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28/02/2014at 15:39

This week's top stories on ShippingWatch

This was a week dominated by annual reports, with Maersk, DFDS, Scorpio, and several Fredriksen companies publishing their financial results for the past year. Sulphur regulations and alliances also stole the spotlight.
BY KATRINE GRØNVALD RAUN

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

Scorpio: Doubled rates in Handy and Panamax

Frontline sees better balance in tank

Related articles:

  • Drones as new weapon against emission violators

  • Pacific Basin's 2013 result dives to a small profit

    For subscribers

  • Photo: Golden Ocean

    Analysts believe in Golden Ocean fleet growth

    For subscribers

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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.
  • Norwegian carrier lands another large gas deal with Germany
  • Höegh Autoliners joins climate coalition

For subscribers

Foto: Markus Scholz/AP/Ritzau Scanpix
Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

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. | Photo: Carsten Andreasen/Ritzau Scanpix
Logistics

Blue Water founder promises future "focus on profitable growth"

For subscribers

Foto: Tatiana Meel/Reuters/Ritzau Scanpix
Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

For subscribers

Foto: Statoil/AP/Ritzau Scanpix
Offshore

Borr Drilling raises USD 400m to pay off debt

For subscribers

Further reading

”To understand the reasoning behind our decision, it’s important to understand how our current strategy is very different compared to 2015. We now have an integrator strategy,” says Johan Sigsgaard, Chief Product Officer - Ocean at Maersk. | Foto: Maersk
Container

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk needs more independence than what participation in the 2M alliance allows for, and the carrier therefore has no intentions of forming a new major box alliance, says Ocean CPO Johan Sigsgaard.

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

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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