This week's top stories on ShippingWatch

The past week was characterized by interim reports from Maersk and DFDS, and the latter also received some good news in the ongoing Battle on the Channel, while American Supreme could be about to radically transform the supply market. Read about this and other big stories here.

BY KATRINE GRØNVALD RAUN

Maersk Line is the driving force

The Maersk Group presented its 1st quarter interim report this week, which showed improvements virtually across the board:

Nils Smedegaard: Most things point in the right direction

Maersk Line expects improved 2014 result

P3 alliance launch postponed to the fall

Following publication of the interim report on Wednesday, Maersk Oil announced a massive North Sea investment on the British continental shelf:

Maersk Oil in USD 5 billion North Sea investment

Maersk and BP will soon unveil new super-rig

EMS Seven Seas headed for a sale:

Norwegian supply company EMS Seven Seas announced in relation to its interim report that American logistics group Supreme is looking to acquire the company:

Supreme Group to acquire EMS Seven Seas

Supreme looking at EMS Seven Seas' crown jewel

DFDS result and Channel decision

DFDS presented its 1st quarter interim report on Friday, in the same week in which the UK Competition and Markets Authority announced a provisional decision in the Battle on the Channel:

DFDS in USD 20.11 million 1Q deficit before taxes

Competition Authority confirms MyFerryLink ban

Eurotunnel: We want to see the final decision

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”We are able to deliver the technologies very quickly, ahead of fuel availability, and at a competitive price. So we are definitely not a bottleneck,” says Toni Stojcevski, general manager, Project Sales & Development at Wärtsilä, | Photo: Sune Høegh, Mediaspektrum

Suppliers

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

The Finnish company, like several other engine manufacturers, is on the verge of launching its first ammonia engine and is currently negotiating with several shipping companies.

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Rising fuel prices in France in 2018 led to demonstrations and the "Yellow Vests" movement. | Photo: Jacob Ehrbahn

Regulation

Will the world come to need 12 million barrels of oil a day?

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”Our focus is on working with our clients to help them to a greener, more sustainable mari:me future through the energy transi:on to net zero once the fuels, ships and technology are available at scale,” says Michael Parker, chair of the Poseidon Principles. | Photo: Global Maritime Forum

Regulation

Poseidon Principles align with IMO climate targets

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Carriers

Royal Arctic Line's chief executive steps down

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John Fredriksen was born in Norway but holds a Cypriot passport. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Tanker

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

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Maersk and Hapag-Lloyd are the first of the major shipping companies to give their take on how the new CO2 quotas will affect their prices. | Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

Container

Carriers go their separate ways on climate quotas

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Russia takes more risks by increasing shipping on Arctic route
Russia does not have enough ice-class ships, and oil spills from tankers in the area will be difficult to handle, according to shipbroker Poten and Partners.
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Everfuel and French fund to invest EUR 200m in hydrogen through joint venture
The new joint venture will focus on developing electrolysis capacity in the Nordics to deliver hydrogen as a green fuel to the European market.
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Gram Car Carriers lands multi-year contract worth USD 114m
The vehicle carrier’s new contract is for the Viking Queen, which can accommodate approximately 7,000 cars.
For subscribers
Mississippi River waters dip toward record low in threat to US crop exports
Transportation of grain and soybeans on the Mississippi River is once again complicated by extraordinarily low water levels.
Seven Seas: Customers' green ambitions and actions don't align
Seven Seas’ customers want to reduce plastic onboard ships but do not order the alternative product. The ship supplier’s CEO sees only one logical explanation.
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Venture fund in Singapore wants increased business focus from start-ups
Nicklas Fursund is one of the partners in Motion Ventures, which has several well-known investors on board. He believes that entrepreneurs think too little about business.
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Carriers go their separate ways on climate quotas

Maersk and Hapag-Lloyd have different estimates of how much customers will have to pay for the EU’s new CO₂ allowances. ”It will be a big mess,” writes Sea-Intelligence.

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Suppliers

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

The Finnish company, like several other engine manufacturers, is on the verge of launching its first ammonia engine and is currently negotiating with several shipping companies.

For subscribers

The price will determine whether the sale of DB Schenker will go through, sources tell DPA. | Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Sale of DB Schenker enters next phase

After a long period of scrutiny, Deutsche Bahn is ready to pursue a sale of the major freight forwarder DB Schenker, report German media.

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Casper Ellerbæk has a professional background at competitor Kuehne + Nagel. | Foto: Dhl / Pr

Logistics

It's time for DHL's new global head of ocean freight to prove he can be number one

PROFILE: People familiar with the new chief executive of DHL Global Forwarding are not surprised by the appointment after a career that has gone in a straight line up.

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Regulation