Bunker market uncertainty made its mark on KPI Oceanconnect’s business in 2021/2022, but the Bunker Holding subsidiary reports marked volume increases in Hong Kong and China.
For a number of years, Shell will supply container carrier CMA CGM’s ships in Singapore with LNG. CMA CGM banks heavily on LNG as an alternative to conventional fuel oil.
After an extreme year in both the container and dry bulk segments, which have seen several ship sales, trading is now stagnating somewhat. ”There are fewer buyers, but optimism isn’t gone,” Maersk Broker executive tells ShippingWatch.
In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.
Dan-Bunkering, part of fuel supplier Bunker Holding, last year saw a significant boost in revenue, with earnings coming in more flat. The bunker company will focus on mergers and acquisitions.
The tanker market has adjusted more rapidly than expected. Maersk Broker therefore wishes to expand business within tanker, requiring a strengthening of the organization, say top executives in an interview with ShippingWatch.
Despite a big, long-awaited sale, Henrik Sørensen continues at the helm of his life’s work, maritime technology provider Desmi. In an interview with ShippingWatch, the Danish owner elaborates on the decision to sell a majority stake and the next step for the pump manufacturer.
Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.
After having been up for sale for a long time, pump manufacturer Desmi finally has a new main owner. ”It was high on our agenda to find a new owner who wants to continue our growth strategy,” says owner Henrik Sørensen.
Marked progress in Bunker Holding, logistics firm SDK Freja and the family office is the reason behind the record result booked by oil billionaire Torben Østergaard-Nielsen’s Selfinvest. Results have been accomplished in a ”challenging” year which included verdict in the Dan-Bunkering case.
The Danish shipping giant’s training subsidiary is buying a Norwegian partner supplying safety and crisis management courses for offshore and maritime industries.
The Federal Reserve announced the biggest interest rate increase since 1994, with oil prices soon sent downward, but investors stay confident on crude demand holding steady.
Trafigura has halted investment Russia, and reconsiders minority ownership of a Russian oil outfit – but has not yet withdrawn from the market. The commodity trader made big gains in the first half of 2022.
The Suez Canal, which is the fastest route between Asia and Europe, looks set for its best year in decades measured on the number of vessels using the canal, according to Leth Agencies.
Singapore-based Sing Fuels has acquired Greek firm Prime’s Bunkersplus Services. It is the first step toward establishing an alliance of ”independent” brokers and traders within the bunker industry, says Sing Fuels’ chief executive to ShippingWatch.
Interest in methanol as an alternative fuel in shipping has grown markedly following Maersk’s order for a series of large container vessels powered by the fuel, says MAN SVP. Methanol supply could become a problem.
For the first time, Nina Østergaard Borris, who has recently taken over as CEO of oil group USTC, comments on the sanctions case in which Bunker Holding and Dan-Bunkering were given million-dollar fines and the top exec a conditional prison sentence, writes Børsen.
Zeronorth, which has A.P. Moller Holding and Cargill in its ownership circle, gets a third co-owner. US private equity firm PSG Equity injects fresh capital into the digital company’s ”ambitious growth plans.”
In acquiring cruise ship manager CMI, Anglo-Eastern enters a new market where it will be able to compete with players such as V.Group.
Russia increasingly makes use of reloading at sea in order to freight oil to Asia. This no longer takes place in Danish waters, according to Reuters.
Sanction-hit Russian tanker carrier Sovcomflot is no longer part of Skuld’s insured fleet, ShippingWatch learns. The deadline for ending the customer relationship has passed. Skuld refrains from commenting.
In 2023, Wärtsilä expects to launch a ship engine using green ammonia. The Finnish group’s head of decarbonization tells ShippingWatch that working on the engine reminds him of the rollout of LNG.
Digital company Zeronorth changes its board. Robert Mærsk Uggla steps down and will be replaced by a new representative from A.P. Moller Holding.
Almost a quarter of European companies with investments in China consider moving somewhere else, according to survey by the European Chamber of Commerce in China. ”A potential early-warning indicator” of supply chain changes, says analyst.
Shipbroker Lightship Chartering with Morten Have as main shareholder has delivered its ”best fiscal year ever.” The financial report reveals a wide-scale growth plan, but management does not elaborate on it.
Safety Leadership & Transformation Manager 
Finance Controller IT Operations & Project Lead 
Senior Legal Counsel with a focus on Offshore Renewables 
Head of Airfreight 
Senior Sales Manager 
Head of Vessel Operations Assistant Operations Manager Accountant Assistant - Creditor & Payment Team 
Crewing officer 
