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Hyundai Merchant has scaled back after 2M arrangement

Container:

Hyundai Merchant Marine has reduced its capacity by 28 percent in the period from April to June, according to Alphaliner. HMM has chartered nine vessels to the 2M alliance members Maersk Line and MSC, with whom the South Korean carrier has formed a vessel sharing agreement.


BY NIKLAS KRIGSLUND
Published 19.07.17 at 14:47

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Most read Container

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.

Maersk Line achieved USD 339 million profit in Q2

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 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.

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.

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.

South Korea poised to grant more aid to maritime industry

Container:

South Korea's new president is allegedly prepared to go further than his predecessor in efforts to aid the country's crucial maritime industry. Part of the plan is establishing the Korea Maritime Promotion Agency. The EU has previously criticized the country's involvement in the maritime sector.

Current front page

J. Lauritzen still strained despite improvements

lauritzen1.jpg Bulk:

J. Lauritzen was able to reduce its deficit in the second quarter 2017. But an actual comeback for the strained dry bulk rates still seems far off, says CEO Mads P. Zacho. (Being updated)

Pacific Basin looking at new asset acquisition opportunities

Bulk:

Among the dry bulk carriers, Pacific Basin is one of the few players so confident in the market that it has performed a significant fleet expansion. And more could be under way. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.

Smedegaard aims to land two acquisitions this year

Carriers:

The second quarter was historically good for DFDS which also bought new vessels during the period. CEO Niels Smedegaard tells ShippingWatch that there are two acquisitions in the pipeline, which he hopes to land this year. "It is a nice situation to be in," he says.

Jan Rindbo: Dry bulk rates must rise to ensure profit

Bulk:

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Alphaliner: APM Terminals could be leaving India

Ports:

An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.

Svitzer will sell 11 laid-up vessels

Carriers:

The Maersk Group's towage company Svitzer will sell 11 laid-up vessels which have no prospect of securing work at sustainable prices due to market overcapacity.

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