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Photo: DP World/PR

DP enters new partnership with the Suez Canal

Ports:

Arab port company DP World has entered a new joint venture with the Suez Canal in order to strengthen its presence in Egypt.


BY LOUISE VOGDRUP-SCHMIDT
Published 14.08.17 at 07:57

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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.

APM Terminals executive team preparing new strategy

Ports:

When the new executive team is settled at APM Terminals, CEO Morten Engelstoft will set aside three days to develop a new strategy for the port company. Significantly fewer people than before will perform the task after a large reduction last year.

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.

APM Terminals must pay again for Guatemalan port

Ports:

Although APM Terminals has already paid once for Guatemala's important Terminal de Contenedores Quetzal, the Maersk-owned port operator has accepted to pay an additional sum of money in the wake of the ongoing bribery case.

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.

Current front page

MSC confirms order for 11 ultra-large vessels

oscar_algeciras_01.jpg Container:

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

OW Bunker estate has lost bunker price case

Services:

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

Seadrill bondholders said to fight debt plan

Offshore:

Some Seadrill bondholders have allegedly hired firm Stroock & Stroock & Lavan LLP as legal counsel to fight the restructuring plan announced last week.

Maersk bags potentially huge contract with the US Navy

Carriers:

Maersk Line has won a contract with the US Navy that could potentially total more than USD 190 million. With the contract, Maersk will operate seven vessels to transport military vehicles.

Major Nordic banks scrutinize hazardous scrapping practices

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.

John Fredriksen tops list of Norway's wealthiest people

Offshore:

John Fredriksen, who actually holds a Cypriot passport, has been listed as Norway's richest person by business magazine Kapital for the 15th consecutive year. Another shipping profile is ranked a bit further down the list.

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