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Eimskip ready for more acquisitions after record year

eimskip-lagarfoss.jpg Container:

Icelandic container carrier Eimskip booked record-breaking earnings in 2016. Management expects that the positive trends will continue in 2017 where the acquisition of two logistics companies is expected to boost business. The carrier is still looking for more acquisitions.

SeaIntelligence founder: This is the container industry in 2025

Lars Jensen SeaIntel Container:

One of the leading observers and analysts of the international container industry, founder of SeaIntelligence Consulting, Lars Jensen, presents a qualified projection in his new book about what the sector will look like in 2025. ShippingWatch offers an excerpt from the book here.

Here is an overview of the Maersk annual report

Maersk Tankers slæbebåd towage Container:

Maersk Line, the world's largest container carrier and the Maersk Group's core business, emerged from 2016 with a resounding loss, and the group as a whole lost nearly USD 2 billion, mainly due to the offshore segment. Here is an overview of Wednesday's annual report from Maersk.

Taiwanese carrier beats Maersk in reliability

wanhai2.jpg Container:

Taiwanese carrier Wan Hai has knocked Maersk out of first place in the ranking of the most reliable global carriers. Maersk Line has dropped down to number five on SeaIntel's annual list. However, this is not because the Danish carrier is getting worse at keeping to its schedule.

This week's top stories on ShippingWatch

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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.

Jefferies: Maersk Line once again on track for profit

Maersk Line container 4 Container:

In the first analysis from a major investment bank ahead of the Maersk Group's annual report on Wednesday next week, Jefferies estimates that the container industry is currently enjoying developments strong enough to send Maersk Line into the black in the fourth quarter after the downturn that characterized the rest of 2016.

German shipowners are frequent scrapyard users

maerskwyoming-pr.jpg Container:

German shipowners scrapped 98 of 100 retiring vessels on the beaches of India, Bangladesh, and Pakistan. Yard workers and the environment are paying the price for the German shipping industry's financial woes, says Shipbreaking Platform. Find the list of scrapped vessels here.

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

korealine.jpg Container:

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.

Jefferies praises new Maersk strategy

maersk.jpg Container:

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.

Last week's top stories on ShippingWatch

maersksearcher.jpg Carriers:

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.

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