According to Alphaliner, there does not seem to be much factual evidence to support the claims that the container merger between Japan's three biggest carriers will disrupt competition in South Africa.
Maersk customers such as Jysk and DSV are currently trying to get clarification concerning the situation following Tuesday's cyber attack. If worst comes to worse, they could look toward other carriers, they tell ShippingWatch.
A hacker attack has triggered a large-scale crash of Maersk Group's IT systems, the company tells ShippingWatch. It remains unknown how the group's customers will be impacted. APM Terminals has also been struck in ports in the US and Netherlands.
Starting next month, Maersk Line's customers will be able to monitor where the carrier's reefer containers are located as well as the internal temperatures. This comes in response to requests from customers, says CCO.
The hacker attack on Tuesday against the Maersk Group constitutes a massive test of the group's security procedures, analyst Lars Jensen of Seaintelligence Consulting tells ShippingWatch. The problems are now accumulating.
Just as a wave of mergers and acquisitions has consolidated container carriers in recent years, the many German tonnage owners need to join forces. One of the premier personalities in German shipping, Claus-Peter Offen, tells ShippingWatch that he is ready to spearhead the process.
The container carriers' higher freight rates do not constitute an actual problem for Danish freight forwarder Scan Global Logistics. But the CEO tells ShippingWatch that he hopes prices will soon stabilize.
Chinese Cosco Shipping has ordered 14 new container vessels for USD 1.8 billion in order to boost its fleet between Asia and Europe, where carriers such as Maersk Line, MSC and CMA CGM currently dominate.
Evergreen Line has entered a partnership with Alibaba for online booking of container transport. The Taiwanese carriers thus follows suit behind competitors such as Maersk Line, CMA CGM, and Cosco, all of which have formed similar arrangements with the Chinese IT behemoth.
Tim Wickmann steps down as CEO of Maersk Line's Asian subsidiary MCC and leaves the Maersk Group after 27 years. He will be replaced by an experienced Maersk exec who takes over as CEO of the Singapore office in August. Also, a new head of Southeast Asia has been appointed.
Spot rates from China to South America rose to their highest level since 2009 after a doubling over the last three months. North-to-South rates weighed down Maersk Line in particular in the first three months of the year.
Even though China's Cosco and Orient Overseas in Hong Kong reject whispers of an imminent merger worth around USD 4 billion, it is likely only a matter of time before a deal is settled, reports Drewry and others.
MSC is taking over full ownership of one of Brazil's most important export ports in Portonave for almost USD 400 million. The container carrier thus solidifies the concentration of carriers in Latin America's largest economy.
A bomb threat on a Maersk vessel in the US, a shortage of containers in Latin America's largest economy, and several member states urging the EU not to change national subsidy rules were among this week's top stories on ShippingWatch.
Is Maersk Line now also a bank? The carrier has, at any rate, doubled its lending business to customers in just one year, project manager Vipul Sardana tells ShippingWatch. The Trade Finance project is now launched in the US. After the US comes UAE.
The global container carrier and major customer of APM Terminals in Port of Gothenburg now says that it is considering rebooking close to 50 percent of its port calls. The announcement follows the gridlocked conflict between dockworkers in the port and APM Terminals.
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.
A 48-hour strike has completely stalled one of Europe's most important container ports, Algeciras in Spain, until Friday morning. According to Spanish media, Maersk Line plans to permanently withdraw some of its volumes from the key port. MSC vessels have been rerouted.
MSC battled fierce competition for its North European business, as evident from the annual report 2016, in which the bottom line suffered a significant setback. The carrier expects to maintain a positive result for 2017.
Investment bank Jefferies expects that Maersk Line will improve its result for 2017 by USD 2 billion. This is 32 percent above consensus among analysts and twice as much as Maersk Line CEO Søren Skou has previously projected.
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.
The culture at Hamburg Süd is born at the intersection of independence and an anchorage in the habits of a German industrial dynasty, among these not to open the doors to the public. With Maersk Line's acquisition, one question in particular becomes pertinent.
It will be possible after all for Maersk Line and other container carriers to ship cargo to Qatar even though the country has been isolated by its neighbors, headed by Saudi Arabia, informs the carrier.
