Lars Kastrup was actually about to leave CMA CGM in August last year, but he was then given a very concrete task, which has now been completed. The senior VP has now left the French container shipping line, ShippingWatch has learned.
The price for new containers is under severe pressure with growing competition and uncertainty in the industry. Prices for all container types went down in late 2019, reports Drewry.
The container shipping lines have not been able to push the costs of the new sulfur regulations on to customers in January. At least not when looking at backhaul voyages, notes analyst firm Sea-Intelligence.
Yet another of the world's biggest container shipping companies now introduces an extraordinary bunker surcharge following recent weeks' large price increases on low-sulfur fuels. This time it is German Hapag-Lloyd, ShippingWatch learns.
Frank Smet steps down as CCO of Maersk-owned container line Hamburg Süd and retires. Management colleague takes over his responsibilities.
The net result for Cosco's container and terminal business is expected to grow by 449 percent in 2019. The acquisition of OOIL in 2018 has boosted the result significantly.
South Korean container line HMM expects its revenue to increase markedly this year. One significant reason is 12 new mega-ships, which are about to hit the water.
Large price hikes on new fuels make Maersk, in an extraordinary move, raise its bunker adjustment factor for its customers. According to an analyst, however, the liner companies do not seem to have successfully passed the fuel bill on to customers.
DSV merges its communications and marketing units as part of the integration of Panalpina. This has resulted in redundancies in Switzerland and Denmark.
2019 saw container volumes slide on the eastbound Transpacific trades for the first time since 2009, reports Alphaliner.
Japanese container carrier ONE will soon launch its strategy for the coming years, having absorbed the bulk of synergies from the merger. New mega-vessels are already on the table, ONE tells ShippingWatch in an interview.
Several of the biggest container ships are set for delivery in the coming years. Even though all three alliances are set to take delivery of several mega-ships, one alliance lags far behind the other two.
Asia will be the driving force of the global economy in the coming years, according to Swiss Kuehne + Nagel. To secure a stronger position in the region, the logistics major combines its two organizations with thousands of employees in Singapore.
The world's third-largest container line, China's Cosco, remains outside the newly established association DCSA for common standards. "Of course, they have an open invitation," CEO Thomas Bagge tells ShippingWatch.
Greenlandic shipping company Royal Arctic Line has received its container newbuild that will play a central role in the carrier's upcoming collaboration with Eimskip. The partnership is expected to kick off in the second quarter.
Container lines should prepare for a "bumpy ride" in 2020 despite expectations of increased growth in volumes compared to the previous year, projects consultancy Drewry.
DCSA, in which several of the world's largest container lines have banded together, will soon have its first industry standard ready. "Little by little, this should become the standard and reduce complexity," CEO Thomas Bagge tells ShippingWatch.
The partners of THE Alliance reveal how their route network is going to look once South Korea's HMM joins Hapag-Lloyd, Yang Ming and ONE in the alliance, and highlight that the new network will especially be strengthened in Southeast Asia.
French shipping line CMA CGM now launches the second stage of the restructuring of its acquisition Ceva Logistics, and this also means the company replaces Ceva CEO Nicolas Sartini.
Growth will continue this year in the global container fleet, where capacity is set to increase by 3.5 percent to almost 24 million teu, reports Alphaliner.
One of the world's largest port operators, PSA International, grew its business last year, when new terminals provided a boost.
2020 will be characterized by acquisitions and expansions at Maersk, which plans to be competitive on land in all markets by 2023. "We're starting to have it slightly more under control," says Chief Executive Officer Søren Skou.
According to Lloyd's List, container shipping line PIL is behind on its bunker payments. Sources say that at least one supplier is considering arresting ships. A spokesperson form the shipping company denies financial problems.
1.2 million extra teu will be deployed this year on the world's container routes, and this includes several ultra-large vessels. New orders will be kept in check by three factors in particular, projects analyst firm Drewry.
Around 12 percent of the world's ship tonnage currently have scrubbers installed on board, reports media based on Clarksons Research. The scope is expected grow further during 2020.
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