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Media: HMM withdraws from Long Beach terminal bid

Ports:

South Korea's Hyundai Merchant Marine is withdrawing its part of the bid on the Long Beach terminal in California alongside MSC, citing the company's low credit rating, reports the Wall Street Journal.


BY LOUISE VOGDRUP-SCHMIDT
Published 15.12.16 at 08:14

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APM Terminals on layoffs: Conflict has cost one in five containers

APM Terminals Gøteborg Ports:

Tuesday's announcement that 160 employees will be axed at APM Terminals in Gothenburg was the only option for moving on from the conflict which has cost the terminal company customers as well as revenue. The dockworkers' union is shocked in the wake of the announcement.

Alphaliner: Uncertain situation in Nigerian container port

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Development of the container port in Lekki, Nigeria could perhaps become a new job for DP World, but it remains uncertain what exactly is going on and how great the potential is at the moment, writes Alphaliner in an analysis.

New strikes hit Spain's ports

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Spanish dockworkers announce new strikes after employer association Anesco has declined to review a new proposal made by the unions Friday. The strikes will be held in the weeks to come.

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.

Strikes permanently move cargo from European ports

Ports:

While strikes in Spain and Sweden's largest port Gothenburg are becoming increasingly entrenched, the customers and thus the carriers are seeking out alternatives. And they will not necessarily return when the strikes are over, according to data from Maersk Line.

Understand the gridlocked conflict in the Port of Gothenburg

Ports:

The conflict in the Port of Gothenburg between APM Terminals and the port workers organized in union Svenska Hamnarbetarförbundet has lasted close to a year. Read on to learn what the parties differ on, and why a labor market expert believes that the conflict could continue for a long time.

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"An industry downturn is exactly what we need"

Herman Billung.jpg Bulk:

The dry bulk carriers, sore after several tough years, are becoming increasingly optimistic about the future. But Herman Billung, who recently established dry bulk investor Songa Bulk, praises the slowdown in the sector. "Another six months and we'll be home free," he says.

Shippers: Reefer markets will feel the pain from carrier concentration

Container:

Shippers in the Global Shippers' Forum were already sounding the alarm this March about the consequences for importers and exporters of goods such as food. Their concerns surfaced in relation to the merger of Maersk Line and Hamburg Süd and have only grown in the months since.

Maersk Line in major CEO reshuffle in Singapore

Container:

Tim Wickmann steps down as CEO of Maersk Line's Asian subsidiary MCC and leaves the Maersk Group after 27 years. He will be replaced by an experienced Maersk exec who takes over as CEO of the Singapore office in August. Also, a new head of Southeast Asia has been appointed.

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Container:

Chinese Cosco Shipping has ordered 14 new container vessels for USD 1.8 billion in order to boost its fleet between Asia and Europe, where carriers such as Maersk Line, MSC and CMA CGM currently dominate.

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Despite protracted and crushing pressure on the shipping sector, several companies may not have reached the bottom yet. Ten analysts list their pick for the shares they believe will lose additional market value. One company stands out in particular.

South Africa rejects Japanese container merger

Container:

Competition authority in South Africa rejects the planned merger between NYK Line, MOL, and K Line. A merger increases the risks of price fixing in the container market, says the authority.

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