ShippingWatch

Last week's top stories on ShippingWatch

Trendsetting companies in sectors such as tanker presented financial reports, APM Terminals opened up about the future partnership with Maersk Line, and we got to know a shipping company which usually subscribes to a great degree of discretion. This week's top picks on ShippingWatch.

APM Terminals unveils its partnership with Maersk Line

How will APM Terminals prioritize its cooperation with Maersk Line in years to come? CEO Morten Engelstoft explained the matter to ShippingWatch in the Hague.

This is how APM Terminals and Maersk Line will join forces

APM Terminals acquitted in Indian competition case

Visiting Infospectrum

This week, ShippingWatch paid a visit to a company which usually avoids public attention.

Inside the shipping community’s most discreet company



Photo credit: Hanjin Shipping.

Final farewell to Hanjin

Hanjin was declared bankrupt this Friday, thus marking the finalization of the largest bankruptcy in the history of the container sector. This week, Hyundai Merchant Marine bought up in Hanjin's terminals while the company was also granted state-funded financial aid.

Hanjin Shipping finally declared bankrupt

Hyundai Merchant buys two of Hanjin's Asian terminals

South Korea supports Hyundai Merchant with more than USD 600 million

"We picked HMM up from the bus stop where the carrier had been left"

Financial reporting season kicked off

This week also saw several financial reports from many big companies in sectors such as offshore and tanker.

Rickmers Maritime in new plea for support from bondholders

Big impairments put immense pressure on Akastor in 2016

Diana Shipping doubles loss with container venture

Viking Supply Ships lost USD 45 million in 2016

Avance Gas will stay in its own lane

Make sure to read:

Drewry: Oversupply of vessels will keep LPG rates in check

Minority shareholders' case against OW could drag on for years

Damen: Offshore crisis now hitting the yards

 

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Lauritzen CEO: On the right track, but it will take time

Dry bulk carrier J. Lauritzen finished the third quarter with an operating deficit of USD 9.8 million. Positive with a better dry bulk market, but the carrier is still some way off from turning a profit, CEO Mads Zacho tells ShippingWatch.

Monjasa's fate in fraud case will be decided Monday

On Monday, Denmark's Western High Court will issue its verdict in the protracted fraud case against Danish bunker company Monjasa and founder Jan Jacobsen. The appeal case brought new witnesses and evidence from the defense which maintains the innocence of its clients.

Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

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