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' CEO Morten Engelstoft will review the entire portfolio of ports and non-core activities, and ownership stakes are not a sacred cow to him. There could potentially be divestments of non-strategic assets as well as reducing ownership in ports, he tells ShippingWatch.
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.