Rumors of an approaching sale of Hamburg Süd have intensified, and Maersk Line is only one potential buyer – though probably the most likely. The price for the German carrier seems high, but the greatest obstacle could very well be the Oetker family's own internal power struggle. ShippingWatch delves into the story.
Meanwhile, the options among container carriers to reduce costs seem to be endless, as the new, final structure in the industry has not yet been settled.
Tanker boost after OPEC meeting?
If next week's OPEC meeting results in an agreement to cap output, the oil price could shoot up. But a deal will probably also increase speculative oil trading. In the short term, this could boost the product tanker market, which is otherwise struggling with overcapacity and full stockpiles, Hafnia Tankers CEO Mikael Skov tells ShippingWatch.
Will Havila be the first to fall?
Havila Shipping could be the first, major victim among offshore supply carriers, of which many are fighting a battle for survival as more and more vessels are idled in the dire market.