This week's top stories on ShippingWatch

Video footage emerged Monday showing the hours ahead of two Maersk ships sinking while under tow. Maersk stakeholder KLP also expressed concern about the shipping company's shipbreaking partners in India after a yard worker died.

More ship orders send South Korean yard stocks soaring

Stock prices at the three major South Korean shipbuilders rose considerably over the past month. This is especially due to a wave of new orders, and the trend is expected to continue throughout the year, news agency writes.

Monjasa moves to the Danish shipping cluster

Monjasa moves the location of its Copenhagen office. The Danish bunker company is moving from Amaliegade to the shipping cluster in Tuborg Havn, where several of the largest Danish shipping companies reside.

This week's most important headlines at ShippingWatch

With the acquisition of three ships, Clipper Group CEO Peter Norborg now deems the company is "through the worst", he told ShippingWatch. Read about the tensions between Iran and the US, optimistic drilling analysts and 2020 preparations.

OECD predicts increase in new green maritime jobs

Climate mitigation could end up creating a lot of new jobs, writes the OECD in a report. The new regulations for ballast water management, entering force this Sunday, are just one piece of the puzzle. MAN Energy Solutions, however, believes more in a need for new competencies.

Closings delay Endofa's financial report

Endofa's annual report for 2018 has been delayed due to closings and divestments internationally, the company informs the Danish Business Authority. The bunker company's deadline has been extended to mid-September.

Danish yard launches offensive against US investor

Modern American Recycling Services, which is set to soon open a new scrapyard in Northern Denmark's Port of Frederikshavn, now lashes back at US-based investor Tom Clarke. The yard is pursuing a counterclaim against its partner, who has had two rigs arrested in Denmark.

"New dangers lurk around every corner"

2019 surprised some of the industry's most experienced experts. But the year also proved that the shipping industry is capable of responding, says Maritime & Merchant CEO, Halvor Sveen, in an interview with ShippingWatch. However, the bank is staying clear of one segment.

HCOB adds EUR 500 million in new shipping loans

Hamburg Commercial Bank, formerly known as HSH Nordbank, added new shipping loans worth EUR 500 million in the first half of 2019. The bank aims to issue new shipping loans totaling EUR 900 million each year.

Scrubbers looking to be a sound investment

The first indication of the price difference between low-sulfur oil and conventional ship fuel is that shipping lines using scrubbers have made a good investment, Alphaliner assesses.

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