The meltdown between the West and Russia in 2014, including breaks between western companies and the Russian energy sector, is only a small sample of what is in store this year. According to a Russia analyst, this freezing has only just begun and more companies could be hit.
The major decline in bunker prices will in the coming months result in significant rate slides on the key Asia-Europe and the Pacific trades when carriers adjust their BAF surcharges, according to an analysis from SeaIntel.
The parties involved in the port conflict on the US West Coast have reached a preliminary agreement on a crucial topic, and there are now increasing expectations for a final agreement in the near future.
The deal for Herning Shipping between owner Triton and the carrier's main bank means that the company is now better equipped for growth, CEO Per Sylvester Jensen tells ShippingWatch, adding that he is cautiously optimistic about 2015.
Norwegian marine insurer and P&I club Skuld registered a higher number of collisions in 2014. The number of accidents could grow over the coming year due to increased shipping activity in the wake of the sliding oil price, future CEO Ståle Hansen tells ShippingWatch.
Container carrier UASC has purchased 2,000 reefer container units for its reefer business. Additional orders will be placed later this year as part of the carrier's strategy to focus on reefer, says UASC.
Thorco is preparing for a flat 2015 where the diving oil price could remove projects from the market, CEO Thomas Mikkelsen tells ShippingWatch. Meanwhile, the company's accountants question the carrier's asset values in the latest annual report.
Competition is growing on the trades between Asia and West Africa, where weekly capacity and ships sizes have increased by 40 percent. The big question is how Maersk Line and CMA CGM plan to stay ahead, says SeaIntel.