The Maersk Group's sale of its tanker unit to the Maersk family made headlines on ShippingWatch this week. Top stories also included a bankruptcy in the ballast water market and revolt among Seadrill's bondholders.
Terminal operator DP World is not pleased with the conditions for a contract renewal in Indonesia and has thus opted to withdraw as operator of the terminal when the current contract expires in two years.
Compensation claims filed against collapsed OW Bunker, the publication of names of sulfur violators, and J. Lauritzen's Supreme Court defeat against MAN Diesel & Turbo were among this week's top stories on ShippingWatch.
APM Terminals' Managing Director in the Port of Gothenburg, Henrik Kristensen, takes stock after months of conflict: 35 percent of containers are gone, a negative result for the full-year 2017 after a triple-digit loss, and major customers have left. "Now we need to fight our way back," he tells ShippingWatch.
The idea behind Transport & Logistics is for Maersk's container businesses to make more money off each other. This has already benefited APM Terminals. But how will Svitzer, which has its main market in Australia, play into this plan? The Hamburg Süd acquisition will factor into the equation.
The year-long conflict in the port of Gothenburg involving APM Terminals has proved expensive for Swedish industry. Swedish chamber of commerce projects that the conflict could trigger bankruptcies, according to newspaper Dagens Nyheter.
An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.
The International Bunker Industry Association praises the Maritime and Port Authority of Singapore for suspending violators from the major bunkering port, and the association is working with Singaporean players to close loopholes associated with bunker fraud.
Maersk Line grew, benefiting from a strengthened container freight market, while major impairments at Maersk Tankers and APM Terminals dragged the group's overall results down. And the hacker attack came at a high price.
Equity funds make their foray into the North Sea, Maersk's lobbyists are at work in the US, several dry bulk carriers make gains, and a new investment fund from Maersk and a series of pension funds were among this week's top stories on ShippingWatch.
Hutchison Port Holdings can look back at a first half of the year which developed more or less as expected. The terminal operator saw slight improvements across the board, boosted in particular by acquisitions.
This summer week brought several key stories. ShippingWatch reported on the Danish Attorney General's indictment against Lars Møller of OW Bunker. The first half year results of bulk and container bode well for the two sectors. And the new Dan-Bunkering CEO unveiled his ambitious growth target.
That Belgian and French ports are exempted from paying taxes on their profits constitutes illegal state aid, concludes the EU's competition commissioner Margrethe Vestager. But the ports will not be required to repay the received aid.
Among this week's highlights were interim reports from suppliers Alfa Laval and Wärtsilä as well as an interview with Dan-Bunkering's new CEO, while DSV and the Port of Gothenburg talked about communication in relation to unique situations.
CEO of the Port of Gothenburg, Magnus Kårestedt, has spent much of his time in the last 18 months handling the port's labor conflict between APM Terminals and the dockworkers. "Many don't understand the core of the conflict," he says in the latest article in ShippingWatch's series on communication.
Rotterdam's port booked a positive first half of the year with rising freight volumes. But if this development is to continue, the Dutch state must show more support, like in neighboring countries such as Germany, the port urges.
APM Terminals has been warned several times about its inadequate IT security at the Rotterdam terminals. Most recently in 2016, the port's management asked Maersk to deal with the problem, according to Dutch newspaper de Volkskrant, reports Danish media Berlingske Business.
Major internal battles in the UN IMO regarding shipping's role in terms of the climate and environment, accounts from the world's second-largest bunker group, and the Maersk Group's problems after a hacker attack and chemical discharge in the North Sea made headlines this past week.
The French carrier has agreed to sell close to its entire stake in a container terminal in Los Angeles which it took over as part of the acquisition of Neptune Orient Lines. The money from the sale will be used to repay debt, informs CMA CGM.
The large-scale cyber attack on Maersk crippled significant parts of the group and characterized a week in which future capital and ownership conditions also took center stage among the week's top picks on ShippingWatch.
The Maersk Group's key terminal in Rotterdam, Maasvlakte II, is still down following the cyber attack on Tuesday. Containers are being rerouted to other ports in and around the Dutch hub, says Maersk Line on Twitter.
A hacker attack has triggered a large-scale crash of Maersk Group's IT systems, the company tells ShippingWatch. It remains unknown how the group's customers will be impacted. APM Terminals has also been struck in ports in the US and Netherlands.
The current methods for testing whether a dangerous cargo is at risk of liquefaction during sailing are inadequate and should be changed, says the Association of Bulk Terminal Operators, citing various samples of cargoes which have become liquefied despite passing tests.
Development of the container port in Lekki, Nigeria could perhaps become a new job for DP World, but it remains uncertain what exactly is going on and how great the potential is at the moment, writes Alphaliner in an analysis.
Tuesday's announcement that 160 employees will be axed at APM Terminals in Gothenburg was the only option for moving on from the conflict which has cost the terminal company customers as well as revenue. The dockworkers' union is shocked in the wake of the announcement.
MSC is taking over full ownership of one of Brazil's most important export ports in Portonave for almost USD 400 million. The container carrier thus solidifies the concentration of carriers in Latin America's largest economy.
While strikes in Spain and Sweden's largest port Gothenburg are becoming increasingly entrenched, the customers and thus the carriers are seeking out alternatives. And they will not necessarily return when the strikes are over, according to data from Maersk Line.
