Maersk Line did it again
The Maersk Group presented its annual report for 2013 on Thursday, where business units such as Maersk Line managed to improve their results. A key factor was reduced fuel costs:
Maersk Line achieved 2013 profit of USD 1.5 billion
SeaIntel: Competitors should fear Maersk Line
Here is an overview of the Maersk 2013 annual report
Sulphur regulations, carriers, and the authorities
This week brought the news that European sulphur control measures are still surrounded by uncertainty:
European sulphur control still a ways off
Drones as new weapon against emission violators
Container alliances take center stage
Alliance developments are getting a lot of attention. United Arab Shipping Company is one of a few carriers not part of an alliance, but it may join one before long. ShippingWatch spoke to CEO Jørn Hinge (photo):
SeaIntel: The CKYHE alliance could become even bigger
Jørn Hinge: Alliance must bring clear benefits to UASC
FMC Chairman: Industry seeks consolidation
The past 18 years of container alliances
The EU wants to extend container block exemption
DFDS
DFDS turned a solid profit, but may shut down routes in light of coming sulphur regulations. And the Channel case verdict was postponed:
DFDS made USD 63.3 million profit in 2013
Seven DFDS routes could be shut down
DFDS Channel ruling postponed to early May
Further reading:
J. Lauritzen CEO on 2013: Certainly unsatisfactory
More from ShippingWatch
HHLA advances despite chaotic market
Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.
Borr Drilling seeks capital in the US
Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.
Persistent Svitzer spat set to end in Australian labor court
Maersk-owned carrier Svitzer and three Australian labor unions have been negotiating new work conditions for years, until the tugboat operator asked Australia’s Fair Work Commission to end the dispute.
Ten people arrested for illegal fuel trade in Singapore
The Singaporean police suspects ten persons of having made illegal dealings with ship fuel. The ten people have been arrested as well as charged with fraud and handling stolen goods.
Oil declines as market watches Russian pipeline
Russia says Ukraine has halted the flow in oil pipeline Druzhba as sanctions against the former country have blocked fee payments.
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