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Photo: PR-foto/Hanjin Shipping

More Hanjin vessels allowed to call in US ports

Container:

The stranded South Korean vessels off the US West Coast are now allowed to unload goods in the port in Long Beach, California, thus easing up the deadlock characterizing the supply chain following the container carrier's collapse, reports Bloomberg.


BY LOUISE VOGDRUP-SCHMIDT
Published 12.09.16 at 09:14

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Most read Container

CMA CGM achieved a profit in strong Q1

REA_184259_001.jpg Container:

Container carrier CMA CGM increased its net earnings in the first quarter 2017, which marked a big improvement compared to the same period last year. The acquisition of APL contributes positively to the business for the first time.

First 20,000 teu container ship hits the water

Container:

The world's first container ship with a capacity of a little over 20,000 teu has hit the water. The ship belongs to Japan's Mitsui OSK Lines, which could lose the record already this year.

Maersk Line's result is a concern for the entire industry

Container:

Maersk Line's deficit is symbolic of continued struggles throughout the container industry, analyst Lars Jensen tells ShippingWatch. He thinks that two things in particular are worrying about the numbers. CEO Søren Skou on the other hand stand firm on the forecast for the full-year 2017.

Hamburg Süd lost revenue in 2016

Container:

Hamburg Süd lost revenue in the latest fiscal year, which could be the last where the carrier does not report a bottom line result, as Maersk Line is set to take over the carrier later this year.

Hapag-Lloyd executes its UASC redundancy plan

Container:

Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

Cosco to launch large shipping investment fund

Container:

Cosco Shipping Group plans to launch a large financing fund for targeted investments in shipping. The fund will be split into a yuan fund and a dollar fund and will focus on, among other things, struggling companies.

Current front page

New shipping fund with Maersk players makes first acquisition

Henrik Ramskov.jpg Tanker:

Navigare Capital Partners, a new investment company targeting the shipping industry, has made its first investment in two product tankers. "We will invest in different segments," CEO Henrik Ramskov tells ShippingWatch.

Norway to accelerate oil drillings in the Barents Sea

Offshore:

Norway's minister for petroleum and energy wants to facilitate new drillings in the Barents Sea as soon as possible to make sure that Norway does not lag behind in the Arctic race against Russia.

Iraq paves way for OPEC deal with support for 9-month extension to cuts

Offshore:

One of the last remaining obstacles to forming a deal at the OPEC meeting in Vienna this week has been removed. Now Iraq will back a Russian and Saudi Arabian proposal to extend oil output cuts for 9 months.

Concordia CEO welcomes tough tanker year

Tanker:

Concordia Maritime's CEO is confident that his carrier is well padded for a challenging year in product tanker. And the Swedish carrier is watching the second-hand market, he says.

Seadrill's market value has plunged big-time in 2017

Offshore:

The share price of John Fredriksen's drilling company Seadrill has declined drastically since the turn of the year. Ahead of the interim report set for release Wednesday morning, analysts note that the company has been unable to settle its announced restructuring.

Lightship returned to profit in 2016

Services:

Shipbroker Lightship delivered a profit for 2016 and thus eradicated its deficit from 2016. The company anticipates an even better 2017.

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