Maersk vessels sailed under black-listed flag for final journey

Four vessels from Maersk Line sailed under black-listed flags, when on the way to be scrapped along the coast of Alang, India. The out-flagging occurred after the group sold the vessels to cash buyers. Seafarers risk paying the price, says an NGO and union.

Rivals fear Maersk supremacy in new digital era

Maersk is leading the charge in the impending digital revolution which is aimed at saving the shipping industry billions of dollars. However, many people fear that Denmark's shipping behemoth is building a lucrative monopoly.

Shippers make demands on EU's alliance acceptance

Global shippers are demanding clear advantages for customers if container carriers are to continue enjoying exemption from competition rules after 2020, says Chris Welsh, Secretary General of the Global Shippers' Forum, in comments to ShippingWatch.

Maersk has now scrapped six ships in India

Maersk Group has now sent six vessels to be scrapped in the coastal area of Alang in India. The first two vessels arrived last year, while more vessels from the Sealand series have arrived this year.

This week's top stories on ShippingWatch

Clipper CEO Peter Norborg discussed the carrier's restructuring, while other bulk players also put their cards on the table. EU Commissioner Margrethe Vestager shared her views on the container industry, and a new solution for sulfur requirements was presented. All this week on ShippingWatch.

Maersk shares remain low despite positive news

Though container liners are faring much better this year, the development has not impacted Maersk's share price. Neither divestments nor the prospect of massive synergy gains seem to boost the share, which puzzles stock market analysts. Hapag-Lloyd, though, has seen its share soar.

CMA CGM establishes incubator for start-ups

French container carrier CMA CGM plans to speed up digitalization of the transport sector with the creation of a new incubator for start-ups, based in Marseille. Good ideas from all over the world are welcome.

Container carriers far from new digital future

Digitalization has far from had a breakthrough in shipping, and the many new platforms have produced no real changes in the sector, which is lagging far behind other industries, writes Alphaliner in a new analysis.

Carnegie: Strong rate developments have ended

The second half of the year is starting to look very challenging for Maersk Line, notes the Swedish investment bank, downgrading its estimates ahead of the Maersk Group's upcoming interim report.

SeaIntel projects massive overcapacity

The container market is behaving significantly different than usual this year in relation to China's Golden Week. There are far fewer blank sailings than usual, and rates have plunged since this summer.

Seaspan to raise USD 80 million

Container ship owner Seaspan will issue new bonds to raise USD 80 million. The fresh capital will be used to repay debt, informs the company.

Royal Arctic Line looking to save DKK 70 million annually

A departure from Aalborg Port and the collaboration with Iceland's Eimskip are key elements in the annual million dollar savings Royal Arctic Line CEO Verner Hammeken is looking to achieve, he explains in an interview with ShippingWatch.

CMA CGM acquires regional carrier

CMA CGM has acquired carrier Sofrana, which operates in the Pacific. The acquisition is the latest in line of a series of regional players taken over by the French container carrier.

Captain deemed responsible in El Faro wreck

It was mainly misjudgments made by the captain that led to the El Faro sinking in a wreck two years ago that resulted in the death of the 33 crew members, concludes a new report about the wreck published by the US Coast Guard.

2M alliance struggling to improve schedule reliability

Even though the new alliances have generally delivered significantly better schedule reliability in recent months, the world's biggest alliance, between Maersk Line and MSC, has been pushed down at second place among the three mega-alliances, shows a new analysis.

This week's top stories on ShippingWatch

Maersk said goodbye to another two chief executives this week. Net wage scheme lures vessels back to the German flag. Maersk Line secured vital Hamburg Süd approval, but the carrier could have difficulties changing flags. Here are this week's top stories.

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