The struggling container industry is causing hardship for a number of the major ocean liners, which are significantly more in debt than other comparable industries such as aviation and road transport, and this makes the container industry more vulnerable to shifts in the financial markets.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Maersk explains Tradelens shutdown: Central players won't share "necessary data"
The shutdown of Tradelens is linked to competitors not wanting to share business-sensitive data on the digital platform, confirms Maersk.
KPI takes over responsibility of major customers in Bunker Holding
KPI Oceanconnect has taken over the division for major customers at Bunker Holding, and this will provide ”a substantial lift,” says Anders Grønborg, the bunker firm’s new chief executive.
Liner companies' guard against a hard landing is starting to crumble
Prices in long-term freight deals have fallen once again, show new figures from Xeneta. Carriers’ protection against an economic slowdown is thus beginning to fall apart.
EU closes in on USD 60 price cap for Russian oil as deadline looms
With a Monday deadline approaching, EU member nations appear to be closing in on a price cap on Russian crude oil of USD 60 per barrel, according to sources.
Former senior engineer at DNV convicted for selling information to Russian agent
A 53-year-old senior engineer has been convicted for selling information to an agent from the Russian intelligence service while working for DNV.
Consultant to the maritime industry 
Head of Sales and Marketing 
Assistant Controller 
Head of Offshore Foundations Projects - offshore wind farm construction 
Head of Fuel Concepts 
Accountant - Creditor and Payment. Nordhavn, Copenhagen