This week's top stories on ShippingWatch

Søren Skou unveiled parts of Maersk Line's annual report, container alliance CKYH welcomed a fifth member, and bunker company OW Bunker grew by 20 percent in 2013. Here are this week's top stories on ShippingWatch.

BY JØRGEN RUDBECK

Skou calls for celebration

At an internal meeting for 100 senior executives at the group, Maersk Line CEO Søren Skou called for a celebration when the carrier's annual report for 2013 is published on Thursday. In a video from the meeting, Søren Skou reveals both positive and negative aspects of the coming report.

Søren Skou: Time to celebrate Maersk Line´s 2013 result

Søren Skou: These are Maersk Line's biggest challenges

Turbulent week for Maersk

The past week also brought several unusual news related to Maersk Line. A container ship encountered a storm and two guards were found dead on the Maersk Alabama.

Maersk ship lost 200-300 containers in storm

Maersk is 500 containers short after storm

Two guards found dead on US Maersk ship

G6 service plans unveiled

The P3 alliance between Maersk Line, MSC, and CMA CGM is not the only one waiting for green light to start its operational collaboration. This week the competitors in G6 unveiled the service plans for the network the alliance expects to be approved in April.

G6 could get FMC decision in April

This is the G6 service plan

CKYH welcomed an E

And the past week brought more big container news, as a major collaboration was announced between two Chinese carriers, along with the fact that Taiwanese Evergreen joins the CKYH alliance on its Asia-Europe network.

Cosco and CSCL in large-scale collaboration

SeaIntel: Chinese collaboration changes nature of alliances

Chinese collaboration paves the way for new CKYH

New alliance settles in on Asia-Europe

OW Bunker feels significant growth

The world's largest bunker company, OW Bunker, is headed for an IPO. The company grew 20 percent in the past year. ShippingWatch spoke to CEO Jimmy Pedersen.

OW Bunker delivers 20 percent growth in 2013

OW Bunker: LNG will only account for 5 percent in 2020

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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Foto: Marine Money/Oscar May

Suppliers

Maritime & Merchant notes fierce competition in loans for shipping

Maritime & Merchant Bank took a close look at peer Danish Ship Finance, which was recently sold.

Erling Braut Haaland buys up in Norwegian shipping bank

Norwegian shipping bank expands portfolio despite container downturn

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Logistics

Packed container ships trigger surge in air freight demand

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The penal code provision on trespassing is used when someone enters private property without permission. | Foto: Jens Dresling/Ritzau Scanpix

Container

14 arrested at demonstration in front of Maersk headquarters

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Chief executibe of Wallenius Wilhlemsen Lasse Kristoffersen, and chief executive of Höegh Autoliners Andreas Enger. | Foto: Wallenius Wilhelmsen and Javad Parsa

Carriers

Norwegian car carriers bag multi-year contracts

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Foto: Hannibal Hanschke/Reuters/Ritzau Scanpix

Regulation

IMO's fossil fuel ban in the Arctic faces criticism

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Container

Record influx of container ships this year will not cause trouble until 2025

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Cosco and CMA CGM expect further pressure on major European ports

French CMA CGM is expanding capacity on the Asia-Europe route to ease peak season congestion over the summer.

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”We are very happy with how our new organization is working and we are hearing the same from our customers,” writes Kuehne+Nagel about the reorganization implemented at the company in early spring. | Photo: Daniel Reinhardt/AP/Ritzau Scanpix

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

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Dry cargo carriers discussed the green transition at Marine Money Week. | Photo: Foto: Marine Money Week

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

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Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

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Foto: Bernd Von Jutrczenka/AP/Ritzau Scanpix

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

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Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

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