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OECD: Port of Gothenburg in need of investments

Ports:

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.


BY TOMAS KRISTIANSEN
Published 11.01.17 at 11:39

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Most read Ports

Damco CEO: Time to invest again

klausrudsejling.jpg Ports:

"Damco needs to shift gears if the company is to achieve profitable growth," CEO Klaus Rud Sejling tells ShippingWatch after a multiple-year turnaround at Damco.

Gothenburg port conflict has reached impasse

Ports:

The conflict between port workers and the management of APM Terminals in Gothenburg has reached a total impasse and is now at its most severe point since the conflict began close to a year ago. A crucial meeting between the parties Wednesday ended without a result.

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.

Shipowners and ports in direct disagreement on EU's CO2 plan

Ports:

The maritime sphere in Europe is far from in agreement when it comes to limiting CO2 emissions from shipping. While the shipowners are highly critical of the European Parliament's plan to include CO2 in a cap trading system, the ports praise the proposal. "Most unfortunate," say the shipowners.

This is how APM Terminals and Maersk Line will join forces

Ports:

CEO Morten Engelstoft has already kicked off the work to bring APM Terminals and Maersk Line closer together. In an interview with ShippingWatch, he outlines three concrete points on which the two companies will help each other.

Port of Hamburg gets approval for controversial expansion

Ports:

15 years after the first application was submitted, the Port of Hamburg has now secured approval for an expansion of the Elbe waterway. In particular, the port hopes to attract more of the ultra-large container vessels which sail to and from China. But environmental NGOs oppose the expansion.

Current front page

Bondholders could knock down J. Lauritzen's bank deal

Mads Zacho 4.jpg Bulk:

Two thirds of the bondholders need to vote in favor of repayment of their loans being postponed, otherwise J. Lauritzen's entire, new refinancing package, including backing from the banks and owner Lauritzen Fonden, will collapse. ShippingWatch has interviewed CEO Mads Zacho about the prospects.

DNB: Bigger companies and lower prices are the way forward for offshore

Suppliers:

While new niche banks are emerging in the maritime sector, several of the traditional banks active in shipping and offshore are reducing their exposure to the sector. DNB is one of them. The bank believes that bigger companies and lower costs represent the way out of the offshore crisis.

Teekay Tankers saw its profit dwindle in 2016

Tanker:

Teekay Tankers' results for 2016 fall in line with the trend that has so far characterized the tanker carriers' annual reports for last year. The profit tumbled to one third of last year's result.

J. Lauritzen suffers new full-year deficit in 2016

Bulk:

Hard-pressed dry bulk carrier J. Lauritzen was hit with yet another deficit in 2016, a result management deems unsatisfactory. However, the carrier's CEO Mads Zacho has been able to settle the main terms of the refinancing deal with banks that was crucial for the company's future.

Transocean benefits from canceled contract for drilling vessel

Offshore:

Transocean received a large one-off income in October when an Indian offshore company canceled a long-term contract for a drilling vessel. The figure offsets a decline in revenue from the drilling activities in the fourth quarter.

This week's top stories on ShippingWatch

Carriers:

Gridlocked negotiations between APM Terminals and dockworkers in Gothenburg, a new full-year deficit for J. Lauritzen, and a change in strategy at Damco are among this week's top stories on ShippingWatch.

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