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Container

Damco maneuver could cost jobs among regional leadership

A total of 18,000 Maersk employees could in some way be affected by the large-scale integration of Damco and Maersk Line. Dual leadership roles in the regional businesses in particular could be impacted, Maersk Line CCO Vincent Clerc tells ShippingWatch.

MSC presents its five global values

MSC has presented the five global values which the 70,000 employees at the entire shipping group will work in alignment with. When compared, however, they are not completely the same as the five core values of its alliance partner Maersk Line.

Maersk winds the clock back 20 years with Damco decision

With Damco under Maersk Line, the headline of the group's comprehensive reorganization to be presented next week, the move in principle sends the group back to a organizational structure that echoes the one it had almost 20 years ago.

Maersk Line installs scrubbers after all

Maersk Line has decided it will install scrubbers on part of its fleet in an effort to comply with the global sulfur regulations, even though Maersk Oil Trading publicly warned against the technology less than a year ago.

The big container carriers deliver the best results

Polarization in the container industry becomes even clearer when looking at the companies' abilities to make money. The major liner companies, which have only grown bigger in recent years, are better at delivering profits, according to a new analysis.

CMA CGM reports big slide in earnings

Higher bunker prices also put a damper on earnings for CMA CGM, the world's third-largest shipping line. But CEO Rodolphe Saadé remains confident that 2018 will end on a strong note.

EU rejects investigation into disputed surcharges

The European Commission will not look further into the dispute over liner companies' emergency surcharges, a battle that has been going on for months. Nothing points to anti-competitive behavior, a spokesperson tells ShippingWatch. Shippers will meet and discuss the case again.

Alphaliner: Container growth has begun to slow down

In line with Kuehne + Nagel's analysts, Alphaliner also sees a slowdown in container growth. In the second quarter 2018, growth dipped to its lowest level since 2016. US sanctions have also impacted the Middle Eastern market.

MSC Scandinavia's CEO has stepped down

The chief executive of MSC's business in North and Eastern Europe has stepped down after 11 years. He talks to ShippingWatch about his years at the traditionally secretive liner company.

Feederships' rates and prices in steep incline

The dynamic carrier MPC Containers has landed a profit in the first six months of 2018 and is benefiting from the comparatively low segment growth for smaller container ships, shows MPC's H1 interim report. However, prices on both new and used vessels are rising fast.

Cosco Shipping believes in a more stable container market

The world's now third-largest container carrier, Cosco Shipping, had a deficit in its container division in the first half of the year. Growth in large container vessels put pressure on prices, writes management while maintaining optimism.

Landmark ruling on OW Bunker bankruptcy

A landmark ruling in the OW Bunker case in a Danish court has fallen in favor of the two bankrupt estates. Now, OW Bunker cases involving ING Bank and several other banks' loan securities must be settled under Danish law.

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