Maersk Line and MSC have made a deal with Israeli carrier Zim on a strategic partnership between Asia and the US East Coast, announces Maersk. The partnership will commence soon.
Maersk Line and three other carriers had to halt some of their activities in Nigeria on Saturday after the port authorities in the West African country announced a suspension at the end of last week.
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.
If you leave out the oil development, there is a large underlying difference in freight rates depending on which route you look at, writes Seaintel.
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.
2M partners Maersk Line and MSC add an extra leg to their route network on the Atlantic.
Maersk could struggle to turn a profit this year as China and the US descend into a trade war that will likely hurt the world's biggest liner shipping company.
Cosco secured US approval for its acquisition of OOIL on the same day the Chinese liner company had to submit the final document to shareholders in the acquisition target. But the price was high, notes Alphaliner.
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.
There will be fewer Maersk ships on the route from Asia to North Europe once the fall rolls around, says the liner company in an update.
Shipowners spent huge sums on newbuilds in the first months of the year, but interest in new ships took a steep plunge in the second quarter, according to data from Vessels Value. The first half of the year now hovers at the lowest level since early 2016.
Shipowner Costamare has been shopping both at shipyards and in secondhand markets. It has ordered five newbuilds and purchased two secondhand vessels. The ships will be chartered to two well-known container carriers.
Unnamed sources tell Reuters that CMA CGM has explored the possibilities of a merger with Hapag-Lloyd, a move that would create the world's largest liner shipping company.
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.
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.
Taiwanese container carrier Yang Ming has chartered ten new vessels in the 11,000-12,000 teu range from two shipowners.
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.
CMA CGM now informs its customers that the much-criticized emergency bunker surcharge will be extended through all of July.
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.
The European Shippers Council together with maritime and supply chain consultancy firm Drewry have completed a study of shippers' satisfaction with container carriers. It does not bode well for carriers.
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.
Unifeeder has made a deal with CMA CGM to book slots on the French liner company's new ships between Germany and Russia, writes Alphaliner.
The first container alliance can feel the impacts of the developing trade war between the US and China, writes Alphaliner in a new analysis.
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.
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.
Financial Controller / Analyst - Hafnia Tankers
We are seeking a new colleague for the Chartering Department - Weco Bulk
