German Hapag-Lloyd's operating costs are far too great, says Lars Jensen, SeaIntel Consulting. The carrier's CEO Rolf Habben Jansen (photo) tells ShippingWatch, that he agrees with the criticism. "We should have done better," says Jansen.
Several thousand contracts are currently being transferred from Maersk Line to SeaLand, which launched operations on January 1st as an independent regional carrier serving the Americas. CEO Craig Mygatt talks to ShippingWatch about the upstart process.
The Danish government refuses to include more offshore vessels under its national tonnage tax scheme. As a response, Maersk Supply Service presumably chooses British flag for four newbuildings, CEO Carsten Plougmann Andersen tells ShippingWatch.
Torm has an agreement with an adequate number of banks and funds, and now only some administrative circumstances are keeping the tanker carrier from announcing a complete deal. The job is close to being done, chairman Flemming Ipsen tells ShippingWatch.
The conflict in Yemen could broaden and hit key shipping routes, thus changing the entire power balance in the region if the Iranian-backed rebel movement in the country keeps gaining ground, analysts tell Reuters.
The dive in the oil price is having a dramatic impact on oil and gas activities this year, as companies across the board are cutting exploration costs by more than one third, according to Wood Mackenzie.
Copenhagen Malmö Port (CMP) increased its revenue by seven percent in 2014. Especially activity growth in RoRo, container and dry bulk were driving factors for the increase. Operational results grew slightly.
Maersk Line has ordered seven ice-class container vessels of 3,600 teu each. The orders are part of a new investment program of USD 15 billion. More orders are on the way in 2015, according to the carrier.
"The downturn has not only lasted longer but has also been more brutal than expected," says Norden's acting CEO, Klaus Nyborg. The carrier has laid down 10 points for saving money and changing the development.
The sulfur regulations lead to growing demand for marine gas oil, which is why the world's biggest bunker hub, Singapore, is working to introduce mass flow meters on the port's gas barges, Dr. Parry Oei, Director (Port Services), Maritime and Port Authority, tells ShippingWatch.
Container trade in the American region will grow by up to five percent in 2015. However, the strong dollar challenges the purchasing power of the Latin American countries where currencies have lost significant value, says Craig Mygatt, CEO of Maersk Line's SeaLand, to ShippingWatch.