ShippingWatch

Last week's top stories on ShippingWatch

Maersk stood out last week, with CEO Søren Skou expressing the company's challenges but also called scrubbers "a foolish idea." The Danish climate minister also entered the scrubber debate while DSV dismissed rumors about a merger with Kuehne+Nagel.

Photo: Søren Bidstrup/Scanpix

Maersk boost on container -- but earnings must improve

Maersk's fourth quarter report showed growth in revenue and operations on its important Ocean segment covering the line carrier and the largest port under APM Terminals. Despite this, CEO Søren Skou is not satisfied with earnings for the entire year to Maersk.

In the report it also emerged that Maersk has increased its investments in scrubbers with a figure worth billions of Danish kroner. Despite the huge investment, Maersk does not believe in scrubbers as a complete solution to shipping's sulfur emissions.

"We still maintain that scrubbers are a foolish idea," said Skou in response to questions from ShippingWatch.

Skou also verbalized how Maersk sees its role in the battle which has taken place in recent months to acquire vessels of a certain caliber, which has led DSV into an open battle, first with CMA CGM and now Kuwaiti company Agility.

Maersk leaves the other logistics companies to make big acquisitions

Agility CFO: We don't see ourselves as exiting

Søren Skou: 2019 looks even more uncertain

Søren Skou's biggest concern is a question of USD 200

Maersk notes improvement but is not satisfied with earnings

Maersk Drilling to go public April 4

Danish environment minister shares scrubber concerns

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Photo: Ritzau Scanpix/Mads Claus Rasmussen

Skou is not the only scrubber skeptic. He is joined by Danish environment minister Jakob Ellemann-Jensen, who believes that there is a need to gather more information about scrubbers' environmental impacts and thereby enters a debate which has divided the shipping industry.

Maersk chastises scrubbers: "A foolish idea"

Scorpio Tankers' deficit grew in 2018

DSV on Kuehne + Nagel acquisition: "No truth in it whatsoever"

dsv3.jpg
Photo: PR-foto/DSV

DSV is not about to change its tack and become an acquisition target itself, said the Danish logistics company to ShippingWatch after media The Loadstar reported Thursday that DSV would go from trying to buy Panalpina to talks with competitor Kuehne+Nagel regarding a possible takeover.

"I can 100 percent deny this. There is no truth in it whatsoever," said Tina Hindsbo, CCO at DSV to ShippingWatch.

DSV on Kuehne+Nagel takeover: "No truth in it whatsoever"

This is where Danish carriers are building their vessels

skib bygget danske rederier.jpg
Photo: Danske Rederier

More than two-thirds of Danish carriers' newbuildings in the coming years will be constructed on Chinese yards.

Although China tops the list with 23 tankers, 11 ro-ro vessels, 7 bulk vessels and a single container ship, more countries are contributing to deliver a total 59 new vessels.

Shipbroker: CMA CGM has ordered 10 large container vessels

CMA CGM goes two different directions with large order

Also read:

Golden Ocean eyes uncertain dry bulk market

Teekay LNG aims to double the bottom line in 2019

More countries support the Hong Kong convention

South Korean yard scores orders on four LNG vessels

HMM's CEO steps down

Norway expects fewer oil investments

Navios Maritime books impairment on vessels

PIL pulling out of important container route

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