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Jeremy Nixon: ONE must find its place among the mega-carriers

"We've actually started over completely, and we're probably the industry's biggest startup," says the CEO of major Japanese container merger Ocean Network Express, Jeremy Nixon, in an interview with ShippingWatch. Things will get real starting April 1 next year.

Declining container rates pressure Maersk's business plan

The decline in container rates has now reached 25 percent since August on the crucial Asia-Europe trade. This development puts pressure on container carriers, not least Maersk Line. Fearnley lowers its expectations for the full-year 2018.

Container freight rates remain sluggish

The third quarter 2017 was significantly better than the dreadful year 2016, but the freight rates are still only on par with the period 2011 to 2014, notes SeaIntel in a new analysis.

Giant vessels pouring into the Port of Hamburg

The new ultra-large container vessels have left a significant impression on the Port of Hamburg, which handled more larger ships in the first nine months of the year. Container freight to the port has grown, while the bulk cargo trade is stable compared with last year.

Hapag-Lloyd third quarter result rises sharply

CEO Rolf Habben Jansen expects that the strong demand which has benefited the industry this year will continue into 2018, he says in a comment to ShippingWatch. Efficiency has picked up significantly.

Shipowner Danaos eyes no improvements in 2018

Danaos Corporation, currently negotiating a refinancing with its creditors after the collapse of Hanjin, has low expectations about the future in light of many newbuilds headed for the market next year.

Drewry concerned about carriers' hesitance to suspend services

"A complete lack" of announcements from the container carriers, in terms of pulling services from the market, leads to concerns at Drewry, which expects improved bottom lines for the container sector next year. "We might have given them too much credit," notes the analyst firm.

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