Equity funds place bid on Aegean

Two new parties are prepared to buy bunker company Aegean, which filed for bankruptcy protection in the US in November. The bidders are well-known shipping names, and they have offered a three-digit million dollar figure for the restructured Aegean, writes Ship&Bunker.

China's economy slowed again in November

Weaker retail sales and lower industrial production slowed down China's economy in November. This creates a challenging basis for the country's policymakers who are set to gather next week .

Rothschild has been looking for new owner of Seven Seas

The US-based investment bank has been searching the market for a buyer for Norwegian Seven Seas Group. Wrist Ship Supply has been in play but is not interested in the competitor despite ambitious acquisition plans, according to ShippingWatch's sources.

MAN invests in hydrogen to reduce climate footprint

Engine manufacturer and equipment supplier MAN Energy Solutions has developed a fuel system for vessels to sail on liquid hydrogen. The gas is one of the alternatives that can help reduce shipping's carbon footprint.

New bunker startup takes its next step

A startup company is launching a test phase of a new platform based on blockchain technology which can track bunker from the oil platform to the vessel tank.

Coal will be the green wave's first and biggest victim

The green transition is transforming the energy market and thus also the market for transporting coal, oil and gas. According to Wood Mackenzie, the downturn in coal transport is fairly clear, while the pattern looks different for gas in particular.

Singapore bans open-loop scrubbers

It will be illegal to use open-loop scrubbers in one of the key ports in the world. Singapore's Maritime and Port Authority will from Jan. 1, 2020 ban use of the technology.

Norwegian shipping bank takes next step towards IPO

The shipping bank Maritime & Merchant, which has a number of prominent people in its ownership, has taken another step towards the expected IPO next year. It is now possible to trade the bank's stock on NOTC in Oslo.

Autonomous ship is now able to sail dock-to-dock

With the push of a button a ferry sailed out of a harbor and docked at another without any human interference. Wärtsilä, the company behind the technology, calls the test "a huge step forward."

Scandinavia monitors developments in British marine insurance closely

A number of insurance syndicates have closed down or significantly downscaled on marine insurance at Lloyd's of London after the British insurance giant posed them with an ultimatum. The Nordic countries are closely following the development, where there has been a turnaround in premiums following several years of decline.

Trump sticks with plans to raise tariffs by new year

It is "highly unlikely" that the US will abandon its plans to levy significantly higher tariffs on Chinese goods by the turn of the year, says US President Donald Trump only a few days ahead of a summit meeting with Chinese President Xi Jinping.

Danish Ship Finance outlines uncertain future for shipping

Significant legislative changes, protectionism and a frozen situation with far too many ships are just some of the challenges the shipping sector faces in the years to come. ShippingWatch delves into a new report from Danish Ship Finance.

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