Newly-founded shipowner MPC Container Ships has sold shares for USD 75 million. The funds will be used to buy more vessels. The company has already purchased 13 container vessels set to operate in feeder.
Just two weeks after the merger between Hapag-Lloyd and UASC, the boycott of Qatar is threatening to poison the partnership between two of the largest shareholders in the German carrier. Customers as well as other shareholders call for answers which are difficult to provide in the complex situation.
Qatar owns close to 15 percent of the share capital in Hapag-Lloyd, and this could pose problems for the planned capital expansion in light of the state's current conflict with its Arab neighbors, writes Alphaliner. Several container carriers are already hit by the boycott against Qatar.
The container sector's main tradelane from Asia to North Europe is being serviced by ever-larger vessels. The 2M alliance with Maersk Line and MSC is at the forefront of this trend in which the biggest container vessels are deployed on Asia-Europe, forcing the already large vessels down onto the smaller trades, notes SeaIntel.
When the oil price was at its lowest, it paid off for many carriers to once again sail south of Africa instead of using the Suez Canal. According to SeaIntel, this has changed as the oil price has increased.
Rickmers Holding is still working to settle a new restructuring after the company filed for insolvency at the court in Hamburg last week. The company's insolvency is "a blow to the German maritime cluster," says the German Shipowners' Association.
Another consolidation in the tanker industry. US President Donald Trump will pull the US out of the Paris Climate Accord. 180 years of shipping may come to a end at Rickmers Group. News from Nor Shipping. Read this week's top picks on ShippingWatch.
180 years of shipping history could be about to end as Germany's Rickmers Group has now officially filed for insolvency in Germany. The reknowned shipowner is thus headed for a dramatic and final collapse.
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.
MPC Container Ships adds another three container ships to the company's growing fleet. With the latest acquisitions, the newly-established shipowner now owns 11 feeder vessels, all geared towards the feeder market.
The influx of new mega-ships onto the world seas this year along with new alliance networks spell good news for feeder carriers such as Unifeeder, which expects growth and higher earnings in 2017 after weaker 2016 results than expected.
Shipowner MPC Container Ships will be listed on the Norwegian stock exchange Merkur Market. MPC Container Ships was founded by MPC Capital and financed with Norwegian money. Earlier this month, the company bought seven container vessels.
Since the first generation of larger container vessels hit the water in 2012, things have only gone one way for the number of weekly departures on major routes. SeaIntel has reviewed how many departures the major vessels have cut from their schedules.
Monjasa suffered massive deficit, while broker Lightship lost a dramatic court case to a former partner. And Dong found a buyer for the company's oil and gas business. Here are this week's top stories on ShippingWatch.
Hapag-Lloyd and UASC are now officially merged after the two container carriers have agreed on the last remaining formalities in the deal. The merger will create the world's fifth-largest carrier by capacity. Get the latest details here.
Container carrier CMA CGM increased its net earnings in the first quarter 2017, which marked a big improvement compared to the same period last year. The acquisition of APL contributes positively to the business for the first time.
The EU Commission is informally contacting stakeholders to determine if the prices between Europe and Asia have increased after April 1 this year as a consequence of the fact there are now only three major container alliances left operating.
Cosco Shipping Group plans to launch a large financing fund for targeted investments in shipping. The fund will be split into a yuan fund and a dollar fund and will focus on, among other things, struggling companies.
A "temperature reading" of how far container companies have gone with their digital customer service does not bode well for customers and the general service level, concludes SeaIntel after carrying out a new test.
Bondholders have become an unforeseen powerhouse in the many restructurings of maritime companies. This is visible in the case of Rickmers Maritime and Rickmers Group which are currently fighting with bondholders.
Like its major competitor Maersk Line, German container carrier Hapag-Lloyd was slammed by higher bunker prices in the first quarter, where the carrier booked a loss of EUR 62.1 million. Expenses for ports and terminals towered up for the company, writes Clarksons Platou.
Maersk Line's deficit is symbolic of continued struggles throughout the container industry, analyst Lars Jensen tells ShippingWatch. He thinks that two things in particular are worrying about the numbers. CEO Søren Skou on the other hand stand firm on the forecast for the full-year 2017.
