This week's top stories on ShippingWatch

Nicaragua is planning a canal to compete with Panama, developments in the struggling German shipping industry, and Thorco said goodbye to its CEO. These are just some of the biggest stories on ShippingWatch this past week.

BY LOUISE VOGDRUP-SCHMIDT

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The Stadil family dismissed CEO after just one year:

Thorco Shipping dismisses CEO

Why Thorco and Ramskov parted ways

Maersk Broker took a big hit in 2013. Newbuilding contracts and charter parties signed at towering prices ahead of the financial crisis had a serious impact on the company's result:

Maersk Broker's profit in sharp decline

Maersk Broker hit by the financial crisis

The German shipping industry has seen better days. ShippingWatch has visited Hamburg:

Hamburg Süd prepares for more competition

The transformation of Hamburg Inc

Nicaragua is ready to invest big-time in a canal to compete with Panama:

Plan for the Nicaragua Canal ready next month

Further reading:

Safmarine's plans for Africa:

Safmarine holds key to Maersk Line's Africa-plan

New European railway in light of the coming sulphur regulations:

SECA requirements lead to new European rail link

Piracy became cheaper:

Report: Costs related to Somali piracy cut in half

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Maersk Broker hit by the financial crisis
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Avance Gas: Frontline opens doors to new investors
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Halvor Sveen is chief executive of Oslo-based shipping bank Maritime & Merchant. | Foto: Marine Money/Oscar May

Suppliers

Maritime & Merchant notes fierce competition in loans for shipping

Maritime & Merchant Bank took a close look at peer Danish Ship Finance, which was recently sold.

Erling Braut Haaland buys up in Norwegian shipping bank

Norwegian shipping bank expands portfolio despite container downturn

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The penal code provision on trespassing is used when someone enters private property without permission. | Foto: Jens Dresling/Ritzau Scanpix

Container

14 arrested at demonstration in front of Maersk headquarters

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Chief executibe of Wallenius Wilhlemsen Lasse Kristoffersen, and chief executive of Höegh Autoliners Andreas Enger. | Foto: Wallenius Wilhelmsen and Javad Parsa

Carriers

Norwegian car carriers bag multi-year contracts

For subscribers

Foto: Hannibal Hanschke/Reuters/Ritzau Scanpix

Regulation

IMO's fossil fuel ban in the Arctic faces criticism

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Container

Record influx of container ships this year will not cause trouble until 2025

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Container

Cosco and CMA CGM expect further pressure on major European ports

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”We are very happy with how our new organization is working and we are hearing the same from our customers,” writes Kuehne+Nagel about the reorganization implemented at the company in early spring. | Photo: Daniel Reinhardt/AP/Ritzau Scanpix

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

For subscribers

Dry cargo carriers discussed the green transition at Marine Money Week. | Foto: Foto: Marine Money Week

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

For subscribers

Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

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Foto: Bernd Von Jutrczenka/AP/Ritzau Scanpix

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

For subscribers

Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

For subscribers

Rhett Hatcher as served as chief executive of the UK Chamber of Shipping since March this year. | Foto: UK Chamber of Shipping

UK Chamber of Shipping calls for more trade-friendly policies

Chief exec Rhett Hatcher sets out his priorities for the next government to make the UK the ”best place” for shipping.

For subscribers

Kuehne+Nagel triggers unrest among staff with new management structure

The logistics major may have lost talent and created confusion, according to current and former managers. The company does not share the concerns.

For subscribers

Container

Cosco and CMA CGM expect further pressure on major European ports

French CMA CGM is expanding capacity on the Asia-Europe route to ease peak season congestion over the summer.

For subscribers

Ports

Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

For subscribers

Container

Less than one percent of the container fleet is currently idle

New data shows that only 77 container ships in the entire global fleet are not working, a number not seen since the pandemic.

For subscribers

Bulk

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Bulk majors Golden Ocean, Genco and Navios do not see a consensus on green fuels for bulk shipping in the short term.

For subscribers

Bulk

Analysis: Capesizes have become too expensive despite strong market

Since late 2023, the purchase and sale of second-hand capesizes has increased significantly. The price of newbuilds is also at its highest in 15 years.

For subscribers