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BY SHIPPINGWATCH
Published 10.03.17 at 10:49

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APM Terminals lays off 160 employees in Gothenburg

APM Terminals Gøteborg ShippingWatch:

The conflict in the Port of Gothenburg between APM Terminals and dockworkers has now prompted the terminal operator eliminate 160 jobs in the container port, reports Swedish news Göteborgs-Posten.

Bunker Holding now targeting global top spot

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.

Schlumberger still feels the effects of the oil crisis

ShippingWatch:

The oil market crisis has made its mark on the first quarter result from Schlumberger, the world's largest oil service company. The CEO identifies four focus areas which could boost the industry.

FMC chairman: P3-alliance is something very unique

ShippingWatch:

The chairman of the Federal Maritime Commission, Mario Cordero, tells ShippingWatch about his concerns regarding P3 - as well as the benefits he believes might result from the far-reaching cooperation between Maersk Line, MSC and CMA CGM.

Sulfur-sniffing drones could fly out of Hamburg by 2016

ShippingWatch:

A new study is examining the possibility of using drones to monitor sulfur emissions from ships. Flying drones out of Hamburg may be a reality by the end of next year, an EMSA spokesperson tells Sustainable Shipping.

Current front page

"An industry downturn is exactly what we need"

Herman Billung.jpg Bulk:

The dry bulk carriers, sore after several tough years, are becoming increasingly optimistic about the future. But Herman Billung, who recently established dry bulk investor Songa Bulk, praises the slowdown in the sector. "Another six months and we'll be home free," he says.

Shippers: Reefer markets will feel the pain from carrier concentration

Container:

Shippers in the Global Shippers' Forum were already sounding the alarm this March about the consequences for importers and exporters of goods such as food. Their concerns surfaced in relation to the merger of Maersk Line and Hamburg Süd and have only grown in the months since.

Maersk Line in major CEO reshuffle in Singapore

Container:

Tim Wickmann steps down as CEO of Maersk Line's Asian subsidiary MCC and leaves the Maersk Group after 27 years. He will be replaced by an experienced Maersk exec who takes over as CEO of the Singapore office in August. Also, a new head of Southeast Asia has been appointed.

Cosco will challenge European dominance on key container routes

Container:

Chinese Cosco Shipping has ordered 14 new container vessels for USD 1.8 billion in order to boost its fleet between Asia and Europe, where carriers such as Maersk Line, MSC and CMA CGM currently dominate.

Ten analysts list the losers among shipping shares

Carriers:

Despite protracted and crushing pressure on the shipping sector, several companies may not have reached the bottom yet. Ten analysts list their pick for the shares they believe will lose additional market value. One company stands out in particular.

South Africa rejects Japanese container merger

Container:

Competition authority in South Africa rejects the planned merger between NYK Line, MOL, and K Line. A merger increases the risks of price fixing in the container market, says the authority.

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