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Photo: POLFOTO/AP/Eugene Hoshiko

Chinese purchases of foreign terminals doubled in one year

Ports:

Chinese investors have doubled their investments in foreign terminal acquisitions to USD 20 billion in the past year, reports the Financial Times.


BY RITZAU FINANS
Published 17.07.17 at 13:29

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U.S. longshoremen earn three times average national wage

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

Rotterdam port workers prepared for more strikes

Ports:

In the Port of Rotterdam, the secretary of union FN Havens, Niek Stam, hopes that the current strike will bring the operators back to the negotiating table. If not, more strikes will follow, he tells ShippingWatch.

Gothenburg port conflict could lead to bankruptcies

Ports:

The year-long conflict in the port of Gothenburg involving APM Terminals has proved expensive for Swedish industry. Swedish chamber of commerce projects that the conflict could trigger bankruptcies, according to newspaper Dagens Nyheter.

APM Terminals Gothenburg faces deficit in 2017

Ports:

APM Terminals' Managing Director in the Port of Gothenburg, Henrik Kristensen, takes stock after months of conflict: 35 percent of containers are gone, a negative result for the full-year 2017 after a triple-digit loss, and major customers have left. "Now we need to fight our way back," he tells ShippingWatch.

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.

Maersk's gains from Grup Maritim TCB acquisition have yet to materialize

Ports:

One of APM Terminals' largest investments, the acquisition of Spanish Grup Maritim TCB, has yet to bring in major gains. This is evident from the annual report for the Maersk family's investment company A.P. Møller Holding, which has had to cut its dividends in half after a tough year for the Maersk Group.

Current front page

OW Bunker estate has lost bunker price case

OW Bunker Las Palmas skib Services:

The OW Bunker estate has lost a bunker price contract case at the district court in Aalborg, Denmark, against three international shipping companies.

MSC confirms order for 11 ultra-large vessels

Container:

MSC has ordered 11 ultra-large container vessels to be built at South Korea's DSME shipyard, a spokesman confirms to ShippingWatch.

North Korean tankers loading oil in Russia

Tanker:

Eight vessels from North Korea, currently subject to sanctions, have this year loaded oil cargoes in Russia, with China and South Korea listed as their destination. But the course was changed at a later point, reports Reuters.

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Services:

Nordic bank Nordea is currently reviewing guidelines for shipping customers regarding hazardous vessel scrapping. Danske Bank is also evaluating the issue of carriers' scrapping in Asia, the banks tell ShippingWatch.

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Offshore:

Adnoc, Abu Dhabi's national oil company, is allegedly considering an IPO for its shipping unit amid a broader strategy aimed at attracting investments to the emirate.

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Container:

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