The Chinese container merger has reopened the entire alliance scenario and created hectic activity in places such as Shanghai, where a meeting a few days ago could mark the beginning of an alliance between CMA CGM, the Chinese carrier and OOCL, well-informed sources tell ShippingWatch.
The future of Bulk Invest, formerly Western Bulk, is in the hands of the Japanese shipowners leasing vessels to the carrier. CEO Jens Ismar declines to make predictions about the carrier's chances of survival, he tells ShippingWatch.
Making a living leasing container vessels to a market in a historical crisis is quite a roller-coaster, explains Søren Andersen, CEO of Rickmers Maritime Trust, and the company has been forced to impair the values of its vessels by a total of USD 173 million in the past two years.
A joint effort in the West African region from local and international authorities is necessary to combat increasing piracy, the Director General of the Danish Shipowners' Association, Anne Steffensen, tells ShippingWatch after a container ship was attacked Friday.
Nordic American Tankers' crude oil vessels generated so much money in 2015 that last year become the Norwegian carrier's best ever in terms of cash flow. The company casts doubts on a significant orderbook in 2016.
With Friday's large-scale acquisition, the work to merge Danish DSV and US-based UTI can now begin. A process which will take two-three years, says CEO Jens Bjørn Andersen, who will not rule out layoffs.
Industry stakeholders and analysts project a significant reduction in the number of platforms in the North Sea over the next ten years. Half of the next 25 years of decommissioning will take place between 2019 and 2026, writes BBC.
In an attempt to strengthen the market position for Wallenius Wilhelmsen Logistics in the transport of cars in particular, Wilh. Wilhelmsen ASA is buying out its partners in two joint ventures, according to a corporate statement to the Oslo Stock Exchange.
Anonymous sources inform that Japanese dry bulk carrier Daiichi Chuo Kisen Kaisha is close to reaching an agreement with local industry parties for a rescue plan that will bring the almost-dethroned carrier out of a slow restructuring process and into fresh capital.
A container ship from Maersk Line subsidiary Safmarine was hijacked by pirates on Friday and has how been freed by the Nigerian army. All 25 crew members are safe and free. West Africa has become the new hot spot for pirates.
Many new tankers will enter the market over the next 18 months. This is a cause for concern for several tanker shipowners, Stena Bulk CEO Erik Hånell tells ShippingWatch. He projects new partnerships in 2016.
If Iran succeeds in increasing its export of crude oil by 500,000 barrels a day, then - already on the short term - the daily rates for super tankers could increase by USD 10,000-15,000 a day, projects Clarksons Platou.
With customers such as DSV and Stora Enso, British P&O Ferries has checked off a milestone in terms of volumes on the service between Gothenburg and England, which has historically been a lucrative crossing for DFDS.
Maersk Line, according to Nordea, has reduced exposure on the carrier's main routes between the Far East and Europe from 20 to 15 percent. Executive management is preparing for a whole new world, notes Nordea in a prelude to the Maersk annual report next week.
Everyone is talking about the oil right now - not least the tanker carriers who are experiencing an unusually strong boom. In an interview with ShippingWatch, Frontline's CEO reveals the carrier's own pain threshold for the oil price.