Major pharmaceutical company Novo Nordisk now tells its 60,000 suppliers that they must both produce and transport their products 100 percent sustainably from 2030. Otherwise they will lose Novo Nordisk as customer.
Hamburg Commercial Bank is now starting to feel how several competitors have decided to halt their loans to shipping entirely. "This is an opportunity for us," the bank's head of shipping tells ShippingWatch.
The owner and chief executive of Desmi has told his employees that the sale of the pump company has been postponed indefinitely. This is partly due to the coronavirus pandemic and a strained market, newspaper Børsen writes.
The crisis within the offshore industry could drag out for years, assess several banks. Danske Bank's head of shipping sees no improvement before 2023 or 2024. The bank's appetite for offshore has diminished in recent years.
Mining company BHP wants to lower its carbon emissions by 30 percent in 2030, and shipping will contribute a large reduction. LNG will play a significant role, as the fuel, according to BHP, can deliver results here and now.
Norway's Skuld books a USD 14.3 million deficit for the first half of fiscal year 2020/2021. The decline is largely attributable to an increase in claims in the international insurance pool and the coronavirus.
Haldor Topsøe will be ready to supply ammonia as soon as shipping lines want it. Two years from now, Danish facilities will be ready. The question is when the industry is ready, VP and head of sustainable technologies says to ShippingWatch.
Too much talk and not enough action. That is the essence of Synergy Group CEO Rajesh Unni's criticism of the IMO. He does not think the IMO did enough to avoid the crisis caused by the lack of crew changes. ShippingWatch met him in Copenhagen.
Several banks in Hong Kong and Singapore have drastically cut credits for bunker companies following the Hin Leong scandal, announces smaller bunker company. Meanwhile, the smaller players are facing stiff price competition from the biggest players.
The founder of scandal-stricken Hin Leong Trading, Lim Oon Kuin, and his two children, are now being sued by accounting firm PwC, which is serving as judicial manager of the bunker company. The claim totals USD 3.5 billion, reports The Strait Times.