Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

Skuld books profit with help from investments

Norwegian marine insurer Skuld books a positive result in line with last year, helped along by returns on investment. CEO Ståle Hansen notes that the company has conquered market shares across its business.

Dan-Bunkering appoints new CEO

Dan-Bunkering, part of Torben Østergaard-Nielsen's USTC group, makes changes to its top management and appoints a new CEO. Until May 1, 2021, Henrik Zederkof held the position, according to Denmark's Central Business Register.

Oil giants in tough balancing act despite promising upturn

The appetite for investments in new production remains muted among oil companies. Despite significant improvements in the first quarter, a Clarksons Platou analyst expects the oil industry to focus on pampering its shareholders and only invest very cautiously.

A global CO2 tax on shipping could be years into the future

The first concrete proposal for a global CO2 tax is in the works at the IMO, just as three of the world's major shipping organizations have turned on a dime and now call for a tax on emissions. Realistically, however, it will be several years before such a tax is introduced.

Japanese shipyards join forces to up climate ambitions

Japanese shipbuilder Tsuneishi Shipbuilding acquires 49 percent of competitor Mitsui E&S Shipbuilding. The aim of the transaction is to enable the joint firm to speed up development of next-generation ships using alternative fuels.

World bank calls LNG a dead end as fuel for shipping

LNG is a risk-fraught waste of time as a fuel for shipping, and it will only delay the transition to sustainable fuels, the UK's High-Level Climate Action Champion warned at the presentation of an LNG report from the World Bank.

Greek shipowners have gained prominence among Hamburg's shipping banks

Greek shipping is a source of stable business for shipping banks in Hamburg, Germany. Greek shipowners are resilient and as important as German clients to banks such as Berenberg and HCOB. After years of hardship, however, German shipowners may be ready for a comeback, banker tells ShippingWatch.

OW Bunker compensation claim suffers another blow

Wednesday: The High Court of Eastern Denmark rejects yet another claim for compensation against, among others, private equity fund Altor and the former management of OW Bunker, reports business daily Børsen.

Hafnia and BW LPG invest in digital company

Tanker companies Hafnia and BW LPG now invest in Alpha Ori Technologies, which provides digital solutions for shipping. Hafnia CEO Mikael Skov also joins the company's board.

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