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.
Russia is Port of Hamburg's second-biggest customer, and the country's downturn will put pressure on the port in 2015. As such, Port of Hamburg is targeting growth in other regions, Ingo Egloff, chairman of the Port of Hamburg Marketing, tells ShippingWatch.
American Recycling Services, whose main activities consist of dismantling and recycling rigs and ships, will open a new facility in Denmark. The new yard is expected to create 150-200 jobs in the Danish port of Frederikshavn.
US shale oil is now being produced at such a rate that it could threaten the stability currently enjoyed by the sector, projects Rystad Energy. One of the major suppliers of offshore rigs, shipbuilder Keppel, does not see a recovery anytime soon.
The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.
Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.