ShippingWatch

Last week's top stories on ShippingWatch

Alfa Laval caused a stir with its acquisition of Norwegian Frank Mohn, Ultrabulk and Copenship were hit by a surprisingly weak bulk market, and Bo Cerup-Simonsen steps down from Maersk Maritime Technology.

The difficult Frank Mohn acquisition

Last week supplier Alfa Laval announced its acquisition of Norwegian pump manufacturer Frank Mohn. A move that subsequently developed into a family drama:

Alfa Laval acquires Frank Mohn for USD 2.16 billion

Alfa Laval acquisition creates Norwegian family feud

Struggling container carriers

The container carriers' schedule reliability reached an all-time low:

Container carriers' reliability reaches all-time low

Maersk: Bad weather affects schedule reliability

Maersk Line and CMA CGM leave competition in their wake

Huge difference in container carriers' bunker consumption

Photo: Hapag-Lloyd
Photo: Hapag-Lloyd

Dry bulk ambush

Dry bulk carriers were caught off guard by absent shipments out of South America:

Platou: Poor 2014 start for Norden and Pacific Basin

Fearnley: Crisis in dry bulk

Bulk carriers: Surprisingly big drop

(Per Lange, Ultrabulk, photo: Ultrabulk)

Further reading:

Mr. Triple-E leaves Maersk Maritime Technology

Ultragas CEO: Shale gas boosts profits

HSH Nordbank posts massive loss on shipping 

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

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