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Hapag-Lloyd believes in better market in 2019

Hapag-Lloyd has more faith in the global economy than its competitor Maersk and expects solid growth in 2019, according to the annual report for 2018 in which the German liner company reports improved earnings.

Maersk to test biofuel on ultra-large container ship

Maersk will test biofuel on one of its ultra-large Triple-E ships. The project is part of the shipping company's target of zero net emissions in 2050, carried out in collaboration with major companies such as Shell, Heineken and Unilever.

New OECD report casts doubts on liner companies block exemption

Most of the consortia cooperation between liner companies exceed the threshold they must remain below to benefit from the EU's consortia block exemption, concludes a new report by the International Transport Forum, a body under OECD. This is noteworthy for three reasons, says ITF.

Liner companies: Block Exemption has ensured lower rates

The container carriers continue their fight for an extension of the unique consortia block exemption regulation, which allows competing shipping lines to cooperate. In a letter to the EU Commission, the association lists four arguments in favor of the regulation.

Shippers far from agree on support for added sulfur charge

Several of the world's largest shipping lines, such as Hapag-Lloyd and Maersk, say that customers seem to accept the extra cost of low-sulfur fuel oil. ShippingWatch has spoken to one of the world's largest shippers, which far from agrees.

Wrist Ship Supply hires former Samskip CEO

Wrist Ship Supply has hired the former Samskip chief executive officer for a newly created position as deputy group CEO and group COO. According to the company's owner, the ambition is to improve the top as well as bottom line.

Norway's wealth fund will now look at Alang

The Norwegian sovereign wealth fund's Council on Ethics will now look into companies that scrap ships in Alang. The fund owns shares for close to USD 275 million in Maersk, which uses shipbreakers in India. Last year the fund blacklisted four shipping companies for beaching.

CMA CGM to test biofuel with Ikea

Container carrier CMA CGM and Ikea will test biofuel on a container ship next week. The test aims to reduce shipping's pollution. GoodFuels and the Port of Rotterdam also participate.

Hapag-Lloyd staying out of competitors' logistics race

The German shipping line has no ambitions to join the race to acquire logistics companies, says CEO Rolf Habben Jansen, who also does not believe in more consolidation among the biggest liner companies. But Maersk CEO Søren Skou does.

The Chinese government is looking to seize Maersk's leading position

Official statements from the Chinese government reveal that it has ambitions to unseat Maersk as the world's largest container carrier. This is evident from a warning about China's influence by the Secretary General of Sea Europe, which organizes one of the cornerstones of the European maritime sector.

Songa Container decides on scrubbers for its entire fleet

Norwegian Songa Container, which was established by Arne Blystad and others, has decided to use scrubbers for its entire fleet in order to comply with the impending sulfur cap. The company expects "a modest recovery" in the container market this year.

"I still don't understand why anyone is super optimistic about 2019"

Maersk has a considerably more negative view of 2019 than Hapag-Lloyd. But Maersk's CEO, Søren Skou, does not understand why anyone is optimistic about 2019 and projects, among other things, that Europe could be the next party to a trade war, he says in an interview with ShippingWatch.

K-Line's finances strained by ONE container partnership

An expected deficit at container alliance ONE is one of the factors making Japan's K-Line downgrade to now expect a loss five times larger than previously announced. The Japanese shipping company launches a large-scale cost reduction reform.

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