucial for improvements this year Hyundai Heavy increases order target for 2019 Kitack Lim outlines IMO's main tasks in 2019 New figures show limited premium for low-sulfur fuel Navigare Capital confirms order of LNG tanker China, US Vice Ministers to hold trade talks starting Monday Scrubbers, LNG and digital ecosystems will dominate Wärtsilä's 2019 Container scrappings dropped to seven-year low in 2018 Faroe Petroleum's suitor fails in equity takeover attempt Chemicals from MSC ship washed ashore on Dutch beach Interest in maritime startups exploded in 2018 DHT Holdings' co-CEOs move from Oslo to Singapore CMA CGM subsidiary appoints new CEO Container caught fire on Hapag-Lloyd vessel Top analyst leaves oil venture following major loss MSC will pay for cleanup after lost containers Former Maersk execs' Blockshipping venture gives up on ICO Hapag-Lloyd has evacuated crew after fire Troubled Maersk company wants to dig for gold at the bottom of the sea Evergas sells its ethylene fleet: "Enough is enough"Methanol being tested as marine fuel in Asia Media: China officially bans open-loop scrubbers Uggla appointed vice chair of Maersk Drilling Bunker carrier Brightoil has ships arrested in Singapore Norwegian oil companies expect big surge in investments German minister shoots down Fehmarn CEO's time frame Bondholders sue HSH Nordbank for EUR 1.4 billion Nordic Tankers sold to Japan's MOL Singapore-based bunker company aims for global expansion Half of shippers do not choose the cheapest option Displeased investors approve Aegean's rescue plan Norwegian fund discontinues energy trading venture Nordic Tankers CEO: It was time for an industrial owner Bunker companies will now have to vouch for sulfur content in fuel Bunker company's bankruptcy affects Cosco South Korean shipbuilders back in first place BW Group has sold its chemical tanker fleet World Bank cuts global growth outlook as trade expansion falters Buyer and seller shared motivation in Nordic Tankers sale Kuehne+Nagel: Global trade grew significantly in 2018 See the list: This is how many ships major carriers will receive this year DNO secures share majority in Faroe Petroleum EU to scrutinize European shipyard merger Hostages on Monjasa-chartered ship released USTC-owner eyes no sign of improvements in tanker Storm interferes with MSC Zoe cleanup Saudis boost oil reserves ahead of Aramco's planned IPO Bunker company in military niche market broadens its business Hempel to spend billions on new acquisitions Maersk and MSC expand cooperation with Zim WoodMac outlines five main North Sea trends for 2019 Maersk Oil Trading installs world's biggest flow meter Seafarers stuck on board Hansa Heavy ship in Denmark Hapag-Lloyd appoints new COO Samsung Heavy expects bigger orderbook in 2019 DFDS Chief Exec's biggest worry is rapidly approaching Fire on Hapag-Lloyd ship now under control The winners and losers of Big Oil's offshore spending revival Seadrill CFO steps down Hafnia's shareholders approve merger Svitzer buys tugboats from Dutch towage operator Competition regulator probes new Hong Kong port alliance Eagle Bulk CEO projects rising dry bulk rates Scorpio buys own stock for more than USD 50 million Creditors have arrested six Hansa Heavy vessels 300 carriers own between one and five chemical tankers Torbjørn Kjus gets top position in Aker group More carriers show interest in installing giant sails this year Odfjell CEO sees potential for further consolidation China December trade slumps as trade war, economic slowdown bite South Korean shipping companies apply for state lease scheme 2020 Bulkers preparing stock exchange listing The value of second-hand tankers dropped in tough 2018 Hansa Heavy Lift has started sale of ships DFDS Chief Exec before Brexit Tuesday: Hard exit is an actual possibility Samskip implements Brexit surcharge V.Group nabs former Zeaborn exec for Hamburg Scrubber alliance appoints new executive director Stena and German car carrier to establish joint venture DSME lands orders for four VLCCs Grieg Star forms new dry bulk joint venture Maersk Honam will be resurrected in second half of 2019 CEO leaves XO Shipping – partners disagree on explanation Torm sued by Asian shipowner following tanker vessel dispute Hansa Heavy close to sale of five ships to Spliethoff Liner companies have less appetite for mega-ships 2020 regulations could break the weak players in the bunker market DSV makes billion dollar acquisition offer on Panalpina Oil price increase boosts Norwegian exports in 2018 Brexit pushes Britain to brink as government fights for survival Attacks on ships in Asia down significantly DSV confirms private proposal to acquire Panalpina Frontline buys larger stake in scrubber manufacturer After 30 years in shipping, Bonderup made a choice Major European port secures huge investment in gas facility Kuehne + Nagel fears messy British adieu to EU Aegean board director on restructuring plan: A key milestone DSV spent many years eyeing Panalpina acquisition The maritime labor market could look very different in 2040 New Norwegian tax rules make more carriers seek abroad Aker BP aims to triple production following strong 2018 Energy agency projects oil price of USD 65 in 2020 Pirate attacks multiplied in 2018 following serious incidents in the Gulf of Guinea Shipping lines extend Ocean Alliance to 2027 This is why Panalpina is such a win for DSV Mexican border wall slows down container carriers' new initiative Map: This is where open-loop scrubbers are banned Maersk introduces random container inspections Maersk close to selling Hamburg Süd's bulk and tanker business South Korean yards secure new tanker orders OPEC’s oil production falls most in two years on Saudi cuts Peter Borup reshuffles Norvic Shipping's management Ørsted enters Japanese offshore wind Media: OOCL about to order new megaships Maersk raises a warning flag to the port of Hong Kong RAL's Aarhus plans delayed by typhoon and pending Icelandic approval Chinese port joins CMA CGM and Cosco in blockchain partnership Last week's top stories on ShippingWatch Chinese economic growth declines to a historical low level Dutch carrier receives fine for scrapping in Alang Hamburg Süd sells bulk business DSV significantly increases revenue in Asia MOL establishes new tanker company with partner DSV's offer on Panalpina may be difficult for rivals to beat Europe's most important river is running dry Monjasa moves ship to Panama 2M Alliance could be surpassed by rivals on Asia-Europe route Scan Global gets go-ahead to move forward with major contracts Media: Maersk Drilling will go public in April BW closes dispute on contaminated bunker Eimskip hires banker as new CEO Creditors claim USD 250 million from squeezed bunker carrier Shipbroker: CMA CGM has ordered 10 large container vessels Maersk does not know who its competitors will be in three to four years Scrapping of container vessels picks up speed in 2019 P&O Ferries flags out fleet to Cyprus Carriers were able to avoid Norwegian tax by meeting abroad Norwegian oil execs are as positive as before last boom Solstad must confirm value of its ships today Eagle Bulk secures credit facility to fund scrubbers Another big bunker port bans open-loop scrubbers Maersk will invest even more in reefer Trade war caused record-high freight volumes to US before New Year's DNB forecasts rising oil prices in 2019 Nordic American Offshore's board gets Scorpio-element EU to create new strategy for European shipyards Paddy Rodgers denies he is on a crusade against scrubbers Job cuts at HSH Nordbank hit head of shipping Shipping executives: Investors have withdrawn Solstad impairs fleet by USD 99 million following warning Kuehne+Nagel withdraws from Panalpina bidding war Euronav closes 2018 with black figures in a tough year for tanker Spliethoff confirms purchase of five Hansa-ships Analysts: Maersk should sell Damco remnants "It is an outdated principle to have a one-person management" Eight out of ten UK ports are not prepared for Brexit South Korea has sought arrest order for CEO of Stellar Daisy operator Cosco acquires majority equity position in Peruvian port Singapore yard notes improvement in 2018 Svitzer appoints two profiles regional management Søren Skou: Trade war has had the opposite effect Investor in Panalpina: DSV's offer makes sense MSC secures scrubber loan for 86 vessels Maersk Oil Trading skyrocketed in Singapore last year Danish flag beats Norway following Hamburg Süd boost Trusted employee lost millions in Western Bulk UK wants to be center of maritime innovation Court rejects arrest warrant for surveyor in Stellar Daisy case Greek carrier fined for sulfur in Denmark 2018 was a "year to forget" for container carrier reliability OOCL increases top line in fourth quarter Test article NordLB receives bids from two investors Vale considers freezing dividends as a consequence of dam disaster in Brazil Saudi Aramco will invest USD 1.6 billion in Hyundai Chinese downturn hits companies harder than expected Swedish port conflict intensifies with new strike warnings Hunter Group extends options on supertankers This is the container carrier that is nearly always on time Oil investments rapidly approaching peak level from 2013 Scorpio Bulkers lands full year loss of USD 12.7 million US slaps de facto oil ban on Venezuela Changing North Sea players place greater demands on the state's oil company Celsius buys two more LNG ships in massive order Pension fund blacklists carrier after more ships are beached CMA CGM appoints new executive vice president Uncertainty is the biggest villain in strained dry bulk market Norwegian offshore carrier installs batteries on its fleet North Sea discovery could bolster oil and gas sector in 2019 Ceva calls on investors to reject CMA CGM bid Everyone believes in blockchain – but no one trusts each other Scrubber advocates disappointed by latest ban Wärtsilä to lay off 1200 employees ING Bank looks like the winner in OW Bunker cases Hyundai Heavy bags order for supertankers Ballast water systems supplier in sales record in 2018 Golden Ocean declines after tragedy in Brazilian mine Expansion of alliances on Asia-Europe puts renewed pressure on rates Sulfur regulations clearly impacted Wärtsilä in 2018 Sanctions against Venezuela could benefit tanker rates Norden: "The market has pretty much collapsed"Record number of ships scrapped on beaches in South Asia CMA CGM pursuing even bigger stake in Ceva Plunging share prices could hurt Maersk Drilling listing Tough tanker market pulled Concordia Maritime into the red Shell delivers best result in four years Shipbuilder Daewoo's majority shareholder conditionally approves sale Are equity funds moving on from shipping investments?Tight chemical market continued in fourth quarter for Stolt Tankers Pirates release six MSC crew members Maersk's preferred Alang yard fails to get EU approval ONE reduces deficit in the latest quarter Port of Rotterdam will capture weather conditions in real time Norden lands 10-year coal contract in India Turkey ratifies Hong Kong convention Maersk plans to launch its first CO2 neutral ship in 2030 Intercargo warns of continued risks of liquefied cargoes Nordic Tankers has now been acquired by MOL "We think DSV's offer is difficult to beat"Brightoil's debt close to USD 2 billion Nordic American Tankers denies responsibility for beaching European shipping companies will now be able to deal with Iran after all Team Lines goes out of business J. Lauritzen confident of bulk profit despite bad market Oil holds gains on signs of shale slowdown as OPEC output falls Panalpina majority stakeholder rejects DSV bid Paddy Rodgers decides to step down Concordia Maritime CEO: The next two years will be good OOCL expects companies to struggle desperately to survive Skou: Maersk's credit rating will determine acquisitions and payouts NordLB opts for state owners' proposed rescue plan Rig market forces MPC Capital to large-scale impairment After major stakeholder rejects DSV's bid: "It's not over yet"BW's protracted acquisition attempt cost Dorian millions Norvic Shipping appoints new CFO Panalpina's majority shareholder wants better offer Alfa Laval's Marine Division grew order book significantly in 2018 Hapag-Lloyd converts large container ship to LNG DP World's throughput growth flattening out BP doubles earnings This is where Maersk's partner in Alang needs to improve Shipping companies are eying biofuel If DSV misses out on Panalpina the field of candidates shrinks 250 tanker vessels spell good news for a squeezed market Nordea slashes 80 percent of losses on shipping and offshore in 2018 A single factory in China explains why MCI needed trimming Aker BP expects further growth after improved 2018 results Higher oil prices lifted Equinor in 2018 Britannia bags Singapore underwriter license Container giants squeeze out North European feeder operators Norwegian yards and rig companies face growth surge "We don't know how the new fuels will perform"Sustained downturn threatens dry bulk with new recession Ceva expects growth in eventful year Ardmore CEO believes in further recovery for product tanker DHT reports fourth quarter profit DSV expects more growth in 2019 Turkish acquisition boosts DFDS' expectations for 2019 Maersk Drilling expects lower operating profit in 2019 Total lands slightly higher profit than expected Lower fleet growth boosts Avance Gas earnings Ship sales boost Viking Supply in tough times in the North Sea Bank DNB eyes improvements for shipping customers DSV chief on shipping companies' foray into logistics: "A paradigm shift"Aker owner aims for marked boost in oil production "Just because we are looking at Panalpina doesn't mean everything else is stalled"Ken Bloch Sørensen steps down as CEO It took a US military officer to clean up Maersk Container Industry DFDS to build new headquarters in Copenhagen EU wants urgent clarity on scrubbers More orders boost Aker Solutions in 2018 DHT CEO takes a jab at scrubber critics This week's top stories on ShippingWatch Maersk Drilling points to biggest threats ahead of IPO EU Commission wants to keep CO2 data public UK cancels million-pound contract with shipless ferry operator Hapag-Lloyd and Cosco defend block exemption in comments to EU Western Bulk CEO doubts dry bulk fundamentals in 2019 Startup wants to use robots as cleaners for ships Boskalis sells million dollar share in towage company Equinor employees have lost confidence in safety authority Underwater vehicles will search for Stellar Daisy MAN backs ambition for CO2 neutral ships by 2030 ICS call for mandatory audit of ships' efficiency CMA CGM gets green light to take over Ceva After three weak years, MAN Energy Solutions has begun tough 2019 Majority shareholder attacks Panalpina board in open letter Equinor has invested millions in Russia since the sanctions Star Bulk reports profitable 2018 – but vessel sale had negative impact Hansa Heavy to shut down in March Media: Samsung will not bid on South Korean shipyard Even the most ardent opponents of BER want to maintain container alliances HMM hit hard by bunker prices in 2018 Yilport following significant growth in container ports: "2018 was a golden year"Ceva's investors can now sell stock to CMA CGM Nordic American Tankers gets new credit facility Scorpio Tankers puts a figure on scrubber savings Wallenius Wilhelmsen pleased with sliding profit in flat market Competitor takes over Team Lines' contracts Hand-held sulfur tester underway for shipping companies Navigare Capital expects to launch a new investment fund soon Aker company appoints new CEO and chairman Swedish shipping wants to go fossil free by 2045 Here are the Panalpina shareholders who will decide on DSV's offer Western Bulk CEO after loss in Chile: "An unfortunate situation"Panalpina CEO: We are ready to make our own acquisitions Kvaerner's profit almost halved in 2018 Odfjell: Chemical tanker has bottomed out after challenging year Inchcape Shipping Services now run by Scandinavia duo Commerzbank's shipping portfolio reduced to less than 60 ships Bimco doubts IMO's CO2 calculations Oaktree was behind the sale of Hansa Heavy vessels Maersk and new partner to provide low-sulfur fuel from the US Scorpio Tankers' deficit grew in 2018 Epic Gas sees signs of improving LPG market Oil industry sends letter to Trump calling for acceptance of sulfur cap Panalpina confirms preliminary talks with logistics company Agility Oil price starting to move toward USD 70 again Port of Rotterdam preparing for lower container growth Media: Offshore carriers ditch Equinor contracts DSV raises its Panalpina offer Head of Norway's central bank warns against oil exit Cargill fears dramatic plunge in dry bulk demand Maersk Supply Service receives last newbuild Study: Natural gas is not enough to meet IMO requirements Parts of Maersk Honam en route to South Korean yard Wreck of Stellar Daisy has been found Oil prices rise to highest level since November GC Rieber turns deficit into profit with one acquisition Employees protest Equinor's planned North Sea cuts Maersk and Zim shrank their fleets in 2018 Wilh. Wilhelmsen hit with million dollar loss in fourth quarter Danish Ship Finance in talks with pension funds on issuing joint credit Manufacturers losing USD 100-200 per container MOL Chemical Tankers buys into Dutch logistics company CMA CGM's Finnish feeder carrier downgrades forecast Commissioner on beaching: "EU has a special responsibility"Bomin hit by new accusations of dirty bunker Golden Ocean eyes uncertain dry bulk market Former IBM and Google execs want to reduce shipping companies' fuel consumption Two workers killed in fire on Greek tanker beached in Bangladesh Qatar confirms plans for 60 new LNG ships Reduced debt prompts Moody's to upgrade Hapag-Lloyd's rating Søren Skou's biggest concern is a question of USD 200 Transocean reduces billion dollar deficit Bank owned by shipping investors to raise more funds DP World buys P&O Ferries BW Offshore increased its profit in 2018 Stena Bulk CEO on 2018: One of the toughest years I've experienced South Korean yard merger makes employees herald walkouts Nordic American Tankers exits 2018 with large deficit DSV on Kuehne+Nagel takeover: "No truth in it whatsoever"PIL pulling out of important container route DHL is a dominant freight player, yet the company is still watching Maersk's offensive Shipowners on collision course with EU on scrubber regulations Former Fredriksen execs' hedge fund takes big hit on shipping Search finds remains of crew on Stellar Daisy Navios Maritime books impairment on vessels Maersk Drilling to go public April 4 Maersk notes improvement but is not satisfied with earnings Glencore sets cap on its coal production South Korean yard scores orders on four LNG vessels HMM's CEO steps down Norway expects fewer oil investments Maersk chastises scrubbers: "A foolish idea"Chinese port group shuts down Australian coal import Søren Skou: 2019 looks even more uncertain Teekay Tankers sees sudden rate dive for crude oil Agility CFO: We don't see ourselves as exiting Investors inject USD 1 billion into Flexport Twelve empty supertankers reveal truth's about today's oil market CMA CGM goes two different directions with large order Oil company presents growth plan, aims to fire every fourth employee More countries support the Hong Kong convention Nigeria lays gigantic tax claim on oil companies Maersk leaves the other logistics companies to make big acquisitions Teekay LNG aims to double the bottom line in 2019 Last week's top stories on ShippingWatch New studies defend open-loop scrubbers Hapag-Lloyd reports increased operating profit for 2018 US oil production reaches record levels Trump extends China tariff deadline after 'substantial' progress Here is Maersk Drilling's plan for the future BW LPG to buy and sell cargoes Six out of ten liner companies have disappeared in 20 years Maersk Drilling CEO: Oil companies are investing again Stena's tanker units pursue separate paths on sulfur compliance Maersk changes safety approach to prevent casualties Skuld grew its tonnage after renewals Danish Ship Finance got 10 percent more customers last year Oil from new fields could triple in 2019 Global Ports appoints new director Panalpina's majority shareholder wants to eliminate voting restriction World Fuel Services CEO highlights comeback for bunker Carriers could save millions each month by exchanging containers Seadrill suffered large deficit in fourth quarter J. Lauritzen reduces deficit and unveils new partnership Major shipping lines cleared in US cartel case DSV knew about delicate voting issue at Panalpina BP CEO: USD 50-70 is stable for the oil price Kuehne+Nagel boosts seafreight and appoints new board members Container vessel scrapping continues at rapid pace Liner majors deploy ultra-large ships on Asia-Mediterranean Inspectors found 34 deficiencies at Maersk's Alang partner Fredriksen's Ship Finance declined in fourth quarter New Executive VP to take Panalpina's Ocean Freight business to new heights Investment bank confident in imminent dry bulk market boom Offshore carrier Eidesvik cautious optimist after major setback in 2018 Employees to strike on three Total rigs in the North Sea Panalpina's ocean freight continues to decline – but the company grew overall J. Lauritzen is a couple of thousand dollars a day from turning a profit on dry bulk Frontline reports strong start to 2019 Total: There are plenty of offers in the offshore sector Pacific Basin sees improvements in bulk – but fluctuations will continue Alix Partners expects sulfur cap could "make or break" liner companies in 2019 Norway's Hunter Group turned a deficit into a profit World's largest cash buyer disappointed in EU rejection of Alang MPC Container Ships exits first full fiscal year with deficit Borr Drilling lost close to USD 200 million in 2018 BW LPG books major fleet impairment in fourth quarter Solstad Offshore reports massive deficit after new impairments Maersk Tankers to install scrubbers on four ships Eimskip's bottom line cut in half after "disappointing" year Shipbroker: Strained capesize market has hit rock bottom Shell taken to court for billion-dollar bribe Spliethoff bags large loan to invest in eco technology Last week's top stories on ShippingWatch Siem Offshore: Difficult to predict when the recovery will come Grounded bulker creates environmental catastrophe due to oil spill CMA CGM lands record revenue and launches huge cost reduction DFDS Chief Executive steps down US and China near deal that could end most US tariffs Vale CEO leaves temporarily after failing to avoid disaster The need for LNG could double in a decade Boskalis and partner to sell jointly owned towage company Hempel to pay millions in bribery case Maersk board of directors set for reshuffle Peter Döhle sells ship management company to Norwegian investor Smedegaard on his DFDS exit: Very well timed despite Brexit uncertainty Frontline CEO sees signs of growth for tanker in 2019 China lowers growth target and cuts taxes as economy slows Improvements in tanker expected to boost Norden in 2019 This is why shippers, ports and freight forwarders are kept out of liner majors' new association Impairment drags Nordic American Offshore into the red Here is an overview of how many ships were scrapped last year Less than half of Borr Drilling's fleet is employed China announces plan to form national oil & gas pipeline company Stolt-Nielsen's LNG carrier orders more ships Panalpina board supports majority stakeholder's call to lift voting restriction Genco gets approval for scrubber loan Former Viking Supply employee being investigated for insider trading Skou and Habben Jansen: Customers have accepted added fuel charge Port of Gothenburg appoints CEO from Ceva Logistics Eagle Bulk replaced deficit with profit in 2018 Container alliance voids several Pacific sailings DOF Subsea bags new contracts for more than NOK 1 billion CMA CGM's expansion efforts pushing up its debt in 2019 OECD cuts global outlook again and warns worse may be ahead Swedish port strike called off MAN to convert Hapag-Lloyd vessel for LNG sailing CEO unveils plans for Rickmers' new feeder venture Danaos lifts revenue and eyes rate improvement Maersk hopes to get rivals on board blockchain platform this year Stena RoRo returns to large-scale investments in ships Flexport to open offices in the UK and Denmark Weak offshore market hits Boskalis with massive deficit Large investor takes over majority of Seaspan stock K-Line's finances strained by ONE container partnership Subsea 7 bags three contracts worth USD 750 million "I still don't understand why anyone is super optimistic about 2019"Creditors take over insolvent shipbuilder Hanjin Heavy Another top executive departs from DFDS John Fredriksen transfers 10 ships to Golden Ocean V.Group appoints new CFO Songa Container decides on scrubbers for its entire fleet Clarksons Platou warns of unemployed bulk vessels Subsea 7 expects lower revenue in 2019 Two of the world's largest shipbuilders seal merger deal The Chinese government is looking to seize Maersk's leading position Clean Shipping Alliance hits 35 members Norway's USD 1 trillion wealth fund jettisons oil companies Erria expects large slide in revenue in 2019 Trump appoints permanent chairman of Federal Maritime Commission Hapag-Lloyd staying out of competitors' logistics race Venezuela to pay billions of dollars in compensation to ConocoPhillips Maersk Supply Service bags contract for Total rig in the North Sea Total gets green light for North Sea acquisition Here are the six top priorities for European shipowners in the years to come The Sohmen-Pao family trumped Maersk's bid on Hafnia Monjasa hires OW Bunker's former risk manager LNG spot prices slide to 18 month low Clarkson's profit shrinks after tough start to 2018 EU and UK agree on new Brexit changes Transocean awarded new contracts by Petrobras IEA says peak oil demand is still far away Torm books large deficit with bright 2019 outlook BP opens the floodgates for low-sulfur fuel J. Lauritzen embarks on major venture with Teekay-partnership Norden will be ready with CO2 neutral transport this year CMA CGM to test biofuel with Ikea Torm may recover million dollar loss in a few months Tanker merger to list in a few weeks May's Brexit deal routed with extension now seen as "inevitable"Monjasa opens new office in Southeast Asia Maersk Insurance to change strategic course Flexport's investors will wait a long time for a profit South Korean yard merger could be met with resistance abroad Stena Line has decided not to invest ahead of Brexit German refinery to be resurrected ahead of IMO sulfur rules MSC and CMA CGM form Indian Ocean partnership Torm's executive director wants fact-based scrubber debate Wärtsilä to build bio-LNG plant in Norway Asset manager buys up big stake in Oaktree Oil price hits highest level in four months Acquisitions boosted DP World's revenue by 20 percent Fredriksen's Ship Finance prepared to invest big-time in ships again this year Scrubber could reduce capacity by 200 containers on ultra-large ship Maersk expands fleet with 13 feeder container ships China, US said to push back Trump-Xi meeting to at least April Norway's wealth fund will now look at Alang Wrist Ship Supply hires former Samskip CEO Scorpio Bulkers sells seven ships in leaseback deal CMA CGM approaching full ownership of Ceva Logistics Norden targets growth in West Africa Powerful magnets may have been used for bunker fraud Equinor extends several oil and gas field life cycles One in five offshore ships in the world are stacked Report: Scrubber market will grow by 20 percent next year This is why shipping companies support the "sulfur exception"Hafnia Management opens bunker office in Singapore Wärtsilä wants to reward green carriers with CO2 credits Ministry reassures suppliers to South Korean yards Brits stuck with DFDS contract despite Brexit postponement Industry players criticize Maersk Drilling's sales pitch to investors Sovcomflot sees improvements in tanker after two dire years Deutsche Bank and Commerzbank in merger talks Rates need to increase further for the container sector to become profitable Media: Panama has kicked out Iranian ships Navig8 sells four ships to Chinese bank in leasing agreement Chemical tanker shipments stagnated in 2018 Shippers far from agree on support for added sulfur charge Stena Bulk takes final scrubber investment decision Investment bank lowers forecast for dry bulk significantly BW Group buys majority of Epic Gas Yet another oil major soon ready with low-sulfur bunker Brazilian authorities close yet another Vale mine Tough conditions created a wave of digital innovation in shipping CMA CGM ready to de-list Ceva Logistics Oil service suppliers will have to wait years for a recovery Maersk joins global climate alliance Maersk-backed cleanup project at a standstill in Hawaii Ackermann had his sights set on Epic Gas before BW Group's acquisition Liner companies: Block Exemption has ensured lower rates Erria bags critical agreement with its lenders Media: Clipper has sold its entire dry bulk fleet Flexport steers clear of freight forwarders' acquisition hunt This is how much CMA CGM is paying for Ceva Logistics Oil fund's watchdog will contact shipowners on beaching Equinor awards new contract for Johan Sverdrup field New OECD report casts doubts on liner companies block exemption More slowsteaming will prolong Asia-Europa transports Brazilian court gives green light to reopening of Vale mine May asks EU for Brexit extension until June 30 EU Commission casts critical eye on South Korean merger Uber expands its freight business to Europe Maersk keeps a close eye on South Korean yard merger Trump says tariffs will stay until China complies with deal Shipping companies risk tough penalties for shipbreaking Euronav CEO sees benefits to last year's downturn Hansson accused of silencing former CFO Wintershall aims to become Europe's largest oil and gas company Pacific Basin is looking to grow its fleet Topaz extends contracts for 12 offshore ships HMM acquires scrubbers for 19 container vessels EU Commission hints at possibility of adjusting Block Exemption Regulation Maersk to test biofuel on ultra-large container ship Hapag-Lloyd believes in better market in 2019 "2018 was unfortunately one of the worst years for product tankers in the last decade"Shipyard uncovers serious deviations in its books Norway considers expanding scrubber ban Oil majors spend USD 200 million annually obstructing climate policy Celsius expects several large gas ship investments this year Bunker company drops claims against Hansa Heavy DFDS Chief Exec pleased with Brexit postponement Stena Line sees challenges in CO2 neutrality Maersk wants a larger share of the value chain within specialty cargo Repeat offenders among sulfur violators in Northern Europe Italy supports China's Belt and Road initiative Investment bank foresees boom in LNG newbuildings Maersk sends two container vessels for scrapping in Alang Maersk has one month to solve dispute with port workers MAN to deliver engines to 11 container vessels Acquisition-thirsty private equity sees big North Sea optimism Cosco has a total order book of 180,000 teu Nordic offshore companies impair fleet by half a billion dollars CMA CGM orders 10 large container vessels in China Topaz turned deficit into profit in 2018 Analysts puzzled by Maersk's pessimism BW Tankers booked a deficit in its final year MAN increases focus on hydrogen as fuel Maersk's climate strategy excludes oil and LNG Three years for sale and still no buyers for Maersk Supply Service Søren Skou to join Nokia's board of directors Norden sells more dry bulk vessels Container carriers attack critical report on special rules Ultrabulk lands best result since 2010 Pacific Basin: Sulfur and CO2 hold companies back from newbuild orders Major container carriers have ordered over 500 scrubbers HMM appoints new CEO with roots in the logistics industry PSA International sees dark clouds on the horizon Infected US shale oil is being turned away by Asian buyers Taiwanese carriers went in different directions in 2018 European carriers disagree on how to measure CO2 emissions Imperiled cruise ship ignites major tax debate in Norway OECD responds to container carriers' criticism Japan supports Hong Kong Convention Authorities regain control of seized freight ship Euronav appoints new CEO Aegean could exit insolvency within a week New owners of major Asian ship supplier plan international expansion Valero named as bad bunker source in new court case Vale presents the impact of its severe mining accident Odfjell Drilling will hire 200 personnel for new rigs CMA CGM'S Finnish feeder carrier to appoint new CEO Deficit grows for Maersk's Russian port company Oil set for strongest quarter in almost a decade on OPEC+ supply cuts Maersk abandons sale of Maersk Supply Service The largest commodity traders have doubled LNG deliveries in two years Valero accused in another bad bunker case Prosafe to take delivery of hotel rig ordered in 2013 German bank doubled shipping loans in 2018 South Korean yard hires new CEO ahead of merger Ceva strengthens management team with new appointment from DHL Last week's top stories on ShippingWatch Low oil price caught up with Maersk's sale of energy business DSV and Panalpina agree on sale Cosco continues to grow – but profit dwindles Port of Hamborg's exec is not losing sleep over China Capesize index approaches lowest level ever Two in three containers arrived too late in the Pacific this February Borr Drilling buys newbuilt rig at half price Aramco unveils financial secrets of world's most profitable firm Sulfur regulations may trigger new crashes and acquisitions in the container industry "Sulfur regulations seem like a fine business for cheaters"The new DSV will transport three million containers a year Navigator books deficit for 2018 Kongsberg completes