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Global Ports under severe pressure in 2016

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Global Ports, which is partially owned by APM Terminals, experienced a large decline in revenue in 2016 following significantly reduced container activity in Russia. "The Russian container market remained sluggish," says CEO Vladislav Baumgertner. But there are signs of improvements ahead.

Global port strikes postponed to March 23

150906 TCB Barcelona container terminal photo.jpg Ports:

The dockworkers organized in the International Dockworkers' Council (IDC) have postponed the strikes otherwise scheduled to take place in ports across the world on Friday, March 10, to instead March 23. But IDC has withdrawn from the so-called social dialog headed by the EU.

Port strikes could go global on Friday

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The International Dockworkers' Council is planning coordinated strikes in Europe and the rest of the world on Friday to signal solidarity with the Spanish port workers, which are currently in a conflict with the government concerning a new bill.

APM Terminals sues former owner of TCB

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APM Terminals has filed a lawsuit against the Spanish businessman and former owner of Grup Maritim TCB, Ángel Pérez Maura. The company is seeking compensation after becoming entangled in a Guatemalan corruption case. Maura also sued APM Terminals.

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Gothenburg port conflict has reached impasse

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The conflict between port workers and the management of APM Terminals in Gothenburg has reached a total impasse and is now at its most severe point since the conflict began close to a year ago. A crucial meeting between the parties Wednesday ended without a result.

APM Terminals' delayed TCB port set to open

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APM Terminals has received the final approvals to operate the newly built terminal in Guatemala, which is at the center of a large-scale corruption scandal. The first ship called on Sunday, and the terminal is expected operational soon. The opening was met with local protests.

Last week's top stories on ShippingWatch

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Trendsetting companies in sectors such as tanker presented financial reports, APM Terminals opened up about the future partnership with Maersk Line, and we got to know a shipping company which usually subscribes to a great degree of discretion. This week's top picks on ShippingWatch.

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This week's top stories on ShippingWatch

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Perhaps Maersk Line can expect a positive result in its interim report, set for release next Wednesday. The battle for the ballast water market has begun. John Fredriksen struggles with two separate issues. And Shipping and offshore are hurting banks. Read this week's top picks on ShippingWatch.

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Keppel shuts down three yards in Singapore

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Offshore and marine company Keppel delivers its smallest annual profit in ten years and will thus close three yards in its homeland of Singapore. The workforce has been reduced by about one third and the CEO is ready to do what is necessary.

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Shanghai still world's busiest port

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Shanghai cemented its position as the world's busiest container port in 2016. Despite a tough year for global trade, the port succeeded in increasing the number of twenty-foot containers. Singapore follows in second place.

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Last week's top stories on ShippingWatch

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Mitsui OSK Lines was blamed for a dramatic 2013 wreck, Hyundai Merchant Marine lashed out at Maersk Line, while Kristian Mørch talked about his turnaround of Odfjell this week on ShippingWatch, which also brought news about Thorco, Rickmers Maritime, and the oil sector.

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Last week's top stories on ShippingWatch

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Maersk finally presented its plan for what the group will look like going forward, and what will be sold off. The group also received some rare criticism from Denmark's conservative government. A new shipping bank saw the light of day, and another wants to be global. Here are this week's top picks on ShippingWatch.

This week's top stories on ShippingWatch

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Maersk Line acquired Hamburg Süd, the OPEC members agreed on a production cap, and a deal between Hyundai and the 2M alliance inched closer this week in the shipping industry. Make sure to read up on the continued trouble in Norwegian offshore as well.

Last week's top stories on ShippingWatch

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Maersk Line is one potential buyer in huge transaction rumored to be imminent in the container market. OPEC may be inching closer to a deal that would benefit tanker carriers. And the crisis deepens among supply carriers. Here are some of this week's top stories on ShippingWatch.

This week's top stories on ShippingWatch

DFDS CEO Niels Smedegaard 2-version1 Carriers:

DFDS delivered another strong quarterly result during the past week of financial reports from several carriers, Maersk got burned by its own restructuring, and both bulk and tanker saw more setbacks. These were just some of the top stories this week on ShippingWatch.

Ports
Spanish port workers call off strike

The Spanish port workers have decided to call off an announced strike today, Friday, as well as the three remaining strike days in the comprehensive protest against the government, after the Spanish congress has votes against a proposal concerning labor reforms, report several media.

Ports
Last week's top stories on ShippingWatch

Maersk plans to sue a Spanish billionaire, Torm CEO Jacob Meldgaard talks to ShippingWatch after the release of the carrier's annual report for 2016, and dry bulk may be closer to recovery. All this and more on ShippingWatch this past week.

Ports
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APM Terminals boosts investment in Gothenburg

APM Terminals has signed an addendum to the concession with the Port of Gothenburg, which means that the Maersk Group port unit will invest another SEK 250 million in the port ahead of 2024. The investment happens alongside a gridlocked labor conflict in the terminal.

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