Tomas Kristiansen

Copenhagen

Reporter and Editor at ShippingWatch

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Articles

Shipping companies maintain Chinese shipyards as main vessel supplier

1 month ago | shippingwatch.com | Tomas Kristiansen

Despite fees on Chinese vessels, major owners are signing orders with shipyards in China. Broker confirms there is no change in the pattern.
ONE fears tariffs will slash profits by around 75%

1 month ago | shippingwatch.com | Tomas Kristiansen

Quarterly earnings update from ONE provides the first accurate picture of the US-imposed tariffs’ severity for the industry.
Saverys bets heavily on ammonia: Expects prices to drop sharply

1 month ago | shippingwatch.com | Tomas Kristiansen

Family-owned CMB.Tech is offloading and acquiring vessels at a rapid pace. Every deal, however, must comply with the group’s decarbonization target.
Singapore's Vasi Shipping files for insolvency

1 month ago | shippingwatch.com | Tomas Kristiansen

According to Alphaliner, the container carrier is said to have been victim of a toxic mix of falling freight rates and strong charter rates. Singapore-based container carrier Vasi Shipping has announced the start of its insolvency proceeding, according to Alphaliner.
Execs applying for V.Group positions forced to buy shares to get hired

1 month ago | shippingwatch.com | Tomas Kristiansen

”The headhunter presented two documents: A job contract and an investment scheme. But no-one told me about the huge losses of the company,” a former exec says. If you applied for an executive position with V.Group, even if the process was initiated after you were approached by a headhunter, you were obliged to buy shares with your coming employer.
DP World says manufacturing and trading hubs may emerge despite tariff chaos

1 month ago | shippingwatch.com | Tomas Kristiansen

One of the world’s largest shipping, logistics and ports companies says ”businesses are facing significant adjustments.”US president Donald Trump’s trade war with unprecedented tariffs imposed on goods from all over the world may create chaos, but it could also spark opportunities in other regions of the world.
With scarce regulation green fuels are still a pure cost issue in Singapore

1 month ago | shippingwatch.com | Tomas Kristiansen

The Port of Singapore has introduced and tested green fuels bunkering. Two of the bunker majors in the port say the market is still very limited.
Businesses are cancelling container shipments from Asia to the US

1 month ago | shippingwatch.com | Tomas Kristiansen |Kit Lindhardt

A container alliance of three Asian shipping lines has suspended a planned route to the US. Analysts are also seeing more canceled shipments from Asia. by TOMAS KRISTIANSEN, KIT LINDHARDTThe US tariff hammer has come down hard on imports of goods from China and other Asian countries, and the impact has now reached shipping directly.
Hong Kong shipping dynasty boss urges government to learn from its peers

2 months ago | shippingwatch.com | Tomas Kristiansen

Hong Kong must speed up decarbonization to maintain attractive, says Hing Chao, executive chairman of Wah Kwong. Singapore should inspire, not be feared.
Berge Bulk buys stake in "strong and strategically positioned" Genco

2 months ago | shippingwatch.com | Tomas Kristiansen

The Singapore-based bulk carrier has acquired more than 7% of the US-listed company through its investment arm . James Marshall, founder and chief executive of Berge Bulk, has acquired a 7.3% stake in US listed bulk carrier Genco, the company confirms in an e-mail to ShippingWatch.