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This week's top stories on ShippingWatch

Maersk's controversial decision to scrap vessels in Alang, CEO to step down from Arabian container carrier, and the first steps in the fire-sale of Hanjin assets were among this week's top stories on ShippingWatch.

Photo: PR-foto/Maersk Line

The EU will introduce its own shipbreaking regulations next year, and these will be more comprehensive than the IMO's Hong Kong Convention in several aspects. One upcoming EU requirement in particular is getting a lot of attention.

EU softens stance on controversial Alang yards 

Photo: Louise Vogdrup-Schmidt
Photo: Louise Vogdrup-Schmidt

J. Lauritzen supports Maersk in Alang controversy

 

Jørn Hinge has decided to step down as CEO of United Arab Shipping Company, UASC, which is headed for a merger with Germany's Hapag-Lloyd, he told ShippingWatch. This marks the end of a 50-year career in shipping

UASC Chief Executive to step down

Departing CEO: UASC had to buy bigger ships

 

The fire sale of assets in collapsed Hanjin Shipping can now begin, and several observers project that the company's days as a container carrier are over.

Media: Hanjin asked Maersk Line to buy its US business

Korean court to post Hanjin asset sale notice as early as Friday

Judge: Hanjin cannot accept payment for stranded containers

Photo: PR-foto/Hanjin Shipping
Photo: PR-foto/Hanjin Shipping

Alphaliner: Hanjin is finished as a container carrier 

Seoul court considers selling Hanjin's Asia-US business 

World Fuel Services detains first Hanjin vessel in Korea 

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CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in Q3.

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