A bomb threat on a Maersk vessel in the US, a shortage of containers in Latin America's largest economy, and several member states urging the EU not to change national subsidy rules were among this week's top stories on ShippingWatch.
The global container carrier and major customer of APM Terminals in Port of Gothenburg now says that it is considering rebooking close to 50 percent of its port calls. The announcement follows the gridlocked conflict between dockworkers in the port and APM Terminals.
Arab boycott of Qatar with the potential to create difficulties for Hapag-Lloyd, the collapse of Germany's Rickmers Group, and tanker carriers such as Torm and Hafnia in play in an expected consolidation wave, were among this week's top stories on ShippingWatch.
Negotiations between Spanish dockworkers and the ports have not resulted in agreement. The unions have heralded more strikes in June and ports as well as carriers are hard hit. A spokesperson tells ShippingWatch that the EU cannot resolve this labor conflict.
The labor conflict at APM Terminals in Gothenburg, Sweden is once again in gridlock after the public mediator has called it quits. The conflict is costly for the Port of Gothenburg, APM Terminals, and the port's customers.
Another consolidation in the tanker industry. US President Donald Trump will pull the US out of the Paris Climate Accord. 180 years of shipping may come to a end at Rickmers Group. News from Nor Shipping. Read this week's top picks on ShippingWatch.
Terminal operator ICTSI will, with a mutual agreement, withdraw from a more than 20-year long concession arrangement in Lekki Port in Nigeria, abandoning the project entirely. The terminal project is located in the same region in Nigeria where APM Terminals is similarly struggling with a terminal venture.
One of APM Terminals' largest investments, the acquisition of Spanish Grup Maritim TCB, has yet to bring in major gains. This is evident from the annual report for the Maersk family's investment company A.P. Møller Holding, which has had to cut its dividends in half after a tough year for the Maersk Group.
Monjasa suffered massive deficit, while broker Lightship lost a dramatic court case to a former partner. And Dong found a buyer for the company's oil and gas business. Here are this week's top stories on ShippingWatch.
The Port of Gothenburg has now been hit by APM Terminals' lock-out in the intense conflict with port workers. For this reason, the port company has been forced to limit service throughout the rest of May and the month of June. Customers are leaving the port due to the conflict.
After the Spanish government successfully adopted a decree to open competition in the country's ports, a large-scale conflict now looms and could erupt on Wednesday. Meetings on Monday and Tuesday will decide what happens.
The EU Commission has introduced new rules for state subsidies to ports. This will make it easier and more simple for member countries to invest, and is expected to reduce the number of cases in need of approval from the commission.
Spain's government seems to have a majority backing for a new legislative proposal which would privatize Spanish ports after 15 years of deadlock. Unions have already retaliated and call for widespread strikes in May and June. "They cheated us," state the dockworkers.
APM Terminals has filled the position of CFO which has been covered by interim appointees since the former chief financial officer switched to a new position following a big executive reshuffle. The new CFO joins the company from Royal Dutch Shell.
APM Terminals is fed up with the strikes and other industrial actions from dockworkers in Gothenburg over the past year. A new strike warning has prompted APMT's management to herald a partial lockout. Meanwhile, a major customer is deliberating whether to leave the port.
Norden off to a weak start in dry bulk in 2017, a record-large deficit for DSV, strong results from oil majors, and increased political focus on shipping by US and EU authorities were among this week's key stories on ShippingWatch.
Several EU member states, including Denmark, are currently having their state subsidies to carriers and maritime businesses scrutinized, while John Fredriksen's efforts to take over DHT continue. And ShippingWatch was present at the major shipping conference in Singapore this week.
Shipping banks have impaired loans for USD 3.4 billion and DHT stopped an attempt by Fredriksen's Frontline to block the transaction with BW Group. These stories and more were featured this week on ShippingWatch.
The Port of Rotterdam has experienced a notably large increase in the number of containers during the first quarter of 2017. Port authority CEO Allard Castelein believes that the new alliance constellation could lead to a strong year in container for the port.
J. Lauritzen's bondholder dispute was resolved, the carrier relying on money from its owner. More details emerged about the EU approval of Maersk's takeover of Hamburg Süd. And Rickmers Maritime had to throw in the towel. Keep up with this week's top stories on ShippingWatch.
The competition to supply fuel from of Denmark's Port of Skagen is growing more intense. Monjasa no longer has a permanent bunkering vessel affiliated with the company's oil terminal at the port. However, Monjasa's COO and the port CEO both expect that the vessel will return.
Swedish ports such as Helsingborg and Norrköping have experienced an increase in volumes since the conflict between APM Terminals and port workers erupted in Gothernburg. Feeder carriers have also reported an unusual increase in eastern Sweden.
Significant resignations at J. Lauritzen, large deficits from Hapag-Lloyd and the rest of the container sector, the Maersk Group General Assembly, and massive volumes of oil left on two sunken Maersk vessels featured among this week's top stories.
Ships are once again sailing in the busy shipping lane off Houston after hurricane Harvey shut down ports, refineries, and other businesses on the US east coast. The bill could total billions, according to one estimate.
The Danish Maritime Accident Investigation Board's report on the shipwreck of two Maersk vessels made headlines this week, and the spotlight also fell on Klaus Kjærulff's bulk venture, Denmark's plans to expand DIS, and the significantly lower investment level among oil companies.