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Maersk Line's result is a concern for the entire industry

Container:

Maersk Line's deficit is symbolic of continued struggles throughout the container industry, analyst Lars Jensen tells ShippingWatch. He thinks that two things in particular are worrying about the numbers. CEO Søren Skou on the other hand stand firm on the forecast for the full-year 2017.


BY TOMAS KRISTIANSEN | LOUISE VOGDRUP-SCHMIDT
Published 11.05.17 at 15:54

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Most read Container

Rickmers Maritime Trust completes first sale of vessels

rickmersmaritime.jpg Container:

Rickmers Maritime Trust has now completed the sale of the five first vessels to Greece's Navios, which has agreed to buy a total of 14 vessels.

Hapag-Lloyd seals merger with UASC: "A milestone in history"

Container:

Hapag-Lloyd and UASC are now officially merged after the two container carriers have agreed on the last remaining formalities in the deal. The merger will create the world's fifth-largest carrier by capacity. Get the latest details here.

Maersk Line's result is a concern for the entire industry

Container:

Maersk Line's deficit is symbolic of continued struggles throughout the container industry, analyst Lars Jensen tells ShippingWatch. He thinks that two things in particular are worrying about the numbers. CEO Søren Skou on the other hand stand firm on the forecast for the full-year 2017.

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.

CMA CGM achieved a profit in strong Q1

Container:

Container carrier CMA CGM increased its net earnings in the first quarter 2017, which marked a big improvement compared to the same period last year. The acquisition of APL contributes positively to the business for the first time.

Maersk Line will lay off 4,000 employees

Container:

Maersk Line is now accelerating a long line of cost reduction initiatives. The carrier postpones investments in new ships, informs Maersk in a statement on Wednesday.

Current front page

Major customers criticize carriers' crewing standards

7501007186_4e7b5c4e2a_h.jpg Carriers:

Some of the world's biggest customers in dry bulk and tanker, including Trafigura and Shell, criticize carriers for slacking off on the quality of crews on board vessels, according to a new report. This fact could impact safety.

Lightship loses dramatic court case to former partner

Services:

Shipbroker Lightship Chartering has been sentenced to pay a little over DKK 500,000 to a former partner who now works at Maersk Broker. Lightship has also been sentenced for an email sent by owner Morten Have to the management of Maersk Broker.

Seadrill CEO: We will likely end up in court

Offshore:

CEO Per Wullf expects that Seadrill will have to go to court to apply for receivership as the company does not believe that all its bondholders will agree to the new recapitalization proposal.

Oil countries extend production cuts

Offshore:

Members of OPEC and several other oil producing countries reached an agreement to extend reductions on oil production. However there are indications that the market expected more from the extension.

Death on Norden vessel being investigated

Bulk:

A 38-year-old crew member from the Philippines has been killed in an accident on board Norden vessel Nord Quebec when the ship berthed at Troi-Riviéres in Canada. The Canadian authorities are investigating the accident.

Rickmers Maritime Trust completes first sale of vessels

Container:

Rickmers Maritime Trust has now completed the sale of the five first vessels to Greece's Navios, which has agreed to buy a total of 14 vessels.

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