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ShippingWatchSaturday28 January 2023

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Foto: Markus Scholz/AP/Ritzau Scanpix

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Hamburg Süd will lose its company name and gradually be integrated into the Maersk brand. A number of other subsidiaries face rebranding as well.
  • End of 2M alliance could trigger a domino effect
  • Carrier alliances shaped by decade of crises, price war and major acquisitions

For subscribers

Foto: Phil Noble/Reuters/Ritzau Scanpix

Maersk settles in sexual harassment case between captain and cook

For subscribers

Foto: Pr / Maersk

Robust reefer market beginning to show signs of weakness

For subscribers

”To understand the reasoning behind our decision, it’s important to understand how our current strategy is very different compared to 2015. We now have an integrator strategy,” says Johan Sigsgaard, Chief Product Officer - Ocean at Maersk. | Foto: Maersk

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

For subscribers

Foto: Marcus Brandt/AP/Ritzau Scanpix

Hapag-Lloyd denies further alliance disintegration

For subscribers

Photo: Hapag-lloyd

Hapag-Lloyd buys significant stake in Indian port operator

For subscribers

  • Foto: Christian Charisius/AP/Ritzau Scanpix

    Carrier alliances shaped by decade of crises, price war and major acquisitions

    The origins of the current collaborations between major container liners go ten years back. A new wave of fundamental alterations could be underway following Maersk and MSC’s ended partnership.

    For subscribers

  • Photo: Hapag-Lloyd

    Hapag-Lloyd to examine options for ammonia bunkering

    In collaboration with supplier Mabanaft, the German container major will evaluate the options for supply of ammonia for its ships in Hamburg and Houston.

    For subscribers

  • Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix

    End of 2M alliance could trigger a domino effect

    A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

    For subscribers

  • Foto: Ludovic Marin/AP/Ritzau Scanpix

    Søren Toft on terminated partnership: "The 2M alliance played a key role"

    Joining forces with Maersk was a necessary move to pour oil on troubled waters for container carriers, says MSC chief exec. He stresses that the carrier will continue its current fleet expansion.

    For subscribers

  • Photo: Zim

    Container demolition to bounce back from weakest levels since 2005

    Carriers’ demolition sales fell to lowest level in many years, but dwindling interest rates and low demand are sure to set scrapping soaring, writes Alphaliner.

    For subscribers

  • Foto: Ingo Wagner/AP/Ritzau Scanpix

    Maersk and MSC dissolve 2M alliance

    The two container majors have agreed to terminate their current partnership effective January 2025.
  • Foto: Amr Abdallah Dalsh/Reuters/Ritzau Scanpix

    Dissolution of major box alliances could be underway

    Market fundamentals have changed in the wake of the pandemic, and this could lead to new and surprising alliance constellations among leading carriers, says one analyst.

    For subscribers

  • Foto: Inge Astor Jensen

    New carrier was launched during downturn: "That keeps us motivated"

    A mere seven months after being established, Norwegian carrier Arctic Container Line can boast of some prominent customers to its belt. The company aims for growth in spite of plunging freight rates.

    For subscribers

  • Foto: Amit Dave/Reuters/Ritzau Scanpix

    Only eight box vessels sold for demolition in 2022: "We are sure to see a backlog"

    After three years with increasing shipbreaking, levels declined in 2022. Only few container ships were retired, increasing the need for demolition of older, fossil-fueled tonnage, according to one analyst.

    For subscribers

  • Foto: Marcus Brandt/AP/Ritzau Scanpix

    Collapse in freight prices makes life easier for European consumers

    Inflation has waned for two consecutive months in Europe, partly because freight prices have fallen from the historically high level of the pandemic.

    For subscribers

  • Foto: Isaac Lawrence

    Carriers have pulled the brakes – order half as many newbuilds

    With the container market facing a hard landing, carriers have reduced the number of orders for new vessels. Overcapacity could lead to price war, says one analyst.

    For subscribers

  • Photo: INTS KALNINS/REUTERS / X02120

    Fredriksen snags up additional Euronav shares

    John Fredriksen’s appetite for Euronav shares is growing following the Belgian carrier’s announced call for arbitration on account of the terminated Frontline merger plans.

    For subscribers

  • Foto: Aly Song/reuters/ritzau Scanpix

    Container rates continue down for third consecutive week

    With the recent development, the SCFI is 79.6 percent lower than a year ago.
  • Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Foto: MAGNUS MØLLER

    Opinion: Nine carriers operate 82 percent of all vessels. That does not mean they control the market

    It is a widespread misconception that the nine largest carriers also control over 80 percent of global freight. Conversely, their collaborations might very well benefit customers in a time with many blank sailings, writes Lars Jensen.
  • Foto: Jens Dresling

    Maersk wants new metro line rerouted to suit headquarters

    Maersk wants a stop on the new metro line by its headquarters in Copenhagen, even though a current stop is only 700 meters away, writes Finans.
  • Foto: Uncredited/AP/Ritzau Scanpix

    CEO confirms: Carriers affected by crowded inventories and concerned consumers

    Companies struggle with overloaded inventories, and consumers are holding on to their money, ultimately adding pressure on carriers, says CEO of Matson.

    For subscribers

  • Foto: Christian Charisius/AP/Ritzau Scanpix

    MSC to pay reparations to furniture maker in the US

    Despite several warnings, MSC has failed to provide necessary documents in a pending complaint case, prompting FMC to issue a ”default decision” in favor of complainant. MSC will appeal the decision. Updated.

    For subscribers

  • Foto: Alexander Zemlianichenko/AP/Ritzau Scanpix

    Companies to bring down inventories sooner or later: "It’s uncertain exactly when this will occur"

    While companies are expected to reduce their much elevated inventory levels at some point, shipping major Maersk is not sure when.
  • A container ship in the Port of Shanghai. | Foto: Aly Song/Reuters/Ritzau Scanpix/REUTERS / X01793

    Carriers blank unusual amount of Asia-Europe sailings

    World-leading container liners are making numerous cancellations on routes from Asia to Europe to control capacity and thereby set a bottom level for freight rates.

    For subscribers

  • Foto: Liz Hafalia/AP/Ritzau Scanpix

    APM Terminals warns companies against overstocked inventories

    Companies need to find the right balance between not binding too much capital to inventories and still having a solid buffer of goods, says market analyst at APM Terminals. Many have increased their inventories during the pandemic.

    For subscribers

Latest news

  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
  • Fredriksen now owns nearly as many Euronav shares as the Saverys family – 27 Jan
  • EU considers capping Russian fuel prices at USD 100 a barrel – 27 Jan
  • New partnership to investigate potential human rights abuse at sea – 27 Jan
  • Singaporean competition authorities to probe DSME sale – 27 Jan
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