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Last week's top stories on ShippingWatch

Carriers:

Shipowner Johan Wedell-Wedellsborg opened up about the sale of Stena Weco to Stena Bulk, Maersk Group CEO Søren Skou is building a new CEO Office, and the dry bulk shares have skyrocketed in 2017 so far. Here are this week's top picks on ShippingWatch.


BY SØREN PICO
Published 17.03.17 at 14:46

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Most read Carriers

"The era of privately owned carriers is coming to an end"

kennthhvid.jpg Carriers:

That was one of the arguments cited when Hafnia Tankers CEO Mikael Skov and CEO of Teekay Corporation, Kenneth Hvid, participated in a debate in which they had to convince representatives from family-owned carriers that they belong to the past.

Maersk in large digitalization venture with Microsoft

Carriers:

Maersk Group has formed a collaboration with Microsoft with the intention of ensuring that customers, as is the case at Fedex, can easily and precisely track their goods.

EU preparing restrictions on maritime subsidies

Carriers:

Several EU nations are currently subject to comprehensive reviews of their subsidies to carriers and maritime businesses. The EU Commission is preparing a more restrictive practice, ShippingWatch is told.

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.

Singapore cements its position as leading maritime hub

Carriers:

A new report from Norway's Menon Economics, published Wednesday in Singapore, cements Singapore's status as the world's number one maritime hub. The analysis names Hamburg, Oslo, Rotterdam, London, and Copenhagen as the five key European maritime capitals.

EU approves Maersk Line's purchase of Hamburg Süd

Carriers:

EU's antitrust authorities are permitting Maersk Line to take over the German shipping company Hamburg Süd on the condition that Hamburg Süd withdraws from five consortias on trade routes.

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Fredriksen continues his crusade to become top supertanker player

Fredriksen.jpg Tanker:

Shipping magnate John Fredriksen continues the battle to take over DHT as the move could give his tanker carrier Frontline a superior position in the VLCC market. "Size does matter," one analyst tells ShippingWatch. "Very insufficient offer," says DHT.

Maersk Line: 2017 off to a good start

Container:

2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.

South Korean yards save their way to profits

Suppliers:

Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries have both delivered large profits in the first quarter. According to local media, the improvement is largely attributed to comprehensive streamlining efforts.

Maersk in large digitalization venture with Microsoft

Carriers:

Maersk Group has formed a collaboration with Microsoft with the intention of ensuring that customers, as is the case at Fedex, can easily and precisely track their goods.

Subsea 7 eyes improved supply in offshore market

Offshore:

Market conditions remain challenging, but activity on the supply side is improving, notes Subsea 7 in the carrier's interim report.

Seaspan has faith in improved container market

Container:

2017 did not begin as well as last year for Seaspan. However, the shipowner has faith in the future and is ready to benefit from the reconstruction of the container market which is currently underway, says CEO Gerry Wang.

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