London-based Marine Capital expects to launch a new shipping investment entity in 2017 with the backing of institutional investors, CEO Tony Foster tells ShippingWatch. Total investment may exceed half a billion dollars.
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.
The old business model for how a carrier should be run could be dead and gone in the not too distant future, according to bank Danish Ship Finance. Chief Analyst Christopher Rex points to a need for breaking the habit.
Greek shipowners can presumably expect higher taxes in the future if the reform proposals from the government are passed. Shipping consultant, Marina Tzoutzouraki from consulting firm Dagmar Navigation, explains the crisis consequences in an interview with ShippingWatch.
A hacker attack has triggered a large-scale crash of Maersk Group's IT systems, the company tells ShippingWatch. It remains unknown how the group's customers will be impacted. APM Terminals has also been struck in ports in the US and Netherlands.
Just as a wave of mergers and acquisitions has consolidated container carriers in recent years, the many German tonnage owners need to join forces. One of the premier personalities in German shipping, Claus-Peter Offen, tells ShippingWatch that he is ready to spearhead the process.