Bertram R.C. Rickmers is ready to transfer 75.1 percent of his shipping empire, Rickmers Group, to HSH Nordbank and other lenders in a new debt agreement. Rickmers currently sits on 100 percent of the shares.
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.
2017 showed the first signs of improvement in the struggling container market, according to a comparison of first quarter results from the major carriers carried out by SeaIntel. It also shows that Maersk Line has fallen behind several of its competitors on the earnings front.
Danish Maritime Forum has been given new life as the Global Maritime Forum, backed by prominent names such as A.P. Moeller-Maersk, Euronav, the Onassis Foundation, and PSA. "The maritime industry needs a shared platform to tackle collective challenges, " says Paddy Rodgers, CEO of Euronav.
It is important to ensure that cases relating to sulfur fraud are made public, and that violators are named. "Sulfur violation should be a commercial matter," says Danish Shipping's Deputy Director Maria Bruun Skipper.
Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.