ShippingWatch ShippingWatchUk da Copyright 2012, ShippingWatch Tue, 27 Jun 2017 13:10:20 GMT ShippingWatch - latest news ShippingWatch - latest news 2017-06-27T13:10:20Z da Copyright 2012, ShippingWatch ShippingWatch Acquisition grows bottom line at Shipping Holding Shipping Holding, part of Torben Østergaard's USTC group, achieved growth on the bottom line after a major acquisition in the past fiscal year. More acquisitions are in store for the company. Services Tue, 27 Jun 2017 13:10:20 GMT BY LOUISE VOGDRUP-SCHMIDT 2017-06-27T13:10:20Z true Brazilian president charged with accepting bribes Michel Temer is facing mounting pressure shortly after secret recordings officially drag the president into the Petrobras scandal. He could remain in office despite minimal support from the population, Offshore Tue, 27 Jun 2017 13:05:40 GMT BY MAZ PLECHINGER, ENERGYWATCH 2017-06-27T13:05:40Z true Maersk confirms: IT crash is caused by hackers A hacker attack has triggered a large-scale crash of Maersk Group's IT systems, the company tells ShippingWatch. It remains unknown how the group's customers will be impacted. APM Terminals has also been struck in ports in the US and Netherlands. Container Tue, 27 Jun 2017 12:39:40 GMT BY DANIEL LOGAN BERG-MUNCH | LOUISE VOGDRUP-SCHMIDT | NIKLAS KRIGSLUND | SØREN PICO 2017-06-27T12:39:40Z true EU tax negotiations for shipping could last rest of the year Greece and the EU Commission could possibly spend the rest of the year negotiating the country's taxation of shipowners. The negotiations could affect other EU member states. Carriers Tue, 27 Jun 2017 11:02:27 GMT BY OLE ANDERSEN 2017-06-27T11:02:27Z true Cosco Shipping secures financing for tanker vessels Cosco Shipping has signed a credit agreement with bank Cexim for USD 544 million which will be used to finance ten tanker vessels, notes Fearnley Securities in an update. Tanker Tue, 27 Jun 2017 11:02:05 GMT BY LOUISE VOGDRUP-SCHMIDT 2017-06-27T11:02:05Z true JP Morgan slashes oil price estimate for the rest of the year The major bank will now lower its oil price estimates for the third and fourth quarters this year. Offshore Tue, 27 Jun 2017 11:01:30 GMT BY RITZAU FINANS 2017-06-27T11:01:30Z true China investing billions in African LNG projects Chinese investors are looking to place around USD 7 billion in projects involving floating LNG production facilities, reports Reuters. Offshore Tue, 27 Jun 2017 08:57:51 GMT BY LOUISE VOGDRUP-SCHMIDT 2017-06-27T08:57:51Z true Claus-Peter Offen will spearhead German consolidation Just as a wave of mergers and acquisitions has consolidated container carriers in recent years, the many German tonnage owners need to join forces. One of the premier personalities in German shipping, Claus-Peter Offen, tells ShippingWatch that he is ready to spearhead the process. Container Tue, 27 Jun 2017 08:18:45 GMT BY TOMAS KRISTIANSEN 2017-06-27T08:18:45Z true A new coat of paint is rocking the global shipping industry A shift in China toward less toxic coatings for containers has sent costs skyrocketing, delivering a blow to the shipping industry just at a time when the sector is anticipating a degree of recovery. Suppliers Tue, 27 Jun 2017 06:23:46 GMT BY ABHISHEK VISHNOI & KYUNGHEE PARK, BLOOMBERG 2017-06-27T06:23:46Z true Media: Maersk invites banks to list oil division Maersk is looking for a Nordic bank and an international bank to handle the oil division's IPO, reports Danish media Berlingske. The conglomerate has allegedly issued invitations to a series of banks, including Danske Bank. Offshore Tue, 27 Jun 2017 05:25:39 GMT BY LEONORA BECK 2017-06-27T05:25:39Z true Frontline abandons corporate acquisitions and bets on own fleet John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch. Tanker Mon, 26 Jun 2017 13:52:37 GMT BY TOMAS KRISTIANSEN 2017-06-26T13:52:37Z true Are MPP owners headed out of a ten-year slump? Drewry eyes signs of recovery in the project cargo market in the second half of the year and into 2018. Part of the reason stems from improvements in competing sectors in dry bulk and container. Bulk Mon, 26 Jun 2017 13:33:37 GMT BY OLE ANDERSEN 2017-06-26T13:33:37Z true Norwegian oil companies experiencing huge price decline since the new year The ten most valuable oil and oil service companies listed in Oslo have had a negative return of NOK 67 billion since the beginning of the year. Statoil accounts for the by far biggest share of the price fall, which is attributed to the unexpected low oil price, writes E24. Offshore Mon, 26 Jun 2017 13:04:56 GMT BY NIKLAS KRIGSLUND 2017-06-26T13:04:56Z true