Maersk Line is prepared for bad bunker

Maersk Line has procedures in place to avoid being impacted by the widespread issue of contaminated bunker which has plagued several shipping companies recently.

Eurogate will have to fight its way back in a low-growth market

Terminal operator Eurogate did not quite benefit from the upturn that benefited competitors for a decade with growth rates at 9 percent. That will now be made up for, one of Eurogate's two chief executives tells ShippingWatch. The current growth rate is only at 3 percent.

Higher bunker prices hit Yang Ming in H1

Taiwanese liner company Yang Ming's deficit grew in the second quarter, a significant factor being the 25 percent increase in bunker cost. The company hopes for better conditions as early as next year.

Maersk has listened to criticism of its digital platform

Maersk and IBM have listened to the criticism of their new digital platform which was delivered by competitors earlier this year. "We are absolutely open to develop this as an industry neutral platform," says the head of the project to ShippingWatch.

Hapag-Lloyd books deficit of EUR 100 million

Hapag-Lloyd's half-year result is significantly marked by the increasing bunker prices, but also the fact that freight rates did not develop as the liner company had hoped. CEO Rolf Habben Jansen will therefore accelerate the company's digitalization initiatives.

Maersk and IBM unveil digital collaboration

Maersk and IBM are now able to present a name and a more precise description of what the two companies' digital collaboration on blockchain technology entails. Besides Maersk Line and Hamburg Süd, one other carrier has signed up.

Maersk lowers expectations for full-year result

Maersk lowers its expectation for the full-year result for 2018 due to, among other issues, high fuel costs. The company also reveals some of the financial details of its half-year report to be published Friday 17 August.

Unifeeder sale could kick off new consolidation

DP World's acquisition of Unifeeder could help launch a corresponding process in Asia with Hutchison, PSA and Cosco as drivers, notes analyst after Tuesday's transaction. The concentration of port and shipping interests has acquired a new dimension.

Major German investor wants to buy up in MPP after banks' exit

German investment company Dr. Peters Group aims to close the gaps left by banks in the hard-pressed multipurpose sector and is preparing itself for large acquisitions in MPP and two other segments. Especially larger fleets with a particular type of ownership are interesting to the firm.

Cosco replaces OOCL executive team

After the acquisition of OOIL has been completed, Cosco now replaces management, appointing a new chairman and CEO, among other positions. And OOCL booked a deficit for the first six months of the year.

Last week's top stories on ShippingWatch

DFDS is bracing itself for long lorry queues in Dover after Brexit, bad bunker reached the world's largest bunker port and DSV's guidance upgrade were among this week's top stories on ShippingWatch. Also read about Kontainers, which will challenge startups such as US firm Flexport.

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