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.

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.

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.

Harsh Korean criticism of Maersk Line and MSC

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Senior management at Hyundai Merchant Marine says that Maersk Line and MSC cast an unfavorable light on the South Korean carrier during negotiations concerning membership of the 2M alliance. The statement comes shortly after the three carriers have formed a strategic partnership.

Court declares Mitsui liable in dramatic wreck

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A court has ruled that Japan's largest carrier, Mitsui OSK Lines, and not shipbuilder Mitsubishi, is responsible for the wreck of container ship MOL Comfort, in which the ship broke in two. A milestone in the case, says lawyer Jesper Windahl, Windahl Sandroos & Co., who anticipates several new claims.

Last week's top stories on ShippingWatch

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Maersk finally presented its plan for what the group will look like going forward, and what will be sold off. The group also received some rare criticism from Denmark's conservative government. A new shipping bank saw the light of day, and another wants to be global. Here are this week's top picks on ShippingWatch.

FMC approves The Alliance

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The US Federal Maritime Commission has cleared container collaboration The Alliance, which is spearheaded by Hapag-Lloyd and now set to come into force on Dec. 19 on tradelanes to and from the US.

Rumors intensify surrounding Hamburg Süd

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Speculations about an upcoming sale of Hamburg Süd have intensified, and Maersk Line is but one potential buyer, albeit the most likely. The price may seem high but the biggest obstacle could be the internal power struggle in the Oetker family. ShippingWatch has delved into the story.

This week's top stories on ShippingWatch

DFDS CEO Niels Smedegaard 2-version1 Carriers:

DFDS delivered another strong quarterly result during the past week of financial reports from several carriers, Maersk got burned by its own restructuring, and both bulk and tanker saw more setbacks. These were just some of the top stories this week on ShippingWatch.