Skou's fight for the new Maersk

This Friday, Maersk Group published its 2017 annual report, in which the consolidated result was a large deficit. Maersk Line, however, transformed its former deficit into a profit last year, while numbers from Germany's Hamburg Süd were released for the first time ever.

Maersk Line reports USD 541 million profit for 2017 

Presenting the first financial figures from Hamburg Süd

APM Terminals hit by huge impairment 

Here is an overview of Maersk's future core business 

Key executive in APM Terminals leaves Maersk

Maersk has reached square one

This week also saw the release of reports from several other major players, such as Denmark's DSV and DFDS:

DSV looking for new acquisitions in these areas 

For the first time ever, DFDS CEO Niels Smedegaard felt the impact from the UK's exit from the European Union:

DFDS now hit by Brexit 

Sulfur ban approaches

Member countries in the IMO discussed a proposal this week to ban vessels from carrying fuel on board which exceeds a sulfur content of 0.5 percent, unless the vessel has a scrubber installed to cleanse the exhaust of sulfur. The proposal is backed by a gathered industry, member nations and NGOs which surprisingly agreed on the matter.

IMO to fast-track global sulfur ban 

IMO Secretary General on global sulfur rules: No turning back 

Bimco: Insufficient sulfur resolution would weaken the IMO 

Don't forget to read:

Neon sees Copenhagen acquisition as merely the first step

DNB looking to offload shipping and oil loans totaling USD 10 billion 

Western Bulk delivers profit after strong finish in 2017 

Statoil's CEO has one big problem

English Edit: Gretchen Deverell Pedersen