Aker Solutions in the red after turbulent year and merger
2020 was a year of change for Aker Solutions, which enters a new era with a major deficit and expects to stay in the red for the foreseeable future, shows the Norwegian oil service company's financial report.
"Service is not free of charge, it has a price," says CMA CGM chief executive Rodolphe Saadé on the same day that the container liners' reliability reaches an all-time low. Hapag-Lloyd presents a new guarantee to shippers.
New gas tanker major BW Epic Kosan will especially focus on the ships of the future and the bottom line, explains Charles Maltby, who will serve as CEO of the company. The green agenda will also put a damper on consolidation in the LPG sector, he expects.
The CEO of Norway's Solstad calls on banks to take more charge of the consolidation among offshore ship operators. Without consolidation, not even rising rates will resolve the companies' woes, he says.
Transport Minister Rotimi Amaechi of Nigeria announces a three-month offensive with planes, drones and boats, in an effort to protect commercial vessels against pirates in the Gulf of Guinea. The operation will costs USD 195 million, reports Bloomberg.
Banks prefer to finance newbuilds or retrofits, said several panelists at this year's digital Marine Money conference. LNG is particularly popular among shipowners, which currently prefer to hold back on new orders.