ShippingWatch

Last week's top stories on ShippingWatch

Major Japanese merger in the struggling container sector, deficit at Maersk Line, and new profit and revenue growth at logistics group DSV were among this week's top stories on ShippingWatch.

Large-scale Japanese merger

Japan's three biggest shipping groups, K Line, NYK, and MOL, will merge their container businesses and terminals in joint unit which will be the world's sixth-largest container carrier.

Japan's three biggest carriers form new container giant

Four container players left standing after Japanese consolidation

Merge-or-die choice cuts debt risk for Japan's shipping giants

Ocean Alliance presents its service network

Maersk Line under pressure

Maersk Line suffered a deficit of USD 116 million in the third quarter against a profit of USD 264 million in the same period last year, and the liner carrier now expects a deficit for 2016 overall. But the global consolidation in the container industry will not in itself impact the industry's major overcapacity issues, said Maersk Line CEO Søren Skou , who sees only tentative signs of recovery among the hard-pressed carriers.

Maersk Line projects full-year deficit for 2016

Søren Skou sees only tentative signs of recovery

Here is an overview of the Maersk Group Q3 report

Maersk Oil can now break even with USD 40 oil price

DSV upgrades guidance yet again

Logistics group DSV delivered growth yet again in the third quarter. The company's revenue grew to USD 2.53 billion against USD 1.84 billion in the same quarter last year, while the result of primary operations before one-off items grew to more than USD 150 million.

DSV upgrades guidance as profits grow big-time

DSV CEO: Never take everything for granted

Challenging quarter for tanker players

Interim reports from tanker carriers such as Euronav, Ardmore, Teekay Tankers, and DHT Holdings confirmed a weak third quarter for owners and operators in crude oil and product tanker.

Teekay Tankers hit by the weakest tanker rates in three years

Norway's DHT Holdings makes drastic impairment

Odfjell orders record-large chemical tankers

Ardmore: Weak product market for another 2 to 3 quarters

Frontpage right now

Clipper sailing at rates that incite fresh optimism

"For the first time in a long time, rates are at a level, which might tempt some to order new vessels, but it will not be us," CEO of Clipper Group, Peter Norborg, tells ShippingWatch. One commodity in particular is critical for the company's progress.

Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

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