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24/01/2014at 15:47

This week's top stories on ShippingWatch

A new player approaches in the container industry, Oldendorff and Hapag-Lloyd talk about the future sulphur regulations, new developments at Torm, and the differences between the two alliances G6 and P3. These were just some of the top stories on ShippingWatch this week.
BY KATRINE GRØNVALD RAUN

When the sulphur regulations come into force

Carriers are preparing for the impending sulphur regulations that are set to come into force on January 1st 2015. This week Oldendorff and Hapag-Lloyd talked about their preparations, while manufacturer Alfa Laval is experiencing a rise in orders:

Oldendorff opts for gas oil ahead of 2015

Sulphur regulations cost Hapag-Lloyd up to USD 270 million

Alfa Laval believes in eco market in spite of slow IMO process 

G6 vs P3

Learn the differences between the two major alliances, insofar as P3 is realized:

New G6 alliance agreement will only apply till 2016

P3 starts out with 130 ships, compared to G6's 180

New major container player approaching

Hapag-Lloyd and CSAV signed a memorandum of understanding this week concerning the merger of the two carriers, a move that could result in a challenge to Maersk Line and Hamburg Süd, particularly their reefer business in South America:

Hapag-Lloyd and CSAV agree on merger

Maersk and Hamburg Süd challenged in South America

CSAV share plummets following Hapag-Lloyd deal

Photo: Thomas Tolstrup
Photo: Thomas Tolstrup

Torm talking to new potential owners

A change in Torm's ownership structure - announced by the carrier in 2013 - has become more concrete:

Torm negotiating with new owner

Torm Chairman: Sale process still in very early stage

Lloyd's Register and the cultural change

The cultural change at centuries old Lloyd's Register still has some way to go, Chairman Thomas Thune Andersen told ShippingWatch:

”Lloyd’s Register still has some way to go”

Lloyd’s Register doubles up on newbuildings 

Further reading:

Monjasa preparing large growth in Asia

Shippers: EU should stop special treatment of carriers

Risk Intelligence: Nigeria covering up pirate attacks 

Related articles:

  • Oldendorff opts for gas oil ahead of 2015

  • Maersk and Hamburg Süd challenged in South America

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Carriers

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Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120
Tanker

Fredriksen now owns nearly as many Euronav shares as the Saverys family

For subscribers

”Blue Water wants to grow – but it will be with a focus on profitable growth, and we will hold on to our strong values, unique customer focus and high level of satisfaction among both customers and personnel,” states Kurt Skov, founder and departing chair at Blue Water Shipping. | Foto: Carsten Andreasen/Ritzau Scanpix
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Blue Water founder promises future "focus on profitable growth"

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Foto: Tatiana Meel/Reuters/Ritzau Scanpix
Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

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Foto: Statoil/AP/Ritzau Scanpix
Offshore

Borr Drilling raises USD 400m to pay off debt

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Further reading

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

Foto: Phil Noble/Reuters/Ritzau Scanpix
Container

Maersk settles in sexual harassment case between captain and cook

U.S. Marine Management Inc., a subsidiary to Maersk Line Limited, closes legal matter regarding a sexual harassment aboard ship through an undisclosed settlement. It is the fourth harassment case in Maersk’s US branch.

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

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  • Fredriksen now owns nearly as many Euronav shares as the Saverys family – 27 Jan
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