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Amin Nasser er CEO for Saudi Aramco, som står bag det nye kæmpeværft, som Saudi-Arabein vil bygge.
Photo: Jacques Brinon/AP/Polfoto/Arkiv

Saudi Arabia will invest billions in giant shipyard

Ports:

A giant shipyard in Saudi Arabia will supply supply the country's oil industry with tanker vessels and rigs while also helping to create more than 10,000 jobs. Saudi Aramco and Hyundai Heavy Industries are part of the joint venture behind the yard. Investments will total billions of dollars.


BY NIKLAS KRIGSLUND
Published 11.10.16 at 15:24

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Most read Ports

The Gothenburg port conflict enters a new stage of deadlock

gbghamn-heli16_41a1726.jpg Ports:

The Port of Gothenburg has now been hit by APM Terminals' lock-out in the intense conflict with port workers. For this reason, the port company has been forced to limit service throughout the rest of May and the month of June. Customers are leaving the port due to the conflict.

Possible strikes in Spanish ports hinge on the next two days

Ports:

After the Spanish government successfully adopted a decree to open competition in the country's ports, a large-scale conflict now looms and could erupt on Wednesday. Meetings on Monday and Tuesday will decide what happens.

Spanish dockworkers herald strikes in May and June

Ports:

Spain's government seems to have a majority backing for a new legislative proposal which would privatize Spanish ports after 15 years of deadlock. Unions have already retaliated and call for widespread strikes in May and June. "They cheated us," state the dockworkers.

Vestager clarifies regulation for state subsidies to ports

Ports:

The EU Commission has introduced new rules for state subsidies to ports. This will make it easier and more simple for member countries to invest, and is expected to reduce the number of cases in need of approval from the commission.

U.S. longshoremen earn three times average national wage

Ports:

The unionized American longshoremen earn significantly more than the average worker in the U.S., writes SeaIntel in an analysis.

APM Terminals heralds lockout in Gothenburg

Ports:

APM Terminals is fed up with the strikes and other industrial actions from dockworkers in Gothenburg over the past year. A new strike warning has prompted APMT's management to herald a partial lockout. Meanwhile, a major customer is deliberating whether to leave the port.

Current front page

Lloyd Fonds: Endgame underway for shipping in Hamburg

Torsten Teichert.jpg Services:

There are no real values of note in the German shipping sector right now, according to Lloyd Fonds. The company is scaling down its investments in the segment and would prefer to be on the sideline of what CEO Torsten Teichert describes as the endgame in Hamburg.

CMA CGM achieved a profit in strong Q1

Container:

Container carrier CMA CGM increased its net earnings in the first quarter 2017, which marked a big improvement compared to the same period last year. The acquisition of APL contributes positively to the business for the first time.

Monjasa confirms deficit of USD 26 million

Offshore:

Danish bunker group Monjasa presented financial figures Tuesday showing a USD 26 million loss. "It's hard to protect yourself from a global shipping crisis," says CEO Anders Østergaard. First quarter 2017 saw a profit, informs the company.

Competitors overtake Maersk Line in 2017

Carriers:

2017 showed the first signs of improvement in the struggling container market, according to a comparison of first quarter results from the major carriers carried out by SeaIntel. It also shows that Maersk Line has fallen behind several of its competitors on the earnings front.

The Gothenburg port conflict enters a new stage of deadlock

Ports:

The Port of Gothenburg has now been hit by APM Terminals' lock-out in the intense conflict with port workers. For this reason, the port company has been forced to limit service throughout the rest of May and the month of June. Customers are leaving the port due to the conflict.

MPC Capital is now buying container ships

Services:

German asset manager MPC Capital has now tapped into USD 100 million the company raised back in April. MPC has purchased seven container ships, while another six are headed for delivery. Hamburg Süd's CEO will join the board of directors at MPC Container Ship.

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