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Liner companies: Block Exemption has ensured lower rates

The container carriers continue their fight for an extension of the unique consortia block exemption regulation, which allows competing shipping lines to cooperate. In a letter to the EU Commission, the association lists four arguments in favor of the regulation.

Shippers far from agree on support for added sulfur charge

Several of the world's largest shipping lines, such as Hapag-Lloyd and Maersk, say that customers seem to accept the extra cost of low-sulfur fuel oil. ShippingWatch has spoken to one of the world's largest shippers, which far from agrees.

Hapag-Lloyd staying out of competitors' logistics race

The German shipping line has no ambitions to join the race to acquire logistics companies, says CEO Rolf Habben Jansen, who also does not believe in more consolidation among the biggest liner companies. But Maersk CEO Søren Skou does.

"I still don't understand why anyone is super optimistic about 2019"

Maersk has a considerably more negative view of 2019 than Hapag-Lloyd. But Maersk's CEO, Søren Skou, does not understand why anyone is optimistic about 2019 and projects, among other things, that Europe could be the next party to a trade war, he says in an interview with ShippingWatch.

Container vessel scrapping continues at rapid pace

Shipowners are still taking their revenge after a 2018 when few container vessels reached scrapping yards. In the first two months of the year, almost half the number of container vessels were scrapped as in the full year 2018, shows a new report.

Six out of ten liner companies have disappeared in 20 years

The number of shipping lines has been reduced significantly since the turn of the millennium, reports Seaintelligence. Consolidation has contributed to the disappearance of 60 of the 100 biggest shipping lines – and the trend could very well continue.

Hapag-Lloyd reports increased operating profit for 2018

Hapag-Lloyd finished 2018 with an operating profit in the high end of expectations, show the unaudited results published Monday. The German shipping line is more optimistic about the container market in 2019 than Maersk, says Clarksons Platou.

Søren Skou: 2019 looks even more uncertain

CEO Søren Skou thinks Maersk has a problem with earnings. And the rising oil price, an unpredictable US president and lower global growth in 2019 will only counteract the chief executive's important task of increasing operating earnings.

Manufacturers losing USD 100-200 per container

The container producers are losing upwards of USD 200 every time they send a new dry container into the market, according to a new study by Drewry. Maersk recently shut down two factories, though the shipping line and its peers could benefit from the development.

Maersk and Zim shrank their fleets in 2018

According to a survey by Seaintelligence, the fleets at 6 of the 12 largest liner shipping companies have grown less than the increase in general demand. Maersk and Zim have downright reduced their fleet size in 2018.

HMM hit hard by bunker prices in 2018

HMM, Maersk and MSC's South Korean partner, took a clear hit from increasing bunker prices this past year, shows the liner company's financial report for 2018. Global trade conflicts impact expectations for 2019.

Even the most ardent opponents of BER want to maintain container alliances

The fronts between container carriers and shippers are not necessarily that fiercely drawn when it comes to the carriers' unique competitive edge, says Sea-Intelligence. Even the most ardent opponents of the Consortia Block Exemption Regulation do not want to get rid of alliances altogether, notes the firm.

Container giants squeeze out North European feeder operators

The closure of Team Lines next week is just the latest example of the fact that the major liner companies have increasingly come to dominate the feeder market with their own carriers over the past ten years. Alphaliner has looked at this development over the last decade.

OOCL expects companies to struggle desperately to survive

Cosco's Hong Kong carrier OOCL projects fierce competition to prevail in 2019, further consolidation to occur and some companies having to struggle desperately to survive, OOCL spokesman, Director of Trade Stephen Ng tells ShippingWatch.

Chinese downturn hits companies harder than expected

An increasing number of industry companies are experiencing declining sales in China, writes Wall Street Journal. "We had planned on an economic downturn in China, but it is actually worse than expected," says the former Caterpillar CEO.

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