ShippingWatch

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.

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 

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MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement inQ2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

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