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Container lines grow their businesses

Nine of the world's largest container lines increased their revenue in the second quarter. The highest revenue is found at Maersk, although the shipping line also booked the lowest growth.

Maersk wanted HMM to remain a 2M partner

Maersk would have liked HMM to remain part of the 2M alliance, the company tells ShippingWatch. HMM also confirms that negotiations took place. Once the South Korean partner withdraws next year, 2M will need to find alternatives in the Pacific.

Søren Skou: "We're now back as a growth company"

After a couple of years focused on divestments and adjusting the future container business, CEO Søren Skou says Maersk is now once again a growth enterprise. 2019 in particular will prove if he is right.

Jeremy Nixon: Oil price strains container earnings

The increasing oil price is a major challenge for container carriers' earnings this year, says Jeremy Nixon, head of the large-scale Japanese container merger Ocean Network Express. There are likely weak results underway from some of the major liner companies.

Swarm of new container ships makes order book soar

The overall order book for new container ships is growing significantly, and there are more orders underway for everything from feeder ships to the largest vessels in the sector, according to Alphaliner.

Yang Ming exits Q1 with a smaller deficit

Yang Ming managed to reduce its deficit significantly in the first quarter 2017 compared to the same period last year. And the Taiwanese carrier believes in a better market this year.

Container industry suffers record deficit in 2016

2016 finished with major losses for the combined container industry, according to calculations made by SeaIntelligence Consulting for ShippingWatch. The level is virtually in line with the horrific year of 2011.

Yang Ming books huge loss in 2016

Media report that Taiwanese container carrier Yang Ming emerged from 2016 with a deficit of USD 493.6 million, almost double the 2015 deficit.

Asia's shipping lines are facing more mergers

With the prospects of a prolonged trade slowdown and continued low freight rates, Asia's container lines look set for further consolidation in 2017, projects Hyundai Merchant CEO. Analysts point to possible Taiwanese container merger.

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