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Icelandic seafarers: Eimskip deal secures jobs in Iceland

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Iceland Seaman's Union believes a new deal with Eimskip now secures employment for members. The crews on board the carrier's vessels will be the focus of attention among Danish navigators when Eimskip and Royal Arctic Line launch their partnership in the North Atlantic.

Hapag-Lloyd executes its UASC redundancy plan

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Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

SM Shipping is short thousands of containers

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The new South Korean container carrier SM Shipping, built on the remains of Hanjin Shipping, will have to gather close to 90,000 containers if it wants to launch operations in March. A spokesperson from SM Shipping explains that the carrier is working at full steam to solve the problem.

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Hundreds of directors form the future of Maersk

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Over two days of this week, hundreds of managers from Maersk Transport & Logistics voiced their thoughts on the future of Maersk at a seminar in Copenhagen. It involved talking strategies and growth goals for the new Maersk. Two management teams in particular are critical to the outcome.

Stena AB repays huge bond loans

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Major and wealthy Swedish shipping group Stena AB is, unlike several of its Nordic peers which are currently wrestling with their bondholders, able to repay two large bond loans for a total EUR 600 million, which are set to mature on Feb. 1 this year.

Fearnley steps up the dry bulk recovery

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The extreme pressure in recent years on dry bulk carriers seems to be letting up, and 2018 in particular looks poised to be a turning point in all crucial aspects, concludes Fearnley Securities in a comprehensive analysis of the dry bulk market.

Jefferies praises new Maersk strategy

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Investment bank Jefferies believes that Maersk Group's new strategy will create more value for shareholders. There are good opportunities for synergies in the transport division, while future divestments of the energy companies could free up billions of dollars, according to the bank.

Senior VP leaves Odfjell after 17 years

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Senior Vice President Helge Olsen is stepping down as Odfjell's head of ship management after serving 17 years at the Norwegian carrier. He will be replaced internally until a permanent solution is found, the carrier writes in a statement.

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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.

DFDS CEO has a hard time giving up control

DFDS CEO Niels Smedegaard 2-version1 Carriers:

Executive colleagues say that he has a keen intuition. But the former military man describes himself as somewhat of a control freak. ShippingWatch portrays the second of two highly successful chief executives in the transport sector in 2016: DFDS CEO Niels Smedegaard.

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The Maersk family investment company takes shape

Two generations in the Maersk family hold central positions in the investment company A.P. Møller Holding, which has now recruited two experienced Maersk execs. With CEO Robert Uggla's own information officer, the company will take on a more outgoing profile. ShippingWatch outlines the new firm here.

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