Kristian Siem: bankruptcy should lead to management reshuffles

[og_img] The US Chapter 11 bankruptcy protection legislation contains far too many weaknesses, says shipping investor Kristian Siem. The CEO responsible for the bankruptcy often remains in the post, though according to Siem this person should be dismissed, he says to ShippingWatch. Importing and managing the logistics of your precious freight is no easy task. […]

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Fredriksen

Tanker carrier Frontline, which is controlled by John Fredriksen, booked a net deficit of USD 19.4 billion in the second quarter, which in CEO Robert Hvide Macleod’s words was decidedly weak. Primarily due to the growth in the global tanker fleet. The size of the deficit is explained by expenses for drydocking of USD 12.2 […]

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