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Container

Danaos books slightly stronger result in weak charter market

Greek Danaos, which owns container tonnage, delivered a slightly better result for the third quarter, a period in which several uncertainties put a damper on willingness to build new ships. This is positive on the long term, says CEO John Coustas.

Hamburg Süd synergies help Maersk in risk-fraught market

Maersk now expects that the Hamburg Süd acquisition could produce more than USD 500 million in synergies. Meanwhile, the global container market faces a slowdown and a series of risks. "We don't have high expectations for growth," says CEO Søren Skou.

Maersk's core business grew in the third quarter

Maersk Ocean delivers an improved operating profit of USD 925 million in the third quarter, while the segment's revenue grew 32 percent. But the towering bunker prices still strain the business, says CEO Søren Skou.

Peaking container rates bode well for Maersk

When Maersk on Wednesday presents its results for the third quarter, the operating profit (EBITDA) will show an increase, projects investment bank Jefferies. Container rates have reached the highest level since 2014.

Jeremy Nixon looking into unpredictable 2019

ONE was born with deficiencies and is now striving to get back on track. "We have recovered most of what was originally lost," CEO Jeremy Nixon says in an interview with ShippingWatch. Still, 2019 is difficult to predict.

Analyst: Joint standards are necessary for the liner sector

Not only does it makes sense, it is a prerequisite for the digital transformation to take place, when several of the world's largest liner shipping companies – according to ShippingWatch's sources – are close to agreement on a new shared association for standardization, says Seaintelligence CEO Lars Jensen.

Habben Jansen looks toward 2020: It's not that bad

Hapag-Lloyd is still optimistic about the container market in the years to come. Speaking to ShippingWatch, CEO Rolf Habben Jansen declines to comment on a new global association underway among the major liner companies.

Hapag-Lloyd more than doubled its bottom line

German container carrier Hapag-Lloyd more than doubled its bottom line in the third quarter compared to the same period last year. "We remain cautiously optimistic for the rest of the year," says CEO Rolf Habben Jansen.

Container carriers were never fully sold on scrubbers

If the major liner companies have ordered their last scrubber, the exhaust-filtering system was far from the industry's preferred solution. A very small portion of Maersk Line's fleet will be equipped with the system, while others appear to have completely avoided the technology.

US warns shipping against dealing with Iranian companies

More than 200 individuals and ships in the Iranian shipping and energy sector, including the two major state-owned carriers, are included on the US sanction list. The US warns the global shipping industry against Iranian attempts to evade the sanctions.

Fierce criticism of container alliances in comprehensive report

In a comprehensive report, the International Transport Forum, under OECD, voices fierce criticism of the three mega-alliances. The negative consequences far surpass the benefits, and politicians need to act. Read the conclusions and find the complete report here.

Container shipping could lose its unique competitive edge

There is a real risk that the special consortia block exemption that allows competing liner companies to collaborate could be ditched entirely when the EU Commission reviews the exemption soon, says Martin Andre Dittmer, secretary general of the European Maritime Law Organization, to ShippingWatch.

Maersk disregards EU shipbreaking list and will send more ships to Alang

Regardless of whether shipyards in Alang are included on the EU list of approved shipbreaking facilities in the years to come, Maersk will continue to send ships to be scrapped in India. Maersk selects shipbreakers on the basis of a financial assessment, the company's head of sustainability strategy, John Kornerup Bang, tells ShippingWatch.

Chinese acquisition boosts Seaspan in 2018

Growth on the top and bottom line continued into the third quarter for Seaspan, driven in particular by an acquisition earlier this year, says President and CEO Bing Chen.

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