Maersk Tankers books huge impairment on vessels

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The Maersk Group's product tanker carrier, Maersk Tankers, lost more than USD 483 million in the second quarter, a deficit that pulls the group into the red. Port unit APM Terminals also booked impairments related to several ports.

Moody's has renewed faith in the shipping industry

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One of the world's leading rating agencies, Moody's, once again believes in the shipping sector which no longer has negative prospects. There are positive expectations to the container and dry bulk segments, shows a report from the firm. It is a whole other story for tanker carriers.

Communication helps shape the new Hapag-Lloyd

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Communication plays a key role in the transformation of 170-year-old Hapag-Lloyd, explains communications director Nils Haupt. From external branding, communication with politicians and consumers to the internal shaping of a company. This is the latest article in ShippingWatch's series about communication in the maritime industry.

Media: CMA CGM gearing up to order new mega-vessels


Rumors of a tonnage expansion have surrounded France's CMA CGM for some time, and now several media report that the carrier will soon place an order for a series of container ships with capacities upwards of 22,000 teu, which would be the world's biggest container vessels so far. The carrier remains silent.

Hanjin still haunts Greek shipowner Danaos

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Greek Danaos is still struggling with fallout from the collapse of Hanjin, to which the container shipowner had chartered several vessels. Meanwhile, the market will remain under pressure from the many mega-vessels, says CEO John Coustas, who does not expect recovery anytime soon.

Last week's top stories on ShippingWatch

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This summer week brought several key stories. ShippingWatch reported on the Danish Attorney General's indictment against Lars Møller of OW Bunker. The first half year results of bulk and container bode well for the two sectors. And the new Dan-Bunkering CEO unveiled his ambitious growth target.

Drewry lowers expectations for Intra-Asia

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The anticipated growth in container volumes on the intra-Asian routes will be smaller than previously estimated, writes analyst firm Drewry. But the routes will still "make a significant contribution" to the global container growth this year, notes the firm.

Family-owned PIL could be next acquisition candidate

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Analyst firm Alphaliner points to Singapore-based Pacific International Lines (PIL) as the most obvious acquisition candidate among the four carriers currently not part of the major alliances in the container market. However, the owning family told ShippingWatch in May that a sale was not in the cards.

Maersk's booking system up and running

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Companies can once again book Maersk's vessels to transport their cargo, informs the Danish shipping giant. And APM Terminals' container terminals are operational again although there could be delays, says Maersk Group in its latest update about the massive cyber attack Tuesday.

This week's top stories on ShippingWatch

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APM Terminals lays off 160 in Gothenburg in a move to end the protracted port labor conflift. Shipowners look to postpone the ballast water convention by two years. Shippers worry about a shortage of reefer containers. Oil is headed for USD 40. Here are this weeks top picks.

Billion-dollar Brazilian exports hit hard by container shortage

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Food goods are towering up on Brazil's east coast and every part of the supply chain from exporters, to port terminals, and warehouses are struggling with a lack of refrigerated containers. Carriers such as Maersk Line, MSC, and Hamburg Süd have moved containers to other locations in Latin America where rates are higher, critics tell ShippingWatch.

This week's top stories on ShippingWatch

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Arab boycott of Qatar with the potential to create difficulties for Hapag-Lloyd, the collapse of Germany's Rickmers Group, and tanker carriers such as Torm and Hafnia in play in an expected consolidation wave, were among this week's top stories on ShippingWatch.