large Rolls-Royce Marine acquisition Dry bulk carriers still believe in 2019 upturn Total expects one in five vessels to sail on high-sulfur fuel Hamburg Süd closes sale of its dry bulk business EU gives go-ahead for Aegean trade Robert Uggla on canceled Supply Service sale: Better to wait Offshore carriers have lost half of revenue in three years Container carriers better at arriving on time ExxonMobil invests heavily in 2020-fuel in Singapore WTO lowers its global growth forecast significantly DFDS orders ballast water systems for its fleet Maersk Vice CEO Claus Hemmingsen steps down CMA CGM merges two shipping brands under one name ConocoPhillips approaches new buyer to dispose of North Sea fields China's buying of US soybeans at highest level since trade tensions began Huge Chinese ambitions threaten Europe's shipping sector TechnipFMC wins million dollar contract with Neptune Energy Oil companies are making money like never before Monjasa's profit dropped slightly in 2018 "I am struggling to see why the forecast should be down"APM Terminals still waiting on effect of robot technology 200 million Indian scooters keep Asia's gasoline consumption high Hamburg bank to lend billions of dollars to shipping Prominent member of Aponte family leaves MSC Stolt-Nielsen is monitoring two decisive situations Nord/LB withdraws entirely from shipping Wärtsilä and Samsung Heavy form LNG partnership This is how much DSV is expected to gain from Panalpina Bimco opens office in Athens Fancy two years in Singapore jail? Just use the wrong ship fuel Spliethoff in talks to buy remaining Hansa Heavy ships Maersk Drilling could become an acquisition candidate Nautilus bags investment from Microsoft fund Fredriksen wants to list another shipping company in New York 2019 has begun with a worrying drop in container volumes Aegean renames after restructuring New Norwegian oil major already has a billion dollar revenue Teekay secures big loan for newbuilds Last week's top articles on ShippingWatch Employee satisfaction on the rise among container liners DNV GL notes signs of improvements in shipping Celsius buys three product tanker vessels Spliethoff confirms new acquisitions of Hansa Heavy vessels Carriers frustrated by bunker problems in Rotterdam 2019 could bring oil discoveries back to 2014 levels Shipping lobby organizations strengthen ties Shippers displeased with unclear prices and surcharges Scorpio Bulkers sells vessels again Oil major to invest USD 300 million in projects to offset carbon footprint Maersk Tankers books deficit in its first full year Western Bulk receives new funding from owners Extreme weather has become a real risk factor for shipping Hansson loses court case against former CFO United Heavy Lift gets two new co-owners No capesize vessel transactions so far in 2019 EU accused of protectionism on shipbreaking Singapore launches another autonomous shipping project IMF cuts global growth outlook to lowest since financial crisis "Shipowners love the sound of champagne bottles being smashed against the ship"Brazil to pay Petrobras USD 9 billion to settle oil contract France proposes speed limit for ships ahead of IMO meeting Shearwater gets Barents Sea contract Singapore and Copenhagen master the art of attracting maritime talents No fatal accidents in Norway's oil industry in 2018 More unemployed container ships have found work Nine of the world's largest ports are in Asia Rotterdam is concerned about reports of bunker problems NordLB sells shipping loans for billions Golden Ocean buys stake in Singapore-based operator Survey: One in five managers want to leave shipping Three yard workers lost their lives in South Asia Monjasa gets new board member from DFDS Lloyd's to develop autonomous navigation system IEA warns against new oil price increases DFDS executing on Brexit contract despite postponement Bunker suppliers in Singapore will continue to sell high-sulfur fuel Pacific Basin eyes bright spots in unusually weak first quarter for bulk Study presents new figures on LNG climate savings Maersk and BW Group recommend CO2 tax on shipping DSV-acquisition Panalpina nominates new chairman Monjasa ended up taking advantage of bunker chaos Iceland builds Arctic port as global shipping routes get redrawn South Africa approves all scrubber types Keppel and DNV GL will promote the use of LNG as ship fuel China's export grew far beyond expectations in March Daewoo bags another order for LNG ship Maersk buys new fuel system for Supply Service vessels Solstad gets approval for suspension of debt payments till June Storms going ashore are bad news for shipping Mærsk family's investment company hurt by container woes Weco Bulk goes global with new office Chevron buys Anadarko in USD 33 billion bet on shale oil and LNG Lauritzen Foundation continues to profit on DFDS stake Avance Gas appoints new CEO Morgan Stanley points to stronger activity in product tanker Drone to expose potential sulfur violators in Denmark US imposes sanctions on four shipping companies Ceva moves to Marseille after getting new owner Hapag-Lloyd has identified 12 measures where service must be improved Norway slaps Seadrill with notification of order for safety breaches New license to combat bunker problems in Rotterdam Hyundai Heavy sells oil business to Saudi Aramco Niels Smedegaard nominated as chairman at Norwegian New container shipping alliance finally settled Prosafe moving "home" to Norway New attempt with hydrogen as ship fuel in the Netherlands United Heavy Lift leaves its competitors to flex their muscles Norway's oil and natural gas export in setback Songa Bulk set to merge with seismic company 30 suppliers have left Singapore in almost a decade Containerships launches new route that calls in Malmö Offshore carriers bag contracts with Equinor Thomas Bagge must solve the liner sector's major headache Scorpio Bulkers sells six vessels China's growth better than expected in first quarter Panalpina grows its profit in busy start to 2019 Smedegaard gets bonus for Norwegian chairmanship Brightoil's chairman declared bankrupt Monjasa expects to end tax dispute this year Desmi gets long-awaited approval in US ShippingWatch will be closed over the Easter break Shipping companies to blank several sailings — but is it enough?Another shipping line joins Maersk's digital platform Italy's d'Amico bolsters capital ahead of expected recovery BBC Chartering again the largest player in project cargo Qatar's giant order could exceed 100 LNG tankers US tightens grip on Iran as oil price surges HMM's new chief executive will visit 2M partners Thorco Projects has no appetite for consolidation British shipowners call for science-based approach in scrubber debate Costamare has found new customers for 10 container vessels Report points to hull failure as cause of Stellar Daisy wreck Flex LNG ready to take leading role in consolidation Royal Arctic Line and Eimskip get regulatory approval South Korea extends support for crisis-stricken yard cities Wallenius and SOL join forces to launch new shipping company BW Offshore gets contract extension in Brazil New US sanctions could benefit tanker ship operators 30 container ships could be sent to yards every month ahead of 2020 APL to reduce costs after large deficit Norway's oil giant bends to investor pressure on climate Archer gets five-year North Sea contract with Chevron Top container executives see slowdown in growth South Korea to send USD 60 million to strained shipbuilders Smaller bunker company to deliver low-sulfur fuel next week Alfa Laval increases order intake in the first quarter Kuehne+Nagel transported more containers in the first quarter Panalpina acquires South American freight forwarders Maersk Supply Service bags contract with large US oil company MPC Container Ships signs credit agreement with US bank Peninsula bolsters itself ahead of 2020 DP World hit by global economic uncertainty Sulfur cap has prevented thousands of deaths in North Europe USD 200 billion will be invested in LNG ahead of 2025 Norway's Aker BP signs billion-dollar bank agreement Wärtsilä's marine division grows its order book Jens Ismar leaves Western Bulk Bunker Holding boosts its credit ahead of 2020 Concordia results confirm product tanker recovery Weco's shipping business approaching break-even Total reports slight setback in first quarter Chairman takes over as CEO of Minerva Bunkering Aker BP weighed down by 96 percent tax Glencore faces new corruption investigation with CFTC probe World Fuel Services increases earnings Japan's ONE expects to deliver a profit this year Odfjell CEO firmly confident in market recovery in 2019 Dan-Bunkering linked to delivery of supplies to the war in Syria OOCL boosts revenue in the first quarter Shareholders want to pull Equinor out of oil and gas Bunker supplier temporarily banned from world's biggest port Chevron's acquisition of Anadarko in jeopardy Capesize rates grow nearly 40 percent in a week Flex LNG sells two vessels in USD 420 million deal Scorpio Bulkers starts 2019 with yet another deficit Shareholders demand back-payment from BW LPG Noreco takes over Shell's part of DUC in billion-dollar deal DSV suspends expectations for 2019 after acquiring Panalpina Habben-Jansen: Cost cutting is becoming more difficult Nordea stresses compliance after Dan-Bunkering revelations Euronav returned to profit in first quarter Aker Solutions projects 10 percent growth this year 110 shipping companies support speed limit OOIL sells Long Beach terminal DSV wants to grow despite global headwinds Zeaborn enters tanker segment with new acquisition Danske Bank sees improvement in shipping Dan-Bunkering issues response in case concerning fuel delivery ending up in Syria V.Group CEO Ian El-Mokadem steps down Svitzer CEO appointed new chairman of Maersk Supply Service Shippers can profit from differences in liner companies' bunker surcharges Container scrapping this year exceeds 2018 as a whole Buffett's Berkshire Hathaway drops USD 10 billion bomb into Anadarko battle UK cancels Brexit contracts with DFDS and Brittany Ferries Cosco's container business triples profit after acquisition Eimskip adjusts expectations for 2019 Major shipping nations oppose speed limit for vessels Seadrill secures work for six rigs in Qatar Danish Defence wants answers about Dan-Bunkering's role in Syria Seaspan tripled its earnings in the first quarter Wave of newbuilds hovers as dark cloud over strained capesize Ardmore books new deficit despite improved tanker market New oil company Vår Energi got 2,000 applications for 24 jobs Oil majors Shell and BP report first quarter setbacks Scorpio Tankers books profit in "dramatically improved" product tanker market Maersk invests in digital freight forwarder Royal Arctic Line turned developments around after troublesome 2017 Equinor improved its profit despite slide in revenue Uni-Tankers finds new CEO within own ranks Zeamarine is raising its growth forecast Fred. Olsen bags major contract to install offshore wind farm DNB reverses more impairments from shipping clients Sembcorp Marine weighed down by offshore projects in first quarter Media: Dan-Bunkering owner hires security guards Maersk Drilling down USD 448 million in market value in a month Singapore buys into MSC's terminal operator Analyst firm predicts solid growth for squeezed offshore vessels Global sulfur regulations will have a huge impact on public health China mulls delaying next trade talks after Trump tariff threat Solstad's 2018 worse than first assumed Total becomes one of the world's largest LNG producers Vale appoints new chairman and CEO in one week Container liners improve poor reliability Gaslog optimistic despite drop in LNG rates CMA CGM tasks new VP with lifting key business area in Ceva Speed limit may boost global fleet by 235 percent Clipper laying off massively in extensive restructuring The start to 2019 cemented Clipper Bulk's future Abundance of rigs slows down recovery of drilling market Norden dragged down by "dry cargo market on the brink of collapse"Anadarko accepts Occidental bid Navigare Capital close to doubling 2018 profit BBC Chartering lines up successor to CEO Svend Andersen Topaz doubles result in first quarter Brazilian court closes second-largest Vale mine again Kvaerner raises 2019 expectations Norden after collapse in dry bulk: "We're much better prepared"Italy supports Mediterranean environmental zone Flex LNG closing in on New York listing Eagle Bulk defies dry bulk crisis Hempel CEO switches to Vestas Media: Volkswagen looking for buyer for MAN "If Panalpina has its own planes, DSV should have its own ships"Cosco buys several container factories from PIL Odfjell glimpses brighter future after several tough years Finnlines feels impact of slower Finnish trade Norway funds eco-friendly vessels for Teekay Maritime & Merchant Bank increases its lending again Niels Smedegaard aims to repeat DFDS success at Norwegian Commerzbank trims its shipping portfolio Goodbulk reports a new profit despite weak dry bulk market DFDS grew its revenue in first quarter Hapag-Lloyd surprises by quadrupling operating profit DHT Holdings maintains strong development Car carrier boosted Wilhelmsen in first quarter Boskalis appoints new chief financial officer New study highlights savings from speed limit Genco CEO sees better times for large dry bulk ships Viking Supply Ships books deficit on unsatisfactory revenue Maersk Drilling will reduce CO2 emissions with hybrid rig New DFDS chief executive begins comprehensive change in management IMO summit sets scrubber malfunctions on agenda Trump raises tariffs on Chinese goods to 25 percent – China to retaliate Chevron gives up on Anadarko acquisition Dam collapse causes Vale's first-ever operating loss Scrubber lobby receives assurances from several ports Skuld CEO on new profit: "Strong result"Norwegian oil group increases value by a third in first quarter Kongsberg laying off and closing offices following Rolls-Royce acquisition New CEO identifies five central points in Uni-Tankers' strategy Wrist busy fulfilling ambitious goals after tough 2018 Next round of Trump's tariffs may arrive in a few months Shipping has five days to discuss two crucial issues Saudi Arabia: Two oil tankers sabotaged MPC Container Ships is buying stocks instead of ships Alfa Laval's customers favor open-loop scrubbers Siem Offshore eyes rate improvements in 2019 EU funds new million-euro trial with hydrogen ships Wärtsilä to supply engines for China's first LNG-powered offshore ships China will raise tariffs on US goods from June 1 Kitack Lim launches summit with call for action Lloyd's to investigate allegations of sexual harassment Confidential report questions Fehmarn project Torm books best quarterly result in three years Schulte Group launches fund for maritime startups "It's highly unlikely that DSV will start shipping line operations"Five shipping lines join container sector's new association Team Tankers sees positive signs for chemical segment Shipowners warn against impact of trade war Panalpina set to pay its executive team a big bonus Container lines forgot their customers in their rush to cut costs Torm prepared to make the most of recovery Eight new yards added to EU shipbreaking list MSC chief information officer puzzled by Cosco's absence from digital alliance Main tradelane could take big hit from new tariffs IMO looks set to approve stricter rules for ship design Analysts surprised by sliding stock prices among drilling companies Maersk Container Industry suffered heavy losses after factory closing Equinor awards drilling contracts worth NOK 2.5 billion Shippers bet on the EU to make liner companies more transparent Nordic American Tankers reports best result in years IEA cuts oil-demand forecast but sees market tightening on Iran HMM expects better market – but trade war looms Avance Gas books new deficit after rate slide Andreas Sohmen-Pao becomes new chairman of Epic Gas Maersk Drilling maintains guidance for the year NGO voices criticism of last-minute change at IMO Svitzer divests Portuguese business with 15 towboats Frontline sees signs of a weaker tanker market ShippingWatch closed Friday Another country joins Hong Kong Convention Scan Global Logistics considering public listing BW LPG's deficit grew in the first quarter Maersk moves part of APM Terminals to its logistics unit Sovcomflot predicts continued tanker recovery later this year Maersk Tankers sells ships in lease deal Maersk Drilling CEO awaits more work from key market IMO expedites ship design requirements – but postpones bid for short-term solutions Maersk disappointed by lack of short-term solutions at IMO Singapore classifies scrubbers' residue as toxic waste Kuehne+Nagel believes in growth despite trade war Oil price surges after OPEC meeting and unrest in Middle East Hafnia books first profit after merger Explosion kills two workers at yard in Bangladesh Greek owner hit with sulfur fine in Norway IMO summit leaves some stakeholders optimistic and others disappointed LNG production capacity set to skyrocket headed by the US XO Shipping's profit took a big dive in 2018 Stena's business grows – but the profit shrinks Major shippers call tariffs "catastrophic" in open letter to Trump McKinsey views India as the big joker in container shipping Trade tensions put global economic growth on a "subpar" setting Former TKB owners behind new dry bulk operator Port of Hamburg returns to growth in first quarter Hunter Group to raise capital for newbuilds Esvagt reports setback in profits Zeaborn aims for 250 ships under management Maersk is expected to deliver a stronger first quarter result Golar LNG to spin off its ships Alphaliner lowers expected container growth Hafnia and Mikael Skov open to more acquisitions Svitzer testing robot arms to handle key tasks Trafigura raises half a billion yuan in China Golden Ocean expects new deficit Nordic Shipholding raises top and bottom lines Supplier hires new CEO ahead of expected sales wave ExxonMobil and Total want to grow as direct bunker suppliers Nordic Bulk Carriers delivers its best result yet BW LPG secures major credit agreement ZIM boosted by rising container rates Former Eimskip CEO wants competition case closed BW will spin off and list energy company XO Shipping played it safe in 2018 CMA CGM orders trackers for 50,000 containers Maritime companies most often have no clear hiring policies Norway's DOF close to breaching financial covenants Jacob Meldgaard is new chairman of Danish Shipping Hess books new million-dollar deficit on North Sea field operation Seadrill's deficit deepened in the first quarter Dorian spent millions on rejecting BW LPG takeover bid Teekay advances on improved tanker market Havila's deficit grew in the first months of 2019 Maersk books small profit in first quarter Maersk fears further effects of trade war Star Bulk books deficit in tough market Equinor wants to hire over 250 skilled workers this year Costs grow for Maersk's port operator Eimskip notes million-euro deficit following rejected tax appeal "I'm more concerned about swine fever than trade war"IMO becoming more transparent – but press is still limited Aker BP closes bank deal for USD 4 billion Søren Skou: We have the strength to make acquisitions in logistics Schlumberger suffers credit hit as oil clients stick to cuts South Korean feeder ship on fire in Thailand MPC sees major uncertainties in the container market Sohmen-Pao and the sense of Nordic shipping DFDS using tool to prevent bunker cheating Higher transport need strains shipping's climate targets Norwegian oil sector highly optimistic about the future Samskip files complaint about RAL and Eimskip's partnership Seaintelligence points to Hapag-Lloyd as top performer Norway's Ulstein yard gets new director Maersk also wants to track its containers Star Bulk buys 11 dry bulk vessels from equity fund Clarksons: Few orders for new ships could put pressure on Maersk Russia orders more nuclear-powered ice-breakers for Arctic sailing Iceland looking to tighten sulfur limit Norway raises expectations for oil investments New management group to boost V.Group's core business Zim orders reefer containers from Maersk Container Industry Maersk Tankers orders new ships Standard & Poor's raises Maersk outlook MSC and CMA CGM join Maersk's digital platform Bunker Holding aims to capture market shares after 2020 Angry yard employees protest before decisive meeting about merger Tradelens in talks with several major shipping lines Offshore carrier Solstad lost half a billion NOK in first quarter ShippingWatch closed Thursday, May 30th Borr Drilling settles large credit facility Liner companies see scrubbers as best alternative to low-sulfur fuel Kuehne+Nagel bolsters financing with CHF 400 million Samskip has monitored RAL and Eimskip's plans for over two years Unifeeder exceeded own expectations in 2018 Torm hires new CFO with experience from Danske Bank OW Bunker's insolvency estate close to settling with ING Bank US national security advisor blames Iran for tanker sabotage Bunker company loses license in Singapore after magnet fraud CMA CGM raises cost efficiency target and rationalizes APL Maersk Broker boosts profit Trump to punish Mexico for illegal immigration with tariffs Hunter Group close to sale of two newbuilds 55 new supertankers could hit the water this year Media: Trump no longer skeptical of the 2020 sulfur regulations Shareholders approve split of South Korean yard ahead of merger DSV chief executive prepared to boost digitalization Sohmen-Pao: One has to be very brave to order a new ship now Flex LNG lost millions of dollars in the first quarter Many investments heading for Norwegian gas and oil fields Trump affirms annulment of India's zero-duty status John Frederiksen's ADS Crude Carriers open to buy more ships New witness to take the stand in case against former OW director Torm buys four ships Media reports: Insurance companies increase premiums in the Gulf of Oman Danske Bank reported Dan-Bunkering to authorities Total reaps major unexpected gain from Maersk Oil take over Chinese container shipping company rejects Tradelens Norwegian oil workers want a piece of the sector's recovery Clipper Group A/S books small profit in 2018 Container lines' financials have become incomparable Strike in the North Sea avoided following new pay agreement Major bonus is central to case against former OW Bunker exec J. Lauritzen hit by sudden dry bulk collapse Oldendorff has entered 23 deals with Chinese leasing companies Ceva brings in new VP from competitor Lightship has begun a "consolidation year"Container vessels cut a fifth off CO2 emissions over four years MSC to spend EUR 1 billion expanding key Spanish port Prosafe to merge with competitor Equinor wins five UK licenses NGO: One cruise liner pollutes more than all cars in Europe ABS identifies shipping sector's challenges ahead of 2050 Shipowners hold that US and China are the biggest concerns APM Terminals CEO wants to increase earnings OW Bunker CEO in text message: "You've managed to close the company"New rules cause container carriers' debt to soar World Bank cuts global outlook as trade tumbles to decade low Odfjell expects fewer long-term contracts Dan-Bunkering blames name confusion for new Syria case Total starts up Culzean field ahead of schedule Hapag-Lloyd to install tracking software on 100,000 containers Supplier ready with new battery for ferries and cruise ships Shipowners face extensive sulfur clean-up prior to 2020 Tough dry bulk market makes Klaveness reduce fleet Oil prices drop to lowest level since January after high production Trump warns of further tariffs on Chinese goods Norway's Kristian Siem prepared to help struggling Solstad Maersk Growth invests in expansion of digital platform Shell has great expectations for next decade's LNG market Seadrill gets new CFO Top bankers warn offshore oil industry's debt woes aren't over ShippingWatch closed Monday, June 10 New witness in OW Bunker case: "Great mutual trust between top management and Lars Møller"The freight forwarding sector has only moved marginally on digitalization State actor assumed to be behind attack on tanker ships The ideal maritime leader is an illusion Sovcomflot and Cosco Shipping form new LNG partnership Baltnav diversifies business after busy 2018 17 crew members missing from sunken dry bulk vessel DNV GL projects three-fold increase in installation of LNG tanks 20 freight forwarders compete for global sea transport Trump says he'll raise China tariffs if Xi won't meet at G-20 Container sector could be short 600 feeder vessels Scrapping of container ships picking up speed Shell kicks off huge Australian LNG export Dryships takes full ownership of tanker pool Strong iron ore trade increases rates on large bulk vessels Navig8 Chemical Tankers appoints new CEO Trump's China policy has changed several trade patterns Trafigura doubles profit in first half year Customers have three requests for liner companies' digital alliance Prosecutors demand at least five years in prison for Lars Møller Trade deal could propel US to top of China's LNG supplier list Partner leaves Golar LNG's pool cooperation Equinor CEO sees great anxiety on the oil market EIA projects lower oil demand Strained Brightoil bags USD 200 million on ship sales DNV GL enters strategic cooperation with Japanese shipyard Trade war has lowered China's export of containers to the US Hapag-Lloyd to find new chief financial officer Defense attorney: OW Bunker management knew about massive credits Unifeeder eyes shift among customers: Moves cargo from highway to sea Weak demand could affect container lines' margins Frontline tanker attacked in waters off Fujairah Eitzen's new shipping company now reports an operating profit Pakistan ready to place major order for LNG cargoes Oil jumps from near five-month low after suspected tanker attack Connecticut to multiply offshore wind ambitions Klaveness CEO appointed vice president of ICS OPEC projects lower oil demand due to trade war Ships told to stay away from Gulf of Oman following serious attacks Norway's OSM to operate Hunter Group's eight new supertankers US says video shows Iran was involved in an attack on tanker China raises duties on steel pipes from US and Europe Norwegian suppliers secure majority of Johan Sverdrup field DFDS and Volvo enter collaboration on autonomous transport Aker Solutions appoints new CFO Former OW executive sentenced to five years in prison Maersk to explore arctic route with Russian company European Commission opens state aid investigation against Fehmarn Frontline rules out ship malfunction as cause of explosion This week's top stories on ShippingWatch Frontline hesitant to send more ships to the Gulf of Oman Former OW Bunker-exec "deeply surprised and disappointed" by jail sentence DSME to develop digital ships through partnership Commodity trader boycotts scrubbers South Korea suspends Iranian oil imports Equinor makes oil discoveries in the Norwegian Sea Denmark heightens threat assessment for sailing in the Gulf of Oman Tankers may sail on ammonia from 2030 Hunter Group sells vessel for USD 98 million World's biggest container lines switch from owned to chartered tonnage Major shipping banks impose climate requirements on shipping companies DFDS launches significant growth plan Many tanker carriers have ships heading to the Gulf of Oman Swine fever and trade war lower China's soybean imports further Gulf of Oman tanker attack could spike rates Fredriksen's Flex LNG debuts on NYSE Hydrogen may play an important role in shipping from 2030 An offshore vessel costs less than half a million USD Christiania Shipping ready to expand fleet following first profit Efforts to salvage Thorco's wreck begin How Torben Carlsen will achieve DFDS' new strategy Monjasa owner earned millions in 2018: Expects improvement this year Following banks' new environmental principles: Carriers also feel pressure from customers Part of Frontline crew returns to attacked ship Cocaine worth USD 1 billion seized from MSC ship Mega-ships will continue to drive fleet growth Euronav buys up low sulfur fuel ahead of 2020 Iraq rocket explodes near Exxon oil field workers' camp Survey shows 49 percent of shipping and logistics companies use online platforms Trade war causes Celsius Shipping to pause ship purchases Majority shareholders increase stake in Hapag-Lloyd Panalpina projects problems for shipowners ahead of sulfur regulations Frontline increases bet on tanker market: buys more ships Shipping is all-in on 2020 – but investors are hesitant Vale can resume operation of Brazilian mine Bunker Holding doubled its result – but puts a damper on growth Bourbon Offshore must choose between two rescue plans Total announces North Sea firing round with 200 layoffs Oil suppliers can once again raise prices Maersk will now sail on cooking oil to reduce CO2 emissions Bimco turns its back on Baltic Dry Hapag-Lloyd considers ordering six new mega-vessels Creditors extend Solstad's debt suspension and deferral deals DSV top execs join Panalpina board of directors Sverre Farstad ready with new offshore carrier Thorco has a significantly more positive view of the project cargo market MSC has customs certification suspended after large cocaine discovery on ship Rating bureau calls off liner companies' acquisition race Norway's government wants to halve shipping's emissions already by 2030 Stagnating growth halts newbuild orders Grieg family's dry bulk company gets new CEO and chair Norway's Ulstein Group books new major loss in 2018 Exxonmobil plans final exit from Norway Carsten Mortensen to head new maritime investment fund Sembcorp Marine lands major credit facility Dan-Bunkering has done business with Russian military since 2010 Norwegian Jebsen carrier gets new CEO after 26 years Please update your app Oil keeps rising as more US sanctions worsen tension in gulf EU Commissioner hopes for extension of container block exemption New mega-orders will have minimal impact on container market Exxonmobil's sale of Norwegian oil activities could set record The US will tighten monitoring of ship traffic near Iran Rig company could go bankrupt today Trade war's impact on shipping may be short-lived Trade tensions slow down Evergas' ambitions for more ships Erria upgrades outlook after buy-and-sell ship deal Creditors extend offshore carrier's debt payments Maersk launches new online product for customers Former Maersk CEO is major investor in Carsten Mortensen's new fund Shipping companies' climate strategy worries environmental organization Creditors postpone rig company's insolvency Lundin CEO criticizes Norwegian oil divestments US issued several warnings to Denmark about Dan-Bunkering Major customer: Getting prices from carriers can be a nightmare Logistics companies struggle with Brexit expenses Vitol building refinery for low-sulfur oil Hapag-Lloyd's market value surges as major shareholders increase stakes Rig company throws in the towel and files for bankruptcy TechnipFMC fined USD 296 million in corruption case Good times for rig companies not likely to return Scrubber installations send rates soaring New Swedish study: Open-loop scrubbers produce significant pollution Singapore Shipping Association gets new president Happy talk of Trump-Xi truce masks hard path to a deal Klaveness speeds up following Gulf of Oman attacks Former Höegh-executives indicted in US Blockshipping enters new partnership – but still needs to finish platform Friday might bring big strike on Norwegian rigs Uni-Tankers CEO after new loss: "It's been a turbulent year"Two US bills may extend offshore tax credit The total amount of cocaine seized from MSC vessel grows to 18 tons Ripped Brexit contracts in half: UK is working on a new plan Torm monitors Gulf of Oman situation daily Johan Uggla joins Maersk Supply Service board Singapore revokes another bunker company's license Big strike among Norwegian rigs workers canceled Dan-Bunkering owner on Syria case: "They acted as they were supposed to"Western Bulk forms partnership with data-based hedge fund DFDS keeps an eye on this weekend's meeting between Erdogan and Trump Oil set for best month since January before crucial meetings The sparks aboard Torm Laura herald the upcoming 2020-regulations This week's top stories on ShippingWatch DP World acquires offshore company Topaz Maersk-investors doubt earnings target: "It doesn't seem likely"DFDS has found its new CFO HMM joins THE Alliance OPEC set to extend output cuts into 2020 as demand falters US and China enter trade truce EU and four South American countries establish trade agreement Maersk to become baby brother in the Pacific following partner's exit Manufacturers predict 4,000 scrubbers by 2020 LA city council vetoes APM Terminals' digital port project Media: Equinor and Aker BP negotiating billion-dollar deal CMA CGM introduces war risk surcharge Saudi Aramco to restart preparations for mega IPO Hapag-Lloyd and ONE join Maersk's digital venture China's two biggest shipbuilders to merge The world's oil majors have an iron grip on oil service companies EU Commission reveals carbon emissions of European vessels OPEC countries agree on nine-month curb Maersk wanted HMM to remain a 2M partner Maersk-executive: Tradelens has secured critical mass Maersk to slash its fuel bill using Artificial Intelligence Ensco Rowan changes name following merger Oil companies invest millions to revive Norwegian oil field CMA CGM will drop the UK flag following Brexit Shipping's digital ventures could ward off disruptors Stolt-Nielsen on chemical tanker market: No signs of an upturn yet China raises security warning on ships plying Malacca Strait Østergaard-Nielsen increases profit by over 50 percent Maersk and MSC have to return chartered vessels to HMM ExxonMobil names new low-sulfur fuel Bomin director to become bunker chief at Hapag-Lloyd Tanker headed for Syria detained in Gibraltar EU revises