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Alphaliner: Scrapping to secure container carriers in 2017

Container:

It will largely be the carriers' ability to idle vessels, postpone deliveries, and maintain the number of scrapped vessels, which will decide the economy of the container industry in 2017, according to Alphaliner, which questions Maersk Line's optimism for the market.


BY TOMAS KRISTIANSEN
Published 15.02.17 at 15:34

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Most read Container

No Plan B for Maersk Line if Hamburg Süd acquisition fails

maerskline-aarhus.jpg Container:

There are no other interesting acquisition candidates for Maersk Line if the Hamburg Süd purchase fails, says Lars Jensen, CEO of Seaintelligence Consulting. Instead, the carrier will have to do what it should have done a long time ago, he tells ShippingWatch.

CMA CGM beats all rivals on earnings

Container:

Carriers such as Maersk Line, Hapag-Lloyd and Cosco have distanced themselves from France's CMA CGM, which in the second quarter stood out as the best-selling container shipping company in the top 20.

Maersk Line's acquisition of Hamburg Süd lacks one crucial approval

Container:

Eight months after sealing the acquisition of Hamburg Süd, Maersk Line is still waiting for one crucial approval from regulators in Brazil.

Hyundai Merchant Marine expects financial turnaround next year

Container:

Hyundai Merchant Marine, a cooperation partner of Maersk Line and MSC's 2M alliance, is experiencing significant growth, triggered by lower costs and a stronger result, says CEO.

Hamburg Süd reveals first insights into Maersk Line deal

Container:

Hamburg Süd's current and coming chairman, Ottmar Gast and Arnt Vespermann, have unveiled hitherto unknown details about the billion-euro sale to Maersk Line. A virtual room with access to 20,000 documents has played an important role.

Dockworkers block automation of vehicles in West Coast ports

Container:

The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.

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A.P. Moller Holding A/S buys Maersk Tankers

Maersk Etienne1.jpg Tanker:

The Maersk family's A.P. Moller Holding buys Maersk Tankers for USD 1.17 billion, informs the holding company Wednesday.

Dry bulk shipowners have drained yards' newbuild stockpiles

Carriers:

Shipyards have virtually no newbuild resale vessels left from canceled contracts to sell, says Celsius Shipping CEO Jeppe Jensen.

Dockworkers block automation of vehicles in West Coast ports

Container:

The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.

Saadé: Container stronger than it has been for years

Container:

The chief executive of France's CMA CGM, Rodolphe Saadé, sees no crises in the years to come for container carriers, which are currently benefiting from consolidation and stronger economic growth.

Kuehne + Nagel heralds more acquisitions

Services:

Transport and logistics firm Kuehne + Nagel is hosting its capital markets day in London, and the group has heralded news about its strategy plan.

Surging demand for staff in Norwegian offshore

Offshore:

Norwegian recruiting agencies are now reporting a surge in demand from oil and gas companies as the oil price stabilizes. But demand is still much lower than before the crisis.

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