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Drewry fails tanker shares for the next two years

Tanker:

Investors will be able to bag solid profits on investments in container and dry bulk shipping in the coming years, but they should stay away from tanker carriers, says Drewry in a new forecast for shipping shares in 2017.


BY OLE ANDERSEN
Published 10.01.17 at 14:58

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A.P. Moller Holding A/S buys Maersk Tankers

Maersk Etienne1.jpg Tanker:

The Maersk family's A.P. Moller Holding buys Maersk Tankers for USD 1.17 billion, informs the holding company Wednesday.

This man will steer Maersk Tankers through the divorce

Tanker:

Maersk Tankers will be separated from Maersk Group and become an independent company as part of the split of the conglomerate. Christian Michael Ingerslev will head this process. Meet him here.

One carrier in particular has absorbed Hanjin's vessels

Tanker:

Collapsed South Korean carrier Hanjin controlled a fleet of 102 container vessels, which have since been absorbed by other carriers. One carrier in particular has taken over a third of Hanjin's former capacity, writes Alphaliner.

Scorpio Tankers booked major deficit in the first half

Tanker:

Following the announced merger with Navig8, Scorpio Tankers delayed its interim report, published instead today, Monday, and which shows a deficit for the first six months. The numbers further underline the strain on the product tanker sector.

SeaIntel: Here are the winning ports with the new alliances

Tanker:

Several ports across Asia and Europe have made gains from the new container alliances which have entered into force on the Asia-Europe routes, says SeaIntel. Meanwhile,some ports have also experienced a "significant decline" in port callings since 2014.

Maersk Tankers orders new ships from Chinese yard

Tanker:

Maersk Tankers has placed an order for nine tanker vessels at shipyard Samsung Heavy Industries in Ningo, China.

Current front page

A.P. Moller Holding A/S buys Maersk Tankers

Maersk Etienne1.jpg Tanker:

The Maersk family's A.P. Moller Holding buys Maersk Tankers for USD 1.17 billion, informs the holding company Wednesday.

Dry bulk shipowners have drained yards' newbuild stockpiles

Carriers:

Shipyards have virtually no newbuild resale vessels left from canceled contracts to sell, says Celsius Shipping CEO Jeppe Jensen.

Dockworkers block automation of vehicles in West Coast ports

Container:

The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.

Saadé: Container stronger than it has been for years

Container:

The chief executive of France's CMA CGM, Rodolphe Saadé, sees no crises in the years to come for container carriers, which are currently benefiting from consolidation and stronger economic growth.

Kuehne + Nagel heralds more acquisitions

Services:

Transport and logistics firm Kuehne + Nagel is hosting its capital markets day in London, and the group has heralded news about its strategy plan.

Surging demand for staff in Norwegian offshore

Offshore:

Norwegian recruiting agencies are now reporting a surge in demand from oil and gas companies as the oil price stabilizes. But demand is still much lower than before the crisis.

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