CO2 emission figures following error Hapag-Lloyd orders 13,000 reefer containers BP says some of its oil "won't see the light of day"Uncertainty continues in container market despite fewer idle ships Blue Water-founder initiates generational handover Esvagt expands its business ZIM expands cooperation with 2M Svitzer denies employees' demands in labor dispute DSV petitions the EU for go-ahead on Panalpina acquisition Iran demands supertanker released immediately from Gibraltar Maersk and competitors introduce war risk surcharges following tanker attacks More debt-ridden offshore carriers could merge Going dark and fake voyages: The tricks used to dodge trade sanctions Container rates down this week Drewry downgrades forecast for container growth Equinor makes oil discovery 2020-regulations increase high-sulfur fuel price in Asia MPC Container Ships gets go-ahead for scrubber financing This week's top stories on ShippingWatch Iran threathens to detain UK oil tanker in retaliation OW Bunker's bankruptcy estate sues its own trustee Oil tankers dodge top Mideast refueling hub after ship attacks Bunker companies were part of Russian game in Syria Equinor divests shares in competitor in million-dollar deal Wärtsilä joins forces with Cosco yard on scrubbers Desmi secures major ballast water system deal with Stolt Tankers The majority of pirate attacks happen in Nigeria and Indonesia Gas rates reach highest level in years Panalpina introduces war risk surcharge World's largest port operator hires banks on USD 1 billion bond Founder will never put Blue Water put up for sale Total fined for Maersk Oil's pollution in the North Sea J. Lauritzen opens dry bulk office in Dubai Authorities: Detained tanker is full of crude oil Seadrill hiring again in Norway after oil price collapse Tradelens open to letting carriers join in alternative ways Endofa submits incomplete financial report MSC ship ordered to remain in the US after cocaine bust Peter Appel joins boards of USTC companies The US and China had constructive phone call about trade Vale must pay for damages following mine collapse These are the world's ten largest container ships Total divests several oil fields in the North Sea Wrist Ship Supply acquires Belgian competitor Team Tankers appoints replacement as CFO Three new Chinese yards discussing merger Chief execs confident in dry bulk recovery Drewry: Three factors hold multipurpose back Iran tried to force UK tanker vessel into Iranian waters A.P. Møller Holding acquires Danish wind supplier Borr Drilling looking to seek US listing Banks settled to avoid costly battle with OW Bunker's estate Maersk Oil's pollution triggers review of sanctions Cargoes from seized MSC vessel continue voyage Denmark's merchant fleet fifth-largest in the world UK tightens climate target in new maritime plan OPEC expects another over-supply of oil next year DNB reduces lending to shipping and offshore Captain on Iranian oil tanker in Gibraltar arrested Race car driver new CEO of Samskip Aker BP's profit nearly halved Thorco close to completing sale of costly problem-ships Container rates increase again Ocean Yield to expand fleet Britain raises Gulf shipping threat level to highest possible Scorpio installs more scrubbers This week's top stories on ShippingWatch UK demands guarantees to release Iranian supertanker Søren Skou: "The first step in Maersk's transformation is now complete"China sets commodities records in good sign for growth China presents slowest growth in 27 years 2M could lose 7 port pairs once HMM leaves CMA CGM, Cosco and Hapag-Lloyd sign digital collaboration Ships warned against using armed guards in Gulf of Oman Shipping companies must keep an eye out for red flags on sanctions MAN and DSME enter new partnership on engine digitization Bank predicts positive financials at Maersk Dry bulk rates reach highest level in five years Cosco is considering joining digital alliance Blue Star Line files for bankruptcy MSC pays millions to release seized vessel Norway's oil hunt maintains full speed – but with only few discoveries DNB wants more banks to support new climate requirements Nigeria now has a chance to open its oil fields Odfjell sells stake in Chinese terminal Keppel lands contracts worth USD 130 million Khamenei warns UK's seizure of Iran tanker will not go unanswered Trump: Trade deal with China is still far away Container market split in two between big and small ships CEO of Blue Star Line: "It was out of our hands"Commodity trader sues Torm and Valero Hunter Group hires CFO from Swedish bank Global Risk Management boosts bottom line by one-third Alfa Laval sells fewer scrubbers Iran says missing tanker had problems and was towed for repairs Bank to grade shipping companies for environmental transparency DSV gets acceptance to buy almost all Panalpina's equity Germany joins the Hong Kong Convention Iran says it could close Strait of Hormuz, but doesn't want to Wärtsilä also reports decline in scrubber orders Danske Bank increases impairments due to shipping loans Iranian forces seize foreign vessel in Strait of Hormuz Marshall Islands to be removed from EU's tax haven list Aker Solutions raises revenue for the fifth consecutive quarter Seadrill bags several long-term contracts Climate mitigation could see fleet value halve Keppel's shipyard turns deficit around US destroys Iranian drone in the Strait of Hormuz Zeaborn's founder steps down New offshore projects could surpass 2014 record Two major obstacles hold digitization back in shipping Container rates declined over the week This week's top stories on ShippingWatch APM Terminals reaches agreement in port worker dispute Havyard gets help from creditors and sells assets to stabilize finances IMO condemns Strait of Hormuz tanker attacks Iran has seized vessel from Stena Bulk Theresa May to lead emergency meeting on Persian Gulf security Stena Bulk requests visit to crew aboard seized vessel Shipping companies must carefully review contracts before entering Strait of Hormuz Intercargo worried six months prior to new sulfur regulations Wilhelmsen unit joins Norsea in Danish port Danish shipping companies increase vessel orders five-fold Sweden ready with new big hybrid ferry BP launches new biofuel joint venture Woodmac predicts boom in Russian LNG exports UK: Europe must deploy forces to protect vessels in Hormuz Scorpio Bulkers benefits from stake in tanker company DSV extends acquisition deadline Maersk Drilling lands deal for Resolute rig Kuehne+Nagel continues to lift container volumes Navig8 Chemical Tankers adds another new director Aker BP strikes high-grade North Sea oil Creditors demand USD 800 million from debt-stricken Bourbon DP World increases volumes in first half of the year DFDS to grow through acquisitions in logistics Media: Three EU countries support UK naval mission EU threatens 35 billion euros in tariffs on US goods World Fuel Services lands new credit deal ahead of 2020 DFDS hopes for deal despite Boris Johnson's promise of Brexit Maersk Honam resurrects under a different name Kuehne + Nagel still looking for acquisitions in sea freight Subsea 7 wins big wind contract with Ørsted Every second Danish CEO fears cyberattacks on fleets China plans to expand open-loop scrubber ban Eagle Bulk to acquire six vessels Kuehne+Nagel acquires Austrian transport company Equinor reports major savings for Johan Sverdrup Investor wants millions back from Danish shipyard Total books disappointing second quarter NGO: Worker dies at shipyard in Bangladesh DHL to launch more digital initiatives V. Group's CCO steps down Iran warns Brazil over stranded ship barred from refueling Extra containers drive growth in the Port of Rotterdam Hapag-Lloyd benefits from trade war Brazil court orders Petrobras to fuel stranded Iranian ships Warship escorts British vessels through Strait of Hormuz Atlantic Petroleum replaces entire board Denmark prepared to join naval mission in Strait of Hormuz DP World to build new billion-dollar container port Rates for Asia-Europe routes storm ahead OSM Maritime to double growth with private equity investors Bourbon is insolvent and requests rehabilitation proceedings Jebsen-carrier books another major loss This week's top stories on ShippingWatch UK sends another navy vessel to Hormuz OOCL grew its revenue in the second quarter APL appoints new chief executive Neon's foray into European marine insurance books deficit in first year Media: South Korea to send destroyer to Strait of Hormuz Lost damage suit hits Samsung with large deficit Analyst firm plays down activity boom ahead of sulfur requirements EU Commission clears DSV's acquisition of Panalpina Bank casts doubts on Panalpina's performance ahead of DSV report New UK ferry route contracts imminent for no-deal Brexit supply security UK flag threatened by Hormuz conflict in addition to Brexit Hyundai Heavy Industries boosts revenue ahead of merger LNG export from the US to EU has tripled in one year Sembcorp Marine's revenue drops in first half of the year This is why HMM decided to end its partnership with Maersk and MSC BP expects lower oil output in third quarter Eagle Bulk reports new deficit BP keeps own tankers away from Strait of Hormuz Transocean books another large deficit OOIL finalizes billion-dollar sale of Long Beach terminal DSV raises revenue despite "soft" market development China, US conclude Shanghai talks without signaling progress 31 container vessels equipped with scrubbers in July ONE reports improved result for the quarter and raises guidance Pacific Basin's profit in significant setback Scorpio Tankers lost USD 30 million in second quarter Kristian Siem becomes chairman of Siem Offshore DSV calls off trade war fears: Higher tariffs mean nothing to us Ceva's revenue wanes in first report under new CEO China, US plan next round of trade talks for September Oil service major doubles its LNG order book Ardmore continues to lose money Lundin counting down to Johan Sverdrup opening DSV wants to close Panalpina deal no later than Aug. 19 Shell's revenue slashed in half as prices slide Cosco pushes APM and DP World down on the list of the world's largest port operators Evergreen pledges improvement after fatal shipyard accident Teekay Tankers reports second quarter loss Trump ratchets up US-China trade war with new tariffs Climate agenda severely impacts Equinor's market value Swedish Club doubles premium for vessels in the Persian Gulf Classification bureau finds new fuel types in unusual ports Hapag-Lloyd expands fleet following growth in reefer HMM takes top spot in liner majors' schedule reliability Noreco completes major Shell acquisition Lower economic growth could slow bulk market Customs agents discover 4.5 tons cocaine aboard container ship in Hamburg China asked state buyers to halt US agriculture imports Iran seizes another oil tanker in the Persian Gulf New Eimskip CEO abandons acquisition strategy Finnlines buys ships ahead of sulfur cap Offshore hirings are booming again Prosafe's fleet utilization at highest level since 2015 Improvements in liner companies' reliability far from similar Iraq denies ties to vessel detained by Iran MOL to develop alternative fuel based on methane This is where the happiest seafarers work Danaos expects boost from trade war and sulfur cap Eimskip rejects competitor's criticism of Greenlandic partnership Biggest wealth fund's bid to dump Big Oil is now but a whimper Liner companies could struggle to respond to China's new trade threat Torm VP leaves the company for competitor Kontainers rejects outside capital: "We get approached by venture funds almost every day"Svitzer accused of sidelining joint venture partner This is how many Norwegian seafarers work on Norwegian ships Trident Alliance criticizes Indonesia's announced revolt against sulfur cap Evergreen scraps four vessels after pledging higher standards Hapag-Lloyd transports more containers and increases earnings Iran sanctions breach suspicion prompts bank to seize ships Port workers take APM Terminals to labor court Stena Bulk says continued ship detainment is "unacceptable and unjustifiable"Alphaliner downgrades growth on container market DHT Holdings back in the red in second quarter The weather is getting more extreme – and creates more business Hapag-Lloyd to issue fines in China for misdeclaration of dangerous goods Dorian doubles revenue on significant rate surge Acquisition and new ships boost Seaspan's revenue Diamond S confident in tanker recovery in H2 despite deficit Star Bulk reports deficit after major impairment More than 97 percent of Panalpina shareholders accept DSV's offer Euronav books large second quarter deficit The US warns of Iranian threats to ships Crisis-stricken Bourbon gets court approval for reorganization Genco paid high price for impairments and strategy change The Asian market is Traxens' next big target Loss-making Höegh Autoliners gets large million-dollar capital injection Dorian expects soaring growth in LPG exports from the US UK finds heroin worth millions of GBP on container ship BP will sell low-sulfur fuel in yet another major European port Petoro increases billion-dollar cheque to Norwegian state Security firms pulling British guards from the Gulf Occidental finalizes Anadarko acquisition Navigator doubles deficit and appoints new CEO These are the best-connected ports in the world Hapag-Lloyd has 24 months to enter the top in schedule reliability Trade war holds little fear for bullish shipping analysts Swedish shipping companies apply for tonnage tax scheme Stena Oil ready to deliver low-sulfur fuel in Scandinavia UN lists seven initiatives to increase port connectivity Container industry is finding a sustainable formula NGOs call on Cosco to sail on cleaner fuel in the Arctic Maritime battery supplier bags Shell investment APM Terminals expands in key Mexican port Brokerage business lifts Clarksons in first six months Stena CEO asks India's president for help to release ship Jefferies expects Maersk to beat low expectations Evergreen to fine customers USD 35,000 for misdeclared cargo Brexit prospects make DFDS downgrade full-year guidance Shipping stock takes a hit following global unrest Pioneer Marine grows profit despite sliding rates Digitization threats diminish growth confidence among CEOs Fredriksen shipping companies to establish bunker venture with Trafigura Far fewer vessels sink on the world seas Tidewater stays in the red despite increased revenue Brexit now a bigger headache for DFDS: "No signs of an imminent, magical solution"OOCL says container sector might need to adjust products and services All three ONE partners turn deficits into profits DFDS in talks with UK on new Brexit contracts Norden downgrades expectations for dry bulk Iran says it expects tanker held by UK to be released soon BW Group's Epic Gas still in the red 23 container ships are currently getting scrubbers installed HMM reduced deficit but remains strained by global unrest Waiting time in ports costs shipping billions of dollars annually Norden CEO confident in considerable gains for product tanker during second half Up to 11 new 23,000 teu container vessels will boost Evergreen's fleet Viking Supply Ships reduced its deficit significantly Lower rates and loss-making ship sales double Team Tankers' deficit Western Bulk reports large deficit after "streak of unfortunate events"Maersk reports profit of USD 154 million after "solid progress"Maersk to invest significant sums in container logistics Torm books profit in second quarter Norden surprised by "more robust" dry bulk market Yang Ming books deficit for the first six months of the year DSME expects tough six months following setback Golden Ocean quadruples deficit in weak dry bulk market Søren Skou wants to turn Damco around and speed up logistics DFDS' downgrade surprises analysts Norden bags contract with Enviva UK authorities release Iranian tanker detained in Gibraltar Clarksons sees basis for even better full-year results from Maersk Eagle Bulk to open office in Denmark Stena's chief executive is pushing for release of ship in Iran Concordia Maritime reports deficit for the first six months Rates for offshore service ships reach new heights in the North Sea Seadrill enters joint venture in Qatar Maersk not worried about tariffs – but Skou would like to meet with Trump Media: Trøim booked hundred-million loss in one year Port of Hamburg grew in the first half of the year Torm embarks on tough third quarter DSV's acquisition of Panalpina comes with two key challenges Iranian oil tanker leaves Gibraltar despite US protests DSV closes Panalpina acquisition and expects major annual synergies Global container rates more stable than ever Nordic American Tankers reduces loss in second quarter World's largest container vessel is operational Trade war creates bleak prospects for US soy bean exports 17 seafarers kidnapped from vessels in Cameroon Carsten Mortensen's fund takes delivery of first two vessels DSV warns of layoffs after Panalpina takeover Samsung Heavy gets major order for 10 tankers Norwegian shipping bank boosted loans despite uncertainties Oil refiners go from profit pain to gain on ship-fuel rules A quarter of Maersk Supply Service's vessels are stacked US warns Greece against assisting Iranian tanker Anglo-Eastern CEO warns against delicate scrubbers Seadrill books new major deficit Flex LNG executive following new loss: "A cold shower"New CEO takes over from Svend Andersen at BBC Chartering Strained DOF continues negotiations with creditors Dryships delisted by founder Maersk Container Industry's revenue plummets Skou wants suppliers to join Tradelens: "We can basically force them"MAN enters partnership with another South Korean shipbuilder Mats Berglund sees several stronger years ahead for dry bulk J Lauritzen dials down financial communication Odfjell reduces loss following higher rates Indonesia to enforce sulfur regulations after all Shipbroker says companies get rush deliveries of VLCCs prior to sulfur cap Heavylift company tests biofuel on offshore vessel 2019 puts shipping investors to the test 2M cooperation helps ZIM back in the black Logistics company to develop autonomous trucks P&I Scandinavia forced to liquidate in Denmark after disagreement Media: Several BP and Glencore vessels stuck with dirty oil Topaz Energy and Marine doubles its result DP World pleased with Unifeeder acquisition: "Early signs are positive"Stena Bulk CEO met with Iran's foreign minister Hafnia's Chinese joint venture lands new deal with German bank Borr Drilling nominates new chairman Oil price recovery missed drilling companies by miles Avance Gas notes significantly stronger gas market DFDS agrees that scrubbers are complicated and demanding Frontline buys a series of suezmax tankers from Trafigura Maersk Drilling reports setback in first half of the year Höegh LNG dragged down in second quarter Dutch offshore service major Boskalis hit hard by fierce competition DSV gets several new major shareholders as part of acquisition Investment boom in Norway's oil industry could fade soon Media: Stena vessel and crew could leave Iran in a few days Wallenius Wilhelmsen charged with cartel activities in Australia Maersk Drilling CEO: Investors need to be patient Frontline projects a significant surge in tanker rates China hits back at US with tariffs on cars and soybeans OOCL turns deficit into major profit Trump responds to Chinese tariffs by escalating Bunker sector preparing for legal battles after 2020 LNG export market shifts down under Trump says China called, requested to restart trade talks Risk Intelligence opens Singapore office DSV cuts five executive positions at Panalpina Former Maersk profiles become new investors in startup Portchain Iranian tanker and oil cargo sold to unnamed buyer Singapore reports all bunker barges ready for 2020 Maersk's head of Marine HR: Our crew costs are too high Pareto projects oil price of USD 65 the next two years Panalpina confirms departure of executives Container lines grow their businesses Frontline anticipates turning point in tanker shipping Maersk chairman and former CEO join forces in new venture Danish Ship Finance sees major increase in shipping lending Valaris bags several lucrative contracts Monjasa buys five tanker vessels Union ready to battle Maersk on seafarers' rights: "There's no end to this"Jens Martin Jensen takes new executive job in the US Macron supports speed limit for ships at summit Klaveness subsidiary books deficit in second quarter Dan-Bunkering's potential sanction violation may be three times bigger Confidential plan: Maersk wants to cut crew-related costs Fredriksen prepared to buy supertanker fleet from competitor UK deploys another naval vessel to the Strait of Hormuz Scrubbers looking to be a sound investment Per Sylvester Jensen steps down as CEO of MOL Nordic Tankers Hafnia lands major profit in difficult market Relyon Nutec goes on buying spree supported by equity fund Kongsberg lifts top line in first half-year as earnings shrink Deputy CEO leaves Wintershall DEA following merger Authorities close to decision in case on Maersk shipwrecks Banks support Prosafe's merger with competitor Havila Shipping books another major deficit Mikael Skov on investor drought: We must deliver before they return Woodmac says Chinese gas import will keep growing Solstad Offshore books another million-dollar deficit Classification firm fears mixture problems tied to sulfur cap Borr Drilling loses over USD 100 million in second quarter BW LPG in the black after near-doubling of gas rates HCOB adds EUR 500 million in new shipping loans Ackermann and BW LPG prepare for 18-month LPG upturn Sovcomflot cautiously optimistic following decent first half-year Global uncertainty yields million-dollar loss for MPC in first half-year Here are Frontline's most obvious acquisition targets Stena group's bottom line takes significant hit Hunter raises earnings and negotiates new ship sale BW LPG puts acquisition plans on hold John Fredriksen seeks heirs for several businesses "New dangers lurk around every corner"This week's top stories on ShippingWatch Pompeo: Iranian oil tanker headed for Syria Major fentanyl find aboard Maersk vessel Cosco advances in first half but eyes major uncertainties in global trade China plays down latest Trump tariffs with path to talks unclear China Merchants in talks to invest in CMA CGM port assets Conflict reveals deep mistrust in Svitzer's Argentinian joint venture Erria keeps working to restore equity Sembcorp Marine lands new orders DSV nominates former Panalpina vice chair as board member Low-sulfur fuel is so far 30 percent more expensive Maersk on ambitious CO2 plan: We risk burning our fingers without political action Equinor to commence extraction at Johan Sverdrup field Maersk company takes off in huge rig decommissioning market Oil fund's watchdog inquires into Maersk's Alang beaching Saudis replace Aramco chair with wealth fund boss before IPO NGO says two yard workers died in Bangladesh Consultancy predicts growth in reefer production Danish yard launches offensive against US investor RAL expects to start Eimskip partnership this year despite appeal case Closings delay Endofa's financial report Analysts confident in drilling market despite heavy losses Alphaliner: Former APL-exec in charge of selling CMA CGM's port assets OECD predicts increase in new green maritime jobs Seven seafarers released from detained UK tanker Maersk changes the name on the side of its ships Competition is forcing rig companies to scrap Mega ships cut services on Asia-Europe tradelane Clipper Bulk buys three dry bulk ships Seadrill partnership wins Angola contract Per Sylvester Jensen open to another executive job in shipping Sovcomflot joins producer in establishing LNG carrier US tried to bribe captain of Iranian oil tanker Euronav buys 420,000 tons of low-sulfur oil Maersk signs low sulfur deal with Rotterdam refinery US accuses Iranian shipping network of funding terrorism British authorities worried about Prosafe merger Current upturn in dry bulk may be shortlived Maersk finds new CEO for its digital venture Twill Norborg after ship acquisition: "Clipper Group is through the worst"Another bunker company leaves Singapore Shipping investor Peter Jein buys fourth ship since 2016 Exxon is said to be in Norway asset sale talks with Vår Energi US Fed: Trade war is holding back global growth Equinor expedites Johan Sverdrup extraction Samir is keeping an eye on tankers dodging the radar Pension fund says beaching ban is a major risk to shipping Fredriksen company buys ships from Fredly's Hunter Group 60 percent of Flexport's customers feel the trade war Norwegian operator expands into chemical tanker Media: A.P. Møller to increase presence in wind industry This week's most important headlines at ShippingWatch CMA CGM Group second quarter bottom line lands in the red Oil majors join forces on CO2 storage Previously unreleased recordings show hours up to Maersk ships sinking Claims dragged down Skuld's result in first half-year Iran may release Stena vessel "within days"DFDS acquires two newer ferries and changes 2019 outlook 20 seafarers rescued from burning car carrier – four persons missing India considers dropping new sulfur regulations Norden establishes new position to handle decarbonization Janholt on dry bulk upturn: There are a lot of unknown factors Two UK-bound DFDS ships rerouted to Turkey Four missing sailors rescued from capsized ship V.Group enters offshore deal and opens office in Abu Dhabi Höegh Autoliners reshuffles senior management Hamburg bank opens for loans on older ships: "We do see a gap in the market"Shipping companies want global regulation of slow steaming Freight rates unaffected by container cargo demand doubling in July Analyst says CMA CGM's growth ambitions come at a price Major stakeholder withdraws from Dof's board of directors Subsea 7 replaces CEO after more than a decade Rovana Plumb nominated as EU Commissioner for Transport Navigare acquires two container ships with pension capital Tanker carriers believe in long-term recovery that could start in a few weeks Eimskip under-performed in the second quarter Kontainers bags deal with Ceva Logistics Liner companies' profit margins boosted by new accounting standard Worker killed in explosion at Maersk's partner yard in India China exempts certain products from tariffs United Heavy Lift and competitor to open joint offices Danish Defense has held meetings with Unioil about Syria case Maersk and MSC in 2M suspend route in low season New report says oil consumption will peak in three years More board members follow major stakeholder's exit from Dof Subsea UK publishes its worst-case scenario plan for Brexit Trump postpones tariff increases on Chinese goods by two weeks Klaveness CEO: Shipping's CO2 target not adequate in a few years Evergreen confirms order of ten new mega vessels Monjasa moves to the Danish shipping cluster Report says covering LNG needs will cost over USD 400 billion ECSA pleased with pick for new transport commissioner More ambitious CO2 plan could double freight rates Seadrill CEO: "As an industry we have let down equity investors"BW Energy is in no hurry with planned listing CMA CGM appoints deputy CFO – also becomes CFO at Ceva Investor wants to enter talks with Maersk after beaching yard death China buys large amount of soybeans from US Airbus says it has found cause of helicopter crash off Turøy Hapag-Lloyd enters insurance market with digital product New dry bulk venture could be sold within a year More ship orders send South Korean yard stocks soaring Seadrill CEO would like oil companies to increase price levels Maersk shoots down the suggestion of more slow steaming This week's top stories on ShippingWatch Oil jumps most on record after attack cuts Saudi Arabian supply Fredriksen's Ship Finance International changes name Tanker rates may drop following attack on Saudi Arabian oil plants Golden Ocean increases investment in bulk operator Kvaerner to grow 40 percent in four years with two new initiatives Icelandic authority approves RAL and Eimskip's partnership Maersk Tankers and Cargill establish common tanker pool Endofa books record profit following closures – only two employees remain Bimco predicts "disturbing picture" for container lines Tanker company after attacks on oil facility: "It could get pretty ugly"Risk Intelligence on unrest following drone attacks: Carriers can do no more DFDS' environment chief: I ask myself how slow steaming can work Boskalis to build oil terminal in Iraq Prosafe reconsiders rig merger after authority's monopoly fears Navig8 Chemical Tankers reduces million dollar deficit in first half of the year Equinor finds new golden goose in Ørn exploration DNV GL believes in LNG as the best alternative fuel in the next decade Samskip puzzled by Icelandic RAL approval Norden lays off 11 employees and outsources tasks Wallenius Wilhelmsen: 50 percent reduction of GHG emissions is the absolute minimum MPC Capital and Zeaborn form new joint venture Saudi Arabia joins US-led coalition to protect oil shipping Pacific Basin spends USD 74 million on dry bulk ships OECD wants transparent financial support for shipping Sovcomflot CEO resigns Researcher behind scrubber study: "It is necessary to rethink the rules"Video shows malfunctioning scrubber pumping water into engine room Cosco appoints new OOIL chief executive Former Western Bulk CEO takes top position at Exmar Maersk Tankers is negotiating the acquisition of seven chemical tankers Global container fleet now exceeds 23 million teu ABB expects "huge growth" for digital venture Trump orders more sanctions on Iran after attack on Saudi Arabia Frontline drops buying more Trafigura ships: Focus on supertankers Stolt-Nielsen has postponed IPO of tanker company Danish financial police has preliminarily charged Dan-Bunkering Bimco warns shipowners FONAR is no get-out-of-jail-free card "It's regrettable that many think a speed limit is a perfect cure"Follow Hapag-Lloyd and J. Lauritzen's preparations for IMO 2020 Norden's new partner Synergy opens office in Copenhagen Shell to accelerate LNG fuel partnering with Qatar Petroleum Up to 500 supply vessels ought to be scrapped Norway's Vard infused with new equity by owner Fewer orders from maritime business pressure Wärtsilä's result Svitzer and Crowley sell their stakes in Ardent Shipowner Global Ship Lease bags refinancing deal Equinor extends Maersk Drilling's contract Shipowners call on IMO members to comply with sulfur regulations Maersk Drilling combines three business areas into one – COO steps down Stolt-Nielsen anticipates improvement in chemical tanker in 2020 Ane Uggla leaves Maersk Broker's board of directors Former Aegean executives sued in case related large-scale fraud Seaspan settles new financing agreement Hacker gained access to "compromising material" about Norden Søren Toft to give speech at New York climate summit MAN risks being double-taxed on USD 3.2 million Major 2020 challenge impacts J. Lauritzen earlier than expected DFDS makes short list for new Brexit contracts Kuehne + Nagel to offer CO2-neutral transports from next year Crew member charged after huge cocaine bust on MSC ship New climate coalition to develop zero-emission vessels ahead of 2030 Petrobras will now only sell low-sulfur bunker Scrubber manufacturers chastise carriers for getting started too late Scorpio Bulkers sells more ships Iran releases seized Stena ship China buys large volume of US soybeans Danske Bank shoots down Seadrill's target price Transocean relinquishes two new drilling vessels Former ABS executive VP joins Ardmore's board of directors Odfjell CEO on chemical tanker: We are in the early stages of the recovery Arne Fredly's tanker venture takes delivery of first newbuild Scorpio Tankers acquires product tanker fleet from Trafigura Parties want to shut down oil exploration for Danish part of the North Sea Forwarder NTG wants IPO to yield millions for acquisitions Kongsberg lays off upwards of 200 employees Kurt Larsen to leave DSV: "Everything has an expiry date – also board chairs"Trump uses UN speech to hit China over trade weeks before talks Oil companies invest millions of dollars in rotor sails IMO requirements spur positive forecast for container growth Stena CEO: Stena Impero still detained in Iran Maersk's decommissioning venture expects first profit in 4-5 years CMA CGM ready with its first large LNG container ship Scrubber installations and voided sailings yield more idle ships Hapag-Lloyd: Cutting CO2 in half by 2050 is a huge target in and of itself Eagle Bulk projects volatile months ahead for dry bulk Noreco chair on exploration halt: "They can do what they like"Maersk Tankers completes acquisition of seven ships John Fredriksen is still Norway's richest person CMA CGM's acquisition of Ceva Logistics triggers credit downgrade Cosco's tanker company halts share trading following sanctions DSV gets first academic as chairman: I need to maintain our business acumen Maersk starts part two of share buyback program – will buy shares for DKK 3.3 billion HMM and DSME join forces to develop 'smart ships'Shipping lawyers not worried about bunker companies' legal buildup Integrity Bulk's ship taken hostage in dispute about misdescribed cargo Stena Impero departs Iranian port after release ExxonMobil divests Norwegian assets worth USD 4.5 billion China prepared to buy more US products Eimskip changes network ahead of RAL cooperation Japan poised with billions to boost LNG Dania's new CEO wants to grow the fleet by ten vessels a year Pressured Bourbon reduces stacked fleet ONE ship collides with chemical tanker Kuehne + Nagel on new digital setup: Technology does not replace people Trade war may have long term effect on the container market New transport commissioner blocked by EU Parliament's legal committee Two ships caught fire in South Korea Stena Impero arrives in Dubai