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Equinor has never made this much money

The Norwegian oil giant soars skyward with its best adjusted earnings item on record following a recovery in commodity prices. Though it remains important to monitor fluctuations, CEO warns.

Employee at Bunker Holding subsidiary charged for corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Shipyards take longer to build capesize vessels

The delivery time for large capesize vessels has become longer, according to Cleaves Securities. Close to half of the shipyards' orders for newbuilds are slated for delivery in 2023 or later.

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