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Competitors overtake Maersk Line in 2017

Carriers:

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.


BY TOMAS KRISTIANSEN
Published 22.05.17 at 15:52

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Most read Carriers

Maersk IT systems still down due to cyber attack

portelizabeth2.jpg Carriers:

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.

Hapag-Lloyd has lost efficiency following merger

Carriers:

According to SeaIntel, the merger with Chilean CSAV has cost the German container carrier 11 percent of its otherwise all-time high efficiency measured in freight volumes and number of employees.

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.

IMF reduces growth estimate for 2017 and 2018

Carriers:

Doubts about the development of the US economy have prompted the International Monetary Fund to downgrade its growth projections.

EU tax negotiations for shipping could last rest of the year

Carriers:

Greece and the EU Commission could possibly spend the rest of the year negotiating the country's taxation of shipowners. The negotiations could affect other EU member states.

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.

Current front page

Customers lack clarity after Maersk cyber attack

gbghamn-heli16_41a1726.jpg Container:

Maersk customers such as Jysk and DSV are currently trying to get clarification concerning the situation following Tuesday's cyber attack. If worst comes to worse, they could look toward other carriers, they tell ShippingWatch.

Japanese carriers could have strong case to appeal South African rejection

Container:

According to Alphaliner, there does not seem to be much factual evidence to support the claims that the container merger between Japan's three biggest carriers will disrupt competition in South Africa.

APM Terminals: All terminals are open

Ports:

According to Danish newspaper Børsen, APM Terminals has announced that all of its terminals are in operation. The company has been in contact with customers via email.

US shale boss predicts that offshore oil will soon die out

Offshore:

Oil companies which invest in deepsea fields and new exploration fields at sea will soon be a thing of the past, says a US shale billionaire who predicts strong growth in shale oil over coming years.

"A serious pressure test of Maersk's cyber security measures"

Container:

The hacker attack on Tuesday against the Maersk Group constitutes a massive test of the group's security procedures, analyst Lars Jensen of Seaintelligence Consulting tells ShippingWatch. The problems are now accumulating.

Statoil signs long-term contracts for offshore ships

Offshore:

The Norwegian oil major has taken on a series of offshore vessels on contracts totaling USD hundreds of billions, including ships from Norway's new, large-scale offshore carrier Solstad Farstad and from Havila.

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