after Iranian release Cosco subsidiary confirms US sanctions – stock plummets Up to 20 ships in Maersk Tankers' pools to use scrubbers Blockchain pioneer closes booking platform – more could follow suit Hafnia buys new tankers and closes credit facility with banks Teekay company could be subject to the US' sanctions against Cosco Green NGO wants EU to drop maritime tax exemptions Bourbon vessel sank in the Atlantic – 11 crew members still missing Historic oil volumes and the belief in profits caused Trafigura to sell its ships IMO to discuss limits on engine power EU Parliament votes nay to new transport commissioner again Climate requirements for shipping may jeopardize safety RAL and Eimskip postpone collaboration launch again British North Sea crude can be used as low-sulfur ship fuel Portchain lands partnership with Hapag-Lloyd Fredly increases credit for tanker venture Hunter Crew members found dead following Bourbon shipwreck PwC expects more deals in Norwegian oil sector Digital bunker companies form partnership Esvagt to get most of its revenue from offshore wind by 2025 Wintershall DEA sells assets to streamline business Tanker rates soar following sanctions against Cosco company Peninsula Petroleum expands credit deal APM Terminals considers selling a Rotterdam terminal OPEC suffers another departure with Ecuador seeking more cash Maersk will set a limit to ships' engine power Zeamarine appoints new CFO "We haven't been financing any new ships in offshore recently"Shipping company pledges imminent hydrogen vessels: "We don't make empty promises"Big differences between shipping companies' reliability Port of Rotterdam launches product to track containers Swede chosen as next president of ECSA Port CEO predicts billion-pound loss for Dover in hard Brexit Norway wealth fund gets nod to sell USD 6 billion in oil stocks Analyst predicts VLCC rates of USD 100,000 before 2020 US to put new tariffs on European goods Former UTi employee convicted of insider trading ahead of DSV acquisition Stolt-Nielsen still has yet to determine cost of ship explosion Hitecvision to bet green after clear message from investors New tool aims to trace bunker oil throughout the supply chain Former Grace 1 moored alongside Iranian vessel off Syria Johnson's Brexit plan faces doubters in Brussels and Westminster BP's CEO to retire next year Saudi oil output back to pre-attack levels Stena Bulk enters methanol joint venture EU trade commissioner still hopes to talk US out of new tariffs Car thief gained access to Maersk Tankers' board summary Subsea 7 acquires subsea firm and lands deal with Shell BP replaces Dudley with Looney Analyst predicts golden days for Stolt-Nielsen stockholders Noble Chartering negotiates sale of remaining fleet BBC: UK government prepared to ask for another Brexit extension 18 people arrested at Greek port in tug boat case Singapore's floating storage of low-sulfur fuel grows China narrows scope for trade deal with US ahead of talks Maersk Tankers wants 100 tanker ships in its new pool Giant Norwegian field commences extraction J. Lauritzen involves officers in 2020 considerations: "It's healthy that they have a financial sense"South Korea's Ulsan port bans dangerous cargoes after tanker explosion OSM Maritime reshuffles management Torben Østergaard and former Torm executive inject capital into supplier Pension funds direct hundreds of millions to Navigare's new fund Digitization has switched gears in the container industry Drewry lowers forecast for container market Dan-Bunkering has large receivables in collapsed Greek operator Mozambique says ExxonMobil to approve giant LNG project Grimaldi has spent more than USD 2 billion to get ready for sulfur cap Ocean Cleanup is now again collecting trash at sea Norwegian oil project to be 85 percent more costly than expected British High Court rejects insurance claim from Greek shipowner in fraud case Imperiled DOF in acute money woes: Major stakeholder pledges millions Navigare to bet more on gas with new pension fund capital US sanctions make VLCC rates surge Hafnia pursues full listing in Oslo French banks want to buy insolvent Bourbon Climate commissioner wants CO2 quotas on shipping Container ship sizes increase on main tradelanes Norway's wealth fund will reduce staff by 100 ahead of 2022 Total CEO scolds politicians: "Get it together!"Brazilian court closes case against SBM Offshore VLCC rates soar past USD 120,000 per day Workshops pave the way to digital container standards New investors to make Bawat a growth company Chinese tankers turn off transponders following US sanctions Chinese oil tankers are being booked again, but surging prices will stay high Hafnia CEO on possible listing: "Oslo is a strong stock exchange"Major tanker operator publishes its CO2 emissions Maersk Drilling's CEO in no rush to shop Soybean trade has gone down in 2019 Oil service companies see light at the end of the tunnel Port of Hamburg invests big-time in onshore electricity for container ships APM Terminals merges Scandinavian management Aramco to give green light for world's biggest IPO next week China will ask US to lift shipping sanctions at meeting DSV says farewell to yet another Panalpina managing director Media: Iranian tanker on fire off the coast of Saudi Arabia Greece rejects Cosco's fourth container terminal in Piraeus Iran says missiles that hit tanker likely came from Saudi Arabia Major bank doubts short-term synergies at DSV Panalpina Kuehne + Nagel wants the shipping sector to plant trees APM Terminals appoints new global head of operations What can make maritime giants listen to a new startup?Trump says day one of US-China trade talks went very well Panama Canal sets traffic record in 2019 on surge in LNG ships US and China enter partial trade agreement Pirate attacks at second-lowest level in 20 years VLCC rates hit USD 300,000 per day Kuehne + Nagel customers start rejecting carbon-heavy routes Viking's revenue soars following acquisition: "We need to go higher"Iran calls tanker attack "cowardly" and heralds response Media: South Korean carriers join forces to bid on Qatar's LNG orders Aker BP books major impairment ahead of next fiscal report Cash buyer pays big fine for Norwegian scrap vessel DSV says more than 100 jobs could be eliminated at Panalpina Maersk Growth has invested in 15 startups BW Group closes flash share sale in less than 24 hours Shipping picked "the easiest possible benchmark" for its climate plan Trump raises tariffs on Turkish steel Shipbroker predicts major returns in tanker – one carrier stands out German yard to develop hydrogen fuel cells for cruise vessels DFDS and Stena Line bag new Brexit contracts with the UK New study from MOL will pave the way for giant sails on dry bulk ship Project cargo to generate growth at G2 Ocean DSME has won an order for five mega ships Another bunker firm commits magnet fraud in Singapore Tanker market finds itself in "completely abnormal times" France wants EU tax on ship fuel MSC confirms option for five mega ships Alphaliner: Scrubber-equipped container ships can sail faster 2020 Bulkers sells ships for USD 84 million: Investors are rewarded Nearly all Norway's AHTS vessels are deployed Drilling CEO: Sad to see stakeholder losses – but activity is rising Cosco VP not worried about global economic slowdown The US warns Chinese tankers against turning off transponders DFDS bags logistics contract with UK prior to Brexit Trump does not expect to sign trade deal until November Europe's ports may have spent millions on Brexit for nothing Prosafe has spent millions on merger still pending approval Tanker vessel prices could increase 50 percent UK and EU reach Brexit deal G2 Ocean has experienced thousands of cyber attacks this year BW Group is looking into new decarbonization methods MSC opts out of sailing on Northern Sea Route Greece supports setting a limit on ships' engine power Shipping banks' lending at lowest level in at least a decade EU and UK reach agreement on Brexit but the DUP still says no NGO believes ban on open-loop scrubbers is inevitable US billion-dollar tariffs aimed at EU members come into force Shipowners call for EU action against piracy in West Africa Finnlines CEO is ready to buy – but acquisition candidates resist Keppel's shipyard reports a profit and many LNG orders Hafnia believes in VLCC effect into first months of 2020 Bimco says 2008 "is an advantageous benchmark" for CO2 measurements MSC is rapidly gaining ground on Maersk as the world's largest shipping line Norwegian oil wages on the rise again Struggling Dof's creditors reject postponement of payments Global Container Terminals joins Maersk's blockchain platform Container lines removing significantly more ships on Asia-North Europe Singapore state investor to take control of Keppel Epic Gas secures new financing for 20 vessels Semco in major deal with Norway's military Sanctions against Russia are now starting to impact Finnlines CMA CGM to compete with Maersk on customer financing 39-year-old will get Hapag-Lloyd ready for 2020: "Disruption of this scale doesn't happen every day"Better port calls to bring down shipping's costs and carbon footprint Liner companies ranked for digital transparency – see which rank highest and lowest Maersk upgrades 2019 guidance following growth in core business Kuehne + Nagel boosts seaborne container volumes DP World handled fewer containers in the third quarter Aker BP books first deficit since 2016 due to lower output Shell seeks compromise in case surrounding scrapped platform ABB and Keppel want autonomous vessel operational by 2020 Russia willing to pay to lure shippers to the Arctic Insurance firm reports several scrubber fires Rotterdam postpones bunker license – flow meters still on the table CEO tried to lure customers to new business after bankruptcy Clarksons after Maersk upgrade: No sign of better container market Teekay subsidiary escapes US sanctions Offshore carrier secures extension on debt payment Hong Kong unrest makes shipping employees flee A quarter of the world's supertankers are headed to China China offers tariff exemption to importers buying 10 million tons of soybeans Scorpio Bulkers benefits again from stake in sister carrier Aker BP questioned about climate at one in three investor meetings Navigare installs scrubbers aboard Hapag-Lloyd vessels 2020 Bulkers leases another ship to Glencore Fraud squad raids Dan-Bunkering headquarters DHT Holdings books new deficit despite higher rates Hapag-Lloyd wants to clear up misunderstanding about 2020 Per Funch-Nielsen becomes sales director at Glencore subsidiary Read all the articles about J. Lauritzen and Hapag-Lloyd's 2020 preparations Maersk Tankers keeps rotor sails following successful trial V.Group appoints new CFO DNB reduces exposure to shipping Alfa Laval sees major drop in scrubber orders Equinor fared poorly in the third quarter Maersk taps three fuels for the future – but there could be outsiders US trying to confiscate millions from shipowner in Syria complex Norden downgrades guidance after calculation error Maersk Tankers could see more ships using sails in a few years Floating storage for LNG surges with more ships from Qatar Wärtsilä hit by weak demand Bernhard Schulte to build ships for US offshore wind Shipping's green energy transition makes costs soar Orders for dry bulk newbuilds decline in 2019 Norden CEO after tanker downgrade: Third quarter was worse than expected How Norden miscalculated by USD 15 million Frontline's scrubber manufacturer merges with competitor Trade war put a damper on OOCL's Pacific volumes Kvaerner doubles its profit in the third quarter South Korea's new shipbuilding giant presents first profit CMA CGM's acquisition of Ceva Logistics strains financials Investors in big oil bracing for bad news as headwinds gather Diana Shipping has found its coming CEO Prosafe's merger with competitor rejected by Norwegian regulators Russia may throttle back in adopting rules for cleaner ship fuel China clears merger of state-owned shipbuilders Key figure in Fredriksen empire steps down Vale gets green light to restart Brazilian mining operations EU Council of Ministers now supports fundamental CO2 question Transocean doubles deficit in third quarter European shipowners present plan to improve shipping's image Thorco ship lost Vestas turbine parts at sea Lower prices and big impairment pull BP into the red Euronav expected better rates in the third quarter Total considers offshore wind acquisitions Hapag-Lloyd sees Africa as its new growth continent Genco installs scrubbers on its capesize vessels DFDS cancels deal to buy and sell two ferries Maersk and BMW to develop ship fuel from alcohol Kongsberg reports record-high order intake 2020 will see major banks imposing climate requirements on shipping Drewry says rates could increase ahead of Christmas Shipping will likely see more environmental regulations in the next ten years Total's profit declines significantly New study: One cyber attack on ports could cost billions Oil companies support Prosafe merger – but authorities say no Canceled contract costs Ocean Yield USD 68.5 million Maersk installs scrubbers on seven mega ships Legislation is the biggest threat to Maersk and Cargill's ambition of CO2-free ships ONE dials down optimism despite big profit Pacific Basin employees can work from home during Hong Kong unrest NGOs want IMO to reconsider LNG Container giants unveil prices on more expensive fuels World Fuel Services CEO on 2020: "There is going to be increased credit risk" China conspicuously absent from shipping's Davos Cosco reports slow growth in third quarter Analysts say DSV could redivest one part of Panalpina Dorian LPG improves bottom line by USD 50 million Hafnia's listing provides good indication of its value DSV expects operating profit of nearly USD 1 billion for 2019 BW Offshore risks major loss due to unpaid hire Solstad Offshore buys more time from creditors Borr Drilling wins several new contracts Maersk announces sulfur surcharge on short-term contracts Aker's investments decline in value Pacific Basin to raise USD 175 million Norwegian shipowners want climate tax on shipping: "It is absolutely necessary"Second-hand supertanker sold for more than USD 100 million DSV: "For now, we'll keep everything we've bought"Pirates kidnap seafarers in two attacks off the coast of West Africa Saudi Aramco steps closer to IPO Seadrill bags new contract in Brazil 11 people arrested for illegal bunker trading in Singapore Brazil suspects Greek ship of causing major oil spill Thorco Projects optimistic again after losing nearly USD 150 million Maersk Tankers test makes supplier set its sights on one market in particular Petoro disappointed with new oil discoveries in Norway Sovcomflot orders first vessel for Arctic LNG project Hafnia dials down ambitions ahead of listing in Oslo The Port of Gothenburg handles more containers Icelandic court rejects Eimskip's complaint in competition case BW LPG sells its way out of ship class Fuel in Fujairah shows signs of contamination BHP to use LNG vessels for large iron ore shipments BW Offshore reports higher revenue in the third quarter Hapag-Lloyd's captains could learn from Virgin Atlantic's pilots Ship designer OMT has reduced its staff by more than half in five years Occidental brought to its knees after Anadarko acquisition Analyst projects Hafnia could be worth more than USD 1 billion a year from now Concordia reduces loss after prospect of better rates Wallenius Wilhelmsen lost revenue on deselecting cargoes Ardmore's deficit grew in the third quarter Norden grew its revenue in the third quarter despite weak market Hafnia reaches target for sale of shares prior to listing Weaker chemical tanker earnings strain Odfjell's results Tina Revsbech has found a new executive job in shipping Norden CEO on bulk market: 2019 will not mark a positive turning point A growing number of large container ships are pulled from the market Prosafe impairs hotel rigs by more than USD 340 million Maersk to test battery on small container vessel Romania nominates new transport commissioner Fredriksen's well company books major loss due to weak krone Eagle Bulk books loss in third quarter – but reports strong end to the year China says it agreed with US to roll back tariffs in phases Equinor hits jackpot with major oil discovery Trump's call for bigger defense budgets could become OMT's escape from the downturn Viking Supply Ships books third quarter profit Scorpio books large deficit in the third quarter ONE is the only container major to opt out of scrubbers New Commission president selects female transport commissioner Bunker firm prepared to settle in case about Thorco wreck Fewer containers were transported in September Seaspan reports highest fleet utilization since 2011 Genco books deficit for the third quarter ECSA's new president does not want CO2 quotas for shipping Boskalis expects stronger second half of the year Solstad bags work for six vessels Former Norvic executives start new dry bulk operator Iran warns IMO of "unsafe" waters following ship attack Monjasa opens new office in West Africa Last week's top stories on ShippingWatch Endofa enters settlement closing two-year old case This is your shipping calendar for August 2020 This is your shipping calendar for January 2020 This is your shipping calendar for February 2020 This is your shipping calendar for March 2020 This is your shipping calendar for April 2020 This is your shipping calendar for May 2020 This is your shipping calendar for June 2020 This is your shipping calendar for July 2020 This is your shipping calendar for September 2020 This is your shipping calendar for October 2020 This is your shipping calendar for November 2020 This is your shipping calendar for December 2020 Iran makes huge oil discovery United Heavy Lift and partner open yet another joint office Fredriksen appoints new COO for Seatankers Wärtsilä's marine president lists factors driving slowdown in scrubber orders Chinese tanker company to order new VLCCs Trump sows doubt on trade talks with pushback on tariff unwind Total's North Sea employees complain of "stress and anxiety"Singapore will push shipping companies toward LNG Wallenius Wilhelmsen working to develop wind-assisted ship Norwegian yard could be hit by new impairments Court rejects former Brightoil chairman's appeal in bankruptcy case Svitzer expects to control more ships from land in 5 to 10 years Søren Toft leaves Maersk MPC buys stake in German tanker company DFDS downgrades growth expectations on "slowdown" in Europe Torm doubles operating profit on stronger rates Euronav picks Malaysia as eastern bunker base after 2020 Klaveness trims and downscales supramax activities Analyst firm projects further setbacks in dry bulk market Søren Toft could be headed to European competitor Torm executive director sees stronger tanker rates continue "several years"Torm and DFDS say scrubber installations are delayed Peninsula has added seven new ships to comply with sulfur rules DFDS downgrades growth target: "Not something I attribute to arrival of a new CEO"Maersk forced to change course in global race for environmental gains Analyst firm: APM Terminals in talks for sale of Rotterdam terminal Main container tradelane set to decline for first time in a decade IEA criticizes governments for not doing enough about climate change Hapag-Lloyd appoints new CFO Container growth boosts revenue at European terminal operator Maersk Drilling wins contract These are the most prominent executives Søren Skou has parted with Big terminal owner accused of obscuring IMO 2020 effects Hapag-Lloyd made more money in the third quarter Yang Ming sees signs of "weaker" container demand Epic Gas weighed down by fleet refinancing BW Group buys shares in Fredriksen's gas carrier HMM reduces deficit despite threats in global economy Teekay Tankers boosted by record-high rates DNB warns shipping companies: You could become entirely irrelevant to investors D'Amico International Shipping reports smaller loss Seaspan buys six ships and nears one million teu Ship sales pull Diamond S Shipping into the red Maersk lowers expectations for container growth Søren Toft becomes MSC's new chief executive officer Ship sales pave the way for new investments at Team Tankers New OPEC outlook predicts oil demand slump in 2020 Subsea 7 and Italy's Saipem considering a merger Swire Pacific shuts Norway subsidiary: 151 laid off Equinor awards service contracts worth NOK 3.5bn Skou considers changing management structure after Toft leaves for MSC EU Commission looks into Italian tax exemption for port operators Sovcomflot's result boosted by stronger rates IMO shelves maritime speed limits Media: MSC reshuffles leadership HMM joins coalition for carbon-free ships Maersk sees major fluctuations on fuel prices Norwegian yard discovers new losses and holds bank meetings Maersk wants to earn as much on logistics as major freight forwarders IMO effect reaches product tanker market much later than anticipated Oil supermajors approaching large-scale asset sale Norway's Kleven yard lost more than USD 30 million in 2018 Investors criticize IEA for lack of climate ambitions MSC confirms Søren Toft as new CEO BW Group wants to cash in on DHT shares Euronav buys two tankers for the spot market Saudi Aramco cancels international roadshow ahead of IPO Major carmaker pursues damages from carriers in antitrust case Houthi rebels seize South Korean ships in the Red Sea Maritime & Merchant Bank is impressed with its customers Diego Aponte got his preferred CEO with the hiring of Søren Toft Scrap buyer warns of potential "deluge" of decommissioned ships Dutch suppliers will establish refinery for biofuel 25 migrants found in reefer container on DFDS ship Houthi rebels release three ships after hijacking Wallenius Wilhelmsen has set aside large sum for new cartel fines Maersk's container fleet loses market shares EU Commission will extend block exemption regulation for container shipping DSV slashes 90 jobs at Panalpina's Swiss headquarters Maersk out-flagged four ships from Denmark and sent them to Alang Boskalis wins contracts for USD 120 million Report: Every fifth sailor contemplates suicide Port of Hamburg handles 104 million tons of cargo John Fredriksen steps down as Seadrill chair after new loss Birgitte Vartdal steps down as Golden Ocean CEO Star Bulk profitable again after major impairment Fredriksen's Flex LNG sees signs of a stronger market BW LPG reports record profit following market improvement Maersk has to explain re-flagging of scrapped ships to Danish authorities ZIM books third quarter profit Cartel case has cost car carriers at least a billion dollars Maersk Tankers signs deal with BP for 11 ships Shippers criticize EU's extension of container block exemption Sohmen-Pao on DHT divestment: A matter of balance J. Lauritzen's owned bulk vessels can now be counted on one hand Consultant urges EU to approve Indian yards Societe Generale heads step down following bunker losses Four candidates in play to take over crisis-stricken Bourbon Tanker ship receives major scrubber fine in Hamburg Søren Toft's biggest challenge in MSC resembles Jess Søderberg's in Maersk Eimskip made more money in the third quarter Team Tankers hires advisors to navigate M&A waters Panalpina employees in Italy strike over layoffs Russian company to invest USD 7 billion in container ships Prosafe appeals rejection of merger in Norway CMA CGM sells ships and terminals for USD 2 billion BW Dry Cargo's fleet grows to 20 ships Swiss police search Trafigura and Vitol in corruption case Maersk's CFO steps down Samsung Heavy is fined USD 75 million in the US in bribery case Boskalis takes over last part of Arab company Toft and Happe's departures will test old Maersk myth CMA CGM does not expect to profit from Ceva Logistics till after 2023 Nordic American Tankers sees strong market continue into 2020 NYK Line to establish LNG collaboration with Indonesian oil company Valaris bags new contracts China establishes new shipbuilding major Hafnia books deficit in first financial report since listing Higher gas rates lift Avance Gas' earnings Minister says Maersk's out-flagging of scrapped ships is striking Valero says Trafigura was responsible for contaminated bunker Borr Drilling hit by new massive deficit CMA CGM's credit rating could improve soon India to ratify the Hong Kong Convention Maersk Drilling maintains expectations for operating result Frontline lost USD 10 million in the third quarter VLCC rates near USD 100,000 again Ackermann worries about the order book despite record profit Development bank lends Mozambique USD 400 million for LNG Frontline bags Chinese funding for Trafigura ships Hitecvision's oil company grows on the Norwegian shelf with new acquisition Monjasa further bolsters itself for 2020 with new bank agreements Four rig companies lost a combined USD 1.6 billion in three months Alfa Laval increases labor power to gain leading position in booming ballast water market Major bank points to three potential acquisition targets for DSV Panalpina CMA CGM reports successful biofuel trials Greek national bank sells shipping loans for EUR 262 million Teekay profited on US sanctions – even though it was itself subject to sanctions Dof impairs fleet – hopes to soon find refinancing solution Odfjell Drilling delivers improved profit in challenging market Maersk kicks off layoffs in several countries Three banks adopt the Poseidon Principles Noreco reports solid performance after North Sea acquisition DSV: "There aren't many options for green transport at sea"Maersk invests in startup with global reach Solstad lost more more than USD 100 million in the third quarter 38 large bulkers and tankers are having scrubbers installed right now Ships stuck waiting for fuel at Asia hub on rule-shift snarl China could see explosive reefer growth in the coming years DSV chairman sees one major obstacle once the acquisition hunt begins MPC Container Ships eyes improvement in 2020 after new deficit V.Group's new CEO breaks from predecessor El-Mokadem's strategy Hunter Group replaces bank loans with leasing deal with Fredriksen Wintershall DEA upgrades output forecast German shipowners favor low-sulfur fuel oil Eimskip closes offices and dismisses staff Singapore authority casts doubts on South Korean yard merger Not since 1976 have there been delivered as many supertankers as this year Ultragas betting on second-hand ships: "Right now it's the better choice"Havila Shipping reports new large deficit Shipbuilder Havyard's chief executive resigns European terminal operator wants to be climate-neutral by 2040 Carbon quotas for ships could be adopted as soon as next year Stena could move Concordia listing to Oslo Von der Leyen asserts quotas must extend to more sectors Container rates soar ahead of 2020 Unifeeder acquires feeder company in Singapore Odfjell signs deal with Navig8 for chemical tankers Global Risk Management opens new offices and reshuffles leadership DNV GL: Twin-track approach needed for CO2 reduction Kongsberg launches digital partnership with competitor Havyard reaches agreement with banks Teekay adjusts business to new investor demands EU member states want to overhaul energy taxation Rolner on giant offshore wind turbines: "This completely changes the market"Container lines' CO2 calculators "riddled with absurdly poor data"Hyundai Heavy tries to reassure Singaporean authorities about merger Stena demands USD 426 million in payment from Samsung Seafarers fear criminalization once sulfur requirements enter force Fredriksen invests millions in Northern Drilling Over 5 percent of the container fleet is idle Media: US and China rumored to be close to deal despite heated rhetoric OPEC+ set to debate oil-cut cheating as Russia seeks rule change J. Lauritzen challenged by too much sulfur in new fuels and too low supply Europe controls the majority of the global container fleet 19 seafarers kidnapped from Anglo-Eastern managed tanker ship Bimco: Lowest container growth in years could impact fuel surcharge Alexander Saverys on climate: "Let's be honest. We are not prepared"First major oil and gas firm sets zero-emission target for 2050 Petrobras eyes billion-dollar gain from new sulfur requirements Three bunker suppliers account for one fifth of global sales CEO of Norwegian Shipowners' Association calls for faster emission reductions Maersk Drilling CEO: Debt in offshore is six times higher than the market value Norden to develop biofuel in new collaboration EU Commission to review tax exemption for ship fuel oil India in negotiations on seafarers abducted from Anglo-Eastern-run ship Oil sputters after OPEC+ fails to nail down new output target Glencore under investigation for bribery in the UK Aramco raised USD 25.6 billion in world's biggest IPO Johan Sverdrup rectifies Norway's output Euronav and DHT chose different sulfur strategies – now they must stand the test China working on tariff exemptions for US pork and soybeans OPEC+ agrees to redistribute oil cuts under Saudi pressure Environmental enforcement uncertainty halts shipowners' newbuild orders Risk Intelligence signs contract with Hafnia This week's top stories on ShippingWatch DOF's rescue plan meets resistance from creditors MSC begins sailing on biofuels in Rotterdam Martin Ackermann steps down as CEO from BW LPG Panalpina employees reach out to major DSV shareholder in dispute over layoffs Norwegian offshore players competitive on billion-dollar offshore contracts Report points to MSC as major European carbon emitter Media: Aramco's shipping unit wants to lease LNG ships MAN says half of new ships will still sail on heavy fuel in 2030 DFDS acquires Dutch logistics firm and expands European activities Norwegian offshore company struggles with major debt German Oldendorff enters climate coalition Singapore's port authority revokes license from magnet-defrauding bunker supplier Crane collapses after clashing with container ship in Antwerp Norwegian government will allow ships to be double-flagged Teekay LNG to triple its bottom line in three years EU Commission will scrutinize South Korean yard merger Hostages released from Norwegian ship Transocean optimistic following tough 2019 for drilling When container lines cut costs, MAN Energy Solutions can feel it US and China negotiate tariff postponement China increases its purchasing of soybeans from the US Climate awareness makes Norwegian oil wages increase OOCL cuts routes: Expects lower activity Monjasa begins deliveries in Houston Climate regulation makes northern European shipyards busy Few years from now 1,000 container ships could be fitted with scrubbers Old ships are the tanker owners' secret weapon Chevron books double-digit billion-dollar impairment ExxonMobil cleared of climate-accounting fraud EU's new climate plan will bring CO2 quotas for shipping Ackermann leaves BW LPG without a new job at hand Maersk's share price at highest level in two years Trafigura made USD 210 million on selling ships to Frontline and Scorpio V. Group takes full ownership of Danish ship manager Owners buy more second-hand ships Philippine shipowners fear shortage of fuel after 2020 Two shipping companies enter top-25 on Oslo exchange Shipbuilder expects to make millions on scrubbers and ballast water ONE joins digital exchange in New York European shipowners have nothing but praise for the EU's new green deal Analysis: Norwegian oil investments will peak next year before taking a dive Oil majors and big shipping lines looking to conquer business from bunker companies Maersk director's wife has died during home invasion in Nigeria Trump approves US-China trade deal to halt Dec. 15 tariffs Boris Johnson's party secures absolute majority in UK election Lowest order book in 15 years makes Nordea pursue new business in shipping Kvaerner expects major earnings setback next year Kitack Lim will go to Brussels to discuss CO2 Clipper sells three dry bulk ships MSC responds to CO2 emission criticism Chevron and Total invest billions in tough oil field Senior executive leaves Zeamarine after disagreements over strategy Bimco is concerned about EU plans to introduce quotas on shipping emissions China and US agree on first phase of trade deal CMA CGM signs deal with Shell on biofuel OOCL chief exec steps down from management After takeover of Singaporean competitor: Unifeeder open to more acquisitions Major shareholders to give Western Bulk millions in fresh capital Chemical tanker vessel hijacked in West Africa CEO steps down from G2 Ocean Remontowa chairman: Rules and regulations are our good friends Viking makes new acquisition amid extensive integration process Crisis manager takes over at Zeamarine DP World merges billion dollar acquisitions Maersk sustainability chief leaves group in reorganization Avance Gas orders new VLGCs New report shows oil companies as the seven seas' greatest scourge Svitzer CEO joins group management in reshuffle Rotterdam testing shore power for smaller ships Samples reveal substandard fuel in European port Britannia to hire more people for Copenhagen office Maersk Drilling secures deal with oil firm in the Caribbean Skou has placed Toft's responsibilities on two loyal supporters GMC Yard gives up on environmental orders: "We're too expensive per hour"APM Terminals sells terminal in Rotterdam Shipping organizations join forces on billion-dollar CO2 reduction fund Maersk loses two more key employees China launches first autonomous freighter Maersk Drilling sells rig for USD 38 million Competition Commissioner confirms review of South Korean shipyard merger Trade deal will not save Pacific container market CMA CGM appoints director of sustainability department Maersk's Thygesen sees many preconceptions about the company The CEO of the future has never been at sea and does not come from shipping Here is an overview of shipping's new green billion dollar