The shipyard industry seemed to head straight for the output-abyss just 15 months ago. Today the transition from recent years’ record high shipyard output to a more sustainable level of output appears to soft-land with global shipyard output clearly slowing down. This BIMCO analysis compares data from December 2011 with data from March 2013, representing [...]
In addition to the announcement covering three newbuilding units made by Ultrabulk on March 19 th, Ultrabulk now confirms having added five further units to its long term fleet. The new units are one additional 61,000tdw Supramax bulker to be built at a Japanese yard and scheduled for delivery 2016, joined by another 81,000tdw Kamsarmax [...]
May 8, 2013 | Posted in
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Viking Supply Ships has entered into a contract with E.ON for the charter of “SBS Cirrus” commencing in May 2013. The duration is for three months firm, plus charterer’s option to extend the contract with a total of 8 weeks. The contract terms are in accordance with present market conditions. The vessel is currently performing [...]
More favourable weather conditions and less waves have really jump-started the wind turbine installation in Anholt Offshore Wind Farm. At the end of April, a total of 97 wind turbines had been installed in the wind farm. Now, only 14 wind turbines need to be installed before all 111 wind turbines have been installed. Of [...]
Maersk Line announced the hiring of Stephen Richard Schueler as Chief Commercial Officer, effective as of 27 May. Stephen is American, 46 years old, and joins Maersk Line from Microsoft Corporation where he was the head of global retail sales and marketing. Prior to Microsoft, Stephen was with Procter & Gamble for more than 20 [...]
CFO and member of the Executive Board of TORM Roland M. Andersen has today tendered his resignation. He will continue his normal duties on the Executive Board and leave the Company by the end of October 2013. The process of finding a new CFO has immediately been initiated. “I have appreciated our cooperation, and on [...]
TORM has entered into an agreement to sell five MR product tankers to a company controlled by Oaktree Capital Management (Oaktree). The sale is a consequence of the specific option rights, which one bank group exercised in connection with the Restructuring Agreement (cf. announcement no. 31 dated 2 October 2012). Oaktree will place the five [...]
Floating craft like motor yachts, sailing yachts or catamarans are quite a regular sight on Rickmers-Linie vessels. However, the ferry which Rickmers-Linie carried from Bangladesh to Denmark on board the charter vessel Baltic Winter is remarkable. It is the very first ferry built by a Bangladesh shipyard for European owners and will be put in [...]
April 16, 2013 | Posted in
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Safety, quality and a global view in connection with maritime freight is the common denominator for the services of Global Projects Supervision Global Projects Supervision has seen the light of day and offers – as logistics and HSSEQ consultants, supercargoes, naval architects, class surveyors and broker solutions – independent solutions to the maritime industry. The [...]
A new unmanned platform in the Danish North Sea has been approved by partners of the Danish Underground Consortium (DUC). The USD 800 million investment is expected to add reserves and resources of 50 million barrels of oil equivalent over the next 30 years to the Danish production. Maersk Oil has – as operator of [...]
