Moody's: Two tough years ahead for container carriers

ShippingWatch has asked Moody's Maersk expert Maria Maslovsky to elaborate on whether the concerns about Maersk represent concerns about the entire container industry. And on why the ratings bureau is not convinced by Maersk's repeated reference to its robustness.

The liner companies' new bunker mechanisms differ widely

There are significant differences between the various much-discussed bunker surcharges, which liner shipping companies are working to introduce ahead of the 2020 sulfur cap, even though they appear similar at first glance. Here is a look at the most important new bunker adjustment factors.

Dr. Peters Group CEO steps down

After 17 years at the helm of Dr. Peters Group, the company's CEO will step down at the end of the year. With the departure, the late founder's daughter joins the company's management.

A new platform will enable shipping players to exchange tonnage

Two shipping profiles have joined forces to create a new platform for exchanging assets between shipping companies, operators, banks and other shipping players. An opportunity for a dry bulk shipping company to secretly test a tanker, for instance, the new venture tells ShippingWatch.

DP World appoints new transitional board for Unifeeder

The new owner is setting its own transitional board of directors for acquisition Unifeeder. DP World's chief executive takes over as chairman, replacing former Maersk CEO, while Unifeeder's CEO also joins the new board of directors.

MSC pays air pollution fine in the US

Shipping line MSC has been fined for violating regulations on diesel particle emissions in Californian ports. According to the authority, the fine has been paid. MSC has invested in its fleet to ensure full compliance, a spokesman tells ShippingWatch.

Several major shipping lines doubt Maersk's 2050 vision

Several of Maersk's competitors cannot get behind the vision of CO2 neutrality in 2050, though the container carrier is praised by politicians, NGOs and several international organizations for its anouncement. The IMO targets are ambitious enough, they say.

Maersk aims to reduce CO2 emissions to zero by 2050

Maersk's decision to become CO2 neutral before 2050 is met with widespread praise from stakeholders including a series of NGOs, which are normally critical toward the shipping company. One NGO warns Maersk to remember the short term in its climate ambitions.

Iceland's Eimskip reports lower profit

Despite a surge in revenue, Eimskip finished the first nine months of the year with a significantly lower profit than last year. Trade tensions and Norwegian business dragged down the results.

MPC Container Ships hit by softening market

The shipowner increased its revenue, though the bottom line dipped slightly compared to the previous quarter. The launch is still costing, says management, which points to a weaker market in the third quarter and increased uncertainty going forward.

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