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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.
Unifeeder's takeover of Norwegian shortsea carrier Tschudi Lines will strengthen the company's Baltic Sea business at a time characterized by declining volumes from the Far East as well as consequences from the Russian crisis, CEO Jesper Kristensen tells ShippingWatch.
Equity fund-owned Unifeeder acquires carrier Tschudi Lines, which operates activities in the North Sea and the Baltic Sea, from Norwegian transport group Tschudi Logistics, reports Alphaliner.
Another order for ten feeder vessels forms part of Evergreen's bet on regional trade in Asia. The order falls under a larger venture with a newbuilding program totaling more than 30 ships.
Taiwanese Evergreen has just ordered ten new feeder container ships which, according to plan, will be deployed in the intra-Asia trade. An upcoming free trade agreement will create growth opportunities, states the carrier.
Senior Performance Manager | Lyngby (Denmark) - GreenSteam
Corporate Finance Analyst for Group Treasury - Bunker Holding
Vetting Manager - NORDEN
Senior Market Research Analyst in UltraBulk
