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The acquisition of a Singapore-based feeder shipping line will likely not be Unifeeder's last, after the company close to a year ago was purchased by DP World. Two parameters in particular are decisive when Unifeeder looks at acquisitions, says CEO in an interview with ShippingWatch.
Det danske feeder-rederi Unifeeder vil stjæle gods fra de europæiske landeveje. "Vi føler, at der er positivt momentum," siger topchef Jesper Kristensen, som modsat konkurrenter ser positivt på markedet.
Feeder line Unifeeder wants to conquer cargo from European highways. "We feel there's a positive momentum," says CEO Jesper Kristensen, who, unlike the competitors, has a positive take on the market.
The container sector could face a significant shortage of smaller container ships in the years to come, projects Sea-Intelligence. Upwards of 600 ships should be ordered at the yards.
Maersk has agreed to charter 13 feeder ships of 2,200 teu each, currently being built in China and Japan. The new ships are scheduled for delivery in the first half of 2021, Maersk tells ShippingWatch.
Former Rickmers Maritime Trust CEO Søren Andersen will head shipping line 2020 Seaways, which will bet on newly built and energy efficient feeder ships. The shipping company is owned by Bertram Rickmers and its ambition is to build a fleet of 40 ships. ShippingWatch has interviewed the new chief executive.
Finnish feeder carrier Containerships, owned by CMA CGM, has downgraded its EBITDA forecast for this year. Investments in new LNG vessels have contributed to the reduced projections.
A competitor acquires several of Team Lines' contracts with major shipping lines in North Europe. This involves routes between Sweden and Germany, which are used by liner companies such as Hapag-Lloyd, MSC and Hamburg Süd.
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.
Lukningen af Team Lines i næste uge er blot seneste eksempel på, at de store containerrederier over de seneste ti år har sat sig hårdere og hårdere på feedermarkedet med deres egne rederier. Alphaliner har kigget på udviklingen det seneste årti.
Feeder operator Team Lines will close down its business following several years of difficult market conditions, a spokesperson from its Hamburg headquarters tells ShippingWatch. The business model was not viable, says the company in a letter.
Maersk Line's negotiations with a Chinese shipyard to buy five feeder ships also comes with an option for another five ships, reports the Wall Street Journal.
And CEO Jeppe Jensen is happy about that. He is back in his old favorite segment, and is confident all calculations support the major order of two LNG vessels, which will definitely not be the last, he says in an interview with ShippingWatch.
Den tyske skibsmægler Arkon Shipping går sammen med en række skibsejere om et nyt charterselskab rettet primært mod feedersegmentet. Selskabets flåde kan hurtigt vokse til over 100 skibe, siger partner.
Earnings as well as revenue at private equity-owned and sales-ready Unifeeder are significantly higher than might appear at first glance. ShippingWatch has interviewed CEO Jesper Kristensen.
Sinokor plans to buy upwards of 30 feeder vessels from Dutch Vroon, which recently settled a restructuring plan, report several media.
In a few days, Maersk is expected to deploy the first vessel from a brand new generation of feeder ships, which will be the largest custom-built vessels to sail in the Baltic. The vessels could radically change the dynamic in North European feeder sailing, reports Alphaliner.
Shipyards have virtually no newbuild resale vessels left from canceled contracts to sell, says Celsius Shipping CEO Jeppe Jensen.
Celsius Shipping, established just five years ago, has invested in eight feeder vessels, bringing the carrier's total fleet to 37 ships.
The downturn in German shipping means that a smaller number of banks have now taken over a large number of feeder vessels from ailing shipowners. This development was noted at Unifeeder in the first half of 2016, as charter prices increased. Yet this trend has turned around, says CEO Jesper Kristensen.
Seago Line, which is owned by Maersk Line, is changing the composition of its executive board, which will go from seven members to four. For the carrier, it will be "business as usual" going forward, says Maersk Line to ShippingWatch.
It is a costly exercise when major carriers transport small cargo volumes to smaller ports and thus achieve a low fleet utilization, according to an analysis which points to major savings by leaving feeder transports to other players.
After presenting a solid profit in the most recent annual report, Maersk Group's European feeder and short sea carrier Seago Line can no longer withstand the downturn in the container industry, says CEO Søren Castbak to ShippingWatch after six months as head of the carrier.
Unimed Feeder Services, a subsidiary of container carrier Unifeeder, is the first operator to have implemented a deal with Iranian IRISL for feeder sailings which cover Iran, writes Alphaliner.
The next battleground for orders among container carriers will be centered on the smaller feeder vessel segment, projects SeaIntel in a new analysis. This indicated by the age profile and the current orderbook, even though the market today is struggling with a vast overcapacity.
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