With his new title as CEO of Svitzer Australia, Steffen Risager often runs into "Australian coffee snobs" and communicates on a daily basis taking selfies around the large continent. Now he has to start thinking before he speaks. ShippingWatch has met the CEO of Svitzer's largest market.
Australia and Brazil, the world's two top iron-ore exporters, will add close to 100 million tons to their supply over the next ten years in a development that looks set to put pressure on the prices, and thus smaller miners, notes Citigroup Inc.
Towage company Svitzer has secured support from a majority of its Australian employees for a new collective agreement, which will most likely mark the end of a long-lasting and difficult negotiation process in the carrier's largest single market.
The Maersk Group's towage unit Svitzer is once again hit by strikes in its largest single market, Australia, where unions are renowned for their power. Svitzer is now hoping that a vote tomorrow, Tuesday, among all employees will get the most unruly ones back in line.