Euronav chief executive Hugo De Stoop has claimed the Saverys family may be regretting its move to take its shipping company Compagnie Maritime Belge (CMB) private. The bulker and container ship operation left the Brussels Euronext exchange in 2015. The tanker executive said CMB’s diversification strategy is not suitable for a listed company. CMB is of course a major shareholder in Euronav.
A Dubai-based ship manager newly sanctioned by the European Union has been linked to the first “dark” ship-to-ship transfer of Urals crude in the Mediterranean since the bloc’s ban on Russian crude imports. A ship managed by Sun Ship Management carried out the cargo move with a second vessel that went dark off the coast of Greece, according to a data analyst firm.
Two top bosses at Singapore product tanker company Hafnia have been rewarded for a rising share price following a record year. The Oslo-listed BW Group-owned operation said chief executive Mikael Skov and chief financial officer Perry van Echtelt have exercised options for 1.67m shares granted under an incentive scheme in 2019. The 1.37m shares acquired by Skov are now worth NOK 87m ($8m).
Wallenius Wilhelmsen boss Lasse Kristoffersen says he will not rest until shipping has reached net zero. And he joked this could see him keep working until he is a very old man. The Norwegian car carrier company’s chief executive said in an interview for the launch of Nor-Shipping: “I have told myself that I will not leave this industry until I’ve seen it reach zero. “If it takes me up to 90, I’m not giving up.”
There has been something cinematic about the sell-offs in the dry freight derivatives market over the past months — trading screens have been awash with red. But on Tuesday the forward freight agreement market rose like Count Orlok from his coffin in Nosferatu. Capesize, panamax and supramax contracts were all lifted by crazed buying across the board with March contracts for all three segments considerably higher than Monday.
India’s Gatik Ship Management has bolstered its reputation as the world’s biggest tanker buyer since Russia’s invasion of Ukraine as brokers link it to yet more purchases that boost its fleet size to nearly 50 vessels.
This week, TradeWinds’ Green Seas First Movers Business Focus profiles some of the shipowners, operators and charterers that are early adopters of the fuels and technologies that aim to clean up shipping. Read about the first movers here.
