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02/05/2014at 15:42

This week's top stories on ShippingWatch

The week was characterized by annual and interim reports from the major carriers and banks, DFDS shut down a route, and the shipyards are under pressure. And analyst Lars Jensen published a book about Maersk Line.
Photo: Carsten Bundgaard
BY LOUISE VOGDRUP-SCHMIDT

New book scrutinizes Maersk Line culture

In a new book, SeaIntel founder and CEO Lars Jensen describes the culture of Maersk Line. Get a first glimpse here:

Maersk Line power struggles impacted customers

Here is an excerpt from the new book on Maersk Line

 

Banks were still not pleased with their shipping portfolios

Nordea: High newbuilding rate still a threat

Lloyds sells shipping loans for USD 500 million

German bank: Shipping market still highly uncertain

Nordea's shipping and offshore profits improve

 

DFDS acts on sulphur regulations - shuts down route

New sulphur regulations shut down DFDS service

DFDS: No additional route closures till after 2015

 

Fierce competition among shipyards

Polish and Turkish yards put pressure on Danish and Northern European shipyards:

Fayard: Polish yards put pressure on repairs

German shipyards: Recovery in 2014

Danish yards want the EU to brake Turkey

 

Further reading:

This is how much Maersk will pay for eco fuel

Scorpio Bulkers lost USD 10.7 million in 1st quarter

Scorpio Tankers: Big pressure on product tank rates

Ramboll Oil & Gas pursuing acquisitions in Norway

J. Lauritzen sells million-dollar claim against Korean carrier

Moody's: Stable shipping climate for first time in 3 years

Statoil forges ahead in first quarter 

Related articles:

  • DFDS: No additional route closures till after 2015

    For subscribers

  • Moody's: Stable shipping climate for first time in 3 years

  • Photo: Carsten Bundgaard

    New sulphur regulations shut down DFDS service

    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. | Foto: 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

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

”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

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

Latest news

  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
  • Fredriksen now owns nearly as many Euronav shares as the Saverys family – 27 Jan
  • EU considers capping Russian fuel prices at USD 100 a barrel – 27 Jan
  • New partnership to investigate potential human rights abuse at sea – 27 Jan
  • Singaporean competition authorities to probe DSME sale – 27 Jan
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