OOCL under big pressure in the second quarter

OOCL felt a hard impact from the declining freight rates in the second quarter this year.

BY RITZAU FINANS

After sailing through the first quarter of 2015 without a major rate decline, the container carrier OOCL experienced the serverity of the rate pressure in the second quarter.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Alphaliner: No obvious buyers for NOL
For subscribers
Drewry: New elimination race in the container industry
For subscribers
Ocean Three in major reduction on Asia-Europe
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Rising fuel prices in France in 2018 led to demonstrations and the "Yellow Vests" movement. | Foto: Jacob Ehrbahn

Regulation

Will the world come to need 12 million barrels of oil a day?

In a forecast, Jyske Bank predicts that the world will be hit by an oil shortage by 2030. A halt to new oil projects makes it worse.

For subscribers

Carriers

Royal Arctic Line's chief executive steps down

For subscribers

John Fredriksen was born in Norway but holds a Cypriot passport. | Foto: Ints Kalnins/Reuters/Ritzau Scanpix

Tanker

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

For subscribers

There are both limitations and risks involved in travelling by freight route, although it is somewhat faster than travelling through the Suez Canal. | Foto: Bernd W'stneck/AP/Ritzau Scanpix

Carriers

Russia takes more risks by increasing shipping on Arctic route

For subscribers

Foto: Anders Holst Pedersen/Ritzau Scanpix

Suppliers

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

For subscribers

"A significant portion of our 2024 and 2025 revenue is secured at attractive day rates, providing a strong foundation for earnings and dividend growth in line with our strategy,” says Georg A. Whist, CEO of Gram Car Carriers. | Foto: Marine Money

Carriers

Gram Car Carriers lands multi-year contract worth USD 114m

For subscribers

Seven Seas: Customers' green ambitions and actions don't align
Seven Seas’ customers want to reduce plastic onboard ships but do not order the alternative product. The ship supplier’s CEO sees only one logical explanation.
For subscribers
Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"
The Finnish company, like several other engine manufacturers, is on the verge of launching its first ammonia engine and is currently negotiating with several shipping companies.
For subscribers
Poseidon Principles align with IMO climate targets
The Poseidon Principles agree on higher reporting and lending requirements to make the banks’ total loan portfolio climate neutral by 2050.
For subscribers
Carriers go their separate ways on climate quotas
Maersk and Hapag-Lloyd have different estimates of how much customers will have to pay for the EU’s new CO₂ allowances. ”It will be a big mess,” writes Sea-Intelligence.
For subscribers
Mississippi River waters dip toward record low in threat to US crop exports
Transportation of grain and soybeans on the Mississippi River is once again complicated by extraordinarily low water levels.
Venture fund in Singapore wants increased business focus from start-ups
Nicklas Fursund is one of the partners in Motion Ventures, which has several well-known investors on board. He believes that entrepreneurs think too little about business.
For subscribers

Carriers go their separate ways on climate quotas

Maersk and Hapag-Lloyd have different estimates of how much customers will have to pay for the EU’s new CO₂ allowances. ”It will be a big mess,” writes Sea-Intelligence.

For subscribers

”We are able to deliver the technologies very quickly, ahead of fuel availability, and at a competitive price. So we are definitely not a bottleneck,” says Toni Stojcevski, general manager, Project Sales & Development at Wärtsilä, | Foto: Sune Høegh, Mediaspektrum

Suppliers

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

The Finnish company, like several other engine manufacturers, is on the verge of launching its first ammonia engine and is currently negotiating with several shipping companies.

For subscribers

The price will determine whether the sale of DB Schenker will go through, sources tell DPA. | Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Sale of DB Schenker enters next phase

After a long period of scrutiny, Deutsche Bahn is ready to pursue a sale of the major freight forwarder DB Schenker, report German media.

For subscribers

Casper Ellerbæk has a professional background at competitor Kuehne + Nagel. | Foto: Dhl / Pr

Logistics

It's time for DHL's new global head of ocean freight to prove he can be number one

PROFILE: People familiar with the new chief executive of DHL Global Forwarding are not surprised by the appointment after a career that has gone in a straight line up.

For subscribers

Regulation