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More than 100 distressed MPP vessels redistributed by banks

Unprofitable multipurpose vessels, which German banks are left holding, are being moved around big-time among shipowners. "We're basically competing against zombies these days, which exist with continuing support from the banks," says one market player.

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Hapag-Lloyd to invest in reefer again

Chinese and EU conditions to approve Maersk Line's take-over of Hamburg Süd leaves gaps in the market, says Hapag-Lloyd CEO Rolf Habben Jansen to ShippingWatch. He is ready to invest further in reefer again in 2018.

One word has reduced the number of bribery cases in the Suez Canal

With just a few means, in the course of two years it has become possible for carriers to get their vessels through the Suez Canal without having to pay the pilots in, for instance, cigarettes. "A milestone," says anti-corruption organization MACN, which is behind the initiative.

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