Eimskip on large-scale European acquisition venture

eimskip.jpg Container:

Earnings increased significantly in the second quarter for Icelandic carrier Eimskip as the carrier heralds several European acquisitions before the end of 2016 along with an imminent collaboration with Royal Arctic Line to service Greenland.

Is Maersk working on a Wallenberg model?

Will the Maersk conglomerate be broken down and replaced by a structure similar to Sweden's Wallenberg, where a central investment company partially or fully owns the companies. This is the expectation from several sources with years of Maersk knowledge and with whom ShippingWatch has spoken.

This week's top stories on ShippingWatch

Verner Hammeken.jpg Carriers:

Royal Arctic Line revealed that the carrier is prepared to give up its monopoly on seafreight to and from Greenland, the LPG players published results weighed down by the low rates, and financial figures show UASC holding a massive deficit ahead of merger with Hapag-Lloyd. Here are some of the key stories this week on ShippingWatch.

New Job

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Guillaume Burette
New title: Chief Executive
New employer: DSV Solutions

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Cecilie Lykkegaard
New title: Head of Secretariat
New employer: Danske Maritime (15.08.16)

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Samir Ferguen
New title: Chartering Manager
New employer: Intermarine

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Christian Benedictsen-Nislev
New title: Maritime and transport lawyer
New employer: NJORD

Avance CEO: The LPG crisis defies common sense

Avance Gas Providence 2.jpg Tanker:

The fact that rates are sliding even though the vessels have plenty to do on the global LPG market go against every shipping theory out there, says Christian Andersen, CEO of Avance Gas. The company is ready to partake in consolidation, but the question is whether BW LPG will get there first?