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Photo: Louise Vogdrup-Schmidt

J. Lauritzen supports Maersk in Alang controversy

Carriers:

J. Lauritzen deems it visionary of Maersk to recycle vessels in Alang. If India is going to improve, the carriers have to put on the pressure, the bulk carrier tells ShippingWatch. Norden cites the Hong Kong Convention, just as Maersk does. Torm is working on its scrapping policy.


BY TOMAS KRISTIANSEN | NIKLAS KRIGSLUND
Published 14.10.16 at 12:29

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Most read Carriers

Hundreds of directors form the future of Maersk

Søren Skou maersk line kapitalmarkedsdag.jpg Carriers:

Over two days of this week, hundreds of managers from Maersk Transport & Logistics voiced their thoughts on the future of Maersk at a seminar in Copenhagen. It involved talking strategies and growth goals for the new Maersk. Two management teams in particular are critical to the outcome.

Thorco Bulk expands with more recruitments

Carriers:

Thornico group's dry bulk carrier Thorco Bulk has built up enough revenue after just six months that it will now expand by hiring more employees. The carrier will gain its own CFO, says Managing Director Marc Slinger to ShippingWatch.

The Maersk family investment company takes shape

Carriers:

Two generations in the Maersk family hold central positions in the investment company A.P. Møller Holding, which has now recruited two experienced Maersk execs. With CEO Robert Uggla's own information officer, the company will take on a more outgoing profile. ShippingWatch outlines the new firm here.

Final farewell to Maersk Energy is now underway

Carriers:

Maersk Group will scale down investments in its energy units ahead of ultimately selling the businesses, says Søren Skou at the group's Capital Markets Day on Tuesday. The money spent will mainly go to Maersk Oil.

Former Eitzen CEO buys Danish shipping company

Carriers:

The two former colleagues and senior executives Jens Grønning and Søren Andersen have acquired former broker and carrier Otto Danielsen A/S, which will become a consulting firm. "A particularly nice partnership," Jens Grønning tells ShippingWatch.

Icelandic seafarers: Eimskip deal secures jobs in Iceland

Carriers:

Iceland Seaman's Union believes a new deal with Eimskip now secures employment for members. The crews on board the carrier's vessels will be the focus of attention among Danish navigators when Eimskip and Royal Arctic Line launch their partnership in the North Atlantic.

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Hyundai Merchant to acquire stake in Hanjin's US terminal

Hanjin long beach LA.jpg Container:

The board of directors of Hyundai Merchant Marine has decided to buy a 20 percent stake in collapsed rival Hanjin Shipping's Total Terminals International, which operates container terminals in Long Beach and Seattle.

Media: Cosco preparing offer on OOCL

Carriers:

According to Wall Street Journal, China's Cosco Group is preparing to place a bid of more than USD 4 billion for China's Orient Overseas Container Lines.

Hapag-Lloyd executes its UASC redundancy plan

Container:

Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

Growing speculation about new billion-dollar acquisition of container carrier

Container:

The price for one of the container industry's well-run carriers, Orient Overseas in Hong Kong, is at least USD 4.7 billion, says Alphaliner. The shares in the carrier rose again on Wednesday.

Søren Skou: IPOs most likely solution for Maersk Energy

Offshore:

Maersk Group CEO Søren Skou says in an interview with Bloomberg TV during the Davos summit that he thinks the most likely scenario for the group's energy business is an IPO. Søren Skou also projects increasing global trade.

Thorco Bulk expands with more recruitments

Carriers:

Thornico group's dry bulk carrier Thorco Bulk has built up enough revenue after just six months that it will now expand by hiring more employees. The carrier will gain its own CFO, says Managing Director Marc Slinger to ShippingWatch.

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