Hans Thaulow
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Dry Cargo
CFO adds to exodus from Thorco
Copenhagen: The boardroom meltdown at Thorco continues. Strategical differences in management at the line have forced CFO Kent Hedegaard to…
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Americas
DP system failure alert
New York: The US Bureau of Safety and Environmental Enforcement (BSEE) and the US Coast Guard have jointly issued a…
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Americas
Morgan Stanley gives dry bulk a shave
Oslo: Dry cargo shares have had their price target shaved by the American finance house Morgan Stanley. Hardest hit is…
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Regulatory
Standard supervision contract looks like a job for SUPERMAN
Copenhagen: Shipmanagement executives with input from key insurance and legal representatives are developing a new standard supervision contract for newbuildings and conversions. The…
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Europe
Skaugen delays bond payment
Oslo: Oslo listed I.M Skaugen, who operates a fleet of small and medium-sized LPG carriers, says that holders of its IMSK12…
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Dry Cargo
Siem Shipping cuts losses
Oslo: Oslo-listed Siem Shipping remained in the red in the fourth quarter of 2014. The company has refinanced debt with…
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Europe
LNG fuel for the Baltic Sea
Oslo: Oil and LNG terminal operator Klaipedos Nafta and Bomin Linde have signed an MoU on LNG bunker fuel. Germany’s…
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Europe
Petrobas scandal hurts Odfjell
Oslo: Odfjell Drilling is afraid three awaited drillships will never be delivered, as the corruption scandal surrounding Brazilian energy conglomerate,…
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Europe
Maersk Oil pulls the plug on Tvillingen
Oslo: The partners in Tvillingen with production license PL510 have decided to abandon exploration, after difficulties in the drilling process, said…
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Europe
Tanker Investment says rates at six year high
Oslo: Newly established Tanker Investment has bet everything on an upswing in the tanker market. In 2014, they built up…
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Dry Cargo
Norden lowers rates in struggling bulk market
Copenhagen: Following dialogue with a number of large Japanese owners Denmark’s Norden has managed to work out savings in relation…
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Europe
Oceanteam squeezes a profit
Oslo: Oslo-listed Oceanteam Shipping ended 2014 on the upside. The Bergen-based deepwater offshore support vessel specialist showed an operating profit…
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Europe
Russian medal for John Fredriksen
Oslo: Shipping magnate John Fredriksen and Tor Olav Trøim , his former right hand man, have both been awarded Russia’s…
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Europe
Eitzen Chemical reports large losses
Oslo: Eitzen Chemical, which last month entered into a large debt agreement with its creditors, ended 2014 with a significant…
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Europe
New contracts for Deep Sea Supply
Oslo: Fredriksen controlled Deep Sea Supply has secured work for two of its PSVs. Sea Brazil has been contracted to under-fire Petrobras while Sea…
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Europe
DOF shreds five
Oslo: DOF’s subsidiary Norskan Offshore in Rio de Janeiro has entered into an agreement to sell five ships operating in…
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Europe
FPSO explosion off Brazil kills at least five
Oslo: Five people are dead and another four missing following an explosion on the BW Offshore-owned FPSO Cidade de Sao…
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Europe
Odfjell opens saving account
Oslo: It’s no secret that the traditional Bergen-based shipowner Odfjell has not earned money in half a decade and is…
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Finance and Insurance
Report finds technology improvements not improving navigation
Gothenburg: Despite years of improved technology and the widespread implementation of safety management systems, navigational claims remain at the same…
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Europe
Farstad Shipping beats a retreat
Oslo: Only days after Norway’s biggest offshore owner decided to discontinue shipping operations in Aberdeen another retreat has been signaled…
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