The biggest container port in the North, Port of Gothenburg, fluctuates in line with the industry and similarly notes the tough times for the container carriers. Lower growth forecasts going forward, says CEO. A new Volvo model represents a bright spot for the big port.
BY CHRISTIAN BARTELS Published 26.11.15 at 15:28
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Massive investments and not least dredging is needed in the Port of Gothenburg if the Swedish port is to maintain its status as Scandinavia's top container hub, notes a new OECD report. More direct container routes represent a crucial asset for the port.
According to ShippingWatch's information, two precarious cases at APM Terminals in India, of which one presumably involves Maersk's regional head in India represent the backdrop for the dramatic dismissals last week that included CFO Christian Møller Laursen.
Delays on the world seas mean that several European and Asian port terminals are currently struggling with bottleneck situations, while containers are simply piling up on the quay. The Port of Hamburg is among those hit hardest.
APM Terminals is inching closer to Maersk Line through exclusive deals in which, for instance, financial risk from the terminal company is transferred to the container carrier. The ties between the two formally independent companies have been subject to controversy before.
Port of Gothenburg was able to increase its combined cargo volume by close to three million tons in 2016, but the conflict between the Swedish port workers and APM Terminals contributed to declining container throughput and led to "major disruptions."
Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.
Maersk Line has for the first time quantified its growth ambitions for Hamburg Süd, a takeover transaction the carrier is expected to complete before long. "It's a long-term ambition, but there's no doubt that our expectations are high," COO Søren Toft tells ShippingWatch.
The Maersk Group's sale of its tanker unit to the Maersk family made headlines on ShippingWatch this week. Top stories also included a bankruptcy in the ballast water market and revolt among Seadrill's bondholders.