fund Maersk's Brazil offices searched in corruption probe Glencore acquires Ørsted's LNG business – and gets paid for it Norway gets new oil minister Klaus Rud Sejling has found a new job after Maersk exit New report: Shipping industry headed for uncharted waters Global Risk Management hires new Paris chief from investment bank IKEA wants to speed up the use of biofuels among shipping companies DFDS in new acquisition: Buys Finnish logistics company Price level for rig sales is historically low Euronav's floating oil storage already seems to be paying off CO2 tax of USD 2 per ton is far from the shipping companies' own targets A major shipping change is coming, and so are higher fuel prices Financial police called off corruption case against Maersk in 2017 – now it could start again Captain gets five-year prison sentence for theft of oil cargo from Shell Former Golden Ocean CEO lands job outside shipping XO Shipping on track for record in 2019 Commodity trader expects boom in LNG deliveries Total formalizes partnership for LNG bunkering in Singapore New study: Open-loop scrubbers only have small impact on water quality in ports Shell keeps spending constrained amid concern about buybacks Zeamarine downplays rumors of financial woes DP World's offshore carriers want to be first choice for majors ShippingWatch wishes our readers Happy Holidays Svitzer buys partner out of tugboat company Union Bulk hit boom: "It's gone much better than we hoped"CMA CGM enters Chinese deal about port terminals Maersk executive becomes new chairman of container owners Wintershall's deputy CEO fears investor flight from oil Boskalis bags long-term contract in Rotterdam IBIA warns shipping ahead of 2020 Bunker One expands with new office in the US Banks take over distressed Bourbon Corporation Maersk's Brazilian bribery case could grow bigger Deloitte accused of backdating documents in OW Bunker case Peter Pietka steps down at Ardent Skou on executives leaving: "The misfortune here was the timing"Unifeeder CEO breathes sigh of relief: "Six months ago the world looked strange"The international aspect is shipping's strongest card in its search for talent Stena ship dodges attack in the Singapore Strait EU awards funding for sails on commercial vessels Singapore yard installs more than 100 scrubbers Royal Arctic Line orders smaller vessel from Polish yard CMA CGM's divestments give the Chinese access to strategic ports This year's most read stories: Maersk, DSV and Søren Toft's new job DSV's share price outran all others in 2019 Highest container rates in five years keep Maersk afloat Bimco after controversial proposal: "It's not a CO2 tax"Diamond S Shipping secures new credit facility and pays outstanding debt European shipyards call for action against state subsidies These are the top stories on ShippingWatch between Christmas and New Year IKEA: Correct data is a prerequisite for decarbonization Kidnappings in Bay of Guinea likely for another couple of years Euronav sells three ships in leasing arrangement Oil price sees largest annual increase since 2016 Russian reefer specialist cements position as world's number one Banks ease requirements for Borr Drilling HMM to take delivery of new mega-ships in a few months New fuels will play minor role at Bunker Holding in ten years Third generation takes over at Dutch shipyard Shipyard and US investor settle rig dispute Smaller container ships are history on Europe-Far East routes Clarksons Platou opens office in Denmark Oil jumps as US strike on Iran general raises conflict fears J. Lauritzen eyes opportunities with new fuels Goodbulk calls off listing in New York Seadrill's share surges after new contracts Prosafe extends time frame for merger plans Owner injects fresh capital into A1 Offshore Hyundai Heavy projects revenue of more than USD 15 million Norwegian oil lobby profile steps down Shipowners call on vessels to exert caution in Strait of Hormuz New environmental requirements send fuel prices soaring Doubling in prices on new fuels could impact shippers Warships to guard British oil tankers in Strait of Hormuz Habben Jansen sees up to two years' market balance Norwegian engine maker plans new staff downsizing Equinor to spend USD 5.6 billion on climate initiatives toward 2030 DSME aims to secure orders for nearly USD 7 billion this year Four people killed in pirate attack in Nigeria Iranian retaliation could have severe consequences for tanker market DP World's P&O Maritime Logistics CEO urges more consolidation Norden has bought two tankers and sold one Seaspan and offshore company terminate investment agreement Bunker Holding executive charged in Dan-Bunkering case Shipserv appoints new chief executive officer Borr Drilling appoints new CFO Clarksons: The Strait of Hormuz could close CMA CGM incorporates LNG at the core of its fuel policy BP sells North Sea assets Maersk Tankers launches new digital venture Powerful insurance committee gathers to assess Iran threat Headhunter seeks female candidates to no avail Neon to exit marine insurance through Lloyd's of London Iran retaliates with missile strike on US-Iraqi bases Nordic American Tankers celebrates continued bonanza in tanker market Oil shippers raise rates for key Middle East route 100 stakeholders must find common ground on CO2-free ships Insurance committee sees "no dramatic change" in Middle East threat assessment More container ships than expected hit the water in 2019 Big dip in rates strain Nordic dry bulk operators after tough 2019 Port investor recruits former Damco exec for management position New tanker company listed on mini-exchange in Oslo Norwegian shipowner charged with illegal scrapping World Bank lowers its growth forecast for 2020 Petrobras sends its ships around the Strait of Hormuz Ship fuel, once a pariah product, now costs more than car fuel Equinor enters big settlement in drawn-out legal dispute Norden's head of dry bulk on rate drop: "Right now things look very weak"China's deputy prime minister ready to sign trade agreement Euronav will pay dividends to shareholders every quarter Danish Ship Finance starts measuring clients by sustainability Transocean reports massive order book Port of Rotterdam: EU's quota system must step in if IMO fails Ocean Alliance maintains capacity on fewer ships Maersk Tankers CEO has been cutting to the bone: "We've had to learn to stand on our own"Exmar makes management changes and launches new structure One fifth of global tonnage to sail with scrubbers before 2021 Media: China lifts tax on export of low-sulfur fuel oil Maersk Drilling bags contract in Columbia Cargill and Bunge shipped the most Brazilian soy beans last year Norwegian marine insurer worried about conflict XO Shipping accuses Norden of running a scare campaign Carsten Mortensen closes his first shipping fund for new investors Danish authorities raise security level for ships in Strait of Hormuz Media: Russian military told Dan-Bunkering to pay shell company CMB Financial Leasing closes record year with western shipowners Monjasa feels low-sulfur boom – has supplied twice as many tons Chinese dry bulk company hit by US sanctions on Iran Container carriers must make room for 23 ultra-large ships this year Analysts project large dividends from Frontline Media: Late payments create problems for PIL A1 Offshore changes name and transforms entire setup 139 LNG newbuilds set for delivery: "We've been slightly surprised by the number"Bimco has found its new CEO Shipowners' scrubber bet pays off in start of 2020 Sulfur rules generate differing ship speeds Lundin deems major oil discovery non-commercial Investments and acquisitions have to wait at Maersk's port division Bunker sales in Singapore hit lowest level in four years Maersk Drilling bags final contracts with Total One company kept venture investments in shipping afloat in 2019 Höegh LNG secures financing Maersk Tankers introduces worldwide paternity leave Cosco's stake in Italian terminal to secure contracts for APM Terminals Torm secures major refinancing Media: Danish ferry operator put up for sale BW Energy targets listing in the first quarter Skou after year with low acquisition activity: "We're ready now"Odfjell vessel collides with fishing boat in US PSA defies trade war and grows volumes in 2019 Pirates attacked more ships in the Malacca Strait in Singapore Torm settles its finances: "This means a lot to us"Norwegian to create turnaround in Danish offshore company Dee4 hires former Norden executive as new partner Trafigura's CO2 emissions surged last year Global container fleet continues to grow in 2020 Nicolas Sartini steps down as Ceva chief exec after less than one year Bangladesh yard gets approval from classification bureau Hafnia's listing becomes investors' test of shipping shares BMW open for more green pilot tests in shipping THE Alliance unveils route network after admitting HMM Analyst sees dark clouds over LNG market after 2020 Competitors taking over Zeamarine vessels Svitzer appoints new director for Americas Shipping players to design ammonia-fueled tanker ship Northern Offshore enters Japanese partnership Vestager not buying Maersk CEO's critique of regulation Container majors make container track and trace first common standard China reports slowest economic growth since 1990 Energy agency says key ports have sufficient low-sulfur fuel oil Drewry sees weaknesses in 2020 container market Norway's Kleven yard close to change in ownership Starting date of RAL-Eimskip partnership is approaching High scrap prices on ships prompt busy start to the year Sudden rate dive in tanker makes investors nervous Dry bulk shipowners face challenging 2020 Tanker released by pirates in West Africa – crew member dead United Heavy Lift takes over nine ships from Zeamarine New container association has "open invitation" for Cosco Kuehne + Nagel combines its regional offices in Singapore Maersk Drilling extends Norwegian contract to USD 25.5 million IMO's climate targets require investments of at least USD 1 trillion Bimco: Dry bulk shipowners' ability to negotiate will be crucial DIV Group to acquire Norwegian yard Kleven Container alliance lags behind competitors on mega-ships ONE preparing an expansion of its fleet of mega-ships Carsten Mortensen's Dee4 fund buys new ship Eagle Bulk sees scrubbers as the biggest opportunity this year More countries support naval mission in Strait of Hormuz Schulte launches new investment platform Bunker One bags exclusive deal with US supplier Zeamarine attempts to offload more ships to rivals 23 percent of Prosafe's fleet was employed in the fourth quarter Altor to take Wrist to next level prior to exit European ship finance could become even more difficult to access Klaveness and Japanese partner launch major dry bulk pool Oil companies only invest a little in green energy Blue Water Shipping banks on Caribbean oil boom DP World buys up in Swiss terminal operator Monjasa operates without five-year plan – customers set course instead Container volumes went down on the Pacific trades in 2019 IMO reports "smooth" transition to new sulfur regulation DSV combines two divisions – several employees lose their jobs Maersk raises fuel surcharge for customers following large price hikes Chinese banks expected to sign up for Poseidon Principles New mega-ships to boost HMM's revenue in 2020 Pakistani port bans open-loop scrubbers Court releases two arrested rigs Acquisition boosts Cosco's container business significantly in 2019 Shipping companies pledge to work for gender equality Torm orders two scrubber-fitted newbuilds from Chinese shipyard Concordia Maritime opts for pan-Nordic business set-up Scan Global raises capital to pursue global growth ambitions Equinor to develop ammonia-fueled offshore vessel New ECSA president calls on EU to combat piracy in West Africa United Heavy Lift acquires two vessels from Zeamarine Massive Norwegian field sends Aker BP's oil output soaring Keppel's shipyard reports 2019 net profit on tax gain Heavy lift carriers confirm taking over Zeamarine vessels CCO resigns from Hamburg Süd Singapore's port authority screens seafarers and passengers for virus Hapag-Lloyd follows Maersk: Increases bunker surcharge 2019 was the last big investment year for Norway's oil sector Poor low-sulfur bunker found in several key ports Shipping companies seek clarity on ESG: "How much is enough?"Alfa Laval joins effort to develop zero-emission vessel Oaktree expands its presence in Star Bulk Semco secures order from Seadrill Dry bulk index continues to drop – down 40 percent since New Year's Corvus Energy expects that "big ships" can sail on batteries in two or three years Container lines struggling to pass sulfur bill on to customers Port of Gothenburg set rail volume record in 2019 Star Bulk has more than 110 scrubbers: "It has been a Herculean project"Study: New fuels are more harmful to the Arctic Oil traders made billions in 2019 as conflict shook the market Shipping stakeholders worry about virus: "Market psychology is turning negative"Stake in sister company ensures profit for Scorpio Bulkers Chinese oil major is the largest bunker supplier in Singapore The price of new containers hit three-year low DSV Panalpina and Vestas enter major transport deal Banks open up to ownership in pressured offshore carriers Virus outbreak creates uncertainty in dry bulk Senior Vice President Lars Kastrup leaves CMA CGM Total to dismiss one in four employees in Norway "I'd be very disappointed if we don't make returns of plus 20 percent annually"Maersk responds to authorities in case about re-flagging of vessels Next generation joins executive team in Østergaard-Nielsen's USTC group Eagle Bulk subsidiary fined USD 1.1 million for sanction breach APM Capital invests huge sum in large-scale port project NGO criticizes LNG as fuel: Could do more harm than good Norwegian police raids Teekay office on suspicions of illegal scrapping CSAV buys up stock in Hapag-Lloyd and is now majority shareholder Odfjell to raise more than USD 30 million with bond issue Shipping company installs ballast water systems on two ships without docking Former Ceva CEO to head CMA CGM's port business Trafigura and Fredriksen companies reveal name of bunker venture Former BBC Chartering CEO: "Zeamarine ended up taking too much, and this has been difficult"Family-run Singapore bunker business ranks higher than the majors IBIA disagrees with critical study of new fuels Teekay after police report for scrapping: "We have nothing to hide"Tanker on fire near the Strait of Hormuz Euronav finishes 2019 with USD 160 million profit Gunvor meets climate targets and gets lower interest on loans Prosafe hits another setback in merger process European shipowners have no official stance on disputed carbon quotas Stolt-Nielsen could benefit from recovery among competitors Portchain targets more new customers in 2020 after major new deal Tankers leave Libya empty as hopes fade for end to blockade Wärtsilä's scrubber sales drop on fuel uncertainty OW Bunker's old tankers making millions for their owners Concordia Maritime increases fourth quarter loss despite market improvement ONE expects deficit from the start of 2020 Salvage company Ardent abandons previous goals for billion-dollar market Costamare's earnings rose markedly toward the end of 2019 Media says US to soon lift sanctions on Chinese Cosco vessels Western Bulk cautiously optimistic about 2020 despite market downturn Japanese ONE partners grow profits despite weaker revenue Lundin exceeds expectations Euronav CEO says 2020 is off to strong start despite sliding rates Frontline and Navig8's scrubber producers merge Course change prompts Ardent to dismiss a sixth of employees Klaveness has downsized dry bulk business and sacked employees US lifts sanctions against Cosco-owned Dalian Tankers Hapag-Lloyd reveals first three pledges of new strategy Maersk allegedly paid millions to agent under bribery suspicion Total and Semco enter major collaboration Bunker auction to ensure cheap fuel for shipowners More than a fifth of containers arrive late Shipping organizations reject criticism of new fuels Navigare buys yet another container ship Brazilian police reportedly raided former Maersk exec's home Intermarine reemerges as US company Ambitious bill aims to render shipping's CO2 targets mandatory Coronavirus could delay scrubber installations Oil giant enters new era in major decline Critical LNG study has advocates and critics butting heads India removes import tax on low-sulfur fuel Analysts keep close eye on DSV Panalpina integration Three companies better positioned if drilling market dives again Nordic banks halve lending to oil and gas Most scrapped vessels ended up on beaches Virus outbreak could lower container growth with six million TEU Maersk Drilling books deficit for first year as listed company Competitor cuts jobs after losing Vestas business to DSV Panalpina Shipowners call for international mission in West Africa ONE's decision to not install scrubbers proved costly in start of 2020 Trafigura and several major commodity traders apply for bunker license in Singapore Flexport lays off 50 employees in restructuring Maersk Drilling CEO says oil rigs have likely hit bottom New fuels contain a surprising amount of impurities and water Dorian LPG exits 2019 with renewed strength Bad loans in shipping and offshore weigh down on Danske Bank Debt overshadows better markets for strained offshore carriers High tanker rates yield record profit for DHT DFDS expects lower growth due to Brexit: "We see continued headwind in 2020"Refinery chiefs say coronavirus sends oil consumption down 25 percent HMM sees concern over coronavirus in the short term China to halve tariffs on USD 75 billion US goods from February 14 Danske Bank divested shipping stocks in 2019 due to new sulfur rules Total defies all expectations CEO expects Brexit to challenge DFDS in much of 2020 Prosafe incurs operating loss and negotiates with lenders Eimskip misses 2019 target after weak end to the year BW Energy prolongs IPO by a week Corona outbreak causes carriers to cancel sailings and postpone scrubber installations DSV Panalpina books USD 977 million operating profit in 2019 Desmi-owner considers selling the company after major growth APM Terminals initiates major expansion of Georgian port Equinor CEO refrains from talk of binding climate targets Intermarine starts out with old Zeamarine vessels DSV's new transport deal with Vestas excludes competitors Aker Solutions increases revenue but lowers bottom line Virus outbreak worsens scrubber delays already spanning months Container market prospects are stable but fragile Singapore raises virus response level, now on par with SARS Broker declares Hafnia an under-priced "tanker behemoth"31 sailings canceled due to coronavirus 600 office workers have left DSV Panalpina since acquisition BW LPG doubles number of dual fuel vessels Trafigura buys more shares in Frontline Dorian's profit per scrubber is USD 10,000 a day EU quota plans cause European shipowners to call for global strategy McQuilling predicts tough year for tankers in 2020 CMA CGM joins new hydrogen partnership Bunker Holding hires head of communications from Lego AAL establishes new liner service between Europe and Asia Organizations criticize EU on issue of container consortia block exemption Odfjell expects further improvements in chemical tanker in first quarter Bernhard Schulte company gets million-dollar fine in the US New fuels challenge Hapag-Lloyd: "I wouldn't say that everything is totally relaxed"Aker BP doubles its profit in the fourth quarter 2020 Bulkers has taken delivery of most its newbuilds Hutchinson worried about world trade Two in three logistics executives expect global recession in 2020 EU-Vietnam trade agreement includes opportunities for maritime companies Shipping lobbyists in frantic spurt to prevent BER extension Ardmore CEO: Coronavirus is impacting tanker rates Maersk has found its new CFO Former Copenship CEO gets new senior position at Norvic Shipping New dry bulk operator prefers leasing ships to owning them: "We stick to what we know best"Euronav now buys its first ships with scrubbers Norwegian fund cancels sale of oil service firms and establishes new group Dorian has moved past BW Group's acquisition threat Kongsberg's integration of Rolls-Royce is progressing faster than expected Kvaerner raises revenue by 60 percent Hapag-Lloyd plans to order six 23,000-teu container ships Shipping lines starting to reopen offices in China "The market is in a rather poor condition to put it mildly"Lightship Chartering appoints new CEO Prosafe calls off merger with competitor Dee4 leases ship to Norden Maersk and MSC find replacement for South Korean partner HMM will save its way to a profit: Notes uncertainty from trade war and coronavirus Scorpio Bulkers sells three ships for USD 62 million to lease them back Competitor snags two managers from Zeamarine Empty LNG ships at biggest producer show how virus grips market Confidential contract pulls Torm into bribery case in Brazil Vestas and DSV Panalpina to use their scale to achieve savings Euronav CEO rejects u-turn on scrubbers Coronavirus outbreak makes BW Energy lower its pricing PIL abandons routes on the Pacific Port of Rotterdam grows its container and LNG throughput in 2019 Viking Supply Ships sees fragile balance in offshore sector MPC raises millions in new share issue BW Dry Cargo brings in senior exec from Dee4 Capital Maersk ship attacked by pirates in Gulf of Guinea Maersk Drilling has 250 managers offshore – none of them women Wilhelmsen turned red figures black in 2019 Parent company wants to delist DP World Maersk Tema and crew reported safe Borr Drilling secures newbuild financing Maersk shareholder KLP has changed its view on beaching after Alang trip More than 60 offshore ships will never return to the market Moody's has downgraded two shipping companies Scrubbers could speed up rate war on Asia-Europe Environmental NGOs push for ban on heavy fuel oil in the Arctic IMO advisors lack clear evidence ahead of much-anticipated scrubber verdict BW Dry Cargo sells ship for profit of USD 5 million Coronavirus outbreak makes container lines introduce reefer surcharge Zeamarine confirms sales and reduction of fleet The EU fleet has become smaller globally – and it remains under pressure Hugo de Stoop is torn between two choices for new ships BW Energy gets 700 new shareholders Golden Ocean increased its earnings in fourth quarter – but prepares for hard times Mining major BHP fears for growth due to virus outbreak Transocean hopes that the market bottomed out last year Hedge fund Odey loads up on Seadrill as Fredriksen partners bail Pension fund PFA closely monitors EU's verdict on Maersk's beaching yard Marshall Islands has been lifted from EU's list of tax havens Shipping industry clamors for European labor Coronavirus has cost almost half of all sailings from Asia Hapag-Lloyd is stronger after a 2019 with surging rates and cost-cutting Nordic American Tankers books million-dollar profit on tanker recovery Maritime job postings see biggest increase in Norway in 2019 US sanctions Rosneft unit for ties to Venezuelan oil trade Media: Suspicious Petrobras contracts cling to former Maersk exec ECSA appeals to the EU: Regional legislation could undermine IMO's work Fredriksen's SFL Corp books impairment on Solstad vessels CEO after Norvic reshuffle: We now have a much clearer culture Scorpio Tankers in fourth quarter turnaround driven by sulfur regulation Maersk acquires US distribution company for USD 545 million Coronavirus creates significant uncertainty about Maersk's 2020 forecast Star Bulk reaps benefits from large scrubber program Seaspan adds to its bottom line in 2019 This is how much Maersk paid Søren Skou in 2019 Growth absent from Maersk's logistics business in 2019 Wide support in European Parliament for CO2 quotas on shipping Shipowners call on EU to support new CO2 fund Skou looks toward result dip after coronavirus: The coming weeks will be decisive Port of Hamburg handled more containers in 2019 Navigare expands container fleet with new acquisitions Ammonia becomes part of Norway's hydrogen strategy Port of Rotterdam's bunker sales declined Security firm reports kidnapping of ten seafarers in the Gulf of Guinea Hunter secures financing from major Nordic banks A solution to Dof's rescue plan drags out Shipping is off to a surprisingly tough start to 2020 DSV Panalpina: Coronavirus has canceled 60 percent of sea freight between Asia and Europe Container maker MCI finds new chief financial officer Container majors must cooperate to find fuel of the future Maersk has cut off logistics customers: Now Skou wants top line growth Maersk appoints new IT chief Wärtsilä and BW LPG expand retrofit agreement for VLGCs Proposal to ban HFO in the Arctic has landed – Russia secures loophole DSV Panalpina's integration will cost up to 4,000 jobs EU committed to introducing CO2 quotas on shipping Maritime & Merchant has global ambitions Skou leaves rivals to buy mega-ships: We don't need big investments Low-sulfur fuel premium approaching normal levels Private equity firm sells oil service companies Bunker Holding company acquires competitor from Glencore New project aims to make shortcut for existing ships to sail on methanol Coronavirus could cost container lines USD 1.7 billion in revenue Shipping stocks drop one after another due to virus outbreak Norvic considers raising new capital Moody's: Maersk hit hardest by coronavirus Total's director for E&P Denmark resigns CMA CGM's debt plan at risk amid virus fears DP World CFO becomes chair at Unifeeder Scrubbers make the difference between red and black figures for large bulkers Hafnia finished 2019 with "very satisfactory" result Royal Arctic Line CEO wants heavy fuel ban pushed back to 2040 Kuehne + Nagel to replace longtime board member Blue Water: Only a fourth of China's workforce has returned to factories Bunker Holding kicks off consolidation with acquisition of Glencore company Bunker One enters West Africa DP World acquires Canadian terminal Maersk's new credit facility is linked to CO2 targets Bunker Holding looks like the front-runner in acquisition race IMO will continue work on washwater from scrubbers Genco to sell all of its handysize ships Scrubbers have split the chartering market into two tiers Seaspan buys four ships and surpasses one million teu Maersk lowers fuel consumption by nearly a million tons Chemical tanker market has lagged behind for seven years Maersk employees sent home after travels to northern Italy and South Korea Pension fund questions Maersk chairman's record pay Higher rates boosted Flex LNG's 2019 result Former co-owner sues A1 Offshore subsidiary for bankruptcy Number of ships in German commercial fleet keep dwindling Kuehne + Nagel once again raises sea freight volumes Maersk faces acquisition ceiling of USD 1 billion for the next two years Frontline reports best quarter in 11 years Seadrill lost close to USD 200 million in fourth quarter Higher rates make Avance Gas' earnings soar Pacific Basin prepares for turbulent times after profitable 2019 Homeowners cause major loss for Danish Ship Finance New lenders bet on traditional values: "We understand the sector"Man behind Triple-E vessels returns to Maersk Coronavirus' worst-case scenario looks very severe for shipping Solstad books new huge deficit for fourth quarter Torben Janholt steps down as CEO of Pioneer Marine The start to 2020 has felt like a horror movie to Frontline's CEO World Fuel Services earned more on fewer tons of bunker oil in 2019 BW LPG to grow its number of ships sailing on two fuels Borr Drilling considers selling rigs following new loss Zeamarine files for insolvency in Bremen Scrubbers and tank cleanings weigh down MPC Container Ships in 2019 Hackers can easily manipulate ships' GPS signals Coronavirus leads to cancellation of the biggest shipping conferences Vale asks Petrobras to assist with potential spill from bulk vessel Container carriers continue to cancel sailings due to coronavirus Ammonia could emerge as best future fuel candidate Critical ban in the fight against sulfur now in effect Grimaldi's scrubbers to clean the ocean OECD lowers growth prognosis significantly due to coronavirus Maersk Supply Service booked impairments worth USD 1.7 billion over four years Wärtsilä to cut fuel consumption by 30 percent through new project Car carriers hit with class action suit in cartel case BW Offshore grows its profit in the fourth quarter Altor and Deloitte want court to reject large claim in OW Bunker case Equinor strikes oil in North Sea Offshore carrier Tidewater wants to dispose of nearly 50 supply vessels Broker: China could be preparing giant stimulus package DNB opens up to co-ownership of distressed offshore companies Small island states want part of shipping's new CO2 fund Pacific Basin bets on major recovery following virus outbreak Polaris to remove fuel from stranded dry bulk vessel Bawat secures important approval of its system in the US Norden reports best quarter in five years Chinese ship fuel sales halved after virus outbreak Female managers in the majority at Svitzer Virus disruptions may cause 20-percent cargo decline at US ports PIL continues to sell off assets DSV Panalpina sells its brand-new headquarters World's biggest port prepares expansion Monjasa wins million-dollar dispute with Stena Oil Corona outbreak gave Norden CEO flashbacks to the SARS era René Kofod-Olsen steps down as CEO of DP World carriers DNB's ocean chief headed into Maersk Drilling's board of directors Singapore sets entry ban due to fear of coronavirus Hafnia CEO warns: Fossil-fueled shipping could deter young talent Eagle Bulk incurred revenue loss from scrubbers in the fourth quarter US seizes 11 million dollars from shipowner in Syria complex OPEC will support cuts – awaits Russia's decision Ørsted will meet with key suppliers in March to discuss climate targets Boskalis' second half of the year salvages tough 2019 Wärtsilä splits its marine business into three units Shipping lines can expect two months of delay on newbuilds Italian shipping hit hard by virus outbreak ICS issues guidelines for shipping on coronavirus Euronav buys new VLCC with scrubber installed New Hempel CEO challenged by virus outbreak: "It's been a quite intense period"Jefferies sets Maersk's acquisition ceiling considerably higher Trafigura's head of wet freight takes new position Terminal operator Global Ports profitable again IMO meetings postponed due to coronavirus Virus outbreak makes Wallenius Wilhelmsen herald bigger slide in volumes Zeamarine closes in Denmark and sends employees home OPEC+ on brink of failure as Russia resists deeper oil cuts CMA CGM Group lands USD 229 million deficit in 2019 CMA CGM embarks on second phase of Ceva turnaround Oil drops 31 percent in worst loss since Gulf War as price fight erupts Frontline secures over half a billion for Trafigura ship purchases Kuehne + Nagel sells big chunk of UK business to competitor China dropped out of European IMO-proposal due to corona Oil price plunge is not all bad news for container lines and tankers CMA CGM's finance chief expects profit for Ceva Logistics this year Close to one in four offshore vessels are unemployed Major Greek ship operator sells five tankers Navig8 pool accuses Glencore and Valero of supplying bad bunker Shipping organizations fear consequences of coronavirus NTG maintains ambitions despite failed capital increase Oil price plunge may postpone drilling sector recovery Clipper takes over dry bulk pool from Klaveness US warns shipping against storing Iranian oil Hafnia CEO: "There's no doubt that this is positive for us"Havila CEO on oil price plunge: We don't need this Clarksons prepares for corona effect in first half of 2020 Oil collapse comes at terrible moment for hard-pressed rig operators VLCC rates could soar to USD 150,000 per day in April Bureau Veritas launches digital classification in Rotterdam OOCL orders five mega-ships Oil rally falters with supply fear weighed against stimulus Hope Oil plunge pushes fuel prices down to four-year low Torm reports best start of the year in a decade Equinor employee in North Sea tests positive for coronavirus EU to fast-track development of hydrogen as fuel CMA CGM wants sails on smaller container ships: "Clearly an option"Scorpio Bulkers sells more ships Particular detail about the oil price opens unusual market for Torm Icelandic fishing group aims to acquire Eimskip in major transaction Maritime companies on coronavirus shutdown: Drastic but necessary Japanese owners have large claim against bankrupt Stadil company US bans all incoming travel from Europe DOF after oil price collapse: Anything can happen now Oil resumes drop after Trump limits travel from Europe to US Claus Hemmingsen joins board of Maersk family's holding company Acquisitions add billions of dollars to DP World's top line Cheap oil sends tanker rates soaring IMO postpones meeting of environmental committee indefinitely Danish shipping companies scramble to find solutions as country shuts down New corona wave could hit the container sector like the financial crisis First Asian bank joins Poseidon Principles Bunker companies pay particular attention to vulnerable customers after oil collapse Maersk general assembly becomes virtual due to virus outbreak Fredriksen's well company appoints new CEO and extends debt MSC deploys mega vessels to China to evacuate empty containers Scrubber company stops hiring because of coronavirus Norway's state-owned export bank takes co-responsibility in offshore crisis Sovcomflot mulitplies earnings and expands fleet Dramatic week for shipping and rig companies comes to a close Product tanker carrier d'Amico is optimistic despite corona Coronavirus prompts DFDS to temporarily close Copenhagen-Oslo ferry service Saudis' oil tanker spree drives 700 percent surge