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Anglo-Eastern CEO warns against delicate scrubbers

In principle, Anglo-Eastern CEO Bjørn Højgaard is not against scrubbers as one of the means to comply with the sulfur cap from Jan. 1, 2020. But he is convinced that daily operations and maintenance can be very costly, he says in an interview with ShippingWatch.

Sembcorp Marine's revenue drops in first half of the year

Singapore-based engineering group Sembcorp Marine finished the first half of 2019 with a declining revenue, although its net deficit was reduced. The group remains plagued by a highly competitive market, which still holds little prospect for a lasting recovery.

Lost damage suit hits Samsung with large deficit

A legal battle between EnscoRowan has led to a massive second quarter deficit for Samsung Heavy Industries, which continues to lose money from its core business. Rivals DSME and HHI are currently working to merge into one company.

This week's top stories on ShippingWatch

This week especially held stories involving the Strait of Hormuz, and most recently, the Danish government has declared its readiness to participate in a naval mission. Moreover, an investor has lost patience with a Danish shipbreaking yard, and logistics company Kuehne+Nagel said no to seafreight acquisitions.

Investor wants millions back from Danish shipyard

A US investor has lost patience with the Modern American Recycling Services shipyard in Frederikshavn, Denmark. Now he wants the money used for purchasing two obsolete rigs returned. MARS denies allegations.

BP launches new biofuel joint venture

BP has entered a joint venture partnership with Brazilian agricultural producer Bunge aimed at boosting the former's biofuel business nearly 50 percent.

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