Fuel trade almost halved in Asia in 2020

Covid-19, new sulfur requirements, lower exports to China and the collapse of commodity trader Hin Leong Trading in Singapore made bunker oil trade volumes drop 46 percent in 2020 compared to 2019, writes Reuters.

DSME fails to meet its order target for 2020

South Korean shipbuilder DSME shot somewhat below its order target for last year, according to a presentation. However, the yard saw increased newbuild activity in the fourth quarter.

Hempel set to invest billions in growth plan

Over the next five years, coating producer Hempel plans to invest upwards of DKK 19 billion in a growth plan, reports Børsen. Revenue must be doubled over this period, says CEO.

Maersk Broker merges several activities

Maersk Broker combines three activities from the turn of the year. This happens as part of a strategy to strengthen its profile in these areas, says the broker.

Bunker Holding eyes more acquisitions

The world's largest bunker group, Bunker Holding, does not reject that more acquisitions could be in store, CEO Keld Demant tells Ship & Bunker. He sees consolidation in the bunker market picking up steam.

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