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Maersk admits going too far in US lobby effort

Carriers:

Following heavy criticism of Maersk's lobbying efforts against the US Food Aid Program, which subsidiary Maersk Line Limited is part of, the group now admits that it has gone too far and has decided to withdraw from the debate.


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Photo: Hanjin
BY KATRINE GRØNVALD RAUN
Published 12.02.14 at 16:31

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Most read Carriers

Smedegaard aims to land two acquisitions this year

DFDS CEO Niels Smedegaard 2-version1 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.

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.

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.

DFDS delivers Q2 pre-tax profit of DKK 495 million

Carriers:

DFDS increased its operating profit by 12 percent in the second quarter to DKK 495 million, according to the interim report. "We are pleased with our steady progress and remain on track to improve on the record result of last year," says CEO Smedegaard.

Here are the world's richest shipping families

Carriers:

The shipping business has been particularly noted for creating massive family fortunes around the world. The Maersk family occupies the 2nd place on Alphaliner's list of the 21 richest shipping families.

Media: The costs of Maersk's hacker attack could be sky-high

Carriers:

At the beginning of August Maersk is still battling with the aftermath of the major cyber attack which struck the group at the end of June. The bill could be huge, reports New York Times.

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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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