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Analysis paints gloomy picture of container shipping

ShippingWatch:

When the largest vessel ever from a Chinese shipyard docks in Hamburg today, Thursday, it is but the latest example of the troubled times for major container companies, according to Danmarks Skibskredit’s new biannual analysis.


BY OLE ANDERSEN
Published 11.04.13 at 11:43

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Bunker Holding now targeting global top spot

Keld Demant.JPG ShippingWatch:

American World Fuel Services and Danish Bunker Holding have set themselves apart as the world's two biggest bunker companies. "We are in effect playing a part in the future development of the industry," says Bunker Holding CEO Keld Demant in an interview with ShippingWatch.

Kjell Inge Røkke has become Norway's undisputed oil king

ShippingWatch:

In his native Norway, Kjell Inge Røkke is known as the man from the small town of Molde, who started as a fisherman and who has since then usually been drawing the longest straws. With the creation of new oil giant Aker BP, the billionaire strikes again.

Maersk Oil loses tender for vital Qatar field

ShippingWatch:

Maersk Oil has lost out on the tender to operate the massive Al-Shaheen field in Qatar, a field in which the Danish company currently serves as operator. Al-Shaheen is one of the world largest oil fields and has for years been a de-facto moneymaker for Maersk.

Maersk Line in Southeast Asia: We must improve our service

ShippingWatch:

Anyone can sail from one port to another, so if Maersk Line wants to maintain its market share, the Danish juggernaut must compete on more than prices. Customer service must be paramount, the company’s Asia-Pacific CEO tells ShippingWatch.

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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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