Bondholders are uncertain about the rescue plan proposed by German shipping company Rickmers Group aimed at securing continued operations. The plan includes Chairman Bertram C. Rickmers surrendering control of parent unit Rickmers Holding.
In the wake of massive consolidation, pressure is mounting on medium-sized container carriers such as Singapore-based PIL. "But we are not for sale," the carrier's Executive Director Lisa Teo tells ShippingWatch, although she does acknowledge the challenges ahead.
Customers have been saying it for a long time, and new figures document that the container carriers are far from able to comply with their service schedules. Maersk Line acknowledges to ShippingWatch that the industry including the carrier itself is not performing satisfactorily. "We have a service problem that needs to be solved."
Peter Frederiksen, who since 2012 has been part of the executive team at Hamburg Süd, will leave the German carrier when Maersk moves in. Now he plans to pursue an active board career, he tells ShippingWatch in an interview.
Norden off to a weak start in dry bulk in 2017, a record-large deficit for DSV, strong results from oil majors, and increased political focus on shipping by US and EU authorities were among this week's key stories on ShippingWatch.
Spot rates on the key container tradelane Asia-Europe took a big dive last week, according to a survey from Drewry. The firm expects the rates to keep sliding as there is by now more space available for shippers.
Two prominent senior executives from Maersk Line will join the management team of German container carrier Hamburg Süd. The carrier has also tapped a new CEO from its own ranks for when Ottmar Gast steps down. The changes are contingent on the finalization of the acquisiton.
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.
With the delivery of Madrid Maersk, the first vessel in its new mega-series, Maersk Line has begun to take delivery of the 27 vessels set to enter the company’s fleet over the next two years. The carrier will return short-term chartered vessels from all segments to their owners, explains COO Søren Toft.
Several EU member states, including Denmark, are currently having their state subsidies to carriers and maritime businesses scrutinized, while John Fredriksen's efforts to take over DHT continue. And ShippingWatch was present at the major shipping conference in Singapore this week.
The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.
2017 did not begin as well as last year for Seaspan. However, the shipowner has faith in the future and is ready to benefit from the reconstruction of the container market which is currently underway, says CEO Gerry Wang.
2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.
Alphaliner's chief analyst, Tan Hua Joo, is one of only a few external experts who has been asked by the container sector's secretive Box Club about his view of the future. He now warns the carriers of a worrisome development.
One of Europe's biggest logistics and forwarding companies, Kuehne+Nagel, will take the container carriers' abilities to go digital into account when signing orders in the future, CEO Detlef Trefzger tells ShippingWatch.
Shipping banks have impaired loans for USD 3.4 billion and DHT stopped an attempt by Fredriksen's Frontline to block the transaction with BW Group. These stories and more were featured this week on ShippingWatch.
Rickmers Maritime Trust is selling its entire fleet of container vessels to a Greek carrier. The sale comes one week after the Singapore-based company announced that it was giving up after battling to survive for months, and would close down.
J. Lauritzen's bondholder dispute was resolved, the carrier relying on money from its owner. More details emerged about the EU approval of Maersk's takeover of Hamburg Süd. And Rickmers Maritime had to throw in the towel. Keep up with this week's top stories on ShippingWatch.
According to Alphaliner, Hamburg Süd will have to pull eight vessels from five consortia as a consequence of the EU's conditions for approving Maersk Line's acquisition. The carriers correspond to 11 percent of the carrier's total capacity.
One of Europe's largest shipping banks, DVB, does not share the 2017 optimism of container carriers. "We have not yet seen the effect of the bottom in the financial reports," says DVB's Managing Director of Shipping and Offshore to ShippingWatch.
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.
Newly-established container carrier MPC Container Ships plans to have 35 to 50 feeder vessels within a year. "This would be a good starting point for us," the CEO of the Oslo-based company tells ShippingWatch.
Shippers in the Global Shippers' Forum were already sounding the alarm this March about the consequences for importers and exporters of goods such as food. Their concerns surfaced in relation to the merger of Maersk Line and Hamburg Süd and have only grown in the months since.