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Qatar crisis has reached the Hapag-Lloyd supervisory board

Container:

Just two weeks after the merger between Hapag-Lloyd and UASC, the boycott of Qatar is threatening to poison the partnership between two of the largest shareholders in the German carrier. Customers as well as other shareholders call for answers which are difficult to provide in the complex situation.


BY TOMAS KRISTIANSEN
Published 07.06.17 at 15:17

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Most read Container

Maersk Line achieved USD 339 million profit in Q2

maerskline.jpg Container:

The world's largest container carrier, Maersk Line, achieved a USD 339 million profit in the second quarter. Freight rates are up 22 percent compared to last year, while impairments in other business units dragged down the group's overall result into the red.

Maersk Line missed out on growth in the container market

Container:

CEO Søren Skou was unable to deliver what analysts, competitors, and undoubtedly shareholders had expected. The carrier has lost market shares at what looks like the worst possible time, observers note. Fully in line with expectations, says Skou.

Maersk Tankers books huge impairment on vessels

Container:

The Maersk Group's product tanker carrier, Maersk Tankers, lost more than USD 483 million in the second quarter, a deficit that pulls the group into the red. Port unit APM Terminals also booked impairments related to several ports.

Rickmers Maritime closes container ship sale

Container:

Rickmers Maritime Group has now completed the sale of its last nine container ships to Greek Navios Maritime. This brings the shutdown of the Singapore-based fund to an end.

Søren Skou: Acquisition wave will continue

Container:

There will only be 5-6 major container carriers left 10 years from now, says Maersk CEO Søren Skou in an interview with Financial Times.

Evergreen grows cargo volumes and earnings

Container:

Listed Evergreen Marine has turned last year's massive deficit into a significant profit in the first six months of the year, and in the second quarter in particular.

Current front page

Maersk Line missed out on growth in the container market

sørenskou2.jpg Container:

CEO Søren Skou was unable to deliver what analysts, competitors, and undoubtedly shareholders had expected. The carrier has lost market shares at what looks like the worst possible time, observers note. Fully in line with expectations, says Skou.

Torm Executive Director eyes flat development in product tanker

Tanker:

Danish product tanker carrier Torm finished the second quarter this year with an operating profit of USD 36 million and a negative bottom line of USD 2 million in a challenging market.

Maersk Tankers books huge impairment on vessels

Container:

The Maersk Group's product tanker carrier, Maersk Tankers, lost more than USD 483 million in the second quarter, a deficit that pulls the group into the red. Port unit APM Terminals also booked impairments related to several ports.

Transocean punished for biggest offshore deal of oil downturn

Offshore:

Investors did not take kindly to the news that Transocean had agreed to buy Songa Offshore in the biggest offshore drilling industry deal since the oil price plunge began three years ago.

Offshore crisis hits Singapore companies yet again

Offshore:

Ezion, another one of Singapore's offshore companies, has filed for insolvency, and trading of the company's shares has been suspended. Shipping service company Marco Polo's shares have been suspended since May, and the company's latest interim report does not bode well for the future.

Here is an overview of the Maersk Group Q2 results

Carriers:

Maersk Line grew, benefiting from a strengthened container freight market, while major impairments at Maersk Tankers and APM Terminals dragged the group's overall results down. And the hacker attack came at a high price.

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