in ships' earnings Trump declares national emergency in US Maersk files lawsuit against powerful railroad companies in the US Frontline closes Trafigura ship transaction Lenders prepare for crisis talks with shipping companies Oil falls deeper into turmoil triggered by epic demand collapse Stena Line will lay off 950 employees Shipping lawyers being overrun: "A bit like when OW Bunker collapsed"DSV Panalpina withdraws guidance for 2020 because of corona DFDS sends 600 employees home and warns of layoffs outside Denmark Tanker rates continue to soar: "This time it looks more sustainable"Nordic shipping hit by closed borders and layoffs DSV exec on virus-triggered setback: March could be "at least as bad"Stolt-Nielsen calls off planned dividend payout for shareholders Asian oil buyers hiring smaller ships as supertanker rates soar BW LPG has found its new chief executive officer Maersk cancels all crew changes for a month Equinor assembles corona crisis team Bulkers risk quarantine at ports: "Everyone's in a kind of limbo"1,000 employees in the oil sector to be sent home – more to come Coronavirus could benefit ballast water supplier Bawat Alfa Laval to cut costs by over USD 100 million MSC accused of illegally carrying heavy diesel on board a ship Team Tankers puts majority of fleet under management in Copenhagen Oil supertankers fetch astronomical rates with vessels scarce Massive dive in global oil demand EU bans non-essential incoming travel for 30 days Norwegian oil company sends 70 percent of its employees home Corona delays scrubbers: 20 MSC ships stuck for more than 100 days Oil slumps to lowest since 2003 on global recession threat Skuld wants to be bigger in marine insurance – looking to grow by more than the market DFDS next carrier in line: Cancels crew changes for two weeks Oil price has dropped below USD 28: Oil major scales down investments substantially Moody's: Corona outbreak poses severe challenge to CMA CGM's liquidity IMO postpones more meetings due to virus outbreak New shipping passport to ensure new crews access to ships DFDS suspends guidance for 2020 MSC explains sulfur violation with delay of scrubber due to virus outbreak BW LPG could retrofit at least eight large gas vessels in climate plan Semco Maritime is hit by both collapse in the oil price and coronavirus Vale considers closing iron ore hub in Malaysia as of Saturday British oil industry expects significant investment decline Overview: Ports across the globe have put restrictions on ships and seafarers Monjasa appoints new managing director for Europe US places sanctions on Chinese shipping companies Shipping lines could lose up to 10 percent of earnings in 2020 One challenge overshadows corona threat for large bulkers right now Maersk wants former bank exec with fintech background on its board Hapag-Lloyd expects lower earnings because of coronavirus Maersk suspends its guidance for 2020 – but maintains dividends Frontline CEO projects billion-dollar profit Hapag-Lloyd appoints new head of its vital reefer business Equinor expects long-term consequences from coronavirus Coronavirus could halt Hapag-Lloyd's plans for mega-ships DSV Panalpina says it is equipped for a large downturn Oil holds gains as Texas supports Trump-led output proposal Shipping lawyer to carriers: Now is the time to use your force majeure clauses Unions criticize Stena Line for suspending full pay in case of sickness Maersk Drilling lowers guidance due to plunging oil prices and coronavirus Oil collapse and pandemic could prove dangerous cocktail to container lines Seven seafarers from MSC Talia reportedly kidnapped New proposal aims to cut CO2 emissions by 80 percent in 2030 Shell curbs buyback, cuts spending forecast Corona diary from Hong Kong: Anglo-Eastern and the city have changed Global oil storage could reach full capacity in few months OOCL's outlook has turned more pessimistic in March Scrubber payback time is now between three and four years Car carrier scraps vessels and puts ten in lay-up Jim Hagemann Snabe defends his pay package at Maersk Pension fund votes against Maersk chair's pay package Total fights against corona: "We've launched extensive measures"One mega-ship requires 3800 trucks and 50 freight trains in Port of Hamburg Shipping bank sees problems with Poseidon Principles Vestager prolongs block exemption for liner shipping consortia Zim books profit for fourth quarter despite drop in revenue and volumes Woodmac: North Sea oil can handle crisis – for the moment Wärtsilä to choose new fuels within few years Major shipping companies see no need for layoffs PIL in negotiations with creditors on late repayments MOL expects to book major loss Shipmanagement company urges seafarers to stay home Chinese ports lost 10 percent of volumes in the last two months Crisis forces Equinor to enact billion-dollar cost-saving measures Niels Smedegaard joins DSV Panalpina's board Wilh. Wilhelmsen CEO inherits control of family investment firm Maersk shareholder to block further salary increase: DKK 7 million is already too much Hamburg's largest terminal operator warns of steep decline in 2020 J. Lauritzen owner injects millions following major loss in 2019 Maersk Tankers books USD 91 million profit HMM makes biggest contribution to The Alliance's emergency fund Nordic Shipholding is negotiating a potential merger with tanker company NTG proposes two new board members NordLB halves shipping portfolio on its path to exiting the industry Wallenius Wilhelmsen lays off 2,500 employees temporarily Wärtsilä testing ammonia in ship engines Dee4 Capital recruits former Viking Supply Ships exec Established players bet on methanol as ship fuel in Scandinavia Rystad: More than 1 million oil service staff risk unemployment Consolidation far from favoring project cargo carriers Maersk expects volume drop over coming weeks CMA CGM sells first eight ports in refinancing plan Gearbulk denies defaulting on loan from MOL Former Maersk exec and Cargill CEO enter board at Global Maritime Forum Analysts expect more voided contracts in strained drilling sector US pressures Saudis to stop oil price war Offshore firm Relyon Nutec boosts revenue as corona looms Corona diary from Gothenburg: Stena Bulk CEO fears times post-virus Ardent CEO rejects rumors: "We are not bankrupt"Maersk crew tested for coronavirus DHL declares force majeure after virus outbreak DFDS' Chinese yards up and running again Aker Solutions CEO saw major pay cut in 2019 Aker BP will announce redundancies after Easter Japan considers merging major yards Equinor expects increased oil output from Johan Sverdrup Wallenius Wilhelmsen hires CFO from airline SAS Ziton gets fresh millions from owners and asks creditors for patience 2M voids one in five voyages in second quarter Corona diary from Singapore: ONE working hard to address an expected demand shock Maersk confirms corona infections among ship crew Shippers, ports and logistics firms criticize EU's BER approval Lawyer warns carriers: Port closings not a free pass to invoke force majeure DSV Panalpina dismisses staff due to corona crisis US and Russia initiate talks and raise oil price Singapore opens for crew changes under special circumstances Oil price war will ensure high second-quarter freight rates for Euronav V.Group hires new chief financial officer Court rejects compensation claim in OW Bunker case The Alliance follows suit and blanks one in five Asia-Europe sailings Corona crisis works against shipping's climate plans P&O Ferries has sent 1,000 employees home Former Maersk Supply CEO elected to board behind Bourbon Maritime Wärtsilä withdraws outlook and launches cost-saving measures Moody's lowers Maersk's outlook after corona crisis Struggling Solstad Offshore closer to rescue plan Further delays could impact Chinese shipyards Lightship confirms new CEO and hires more brokers in London "The plunge in the oil price has already made all of 2020 a bad business"More than one third of container vessels arrive late The scrubber boom could be over for now Scan Global hopes to avoid layoffs: "The wheels are turning again in China"Vitol enters Singapore with takeover of bunker supplier Wilhelmsen books major loss and expects setback at Norsea Moody's lowers Maersk's and Hapag-Lloyd's outlook after corona crisis Number of canceled container sailings tripled in few days New CEO to head Trafigura's and Frontline's bunker venture TFG Marine Icelandic fishing group calls off major Eimskip acquisition Trump expects deal between Russia and Saudi Arabia in next few days Altor and former OW Bunker management sue Deloitte Six ship deals boost DHT's bottom line by more than USD 120 million Norwegian shipowners appoint new chairman Maersk Drilling has lost USD 2.6 billion in market value in one year Zeamarine owes considerable wages to Danish employees Shippers worry about container lines' financials and fear another Hanjin Ultrabulk expects profit in 2020 despite coronavirus Hemmingsen: Maersk Drilling is hit by a perfect storm CMA CGM close to downgrade by Moody's IMO postpones several key meetings Donald Trump reports agreement between Saudi Arabia and Russia Three seafarers injured in serious accident on Torm vessel Corona diary from New York: Hapag-Lloyd's North America president eyes a new reality DFDS to send up to 2,000 employees home with pay compensation Keppel sends home 100 employees after two corona cases at yard The patriarchs have passed the torch after a decade of crisis in German shipping Container rates staying up despite coronavirus Russian producers ready for oil cuts in bid to stop price rout Ardmore CEO warns of false sense of security following tanker boom Norway considers historic oil cuts EU halts investigation into South Korean yard merger Container lines could lose upwards of USD 23 billion in the corona crisis Maersk Drilling launches share buyback to finance incentive program DNV GL prepares for a "storm" in coming months Maersk extends suspension of crew changes Scrubbers and ballast water systems boost Desmi's profit Hempel's new CEO embarks on acquisition hunt Countries propose environmental rating system for vessels Torm flies injured seafarers to Denmark Stena Line sends 600 employees on furlough and lays off 150 New sulfur regulation makes Monjasa's sales surge in first quarter Fredriksen's Golden Ocean appoints new chief executive Norden CEO does not expect improved bulk market until 2021 MSC chief executive in open letter: Imperative that we keep the world moving Norwegian shelf saw significantly more accidents last year Morgan Stanley: OPEC deal will have limited effect on tanker boom Maersk maintains its ambitious climate targets despite coronavirus Total signs deal for LNG-fueled VLCCs Pacific Basin prepares for coronavirus to impact earnings Wallem on postponed crew changes: "Does not get anymore severe"Maersk's credit rating could be at risk ShippingWatch closed for Easter Havila settles agreement with creditors Corona diary from Ireland: Ardmore's CEO runs the business from his farm The US will soon return as net oil importer BP declares force majeure in contract with gas carrier Container sector faces its worst capacity crisis ever Shipping associations put pressure on global leaders for safe crew changes Maersk in letter to its customers: "We are a strong and conservatively financed company"Ziton receives go-ahead from lenders for its debt plan Opec+ countries cut production by ten percent Morten Have takes a step back to focus on growth plan for Lightship Borr Drilling's customers shorten contracts costing millions Boskalis acquires Ardent's US business Sweden to investigate scrubber washwater MAN Energy Solutions calculates with two corona scenarios IMF says great lockdown recession likely worst since depression Hackers demand millions from Desmi – CEO refuses to pay Container lines near 400 canceled sailings Opec deal will create new reality for tanker carriers New alliance of shipowners want politicians to ensure crew changes MSC's website down for fifth consecutive day after potential malware attack DSV prepares for hard corona crisis: Has secured liquidity with banks Boskalis secures EUR 500 million credit facility German operator inspired by Danish Silicon Valley of dry bulk Hamburg Süd finds new CFO at Eitzen tanker company MSC website and booking system running again after five-day breakdown Tanker released after attack in Hormuz Virus outbreak could reduce already weak balances for shipping lines Navigare Capital pays out dividends to owners Major shippers like Lego and Ikea demand climate action after coronavirus PIL says insolvency rumors are "totally false" Moody's lowers credit rating for Ceva Logistics Monjasa increased its profit in 2019 Media: Major Singaporean oil trader in crisis talks with banks Zeamarine's COO leaves the company Oil trades under USD 30 again despite output cut deal Corona diary from Connecticut: Dorian CEO cannot see a single person from his window Prosafe lost nearly USD 400 million in 2019 Lundin loses up to USD 359 million on weakened NOK Europe's largest container port predicts considerable dive in 2020 MSC confirms hacker attack following breakdown China's 2020 port calls exceed those from same period last year Ocean Tankers distances itself from owner Hin Leong in letter to customers Stolt-Nielsen prepares for recession – management takes pay cut OPEC sees demand for its crude dropping to lowest in 30 years Media: Hin Leong's bunker company stops deliveries in Singapore CMP warns that 40 employees will be sacked in Malmö Exmar reshuffles after chairman died as a result of coronavirus Saadé mid-crisis: We must rethink our supply chain models HCOB secures profit from shipping loans in first year of new ownership Monjasa's customers use low oil price to secure cheap fuel in the future Maersk eliminates facilitation payments on own vessels Rio Tinto noted strong Chinese iron ore demand in first quarter ABS warns shipping: Industry risks missing crucial CO2 targets Iran increases patrols in the Gulf Hin Leong owner's son reveals unaudited losses totaling USD 800 million Consolidation keeps container carriers afloat during corona crisis Ports urge EU countries to allow crew changes in all ports Vale lowers expectations for iron ore in 2020 US sees lowest oil price of the century Gearbulk to renegotiate ship contracts with Japanese shipowners Kitack Lim: Digital meetings not currently possible for IMO Ocean Tankers expects claims of up to USD 2.6 billion from banks and oil firms Hin Leong negotiating with Chinese oil firm on potential rescue plan Declining sea freight could impact logistics firms in April Oil spirals below zero in "devastating day" for global industry Trafigura's and Fredriksen carriers' bunker venture gets license in Singapore Wärtsilä's order intake and bottom line declines in first quarter Trump wants to fill national reserves after historic oil collapse Police open investigation into Hin Leong How an epic gamble exposed the rot inside an oil empire DFDS scraps 2020 investments by up to 20 percent A.P. Møller Holding's profit falls as dark clouds loom ahead Alfa Laval gets extension on credit agreement Dorian reconsiders scrubber strategy Tanker equities rise after historic US oil collapse DFDS has stacked 12 in 50 ferries Maersk Tankers continues to divest from its fleet Former Golden Ocean CEO steps down from Seadrill board Pirates kidnap eight seafarers from container ship in West Africa Several hundred Aker BP employees could be let go Corona delays EU's work on sustainable maritime fuels Container shipowners stick with scrubbers despite oil price plunge Maersk sued by competitor after terminating port agreement in the US Hafnia and Torm believe super-strong market is here to stay Danske Bank lowers target price for Seadrill and Borr Drilling to NOK 1 DFDS, MAN and Stolt Tankers to explore ammonia as fuel South Korea to help the country's strained carriers with one billion dollars Coronavirus and debt increase uncertainty for Siem Offshore Troubled oil trader Hin Leong poised to hand control to PwC Qatar Petroleum will build LNG ships for billions of dollars in China Corona diary from Shanghai: V. Group returns to a more normal and yet completely different market Major oil fluctuations rub off on shipping lines' fuel prices Team Tankers still has ships for sale: "This is not the endgame"HMM now has the world's largest container ship New layoffs at Clipper eliminate one fourth of jobs at the company's offices Hapag-Lloyd wants to lower CO2 emissions per container by 20 percent this year Hafnia seeks transfer to Oslo Stock Exchange in record-high tanker market Oil steadies after dramatic week that saw it plunge below zero Clipper CEO after new layoffs: "We had to protect what we have"Alfa Laval's scrubber sales continue to fall Maersk Drilling announces layoffs in the North Sea Media: Sinopec in talks about Hin Leong's terminal in Singapore South Korea's billion dollar aid to strained shipping companies faces harsh criticism: "The last thing we need"Container lines cancel 11 percent of all sailings in first half year Coronavirus slows down time frame for much-discussed CO2 fund Intermarine will represent United Heavy Lift in North America Singapore coastline packed with ships full of oil no one wants Diamond Offshore files for bankruptcy amid historic crude crash Kuehne + Nagel faces "major challenges" in the coming months Container lines' blanked voyages to peak this week Dan-Bunkering is prepared to help customers survive the oil crisis Only two ships caught violating sulfur rules in Singapore None of the 15 biggest container lines improved their reliability Wrist Ship Supply is busy getting supplies out to stranded seafarers ICS after South Korean state aid: "We must ensure level playing field"Rio Tinto introduces Hin Leong clause in contracts Standard & Poor's lowers long-term outlook for Maersk Key ports around the world pledge to stay open during corona crisis Ship inspector has to handle foreign jobs with images from cell phones Endofa's owner will no longer publish group financials Corona effect absent from OOCL's first quarter financials Maersk is free to rip up port deal and move terminal in the US Noreco dodges oil collapse – ensured price of USD 67 two years ago Key IMO study on shipping's emissions unaffected by coronavirus World Economic Forum: Corona could boost blockchain in shipping Flensburger Shipyard has 90 days to avoid bankruptcy Carbon quotas for shipping feature on EU's fall agenda Even DFDS was not enough to give Lauritzen Foundation a profit Corona crisis makes HMM postpone plans for new container ships Hafnia approved for transfer to Oslo Stock Exchange Eimskip eliminates 73 positions Port operator wants full compensation from Maersk after canceled deal Vale pulls 25 huge ships from its dry bulk fleet Post-corona opening will determine growth and bottom line for DSV Scandlines keeps its ships sailing despite the coronavirus outbreak Ship management company sees record number of ships stacked Concordia Maritime multiplies profit in first quarter Cosco raised revenue despite virus outbreak DSV Panalpina to lay off 3,000 as part of cost-cutting measures after coronavirus MOL projects deficit with pressure on container and dry bulk Shell's bottom line cut in half Stena CEO on furloughed staff: Many will not be reemployed Ziton seeks new investors after challenging 2019 DSV's redundancy plan will affect businesses globally Norway announces massive bailout for its oil sector Debt-plagued container lines may opt for government bailouts Major Nordic banks impair billions of kroner for losses on oil In two weeks 150,000 seafarers will be trapped on their ship Coronavirus triggers uncertainty about 2020 at Japan's ONE Valaris books USD 3 billion deficit in first quarter Borr Drilling sells rigs and postpones annual report Solstad Offshore needs more time to settle debt agreement Danish shipping receives massive state aid while criticizing South Korean fund World Fuel Services sees sharp drop in demand Deficit grows for MOL Nordic Tankers in first year with new owner Owner family behind major scrap buyer accused of fraud totaling more than USD 89 million 2M and CMA CGM sail around Africa on the way to Asia IMO postpones all meetings in July due to coronavirus Songa Container eyes risk of fiscal woes among charterers Exxon Mobil and Chevron cut investment budgets by billions British oil sector stands to lose 30,000 jobs Owner casts doubt on sale of pump-maker Desmi DNB expects fewer offshore companies, ships and rigs Oil collapse and corona outbreak challenge the purpose of BAF Crane collapses on Cosco offshore vessel Solstad Offshore bags contracts for six vessels Kim Ullman calls for moderation in tanker upturn Höegh Autoliners incurs loss for fourth consecutive year Voided sailings impact ports all over Europe Dan-Bunkering is no longer looking for a new CEO Oil service company to lay off 700 employees Broker calls on investors to cash in on tanker operators Nordic Bulk Carriers saw significant revenue growth in 2019 Norden upgrades guidance for 2020 Former Oaktree execs also take owner family behind cash buyer to court Six key employees from Western Bulk switch to Norwegian competitor Weakened Total cuts down and presents large-scale climate goal Jan Rindbo says rates above 100,000 are unsustainable: Some customers withdraw Seafarers' mood has worsened during the coronavirus crisis "Tanker market is soaring when virtually every other industry is suffering"Two more Thorco companies go bankrupt Two longtime partners leave XO Shipping Suez Canal loses business to new route south of Africa DHT reports rates of more than USD 100,000 in the second quarter Ardent shuts down its business Aker BP lost a little over USD 400 million Hapag-Lloyd launches new triple-digit million cost reductions due to coronavirus Maersk Supply Service lays off 55 onshore employees Alfa Laval reports record production of ballast water systems Scorpio Tankers postpones purchase and installation of 19 scrubbers Odfjell expects sliding demand following virus outbreak Major impairment drags down Genco in first quarter Equinor reports major deficit on bottom line Euronav reports profit of more than USD 200 million DFDS expects lower operating profit ShippingWatch closed on May 8 Supertankers now also sailing south of Africa instead of using Suez Maersk Drilling plans to lay off upwards of 170 employees Celsius Shipping keeps its foot on the brake in diverse market DFDS aims for open borders within few months – but peak season is lost 300 laid-off Wärtsilä employees could be rehired Solstad Offshore has settled huge debt agreement plan Habben Jansen has a certain sympathy for South Korean state aid Eagle Bulk lost money in the first quarter Singapore police raid oil trader after HSBC allegations Thorco and shipping bank tried to sell ships for months before bankruptcy Coronavirus hit container industry's niche carriers the hardest Siem Offshore urges banks to push for needed consolidation after deficit Unifeeder returns up to one fifth of its ships to their owners Banks take over as majority stakeholders in Solstad Offshore with new debt plan Jefferies views DSV Panalpina as best equipped to handle the coronavirus crisis Shipping adviser dragged into alleged fraud case against Dubai family Scorpio Bulkers reports major deficit in first quarter Saudis cut oil output again as kingdom's budget reels from crash Media: Ocean Tankers has asked to be placed under judicial management Close to 350 product tankers are being used as floating storage P&O Ferries to dismiss 1,100 employees Team Tankers bags small profit Total sends 150 staff home from North Sea ahead of schedule Hapag-Lloyd expects meaningful improvement to its reliability this year Odfjell sells stake in Chinese terminal Norwegian offshore in clash with government over massive rescue plan DSV sells part of Panalpina subsidiary to Dutch stakeholder Maersk expects up to 25 percent drop in container volumes in second quarter Concordia on postponed moving plans: "We have put those discussions on ice"Singapore yard goes from 20,000 employees to 850 due to coronavirus restrictions Organizations fear drawn-out postponements of IMO environmental meetings Borr Drilling gets warning for low share price in the US CMA CGM bags billion-euro loan with support from the French state Søren Skou wants EU to intervene against state aid for shipping lines Accountants take over management of crisis-stricken tanker carrier in Singapore Maersk report reveals impact of coronavirus on key trade lanes Oil fund's new coal criteria exclude global trader Maersk's ambitious logistics plan is rolling backwards Boskalis is cautiously optimistic about 2020 Torm reports USD 56.4 million profit for first quarter Investor group has sold all its shares in Hafnia Team Tankers was close to two mergers but found a different path to consolidation Report: Existing technology could shave up to 27 percent off ship emissions Prosafe presents new business plan to its creditors Global Risk Management gets new managing director from parent company EU is exploring intervention against state aid for shipping outside Europe Torm sees highest earnings in a decade – but share has dropped 25 percent this year Danish Ship Finance paints very bleak picture for shipping and offshore Dan-Bunkering is awarded damages against insolvent dry bulk operator Higher fuel prices weigh down Hapag-Lloyd in first quarter Dry bulk rates approaching all-time low after the drops seen in recent weeks Sovcomflot reports significant improvements in first quarter Corona diary from "Nord Sustainable": Captain working for fourth month in a row Peter Borup leaves Norvic Shipping New oil scandals put the spotlight on Singapore's rule of law New sulfur rules made sales skyrocket for Maersk's internal bunker company Dry bulk operator Belships reports "historically weak start" to second quarter The Port of Hamburg feels the impact of coronavirus US issues guidelines for carriers to observe sanctions Wallenius Wilhelmsen reports triple-digit million-dollar deficit Corona pandemic cost HMM one in five containers NTG's head of air and ocean steps down Stolt-Nielsen ship averts pirate attack in Gulf of Aden DOF Subsea gets extension on its debt from creditors Maersk chairman after virus outbreak: We were unprepared Torm's scrubber math still holds even though the oil price has dropped Shippers look toward the biggest container shipping lines Norden moves jobs from Copenhagen to Singapore and Cyprus Hapag-Lloyd's CEO is reluctant to criticize recent state aid to competitors Siem Offshore eyes potential for deal with its banks Skuld books first technical deficit in 16 years Corona makes shipowners lose confidence in eco investments Viking Supply Ships sees increased uncertainty after oil collapse Norden expects to save millions of dollars from moving jobs abroad Nordic American Tankers expects upturn to continue Bunker One vessel arrested in Ghana: "A regrettable exception"DSME delivers improved result in first quarter on one-off incomes DFDS gets share of new GBP 35 million government scheme Mørch on board roles: "One must not get confused about what one's job is"Norwegian shipping companies will work toward climate neutral fleet by 2050 German carriers have lost up to 40 percent in revenue during corona crisis Container association wants to digitize the bill of lading: "the Holy Grail of global trade"Frontline reports best quarter in a decade, but eyes problems ahead ShippingWatch is closed Thursday, May 21 Noreco reports operating result of USD 105 million Hapag-Lloyd's market value now bigger than its competitors' combined Blue Water's Kazakhstani cash cow nears its expiry date BW Energy cuts investments by more than half this year Brightoil reaches agreement with several creditors EU earmarks more than EUR 1 billion in development of hydrogen Port closures made Ultrabulk nervous: "We became overly cautious"Shipping to bunker electricity from new Danish energy islands before 2030 Borr Drilling negotiates with creditors after another major deficit Eimskip loses revenue and doubles deficit following coronavirus outbreak Tor Olav Trøim injects more capital into Borr Drilling with share purchase China abandons hard growth target, shifts stimulus focus to jobs Experienced oil profile to take the helm at Noreco DHL plans to get through the corona crisis without layoffs Teekay books deficit for first quarter Two seafarers test positive for coronavirus aboard Hapag-Lloyd vessel Analyst firm says investors should sell tanker stock after major rate drops Port of Gothenburg avoids voided container calls 40 years in shipping gave Tommy Thomsen top jobs in bulk, ports and start-ups Kuehne+Nagel's owner projects up to 25 percent less employees after the crisis BP to halve its managing staff Hafnia reports USD 77 million profit for first quarter Container lines may have voided too many sailings Baltnav eyes the end to the dry bulk downturn Associations try to call on UN: More than 200,000 seafarers are stranded Thor Stadil hands over the reins of Thorco to well known shipping profile Ejner Bonderup wants to simplify business of Thornico Shipping After years of delay: Eimskip still considers RAL partnership good business Norwegian shipping line acquires 20 bulkers – becomes Europe's largest shortsea carrier Maersk, DFDS and DSV join forces to build hydrogen plant Tanker could be strained for the rest of the year BW LPG boosts result by USD 100 million on high spot rates APL ship has lost at least 40 containers in the water off Sydney Large impairment lowers BW Offshore's result NTG has laid off employees and cuts costs after growth slowdown Ships calling at EU ports emit as much CO2 as all of Belgium Fredriksen's shipowner only has one concern in offshore after supply vessel exit Singapore could become new investor in strained PIL Prosafe books another major impairment Container throughput increased in March but remained lower than last year Maersk Drilling's top line recedes in tough first quarter Golden Ocean loses USD 160 million in the first quarter DOF loses NOK 4 billion in the first quarter Oil price war increases Nordic Shipholding's bottom line seven-fold Virus outbreak strains MPC Container Ships: Begins talks with creditors Petros Pappas believes the worst will be over in second half of the year Suez Canal tries to attract customers with discounts: So far without any luck Maersk Drilling CEO calls on banks to clean up the sector Zim reduces deficit in first quarter despite virus outbreak Dorian more than doubles its revenue on higher rates and fleet utilization Solstad gets new huge deficit and looks forward to rescue plan Siem Offshore allowed to partially postpone its debt by one year DP World joins Tradelens Ulrik Andersen enters dry bulk in the midst of one of the sector's biggest downturns Henriette Thygesen hands over the reins at Svitzer Lauritzen reveals its investment in Dee4 Hapag-Lloyd's stock fluctuations draw attention from German authorities Esvagt reports higher profit but prepares for tough 2020 DFDS gets sizeable wage compensation from Danish state Shipping companies against carbon tax from EU Subsea 7 lays off 3,000 employees APL vessel detained in Australia after losing containers Paddy Rodgers joins V.Group's board Flex LNG's chief executive sees challenges in the near term Oil collapse could remove more than 100 drilling rigs Norwegian shipowners want a global ban on fossil fuels in 30 years Finland and South Korea to pump massive sums into their national shipping sectors Thorco's shipowning ended in bankruptcies and million-dollar claims ShippingWatch will be closed Monday, June 1 Danish shipping wants to be climate-neutral by 2050 Qatar signs deal with South Korean yards for more than 100 LNG ships Seadrill will be delisted in New York after new huge deficit Golden Ocean projects increased scrapping of capesizes Oil tankers queuing off Chinese coast proof of rapid rebound Søren Skou will not comment on competitor CMA CGM receiving state aid Solstad gets support for rescue plan – Røkke and Fredriksen continue as owners X-Press Feeders reduces fleet by up to 20 percent Strong results and weak share prices illustrate the paradox facing Hafnia and its tanker peers Jefferies brings former acquisition target into play for DSV Bunker One takes over Monjasa's Skagen oil terminal Valaris postpones interest payments on loans DSV wants shipping companies to lower emissions with new climate target Saadé moves the target: CMA CGM must be climate-neutral by 2050 Greek ships hit by US sanctions against Venezuela One third of HMM's ships are idle Profit declined for Maersk Broker in 2019 Oil producers working intently to force prices up Seadrill to lay off 1,400 employees DSV's new climate targets will be crucial in coming contracts Danish shipowners see fossil fuel ban as one solution among several 2.6 percent of the tanker fleet has been to Venezuela in the past six months OSM Maritime takes over operation of 37 ships from Jebsen Norway's giant Sverdrup field cuts production significantly DSV makes new cuts: Lays off Panalpina employees in Luxembourg Frontline to raise USD 100 million for growth Norwegian oil sector projects massive decline in investments next year Long-term contracts are Navigare's bulwark during the coronavirus crisis Total meets with key contractor to avoid layoffs Panama threatens ships with fines for manipulating tracking systems EU sets new deadline for merger of South Korean yard majors Nordic Shipholding still negotiating with potential merger partner OPEC+ set to extend cuts after breakthrough with Iraq Firefighters injured after explosion on Höegh vessel Borr Drilling settles rescue plan with creditors and yards Contract renegotiations strain offshore ship operators in the North Sea Clarksons has opened in Copenhagen to be close to expanding shipping