MAN to deliver engines to 11 container vessels
MAN Energy Systems is tasked with delivering 11 newbuildings to a Singapore-based carrier
ShippingWatch
A part ofWatch Medier
MAN Energy Systems is tasked with delivering 11 newbuildings to a Singapore-based carrier
The Danish container liner has sent more vessels for scrapping in Alang in India. The ships have been sold for scrapping through intermediaries, Maersk informs Danish media Søfart.
Hapag-Lloyd has more faith in the global economy than its competitor Maersk and expects solid growth in 2019, according to the annual report for 2018 in which the German liner company reports improved earnings.
Maersk will test biofuel on one of its ultra-large Triple-E ships. The project is part of the shipping company's target of zero net emissions in 2050, carried out in collaboration with major companies such as Shell, Heineken and Unilever.
Maersk and MSC, which together form the 2M Alliance, are among the shipping companies opting to extend sailing itineraries on the Asia-Europe string. One alliance makes the opposite choice.
Most of the consortia cooperation between liner companies exceed the threshold they must remain below to benefit from the EU's consortia block exemption, concludes a new report by the International Transport Forum, a body under OECD. This is noteworthy for three reasons, says ITF.
CMA CGM's wll spend over a billion dollars to acquire Ceva Logistics, writes Alphaliner. The price could increase by another USD 200 million if the remaining shareholders agree to sell.
The container carriers continue their fight for an extension of the unique consortia block exemption regulation, which allows competing shipping lines to cooperate. In a letter to the EU Commission, the association lists four arguments in favor of the regulation.
The Maersk Group has joined the IMO-backed Global Industry Alliance, an association that is working to make shipping more climate friendly.
Startups are popping up everywhere in the shipping industry, which has to be innovate and digital like never before. The industry is, however, still behind in terms of digitalization, Wärtsilä tells ShippingWatch.
Several of the world's largest shipping lines, such as Hapag-Lloyd and Maersk, say that customers seem to accept the extra cost of low-sulfur fuel oil. ShippingWatch has spoken to one of the world's largest shippers, which far from agrees.
High fuel prices and the upcoming sulfur regulations mean that rates will need to go up even further if the container shipping lines are to become profitable in the years to come, concludes Seaintelligence.
French shipping line CMA CGM now owns almost 90 percent of Ceva Logistics, which DSV also attempted to buy. However, the liner company plans to acquire an even bigger stake in the Swiss freight forwarder.
Wrist Ship Supply has hired the former Samskip chief executive officer for a newly created position as deputy group CEO and group COO. According to the company's owner, the ambition is to improve the top as well as bottom line.
The Norwegian sovereign wealth fund's Council on Ethics will now look into companies that scrap ships in Alang. The fund owns shares for close to USD 275 million in Maersk, which uses shipbreakers in India. Last year the fund blacklisted four shipping companies for beaching.
Maersk has agreed to charter 13 feeder ships of 2,200 teu each, currently being built in China and Japan. The new ships are scheduled for delivery in the first half of 2021, Maersk tells ShippingWatch.
Capacity will be reduced by around 200 containers when installing a scrubber on an ultra-large container ship, according to analyst firm Alphaliner's calculations.
The two liner companies MSC and CMA CGM have signed a vessel sharing agreement for routes on the Indian Ocean.
Container carrier CMA CGM and Ikea will test biofuel on a container ship next week. The test aims to reduce shipping's pollution. GoodFuels and the Port of Rotterdam also participate.
The German shipping line has no ambitions to join the race to acquire logistics companies, says CEO Rolf Habben Jansen, who also does not believe in more consolidation among the biggest liner companies. But Maersk CEO Søren Skou does.
Official statements from the Chinese government reveal that it has ambitions to unseat Maersk as the world's largest container carrier. This is evident from a warning about China's influence by the Secretary General of Sea Europe, which organizes one of the cornerstones of the European maritime sector.
Norwegian Songa Container, which was established by Arne Blystad and others, has decided to use scrubbers for its entire fleet in order to comply with the impending sulfur cap. The company expects "a modest recovery" in the container market this year.
Maersk has a considerably more negative view of 2019 than Hapag-Lloyd. But Maersk's CEO, Søren Skou, does not understand why anyone is optimistic about 2019 and projects, among other things, that Europe could be the next party to a trade war, he says in an interview with ShippingWatch.
An expected deficit at container alliance ONE is one of the factors making Japan's K-Line downgrade to now expect a loss five times larger than previously announced. The Japanese shipping company launches a large-scale cost reduction reform.
Shipowner Seaspan reports improvement on both the top and bottom line in a 2018 in which the company made acquisitions and noted better rates. Investor Fairfax is now the company's biggest shareholder.
Marine Controller for International Shipping Company - J.Lauritzen
Chartering and Operations Shipping Trainee Program - ZEAMARINE
