Danish carrier fights against claim from former US partner
World Marine Offshore wants former partner’s major claim turned down in case about failed offshore wind agreement in the US.
ShippingWatch
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World Marine Offshore wants former partner’s major claim turned down in case about failed offshore wind agreement in the US.
As most other marine insurers, Gard plans to increase its premiums for next year – however, not to the same degree as competitors.
Trading house Trafigura has landed a syndicated billion-dollar loan guaranteed by the German state, enabling the company to supply Germany with gas.
Tech operator Zeronorth, whose ownership is comprised of A.P. Moller Holding and Cargill among others, loses high-profile CRO intended to spike sales after only nine months. Updated.
A 53-year-old senior engineer has been convicted for selling information to an agent from the Russian intelligence service while working for DNV.
KPI Oceanconnect has taken over the division for major customers at Bunker Holding, and this will provide ”a substantial lift,” says Anders Grønborg, the bunker firm’s new chief executive.
The EU’s import ban on Russian oil will create ”imbalance” and ”spikes” in the bunker market, with disruptions seen lasting for ”at least the whole of 2023,” says Anders Grønborg, new chief exec of KPI Oceanconnect.
A vessel loaded with LNG has for the first time sailed directly from Australia to Europe, illustrating how Russia’s war has altered world trade patterns.
New waves of Covid-19 last week pretty much neutered market bulls, briefly optimistic after rumors of Beijing easing back on the nation’s zero-tolerance approach to the coronavirus.
Together with a number of organizations and initiatives, Maersk and MAN urge for a strong increase of green hydrogen production ahead of 2030, according to a statement issued from the COP27 summit.
Why must bunker companies be penalized for green fuel shortages, asks Monjasa about an EU proposal. Shipowners support the challenge.
The Danish oil group plans to hire a chief of biofuels who will be tasked with setting the strategic direction for the business area.
Together with Japanese MOL, Yara plans to develop ammonia’s supply chain for use as fuel within shipping and on land. The parties are also engaged in transportation of hydrogen, which takes place by converting hydrogen into ammonia.
Recruiting: Jan N. Lauridsen has been a headhunter for ten years, during which the fundamental traits of the pool of potential chief executives have changed. In ten years, it will once again look very different, he says.
Several Danish pension funds are reassessing their investments in Glencore, heavily penalized earlier this week due to oil-related corruption in Africa.
Oil companies are hindering shipping’s green energy transition while the expansion of renewable fuel production capacity moves too slowly.
The UK will contribute to the international embargo on Russian oil by, for instance, banning British companies from insuring oil cargoes to third countries if these do not comply with an upcoming price cap.
The mining giant will have to pay a significant penalty due to bribery of officials in West African countries. ”The conduct that took place was inexcusable,” says the company’s chairman.
Major South Korean shipbuilder Samsung Heavy Industries saw a significant deficit in the third quarter, driven by one-off costs and lower sales.
Dan-Bunkering merges with South Africa-based Amoil, and by the turn of the year, the two companies will operate under the former name. The merger will strengthen the bunker supplier’s position on the African continent, the parties write in a statement.
Revenue and order book went up for Keppel Corporation in the first three quarters of the year. The group is well underway with a long-term asset divestment.
Sea Badger, which had been developed by Hydro Hull Cleaning, is ready to fulfil its purpose: cleaning the dirty hulls of vessels. The project has been underway for many years, supported by the Danish Maritime Fund.
With an EU embargo on refined oil products from Russia approaching, other suppliers are stepping up. Transport routes are thus getting longer, which benefits the product tanker segment, says Bimco.
Thursday, the EU began the last round of negotiations about how big a share of shipping fuels that ought to be green. The aim, among others, is to add pressure on the IMO. Demands may cover both shipowners and bunker firms.
Deloitte is not allowed to question the validity of a raised compensation claim of USD 100m in OW Bunker bankruptcy case in the Supreme Court of Denmark, after the Danish Appeals Permission Board says no. Deloitte still thinks the case can be won.
Assistant Controller 
Head of Sales and Marketing 
Commercial Contract Manager for the Offshore Wind Industry 
Claims Executive - Skuld Copenhagen 
Head of Fuel Concepts 
Consultant to the maritime industry