Following two major mergers, Hapag-Lloyd's potential talent pool has grown substantially. But so has the diversification among the candidates. With two programs, the German carrier aims to foster what could become the next CEO. Self-reflection is crucial for advancement.
Employees at the major container carriers point first and foremost to a shortage of career opportunities, and they are not necessarily pleased with senior management, according to new data from recruitment firm Glassdoor. The data bring good as well as bad news for Maersk Line and MSC.
Iceland's Samskip has acquired Norwegian shipping and logistics company Nor Lines, which competitor Eimskip tried in vain to take over earlier this year. The acquisition awaits approval by Norwegian regulators.
35 percent of the container vessels sailing between Asia and North Europe are ultra-large ships with capacities exceeding 18,000 containers – and this number will increase significantly within the next few years, shows an analysis by SeaIntel.
The anticipated growth in container volumes on the intra-Asian routes will be smaller than previously estimated, writes analyst firm Drewry. But the routes will still "make a significant contribution" to the global container growth this year, notes the firm.
The former CEO of OW Bunker's Singapore subsidiary, Lars Møller, had no interest in manipulating the numbers, said his defense team recently. Wrong, says the Danish financial police. The chief exec could bag himself a better bonus, according to the indictment.
The Briese and Harren family have a firm grip on the global heavy lift segment after K-Line has agreed to sell SAL Heavy Lift to company Salto, owned by Martin and Peter Harren. With Briese owning BBC Chartering and working closely together with Harren, the concentration of the segment in North Germany seems absolute.
The drilling company has secured an extension of its deadline to negotiate a rehabilitation, but time is still running out and the company is now preparing its investors and other stakeholders for coming losses.
The offshore carrier achieved a higher revenue and improved bottom line in the second quarter. Recent acquisitions will contribute to a higher revenue for 2017 than last year, and the company expects a surge in orders in the strained offshore market.
Yet another company under Singapore's once-booming offshore company Ezra has collapsed. Subsidiary Lewek Champion, with the offshore vessel of the same name, has been declared bankrupt by Singapore's high court.