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Photo: PR-foto/Hanjin Shipping

Hanjin Shipping finally declared bankrupt

Container:

This Friday the court in Seoul declared Hanjin Shipping bankrupt after the carrier has spent months under court receivership and on being wound down.


BY OLE ANDERSEN
Published 17.02.17 at 07:18

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Container carriers' search for digital solutions now underway

POLFOTO_10369320.jpg 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.

Drewry: Things looking better on routes from Asia to South America

Container:

The final months of 2016 brought improvements on the routes from Asia to the east coast of South America. But there is still a long way to go in terms of the activity noted on the routes in the past, writes analyst firm Drewry, warning against excessive optimism.

Eimskip's acquisition of Nor Lines blocked

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Norway's competition authority objects to Icelandic carrier Eimskip's acquisition of shipping and logistics company Nor Lines. Eimskip now has 15 days to present its counterarguments.

China fines 14 carriers for illegal price practice

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Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.

Rickmers Maritime's fleet drops below scrap value

Container:

According to VesselsValue, the ailing owner of container ships stands to gain more from selling its entire fleet instead of keeping the vessels operational.

Hamburg Süd sale is "very sad" for German shipping

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Maersk Line's acquisition of Hamburg Süd tarnishes the German self-image during hard times as the country's shipping industry is already under pressure, says professor and maritime economist Urlich Malchow, who calls the acquisition "emotionally and symbolically very sad for Hamburg."

Current front page

APM Terminals' delayed TCB port set to open

tcq1.jpg Ports:

APM Terminals has received the final approvals to operate the newly built terminal in Guatemala, which is at the center of a large-scale corruption scandal. The first ship called on Sunday, and the terminal is expected operational soon. The opening was met with local protests.

China fines 14 carriers for illegal price practice

Container:

Several container carriers have received penalties in China for failing to provide correct information about their freight rates to the Chinese ministry of transports. The carriers fined include CMA CGM and Hamburg Süd. But the size of the fine is fairly modest.

Nakilat suffers marginal setback in tough market

Tanker:

Earnings at the Arabian LNG carrier decreased by a little under QAR 30 million in 2016. Despite the downturn in the oil and gas market and overcapacity in the shipping markets, the carrier is pleased with the result.

Eimskip's acquisition of Nor Lines blocked

Container:

Norway's competition authority objects to Icelandic carrier Eimskip's acquisition of shipping and logistics company Nor Lines. Eimskip now has 15 days to present its counterarguments.

Damco CEO: Time to invest again

Ports:

"Damco needs to shift gears if the company is to achieve profitable growth," CEO Klaus Rud Sejling tells ShippingWatch after a multiple-year turnaround at Damco.

Klaveness on bulk in 2017: Slightly better but not good

Bulk:

The dry bulk market has left rock bottom behind in 2016, yet 2017 will not be much better, CEO of Torvald Klaveness, Lasse Kristoffersen, tells ShippingWatch.

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