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Maersk Line and Hamburg Süd make merger concessions to EU

Container:

The EU Commission postpones its final decision concerning Maersk Line's acquisition of Hamburg Süd after the two carriers have made concessions. Maersk Line describes the move as standard procedure and expects EU approval by April 10.


BY RITZAU FINANS
Published 22.03.17 at 14:21

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Alphaliner: Growing uncertainty about Yang Ming's financial state

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Even though Taiwan's Yang Ming has tried to calm the market, insufficient information from the carrier only leads to increasing uncertainty, notes Alphaliner.

Top analyst shoots down container carrier optimism

Container:

Alphaliner's chief analyst, Tan Hua Joo, is one of only a few external experts who has been asked by the container sector's secretive Box Club about his view of the future. He now warns the carriers of a worrisome development.

Alang is still the world's preferred ship graveyard

Container:

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Rickmers Maritime Trust sells entire fleet to Navios

Container:

Rickmers Maritime Trust is selling its entire fleet of container vessels to a Greek carrier. The sale comes one week after the Singapore-based company announced that it was giving up after battling to survive for months, and would close down.

First 20,000 teu container ship hits the water

Container:

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Maersk Line: 2017 off to a good start

Container:

2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.

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Maersk Line: 2017 off to a good start

Robbert van Trooijen.jpg Container:

2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.

Nordea increases loss provisions on shipping and offshore

Services:

In the first quarter, Nordea had to increase its loan loss provisions for, in particular, oil services and offshore in the segment Shipping, Oil, and Offshore, writes the bank in its interim report.

Scorpio Tankers' bottom line dropped in Q1

Tanker:

New York-listed Scorpio Tankers booked a first quarter result this year, which shrank since last year, while revenue landed in line with expectations. Second quarter looks much better, says one analyst.

Maersk in large digitalization venture with Microsoft

Carriers:

Maersk Group has formed a collaboration with Microsoft with the intention of ensuring that customers, as is the case at Fedex, can easily and precisely track their goods.

EU preparing restrictions on maritime subsidies

Carriers:

Several EU nations are currently subject to comprehensive reviews of their subsidies to carriers and maritime businesses. The EU Commission is preparing a more restrictive practice, ShippingWatch is told.

"The era of privately owned carriers is coming to an end"

Carriers:

That was one of the arguments cited when Hafnia Tankers CEO Mikael Skov and CEO of Teekay Corporation, Kenneth Hvid, participated in a debate in which they had to convince representatives from family-owned carriers that they belong to the past.

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