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