The idea behind Transport & Logistics is for Maersk's container businesses to make more money off each other. This has already benefited APM Terminals. But how will Svitzer, which has its main market in Australia, play into this plan? The Hamburg Süd acquisition will factor into the equation.
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.
Authorities are doing too little to enforce the rules regarding shipbreaking, says the chairman of the ESRA association of EU shipyards. He explains that ships often leave Europe without the necessary approvals.
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.
Nordic bank Nordea is currently reviewing guidelines for shipping customers regarding hazardous vessel scrapping. Danske Bank is also evaluating the issue of carriers' scrapping in Asia, the banks tell ShippingWatch.
John Fredriksen, who actually holds a Cypriot passport, has been listed as Norway's richest person by business magazine Kapital for the 15th consecutive year. Another shipping profile is ranked a bit further down the list.