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This week's top stories on ShippingWatch

Video footage emerged Monday showing the hours ahead of two Maersk ships sinking while under tow. Maersk stakeholder KLP also expressed concern about the shipping company's shipbreaking partners in India after a yard worker died.

Hapag-Lloyd enters insurance market with digital product

German Hapag-Lloyd now wants to sell freight insurance to its customers with a new online service especially targeted at small and mid-sized shippers. The container line thus follows Maersk, which launched a similar product last year.

Worker killed in explosion at Maersk's partner yard in India

A worker has died in an explosion at the Shree Ram shipbreaking yard in Alang, India, with which Maersk has a close partnership. The accident happened last week. Maersk tells ShippingWatch that there were no Maersk ships being scrapped when the accident happened.

Analyst says CMA CGM's growth ambitions come at a price

French container line CMA CGM increased its volumes in the second quarter. According to Lars Jensen, CEO at Seaintelligence Consulting, this signals that the company, unlike the competitors, has chosen to pursue a path entailing a market share hunt. But this strategy comes at a cost, he says.

CMA CGM Group second quarter bottom line lands in the red

CMA CGM Group boosted revenue and increased container volumes in the second quarter "despite an uncertain worldwide geopolitical environment," writes the company. The bottom line, however, drops significantly compared to last year, landing in the red.

This week's most important headlines at ShippingWatch

With the acquisition of three ships, Clipper Group CEO Peter Norborg now deems the company is "through the worst", he told ShippingWatch. Read about the tensions between Iran and the US, optimistic drilling analysts and 2020 preparations.

Mega ships cut services on Asia-Europe tradelane

While increasingly larger container vessels have entered the main tradelane between Asia and Europe, opposite developments have applied to the number of services. And this will continue for the next couple of years, according to Sea-Intelligence.

Maersk changes the name on the side of its ships

A large-scale re-branding of A.P. Møller-Maersk's container business is almost complete, writes Alphaliner. As part of the plan, the name on the side of the group's container ships has changed.

Consultancy predicts growth in reefer production

After production of reefer containers took a dive in 2016 due to cost-cutting at several shipping companies, it grew both during 2017 and 2018. And the coming five years will also see growth, Drewry assesses.

Oil fund's watchdog inquires into Maersk's Alang beaching

Norway's sovereign wealth fund has contacted Maersk as part of its critical zoom-in on beaching in Alang, Maersk confirms to ShippingWatch. The fund has previously blacklisted four shipping companies due to their scrapping activities in South Asia.

Low-sulfur fuel is so far 30 percent more expensive

So far, fuels with low sulfur contents are 30 percent more expensive than conventional fuels, according to data compiled by Drewry. Though much can change once the calendar shows 2020, the consultancy writes.

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