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09/08/2021at 09:53

Container boom generates chaotic upturn for multipurpose and heavy lift sector

Containers have proved a lucrative business for the multipurpose sector, which faces a boom in all business areas, say carriers UHL and AAL to ShippingWatch. A shortage of new vessels, however, may put a damper on the upturn.
Photo: AAL
by JENS THOMSEN

The partners behind specialized carrier United Heavy Lift (UHL) made a leap when they took over nine modern specialized vessels from ailing competitor Zeamarine in 2019.

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Maersk group head at the time Jess Søderberg, Mærsk Mc-Kinney Møller, the Queen of Denmark, Margrethe II, and Prince Henrik of Denmark in 1997 when the ship was launched. | Foto: Carsten Andreasen/Ritzau Scanpix
Container

Maersk divests historic ship – was world's biggest in 1997

The Danish shipping major has sold a vessel that was the world’s largest when completed at the Lindø shipyard in 1997.
  • World's largest vessel is far from maximum capacity on maiden voyage
  • Maersk's large methanol-fueled ships now under construction
Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix
Ports

Port of Rotterdam expects regular bunkering of methanol by the summer

For subscribers

Tim Power, managing director and head of maritime advisors at maritime consultancy Drewry, is skeptic about Maersk's land freight ambitions. The picture is from the Marine Money conference in London in 2020. | Photo: Marine Money
Container

Drewry director eyes one central weakness in Maersk's strategy

For subscribers

Foto: borja suarez
Container

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Foto: Höegh Autoliners
Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

For subscribers

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

Further reading

Foto: Höegh Autoliners
Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

After a difficult time during the pandemic, 2022 has exceeded all expectations for car carriers, says chief exec of Höegh Autoliners. Low capacity and electric cars out of China are main factors in elevating prices.

For subscribers

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Hamburg Süd will lose its company name and gradually be integrated into the Maersk brand. A number of other subsidiaries face rebranding as well.

For subscribers

Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

For subscribers

Latest news

  • Maersk divests historic ship – was world's biggest in 1997 – 11:14
  • Port of Rotterdam expects regular bunkering of methanol by the summer – 11:13
  • Drewry director eyes one central weakness in Maersk's strategy – 10:26
  • Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands – 07:55
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  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
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