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New Maersk setup could put independence at stake

Container:

That Maersk Line and APM Terminals are completely independent of one another – a factor often stressed by Maersk Group itself – is now being questioned due to the new strategy. APM Terminals CEO Morten Engelstoft has started the task of calming down nervous customers.


BY OLE ANDERSEN | TOMAS KRISTIANSEN | LOUISE VOGDRUP-SCHMIDT
Published 14.12.16 at 15:39

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Most read Container

Zeaborn takes over Rickmers-Linie and NPC Projects

161786b626.jpg Container:

Yet another large takeover in the European project cargo sector is shifting the power balance in the sector. Germany's Zeaborn is acquiring Rickmers-Linie and NPC Projects, informs the Bremen-based carrier.

Container carriers' search for digital solutions now underway

Container:

Container carriers have formed several collaborations for digital solutions within the past few weeks alone – and many more similar arrangements will follow in the first half of 2017 in the search for the best digitalization of container carrier services, says analyst Lars Jensen of Seaintelligence Consulting.

German shipowners lose ground in charter market

Container:

The financial crisis and the collapse of the German financing scheme are starting to displace Germany as one of the world's biggest shipowners while other companies are building large orderbooks, according to a new survey by Alphaliner.

Container shipowners warn of new unrest from US union

Container:

Threats of strikes from a powerful union on the US East Coast and along the Gulf of Mexico trigger a sharp reaction from container shipowners and port operators.

Alphaliner: Creditors will lose billions on Hanjin's bankruptcy

Container:

Selling assets in Hanjin Shipping has so far only cashed in a fraction of the bankrupt carrier's total debt. Creditors have until May 1 to file claims.

Rickmers Maritime sees risk of liquidation

Container:

Rickmers Maritime is now asking its investors to restructure their securities in the company to less than half their current value. The choice is between doing this or shutting down, CEO Søren Andersen tells ShippingWatch.

Current front page

Bondholders could knock down J. Lauritzen's bank deal

Mads Zacho 4.jpg Bulk:

Two thirds of the bondholders need to vote in favor of repayment of their loans being postponed, otherwise J. Lauritzen's entire, new refinancing package, including backing from the banks and owner Lauritzen Fonden, will collapse. ShippingWatch has interviewed CEO Mads Zacho about the prospects.

DNB: Bigger companies and lower prices are the way forward for offshore

Suppliers:

While new niche banks are emerging in the maritime sector, several of the traditional banks active in shipping and offshore are reducing their exposure to the sector. DNB is one of them. The bank believes that bigger companies and lower costs represent the way out of the offshore crisis.

Teekay Tankers saw its profit dwindle in 2016

Tanker:

Teekay Tankers' results for 2016 fall in line with the trend that has so far characterized the tanker carriers' annual reports for last year. The profit tumbled to one third of last year's result.

J. Lauritzen suffers new full-year deficit in 2016

Bulk:

Hard-pressed dry bulk carrier J. Lauritzen was hit with yet another deficit in 2016, a result management deems unsatisfactory. However, the carrier's CEO Mads Zacho has been able to settle the main terms of the refinancing deal with banks that was crucial for the company's future.

Transocean benefits from canceled contract for drilling vessel

Offshore:

Transocean received a large one-off income in October when an Indian offshore company canceled a long-term contract for a drilling vessel. The figure offsets a decline in revenue from the drilling activities in the fourth quarter.

This week's top stories on ShippingWatch

Carriers:

Gridlocked negotiations between APM Terminals and dockworkers in Gothenburg, a new full-year deficit for J. Lauritzen, and a change in strategy at Damco are among this week's top stories on ShippingWatch.

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