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title: ShippingWatch - news about carriers, suppliers, offshore, ports ...
description: ShippingWatch - news, opinions, profiles and trends from the blue industry - carriers, vendors, offshore, ports etc. In both Danish and English.
type: section
url: http://shippingwatch.com/
site_name: ShippingWatch

• http://shippingwatch.com/Article_archive ("Article archive")

• <H1> MAN pays back USD 8 million in engine fraud case
• <H3> MAN Diesel & Turbo will pay back USD 8 million to Norwegian carrier Skaugen in the protracted fraud case related to diesel engines which used more fuel than stated in contracys. "MAN Diesel & Turbo SE has substantial outstanding claims against Skaugen," says MAN in a comment to ShippingWatch.
• <H2> EU tests possible effect of new container alliances
• <H3> The EU Commission is informally contacting stakeholders to determine if the prices between Europe and Asia have increased after April 1 this year as a consequence of the fact there are now only three major container alliances left operating.
• <H2> Owner and CEO agree: J. Lauritzen will not need more capital injections
• <H3> There will be no need to inject more money from Lauritzen Fonden into J. Lauritzen, agree the managing director of owner Lauritzen Fonden and the carrier's CEO in comments to ShippingWatch. J. Lauritzen has received a little over USD 194 million from the owner in 2016 and 2017.
• <H2> "Consolidation is not a game changer, it's the actual game"
• <H3> Following a loss of at least EUR 5 billion and perhaps upwards of EUR 10 billion in 2016, the container carriers are now trying to save themselves by joining forces. This is pure survival but no recipe for profits, says Olaf Merk, shipping and port expert at OECD.
• <H2> Cosco to invest a billion dollars in tankers
• <H3> Cosco's tanker division plans to expand its fleet with investments totaling USD 1 billion, reports Tradewinds. The investments will concern vessels set for delivery between 2019 and 2020.
• <H3> Maersk Line's deficit is symbolic of continued struggles throughout the container industry, analyst Lars Jensen tells ShippingWatch. He thinks that two things in particular are worrying about the numbers. CEO Søren Skou on the other hand stand firm on the forecast for the full-year 2017.
• <H2> Wood Mackenzie: Low desire for risks in the oil sector
• <H3> The lower oil price puts a damper on desire to invest in the oil sector, shows a survey performed by Wood Mackenzie among 170 companies active in the sector, reports E24.
• <H2> This week's top stories on ShippingWatch
• <H3> Read about a sensational oil deal between Endofa and Danish businessman Jesper Øhlenschlæger, a possible consolidation wave in product tankers and J. Lauritzen, major stories from this past week.
• <H2> Danske Bank: OPEC deal will likely be extended to 2018
• <H3> The OPEC deal to keep output low will likely be extended, projects Danske Bank ahead of the oil exporters' meeting next week. But there are signs of increasing skepticism toward the organization's initiative, reports Wall Street Journal.
• <H2> Brazil's President Temer refuses to resign
• <H3> Michel Temer, who is being investigated for corruption, will continue as President of Brazil, he says in a speech to the nation according to Reuters.
• <H2> Halliburton appoints new chief exec
• <H3> The US-based oil service has found a new chief executive to take over the reins on June 1.
• <H2> Consolidation wave could be in store for product tanker
• <H3> There will be more mergers, acquisitions, and general consolidation in the product tanker market within the next 12-24 months, Hafnia Tankers and Jyske Bank tell ShippingWatch. Torm Executive Director Jacob Meldgaard is also open to the idea.
• <H2> Maersk Supply Service will postpone vessel deliveries
• <H3> The downturn in the offshore market means that Maersk Supply Service is attempting to delay the delivery of the nine vessels ordered by the carrier. But several ships will hit the water this year, says CEO Steen S. Karstensen to ShippingWatch.
• <H3> New Job
• <H4> Zeaborn takes over Rickmers-Linie and NPC Projects
• <H3> Yet another large takeover in the European project cargo sector is shifting the power balance in the sector. Germany's Zeaborn is acquiring Rickmers-Linie and NPC Projects, informs the Bremen-based carrier.
• <H4> Former J. Lauritzen CFO joins Prosafe board
• <H3> Birgit Aagaard-Svendsen, former CFO at carrier J.Lauritzen, will join the board of directors of Prosafe, which leases accommodation vessels. The executive has previously served on the board at competitor Axis Offshore, which Prosafe has now purchased.
• <H2> Endofa is preparing claims against Danish businessman
• <H3> Bunker company Endofa will file a compensation claim against Danish businessman Jesper Øhlenschlæger, who hired the bunker company to take part in a failed oil freight in Ghana. Øhlenschlæger denies any personal liability.
• <H2> Hapag-Lloyd's deal with UASC will be presented next week
• <H3> The deals between Hapag-Lloyd and UASC have been signed and the merger is thus finalized after a delay of almost two months. There are many indications, however, that the announcement of the deal will not take place until next Wednesday.
• <H2> Hafnia Tankers made USD 6 million in Q1
• <H3> The tanker carrier anticipated higher earnings in the first quarter of the year. But a large number of newbuildings and a lack of fluctuations in the oil price resulted in a lower profit for Hafnia Tankers.
• <H5> See allLatest Articles
• <H5> Vacancies
• <H5> Most Read

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