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Ørsted wants Maersk as customer in green methanol project

Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.

Singapore names its biggest bunker suppliers

TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.

South Korean merger stranded on European fear of expensive tankers

The acquisition of shipbuilder DSME looked like the near-perfect extension of HHI, which, ultimately, became the nail in the coffin for the year-long competition case. In Brussels, prominent people expect the decision to hold up in court – however, the question is whether shareholders are already looking for new buyers.

Risky MAN project with ammonia engine echoed in the market

MAN Energy Solutions took a chance when the company decided to develop a ship engine powered by green ammonia. No one knew if there would be customers for such an engine, as ammonia as a fuel still lies in the future, manager tells ShippingWatch.

Seven Seas appoints a new CEO

Ship supply company Seven Seas Group appoints a new CEO as Ole Anton Gulsvik leaves the post after five years at the helm. The new CEO is a familiar face to the company.

Zeronorth acquires US online bunker trading platform

Digital company Zeronorth, with A.P. Moller Holding and Cargill among its owners, acquires US online bunker trading platform Clearlynx. The acquisition places Zeronorth physically in the US and provides opportunity for growth, the company says.

MAN fears losing market share in China on Covid restrictions

MAN Energy Solutions hopes for China to soon ease its tough Covid restrictions, otherwise the major engine manufacturer could lose market share in the longer term, says SVP and head of the two-stroke business Bjarne Foldager to ShippingWatch.

Erria acquires Mermaid Maritime Vietnam

Danish maritime firm Erria takes over Vietnamese company Mermaid Maritime Vietnam JSC after the parties signed a conditional agreement on the trade back in June 2020.

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