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Photo: Line Ørnes Søndergaard

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.


BY METTE MANDRUP
Published 17.05.17 at 15:56

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Most read Ports

U.S. longshoremen earn three times average national wage

12165%20-%20Ship%20to%20Shore%20Cranes.jpg Ports:

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

Keppel shuts down three yards in Singapore

Ports:

Offshore and marine company Keppel delivers its smallest annual profit in ten years and will thus close three yards in its homeland of Singapore. The workforce has been reduced by about one third and the CEO is ready to do what is necessary.

Damco CEO: Time to invest again

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.

Hutchison Port Holdings notes dwindling revenue

Ports:

Hong Kong-based Hutchison Port Holdings saw its revenue drop in 2016, while cargo volumes fell due to factors such as intensifying competition in Rotterdam. The company has a cautious approach to 2017, says management in the annual report.

APM Terminals in strategic collaboration with China Shipping

Ports:

APM Terminals has entered a large strategic collaboration with China Shipping Group - the deal could lead to projects regarding new container terminals. (to be continued)

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.

Current front page

Major customers criticize carriers' crewing standards

7501007186_4e7b5c4e2a_h.jpg Carriers:

Some of the world's biggest customers in dry bulk and tanker, including Trafigura and Shell, criticize carriers for slacking off on the quality of crews on board vessels, according to a new report. This fact could impact safety.

Lightship loses dramatic court case to former partner

Services:

Shipbroker Lightship Chartering has been sentenced to pay a little over DKK 500,000 to a former partner who now works at Maersk Broker. Lightship has also been sentenced for an email sent by owner Morten Have to the management of Maersk Broker.

Seadrill CEO: We will likely end up in court

Offshore:

CEO Per Wullf expects that Seadrill will have to go to court to apply for receivership as the company does not believe that all its bondholders will agree to the new recapitalization proposal.

Oil countries extend production cuts

Offshore:

Members of OPEC and several other oil producing countries reached an agreement to extend reductions on oil production. However there are indications that the market expected more from the extension.

Death on Norden vessel being investigated

Bulk:

A 38-year-old crew member from the Philippines has been killed in an accident on board Norden vessel Nord Quebec when the ship berthed at Troi-Riviéres in Canada. The Canadian authorities are investigating the accident.

Rickmers Maritime Trust completes first sale of vessels

Container:

Rickmers Maritime Trust has now completed the sale of the five first vessels to Greece's Navios, which has agreed to buy a total of 14 vessels.

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