cluster Germany gives EUR 1 billion in aid to the country's shipping sector World's largest container ship has arrived in Europe on its maiden voyage 2020 looks set to become a toxic cocktail for dry bulk shipping MSC expects coronavirus effect in second half 2020 Yet another Chapter 11 is part of Seadrill's considerations Scorpio's offshore company in talks with creditors and questions going concern CMA CGM Group reports USD 48 million profit for Q1 OPEC+ extends oil cuts in win for Saudi-Russian alliance Container lines void more sailings in the third quarter Maersk injects capital into its loss-making offshore carrier Maersk ship hit by explosion off the coast of New York Vale shuts down several mines after coronavirus outbreak Equinor reveals plan to reduce climate footprint from ships Maersk Broker CEO notes uncertainty among shipowners after coronavirus outbreak Singapore yard group to raise billions from owner and state fund Liner companies' schedule reliability improved in April 70 bulkers are waiting for sugar off the coast of Santos BP to lay off 10,000 Maersk's chief climate advisor John Kornerup Bang leaves the group Copenhagen could establish new maritime test center for DKK 1 billion Solstad gets the last creditors on board restructuring Aker BP among the winners of a new aid package for Norway's oil sector Erria grows in Vietnam after acquiring owner's company DSV Panalpina's CEO on hydrogen project: "This could really take off"US sanctions against 120 Iranian ships come into force Color Line has lost almost its entire income during the coronavirus crisis Strained rig operators on collision course with yards CMA CGM earmarks one third of its billion euro loan for Ceva Logistics USTC's Torben Østergaard hands over majority of life's work to daughters New initiative to curb ships' spreading of invasive species Container lines face a challenge in the second quarter Expansion at OSM Maritime pushes number of employees to 15,000 Goldman Sachs projects oil price correction of up to 20 percent Jutta Paulus plays a key role in the fight for CO2 quotas: "I am a big fan of shipping"Former Topaz CEO projects tough elimination race among offshore carriers Odfjell to reduce debt by hundreds of millions Corona downturn makes Unifeeder lay off around 20 employees Fjord Line has received NOK 135 million in coronavirus aid Several creditors expected to make claims on the same oil cargo on Ocean Tankers' ships Ships sailing away from Venezuela after prospects of new sanctions Norwegian shipyard hit by cyber attack Busiest US port's peak season threatened after worst month in a decade Norwegian oil competitors strike deal on next giant project Stena Bulk is ready with green tanker prototype: Customers just need to get on board XO Shipping adds new partner to its ownership Corona restrictions could paralyze crew changes for a long time to come Hapag-Lloyd aims to save at least another USD 400 million in 2020 Major US-based fund buys stake in DHT Holdings Kontainers sold in million-dollar transaction RAL's "paradigm shift" prompts new jobs Team Tankers wants to delist from Oslo Stock Exchange Røkke companies join forces to own tanker ships Hurtigruten secures EUR 105 million loan Belships is ready to grow and hire in strained dry bulk market 300 Maersk ships will provide data for climate project Hitecvision poised to venture a billion dollars into oil and gas IMO will hold virtual meetings until July New CEO wants to diversify Lightship's business to other shipping markets Navigare will continue to invest in LNG vessels Corona crisis makes Wallenius Wilhelmsen cancel scrubber orders Why do strained offshore carriers keep surviving despite huge deficits?Stadil family's fortune grows after shipping bankruptcies Growing pressure to find solution for stranded seafarers Ceva acquires majority stake in logistics company in Africa Oldendorff acquires three large bulkers for USD 212 million Greek shipowners ditch Venezuela after pressure from the US MAN senior VP on corona crisis: "We're starting to see the effect now"Now contracts are expiring for seafarers across the globe EU takes first step in intervention against Asian state aid Dubai-based company confirms hires from Bunker Holding's acquisition Eagle Bulk secures new bank agreement Repsol invests EUR 80 million in hydrogen Bondholders reject Siem Offshore's restructuring plan Two former bunker execs charged with massive fraud in Singapore Maersk Tankers CEO confident in even better result for full-year Energy agency says oil demand will not normalize until 2022 Norden enters strategic partnership with Diamond S Major supplier to Tyra field sacks almost half of furloughed employees 2020 Bulkers completes investment program in new ships Ceva Logistics brings in former head of ocean freight at Panalpina Norden beat several competitors in race for Diamond S ships Suez Canal oil tanker transits hit all-time high last month Container carriers resume voided sailings Maersk Drilling to store CO2 in the underground Alfa Laval to supply up to 80 ballast water treatment systems in new deal Hard times in oil industry has Maersk Supply Service selling two older ships Stolt-Nielsen secures NOK 1.25 billion from new bonds Container ships line up to get scrapped Norden becomes product tanker heavyweight after Diamond S deal EU Commission details plans to halt Asian state aid Corona spikes in China and the US could spell bad news for shipping Maersk expects lower impact from coronavirus than first anticipated René Kofod-Olsen aims for new CEO position after parting with DP World carriers Equinor CEO expects changes to employee count Maersk spreads optimism: "Industry might come out of 2020 without a loss"US oil production reaches lowest level since 2018 Bunker Holding subsidiary predicts increased consolidation in bunker business Maersk Tankers seeks investors for new digital venture Wallenius Wilhemsen pleads guilty to cartel formation in Australia Top executives identify key barriers to shipping's climate efforts New technology in shipping is often used incorrectly Dry bulk rates increase 23 percent in one day Scorpio Tankers indicates yet another strong quarter The US sanctions another two ships for trading with Venezuela DSV Panalpina hires several employees from Zeamarine Media: Saudi Aramco fires hundreds of staff DNB's former head of ocean secures another board seat Scan Global made it through the start of the year in one piece – crisis delays growth plan Maersk Drilling CEO hopes for fewer competitors and rigs Maersk Tankers expects to get 10 percent more ships for its pools this year Hafnia praises Norden's new pool partnership with Diamond S Anders Grønborg leaves TFG Marine in sudden departure MPC will raise USD 15 million to weather corona storm Denmark to build large green hydrogen plant paid by The Netherlands APL container vessel released by Australian authorities Thorco Projects after new profit: "Things are going really well"Container lines could deliver combined profit of USD 9 billion in 2020 Production at Chinese yards down 20 percent Kuehne + Nagel checks off 10-year climate target Swiss authorities launch probe into Glencore's business in the Congo Key parliamentarian accused of being in the pocket of the shipping sector China to become self-sufficient in low-sulfur fuel this year Container carriers have taken Moody's by surprise BW Dry Cargo has sold four vessels in a month Close to one third of Maersk's seafarers have exceeded their contracts Stena Bulk ready to offer greener freight to its customers DSV Panalpina expects growth in second quarter – but sees ocean freight drop by up to 20 percent Equinor awards major contracts to Technip Trump says China deal "fully intact" after Navarro roils markets Two politicians waging battles about shipping's contribution to the carbon targets Maersk Training has lost DKK 180 million in five years DSV Panalpina could be headed for pre-corona result for 2020 KPI Bridge Oil more than doubles its operating profit after taxes Mitsui OSK Lines reduces fleet significantly Keppel's dispute with strained rig company takes new turn WTO no longer believes in worst-case scenario Asset manager: Maersk chairman holds "an excessive number of mandates"Shell announces major changes Ceva aims for profit in 2020 despite coronavirus: "We just have to fight harder"Only one of the world's largest container lines has increased capacity Shipbuilder Hyundai Heavy Industries will cut costs with reorganization Maersk Tankers' new digital venture aims for 1,000 ships this year Logistics company SDK in concrete acquisition talks Suez Canal extends discounts for tankers and dry bulk vessels Hin Leong Trading seen as a company without an independent future IMF now sees even deeper recession than previously Shipowner with Greek roots settles new debt agreements Tankers with 18 million tons Venezuelan oil are trapped at sea Organizations accuse shipping of failing to move on climate Maersk, Cargill and MAN invest big-time in center for CO2-neutral shipping Ceva in longtime legal dispute about past restructuring The battle for scandal-stricken Hin Leong's oil cargoes has begun Uni-Tankers considers investments in eco-design ships Clarksons expects significantly lower tanker rates for the rest of the year A.P. Møller test center wants to bring in more partners Report: Safety has to improve in North Sea after MSC Zoe's accident The UK will hold virtual summit to help stranded seafarers DHT loses contract due to delay, but gets a new deal with oil company Maersk hires new head of Asia Pacific from DB Schenker Owner puts sale of major bunker company in Singapore on hold Exmar's customer declares force majeure on lucrative Argentinian deal Trafigura extends credit facility for USD 4 billion in the US Dry bulk market expected to drop 2.4 percent this year BW Group open to selling stake in DHT Bunker company predicts significant price increase for low-sulfur oil in 2021 DHL chief executive doubts corona crisis will cause wave of acquisitions Container lines blank more sailings in third quarter Oil prices drop as second wave of infections hits Tanker vessel quarantined after coronavirus outbreak on board 650 personnel to leave DFDS Hapag-Lloyd halts waste shipments to China China oil titans plan joint crude buying to add market clout Norden orders four dry bulk newbuilds Bunker Holding books largest profit in the group's history 2,000 distressed seafarers seeking help to get off ships DFDS CEO on cost cutting measures: "We've now done what needs to be done"Aker BP awards major contract to sister company US to sanction even more tanker vessels Prosafe gets another one-month extension on its debt payments Norwegian shipyard risks bankruptcy – CEO leaves the company Wärtsilä to conduct engine test with ammonia in early 2021 Coronavirus has Shell booking impairments for USD 27 billion Kuehne + Nagel CEO on climate target: "It's a race we have to win"Double-flagged ships now allowed in Norway: Meant to prevent out-flagging Bunker Holding sees smaller competitors returning to market after oil collapse Svitzer recruits new European COO from Maersk Drilling Clipper sells spin-off company to Norway's Kongsberg Navig8 Chemical Tankers dissatisfied with result for 2019 South Korean yard with no new orders will reduce workforce J. Lauritzen splits the company in two – Mads Peter Zacho steps down Torben Østergaard's holding company reports growing profit Teo family could lose control of PIL following investment from Singapore Lauritzen Foundation is ready with fresh capital for its shipping companies Zacho bids farewell to J. Lauritzen: "We've weathered the storm pretty well"Lender asks Dof to repay loan amid restructuring Søren Toft announces starting date at MSC Bondholder wants MPC to withdraw crisis plan Scrubber producer has laid off or sent home many employees Clarksons: Maersk headed for improved operating profit in 2020 despite coronavirus Evergas wants to multiply result after selling loss-making fleet Stolt-Nielsen sees signs of more challenging third quarter 1 dead and 40 test positive for coronavirus at yard in Romania Low order book concerns maritime suppliers: "It's very scary"Former head of Total in Denmark launches energy consultancy Major banks join forces to avoid repeating Hin Leong scandal Pirates kidnap nine from BW Offshore vessel off Nigeria New oil discoveries hit lowest level in 20 years MPC revises proposal to bondholders after criticism Exxon Mobil incurs major losses following oil slump Borr Drilling is allowed to keep listing on the New York Stock Exchange Kleven yard files for bankruptcy Maritime & Merchant has helped several customers through the crisis The US will seize Iranian oil headed to Venezuela A.P. Moeller Foundation appoints new managing director Pacific Basin expects to impair fleet and record major loss One year in particular is at the center of the debate about shipping's climate efforts MPC Container Ships gets approval from bondholders for restructuring plan International alliance with CMA CGM to accelerate green transition in transport Risk Intelligence signs new contract with Asian oil and gas major Kvaerner sees signs of stronger second quarter Maersk buys Swedish logistics company CMA CGM-owned feeder line gets new CEO Maersk ship detained in large cocaine bust in Mexico Soaring oil volumes force fuel prices down Danish government will allow stranded seafarers to come ashore in Denmark Carbon quotas are key point of contention in decisive EU vote Maersk: Authorities have declined to help our seafarers Hafnia proposes to merge with Ardmore – Ardmore declines Maersk increases revenue from customs clearance seven-fold with new acquisition Ardmore rejects Hafnia proposal: Offer is too optimistic and too low Kleven's liquidator exploring interest in the distressed yard Klaveness company secures green credit facility Maersk following new logistics acquisition: "We don't need anything too broad and big"IMO issues recommendation for medical assistance to seafarers Creditors call for a new trustee in Stadil family's shipping bankruptcies Odfjell Drilling gets large contract for Norway's Sverdrup field Aker BP reverses loss of up to USD 150 million after oil rebound EU's environmental committee approves carbon quotas for shipping Broker: Hafnia should raise its offer for Ardmore and include cash payment DFDS resumes sailing on one of its main routes Container lines lost up to 35 percent of their stock value during coronavirus crisis CMA CGM ditches APL on Trans-Pacific routes Key employees at logistics company bag millions on Maersk acquisition Few female CEOs slow down more gender equality on shipping boards Norway bets on tech to cut USD 100 billion North Sea oil-well bill Dan-Bunkering's revenue dropped by USD 150 million Ship types could see their value increase by 30 percent in 2023 Study shows shipping cannot rely on new vessels alone to cut emissions Far more pure hydrogen to push EU toward climate targets Kvaerner books orders for billions despite revenue setback South Korea to introduce sulfur emission control areas from September 2020 looks set to be a year best forgotten for the supply ship sector Skov after Ardmore rejection: We need to see willingness from the other party Media: Kleven liquidator hopes for clarification soon After USD 9 billion credit hit, banks seek trade finance revamp Container lines preparing for meager Christmas season Authorities shut case on Maersk's out-flagging of scrapped vessels UN Secretary General wants shipping aid to align with climate effort Uni-Tankers vessel quarantined after two cases of covid-19 Several maritime nations to declare seafarers key workers Maersk Container Industry produced 2,000 fewer containers in February and March Scorpio's strained offshore company gets loan deferral The Lim family presented with two options for Ocean Tankers Analyst projects three survivors among listed rig operators Dan-Bunkering wants female board member within a year Hafnia continues hunt for Ardmore but will not raise its offer Danish Shipping calls for concrete action for stranded seafarers DHL presents projection for 2020 result This week's top stories on ShippingWatch Classification bureaus pull the plug on tankers with ties to Venezuela Cargo volumes on fronthaul voyages hit hardest during outbreak DNB's shipping loans shrink further Greece has the world's largest commercial fleet Six yards in Alang have been inspected by the EU – none of them made the cut Libya declares force majeure on oil exports as blockade renewed Trustee in Stadil bankruptcies disqualified – prominent lawyer takes over Infected seafarers from Uni-Tankers vessel have left the hospital MPC have reached the final step in recapitalization Singapore's economic corona downturn is without equal Hard-strained Aker BP returns to profit Kleven yard gets a new owner and changes name OPEC+ oil tensions ease after Saudis speak to Iraq and Nigeria Evergreen to raise USD 300 million to finance newbuilds Torm's new board member: "I'm used to there not being that many women"China starts testing methanol as ship fuel Widow after worker in Bangladesh allowed to pursue claim Greece's second-largest port enters partnership with Chinese port major Ship management company calls for concrete action after agreement about stranded seafarers Divestments give Total big profit Passenger business became a burden for DFDS EU again puts review of South Korean yard merger on hold Monjasa adds new bunker ship to Houston operations Thorco ordered to pay its Singapore manager in internal dispute Scrapping of container ships intensify after higher scrap prices Hapag-Lloyd presents preliminary numbers for the first half of the year Paddy Rodgers gets new board seat in shipping Distressed Flensburg yard FSG declines to guarantee jobs in case of sale Bimco chief disappointed by lack of support for stranded seafarers China's economy returns to growth amid global virus struggle Sembcorp CEO cuts his pay in half during coronavirus crisis Kleven subsidiary will be taken over by employees Fratelli Cosulich buys bunker vessel from Ocean Tankers MOL to transform CO2 into marine fuel Anders Hjarsø missed a funeral when the crew on Vuoksi Mærsk got stranded Two rig companies negotiate with lenders after missing interest payments Belgian police seizes 37 kilos of cocaine on board Ultrabulk vessel Oil majors enter agreement on CO2 emissions – but several already comply with it Denmark extends use of sniffer drone Aker merges subsidiaries into one supplier Scrubbers are still a weakness for Wärtsilä Danske Bank sees difficult conditions for restructurings in offshore and drilling Microsoft chief calls on shipping companies to include more women DB Schenker hires new head of ocean freight for Denmark Gunvor says trading and shipping thrived in second quarter Maersk changes crew in Panama - but situation is still not tenable Ceva maintains distance from its owner CMA CGM: "It's the only way"This week's top stories on ShippingWatch Maersk Drilling lands big deal Former BP employee found guilty of receiving a bribe from bunker chief Navig8 Chemical Tankers sells four vessels to leasing company Media: DP World in talks to buy Indian shipping and logistics companies Hapag-Lloyd wants a more ambitious 2050 climate target Oil trading company calls rumors "blatant lies"India and Denmark to allow crew changes for international seafarers 13 seafarers kidnapped in the Gulf of Guinea Chevron acquires US competitor in billion-dollar deal Aker ASA places bid on wind developer Container volumes drop 11 percent at Kuehne + Nagel DSME and Port of Rotterdam to develop ship technology through partnership Wilhelmsen acquires half of German ship management company Maersk joins forces with Nike, Mercedes-Benz and Microsoft in new green partnership Thomas Tindal-Lassen saw it coming when Maersk Drilling laid him off Alfa Laval's international business sees steep drop in scrubber orders Oil tanker titans to get little joy from OPEC+ opening the taps Media: Yang Ming adds three newbuilds to fleet Container shipping's emissions dropped in 2019 Wrist Ship Supply slowly nears owner's revenue goal Singapore investigates potential tampering with seafarer's corona test Scrubbers could take five years to payback with the current oil price Seven Seas Group restructures its Spanish business Media: PIL puts headquarters up for sale Ecco family buys tanker vessels through joint venture with Dee4 Oil analyst skeptical of prices over USD 50 Jeremy Nixon on hectic months for carriers: "It's really been quite a roller coaster ride"Swire Blue Ocean wins contract with MHI Vestas Offshore Wind Creditor wants Lim family's company under interim judicial management MAN moves to cut 4,000 jobs in big cost-cutting plan Cosco sets up new company with nine tankers South Korea goes into recession for the first time since 2003 Wrist Ship Supply expands in Spain Evergreen must improve its safety standards after cargo loss Port of Rotterdam saw lower throughput in first half-year Analysis: Oil service companies could benefit from energy transition Maersk and CMA CGM share vision for 2050 – but how will they get there? Ecco and Dee4 opt for long-term investment in tankers Equinor presents surprisingly good result amid covid-19 crisis Seaspan buys two container vessels ICS warns: Corona test tampering could shut down crew changes Aker BP criticizes state aid: "We didn't ask for tax cuts"Greek bulk carrier in no hurry to buy more scrubbers Big oil's worst-ever loss puts historic BP dividend cut in play Alexander Englund had more time for his daughter when DFDS closed down This week's top stories on ShippingWatch Clarksons appoints banker to board of directors Baltic Dry drops 23 percent in one week Hong Kong tightens crew change regulations OOCL boosts revenue in the second quarter Schlumberger to cut thousands of jobs after "challenging" quarter Hamburg Süd is still the most reliable container major Shipyard wins approval for ammonia-powered ship Oil trading profits soar for energy majors who made storage bets DSV accused of breaching controversial US law while shipping to Cuba DP World buys South Korean logistics company MAN Energy Solutions cuts 270 jobs in Denmark World's largest port operator hit hard by corona Container carriers have lost their two biggest critics among shippers Equinor criticized for its optimistic oil price projections Costamare charters out 24 ships amid corona crisis Owners demand solution for stranded seafarers: "Enough is enough"Container lines un-blanking sailings in the Pacific seen as sign of improved market Few customers opt for greener routes with Kuehne + Nagel – but the number is rising Iran guard corps starts military drills off Strait of Hormuz Clarksons predicts slow growth within LNG Singapore's Keppel shipyard significantly impacted by low oil price Ardmore Shipping books profit in first interim report after acquisition attempt Risky Danish oil drilling postponed due to coronavirus Maersk Drilling takes step toward carbon negativity Højgaard says "a few rotten apples" have cast unfair doubt on crew changes Ardmore CEO open to the right merger despite rejecting Hafnia Lundin delivers solid growth amidst major crisis "It seems a little scary, but we have to do something"Container ship orderbook hits lowest level in 20 years Corona outbreak casts a shadow on outlook for DSV Panalpina PIL's deal with Heliconia ensures fleet operations here and now Japan to support its shipyards with new financing scheme Subsea 7 divests ships following major loss Total books gigantic impairment in second quarter Wrist's major acquisition forced its CEO to forget about the bottom line Oil tankers' strange trips reveal a stubborn glut of diesel Shell and Total book asset impairments totaling USD 25 billion Pacific Basin impairs fleet by USD 200 million US economy shrinks at record 32.9 percent pace in second quarter Maersk Tankers and V.Ships close to deal on vessels from Hin Leong's fleet Keppel reports USD 390 million loss in first half-year Contango secures tanker carrier d'Amico a strong result DSV Panalpina powers through covid-19 and performs surprisingly well World Fuel Services worried about increase in covid-19 cases Prosafe continues negotiating with creditors about expired debt agreement Container rates maintain stable level Danish suppliers criticize new subsidy scheme for Japanese yards DSV Panalpina aims to become the world's third-largest logistics company Glencore follows oil majors reaping bumper trading profits This week's top stories on ShippingWatch Maersk scraps its largest container vessel to date US supermajors book major losses off oversupplied virus quarter's demand crash Maersk Drilling's CFO resigns from the company Hurtigruten cancels voyages after contagion aboard passenger vessel Logistics companies deliver widely different performances for second quarter Flensburg yard settles agreement with investor: Half of workforce saved Former Maersk exec to grow Toll Group in Asia ONE reports significantly stronger result for first quarter Multipurpose rates down USD 1,000 per day since February Norden hit by Ukrainian fraud case concerning false invoices Former key Maersk executive moves to Hapag-Lloyd Yet another rig company files for Chapter 11 MAN Energy Solutions' owner demands profit to call off plans to sell Scorpio Bulkers enters market for offshore wind Scorpio Bulkers lost USD 170 million in first half of 2020 Shell expands number of LNG newbuilds to 14 BP books billion-dollar loss and halves shareholder dividend Danaos sees rates climbing and demand improving Diamond Offshore Drilling sees "substantial doubt" about continuing operations Union Bulk has gotten new partner and expects solid profit for its first year Dorian doubles result in its first quarter MAN Energy Solutions' Danish employees face wage reductions Ukrainian port agent denies all accusations of invoice fraud IMO's fourth climate report reveals increasing CO2 emissions from shipping Former chief executive back at the helm of OOIL Huge explosion rocks Beirut, with dozens dead and thousands hurt Obsolete oil wells leak tonnes of methane in the North Sea Important container tradelane continues to struggle under coronavirus Another Japanese carrier plans to reduce fleet significantly before 2025 Chief executive rejects sale of Toll Group Co-author on much-awaited IMO report: This is extremely alarming DP World's volumes decreased in the first half of the year Lebanon's main port destroyed completely in Beirut explosion See how 14,000 tonnes of steel was removed from the North Sea Will Singapore take over Keppel and merge it with Sembcorp Marine?DFDS wants to buy stake in Italian terminal Two CMA CGM staff members seriously wounded after Beirut blast Broker sees need for wave of new offshore wind vessels Euronav earns half a billion dollars in the first half of 2020 Star Bulk signs leasing arrangements for 16 vessels Glencore scraps 2020 dividend as it pours cash into trading Strained rig company lost USD 1 billion in the first half-year Genco sells ships and reports deficit for second quarter Researcher describes the IMO's climate target for 2030 as inadequate Anders Boenæs to play crucial role in Hapag-Lloyd's 2023 strategy Scorpio Tankers expects weaker market after USD 144 million profit Coronavirus makes order book plunge to 17-year low "Global shock" sends Eagle Bulk deeper into the red in second quarter CMA CGM employee has died after explosion in Beirut Norwegian COO steps down after coronavirus outbreak aboard vessel Fincantieri injects capital into Norwegian yard after new major deficit Aker companies working on energy island in North Sea One in six Norwegian oil jobs could disappear before 2022 Euronav's fuel bet has regained some of its lost value Ammonia could fuel a third of the global fleet Mauritius threatened by oil catastrophe – beached capesize leaks oil Several container shipping companies' offices destroyed in Beirut Eldar Sætre resigns from Equinor Female leaders: Stop talking about gender – we are already moving in the right direction Borr Drilling appoints new CEO HMM sells stake in former Hanjin terminal to CMA CGM Tanker operators facing far better third quarter than expected Klaveness CEO wants the industry's climate target raised to a clean zero by 2050 V.Ships: Coronavirus outbreak has shut down more than 80 percent of Asia's ports Growing fears of environmental disaster in Mauritius: Ship risks breaking in half Svitzer's new CEO makes key appointments in internal reshuffle Singapore withdraws offer of billion dollar investment in Keppel Coalition behind CO2-free ships: Climate study is a landmark reminder IMO opens up for key meetings again: Decisions to be made digitally Aramco's profit drops 73 percent "It's still more respectable to be a homemaker"Higher tanker rates send DHT's earnings soaring MPC chief executive is "cautiously optimistic" about 2021 after landing rescue plan Container lines lost 7 percent of their volumes in first half-year Norden adds three bulkers to its fleet Five dry bulk operators have lost USD 600 million in six months Shipowners call for billions of dollars for R&D instead of new climate targets Maersk Tankers hires CCO from telecommunications company Scorpio's offshore company files for Chapter 11 in the US DFDS upgrades after big setback in second quarter HMM books profit in the second quarter with help from large ships and alliance MAN Energy Solutions ready with ammonia engine in 2024 Container lines resume work in Beirut's terminal after explosion HHLA's result drops 50 percent in tough first half V.Group assumes management of 16 Xihe vessels Sembcorp Marine gets go-ahead for de-merger from shareholders Coronavirus pandemic is "extremely worrying" to d'Amico "This is significantly better than we thought"Seapan's fleet utilization remained stable in second quarter Lightship chairman after losing brokers to competitor: A setback Oil service sector at lowest level in a decade US accuses Iran of detaining tanker ship in Strait of Hormuz Damaged bulker near Mauritius almost emptied of oil Shipping companies' bet on LNG as fuel is now reflected in environmental stats 2020 Bulkers reports million dollar profit for second quarter Teekay delivers profit for second quarter: Coronavirus had minimal impact Former DSV and Kuehne + Nagel executive plans to double Leman's revenue Container surpasses tanker in scrubber installations Concordia projects muted tanker market for remainder of 2020 Poor welding quality delays Equinor's mega ship for Johan Castberg Maersk Drilling loses USD 1.5 billion in first half-year Hapag-Lloyd increased earnings while coronavirus shut down the world Diamond S has delivered most of its ships for Norden partnership Viking Supply Ships reports SEK 132 million loss for first half of 2020 Court appoints new management for Lim family's ship-owning company UK freight forwarder backed by tech titans wants to challenge DSV and Maersk Oil collapse was a welcome help for Hapag-Lloyd Maersk Drilling is ready to participate in consolidation of strained rig sector Hin Leong founder charged with fraud by Singapore police Søren Skou lists three qualities a skilled leader must possess Kim Ullman projects strong tanker market in 2021 and 2022 Western Bulk reports smaller deficit for first half of 2020 Stranded ship off Mauritius has broken in half Torm books strongest half-year result in 12 years MAN Energy Solutions acknowledges methane problem: Working on three solutions Maersk Drilling has said goodbye to nearly a third of its employees Increased risk for ships carrying US cargoes in Strait of Hormuz Maersk and MSC have lost market shares on key tradelane Anglo-Eastern's CEO on stranded seafarers: "Many vessels will be at a standstill"China heralds large-scale oil import DSV could be interested in parts of Australian logistics major Toll Chevron on shipping's move to VLSFO: Fears of poor oil quality put to shame Meldgaard's uncertainty about the third quarter evaporated over the summer Tehran says ships targeted by US were holding Iranian fuel Nordic American Tankers grows its profit in the second quarter Greenpeace demands MOL takes responsibility for Mauritius disaster Golden Ocean lost USD 41 million in the second quarter China is concerned about price developments in the Pacific Norwegian employee at DNV GL accused of Russian espionage Container terminal in Hong Kong is center of new coronavirus outbreak Yet another large offshore carrier announces significant fleet reduction The coronavirus crisis taught container lines how to make money "We need to earn money now, that's our primary focus"Unifeeder buys shipping and logistics company in India Maersk expects even better operating result for 2020 Norden earns USD 22 million on its tanker business in second quarter Hapag-Lloyd will wait to set explicit long-term climate target Klaveness returns to black in strong tanker market Espionage-charged DNV GL employee was head of 3D project Crew change problems could bring Maersk ships to a standstill Evergreen delivers profit on record rates in the Pacific Norden in new tanker collaboration: 25 employees will lose their job Shipping associations on the sulfur switch: Far from devoid of problems Maersk's fleet shrank by 57 ships in the second quarter Valaris applies for bankruptcy protection Wallenius Wilhelmsen's earnings plunge 40 percent Odfjell rides on the wave of a strong chemical tanker market Wintershall takes plunge after low oil prices DFDS is betting on three horses in race to meet climate targets Prosafe CEO describes 2020 as a lost year "We acted much differently than during the global financial crisis"Maersk tanker anchored off Malta with migrants for 16 days: We need a solution now Espionage-charged DNV GL employee worked for 50 customers Odfjell hires its first chief sustainability officer Norwegian car carrier