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APM Terminals on layoffs: Conflict has cost one in five containers

APM Terminals Gøteborg Ports:

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.

This week's top stories on ShippingWatch

Triple-E 8.JPG Carriers:

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.

This week's top stories on ShippingWatch

hapag-lloyd.jpg Carriers:

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.

Spanish dockworkers herald new strikes

IDC.jpg Ports:

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.

Last week's top stories on ShippingWatch

6144046489_65849deac7_b.jpg Carriers:

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.

APM Terminals brings in new CFO from Shell

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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 heralds lockout in Gothenburg

Gøteborg Havn NYK Line Ports:

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.

Last week's top stories on ShippingWatch

Carriers:

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.

This week's top stories on ShippingWatch

lauritzen1.jpg Carriers:

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.

This week's top stories on ShippingWatch

maersksearcher.jpg Carriers:

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.

Last week's top stories on ShippingWatch

johan.jpg Carriers:

Shipowner Johan Wedell-Wedellsborg opened up about the sale of Stena Weco to Stena Bulk, Maersk Group CEO Søren Skou is building a new CEO Office, and the dry bulk shares have skyrocketed in 2017 so far. Here are this week's top picks on ShippingWatch.

Global Ports under severe pressure in 2016

Global Ports CROP.jpg Ports:

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.

Spanish port workers call off strike

IDC.jpg Ports:

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.

APM Terminals boosts investment in Gothenburg

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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.

Global port strikes postponed to March 23

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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

algeciras.jpg Ports:

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

Gøteborg Havn NYK Line Ports:

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

gbghamn-heli16_41a1726.jpg Carriers:

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

hamburgsud4.jpg Carriers:

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

shanghai.jpg Ports:

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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Ports
MSC threatens to slash Gothenburg traffic in half

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.

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