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Hapag-Lloyd enters insurance market with digital product

German Hapag-Lloyd now wants to sell freight insurance to its customers with a new online service especially targeted at small and mid-sized shippers. The container line thus follows Maersk, which launched a similar product last year.

CMA CGM Group second quarter bottom line lands in the red

CMA CGM Group boosted revenue and increased container volumes in the second quarter "despite an uncertain worldwide geopolitical environment," writes the company. The bottom line, however, drops significantly compared to last year, landing in the red.

Maersk's head of Marine HR: Our crew costs are too high

The head of Marine HR at Maersk, Niels Bruus, is preparing to "turn over every stone" to make the company's crew-related costs competitive, reports maritime media Søfart. Maersk rejects that this is an initiative aimed solely at lowering wages.

2M cooperation helps ZIM back in the black

Israeli container line ZIM increased its revenue in the second quarter and reported a positive bottom line. This development is attributed to, among other factors, the company's cooperation with Maersk and MSC's 2M Alliance, according to CEO.

2019 puts shipping investors to the test

2019 was supposed to be the year in which shipping investors would finally profit from a low supply of vessels, new environmental regulations and economic growth. So far, things have not at all gone according to that plan. ShippingWatch takes a look at some of the benchmark shipping shares.

Global container rates more stable than ever

Recent years' extensive consolidation among major container liner companies has created the most stable rate environment in the global container industry ever seen, according to Sea-Intelligence.

HMM reduced deficit but remains strained by global unrest

South Korean liner major HMM grew its revenue significantly in the second quarter, though trade tensions, Middle East unrest and a looming Brexit continues to strain the company, which is still losing money. However, the switch from 2M to The Alliance is expected to bring gains.

23 container ships are currently getting scrubbers installed

At this moment, 23 container ships are at yards having scrubbers installed, and 17 of these have a capacity exceeding 7,500 teu. According to Alphaliner, this number will increase in the months to come as the IMO sulfur regulations move closer.

Container industry is finding a sustainable formula

After fighting and costing each other large deficits, 2019 is becoming the first year in which the broad section of the container shipping industry is showing financial brute strength. Even in the face of global trade conflicts. Maersk's half-year report is expected to reflect a new stage.

UK finds heroin worth millions of GBP on container ship

The UK has made a large heroin discovery on board a container ship that was headed to Belgium. This comes just a week after German customs authorities announced they had found cocaine on a ship headed in the same direction.

Alphaliner downgrades growth on container market

Alphaliner has long been confident that the container market would grow by 3.5 percent in 2019, but the firm now downgrades this forecast due to the ongoing trade conflict. US President Donald Trump's latest announcement of more tariffs do not factor into the latest estimate.

Danaos expects boost from trade war and sulfur cap

Greek Danaos grew its profit in the second quarter, when, according to the company's CEO, the charter market for large ships was "strong." The container tonnage owner hopes to be able to profit from the IMO's sulfur regulations and the current trade war between the US and China.

Improvements in liner companies' reliability far from similar

Container liner companies have experienced a significant improvement in schedule reliability in 2019 so far. But looking back a few years, the scenario differs widely between the various major tradelanes, according to numbers from Sea-Intelligence.

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