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Seaintel: Container shipowners gear up in Atlantic

Container:

The two most important container routes on the Atlantic from North Europe and the Mediterranean to the US East Coast will see a huge rise in capacity this year with the new alliances, according to Seaintel.


BY OLE ANDERSEN
Published 10.04.17 at 11:30

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Employees at container carriers point to lack of career opportunities

Hyundai Merchant Marine singapore havn port container Container:

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.

Family-owned PIL could be next acquisition candidate

Container:

Analyst firm Alphaliner points to Singapore-based Pacific International Lines (PIL) as the most obvious acquisition candidate among the four carriers currently not part of the major alliances in the container market. However, the owning family told ShippingWatch in May that a sale was not in the cards.

Cosco buys OOCL for USD 6.3 billion

Container:

Chinese shipping giant Cosco Shipping has made a USD 6.3 billion bid on Hong Kong carrier OOCL. Should the deal be approved, it will create the the world's third-largest container carrier.

Maersk Line in major CEO reshuffle in Singapore

Container:

Tim Wickmann steps down as CEO of Maersk Line's Asian subsidiary MCC and leaves the Maersk Group after 27 years. He will be replaced by an experienced Maersk exec who takes over as CEO of the Singapore office in August. Also, a new head of Southeast Asia has been appointed.

Owner family defends PIL's autonomy

Container:

In the wake of massive consolidation, pressure is mounting on medium-sized container carriers such as Singapore-based PIL. "But we are not for sale," the carrier's Executive Director Lisa Teo tells ShippingWatch, although she does acknowledge the challenges ahead.

First 20,000 teu container ship hits the water

Container:

The world's first container ship with a capacity of a little over 20,000 teu has hit the water. The ship belongs to Japan's Mitsui OSK Lines, which could lose the record already this year.

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Scorpio Bulkers cut its deficit in half in Q2

img_sect_homepage.jpg Bulk:

The New York-listed dry bulk carrier booked a net deficit of USD 13.4 million in the second quarter, almost a 50 percent reduction compared to last year. Rates stabilized in the quarter due to increased Chinese iron ore and coal output, notes the carrier.

Torm buys four MR vessels from Chinese yard

Tanker:

Product tanker carrier Torm has purchased four MR vessels from Guangzhou Shipyard International. The order comes with options for up to four additional vessels, CFO Christian Søgaard tells ShippingWatch.

Oil rises as Saudi Arabia pledges deep cut to August exports

Offshore:

Saudi Arabia said Monday that it will make deep cuts to its crude oil exports in August and encourage improved compliance with supply reductions from other petroleum exporters. The news made the oil price rise.

Rolls-Royce's Bergen Engines in huge deficit

Suppliers:

Norwegian Bergen Engines, Rolls-Royce's engine factory, has in three years lost three quarters of a billion NOK, report Norwegian media. Last year alone saw a triple-digit million deficit on the bottom line.

Employees at container carriers point to lack of career opportunities

Container:

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.

Songa Offshore wins round one in dispute with DSME

Offshore:

An arbitration tribunal has ruled in favor of Songa Offshore in the protracted dispute between the drilling company and South Korean shipbuilder DSME. But the yard can still appeal the decision, writes Songa.

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