Photo: Louise Vogdrup-Schmidt

Alphaliner: Scrapping to secure container carriers in 2017


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.

Published 15.02.17 at 15:34

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Container

Hapag-Lloyd's talents must draw on self-reflection to get ahead

BerlinExpress_print Hapag Lloyd.jpg Container:

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 container carriers point to lack of career opportunities


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.

Maersk Line almost back at full steam after cyber attack


Maersk Line is now more or less back at full speed after the carrier took a bit hit from the Petya virus as part of a global hacker attack in late June.

Samskip to buy Eimskip's former acquisition candidate


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.

Number of mega-vessels on Asia-Europe set to explode


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.

Hyundai Merchant optimistic about third quarter


Hyundai Merchant Marine reports increased transport between Asia and the US West Coast and is optimistic about higher volumes in the third quarter this year, says the carrier, which partners with Maersk Line and MSC.

Current front page

New Dan-Bunkering CEO: We need to grow at least 10 pct

christopher.jpg Services:

Dan-Bunkering has in the past year streamlined its organization and laid off people. Not there is room to strengthen the core business, and also consider new areas, the company's CEO since May this year, Christoffer Berg Lassen, tells ShippingWatch.

US firm Brookfield takes control of Teekay Offshore


Teekay Corporation has entered a strategic partnership with New York-listed investment firm Brookfield, which will inject hundreds of million of dollars in Teekay Offshore. Brookfield will thus own 60 percent of the offshore unit.

Rystad Energy: At least 110 rigs must go to curb downturn


Massive overcapacity in the jack-up rig market means that 110 rigs need to be go before the market can return to balance and the downturn in recent years can be curbed, says Rystad Energy.

Finnlines beats its own record in first half of 2017


Italian-owned Finnlines presents record results for the latest quarter as well as the first half of 2017. CEO attributes the strong developments to soaring Finnish imports and exports.

EU Commission cancels tax discount for French and Belgian ports


That Belgian and French ports are exempted from paying taxes on their profits constitutes illegal state aid, concludes the EU's competition commissioner Margrethe Vestager. But the ports will not be required to repay the received aid.

Statoil exceeds expectations and triples operating result


Higher oil prices and a major focus on cost reductions helped the Norwegian oil giant emerge in surprisingly strong form from the year's second quarter.