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Mitsubishi Heavy will combat shipbuilding crisis through alliances

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Japanese shipbuilder Mitsubishi Heavy Industries will launch alliances talks with three of the country's other yards in an attempt to strengthen competitiveness in the global market. Overcapacity and zero orders are keeping the sector mired in crisis.


BY DANIEL LOGAN BERG-MUNCH
Published 30.08.16 at 14:53

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Most read Suppliers

A new coat of paint is rocking the global shipping industry

containere3.jpg Suppliers:

A shift in China toward less toxic coatings for containers has sent costs skyrocketing, delivering a blow to the shipping industry just at a time when the sector is anticipating a degree of recovery.

New shipping bank gets billionaire major shareholder

Suppliers:

Norwegian billionaire investor Endre Røsjø has joined a new shipping bank as major shareholder and will likely serve as chairman, while Germany's Henning Oldendorff (pictured) and Norwegian Arne Blystad will be the biggest shareholders, sources tell ShippingWatch.

Nigeria accuses Monjasa of illegal bunker trade

Suppliers:

14 foreign seafarers are charged by Nigerian police of engaging in illegal trading of bunker oil. The case involves Danish bunker company Monjasa, which denies the alleged illegal activities when asked by ShippingWatch, as well as UK-based Glencore Energy.

Media: Deloitte to receive penalty for role in South Korean yard scandal

Suppliers:

South Korea's Financial Services Commission will bar accounting firm Deloitte for a year following the scandal related to accounting fraud at Daewoo Shipbuilding & Marine Engineering.

Halliburton lands bigger profit than expected

Suppliers:

The oil service unit exceeded many observers' profit projections for the share in a development that happened in spite of a significant slide in revenue compared to the fourth quarter 2014.

Bunker Holding: Trust has disappeared after OW collapse

Suppliers:

As many as half of the global bunker suppliers will disappear from the market, predicts Bunker Holding CEO Keld Demant in an interview with ShippingWatch. The bunker company has just published a record result.

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:

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

Container:

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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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