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Torm CEO still focusing on spot in red-hot product tanker market

Torm is banking exclusively on the spot market despite the product tanker upswing. Continued uncertainties and forthcoming sanctions make it hard to predict what to expect of the market, said CEO Jacob Meldgaard during Capital Link Forum. ....

Jacob Meldgaard , Capital Link Forum , Capital Link ,

Sohmen-Pao expects shipping's green transformation to be delayed

Elevated costs and energy prices might postpone shipping’s green energy transition, says BW Group Chair Andreas Sohmen-Pao in an interview with ShippingWatch on the consequences of the current geopolitical situation for shipping. ....

Jacob Meldgaard , Capital Link Forum , Capital Link ,

Upcoming ship design demands render new ship commissions impossible for Star Bulk

The dry cargo operator has no intentions of adding new ships to the order book as long as no one knows what vessel types are able to meet upcoming demands for ship design. ”We are pretty sure that it is not the same ship we want in 2030,” says Star Bulk President Hamish Norton. ....

Hamish Norton , Capital Link Forum , Star Bulk , New York ,