Two major obstacles hold digitization back in shipping

Development of digital solutions in the shipping industry has accelerated in recent years. However, two crucial factors continue to stand in the way and may hold digitization back despite large investments, according to the World Economic Forum.

Cosco is considering joining digital alliance

Cosco, the world's third-largest container liner, is considering joining the Digital Container Shipping Association, which was founded by Maersk, among others. The alliance is working to create common standards for the industry.

Bank predicts positive financials at Maersk

German bank Berenberg is confident that Maersk's second quarter financials will be improved by higher freight rates and lower fuel expenses. Maersk's interim report will be published next month.

This week's top stories on ShippingWatch

Blue Water will never be sold, asserted founder Kurt Skov to ShippingWatch. The detainment of vessel Grace 1 (photo), OW Bunker and a fine for Total also drew headlines this week.

Container rates increase again

Container index SCFI increased again after sliding last week. The increase happens despite a setback on routes between the Far East and Europe.

Race car driver new CEO of Samskip

Samskip has found a permanent replacement for Jens Holger Nielsen. The new CEO is a 52-year-old Finn who is former chief executive of shipping company Containerships and has an active career as a race car driver.

Denmark's merchant fleet fifth-largest in the world

The Danish merchant fleet continues its growth spurt and now overtakes the US, becoming the fifth-largest shipping nation in the world measured in operated tonnage. A fourth place seems unlikely in the near future.

Cargoes from seized MSC vessel continue voyage

With the exception of a few containers, all cargoes from the seized MSC Gayane are now on their way to their respective destinations, informs MSC. The vessel is currently berthed in the US following a major cocaine bust.

These are the world's ten largest container ships

Alphaliner has put together a list of the world's largest container ships. MSC Gülsün, which was delivered from its yard in South Korea this week, tops the list, while ships from OOCL and Maersk clock in behind it.

Tradelens open to letting carriers join in alternative ways

Tradelens CEO Mike White sees it as unlikely that there will be only one platform for the industry overall after the Maersk venture has now gathered a majority of the container market. He opens the door to alternative methods to get the remaining players on board.

Drewry downgrades forecast for container growth

The consultancy firm adjusts its expectations for container market growth in 2019 on the basis of growing uncertainty about world trade due to factors like the US-China trade conflict and the upcoming sulfur regulations.

Container rates down this week

Container rates drop 2.3 percent compared to last week. The development is slightly less negative on the Asia-Europe routes.

ZIM expands cooperation with 2M

2M strengthens its collaboration with Israeli liner company ZIM, which adds two new services and 20 container vessels to their partnership. The news come the same week as HMM's exit from 2M.

Hapag-Lloyd orders 13,000 reefer containers

Hapag-Lloyd continues to strengthen its position within the reefer segment with a new order for 13,000 reefer containers. They are slated for delivery in November 2019, informs the German container liner.

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