Maersk spends millions of dollars every year in its efforts to shape the political process at the forge of power in the US. ShippingWatch has looked into which political cases the Danish company's lobbyists are working on, and why.
The food industry, shipping, and the NGOs - in popular terms, the Iron Triangle - have for decades enjoyed a special status when sending aid from the US, which benefits carriers such as Maersk. But the Triangle is facing tough political pressure. ShippingWatch has looked into a troublesome alliance.
The fight against the almost 100-year-old Jones Act, a thorn in the eye of European carriers in particular, has rekindled after Republican Senator John McCain, one of Trump's most ardent critics, is now trying to break from the controversial legislation. ShippingWatch takes a look at a sensitive subject.
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.
Global oil production grew 1.25 million barrels per day in May 2017 compared to the same period last year. US shale oil producers in particular contributed to the increase, notes IEA in its latest monthly report.
The Norwegian Shipowners' Association describes Trump's exit from the Paris Climate Accord as extremely bad news for shipping. Danish Shipping also eyes risks: This could be an excuse for opponents to work harder to halt IMO efforts, says the organisation.
The International Chamber of Shipping will call on the IMO to continue its work to curb shipping's CO2 footprint despite President Trump's decision to withdraw the US from 2015's Paris Climate Accord, Chairman Esben Poulsson tells ShippingWatch.
The US maritime laws, which exempt international container carriers from regular competition regulations, are outdated, according to several US legislators who are prepared to present a new bill in less than a month.
The Journal of Commerce reports that the CEOs of Maersk Line and other container carriers were recently handed subpoenas from US antitrust regulators during a meeting of the industry's closed forum the Box Club.
APM Terminals will invest USD 200 million in its terminal in Port Elizabeth on the US East Coast. The move will prepare the terminal for the ultra-large container vessels which are soon expected to call in the port.
Crew members from the affected countries could be denied rights to go onshore in the US following Donald Trump's entry ban. However, both Norden and Clipper have not experienced any difficulties at this point, they tell ShippingWatch.
The Federal Maritime Commission, which reviews and approves alliances in the container sector, now has a new acting chairman. The US President has appointed Republican Michael Khouri, who will replace Democrat Mario Cordero.
US investor Wilbur Ross emerged with criticism of China and support for US shipping regulations when presenting his vision for his new role as the US secretary of commerce. He also looks set to drop the reins on his companies so that he can accede to public office.
After several days of rumors, Donald Trump has now officially appointed Rex Tillerson, CEO in ExxonMobil, as his new Secretary of State. Several significant politicians from both major US parties have expressed concerns over the new top diplomat's close relationship to Vladimir Putin.
It is in violation of human rights when officers deployed on the stranded Hanjin vessels off the US coast are denied shore leave, says the International Transport Workers' Federation, ITF. The conditions for Hanjin's officers have triggered demonstration by port workers.