Torm and DFDS say scrubber installations are delayed
Scrubber installations are delayed, report both Torm and DFDS.
ShippingWatch
A part ofWatch Medier
Scrubber installations are delayed, report both Torm and DFDS.
A court in Hong Kong has rejected an appeal from former chairman and CEO of bunker company Brightoil Petroleum in a case of personal bankruptcy.
Italy's Fincantieri group does not rule out that there could be more impairments in store on asset values at Vard, writes Reuters. The Norwegian shipbuilder has already received large capital injections from the owner.
LNG is the only sustainable solution for the shipping industry here and now, says Singapore's Maritime and Port Authority, which is ready with an incentive program for shipowners to push them toward LNG-driven vessels.
US President Donald Trump says the US has not agreed to unwind tariffs, sowing doubt about hopes raised by China and even some White House aides that the US was prepared to ease some of the tariffs in order to settle a trade deal.
Producers like Alfa laval and Wärtsilä have seen major setbacks in order intake for scrubbers this year. To ShippingWatch, Wärtsilä's President of Marine Solutions Roger Holm points to several factors behind the lower sales.
Iran has found a huge new oil deposit, extending its crude reserves by around one third.
A court case lasting more than two years, in which Endofa demanded money from a Mexican shipping group for unpaid oil, has ended with a settlement, show legal documents read by ShippingWatch.
Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.
Bunker company Monjasa opens an Angola office to strengthen its core business in West Africa. Monjasa already has an office in neighboring Namibia.
Offshore company Boskalis exited the third quarter of the year with increases in revenue and operations. The order book also grew in the period, and the company expects a stronger second half of the year, writes Boskalis in an update.
The IMO's sulfur cap makes Odense Maritime Technology put its commercial business on hold for a few years. Instead the ship designer bets on navy vessels, as well as the fact that many countries have under-invested in their defense, CEO Kåre Groes Christiansen tells ShippingWatch.
The two countries have agreed to roll back their tit-for-tat tariffs in phases, says a spokesman for China's Ministry of Commerce.
Odense Maritime Technology, which designs ships, has reduced its number of employees by more than 50 percent since 2014, and revenue is down to less than one third of the level seen at that time. Management headed by CEO Kåre Groes Christiansen believes in improvement next year.
Rotor sail technology aboard large ships has proven its worth according to Norsepower CEO Tuomas Riski after a concluded trial by Maersk Tankers. In an interview with ShippingWatch, he says the company will pursue one market in particular.
The coast guard and port authority in Singapore have in a joint action arrested 11 people for illegal trading of ship fuel.
The world's biggest bunker company, World Fuel Services, expects the new sulfur restrictions to demand more of the bunker industry's balance sheets. This will show who is "able to go the distance from a financial perspective," says the CEO in an interview with ShippingWatch.
Equinor, Aker BP and Total all see the advantages of a merger between Prosafe and Floatel. Each company is fragile on its own, according to a response that ShippingWatch has read via a right of access to documents. Norwegian authorities have rejected the merger.
Norwegian supplier Kongsberg improved across its businesses in the third quarter, in which the company's order book reached new heights.
The merger between Chinese shipbuilders CSIC and CSSC has been approved, giving them an estimated total market share corresponding to one fifth of the market.
South Korean Hyundai Heavy's shipbuilding business, which now covers shipbuilder Daewoo as well, reports a profit for the third quarter, in which orders for LNG ships in particular drove improvements.
Order intake dropped by almost a third at Wärtsilä in the third quarter. Prospects for the Finnish supplier's Marine business are "soft".
Swedish Alfa Laval saw a significant drop in orders for the company's scrubber systems in the third quarter. Conversely, sales of another type of environmental system are more positive.
Ship manager V.Group has hired a new CFO, who will take up the position in the first quarter next year.
Per Funch-Nielsen, well-known in the bunker business, becomes sales director at OceanConnect Marine, a company owned by commodity trader Glencore. He made the switch from consultancy company 2020 Marine Energy.
Bunker Broker - Liberty Marine Fuels 
Experienced accountant for international shipping company
Rector for Marstal Navigation School
Bunker Trader Officer - GMS in Dubai
