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Clarksons sees basis for even better full-year results from Maersk

Maersk's "strong" results for this year's second quarter leads Clarksons to believe that, despite turmoil in the global in the global economy, the container line will reach its USD 5 billion guidance for the full year. "We see the likelihood of the company reaching its full year guidance as high," writes the analyst firm.

Søren Skou wants to turn Damco around and speed up logistics

Logistics must grow in Maersk's new strategy, but the freight forwarding business in Damco noted a setback in the second quarter and helped drag down Non-Ocean. CEO Søren Skou is not pleased and heralds full focus and acquisitions – five areas are interesting here, he says.

HMM reduced deficit but remains strained by global unrest

South Korean liner major HMM grew its revenue significantly in the second quarter, though trade tensions, Middle East unrest and a looming Brexit continues to strain the company, which is still losing money. However, the switch from 2M to The Alliance is expected to bring gains.

23 container ships are currently getting scrubbers installed

At this moment, 23 container ships are at yards having scrubbers installed, and 17 of these have a capacity exceeding 7,500 teu. According to Alphaliner, this number will increase in the months to come as the IMO sulfur regulations move closer.

All three ONE partners turn deficits into profits

Despite revenue setbacks, the three partners behind liner company ONE have turned deficits into profits in the first quarter. The container business is making a small profit, but other segments also improved.

Jefferies expects Maersk to beat low expectations

Investment bank Jefferies expects that Maersk will, on Thursday, report an operating profit that beats fairly low-set expectations. And the bank does not expect the shipping major to raise its full-year guidance.

Container industry is finding a sustainable formula

After fighting and costing each other large deficits, 2019 is becoming the first year in which the broad section of the container shipping industry is showing financial brute strength. Even in the face of global trade conflicts. Maersk's half-year report is expected to reflect a new stage.

UK finds heroin worth millions of GBP on container ship

The UK has made a large heroin discovery on board a container ship that was headed to Belgium. This comes just a week after German customs authorities announced they had found cocaine on a ship headed in the same direction.

The Asian market is Traxens' next big target

A few months ago, Maersk announced that the company will invest in French tech firm Traxens, which develops smart containers. With a solid European foothold, Traxens' main target is now Asia, which will be approached on two fronts, director tells ShippingWatch.

Acquisition and new ships boost Seaspan's revenue

The acquisition of GCI and the delivery of newbuilds impacted Seaspan's revenue, which grew 10 percent in the first half of the year. For the first six months, the shipowners earnings more than doubled due to a changed charter arrangement – but in the second quarter alone, the company's top and bottom line decreased.

Alphaliner downgrades growth on container market

Alphaliner has long been confident that the container market would grow by 3.5 percent in 2019, but the firm now downgrades this forecast due to the ongoing trade conflict. US President Donald Trump's latest announcement of more tariffs do not factor into the latest estimate.

Evergreen scraps four vessels after pledging higher standards

According to shipbroker Braemer ACM, Evergreen has sent four container ships to be scrapped. Last week, the Taiwanese liner company pledged better safety to ShippingWatch after scrapping of an Evergreen vessel recently cost a yard worker his life.

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