ShippingWatch

This week's top stories on ShippingWatch

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.

A threat of a bomb on the container vessel Maersk Memphis led to an evacuation this Thursday of the ship as well as the Port of Charleston on the US East Coast. US authorities called off the bomb threat later that day.

Bomb threat on Maersk vessel shuts down Port of Charleston

Coast Guard determines no bomb on Maersk vessel

Shipping is a "low priority" target for terrorism

Photo: ritzau/AP/Eraldo Peres

Exporters impacted by container shortage

Food goods are accumulating 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, Brazilian shippers tell ShippingWatch.

Billion-dollar Brazilian exports hit hard by container shortage

Maersk and Hamburg Süd must wait a long time for recovery in Brazil

PR photo: Oldendorff

Oldendorff in new fleet expansion

While many dry bulk carriers are struggling severely with their finances, the Lübeck-based family-owned carrier Oldendorff continues its massive fleet expansion. Market observers are puzzled by the development.

Oldendorff continues aggressive fleet expansion

Halvor Sveen, CEO for Maritime & Merchant. PR photo

Interest for new shipping bank

Six months after the launch of Maritime & Merchant, the Norwegian shipping bank is now in talks with carriers and investors beyond its home market, CEO Halvor Sveen tells ShippingWatch. Small and medium-sized carriers in particular are showing interest.

Maritime & Merchant in talks to enter new markets

Knut Ørbeck-Nilssen, CEO, DNV GL - Maritime. PR-foto: DNV GL

Modest recovery of the newbuild market

Low newbuilding activity across most shipping segments took a big toll on DNV GL's earnings last year.

DNV GL expects "modest recovery" of newbuild market

Jan Jacobsen. PR-foto: Monjasa

Two years of loans to Monjasa owner

Monjasa founder and co-owner Jan Jacobsen received a two-year salary in severance pay when he stepped down from the bunker group after he was convicted of fraud last year. This is a regular termination period, Monjasa tells ShippingWatch, noting that the sentence has been appealed.

Monjasa-founder received severance pay following conviction

Hands of state subsidies

Sweden, the Netherlands, and Denmark are now calling on the EU Commission to refrain from weakening the state subsidy rules that exist today – or to even review them from a critical point of view.

Ministers urge EU not to interfere with state aid schemes

English Edit: Gretchen Deverell Pedersen

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Scorpio Bulkers believes in sustainable rates

The dry bulk carrier has halved its deficit in this year's third quarter, and according to CEO Emanuele Lauro, the carrier has faith in a market carried by sustainable rates which will last into 2018.

Maersk backs fuel ban in sulfur debate

Maersk would welcome a ban on fuel which does not meet the low-sulfur content requirements. This is a simple way of ensuring effective enforcement of the rules, says the head of fleet technology at Maersk Line to ShippingWatch.

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