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Hempel continues acquisition hunt after challenging year

Coating producer Hempel has had a challenging year on account of Covid-19, though its top line still improved. 2021 began with a new strategy and acquisition, which is the first step toward an ambitious goal to double its revenue.

Former Maersk profile joins IBIA board of directors

The International Bunker Industry Association, IBIA, has set its new board of directors. Former Global Head of Crude Oil Trading at Maersk becomes a new board member along with representatives from Simms Showers and Terramar Oil Panama. The latter was re-elected. Henrik Zederkof of Bunker Holding continues as chairman.

Keppel makes changes to its chairmanship

Singapore-based Keppel makes changes to its chairmanship when its long-time chairman steps down from April. Focus was recently renewed on a large-scale bribery case in the company's offshore and marine business.

DFDS will operate green ammonia-powered ferries

DFDS has agreed to start buying green ammonia from a large facility in Denmark from 2026 as fuel for the ferry and freight operator's ships. The first ships could be equipped with dual fuel engines, DFDS Chief Exec Torben Carlsen tells ShippingWatch.

DFDS and Maersk will use carbon-free ammonia from new huge facility

Shipping companies DFDS and Maersk together with the agricultural sector are prepared to buy the production of up to 90,000 tons green ammonia from a large production facility, which could be ready in western Denmark five years from now. The investment totals around EUR 1 billion.

GP Global subsidiary seeks debt moratorium in Singapore

Bunker supplier GP Global is undergoing a restructuring, and in that connection a Singaporean subsidiary applies for a debt-related grace period. Creditors have outstanding receivables totaling more than USD 460 million, writes Reuters.

German HCOB ready for new shipping loans in 2021

Hamburg Commercial Bank is preparing to settle more loans for shipping in 2021 after new loans totaling roughly EUR 900 million last year. "We are ready for new business in 2021," says Global Head of Shipping Jan-Philipp Rohr to ShippingWatch.

Total withstands crisis with profit near USD 900m

The French oil giant stands out among major industry players with a solid profit in the fourth quarter. However, the coronavirus and oil price crises turned Total's overall 2020 into a year the company would rather forget. Now it mulls a name change.

Norwegian Pro Fuels sold to Singapore company

Singapore-based Sea Oil Petroleum acquires Norwegian bunker company Pro Fuels. As part of the agreement, a new company is established for the Pro Fuels employees to be transferred to.

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