Top container executives see slowdown in growth

Maersk COO Søren Toft looks with concern at the latest numbers for container growth so far in 2019, he says in an interview with ShippingWatch. ONE Chief Executive Jeremy Nixon expects growth in the global economy of as little as 2.5 percent.

APL to reduce costs after large deficit

Container liner APL booked a large deficit in 2018 and is now going through the same cost reduction plan as its owner, CMA CGM. According to Alphaliner, part of the losses is due to APL selling vessels to help CMA CGM.

Royal Arctic Line and Eimskip get regulatory approval

After a two year wait, the partnership between Royal Arctic Line and Eimskip has now been approved by the Icelandic authorities. "This was the last turn before the finish line," Royal Arctic Line CEO Verner Hammeken tells ShippingWatch.

HMM's new chief executive will visit 2M partners

HMM's new chief executive will this week visit Maersk in Copenhagen as well as MSC in Geneva "to consolidate the relationship" with the 2M alliance. HMM's agreement with the container alliance expires in April 2020.

BBC Chartering again the largest player in project cargo

BBC Chartering has once again overtaken Cosco's specialized ship operator to become the largest company in project cargo. Thorco goes down on the list, though its CEO tells ShippingWatch that he does not recognize the numbers.

Italy's d'Amico bolsters capital ahead of expected recovery

Tanker company d'Amico International Shipping has raised more than EUR 42 million in a new equity issue. The fresh capital will be used to bolster the shipping company's balance ahead of an expected rate recovery with the 2020 sulfur regulations, says CEO Paolo d'Amico.

Scorpio Bulkers sells six vessels

Dry bulk operator Scorpio Bulkers has made a new sale and lease back agreement. This time, six vessels are sold off to be chartered back again.

United Heavy Lift leaves its competitors to flex their muscles

United Heavy Lift sees positive signs in a strained market for project cargo, which is characterized by mergers and acquisitions. But the shipping company, which recently welcomed two new co-owners into the fold, is pursuing a different strategy, the company says in an interview with ShippingWatch.

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