Here are the carriers that have chosen scrubbers
Torm has now also chosen scrubbers for part of its fleet. Get an overview of how many shipping companies have chosen the technology this year.
ShippingWatch
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Torm has now also chosen scrubbers for part of its fleet. Get an overview of how many shipping companies have chosen the technology this year.
The EU's new tariffs on a number of US goods came into effect Friday. "We have an escalating trade war," says Chief Economist of major bank.
Following Lars Møller's appeal of his 1.5 years prison sentence in the OW Bunker case, the Danish Attorney General's office has decided to follow suit. The Danish High Court is now free to review the case again.
The US's individualist trade policy will ultimately harm the country's own workers and farmers, says Chinese spokesperson at a press conference. China will take action to defend its own interests.
South Korea's state aid to the shipping sector is no longer just manifested in support for yards and shipping companies, but now also for suppliers of, for instance, ballast water management systems, reports IHS Fairplay.
China says it will retaliate as Donald Trump threatens tariffs on additional USD 200 billion worth of Chinese-made products. Beijing calls the move "extreme pressure and blackmail."
Struggling commodity trader Noble Group halts shares in Singapore pending an announcement. The company's efforts to get shareholders on board with large-scale restructuring plan drag on.
Even though Maersk has publicly said it will not use scrubbers in its fleet, this could very well be a possible scenario for the Triple-E ships, for one reason in particular, projects Clarksons Platou in a new analysis.
Engine giant Rolls-Royce, which has booked sizeable losses on its marine business in particular, will eliminate thousands of jobs in latest restructuring. The marine business is still under review for potential sale.
One of South Korea's shipbuilding giants notes that three should become two. The yard must be turned into "an attractive company for other companies to be interested in acquiring," says Daewoo CEO, according to South Korean media.
Jakob Stausholm, who recently left a senior executive position at A.P. Moeller-Maersk, has been appointed new CFO of mining giant Rio Tinto.
Daewoo Shipbuilding & Marine Engineering has so far this year boosted its order book significantly more than it did last year, reports South Korean news agency.
Already a few years from now it could prove difficult to get fuel for the scrubbers that many shipowners are thinking of installing. For a scrubber to pay off, the choice needs to be made now, a consultant tells ShippingWatch.
A collaboration between a technology company and a US Naval yard aims to print ship components within the upcoming year. The technology can change the shipbuilding industry, says 3D Systems VP to ShippingWatch.
Shipbuilder Simek, which in the past has built numerous vessels for the Norwegian offshore sector, now closes shop. The order book is empty and the company has been unable to find a solution to the problems, reports Norwegian media.
Wrist Ship Supply joins forces with competitor Klevenberg Shipping Center, based in Rotterdam. Part of a desired consolidation, says Wrist.
South Korea's shipbuilders benefit from a global uptick in ship orders. "There's an expectation of a turnaround," a Macquarie fund investment manager tells Bloomberg.
Liner shipping major CMA CGM has formed a partnership with a startup aimed at using AI in container shipping.
Ulstein Group reports another triple-digit deficit in NOK, according to several Norwegian media. The yard group has lost NOK 1 billion since 2015.
Weak developments in the shipping and offshore market strain Norwegian coating manufacturer Jotun, shows the latest financial report. And there are no improvements in store, says CEO.
Oil analyst Martin Tallett projects that the world will need 2.3 million barrels more per day by 2020 when the new IMO sulfur cap for shipping comes into effect. "We don't believe the refining industry can produce all of the fuels that would be needed to achieve 100 percent compliance," he says.
The US imposes tariffs on aluminum and steel imported from the EU, Mexico and Canada in a move to protect the US manufacturers. EU responds with tariffs on prominent US imports.
The EU us preparing for a trade offensive from the US amid a report that President Trump is about to impose tariffs on steel and aluminum imported from the bloc.
The US government will in June present details about restrictions on Chinese investments in the US, export monitoring and customs.
Competition on the Scandinavian bunker market will increase as the moves closet to the new sulfur regulations taking effect in 2020, says the CEO of the major market player Stena Oil to ShippingWatch.
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