Displeased shippers, several of which claim to have lost money on the Maersk Honam fire, have arrested a Maersk vessel in Tunisia. Maersk Line recently changed its ownership structure in Tunisia.
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.
.jpg)
Three liner companies agree that the carriers' extra costs triggered by the new fuel regulations should be pushed onto customers – an approach that mirrors Maersk Line's decision this week to announce new bunker adjustment factor.
Global Ship Lease notes that the market as well as prices for medium-size and small container ships are favorable, and the shipowner is preparing to buy new ships.
Taiwanese container carrier Evergreen has informed the Taiwan Stock Exchange That that it is not about to be acquired, which has otherwise has been rumored.
Maersk is the first liner company to launch a new bunker adjustment factor to cover parts of the billion dollar added costs set to arise from the upcoming global sulfur regulations, the carrier's head of trade management, Silvia Ding, tells ShippingWatch. Next step is important negotiations with customers.
The liner shipping companies' delays increased significantly in the first quarter this year, where schedule reliability dropped to lowest level in several years. But the carriers were able to recover some of the lost time in them second quarter, writes SeaIntel.
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.
A new ruling on the most recent legal case concerning the fatal accident aboard container ship MSC Flaminia back in 2012 deems two parties responsible for the explosion.
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.
Even though the container segment's third quarter is showing signs of improvement, stakeholders should not get their hopes up just yet, says analyst firm Alphaliner.
Damco's days as an independent brand seem numbered. The process of reorganizing Maersk involves merging the logistics business, which has 10,000 employees, into Maersk Line, according to ShippingWatch's sources.
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.
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.
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.
French CMA CGM reports strong trade flows from China to the US despite the tariffs being lobbed back and forth. But an actual trade war would impact trade volumes, says CEO Rodolphe Saade.
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.
One large container carrier and one big owner of feeder tonnage have announced low-sulfur bunker as their primary choice for complying with the 2020 sulfur cap. However, scrubbers may also be considered.
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.
Like its owner Hapag-Lloyd, CSAV is considering LNG as a possible solution for the upcoming sulfur cap, says the Chilean liner company in its half-year report.
.jpg)
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.
The South Korean liner company HMM's chief executive, C.K. Yoo, still sees a chance of profits before 2020. [corrected]
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.
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.
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.
HOLST SHIPPING A/S – We are looking for new employees
Lauritzen Kosan seeks Vessel Manager
Maintenance manager for the ferry company Læsø
Lauritzen Kosan seeks Purchase Manager
Head of Bunker Purchase - TORM
Lauritzen Bulkers seeks Performance Analyst
Team leader for air freight department in Jutland - Kuehne + Nagel
Maritime Contracts Expert – run the international development of new industry contracts - Bimco
Lauritzen Bulkers seeks Performance Analyst
Experienced Chartering profile - Norient Product Pool ApS
Purchasing Manager - TORM
Professional consultant - CO-Sea