earmarks more money for protracted cartel case European nations reject US demand for reimposed Iran sanctions Norwegian bank DNB looks set to become shareholder in drilling major Media: Pirates attack tanker off the coast of Somalia One year after major acquisition DSV has defied both a pandemic and cultural clash Belships in the red: Lockdowns during corona "eliminated" recovery Wärtsilä and MAN Energy Solutions race to build ammonia engine 14 crew members missing after ship catches fire Shipping associations want regulations on hazardous materials postponed for a year OOCL maintains profit in first half of the year EU and US agree to remove extra tariffs on a series of goods Saudi Arabia's Bahri orders ten new chemical tankers Analyst firm now predicts large profits for container lines Former Maersk executive charged in alleged bribery case in Brazil Drewry projects big growth in reefer market in coming years "It's a widespread misunderstanding that it's a matter of getting the lowest rates"Maersk invests in Australian logistics startup Maersk looks for specific competencies rather than size in search for acquisition targets Lloyd's Register finds new CEO internally Oil company shuts Norwegian office and announces layoff plans Media: Zim considers IPO abroad Seadrill heralds comprehensive restructuring after new major deficit HMM to test biofuel on its ships Thor Stadil could be forced to leave his life's work following shipping bankruptcy Maersk's Russian port operator grows its revenue despite coronavirus Floatel acknowledges "unsustainable" situation after huge impairment Norwegian asset manager Storebrand drops investments in oil and coal Container volumes in Chinese ports dropped in first half of the year Major impairment drags GC Rieber into the red Rolls-Royce establishes unit to develop zero-emission solutions Drilling share set to be delisted in the US Singapore approves merger of South Korean shipyards The inactive container fleet hits lowest level in 2020 Virus outbreak halts Nordic Shipholding's merger talks Maersk's offshore carrier wants to participate in booming wind market: "We're strongly positioned"Seadrill could end up in new Chapter 11 Havila Shipping impairs the value of its fleet BW Energy reports profit for second quarter Wallenius Wilhelmsen taps bond market for more than USD 200 million Prosecutor: Maersk profited significantly from alleged bribes in Brazil Frontline books USD 200 million profit in the second quarter BW LPG delivers yet another large profit Optimism put to the test at Danish Ship Finance after new loss Team Tankers reduces loss after Maersk collaboration Thor Stadil hits back at creditors: "There is no substance to those cases"APM Terminals expands port in West Africa Odfjell Drilling enters offshore wind Siem Offshore impairs fleet by USD 250 million A myriad of projects are working toward the ultimate goal: A climate-neutral ship Oil drops from five-month high with hurricane heading inland Hunter Group has now taken delivery of all its tanker newbuilds Ziton gets fresh capital from equity fund Hafnia books best quarterly result to date Norwegian ferry operator reports massive deficit in first half of 2020 Borr Drilling books USD 110 million loss Sovcomflot grows its result by more than 50 percent in first half-year Thorco companies were most likely insolvent already in 2016 Scorpio's offshore company appeals NYSE delisting XO Shipping launches ambitious 2023 plan Nearly one in five supertankers are currently inactive John Fredriksen appoints new CEO of Seatankers Maersk Drilling receives million-dollar contract extension Singapore takes new steps to help bring seafarers ashore Hafnia invests millions in methanol project CMA CGM has set a climate target but the path to get there is unknown Thorco ships sold to German shipping company Stolt Tankers buys five chemical tanker vessels Hin Leong founder and his children sued for USD 3.5 billion MPC sees several signs of improved container market Container rates keep climbing while shipping lines deploy more ships Cosco reports profit of almost CNY 2 billion for first half of the year Maersk about to announce large-scale reorganization Solstad impairs its fleet value by almost NOK 1 billion Celsius Shipping's first LNG ship will sail for Gunvor's shipping unit Creditors send restructuring proposal to Seadrill Here are the details of Maersk's new plan New wind installation vessels must be ready for the offshore wind turbines of the future NTG hit a wall during the crisis: We lack scale at sea Layoffs and managerial change prepare Maersk to embark on the 20s Offshore company awarded contract off Trinidad & Tobago Two people killed during cleanup after oil spill in Mauritius Analyst: Maersk's new plan casts doubt on the future of the Hamburg Süd name This is your shipping calendar for June 2021 Two auditors from Deloitte fined for their roles in OW Bunker Bunker company impacted by Hin Leong scandal Nordic Shipholding has four months to find a solution Mauritius demands USD 34 million from Japan after oil spill Frontline predicts unusually tough winter for tanker shipping companies Chinese holiday makes container lines void sailings Commodity trading major buys stake in Maersk Tankers' digital venture DFDS reveals details about its plans to go climate neutral Rig operators have impaired for billions of dollars – several will have to fight hard to survive Eimskip performs better than expected: "I am quite pleased"United Heavy Lift employs former senior exec from Zeamarine Coast guard searching for ship with 43 seafarers on board HMM and terminal major PSA form joint venture Synergy disappointed by IMO during crisis with stranded seafarers DP World and Canada fund plan USD 4.5 billion of port investments Equinor blames DNV GL for errors aboard mega vessel Wilhelmsen owners pocket NOK 900 million in dividends in five years Former Baltnav partner to head Norden's handysize business in Asia CMA CGM stands up for LNG after criticism of methane pollution Haldor Topsøe wants to supply green ammonia for shipping in two years Container rates reach eight-year high – but challenges loom ahead Uggla criticizes authorities in migrant case: "Deeply concerning"41 seafarers still missing after shipwreck near Japan The UK issues 113 new oil licenses and takes a break US adds 11 companies to sanction list Tanker with 2 million barrels of oil catches fire off Sri Lanka Consortium has breakthrough with carbon capture Unifeeder CEO after new acquisition: "You can never say that you're done"Maersk highlights biggest stumbling block in green transition Color Line slashes costs and plans to lay off 300 employees Stena Group's half-year result heavily impacted by corona pandemic Maersk Tankers and migrants caught in political deadlock CMA CGM Group delivers significantly stronger operating profit Container freight back to normal levels despite Covid-19 crisis Saudi Arabia cuts oil price Golden Ocean hires new CFO from Avance Gas Malta denies responsibility for migrants aboard Maersk ship Fire aboard supertanker is put out Engineering firm: Some scrubbers need repairs after six months Norwegian billionaire investor considers selling major stake in Transocean Saudi Aramco forced to pay to dividends despite coronavirus pandemic European Commission cannot help stranded migrants aboard Maersk Tankers ship Toll Group's deficit grows to almost half a billion dollars Singapore extends block exemption for container lines Competitor targets Damco's customers in the wake of Maersk's new plan Sovcomflot orders 10 LNG vessels together with Russian partner Synergy Group expects to maintain 30 percent growth rate Vessels with scrubbers look like the biggest sulfur cap losers Denmark in dialog with Tunisia about fate of migrants aboard Maersk ship United Heavy Lift rides wave of new hires and ships Former employee of well-known bunker company charged with bribery Maersk wants 900 headquarter employees work from home Shipping companies should keep an eye on three elements in environmental legislation CEOs at Hafnia, Stena and Euronav all publicly support Maersk Tankers Navig8 Chemical Tankers improves results Kitack Lim demands solution for stranded seafarers as soon as possible CEO on past drilling mergers: "A pure catastrophe"California route is now the most lucrative for container lines 2020's corona crisis likely means oil demand peaked in 2019 Birthday celebration behind Mauritius ship disaster Torm settles with Asian shipowner in case related to tankers Migrant crisis has ships going off radio and rerouting near Malta Jutta Paulus ahead of vote: Carbon quotas could be pushed back one year Capesize rates cut in half in just a few months: "The spell is wearing off"Solstad to buy back debt of nearly NOK 1 billion Danish prime minister and EU president have discussed migrant crisis on Maersk Tankers vessel Media: Exxon has to find USD 48 billion Equinor and BP join forces on US offshore wind The creditors' lawyer to continue as trustee of Stadil bankruptcies Tradelens is well on its way to integrate Maersk rivals on the platform The Alliance voids more sailings in October Europe has no overview of China's strategic acquisitions in the Union Asia sees surge in piracy and crime at sea Supertankers again in play as floating storages Norwegian offshore shipowners expect record number of stacked ships in 2020 Sohmen-Pao says a significantly higher CO2 tax is needed to make ammonia attractive Søren Skou warns against increase in protectionism after corona crisis Increase in claims sends Skuld into the red in first half MOL earmarks USD 9.4 million for clean-up after oil spill near Mauritius EU Parliament committee demands 60-percent CO2 reduction by 2030 Politicians cast doubts on final destination for migrants on tanker vessel Scandinavian bank shuts down oil and shipping fund after 23 years Traxens enters partnership with Cosco – deal with Maersk is dragging out Shipping is searching for its Airbus moment in showdown with EU Major mining group BHP sets requirements for shipping in new climate strategy Doctors and medical personnel have attended to migrants on Maersk ship Container lines summoned to meeting in China within next few days Migrants from Maersk Etienne moved to NGO ship Uggla criticizes EU in case about Maersk Etienne Stranded migrants from Maersk Etienne come ashore in Sicily Container rates between US and China climb to record highs Oil giants invested large sums in dubious Angolan research center Almost 70 rigs are set to join crisis-stricken drilling sector BP: Global oil demand has likely already peaked German shipowner divests and fully exits dry bulk Chinese holidays could trigger more blank sailings between Asia and the US EU's 2030 climate target talks now start in earnest Banks have largely stopped lending to offshore: "Almost everyone is undergoing restructuring"Hunter Group brings VLCC back again Desmi owner calls off sale Leaked draft: Shipping to be included in EU Emmissions Trading System Ocean Yield books another major impairment on FPSO Seadrill buys shareholders out of Asia Offshore Drilling IMO calls on member states to solve issues with stranded seafarers Bunker Holding subsidiary brings former OW manager to Hamburg Blue Water hit by cyber attack China plays key role in dry bulk rates for the rest of the year Ferry operator Fjord Line to send home and lay off up to 200 Leaked draft keeps door open to more comprehensive quota system European politicians want ambitious carbon regulations Wilhelmsen buys offshore wind service group US violated trade rules with tariffs on China, WTO says EU accepts container lines' major rate increases CMA CGM's LNG-powered megamax ship to hit the water soon Seadrill enters forbearance agreements with certain creditors Maersk uses excess capital to buy up own debt German bank profits from its competitors' exit from shipping Media: China to launch probe if container lines increase rates further German shipowners on quota system: EU should concentrate on global regulations Media: Sovcomflot plans IPO in Russia DP World to explore infrastructure developments in Israel DFDS in talks with French authorities about wage compensation Shippers say they paid the bill for the container lines' party Major bank: Mærsk, Fredriksen and Odfjell should join forces in drilling OOCL resumes several blanked sailings from China to the US Scorpio Tankers beat its rivals in all-time high tanker market RAL Chief Executive after criticism of Eimskip partnership: Our service is the same Major supply ship operator points to upwards of 700 demolition candidates European Parliament votes in favor of tighter climate requirements for shipping Jens Martin Jensen appointed CEO of tanker owner Athenian Holdings Shipowners' associations warn against EU's quota system Wilhelmsen heirs offer to buy out CEO and family Maersk Drilling will halve carbon emissions from its drilling activities in the coming decade Kristin Holth awarded seat on Gaslog's board of directors Japan sends team to Mauritius to investigate grounding incident New operators fought their way through coronavirus crisis: "It's been tough"Container rates climb for eight consecutive week Ziton to bring in EUR 100 million in equity offering IBIA: Coronavirus crisis could trigger double-digit drop in demand for bunker oil Shipping profiles race to conquer booming wind market Maersk and Hapag-Lloyd want more mid-sized customers Euronav's CEO points to hydrogen and ammonia as the fuel of the future Novo Nordisk to suppliers: Switch to green transport or lose us as a customer Drilling company loses contract with BP ahead of schedule Half-empty inventories in the US are good news for container lines Fjord Line details layoff plans – some could be rehired OSM Maritime close to taking over company from Fredriksen carriers DSV scrambles for container slots on the Pacific Maersk resumes blanked sailings on the Pacific Scrapping of old tankers reach 30-year low Oaktree has upped its stakes in both Torm and Ardmore Shipping ITF issues stern warning: Coronavirus exceptions must not become permanent Mining major to transport iron ore on LNG-powered vessels Maersk family gives Kristin Holth another board seat Port of Antwerp plans shift to methanol Jet fuel is now so cheap it is being blended for use by ships Dry bulk operator enters ship management Container lobby warns: European quotas will complicate IMO's climate work Skou to 70,000 employees: Tell me about inappropriate behavior CMA CGM launches LNG-powered mega vessel Transpacific boom causes delays and container shortages for DHL on key route Medium-sized container ships hit highest rates in nine years China aims for climate-neutrality by 2060 Analyst firm: Scrubbers have a lower carbon footprint than VLSFO Norden upgrades guidance – dry bulk business is a driver Borr Drilling secures financing and plans to raise further capital EU countries looking for shortcut to India for end-of-life cargo ships Rusty cable caused accident on Torm vessel Aker Solutions bags major electrification order on oil field MPC Container Ships appoints new CFO Maersk acknowledges that there has been a container shortage for months DSV share surpasses DKK 1000 for the first time Nordic American Tankers orders two new ships "With an old-fashioned shipping model, we wouldn't have had a good year"CMA CGM buys 30 percent of French airline Norwegian shipping and oil magnates have lost billions of NOK in 2020 Media: South Korean yard prepared to make concessions for EU merger approval Seadrill subsidiary's offices searched in connection with Brazilian corruption case ONE partner projects better 2020 after rate boom on Pacific Henriette Thygesen wants the UN to help solve the crew change crisis "We must acknowledge that there's a political will to introduce CO2 quotas for shipping"Norges Bank projects drop in Norwegian oil investments ahead of 2023 Trøim's latest IPO hits problems as CEO is accused of corruption Danske Bank doubts loans for ships with climate footprints by 2030 Hapag-Lloyd in talks with shipyards about buying mega vessels Nordic shipping dynasties share a similar fate in oil downturn Scorpio Tankers settles leasing deals for eight ships and secures funds for scrubbers New report: Shipping needs to get started on green fuels now Borr Drilling extends equity offering deadline Logistics companies face big dip in cargo volumes in 2020 Trafigura proposes CO2 tax of up to USD 300 per ton on marine fuel Eimskip under scrutiny in Iceland – sold vessels ended on the beaches of India Hin Leong founder hit with new charge Maersk Supply Service and Ørsted plan ship-charging trial IT issues shut down CMA CGM websites Analyst firm: Tougher competition between the world's ten largest container lines Equinor commences billion-euro expansion Hapag-Lloyd expects container availability to remain a challenge for months Monjasa has navigated through sulfur regulation, pandemic and oil collapse in 2020 CMA CGM confirms cyber attack 17 seafarers have tested positive for coronavirus on Oldendorff vessel DHL to offer carbon neutral freight of small goods Bondholders ready with loan for strained Valaris Scorpio Bulkers kicks off wind venture with sale of dry bulker Container lines' schedule reliability fell to new low in August Borr Drilling postpones capital injection deadline again Shipping's climate exam could be made more difficult by the pandemic Sovcomflot to raise more than USD 500 million on the Moscow stock exchange Norwegian scrubber producer to raise millions for hydrogen project for ships Hamburg's biggest terminal operator enters Italy with new investment Bimco nominates its presidential candidate for 2021 Silence from CMA CGM about cyber attack confounds observers CMA CGM releases new update on cyberattack: Operations are functioning Keppel considers sale of offshore business Chief exec of Trøim's latest IPO goes on leave following corruption accusations ZIM confirms plans for listing and hires bank to help Analysts see new guidance upgrades in store at Maersk Borr Drilling founder Trøim subscribes to shares in equity offering Peter Norborg steps down as CEO of Clipper Seadrill extends forbearance period with its creditors Perfect combination sends container lines' operating margins soaring Wärtsilä appoints new chief executive René Kofod-Olsen becomes new CEO of V.Group Esvagt secures millions of dollars to kick off new wind venture CMA CGM suspects data breach from cyber attack This is your shipping calendar for January 2021 This is your shipping calendar for February 2021 This is your shipping calendar for March 2021 This is your shipping calendar for April 2021 This is your shipping calendar for May 2021 This is your shipping calendar for July 2021 This is your shipping calendar for August 2021 This is your shipping calendar for September 2021 This is your shipping calendar for October 2021 This is your shipping calendar for November 2021 Peter Norborg reveals new job day after exit from Clipper Seadrill announces new CEO amid talks with creditors Mads Meldgaard and two others leave Team Tankers Clipper's new CEO plans to buy more ships after tough years DSV Panalpina hires new head of sea chartering from SAL Heavy Lift IMO hit by cyberattack Seafarer admits to knife murder aboard MSC chartered vessel BP Singapore oil traders leave after probe on disputed deals Shipping nations join forces in surprise proposal ahead of new climate meeting Fund director replaces longtime member of Monjasa board This is your shipping calendar for December 2021 Dee4 Capital Partners to expand its fleet with credit arrangement Strained offshore ship operators continue talks with creditors Maersk fined in Denmark for violating the firearms act EU leadership sets the stage for state aid battle Equinor shaves 30 percent off exploration budget Maritime startup adds dry bulk carrier to roster with over 200 ships signed up "I haven't been struggling making the uncomfortable decisions"New ownership structure underway for Christiania Shipping Wintershall Dea completely electrifies Germany's biggest oil field S&P upgrades its outlook for CMA CGM Container lines' rate boom can be explained by one key driver in the US Hackers may have gained access to information about 1400 Blue Water employees North Sea rig strike escalates and shuts down four oil fields Standard & Poor's raises Hapag-Lloyd's credit rating Two subsidiaries under CMA CGM are now fully back online after cyberattack Shipping nations' joint proposal lacks concrete content CEO leaves Maersk partner due to alleged ties with Jeffrey Epstein's ex Bunker CEO charged in case of oil theft from Shell Euronav sells tanker at a profit after just 11 months of ownership Frontline and Euronav remain optimistic in spite of new oil peak scenarios Moody's raises the outlook for Maersk to "positive"Svend Andersen returns to multi-purpose with Intermarine takeover Equinor criticized for plans to take advantage of climate summit MSC believes in hydrogen as the future fuel for the container sector Exxon Mobil plans 1,600 job cuts in Europe Shipping executives are more worried about an economic crisis following covid-19 Startup with Hapag-Lloyd among its customers targets bigger slice of digital shipping market Hafnia ready with dual-fuel methanol vessels in 2024 Major merger creates new British oil giant All commercial vessels in Nigeria now have three months to get their papers in order Former director of bunker company sued for more than USD 150 million Transocean once again fighting to avert bankruptcy IMF sees global economy on track for recovery The world's biggest bunker port will expand its LNG capacity Frontline CEO Macleod steps down MAN and DSME get approval for ammonia-powered mega-ship design Cargill, Trafigura and Norden want shipowners to publicly disclose CO2 emissions PwC looking for buyers for bunker supplier in Singapore China is building mega refineries just as fuel demand stalls Court allows case on unfitness against Thor Stadil and Thorco execs Two container lines in particular benefit from booming freight rates on Pacific Equinor hit by major bills and delays on prestige projects Strike threatens production at Equinor's biggest oil field Stormgeo-owner wants to drive consolidation in route systems for shipping BW Group acquires stake in company developing bio fuels Billion-dollar expansion of biggest Nordic refinery dropped after climate protests DHL raises its full-year guidance Stolt-Nielsen expects strong chemical tanker market to continue Booming rates boost container lines' appetite for newbuilds Shipowners disappointed by the EU's migration pact: Merchant vessels are not included Partnership to supply LNG for Singapore and Europe V.Ships appoints new managing director for Germany Total withdraws from latest oil tender in Denmark Swire Blue Ocean pursues IPO in Oslo Only one bidder left for Denmark's eighth oil license tender Eimskip will soon take delivery of last ship for RAL partnership Norwegian shipyard extends shutdown following new Covid-19 infections Svend Andersen on comeback: "I didn't think I would be the chief executive ever again"The coronavirus crisis takes a big toll on suppliers' revenue Opec does not expect biofuels to play a significant role in the coming 25 years Container rates withstand traditional pressure from China's Golden Week Rolf Habben Jansen predicts long-term coronavirus consequences Equinor admits major US failure: "This is tough reading" DSV Panalpina upgrades full-year guidance CMA CGM's systems up and running again after cyberattack Container market resumes growth - but demand is lopsided Japanese carrier orders two zero-emission electric-powered tankers Danish government creates work group to avoid new Maersk Etienne situation Two factors determine whether fuel cell engines become successful France's Le Havre port to collect dirty washwater from scrubbers Norwegian oil strike called off Shipping will feel the US election on two points in particular Container majors' schedule reliability has gone down over the past nine years Analysts see new acquisitions on the horizon at DSV after major upgrade Hygo gets new CEO after corruption accusations against former chief exec IEA sees oil demand suffering long-lasting blow from coronavirus China Navigation bets on project cargo with former Zeamarine employees Maersk lays off 2000 employees and upgrades its full-year guidance Offshore operator under Chapter 11 sells off its fleet Strong industry forces want focus on carbon neutrality at MEPC Analysts disagree on when the tanker market will recover China will allow crew changes in ten ports Maersk layoffs will not affect the group's headquarters CO2-neutral vessels could be ready as early as 2024 CEO of family-owned yard group steps down after 22 years Hunter Group to collect data from its tankers Fjord Line to lay off employees again - CEO steps down Ferry operators bag new Brexit contracts totaling more than GBP 70 million Shipping employees are looking to re-locate closer to home after coronavirus Pacific Basin's vessels see 10 percent higher earnings CMA CGM refinances loan of more than EUR 500 million Seaspan kept ships from being returned during the pandemic CMA CGM's new LNG vessel sets record Greece's minister for shipping lashes out at EU's carbon quota plans Hapag-Lloyd gets highest credit rating from Moody's since 2010 Strained PIL asks for another postponement of its 2019 report Maersk Tankers and Torvald Klaveness urge shipping to embrace regional climate regulation APM Terminals sees growth opportunities during the pandemic Kidnappings of seafarers increase big-time the Gulf of Guinea Hapag-Lloyd upgrades 2020 guidance after strong third quarter Navigare buys two dry bulk ships from Scorpio Stena Line to deploy two new ferries in the Baltic Sea next year Klaveness CEO: The battle about CO2 quotas on shipping is lost Trøim's gas company gets some much-needed tailwind with contract in Brazil CMA CGM and MSC complete their Tradelens data integration Singaporean shipowner to test biofuel aboard tanker vessel Maersk writes off hydrogen as fuel for containerships in the short-term Norden sells tanker vessel after brief ownership Transocean faces criticism after layoff round: "Has created a culture of fear"Svitzer expands its business in Germany Scorpio Bulkers has sold ships for more than USD 100 million in one month Strained Seadrill books new contract in the Gulf of Mexico Maersk terminates agreement with DB Schenker after attempt at hijacking customers Six green NGOs warn IMO against watering down carbon target Former energy minister set to join Solstad board The global fleet of container ships is developing in two directions Zim appoints new chairman Outgoing Ørsted CEO to join A.P. Møller Holding as advisor Textainer sees container shortage persist well into 2021 Transocean gets warning from New York Stock Exchange Golden Ocean makes third change to management in less than a year Maersk Tankers: Regional regulations could create clarity for the sector US oil giant to acquire rival in billion-dollar transaction US agricultural sector criticizes container lines DSV: The financial crisis was worse than the corona crisis Kuehne + Nagel saved CHF 77 million on personnel during Covid-19 Hin Leong's bunker company has licenses revoked in Singapore Total delivers carbon-neutral LNG Crisis-stricken Ocean Tankers to return all vessels to shipowners Fjord Line cancels sailings between Denmark and two Norwegian cities Russian agents charged with large-scale cyberattack against Maersk Norwegian offshore wind sector wants billions of NOK from government for development Solstad gets green light for restructuring: "A new beginning"Color Line sends 400 employees home Global order book for new commercial vessels at 30-year low Eimskip reports increased earnings for third quarter Maersk Drilling bags USD 30 million contract in Angola European container lines exit coronavirus crisis with improved credit ratings Shell's shipping chief sees hydrogen as the best contender for fuel of the future DSV prepares for peak season by adding air freight capacity Mauritius court denies bail to captain of sunken Japanese ship Viking Line hit by plunge in sales - government steps in with million-euro loan Throughput drops in Rotterdam: Too early to say whether the worst is over V.Group adds 41 container ships to portfolio Scorpio sells another dry bulker Investigation points to dangerous cargo as likely cause of fire on Maersk Honam Offshore sector accounts for more than half of DNB's non-performing loans Wallenius Wilhelmsen's billion-dollar contract at risk after complaint in the US BP's market value drops to 26-year low Carsten Trolle provides behind-the-scenes look into DSV's acquisition process Alfa Laval's order book shrinks More diesel in ship fuel raises risk it may turn into sludge Maersk's former climate director lands new job outside shipping Port of Rotterdam introduces long-awaited bunker license next year Wilhelmsen and partners get EU millions to develop hydrogen-powered ship BW Offshore liquidates subsidiary and expects new large impairment Equinor's CFO steps down – replacement found internally DFDS upgrades its 2020 outlook again Japan's NYK Line buys Total out of LNG company Gas leak at Tyra field had two people in mortal danger Danske Bank points to the climate winners and losers in shipping Wärtsilä hit by low ordering activity Nordea lowered its exposure to shipping and offshore DFDS' cost reduction measures increase layoffs by 150 employees IMO meeting criticized for postponing tough discussion OOCL lifted both revenue and volumes in the third quarter Robert Bugbee heralds Scorpio's full exit from dry bulk Large fuel bill has been turned into billion-dollar savings for container lines DP World expects stable year after growth in container volumes Endofa doubles claim against former partner China to manifest its growth dominance with new five-year plan Special forces free hostages from oil tanker in the English Channel Maersk wants to copy Uber and Booking.com to conquer untapped billion-dollar market Fierce criticism of IMO meeting: "Financial interests beat out green ambitions"United Heavy Lift opens office in Houston Container lines increase capacity on the Pacific big-time One in four floater rigs could end up as scrap following the pandemic Maersk aims harsh criticism at IMO after climate negotiations Container executives expect US import boom to slow down Portchain launches pilot with German container port US introduces new round of sanctions on Iranian oil companies BP books modest third quarter profit Scorpio Bulkers books major deficit for the third quarter and initiates bulk exit Container ships are now even worse at arriving on time Hafnia's methanol project faces criticism: "Not as green as advertised"Maersk has installed scrubbers on board nearly 100 vessels DSV Panalpina buys freight forwarder Prime Cargo The world's biggest bunker port seeks new LNG suppliers Prosecutor calls for prison sentence for Norwegian shipowner in scrapping case Maersk layoffs come as surprise to Hamburg Süd employees Total inks deal with Hafnia for new LNG vessels Kuehne + Nagel's workforce is down by 5,000 in 2020 Nordic American Tankers to issue new bonds for millions of dollars Hafnia's methanol plant lost an important supporter when the governor had a change of heart Cargill to install sails on product tankers Bimco: 500 days since last scrapping of a supertanker DSV is done integrating billion-dollar acquisition Panalpina 2020 Bulkers moves to the main exchange in Oslo Equinor doubles deficit following billion-dollar impairment Søren Skou: Presidential election will not change relationship between US and China Siem Offshore expects more vessels to be laid up Aker BP reports solid profit for third quarter DSV expects more big clashes when the time comes for new acquisitions Wärtsilä expands business to include sale of rotor sails Maersk Tankers' digital venture expands its board ONE grows profit four-fold in first six months on booming rates Total back in black after billion-dollar losses at the start of the pandemic US firms interested in Israel port after passing last time World Fuel Services sees low demand continue into 2021 MOL disappoints on revenue – but delivers surprising profit Despite serious cyberattacks, IT security is lackluster at several container majors Hafnia launches test of coal-based fuel Exxon Mobil reports big net loss and downsizes Poseidon Principles believes in accession from important Chinese lenders Siem Offshore gets respite from creditors until New Year Cosco places billion-dollar order for new megamaxes DSV says customer needs have changed: "We see more complex supply chains"Yet another drilling company files for Chapter 11 in the US Lundin Energy's sales halved in the third quarter Seadrill risks defaulting on loans after expiration of forbearance agreement DB Schenker has moved business from Maersk to MSC Covid-19 has oil traders storing diesel aboard supertankers World's 15 biggest container lines see schedule reliability drop further Gas rates down almost 50 percent for Dorian LPG Tankers for Trump – bulkers and boxships for Biden EU environmental committee will out-phase open-loop scrubbers on ships Former EU Commissioner joins board of Maersk's research center Torben Østergaard-Nielsen's company buys logistics operator Freja Charterers face criticism for blocking crew changes aboard dry bulkers Kjell Inge Røkke's shipowning unit hires Danske Bank shipping chief Singapore to tighten up with new financial code of conduct in the wake of oil scandals Lauritzen Bulkers expects profit in 2021 Transocean books USD 69 million deficit in third quarter Habben Jansen believes in growth in 2021 and a record-low orderbook Concordia says market is hung over after the oil party at the start of the year

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