Tidewater joins forces with Gulfmark

The US-based carriers Tidewater and Gulfmark join forces and create a fleet of roughly 270 ships in the offshore segment. The merger will allow for additional acquisitions, says Tidewater CEO.

Seaintel eyes concerning signs for Asia-Europe

Nearing peak season for container shipping, there are particularly concerning signs about the important shipping route, writes Seaintel, which also points out several possibilities for mitigating the situation.

Hapag-Lloyd shareholder confirms French approach

Hapag-Lloyd major shareholder Klaus-Michael Kühne confirmed at the liner company's general assembly that French CMA CGM has made several approaches to the German company. But there will be no takeover, he stressed.

Maersk Line once again the most reliable carrier

Maersk Line in May reclaimed the first place as the most reliable carrier, according to new report from SeaIntel. The progress comes after the liner company and its 2M partner MSC have been lacking behind. Only one carrier was unable to improve its schedule reliability in May.

Cosco gets US approval for OOIL acquisition

The Chinese shipping conglomerate's acquisition of OOIL has now secured a much-anticipated US approval after the two parties have agreed to sell the Long Beach Container Terminal.

Niche carriers expand capacity in battle for survival

Niche carriers have increased their capacity significantly in the last year and a half, as consolidation and new alliances have forced them to rethink their strategy. But there will inevitably be losers, notes SeaIntel.

Hapag-Lloyd downgrades guidance for 2018

Hapag-Lloyd lowers its expectations for the full year 2018, citing an unexpected and continuing increase in operational costs. More liner companies will likely follow suit, says analyst.

Hapag-Lloyd eliminates jobs at its headquarters

Hapag-Lloyd has reached an agreement with its staff on a plan to reduce costs at the liner company's Hamburg headquarters. Jobs will be outsourced and a series of positions will be eliminated.

EU reviews container carriers' unique competitive edge

For the first time since the large-scale consolidation in the container sector last year, the EU's container block exemption rule, which allows competing liner shipping companies to cooperate, will now be reassessed. Find the complete roadmap ahead of the final decision here.

Greek shipowner Danaos: Rates have stabilized

While trade tensions have left container carriers hesitating on longer contracts, the charter market has stabilized somewhat at current levels, says the CEO of Greek Danaos after publishing results.

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