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 Maersk Group is on Wednesday morning CET still hit hard by the cyber attack which struck the group, and numerous other major international companies, Tuesday. 75 of APM Terminals' port facilities are hit. Maersk says on Wednesday that the issue has been contained.
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.
The Maersk family's brokerage firm maintains its forecast for an improved result compared to a weak 2016, CEO Anders Hald tells ShippingWatch. Though there is solid activity in buying and selling, it is still happening at very low prices, he says.
Chinese leasing companies have stormed into shipping and offshore accounting for 15 percent of new loans in 2016, according to new figures. ShippingWatch has met two of the new bankers which the maritime industry should start getting used to. "It's strictly commercial," they say.
Green Ship of the Future has now appointed its management team for the next two years, with senior executives from MAN Diesel & Turbo and DFDS filling the top positions in the network that consists of 48 stakeholders in the maritime sector.