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As part of the tightening of rules for shipping high-risk cargoes following the tragic fire on Maersk Honam, Maersk will inspect randomly selected containers in several US ports. The new initiative will be a pilot program at first, Maersk tells ShippingWatch.
Maersk and its peers' efforts to create joint standards have hit a wall that slows down the process. But it has been decided that the new standardization initiative will be headquartered on "neutral ground," spokesman André Simha tells ShippingWatch. Amsterdam looks like a solid candidate.
Færre bestillinger på ultrastore containerskibe får Drewry til at forudse en "langt mere positiv" udvikling mellem udbud og efterspørgsel i containermarkedet. Men der er stadig for mange skibe, og handelskonflikt dæmper væksten.
OPEC's output cap and weak markets made ship asset values for second-hand tankers decline in 2018. For container and dry bulk ships, the year developed differently, according to numbers from Maersk Broker.
The 2M alliance with Maersk and MSC now expands its cooperation with Israeli shipping line Zim to also include voyages to the US West Coast as well as the Mediterranean.
The container carrier has hired a company specializing in salvaging to coordinate the cleanup efforts following the loss of 270 containers in the North Sea. The cleanup will not be complete until the last container has been recovered, says MSC.
Scrappings and deletions of container vessels dropped to a seven-year low last year. The total fleet grew 5.7 percent, writes Alphaliner.
Things are looking better for the shipping lines in 2019, but a series of initiatives need to fall into place to improve the liners' earnings considerably, writes Alphaliner.
Container rates increased in week 52 after declining for seven consecutive weeks. With the increase, the SCFI index has reached its highest level in six weeks.
The SCFI index has now gone seven weeks in a row, though it remains 15 percent higher than at the same time last year.
The current Block Exemption Regulation for liner companies should be revoked, say some. Others want it extended. The EU Commission will now address the issue. ShippingWatch has gathered some of the comments from the disputing parties here.
The reintroduction of sanctions against Iran has increased the number of unemployed container ships at carrier Iran Shipping Lines. This development impacts the global fleet.
The number of smaller container ships has dropped since 2015 due to cascading, shows new Alphaliner analysis. Especially one segment has been impacted.
Several of the biggest liner companies are set to turn up the heat on newbuild deliveries ahead of 2021. At one liner company in particular, the fast delivery pace could create problems, writes Seaintelligence in a new analysis.
Only a small portion of container ships will be fitted with scrubbers, but it will still be enough to have a positive impact on freight rates in 2019, notes analyst firm Drewry.
The Port of Singapore looks set to reach a record level for container trade in 2018, reports Seatrade.
CMA CGM recently launched a new online booking system, but such an initiative is far from new and has failed in the past, writes Alphaliner. One development in particular will show whether such a system is possible.
ShippingWatch has asked Moody's Maersk expert Maria Maslovsky to elaborate on whether the concerns about Maersk represent concerns about the entire container industry. And on why the ratings bureau is not convinced by Maersk's repeated reference to its robustness.
Rating bureau Moody's downgrades the Maersk Group's credit rating. Maersk is now just one step away from a junk rating.
EU Competition Commissioner Margrethe Vestager says liner shipping companies' unique possibility of forming collaborative arrangements has worked well. But the outcome of the review she is working on right now could be "quite extensive," she says in an interview with ShippingWatch.
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
Despite a surge in revenue, Eimskip finished the first nine months of the year with a significantly lower profit than last year. Trade tensions and Norwegian business dragged down the results.
The tide is turning on trade patterns which are shifting from globalized to regionalized, projects Martin Stopford, director of Clarksons. Danish Ship Finance also sees the emergence of a new pattern.
Hapag-Lloyd's new strategy is an indication that the carrier is heading in the same direction as two other major competitors where existing capacity is paramount, says analyst Lars Jensen from Seaintelligence Consulting to ShippingWatch.
South Korean HMM has a role to play in the container market of the future, according to a statement from the carrier regarding its future plans. The recent order of 20 mega vessels will help make sure of that.
Senior Performance Manager | Lyngby (Denmark) - GreenSteam
Corporate Finance Analyst for Group Treasury - Bunker Holding
Vetting Manager - NORDEN
Senior Market Research Analyst in UltraBulk
