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BY SHIPPINGWATCH
Published 10.03.17 at 10:49

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ShippingWatch conference in Singapore, November 25

Singapore.jpg ShippingWatch:

Several exclusive key note speakers are already on the list and more will be added. Sign up here for the new maritime conference organized by CBS Executive MBA in Shipping & Logistics (Blue MBA) and ShippingWatch. It is November 25 in Singapore.

Maersk Supply Service hits Mexico for the first time

ShippingWatch:

Maersk Supply Service has entered the Mexican market after securing a contract with a subsidiary of Blue Marine Group for one of the company's four Stingray Subsea support vessels.

Drewry: Container rates have bottomed out

ShippingWatch:

The extremely dire container market has now bottomed out, notes Drewry, pointing to increasing rates going forward. However container carriers have aimed too low in their contract negotiations and still face significant losses in 2016.

APM Terminals lays off 160 employees in Gothenburg

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.

Current front page

Maersk Line gets vital approval for Hamburg Süd purchase

201212_NAVIOSHAMBURSUD02.jpg Container:

Brazil has cleared Maersk Line's billion-dollar acquisition of German Hamburg Süd. The transaction will strengthen Maersk Line's position on the South American market, and the approval is thus vital.

J. Lauritzen CEO: The carrier's future is smaller vessels

Bulk:

J. Lauritzen will gradually phase out larger dry bulk vessels when their contracts expire. "We're strong in Handysize, and that's where we've historically been the most profitable," CEO Mads P. Zacho tells ShippingWatch.

Demand for sulfur oil could boost US crude exports

Offshore:

The upcoming cap on sulfur emissions from vessels will boost the export of US crude oil, as the demand for low sulfur products will surge, reports Reuters.

Statoil vies for a stake in Abu Dhabi's offshore oil

Offshore:

A Norwegian diplomatic dispatch says Statoil is among the companies in talks with the Abu Dhabi National Oil Co regarding offshore production in the UAE.

Viking Supply needs owner's help to save bank agreement

Offshore:

Viking Supply Ships must ask its shareholders for more money after the offshore carrier breached the conditions of its deal with the banks. The carrier's majority shareholder is prepared to step in.

Two seafarers arrested as ship runs aground

Carriers:

A Danish-operated vessel ran aground in Sweden this weekend. The captain and first mate were subsequently arrested by Swedish police, on suspicions of being highly intoxicated.

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