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Hyundai targets Asia after failed 2M inclusion

Container:

Hyundai Merchant Marine (HMM) is entering a new alliance with the two South Korean carriers Heung-A Shipping and Sinokor on intra-Asian services after recently failing in attempts to be included in the 2M alliance between Maersk Line and MSC.


BY OLE ANDERSEN
Published 03.01.17 at 07:35

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First 20,000 teu container ship hits the water

MOL-Mitsui-Lines.jpg 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.

CEO Habben Jansen will now pay back Hapag-Lloyd's owners

Container:

Hapag-Lloyd CEO Rolf Habben Jansen heralds a pause in growth for the German carrier in order to digest the mergers with CSAV and UASC and cater to the owners who have lost vast sums in recent years. He does not share the optimism for the market expressed by other carriers.

Shippers want the EU to look into liner rules

Container:

"If the container carriers see themselves as key players in the supply chain, they have failed," European shippers tell ShippingWatch following a members’ meeting Tuesday. The European Shippers' Council is ready to involve the EU to weigh the dominance of the three alliances.

Media: Doubts about Qatar's commitment to Hapag-Lloyd merger

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Reuters reports that the German container carrier Hapag-Lloyd is worried about major shareholder Qatar's long-term commitment after the merger with carrier UASC.

Yang Ming books huge loss in 2016

Container:

Media report that Taiwanese container carrier Yang Ming emerged from 2016 with a deficit of USD 493.6 million, almost double the 2015 deficit.

Weco Roro cancels historic Atlantic service

Container:

The closure of the service that linked the Mediterranean to the US East Coast and parts of Latin America marks the end of a 60-year presence for the carrier on this trade. According to Alphaliner, the service is shut down due to persistent losses.

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CEO Habben Jansen will now pay back Hapag-Lloyd's owners

rolfhabbenjansen1.jpg Container:

Hapag-Lloyd CEO Rolf Habben Jansen heralds a pause in growth for the German carrier in order to digest the mergers with CSAV and UASC and cater to the owners who have lost vast sums in recent years. He does not share the optimism for the market expressed by other carriers.

Sunken Maersk Supply Service vessels contain tons of oil

Carriers:

The two Maersk Supply Service vessels which sank off the coast of France last year contained a total of 192,000 liters of oil and oil residues, according to an inventory of hazardous substances in the vessel's tanks. The carrier has confirmed the figures, while an environment expert says the ships must be emptied or salvaged.

HSH Nordbank hit by new loan loss provisions for billions

Suppliers:

Ailing German shipping bank HSH Nordbank made loan loss provisions for EUR 2 billion in 2016 on non-performing shipping loans. Several equity funds are showing interest in buying the bank.

Dry bulk rates surpass last year's peak

Bulk:

Last week the dry bulk rates inched above last year's peak level registered in November after many months on rock bottom, shows the most recent data from the Baltic Dry Index.

Weco Roro cancels historic Atlantic service

Container:

The closure of the service that linked the Mediterranean to the US East Coast and parts of Latin America marks the end of a 60-year presence for the carrier on this trade. According to Alphaliner, the service is shut down due to persistent losses.

Norden makes big savings on fuel

Carriers:

Monitoring of fuel consumption on Norden's fleet has secured savings of nearly USD 25 million at the carrier, while the oil price decline has contributed to a strong reduction in costs, according to Norden News.

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