Tuesday, disagreement between labor union and employers led to a temporary breakdown in the ongoing negotiations about wages for 12,000 German port workers. Negotiations may recommence Wednesday, according to media.
The US Coast Guard and Maersk have been fighting over a fine given to Maersk for failing to report an offence case from 2014 and 2015 to authorities. After an appeal, the fine was annulled, and Maersk subsequently changed its internal procedures.
Demand in the US moves from goods to services, and this results in lower import of Chinese goods to the US, according to logistics heads. Data from China confirms declining orders at Chinese companies.
US Coast Guard has appealed a verdict in an offence case, in which a Maersk captain in April was suspended for four months after having shown ”inappropriate conduct” toward a deck cadet. The case is one of several sexual offence cases aboard Maersk vessels.
Diving spot rates on container freight mean that more shippers are expected to want to leave the more costly long contracts, according to analysts. This may hit carriers such as Maersk, where seven out of ten are on contract. Futures indicate rate decline as well.
Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.
Particularly two cases of harsh weather, where container ships from ONE and Maersk lost 2,550 boxes to the sea, have made the number of lost containers increase markedly in the past two years, according to new report.
The culture in the maritime industry needs to change, states Maersk Chair Robert Mærsk Uggla after the carrier has been sued by two women accusing Maersk of having failed to protect them from assaults.
US and European companies are not in the process of withdrawing production from factories in Asia. Global trade will grow more or less in step with GDP developments, Maersk CEO tells the Financial Times.
The two women, who have sued Maersk in the US for failing to take responsibility in cases of rape and sexual harassment, have filed the cases to the US Coast Guard. One case has been transferred to the prosecution authority after ended investigation.